Pre-bankruptcy 9/19/2014

Dr(CR) Reorganization Adjustments

Dr(CR) Fresh Start Adjustments

Post bankruptcy 9/19/2014

Assets

Current assets

Cash

548

(548)

(1)

-

0

Accounts receivable

1,238

(1,238)

(1)

-

0

Total Current Assets

1,786

-

0

Property, plant and equipment, net

37,249

(37,249)

(1)

-

0

Intangible assets, net

192,864

(192,864)

(1)

54,594

(2)

54,594

Total Assets

$231,899

-

$54,594

Liabilities and Equity (Deficit)

Total liabilities subject to compromise

2,112,143

(1)

-

0

Commitments and Contingencies (Note 5)

Metu Brands, Inc. ("MTOO") shareholders' deficit

Predecessor Preferred Stock 10,000,000 authorized at $0.001 par value shares issued and outstanding 271 at September 19, 2014

1

-

(1)

(3)

0

Successor Preferred Stock 10,000,000 authorized at $0.001 par value; shares issued and outstanding 54,593,032 at September 19, 2014

-

1

(2)

1

Predecessor/Successor Common Stock 90,000,000 authorized at $0.001 par value; shares issued and outstanding 54,593,032 at September 19, 2014

54,593

-

54,593

Additional paid-in capital

28,615,490

(1,880,244)

(1)

30,495,734

(3)

0

Retained earnings

(30,550,328)

-

(30,550,328)

(4)

0

Total equity (deficit)

(1,880,244)

-

54,594

Total liabilities and equity (deficit)

$231,899

$0

$54,594