EX-99.1 3 ex99-1.htm

 

Exhibit 99.1

 

Myson Inc.

Consolidated Financial Statements

(Unaudited)

 

   

 

 

TABLE OF CONTENTS

 

SR NO   PARTICULAR   PAGE NO.
1.   Unaudited Pro Forma Consolidated Combined Balance Sheets- the Year 2022   1
2.   Unaudited Pro Forma Consolidated Combined Statements of Operations – the Year 2022   2
3.   Notes forming part of Consolidated Financial Statements   3
4.   Unaudited Pro Forma Consolidated Combined Balance Sheets- the Year 2021   4
5.   Unaudited Pro Forma Consolidated Combined Statements of Operations – the Year 2021   5

 

 

 

 

MYSON, INC.

Unaudited Pro Forma Consolidated Combined Balance Sheets

 

   MYSON, INC as of January 31, 2023   Megamile Capital, Inc. F/K/A CSF Capital, LLC (Audited), as of 31 December, 2022   Pro Forma Adjustments   Notes   Pro Forma Combined 
ASSETS                         
Current Assets                         
Cash and cash equivalents   -   $374,091           $374,091 
Account receivables   -   $212,323             $212,323 
Due from related party   -   $510,468             $510,468 
Loans receivables   -   $12,500             $12,500 
Total Current Assets   -   $1,109,382             $1,109,382 
                          
Property and equipment, net   -   $41,872             $41,872 
Related party loan   -   $155,000             $155,000 
Total Other Assets   -   $196,872             $196,872 
                          
Total Assets   -   $1,306,254             $1,306,254 
                          
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)                           
Current Liabilities                         
Accounts payable and accrued expenses  $350   $82,131             $82,481 
Loan payable       $147,707             $147,707 
Loan payable - related party  $75,047                  $75,047 
Total Current Liabilities  $75,397   $229,838             $305,235 
                          
Shareholders’ Equity (Deficit):                               
Common stock  $101   $616,306             $616,407 
Additional paid in capital  $27,639    -             $27,639 
Treasury stock   -    -             $- 
Accumulated surplus / (deficit)  $(103,137)  $460,110             $356,973 
Total Shareholders’ Equity (Deficit)  $(75,397)  $1,076,416             $1,001,019 
Total Liabilities and Members Equity  $-   $1,306,254             $1,306,254 

 

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MYSON, INC.

Unaudited Pro Forma Consolidated Combined Statements of Operations

 

   MYSON, INC as of January 31, 2023   Meagamile Capital, Inc. F/K/A CSF Capital, LLC, for 01st January 2022 to 31 December, 2022   Pro Forma Adjustments   Notes   Pro Forma Combined 
Commission income  $-   $3,321,837                 $3,321,837 
Commission expense  $-   $1,717,786             $1,717,786 
Gross profit       $1,604,051             $1,604,051 
                          
Operating expenses:                         
General and administrative  $78,333   $680,872             $759,205 
Depreciation expense       $25,903             $25,903 
Impairment        -              - 
Total operating expenses  $78,333   $706,775             $785,108 
                          
Profit / (loss) from Operations  $(78,333)  $897,276             $818,943 
                          
Other Income / (Expense):                         
   $-    -              - 
Total Other Income / (Expense)  $-   $-             $- 
                          
Provisions for income taxes                      $- 
                          
Net income / (loss)  $(78,333)  $897,276             $818,943 
                          
Loss per share, basic & diluted  $(0.01)                 $0.01 
                          
Weighted average shares outstanding, basic & diluted   5,804,516.88                   99,345,935 

 

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MYSON, INC.,

UNAUDITED PRO FORMA CONSOLIDATED COMBINED FINANCIAL STATEMENTS

 

NOTE 1 - BASIS OF PRO FORMA PRESENTATION

 

The unaudited pro forma statement of operations for the periods presented is based on the financial statements of the Company and MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC, after giving effect to the Company’s acquisition of MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC that was consummated on March 30, 2023, and adjustments described in the accompanying notes to the unaudited pro forma Consolidated combined financial information.

