EX-99
9
exh99iii.htm
Converted by EDGARwiz
INFRASTRUCTURE DEVELOPMENTS CORP.
Pro Forma Financial Statements
December 31, 2013
NOTE 1 - ORGANIZATION AND HISTORY
Infrastructure Developments Corp. (the
"
Company
"
), formerly 1
st
Home Buy and Sell Ltd., was incorporated under the laws of the state of Nevada on August 10, 2006. The Company changed its name to
"
Infrastructure Developments Corp.
"
on March 1, 2010.
The Company conducts its business through its wholly-owned subsidiaries focusing on project management in the Middle East, East Asia, and Oceania. The Company aims to fill an underserved niche in the global project spectrum. It targets specialized projects and subcontracts that are too small to attract the attention of the giant multinational firms but which still require world class engineering expertise. The company also markets mobile shelters to the mining, oil and gas, and industrial industries around the world.
On June 22, 2014, the Company and Orbis Real Estate (
"
Orbis
"
), engaged in real estate brokerage business in Dubai executed an acquisition agreement, whereby the Company agreed to acquire full control of Orbis
'
business in exchange for 160,000,000 restricted shares of the Company
'
s common stock.
NOTE 2
-
ASSUMPTIONS
The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liabilities in the normal course of business.
The management has assumed all the book value of the assets and liabilities of Orbis are equal to the market value. All the pro forma adjustments are made as per the management
'
s assumptions.
1
Infrastructure
Developments Corporation
Proforma Combined Financial Information
Balance Sheet (Unaudited)
As at December 31, 2013
Infrastructure Developments Corporation
Orbis Real Estate
Proforma adjustment 1- Issuance of 160,000,000 restricted shares to take control of Orbis
Proforma adjustment 2- Elimination of inter company equity & investment
Proforma Combined
Assets
Current assets:
Cash
2,946
3,357
-
-
6,303
Other current assets
-
18,503
-
-
18,503
-
Total current assets
2,946
21,860
-
-
24,806
Investment
-
-
160,000
(160,000)
-
Property and equipment, net
-
19,934
-
-
19,934
-
2,946
41,794
160,000
(160,000)
44,740
Liabilities and Stockholders' Equity
Current liabilities:
Notes Payable
22,185
-
-
-
22,185
Accounts payable
-
-
-
-
-
Accrued expenses
92,884
2,769
-
-
95,653
Total current liabilities
115,069
2,769
-
117,838
-
Long-term debt
-
113,603
-
-
113,603
.
Total liabilities
115,069
116,372
-
-
231,441
Continued
-
Shareholders' Equity
-
Common stock:
-
Authorized: 500,000,000 common shares $0.001
491,775
-
160,000
(160,000)
491,775
Issued: 491,774,657
-
-
Preferred stock:
-
Authorized: 10,000,000 Preferred shares $0.001
9,000
-
-
-
9,000
Issued: 9,000,000
-
-
Additional paid-in capital
8,705,141
-
-
-
8,705,141
-
Retained earnings (deficit)
(9,318,039)
(74,578)
-
(9,392,617)
-
Equity Funds
(112,123)
(74,578)
160,000
(160,000)
(186,701)
-
2,946
41,794
160,000
(160,000)
44,740
2
Infrastructure Developments Corporation
Proforma Combined Financial Information
Income Statement (Unaudited)
For the year ended at December 31, 2013
Infrastructure Developments Corporation
Orbis Real Estate
Proforma Combined
Revenues:
Commission Revenue
-
34,256
34,256
Total revenues
-
34,256
34,256
Direct costs
-
Commission Split
-
20,769
20,769
Gross profit
-
13,487
13,487
Operating expenses:
General, selling and administrative expenses
49,476
67,729
117,205
Salaries and wages
24,000
18,791
42,791
Depreciation
0
1,545
1,545
Total operating expenses
73,476
88,065
161,541
Income (Loss) from operations
(73,476)
(74,578)
(148,054)
Other income (expense):
Interest Income/(Expense)
-
-
-
Other income (expense)
(4,322)
-
(4,322)
Total other income (expense)
(4,322)
-
(4,322.00)
(Loss) Income before Income Taxes
(77,798)
(74,578)
(152,376)
Provision for income taxes
-
-
-
NET INCOME/(LOSS)
(77,798)
(74,578)
(152,376)
3

