KID CASTLE EDUCATIONAL CORPORATION

Unaudited Proforma Balance Sheet

December 31, 2018

Kid Castle Educational Corporation

Cannabinoid Biosciences, Inc

Eliminations

Total

ASSETS

Cash and cash equivalents

 $                -  

 $            1,393

 $         1,393

          Total Current Assets

 $                -  

 $            1,393

 $                -  

 $         1,393

                Fixed Assets

$                -  

$                -  

$                -  

$                -  

Total assets

 $                -  

 $            1,393

 $                -  

 $         1,393

LIABILITIES AND STOCKHOLDERS' DEFICIT

Liabilities:

    Current liabilities

$                -  

$            2,400

$         2,400

    Long-term liabilities

 $    240,000

 $            9,038

 $                -  

 $     249,038

           Total liabilities

       240,000

             11,438

                   -

        251,438

Stockholders' deficit:

Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 issued and outstanding

                     -

Common stock ($0.0001 par value)

           30,000

                  1,670

            (1,670)

              30,000

100,000,000 shares authorized, no par

30,000,000 issued and outstanding on 06/30/2019, and

          (10,045)

          (10,045)

    Additional Paid-in Capital

    7,368,660

             25,230

        (25,230)

     7,368,660

    Accumulated Deficits

  (7,638,660)

          (36,945)

           36,945

  (7,638,660)

                 Total stockholders' equity

     (240,000)

 (10,045)

     (250,045)

Total liabilities and stockholders' equity

 $                -  

 $            1,393

 $         1,393

KID CASTLE EDUCATIONAL CORPORATION

Unaudited Proforma Statements of Operations

December 31, 2018

Kid Castle Educational Corporation

Cannabinoid Biosciences, Inc.

Eliminations

Total

REVENUE

Total revenue

 $              -  

 $               -  

 $                -  

 $             -  

EXPENSES:

Rent expense

           7,560

         7,560

Telephone expense

           3,941

         3,941

Other operating expenses

         18,653

       18,653

Total operating expenses

         30,154

                   -

       30,154

NET LOSS FROM OPERATIONS

      (30,154)

                   -

    (30,154)

NET LOSS

 $              -  

 $   (30,154)

 $                -  

 $ (30,154)

Basic and diluted loss per common share

 $              -  

 $ (0.00181)

$(0.00101)

Weighted average number of common

Shares outstanding basic and diluted

30,000,000

  16,700,000

 (16,700,000)

30,000,000

KID CASTLE EDUCATIONAL CORPORATION

Unaudited Proforma Balance Sheet

June 30, 2019

Kid Castle Educational Corporation

Cannabinoid Biosciences, Inc

Eliminations

Total

ASSETS

Cash and cash equivalents

 $               -  

 $       18,442

 $    18,442

          Total Current Assets

 $              -  

 $       18,442

 $               -  

 $    18,442

Fixed Assets

 $              -  

 $         4,200

 $              -  

 $      4,200

 Total assets

 $              -  

 $       22,642

 $              -  

 $    22,642

LIABILITIES AND STOCKHOLDERS' DEFICIT

Liabilites:

    Current liabilities

 $                -  

 $         2,400

 $      2,400

    Long-term liabilities

 $   240,000

 $         4,934

 $                -  

 $  244,934

           Total liabilities

 $    240,000

            7,334

                 -

     247,334

Stockholders' deficit:

Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 issued and outstanding

                     -

Common stock ($0.0001 par value)

         30,000

            1,971

         (1,971)

       30,000

100,000,000 shares authorized, no par

30,000,000 issued and outstanding on 06/30/2019, and

           15,308

            15,308

    Additional Paid-in Capital

   7,368,660

        117,459

    (117,459)

 7,368,660

    Accumulated Deficits

(7,638,660)

     (104,122)

      104,122

 (7,638,660)

              Total stockholders' equity

     (240,000)

           15,308

                  0

    (224,692)

Total liabilities and stockholders' equity

 $                -  

 $        22,642

#

 $               0

#

 $      22,642

KID CASTLE EDUCATIONAL CORPORATION

Unaudited Proforma Statements of Operations

June 30, 2019

Kid Castle Educational Corporation

Cannabinoid Biosciences, Inc.

Eliminations

Total

REVENUE

Total revenue

 $              -  

 $               -  

 $                -  

 $             -  

EXPENSES:

Rent expense

         24,928

       24,928

Telephone expense

           8,198

         8,198

Other operating expenses

         70,996

       70,996

Total operating expenses

       104,122

                   -

     104,122

NET LOSS FROM OPERATIONS

    (104,122)

                   -

  (104,122)

NET LOSS

 $              -  

 $ (104,122)

 $                -  

$(104,122)

Basic and diluted loss per common share

 $              -  

 $ (0.00529)

$(0.00347)

Weighted average number of common

Shares outstanding basic and diluted

   30,000,000

    19,700,000

   (19,700,000)

  30,000,000