EX-99.2
5
exhibit99-2.htm
EXHIBIT 99.2
EPOD Solar Inc.:Exhibit 99.2 - Filed by newsfilecorp.com
Exhibit 99.2
BALANCE SHEETS
NANOTECH
INDUSTRIES
EPOD SOLAR INC.
CONSOLIDATED
PRO FORMAT
INTERNATIONAL, INC.
Elmination
BALANCE SHEETS
(A Development Stage company)
(A Development Stage company)
Entries.
July 31-2010
28-Feb-10
(unaudited)
ASSETS
Current assets
Cash
$
25,000
$
-
$
25,000
Prepaid expenses
940
940
Total Current assets
25,000
940
25,940
Intangible assets
500,000
-
500,000
Total assets
$
525,000
$
940
$
525,940
LIABILITIES
Accounts Payable
$
-
$
14,141
$
14,141
Due to a related party
-
41,206
41,206
Long term debt
500,000
-
500,000
Total liabilities
500,000
55,347
555,347
STOCKHOLDERS' DEFICIT
Common stock
50,000,000 shares authorized with a par value of $0.001
Issued and outstanding
-
33,810,035 common shares issued and
outstanding as at July 31, 2010
338,100
-
(338,100
)
-
75,000,000 shares authorized with a par value of $0.01
2,849,000 common shares issued and outstanding as at February 28, 2010
2,849
2,353
5,202
Additional paid in capital
654,499
45,970
232,521
932,990
Deficit accumulated during the development stage
(103,226
)
103,226
-
Deficit
(967,599
)
(967,599
)
Total stockholders' deficit
25,000
(54,407
)
-
(29,407
)
Total liabilities and stockholders' deficit
$
525,000
$
940
-
$
525,940
STATEMENTS OF OPERATIONS
NANOTECH
INDUSTRIES
EPOD SOLAR INC.
CONSOLIDATED
PRO FORMAT
INTERNATIONAL, INC.
(A Development
STATEMENTS OF
(A Development Stage
company)
Stage company)
OPERATIONS
July 31-2010
Feb-28-10
(unaudited)
Revenues
$
-
$
-
$
-
Selling, general and administrative:
(4,320
)
(4,320
)
Stock Compensation
(338,100
)
-
(338,100
)
Warrant expense
(629,499
)
-
(629,499
)
Total selling, general and administrative
(967,599
)
(4,320
)
(971,919
)
Net loss
$
(967,599
)
$
(4,320
)
$
(971,919
)
STATEMENTS OF OPERATIONS
NANOTECH
INDUSTRIES
EPOD SOLAR INC.
CONSOLIDATED
PRO FORMAT
INTERNATIONAL, INC.
(A Development
STATEMENTS OF
(A Development Stage
company)
Stage company)
OPERATIONS
July 31-2010
May-31-09
(unaudited)
Revenues
$
-
$
-
$
-
Selling, general and administrative:
(43,676
)
(43,676
)
Stock Compensation
(338,100
)
(338,100
)
Warrant expense
(629,499
)
(629,499
)
Total selling, general and administrative
(967,599
)
(43,676
)
(1,011,275
)
Net loss
$
(967,599
)
$
(43,676
)
$
(1,011,275
)
EPOD Solar Inc.
(A Development Stage Company)
Notes to Pro Forma Consolidated Financial Statements
February 28, 2010
(Unaudited)
NOTE 1- PRO FORMA ASSUMPTIONS AND ADJUSTMENTS
Effective August 30, 2010, EPOD Solar Inc. completed the
acquisition of 100% of the outstanding shares of common stock of Nanotech
Industries International Inc. EPOD Solar issued 3,381,003 common shares in
exchange for 33,381,035 common shares of Nanotech Industries International Inc.
As part of the acquisition, certain shareholders of EPOD Solar Inc. relinquished
a total of 1,028,000 to EPOD Solar Inc. for cancellation.
In the Pro forma statements, the $338,100 common stock of
Nanotech Industries International Inc. was eliminated in order to present the
pro forma statements with Stock Holder's Deficit values that reflect those of
EPOD Solar Inc.