 

NOTE 2 - MERGER OF MYSON, INC. AND MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC

 

On March 30, 2023 (the “Closing Date”), MYSON, INC. (“MYSON”) and MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC, an Illinois Limited Liability Company (“MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC”), consummated the transactions contemplated by that certain Contribution Agreement (the “Contribution Agreement”) made and entered into as of March 30, 2023, by and among MYSON, the Sellers (as defined below) and MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC. Pursuant to the Contribution Agreement the Sellers contributed, transferred, assigned and conveyed to the Company all right, title and interest in and to eighty-eight percent (88%) of the issued and outstanding capital stock of MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC for an aggregate of 9,93,45,935 shares of the Company’s common stock, par value $0.00001 per share, (such transaction, the “Business Combination”). As a result of the Business Combination, MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC became a 88% wholly owned subsidiary of MYSON, INC.

 

NOTE 3 - PRO FORMA ADJUSTMENTS

 

The following pro forma adjustments are included in the Company’s unaudited pro forma Consolidated combined financial information:

 

  (1) Adjustment to eliminate the common stock of MEGAMILE CAPITAL, INC. F/K/A CSF CAPITAL, LLC
  (2)

Adjustment to account for the issuance of 9,93,45,935 shares of the Company’s common stock, at $0.00001 per share,

per the Contribution Agreement

 

 3 

 

 

MYSON, INC.

Unaudited Pro Forma Consolidated Combined Balance Sheets

 

   MYSON, INC as of January 31, 2022   Megamile Capital, Inc. F/K/A CSF Capital, LLC, as of 31 December, 2021 ( Audited)   Pro Forma Adjustments   Notes   Pro Forma Combined 
ASSETS                         
                          
Current Assets                         
Cash and cash equivalents   -   $104,707           $104,707 
Account receivables   -   $33,868             $33,868 
Due from related party   -   $1,184             $1,184 
Loans receivables   -   $12,500             $12,500 
Total Current Assets   -   $152,259             $152,259 
                          
Property and equipment, net   -   $67,775             $67,775 
Related party loan   -   $155,000             $155,000 
Total Other Assets   -   $222,775             $222,775 
                          
Total Assets   -   $375,034             $375,034 
                          
LIABILITIES AND SHAREHOLDERS’
 EQUITY (DEFICIT)		                         
Current Liabilities                         
Accounts payable and accrued expenses  $282   $45,994             $46,276 
Loan payable       $149,900             $149,900 
Loan payable - related party  $-                  $- 
Total Current Liabilities  $282   $195,894             $196,176 
                          
Shareholders’ Equity (Deficit):                         
Common stock  $2   $616,306             $616,308 
Additional paid in capital  $24,520    -             $24,520 
Treasury stock   -    -             $- 
Accumulated surplus / (deficit)  $(24,804)  $(437,166)            $(461,970)
Total Shareholders’ Equity (Deficit)  $(282)  $179,140             $178,858 
Total Liabilities and Members Equity  $-   $375,034             $375,034 

 

 4 

 

 

MYSON, INC.

Unaudited Pro Forma Consolidated Combined Statements of Operations

 

   MYSON, INC as of January 31, 2022  

Megamile Capital, Inc. F/K/A CSF Capital, LLC, for 01st January 2021 to 31 December 2021 ( Audited)

   Pro Forma Adjustments   Notes   Pro Forma Combined 
Commission income      $1,103,406.00              $1,103,406 
Commission expense       $667,430.00                $667,430 
Gross profit       $435,976.00             $435,976 
                          
Operating expenses:                         
General and administrative  $24,804.00   $635,942.00             $660,746 
Depreciation expense       $25,903.00             $25,903 
Impairment       $33,333.00             $33,333 
Total operating expenses  $24,804.00   $695,178.00             $719,982 
                          
Profit / (loss) from Operations  $(24,804.00)  $(259,202.00)            $(284,006)
                          
Other Income / (Expense):                         
Loan forgiveness  $-   $82,335.00             $82,335 
Total Other Income / (Expense)  $-   $82,335.00             $82,335 
                          
Provisions for income taxes       $-             $- 
                          
Net income / (loss)  $(24,804.00)  $(176,867.00)            $(201,671)
                          
Loss per share, basic & diluted  $(0.19)                 $(0.002)
                          
Weighted average shares outstanding, basic & diluted   133,284                   99,345,935 

 

 5