Corporate Reorganization

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

NOTE 1 - Corporate Reorganization

During the period ended September 30, 2017, the Company completed a corporate reorganization ( the “Reorganization”) in accordance with Section 251(g) of the Delaware General Corporation Law, pursuant to which the Company became a wholly-owned subsidiary of a newly formed entity which became the successor of the public company (the “Successor Issuer”). In connection with the Reorganization, the Company redomiciled into Delaware and changed its name to Franchise Transition Inc., and the Successor Issuer took the name Franchise Holdings International, Inc. As one result, the assets and liabilities of the Company, remain the assets and liabilities of such entity. Pursuant to the Reorganization, the outstanding shares of the Company were exchanged for shares of the Successor Issuer on a one-for-one basis. Subsequent to September 30, 2017, this corporate reorganization was unwound.