EX-99.2 3 ex992.htm EXHIBIT 99.2 Exhibit 99.2
 
 
Exhibit 99.2
 
 
JUPITER GLOBAL HOLDINGS Corporation
Pro Forma Consolidated Balance Sheet
June 30, 2005
(Stated in US Dollars)
 
   
JUPITER Global Holdings Corp
 
Macro Communications Inc
 
Adjustments (1)
 
Pro Forma
 
                   
ASSETS
                          
                           
Cash
  
$
31,753
  
$
28,466
  
$
-
  
$
60,219
  
Goods and Services Tax Recoverable
    
11,470
   
7,999
   
-
   
19,469
 
Prepaid Expense, Advance other
    
17,285
   
30,000
   
(30,000
)
  
17,285
 
Note Receivable
    
-
   
1,930,000
   
(1,930,000
)
  
-
 
   
$
60,508
  
$
1,996,465
  
$
(1,960,000
)
$
96,973
  
                           
Investments
    
2,638,000
   
-
   
(2,000,000
)
  
638,000
 
Capital Assets
    
2,694
   
1,028,907
   
-
   
1,031,601
 
                           
   
$
2,701,202
  
$
3,025,372
  
$
(3,960,000
)
$
1,766,574
  
                           
                           
LIABILITIES
                          
Current
                          
A/P & Accrued Expenses
  
$
2,108,153
  
$
2,423,126
  
$
-
  
$
4,531,279
  
Cost of Unused Time on Phone Cards
                          
Loans and Advances payable
    
763,532
   
321,134
   
(30,000
)
  
1,054,666
 
Obligations under Capital Leases
    
-
   
84,703
   
-
   
84,703
 
Line of credit
    
-
   
471,692
   
-
   
471,692
 
                           
   
$
2,871,685
  
$
3,300,655
  
$
(30,000
)
$
6,142,340
  
                           
Note Payable
    
1,930,000
   
-
   
(1,930,000
)
  
-
 
Minority interest
   
-
   
-
   
(454,657
)
  
(454,657
)
                           
STOCKHOLDERS’ DEFICIENCY
                          
                           
Share Capital
                         
Common Stock
    
85,638
   
2,500
   
(2,500
)
  
85,638
 
Preferred Stock
    
8,006
   
-
   
-
   
8,006
 
Additional Paid In Capital
    
9,180,232
   
1,998,000
   
(1,998,000
)
  
9,180,232
 
Deficit
    
(11,374,359
)
  
(2,275,783
)
  
455,157
   
(13,194,985
)
                           
   
$
(2,100,483
)
$
(275,283
)
$
(1,545,343
)
$
(3,921,109
)
                           
   
$
2,701,202
  
$
3,025,372
  
$
(3,960,000
)
$
1,766,574
  
NOTE (1) - The Pro Forma Consolidated Balance Sheet adjustments represent all required Pro Forma adjustments necessary to present the Companies, as if the acquisition, at September 22, 2005, had taken place at the beginning of the period.
-1-

JUPITER GLOBAL HOLDINGS Corporation
                   
Pro Forma Consolidated Balance Sheet
December 31, 2004
(Stated in US Dollars)
                   
   
JUPITER Global Holdings Corp
 
Macro Communications Inc
 
Adjustments (1)
 
Pro Forma
 
                           
ASSETS
                          
                           
Cash
  
$
8,240
  
$
66,922
  
$
-
  
$
75,162
  
Goods and Services Tax Recoverable
    
3,757
   
11,670
   
-
   
15,427
 
Prepaid Expense, Advance other
    
8,496
   
70,000
   
(30,000
)
  
48,496
 
Note Receivable
    
-
   
1,930,000
   
(1,930,000
)
  
-
 
   
$
20,493
  
$
2,078,592
  
$
(1,960,000
)
$
139,085
  
                           
Investments
    
2,000,000
   
-
   
(2,000,000
)
  
-
 
Capital Assets
    
5,972
   
1,509,376
   
-
   
1,515,348
 
                           
   
$
2,026,465
  
$
3,587,968
  
$
(3,960,000
)
$
1,654,433
  
                           
                           
LIABILITIES
                          
Current
                          
A/P & Accrued Expenses
  
$
2,306,523
  
$
2,172,192
  
$
-
  
$
4,478,715
  
Cost of Unused Time on Phone Cards
    
-
   
179,296
   
-
   
179,296
 
Loans and Advances payable
    
808,581
   
255,534
   
(30,000
)
  
1,034,115
 
Obligations under Capital Leases
    
-
   
173,759
   
-
   
173,759
 
Line of credit
    
-
   
471,692
   
-
   
471,692
 
                           
   
$
3,115,104
  
$
3,252,473
  
$
(30,000
)
$
6,337,577
  
                           
Notes Payable
    
1,930,000
   
-
   
(1,930,000
)
  
-
 
Minority interest
   
-
   
-
   
(332,501
)
  
(332,501
)
                           
STOCKHOLDERS’ DEFICIENCY
                          
                           
Share Capital
                         
Common Stock
    
2,757
   
2,500
   
(2,500
)
  
2,757
 
Preferred Stock
    
8,006
   
-
   
-
   
8,006
 
Additional Paid In Capital
    
5,818,445
   
1,998,000
   
(1,998,000
)
  
5,818,445
 
Deficit
    
(8,847,847
)
  
(1,665,005
)
  
333,001
   
(10,179,851
)
                           
   
$
(3,018,639
)
$
335,495
  
$
(1,667,499
)
$
(4,350,643
)
                           
   
$
2,026,465
  
$
3,587,968
  
$
(3,960,000
)
$
1,654,433
  

NOTE (1) - The Pro Forma Consolidated Balance Sheet adjustments represent all required Pro Forma adjustments necessary to present the Companies, as if the acquisition, at September 22, 2005, had taken place at the beginning of the period.
 
-2-
 

JUPITER GLOBAL HOLDINGS Corporation
  
               
Pro Forma Consolidated Income Statement
  
Year Ended June 30, 2005
  
(Stated in US Dollars)
 
 
   
JUPITER Global Holdings Corp
 
Macro Communications Inc
 
Pro-forma
 
               
               
                     
Revenue
  
$
10,078
  
$
4,774,684
  
$
4,784,762
  
                     
Cost of services
    
-
   
(3,999,923
)
  
(3,999,923
)
                     
Expenses
    
(2,536,590
)
  
(1,385,539
)
  
(3,922,129
)
                     
Loss for operations
  
$
(2,526,512
)
$
(610,778
)
$
(3,137,290
)
                     
Minority Interest in loss of Subsidiary
                
122,156
 
                     
Net Loss
              
$
(3,015,134
)
 
 
 
 
               
JUPITER GLOBAL HOLDINGS Corporation
               
Pro Forma Consolidated Statement of Operations
Year Ended December 31, 2004
(Stated in US Dollars)
               

 
               
   
JUPITER Global Holdings Corp
 
Macro Communications Inc
 
Pro Forma
 
               
               
               
Revenue
  
$
683,613
  
$
11,872,727
  
$
12,556,340
  
                 
(11,004,756
)
Cost of services
    
-
   
(11,004,756
)
      
                     
Expenses
    
(5,351,879
)
  
(2,415,905
)
  
(7,767,784
)
                     
Loss for operations
  
$
(4,668,266
)
$
(1,547,934
)
$
(6,216,200
)
                     
Minority Interest in loss of Subsidiary
                
309,587
 
                     
Net Loss
              
$
(5,906,613
)