Note 9 - Pro Forma Financial Statements

11 Months Ended

May 31, 2013

Note 9 – Pro Forma Financial Statements

The unaudited pro forma financial statements included below presents the Company’s statements of operations and cash flows which would have been as if the Company had May 31 as its fiscal year as of the beginning of the first date presented.

Hydrodynex, Inc.
(A Development Stage Company)
Statements of Operations
Pro Forma
					For the Period from
			For the 12 Months	For the 12 Months	May 12, 2006
			Ended	Ended	(inception) through
			May 31, 2013	May 31, 2012	May 31, 2013
			(Unaudited)	(Unaudited)	(Unaudited)
Operating Expense
	Advertising and promotion		$ -	$ 131	$ 5,560
	Consulting fees - officer		-	-	61,000
	Depreciation		228	302	1,288
	Board of directors fees		-	-	2,750
	General and administrative		3,988	6,522	35,279
	Impairment of deferred license fees		-	-	68,175
	Patent application costs		-	6,997	6,997
	Travel		-	-	10,996
	Professional fees		10,140	10,780	131,362
		Total Operating Expenses	14,356	24,732	323,407

Loss from Operations			(14,356)	(24,732)	(323,407)

Other (Income) Expenses
	Foreign currency transaction (gain) loss		1,096	(3,314)	(820)
	Forgiveness of debt		-	(1,677)	(10,298)
	Loss of advance on purchase		-	-	26,991
	Interest expense		136	311	4,182
		Total Other (Income) Expenses	1,232	(4,680)	20,055

Loss Before Income Taxes			(15,588)	(20,052)	(343,462)

Income Tax Provision			-	-	-

Net Loss			$ (15,588)	$ (20,052)	(343,462)

Net Loss per Share - Basic and Diluted			$ (0.01)	$ (0.01)

Weighted Average Common Shares Outstanding,
	Basic and Diluted		2,299,880	2,191,811

Hydrodynex, Inc.
(A Development Stage Company)
Statements of Cash Flows
Pro Forma
(Unaudited)
					From the Period from
			For the 12 Months	For the 12 Months	May 12, 2006
			Ended	Ended	(inceptions) through
			May 31, 2013	May 31, 2012	May 31, 2013
			(Unaudited)	(Unaudited)	(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
	Net loss		$ (15,588)	$ (20,052)	$ (343,462)
	Adjustments to reconcile net loss to net cash used in operations				-
		Depreciation expense	228	302	1,288
		Forgiveness of accounts payable	-	(1,677)	(1,677)
		Write-off of prepaid patent applications costs	-	-	6,997
		Loss on advance on purchase	-	-	26,991
		Impairment of deferred license fees	-	-	68,175
		Stock options issued for services	-	-	4,250
		Amortization of discount on convertible notes payable	-	-	2,640
	Changes in operating assets and liabilities:
		Advances on purchases	-	-	(26,991)
		Accounts payable and accrued expenses	4,528	(3,321)	19,203
		Prepaid expenses	-	(1,000)	(1,000)
		Interest payable	-	-	720
		License fees payable	1,095	(3,314)	25,977
Net cash used in operating activities			(9,737)	(29,062)	(216,889)
Cash Flows from Investing Activities
	Purchase of office equipment		-	-	(1,288)
	Prepaid patent applications costs		-	6,997	(6,997)
	Deferred license fees		-	-	(68,175)
Net cash used in investing activities			-	6,997	(76,460)
Cash Flows from Financing Activities
	Accrued expenses - related party		-	-	37,600
	Advances from officers		10,900	24,050	49,811
	Repayment of advances from officers		(700)	-	(5,986)
	Proceeds from convertible notes payable		-	-	12,000
	Repayment of convertible notes payable		-	-	(3,000)
	Proceeds from sale of common stock and warrants		-	-	205,000
Net cash provided by financing activities			10,200	24,050	295,425
Net Change in Cash			463	1,985	2,076
Cash, Beginning of Period			1,613	(372)	-
Cash, End of Period			$ 2,076	$ 1,613	$ 2,076
Supplemental Disclosure of Cash Flows Information
	Interest paid		$ -	$ -	$ 3,680
	Income taxes paid		$ -	$ -	$ -
Non-Cash Investing and Financing Activities
	Warrants issued in connection with issuance of convertible debt		$ -	$ -	$ 2,640
	Warrants issued for conversion of accrued expenses from officer		$ -	$ 37,600	$ 37,600
	Forgiveness of advance from officer		$ -	$ 275	$ 275
	Common shares issued for conversion of advance from officer		$ -	$ 16,300	$ 25,300
	Warrants issued for conversion of accounts payable		$ -	$ -	$ 17,385
	Common shares issued for conversion of interest payable		$ -	$ -	$ 720

Hydrodynex, Inc. 10-K/A