Exhibit 99.3

HiveLive, Inc.
(a development stage company)
Statements of Operations
(unaudited)

	Six Months Ended June 30,
	2009			2008
Revenues	$	553,079		$	195,525
Operating expenses
Sales and marketing		1,300,329			721,262
Direct costs and expenses		73,061			31,843
Product development		523,579			335,027
General and administrative		647,761			367,975
Total operating expenses		2,544,730			1,456,107
Loss from operations		(1,991,651	)		(1,260,582	)
Other income (expense)
Interest income		12,827			140
Interest expense		(20,656	)		(410	)
Total other income		(7,829	)		(270	)
Net loss	$	(1,999,480	)	$	(1,260,852	)

HiveLive, Inc.
(a development stage company)
BALANCE SHEET
(unaudited)

	June 30
	2009
Assets
Current assets
Cash and cash equivalents		1,201,287
Restricted cash		50,000
Accounts receivable, net		255,178
Deferred direct costs of revenue		139,193
Other assets		39,485
Total current assets		1,685,143
Non-current assets
Property and equipment, net		194,307
Deferred direct costs of revenue, net of current portion		76,943
Deposits		23,907
Total non-current assets		295,157
Total assets		1,980,300
Liabilities & Stockholders’ Equity
Current liabilities
Accounts payable and accrued liabilities		64,741
Deferred revenue		490,477
Current portion of long-term debt		989,093
Total current liabilities		1,544,311
Non-current liabilities
Long-term debt, net of current portion		—
Total Liabilities		1,544,311
Stockholders’ equity
Preferred Series A stock, $0.001 par value. Authorized 13,392,034 and 20,528,948 shares; 13,241,920 shares issued and outstanding as of June 30, 2009 and 2008, respectively		2,171,984
Preferred Series B stock, $0.001 par value. Authorized 17,009,495 shares issued and outstanding as of June 30, 2009 and 2008 respectively		5,526,617
Common stock, $0.001 par value. Authorized 50,000,000 and 11,782,250 shares; 9,076,500 shares issued and outstanding at June 30, 2009 and 2008, respectively		11,782
Additional paid-in capital		51,683
Deficit accumulated during the development stage		(7,326,077	)
Total stockholders’ equity		435,989
Total liabilities & stockholder’s equity		1,980,300

HiveLive, Inc.
(a development stage company)
Statements of Cash Flows
(unaudited)

	Six Months Ended June 30,
	2009			2008
Cash flows from operating activities
Net loss		(1,999,480	)		(1,260,852	)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation expense		40,646			14,138
Common stock issued for services		—			—
Stock-based compensation		—			—
Value of warrants issued upon debt conversion		—			—
Amortization of debt discount		—			—
Changes in operating assets and liabilities
Accounts receivable		(129,770	)		(97,252	)
Prepaid commissions		4,981			—
Other assets		18,190			(24,562	)
Deposits		—			(6,977	)
Accounts payable and accrued liabilities		(107,850	)		(20,834	)
Deferred revenue		261,476			39,100
Net cash used in operating activities		(1,911,807	)		(1,357,239	)
Cash flows from investing activities
Purchase of property & equipment		(14,031	)		(90,303	)
Restricted cash		—			—
Net cash used in investing activities		(14,031	)		(90,303	)
Cash flows from financing activities
Proceeds from issuance of preferred stock		—			5,615,724
Equity offering costs		—
Proceeds from convertible note payable		—			—
Proceeds from the issuance of common stock		10,890			—
Net cash provided by financing activities		10,890			5,615,724
Net increase (decrease) in cash and cash equivalents		(1,914,948	)		4,168,182
Cash and cash equivalents — beginning of period		3,116,235			491,454
Cash and cash equivalents — end of period		1,201,287			4,659,636