Exhibit 99.1
Myson Inc.
Consolidated Financial Statements
(Unaudited)
TABLE OF CONTENTS
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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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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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 |
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 |
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 | ||||||||||||||||||
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