Ambhar Global Spirits, LLC

Unaudited Balance Sheet

Figures in  USD

2019

2020

ASSETS

     Bank Accounts

413,995

156,383

     Accounts Receivable

316,110

218,949

     Other Current Assets

-

68,836

730,105

444,168

      Inventory

540,860

505,074

     Fixed Assets

14,773

14,773

555,633

519,846

  Other Assets

3,401,943

3,201,943

TOTAL ASSETS

4,687,681

4,165,957

LIABILITIES AND EQUITY

  Liabilities

        Accounts Payable

143,773

90,943

        Other Current Liabilities

38,787

-

182,559

90,943

  Equity

     Member Contributions

16,496,976

18,136,939

     Retained Earnings

(9,750,683)

(11,991,855)

     Net Income

(2,241,171)

(2,070,071)

  Total Equity

4,505,122

4,075,014

TOTAL LIABILITIES AND EQUITY

4,687,681

4,165,957

Ambhar Global Spirits, LLC

Unaudited Actual P&L Profit and Loss

Figures in USD

2019

2020

Revenues

1,439,058

590,336

Total Income

1,439,058

590,336

Cost of Goods Sold

1,088,409

448,119

Gross Profit

350,649

142,216

Expenses

  Bank Charges

9,948

5,757

  Employee Compensation

1,209,587

1,044,705

  Insurance

1,984

1,227

  License & Permits

3,317

845

  Marketing

841,621

439,934

  T&E

285,845

150,967

   Occupancy Expenses

12,036

9,103

  Professional Services

22,599

58,480

  Repair & Maintenance

-

51,124

   other expenses

4,884

250,145

Total Expenses

2,391,820

2,012,287

EBITDA

(2,041,171)

(1,870,071)

  Amortization Expense

(200,000)

(200,000)

Net Loss

(2,241,171)

(2,070,071)

Ambhar Global Spirits, LLC

Unaudited Statement of Cash Flows

January - December 2019

Total

OPERATING ACTIVITIES

  Net Income

-2,241,171.15

  Adjustments to reconcile Net Income to Net Cash provided by operations:

     Accounts Receivable

-234,644.38

     Due from Ambhar Mexico

67,566.56

     Inventory Asset:Finished Product:Anejo Finished Product

-65,053.51

     Inventory Asset:Finished Product:Cuatro Amores 100% Finished Product

76,942.00

     Inventory Asset:Finished Product:Cuatro Amores 51% Finished Product

37,500.00

     Inventory Asset:Finished Product:Plata Finished Product

-266,205.62

     Inventory Asset:Finished Product:Reposado Finished Product

-107,240.12

     Inventory Asset:Raw Materials:Bottle Caps

9,063.70

     Inventory Asset:Raw Materials:Bottle Cord

-1,517.62

     Inventory Asset:Raw Materials:Bottle Stickers

6,494.14

     Inventory Asset:Raw Materials:Case Boxes

10,430.62

     Inventory Asset:Raw Materials:Glass Bottles

-4,032.60

     Inventory Asset:Raw Materials:Medallion

-1,346.85

     Amortization

200,000.00

     Accounts Payable

-284,768.61

     Due to Marcas Globales Ambhar

38,786.51

  Total Adjustments to reconcile Net Income to Net Cash provided by operations:

-$518,025.78

Net cash provided by operating activities

-$2,759,196.93

INVESTING ACTIVITIES

  Cast Iron Bottle Mold

-14,772.64

Net cash provided by investing activities

-$14,772.64

FINANCING ACTIVITIES

  Member Contributions:Contributions ALJA LLC

2,612,668.02

  Member Contributions:Contributions Mark John

125,000.00

Net cash provided by financing activities

$2,737,668.02

Net cash increase for period

-$36,301.55

Cash at beginning of period

450,296.64

Cash at end of period

$413,995.09