Exhibit 99.1

E-WASTE SYSTEMS, INC.
Pro Forma Consolidated Balance Sheets
ASSETS
	December 31,			December 31,
	2011			2010
	(Unaudited)			(Unaudited)
CURRENT ASSETS
Cash	$	6,493		$	621
Inventory		17,000			-
Total Current Assets		23,493			621
PROPERTY AND EQUIPMENT, net		9,865			10,091
OTHER ASSETS
Deposits		4,405			2,500
Vendor relationships		-			-
Goodwill		-			-
Total Other Assets		4,405			2,500
TOTAL ASSETS	$	37,763		$	13,212
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	190,248		$	25,146
Accrued expenses-related parties		530,308			-
Accrued interest		13,845			1,039
Derivative liability		7,371			-
Convertible notes payable		85,500			-
Note payable related party		50,240			13,877
Contingent consideration		292,000			292,000
Total Current Liabilities		1,169,512			332,062
LONG-TERM LIABILITIES
Deferred tax		-			-
Total Long-Term Liabilities		-			-
STOCKHOLDERS' DEFICIT
Preferred stock, 10,000,000 shares authorized
at par value of $0.001, 400 shares issued
and outstanding		0			-
Common stock, 190,000,000 shares authorized
at par value of $0.001, 100,764,624
shares issued and outstanding, respectively		100,765			100,200
Additional paid-in capital		222,456			(22,681	)
Accumulated deficit		(1,454,971	)		(396,369	)
Total Stockholders' Deficit		(1,131,749	)		(318,850	)
TOTAL LIABILITIES AND
STOCKHOLDERS' DEFICIT	$	37,763		$	13,212

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E-WASTE SYSTEMS, INC.
Pro Forma Consolidated Statements of Operations
(Unaudited)
	For the 12 Months Ended
	December 31
	2011			2010
REVENUES	$	575,972		$	1,900
COST OF SALES		368,784			2,519
GROSS MARGIN		207,188			(619	)
OPERATING EXPENSES
Directors' and officers' accrued compensation		499,417			-
Consultants' fees		11,540			-
Professional fees		524,221			-
General and administrative		188,808			63,223
Depreciation		2,526			484
Impairment expense		367,973			319,044
Total Operating Expenses		1,594,485			382,751
LOSS FROM OPERATIONS		(1,387,297	)		(383,370	)
OTHER EXPENSES
Interest expense		(39,709	)		(930	)
Gain on derivative liability		19,533			-
Total Other Income/(Expenses)		(20,176	)		(930	)
LOSS BEFORE INCOME TAXES		(1,407,473	)		(384,300	)
PROVISION FOR INCOME TAXES		-			-
NET LOSS	$	(1,407,473	)	$	(384,300	)
BASIC AND DILUTED LOSS PER SHARE	$	(0.01	)	$	(0.05	)
WEIGHTED AVERAGE NUMBER
OF SHARES OUTSTANDING		100,283,303			7,457,534

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