Cal. Code Regs. tit. 10, § 50.3111 – Information Regarding Pro Forma Financial Statements.

(a) Provide a pro forma balance sheet of the applicant as of the date of commencing business.
(b) Provide a pro forma balance sheet of the applicant as of the end of, and a pro forma statement of income for, a pro forma statement of cash flows for, and a pro forma statement of shareholders' equity for, each month of the first six months of transacting business, each quarter of the next succeeding 18 months of transacting business, and each half of the third year of transacting business.
(c) Explain the basis of the pro forma financial statements called for in this section.

Note: Authority cited: Section 31101, Financial Code. Reference: Section 31107, Financial Code.

1. Amendment of subsection (b) and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).