EX-99.7 49 aquapower_ex9907.htm PRO FORMA FINANCIAL STATEMENTS

Exhibit 99.7

 

APSI + Traditions
Consolidated P&L Fiscal Year End
Thursday, March 31, 2022
       
Revenues Tradition Group Consolidated APSI Total Consolidated
Total Revenue 97,224,872.00 - 97,224,872.00
Cost of Revenue 83,995,949.78 - 83,995,949.78
Gross Profit 13,228,922.22 - 13,228,922.22
  - -  
Operating Expenses - -  
Research and Development - -  
Sales, General and Admin 800,706.04 (38,000.00) 762,706.04
Professional Fees 366,964.24 43,304.00 410,268.24
Rent 2,621,152.96 6,000.00 2,627,152.96
Non-Recurring Items 6,908,966.91 - 6,908,966.91
Other 398,267.27 19,000.00 417,267.27
Total Expenses 11,096,057.42 30,304.00 11,126,361.42
Operating Income 2,132,864.80 (30,304.00) 2,102,560.80
  - -  
Income from Continuing Operations - -  
Additional Income / Expense Items (1,114,431.73) - (1,114,431.73)
Earnings Before Interest and Taxes 1,018,433.07 (104,304.00) 988,129.07
Write off of Assets 195,511.18 - 195,511.18
Interest Expense (785,111.24) (23,223.00) (808,334.24)
Write of Loan Receivable - - -
Depreciation (2,853,985.77) - (2,853,985.77)
Tradecycle Capital Fees (53,437.95) - (53,437.95)
Earnings Before Tax (2,478,590.71) 173,000.00 (2,532,117.71)
Income Tax - - -
Minority Interest - - -
Equity Earnings - - -
Net Income Cont. Operations (2,478,590.71) 112,473.00 (2,532,117.71)
  - -  
Non-Recurring Events - -  
Discontinued Operations - - -
Extraordinary Operations - - -
Effect of Accounting Changes (279,558.31) - (279,558.31)
Net Income (2,758,149.02) 112,473.00 (2,811,676.02)

 

 

 

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APSI + Traditions
Consolidated P&L  Three Months Ending
Thursday, June 30, 2022
       
Revenues Tradition Group Consolidated APSI Total Consolidated
Total Revenue 14,327,440.01 - 14,327,440.01
Cost of Revenue 24,870,336.30 - 24,870,336.30
Gross Profit (10,542,896.29) - (10,542,896.29)
       
Operating Expenses      
Research and Development      
Sales, General and Admin 89,473.42 6,000.00 95,473.42
Professional Fees 137,097.87 - 137,097.87
Rent - - -
Non-Recurring Items 3,772,561.18 - 3,772,561.18
Other 310,953.12 35,000.00 345,953.12
Total Expenses 4,310,085.59 41,000.00 4,351,085.59
Operating Income (14,852,981.88) (41,000.00) (14,893,981.88)
       
Income from Continuing Operations      
Additional Income / Expense Items (32,438.65) - (32,438.65)
Earnings Before Interest and Taxes (14,885,420.53) (41,000.00) (14,926,420.53)
Write off of Assets 8,759.27 - 8,759.27
Interest Expense - - -
Write of Loan Receivable - - -
Depreciation (1,439,071.56) - (1,439,071.56)
Tradecycle Capital Fees (106,278.18) - (106,278.18)
Earnings Before Tax (16,422,011.00) (41,000.00) (16,463,011.00)
Income Tax - - -
Minority Interest - - -
Equity Earnings - - -
Net Income Cont. Operations (16,422,011.00) (41,000.00) (16,463,011.00)
       
Non-Recurring Events      
Discontinued Operations - - -
Extraordinary Operations - - -
Effect of Accounting Changes - - -
Net Income (16,422,011.00) (41,000.00) (16,463,011.00)

 

 

 

 2 

 

 

APSI + Traditions
Consolidated P&L Six Months Ending
Friday, September 30, 2022
       
Revenues Tradition Group Consolidated APSI Total Consolidated
Total Revenue 25,586,415.04 - 25,586,415.04
Cost of Revenue 46,572,691.59 - 46,572,691.59
Gross Profit (20,986,276.55) - (20,986,276.55)
  - -  
Operating Expenses - -  
Research and Development - -  
Sales, General and Admin 112,886.59 12,000.00 124,886.59
Professional Fees 231,801.20 - 231,801.20
Rent - - -
Non-Recurring Items 8,117,024.70 - 8,117,024.70
Other 644,018.85 48,000.00 692,018.85
Total Expenses 9,105,731.34 60,000.00 9,165,731.34
Operating Income (30,092,007.89) (60,000.00) (30,152,007.89)
  - -  
Income from Continuing Operations - -  
Additional Income / Expense Items (210,508.42) - (210,508.42)
Earnings Before Interest and Taxes (30,302,516.31) (60,000.00) (30,362,516.31)
Write off of Assets 7,533.17 - 7,533.17
Interest Expense - - -
Write of Loan Receivable - - -
Depreciation (4,150,814.14) - (4,150,814.14)
Tradecycle Capital Fees (253,979.62) - (253,979.62)
Earnings Before Tax (34,699,776.90) (76,000.00) (34,759,776.90)
Income Tax - - -
Minority Interest - - -
Equity Earnings - - -
Net Income Cont. Operations (34,699,776.90) (76,000.00) (34,759,776.90)
  - -  
Non-Recurring Events - -  
Discontinued Operations - - -
Extraordinary Operations - - -
Effect of Accounting Changes - - -
Net Income (34,699,776.90) (76,000.00) (34,759,776.90)

 

 

 

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