EX-99.2 4 exhibit99-2.htm EXHIBIT 99.2 exhibit99-2.htm
Exhibit 99.2
 
 
Unaudited Combined Pro Forma Financial Information
 
 
 
The unaudited combined pro forma balance sheet gives effect to the acquisition of the Technical License and Equity raises if the transactions had taken place on September 30, 2011.
 
These pro forma financial statements are provided for illustrative purposes and do not purport to represent  what the Company's financial position would have been if such transactions had occurred on the above mentioned date.  These statements were prepared based on accounting principles generally accepted in the United States.  The use of estimates is required and actual results could differ from the estimates used.  The Company believes the assumptions used provide a reasonable basis for presenting the significant effects directly attributable to the acquisition.
 
 

 
 
 
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Crown Dynamic Corporation
  
Unaudited Combined Pro Forma Income Statement
  
For the Three Months Ended September 30, 2011
  
                     
   
Crown
    
Pro Forma
      
Pro Forma
  
   
Dynamic
    
Adjustments
      
Combined
  
Revenue:
                    
Revenues
   $ -     $ -       $ -  
                           
Operating Expenses:
                          
Filing Fees
     1,934       -         1,934  
Transfer Agent Fees
     -       -         -  
Professional Fees
     11,139       -         11,139  
Patent
     -       -         -  
Legal - incorporation
     -       -         -  
Total Expenses
     13,073       -         13,073  
                           
Loss from operations
     (13,073 )     -         (13,073 )
                           
Other Income (expenses)
     -       -         -  
Provision for Income Taxes
     -       -         -  
                           
New Income (loss)
   $ (13,073 )   $ -       $ (13,073 )
                           
Loss per common share
   $ (0.00 )             $ (0.00 )
                           
              2,500,000  
 (a)
        
              11,000,000  
 (b)
        
              5,000,000  
 (c)
        
              1,225,000  
 (d)
        
Weighted average common shares outstanding
     3,000,000       19,725,000         22,725,000  
                           

 
 
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Crown Dynamic Corporation
  
Unaudited Combined Pro Forma Balance Sheet
  
September 30, 2011
  
                     
   
Crown
    
Pro Forma
      
Pro Forma
  
   
Dynamic
    
Adjustments
      
Combined
  
Assets
                    
Current Assets:
                    
Cash and cash equivalents
   $ 300     $ 75,000  
 (a)
   $ 125,300  
              50,000  
 (c)
        
Deferred Offering Costs
     20,000               $ 20,000  
                           
Other Assets:
                          
Intangible assets
   $ -     $ 1,347,500  
 (d)
   $ 1,347,500  
                           
Total Assets
   $ 20,300     $ 1,472,500       $ 1,492,800  
                           
                           
Liabilities and Stockholders' Equity
                          
Liabilities:
                          
Accounts payable and accrued expenses
   $ 47,263     $ -       $ 47,263  
Loans from related parties - Directors and stockholders
     22,212       -         22,212  
Total liabilities
     69,475       -         69,475  
                           
Shareholders' Equity:
                          
Common Stock, $.0001 par value, 200,000,000 shares authorized
                          
    3,000,000 issued and outstanding on September 30, 2011 and
     300       250  
 (a)
     2,273  
    22,725,000 issued and outstanding per pro forma combined on
             1,100  
 (b)
        
    September 30, 2011.
             500  
 (c)
        
              123  
 (d)
        
Additional Paid in Capital
     -       74,750  
 (a)
     1,470,527  
              (1,100 )
 (b)
        
              49,500  
 (c)
        
              1,347,377  
 (d)
        
(Deficit) accumulated during development stage
     (49,475 )     -         (49,475 )
Total shareholders' equity
     (49,175 )     1,472,500         1,423,325  
                           
Total liabilities and shareholders' equity
   $ 20,300     $ 1,472,500       $ 1,492,800  
                           
                           
                           
                           
                           

 
 
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Crown Dynamic Corporation
Notes to Unaudited Combined Pro Forma Statement of Operations
 
NOTE 1--Basis of Presentation
The unaudited proforma combined balance sheet as of September 30, 2011 was based on the unaudited balance sheet of Crown Dynamic Corporation. ("the Company"). The pro forma adjustments to give effect as if it occurred on September 30, 2011.
 
The unaudited combined statement of operations of the Company for the 3 month period ended September 30, 2011 were derived from the statement of operations as reported with the 10-Q filed on October 31, 2011.
 
These pro forma financial statements are provided for illustrative purposes and do not purport to represent  what the Company's financial position would have been if such transactions had occurred on the above mentioned date.  These statements were prepared based on accounting principles generally accepted in the United States.  The use of estimates is required and actual results could differ from the estimates used.  The Company believes the assumptions used provide a reasonable basis for presenting the significant effects directly attributable to the acquisition.
 
The following pro forma adjustments are incorporated into the unaudited combined pro forma balance sheet as of September 30, 2011 and the unaudited combined pro forma statement of operations for the three months ended September 30, 2011.
 
(a) On or about October 9th 2011, sold 2,500,000 shares for $75,000.
(b) On January 3rd 2012, record forward split 3-to-1.
(c)  On January 18th 2012, sold 5,000,000 shares for $50,000.
(d)  On January 20th 2012, issued 1,225,000 shares to Zorah LLC for Technical License Agreement
at $1.10 per share.

 
 
 
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