Excel Corporation (EXCC)

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The 3rd quarter 2016 10Q does include Calpian.
8. ACQUISITIONS
Pro Forma Financial Information
The information that follows provides supplemental information about pro forma revenues and net income (loss)attributable to the Company as if the acquisition of Calpian’s
US assets had been consummated as of January 1, 2015. Such information is unaudited and is based on estimates and assumptions which the Company believes are
reasonable.
These results are not necessarily indicative of the consolidated statements of operations in future periods or the results that would have actually been realized had the
Company and Calpian been a combined entity during 2015.
SelectedPro Forma Financial Information Excel
Calpian US
Operations Pro Forma
Revenues $ 3,295,781 $ 11,190,841 $ 14,486,622
Net income attributable to the Company $ (1,093,370) $ 331,663 $ (761,707)
Net loss attributable to the Company percommon share - basic and diluted $ (0.011) $ 0.003 $ (0.008)

Also from the 10Q.

Results ofOperations
On November 30, 2015, eVance acquired substantially all of the US operations of Calpian Inc.As a result of this acquisition, operating results for the three months
ended September 30, 2016 and 2015 are not comparable. The substantial increases in revenues and operating costs and expenses are due to the acquisition of Calpian’s US
assets by eVance.