EX-99.2 5 y42630ex99-2.txt PRO FORMA COMBINED CONSOLIDATED BALANCED SHEET 1 GOLDONLINE INTERNATIONAL, INC. PRO FORMA COMBINED CONSOLIDATED BALANCE SHEET AS OF JULY 31, 2000 EXHIBIT 99.2 (Unaudited)
GOLDONLINE HMS INTERNATIONAL JEWELRY ADJUSTMENTS PRO FORMA ASSETS Current assets Cash and cash equivalents $ 5,969,201 869,557 (1) 1,567,500 3,906,258 (2) (4,500,000) Accounts receivable 86,568 814,166 900,734 Inventory 925,338 4,728,975 5,654,313 Other current assets 91,450 206,429 297,879 ------------------------------ ------------------------------ 7,072,557 6,619,127 (2,932,500) 10,759,184 Property and equipment, net 157,024 197,107 354,131 Goodwill, net 92,336 (2) 3,586,347 3,678,683 Other non-current assets 52,541 1,997 54,538 ------------------------------ ------------------------------ $ 7,374,458 $ 6,818,231 $ 653,847 $ 14,846,536 ============================== ============================== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Current installments of long-term debt and notes payable $ 211,913 2,747,705 2,959,618 Accounts payable and accrued liabilities 200,208 435,165 635,373 Due to shareholder 2,457 2,457 ------------------------------ ------------------------------ 414,578 3,182,870 -- 3,597,448 ------------------------------ ------------------------------ Long-term debt less current installments 58,930 221,708 (2) 2,500,000 2,780,638 Stockholders' equity Common stock 9,498 (1) 110 9,608 Additional paid-in capital 7,013,946 (1) 1,567,390 8,581,336 Partners' equity 3,413,653 (2) (3,413,653) -- Deficit (122,494) (122,494) ------------------------------ ------------------------------ 6,900,950 3,413,653 (1,846,153) 8,468,450 ------------------------------ ------------------------------ $ 7,374,458 $ 6,818,231 $ 653,847 $ 14,846,536 ============================== ==============================
2 GOLDONLINE INTERNATIONAL, INC. PRO FORMA COMBINED CONSOLIDATED BALANCE SHEET AS OF JULY 31, 2000 PRO FORMA ADJUSTMENTS (Unaudited)
DEBIT CREDIT (1) Cash 1,567,500 Common stock 110 Additional paid-in capital 1,567,390 Record sale of 1,100,000 shares of common stock for cash. (2) Goodwill 3,586,347 Partners' equity 3,413,653 Cash 4,500,000 Long-term debt less current installments 2,500,000
Record purchase of HMS for cash and debt.