Revenue
Sales $31,094
Total Revenue 31,094
Cost of Goods Sold 18,124
Gross Profit 12,970
Expenses
Salaries and Wages 114,180
Salesperson Draw 13,677
Payroll Tax 8,792
Advertising and Promotion 12,678
Automobile Expense 100
Bank Charges and Merchant Fees 1,912
Commissions 6,756
Donation 713
Dues and Subscriptions 2,316
Event Expenses 2,698
Freight and Delivery 2,864
Health Insurance 21,493
Insurance Expenses 4,964
Interest Expense 301
License and Permit 155
Marketing Expense 10,013
Meals and Entertainment 287
Outside Services 926
Parking 605
Printing and Reproduction 6,199
Product Development Expense 46,000
Professional Fees 28,170
Registration and Filing 2,480
Rent Expense 9,855
Supplies 1,610
Taxes 151
Telephone Expenses 3,758
Website Design 3,260
Total Expense 306,913
Other Expense
Tax Expense from Prior Company 21,349
Net Income/(Loss) $(315,292)
Adia Nutrition, Inc.
Balance Sheet
December 31, 2011
(Unaudited)
PiVX Adia Consolidated
Assets
Current Assets
Cash $- $13,163 $13,163
Accounts Receivable 110,306 851 111,157
Inventory - 82,784 82,784
Other Current Assets 34,033 - 34,033
Total Current Assets 144,339 96,798 241,137
Fixed Assets
Intangible Assets 100,000 - 100,000
Property and Equipment 10,001 - 10,001
Accumulated Depreciation (10,001) - (10,001)
Total Fixed Assets 100,000 - 100,000
Other Assets
Other Assets 31,416 - 31,416
Total Other Assets 31,416 - 31,416
TOTAL ASSETS $275,755 $96,798 $372,553
Liabilities and Equity
Current Liabilities
Accounts Payable $1,806,860 $107,371 $1,914,231
Sales Tax Payable - 2,346 2,346
Accrued Liabilities 437,430 - 437,430
Shareholder Notes Payable - 298,220 298,220
Deferred Revenue 68,506 - 68,506
Related Party Loans 562,500 - 562,500
Accrued Tax Liability - 21,349 21,349
Total Current Liabilities
2,875,296 429,286 3,304,582
Long Term Liabilities
Capital Lease 458,537 - 458,537
Convertible Notes 168,501 - 168,501
Total Long term Liabilities
627,038 - 627,038
Total Liabilities 3,502,334 429,286 3,931,620
Equity
Add-in Capital 15,307,301 - 15,307,301
Committed Common Stock 497,820 - 497,820
Common Stock 31,352 500 31,852
Paid-in Capital in Excess of Par Value
- 9,500 9,500
Deferred Compensation (173,386) - (173,386)
Capital Contribution 9,532 - 9,532
Retained Earnings (18,926,394) (315,292) (19,241,686)
Total Equity (3,253,775) (305,292) (3,559,067)
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