EX-1.1
from 8-K/A
1 page
10.2 Purchase Agreement Between Emb and E-Net Financial Corporation Dated December 22, 1999 for Vpn. Exhibit 1.1 Vpn.com Jv Partners Consolidated Statement of Operations Vpn.com Jv Partners (A Development Stage Company) Consolidated Statements of Operations Inception (March 6, 1999) Through December 21, 1999 Mar 6, Dec 12, 1999 Revenues Sales .................................................... 71,930 Total Revenues ........................................ 71,930 Cost of Goods Sold Cost of Sales-Projects ................................... 73,543 Total Cost of Goods Sold .............................. 73,543 Gross Profit (Loss) ........................................ (1,613) Operating Expenses General and Administrative ............................... 124,737 Total Operating Expenses .............................. 124,737 Income (Loss) From Operations .............................. (126,350) Other Income (Expense) Interest Expense ......................................... (899) Total Other Income (Expense) .......................... (899) Income (Loss) Before Income Taxes .......................... (127,249) Income Taxes ............................................. 0 Net Income (Loss) .......................................... (127,249) ======== Unaudited Statement of Condition Compiled From Books and Records of Company
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EX-1
from 8-K/A
1 page
Exhibit 1 Vpn.com Jv Partners Balance Sheet Part I - Financial Information Vpn.com Jv Partners (A Development Stage Company) - Balance Sheet December 21 1999 Assets Current Assets Accounts Receivable ...................................... 13,288 Prepaid Expenses ......................................... 5,000 Total Current Assets ....................................... 18,288 Equipment, Net ............................................. 38,003 Goodwill ................................................... 960,274 Total Assets ............................................... 1,016,565 ========== Liabilities and Partners' Equity (Deficit) Current Liabilities Notes Payable ............................................ 53,416 Accounts Payable and Accrued Expenses .................... 81,398 Total Current Liabilities .............................. 134,814 Total Liabilities ...................................... 134,814 Partners' Equity Contributed Capital ...................................... 1,004,000 Paid-In Capital .......................................... 5,000 Retained Earnings ........................................ (127,249) Total Partners' Equity (Deficit) ....................... 881,751 1,016,565 ========== Unaudited Statement of Condition Compiled From Books and Records of Company
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