EX-99.3 6 dex993.txt EXHIBIT 99.3 - UNAUDITED BALANCE SHEET Exhibit 99.3 Unaudited Pro Forma Condensed Consolidated Balance Sheet Sontra Medical Corporation as of May 31, 2002
05/31/01 05/31/01 Pro Forma Choicetel Sontra Combined (audited) (unaudited) (unaudited) ------------- ------------ ----------- Current Assets 4,995,549 138,990 (77,458) a 800,000 c 5,857,081 Property and equipment 868 214,498 215,366 Restricted cash 850,000 (800,000) c 50,000 Other assets 31,675 31,675 Deferred financing costs 299,742 (299,742) - ---------------------------------------------------------------------------------------------------------------- Total assets 5,846,417 684,904 (377,200) - 6,154,121 ================================================================================================================ - Current liabilities 153,486 400,854 297,800 a 852,140 Convertible preferred stock 11,495,871 (11,495,871) b - Shareholder equity 5,692,931 (11,211,821) (675,000) a 11,495,871 b 5,301,981 - ---------------------------------------------------------------------------------------------------------------- Total liabilities and equity 5,846,417 684,904 (377,200) - 6,154,121 ================================================================================================================
Adjustments: a Reflects the recognition of deferred transaction expenses related to the merger (e.g. legal, accounting, etc.) b Relects the conversion of all preferred stock into shares of common stock which will occur prior to the closing of the merger. c Reflects the release of escrowed funds as provided in the merger agreement.