EX-99.1 2 s116371_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

WEALTHBRIDGE ACQUISITION LIMITED

BALANCE SHEET
FEBRUARY 8, 2019

 

   February 8,   Pro Forma     
   2019   Adjustments   As Adjusted 
       (unaudited)   (unaudited) 
ASSETS               
Current assets               
Cash  $661,112   $—   $661,112 
Prepaid expenses   31,600    —    31,600 
Total Current Assets   692,712    —    692,712 
                
Cash held in Trust Account   50,000,000    7,500,000    57,500,000 
Total Assets  $50,692,712   $7,500,000   $58,192,712 
                
LIABILITIES AND SHAREHOLDERS’ EQUITY               
Current liabilities               
Accrued offering costs  $23,823   $—   $23,823 
Advance from related party   25,641    —    25,641 
Promissory note – related party   390,000    —    390,000 
Total Current Liabilities   439,464    —    439,464 
                
Deferred underwriting fees   1,750,000    262,500    2,012,500 
Total Liabilities   2,189,464    262,500    2,451,964 
                
Commitments               
                
Ordinary shares subject to possible redemption, 4,561,267 and 5,311,267 shares at redemption value   43,503,240    7,237,500    50,740,740 
                
Shareholders’ Equity               
Ordinary shares, no par value; unlimited shares authorized; 663,733 and 682,483 shares issued and outstanding (excluding 4,561,267 and 5,311,267 shares subject to possible redemption)   5,069,235    —    5,069,235 
Accumulated deficit   (69,227)   —    (69,227)
Total Shareholders’ Equity   5,000,008    —    5,000,008 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $50,692,712   $7,500,000   $58,192,712