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The
unaudited Pro Forma Combined Balance Sheet as of December 31, 2008
combines the historical balance sheet of the companies as of December 31,
2008, giving effect to the acquisitions/mergers as if they had occurred on
January 1, 2008.
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•
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The
unaudited Pro Forma Combined Statement of Operations for the year ended
December 31, 2008 combines the historical income statements of the
companies for the indicated period, giving effect to the
acquisitions/mergers as if they had occurred on January 1,
2008.
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ASSETS
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Secured Diversified Investment,
Ltd.
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Galaxy Gaming, Inc.
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Pro Forma Adjustments
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Total
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Current
Assets
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|||||||||||
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Cash
and cash equivalents
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$ | 12,279 | $ | 25,885 | $ | 38,164 | |||||
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Accounts
receivable, net
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0 | 246,860 | 246,860 | ||||||||
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Prepaid
expenses and taxes
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0 | 19,773 | 19,773 | ||||||||
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Inventory
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0 | 46,177 | 46,177 | ||||||||
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Real
estate investments
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100,000 | 0 | 100,000 | ||||||||
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Note
receivable - current portion
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0 | 69,617 | 69,617 | ||||||||
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Total
Current Assets
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112,279 | 408,312 | 520,591 | ||||||||
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Property
and Equipment, Net
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0 | 23,389 | 23,389 | ||||||||
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Other
Assets
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|||||||||||
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Intellectual
property, net
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0 | 133,919 | 133,919 | ||||||||
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Intangible
assets
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0 | 150,000 | 150,000 | ||||||||
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Note
receivable - long term
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0 | 435,744 | 435,744 | ||||||||
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Total
Other Assets
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0 | 719,663 | 719,663 | ||||||||
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TOTAL
ASSETS
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$ | 112,279 | $ | 1,151,364 | $ | 1,263,643 | |||||
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LIABILITIES
AND STOCKHOLDERS’ DEFICIT
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Current
Liabilities
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Accounts
payable
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$ | 242,028 | $ | 146,336 | (242,028)a | $ | 146,336 | ||||
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Accrued
expenses and taxes
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396,256 | 297,264 | (396,256)a | 297,264 | |||||||
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Deferred
revenue
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0 | 196,579 | 196,579 | ||||||||
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Due
to related party
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0 | 31,639 | 31,639 | ||||||||
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Note
payable – related party
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0 | 384,450 | 384,450 | ||||||||
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Notes
payable – current portion
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0 | 23,014 | 23,014 | ||||||||
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Total
Current Liabilities
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638,284 | 1,079,282 | 1,079,285 | ||||||||
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Long
Term Liabilities
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Notes
payable
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45,000 | 1,192,280 | (45,000)a | 1,192,280 | |||||||
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TOTAL
LIABILITIES
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683,284 | 2,271,562 | 2,271,562 | ||||||||
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STOCKHOLDERS’
DEFICIT
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Capital
stock
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163 | 10,000 |
(163)b
(10,000)c
29,000d
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29,000 | |||||||
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Unissued
shares
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5,830 | 0 | (5,830 | )b | 0 | ||||||
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Paid
in capital
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8,818,647 | 125 |
(8,818,647)b
(125)c
93,404d
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93,404 | |||||||
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Accumulated
deficit
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(9,395,645) | (1,130,323) | 9,395,645b | (1,130,323) | |||||||
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TOTAL
STOCKHOLDERS’ DEFICIT
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(571,005) | (1,120,198) | (1,007,919) | ||||||||
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TOTAL
LIABILITIES AND STOCKHOLDERS’ DEFICIT
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$ | 112,279 | $ | 1,151,364 | $ | 1,263,643 | |||||
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Secured
Diversified Investment, Ltd.
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Galaxy Gaming, Inc.
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Pro Forma Adjustments
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Totals
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Gross
Revenues
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$ | 0 | $ | 2,067,445 | $ | 2,067,445 | |||
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Cost
of Goods Sold
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0 | 119,248 | 119,248 | ||||||
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Gross
Profit
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0 | 1,948,197 | 1,948,197 | ||||||
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Operating
Expenses
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252,736 | 2,359,459 | 2,612,195 | ||||||
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Operating
Loss
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(252,736) | (411,262) | (663,998) | ||||||
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Other
Income (Expense)
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(118,851) | (92,942) | (211,793) | ||||||
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Net
Loss Before Provision for Income Taxes
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(371,587) | (504,204) | (875,791) | ||||||
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Provision
for Income Taxes
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(800) | 0 | (800) | ||||||
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Net
Loss
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$ | (372,387) | $ | (504,204) | $ | (876,591) | |||
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Weighted
Average Number Of Shares Outstanding
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29,000,000d | ||||||||
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Net
Loss Per Share
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$ | (0.03) | |||||||