poolworks ( germany ) ltd. financial statements december 31, 2016 report of independent registered public accounting firm 2 balance sheets 3 statements of comprehensive income 4 statements of changes in members ’ equity 5 statements of cash flow 6 notes to the financial statements 7 1 report of independent registered public accounting firm to the board of directors momentous entertainment group, inc. sugar land, tx we have audited the accompanying balance sheets of poolworks ( germany ) ltd. ( the company ) as of december 31, 2016, and 2015, and the related statements of comprehensive income, stockholders'equity, and cash flows for the years then ended. these financial statements are the responsibility of the company's management. our responsibility is to express an opinion on these financial statements based on our audits. we conducted our audits in accordance with the standards of the public company accounting oversight board ( united states ). those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. an audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. an audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. we believe that our audit provides a reasonable basis for our opinion. in our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the company as of december 31, 2016, and 2015, and the results of its operations and its cash flows for the years then, in conformity with u. s. generally accepted accounting principles. the accompanying financial statements have been prepared assuming that the company will continue as a going concern. as discussed in note 3 to the financial statements, the company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. management ’ s plans in regard to these matters are also described in note 3. the financial statements do not include any adjustments that might result from the outcome of this uncertainty. thayer o ’ neal company, llc / s / thayer o ’ neal company, llc houston, texas april 26, 2017 2 poolworks ( germany ) ltd. balance sheets december 31, 2016 and 2015 assets 2016 2015 current assets cash and cash equivalents $ 42, 909 $ 20, 993 accounts receivable, net 18, 190 154, 402 total current assets 61, 099 175, 395