EX - 99 9 exh99iii . htm Converted by EDGARwiz INFRASTRUCTURE DEVELOPMENTS CORP . Pro Forma Financial Statements December 31 , 2013 NOTE 1 - ORGANIZATION AND HISTORY Infrastructure Developments Corp . ( the " Company " ) , formerly 1 st Home Buy and Sell Ltd . , was incorporated under the laws of the state of Nevada on August 10 , 2006 . The Company changed its name to " Infrastructure Developments Corp . " on March 1 , 2010 . The Company conducts its business through its wholly - owned subsidiaries focusing on project management in the Middle East , East Asia , and Oceania . The Company aims to fill an underserved niche in the global project spectrum . It targets specialized projects and subcontracts that are too small to attract the attention of the giant multinational firms but which still require world class engineering expertise . The company also markets mobile shelters to the mining , oil and gas , and industrial industries around the world . On June 22 , 2014 , the Company and Orbis Real Estate ( " Orbis " ) , engaged in real estate brokerage business in Dubai executed an acquisition agreement , whereby the Company agreed to acquire full control of Orbis ' business in exchange for 160,000,000 restricted shares of the Company ' s common stock . NOTE 2 - ASSUMPTIONS The accompanying consolidated financial statements have been prepared on a going concern basis , which contemplates the realization of assets and liabilities in the normal course of business . The management has assumed all the book value of the assets and liabilities of Orbis are equal to the market value . All the pro forma adjustments are made as per the management ' s assumptions . 1 Infrastructure Developments Corporation Proforma Combined Financial Information Balance Sheet ( Unaudited ) As at December 31 , 2013 Infrastructure Developments Corporation Orbis Real Estate Proforma adjustment 1 - Issuance of 160,000,000 restricted shares to take control of Orbis Proforma adjustment 2 - Elimination of inter company equity & investment Proforma Combined Assets Current assets : Cash 2,946 3,357 - - 6,303 Other current assets - 18,503 - - 18,503 - Total current assets 2,946 21,860 - - 24,806 Investment - - 160,000 ( 160,000 ) - Property and equipment , net - 19,934 - - 19,934 - 2,946 41,794 160,000 ( 160,000 ) 44,740 Liabilities and Stockholders ' Equity Current liabilities : Notes Payable 22,185 - - - 22,185 Accounts payable - - - - - Accrued expenses 92,884 2,769 - - 95,653 Total current liabilities 115,069 2,769 - 117,838 - Long - term debt - 113,603 - - 113,603 . Total liabilities 115,069 116,372 - - 231,441 Continued - Shareholders ' Equity - Common stock : - Authorized : 500,000,000 common shares $ 0.001 491,775 - 160,000 ( 160,000 ) 491,775 Issued : 491,774,657 - - Preferred stock : - Authorized : 10,000,000 Preferred shares $ 0.001 9,000 - - - 9,000 Issued : 9,000,000 - - Additional paid - in capital 8,705,141 - - - 8,705,141 - Retained earnings ( deficit ) ( 9,318,039 ) ( 74,578 ) - ( 9,392,617 ) - Equity Funds ( 112,123 ) ( 74,578 ) 160,000 ( 160,000 ) ( 186,701 ) - 2,946 41,794 160,000 ( 160,000 ) 44,740 2 Infrastructure Developments Corporation Proforma Combined Financial Information Income Statement ( Unaudited ) For the year ended at December 31 , 2013 Infrastructure Developments Corporation Orbis Real Estate Proforma Combined Revenues : Commission Revenue - 34,256 34,256 Total revenues - 34,256 34,256 Direct costs - Commission Split - 20,769 20,769 Gross profit - 13,487 13,487 Operating expenses : General , selling and administrative expenses 49,476 67,729 117,205 Salaries and wages 24,000 18,791 42,791 Depreciation 0 1,545 1,545 Total operating expenses 73,476 88,065 161,541 Income ( Loss ) from operations ( 73,476 ) ( 74,578 ) ( 148,054 ) Other income ( expense ) : Interest Income / ( Expense ) - - - Other income ( expense ) ( 4,322 ) - ( 4,322 ) Total other income ( expense ) ( 4,322 ) - ( 4,322 . 00 ) ( Loss ) Income before Income Taxes ( 77,798 ) ( 74,578 ) ( 152,376 ) Provision for income taxes - - - NET INCOME / ( LOSS ) ( 77,798 ) ( 74,578 ) ( 152,376 ) 3