EX - 99 . 2 5 exhibit99 - 2 . htm EXHIBIT 99 . 2 EPOD Solar Inc . : Exhibit 99 . 2 - Filed by newsfilecorp.com Exhibit 99 . 2 BALANCE SHEETS NANOTECH INDUSTRIES EPOD SOLAR INC . CONSOLIDATED PRO FORMAT INTERNATIONAL , INC . Elmination BALANCE SHEETS ( A Development Stage company ) ( A Development Stage company ) Entries . July 31 - 2010 28 - Feb - 10 ( unaudited ) ASSETS Current assets Cash $ 25,000 $ - $ 25,000 Prepaid expenses 940 940 Total Current assets 25,000 940 25,940 Intangible assets 500,000 - 500,000 Total assets $ 525,000 $ 940 $ 525,940 LIABILITIES Accounts Payable $ - $ 14,141 $ 14,141 Due to a related party - 41,206 41,206 Long term debt 500,000 - 500,000 Total liabilities 500,000 55,347 555,347 STOCKHOLDERS ' DEFICIT Common stock 50,000,000 shares authorized with a par value of $ 0.001 Issued and outstanding - 33,810,035 common shares issued and outstanding as at July 31 , 2010 338,100 - ( 338,100 ) - 75,000,000 shares authorized with a par value of $ 0.01 2,849,000 common shares issued and outstanding as at February 28 , 2010 2,849 2,353 5,202 Additional paid in capital 654,499 45,970 232,521 932,990 Deficit accumulated during the development stage ( 103,226 ) 103,226 - Deficit ( 967,599 ) ( 967,599 ) Total stockholders ' deficit 25,000 ( 54,407 ) - ( 29,407 ) Total liabilities and stockholders ' deficit $ 525,000 $ 940 - $ 525,940 STATEMENTS OF OPERATIONS NANOTECH INDUSTRIES EPOD SOLAR INC . CONSOLIDATED PRO FORMAT INTERNATIONAL , INC . ( A Development STATEMENTS OF ( A Development Stage company ) Stage company ) OPERATIONS July 31 - 2010 Feb - 28 - 10 ( unaudited ) Revenues $ - $ - $ - Selling , general and administrative : ( 4,320 ) ( 4,320 ) Stock Compensation ( 338,100 ) - ( 338,100 ) Warrant expense ( 629,499 ) - ( 629,499 ) Total selling , general and administrative ( 967,599 ) ( 4,320 ) ( 971,919 ) Net loss $ ( 967,599 ) $ ( 4,320 ) $ ( 971,919 ) STATEMENTS OF OPERATIONS NANOTECH INDUSTRIES EPOD SOLAR INC . CONSOLIDATED PRO FORMAT INTERNATIONAL , INC . ( A Development STATEMENTS OF ( A Development Stage company ) Stage company ) OPERATIONS July 31 - 2010 May - 31 - 09 ( unaudited ) Revenues $ - $ - $ - Selling , general and administrative : ( 43,676 ) ( 43,676 ) Stock Compensation ( 338,100 ) ( 338,100 ) Warrant expense ( 629,499 ) ( 629,499 ) Total selling , general and administrative ( 967,599 ) ( 43,676 ) ( 1,011,275 ) Net loss $ ( 967,599 ) $ ( 43,676 ) $ ( 1,011,275 ) EPOD Solar Inc . ( A Development Stage Company ) Notes to Pro Forma Consolidated Financial Statements February 28 , 2010 ( Unaudited ) NOTE 1 - PRO FORMA ASSUMPTIONS AND ADJUSTMENTS Effective August 30 , 2010 , EPOD Solar Inc . completed the acquisition of 100 % of the outstanding shares of common stock of Nanotech Industries International Inc . EPOD Solar issued 3,381,003 common shares in exchange for 33,381,035 common shares of Nanotech Industries International Inc . As part of the acquisition , certain shareholders of EPOD Solar Inc . relinquished a total of 1,028,000 to EPOD Solar Inc . for cancellation . In the Pro forma statements , the $ 338,100 common stock of Nanotech Industries International Inc . was eliminated in order to present the pro forma statements with Stock Holder 's Deficit values that reflect those of EPOD Solar Inc .