EX-99.1(B)2 9 dex991b2.htm CONSOLIDATED BALANCE SHEETS Prepared by R.R. Donnelley Financial -- Consolidated Balance Sheets
Exhibit 99.1 (b) 2
 
TechRx Incorporated
 
Consolidated Balance Sheets
 
May 31, 2002 and June 30, 2001
 
    
2002

    
2001

 
    
(Dollars in Thousands)
Assets
                 
Current assets:
                 
Cash
  
$
7,349
 
  
$
11,513
 
Accounts receivable:
                 
    (including amounts due from NDCHealth)—net of an allowance for doubtful accounts of $741 in 2002 and $832 in 2001
  
 
7,687
 
  
 
6,587
 
Prepaid expenses and other
  
 
1,444
 
  
 
1,239
 
    


  


Total current assets
  
 
16,480
 
  
 
19,339
 
Property and equipment:
                 
Furniture
  
 
984
 
  
 
1,518
 
Office equipment
  
 
722
 
  
 
790
 
Leasehold improvements
  
 
641
 
  
 
628
 
Computer software and hardware
  
 
5,292
 
  
 
3,206
 
Construction in progress
  
 
571
 
  
 
—  
 
    


  


    
 
8,210
 
  
 
6,142
 
Less accumulated depreciation/amortization
  
 
(2,087
)
  
 
(2,239
)
    


  


Total fixed assets
  
 
6,123
 
  
 
3,903
 
Other assets:
                 
Software development costs
  
 
6,401
 
  
 
—  
 
Market development costs—net of accumulated amortization of $11,500
in 2002 and $6,000 in 2001
  
 
6,500
 
  
 
12,000
 
Goodwill—net of accumulated amortization of $3,172 in 2001
  
 
34,011
 
  
 
34,011
 
Other
  
 
151
 
  
 
109
 
    


  


Total assets
  
$
69,666
 
  
$
69,362
 
    


  



 
Exhibit 99.1 (b) 2
TechRx Incorporated
 
Consolidated Balance Sheets
 
May 31, 2002 and June 30, 2001
 
    
2002

    
2001

 
    
(Dollars in Thousands)
Liabilities and stockholders' equity
                 
Current liabilities:
                 
Accounts payable (including NDCHealth)
  
$
4,032
 
  
$
4,118
 
Accrued expenses
  
 
5,221
 
  
 
6,669
 
Accrued restructuring costs
  
 
2,059
 
  
 
1,938
 
Dividends payable to NDCHealth
  
 
646
 
  
 
—  
 
Deferred revenue
  
 
8,216
 
  
 
8,767
 
Notes payable—chain customer
  
 
11,906
 
  
 
—  
 
Current portion of long-term obligations (including NDCHealth)
  
 
7,118
 
  
 
7,665
 
    


  


Total current liabilities
  
 
39,198
 
  
 
29,157
 
Long-term obligations (including NDCHealth)
  
 
7,681
 
  
 
15,675
 
    


  


Total liabilities
  
 
46,879
 
  
 
44,832
 
Redeemable Convertible Series B preferred stock at $.001
    par value, 3,000,000 shares authorized, issued
    and outstanding in 2001
  
 
—  
 
  
 
3,207
 
Stockholders’ equity:
                 
Convertible Series A preferred stock at $.001 par value,
    17,033,500 shares authorized, 6,973,500 shares issued and
    outstanding, liquidation value of $3,070,000
  
 
3,070
 
  
 
3,070
 
Convertible Series C preferred stock at $.001 par value,
    19,669,500 shares authorized, 9,203,540 shares issued
    and outstanding in 2001
  
 
—  
 
  
 
30,800
 
Common stock at $.001 par value; 90,000,000 shares
    authorized; 32,098,671 and 15,123,205 shares issued
    and outstanding, respectively
  
 
32
 
  
 
15
 
Additional paid-in capital
  
 
64,676
 
  
 
15,172
 
Warrants outstanding
  
 
1,928
 
  
 
3,295
 
Accumulated deficit
  
 
(46,693
)
  
 
(31,017
)
Cumulative translation adjustment
  
 
(49
)
  
 
26
 
Notes receivable from stockholders
  
 
(177
)
  
 
(38
)
    


  


Total stockholders’ equity
  
 
22,787
 
  
 
21,323
 
    


  


Total liabilities and stockholders’ equity
  
$
69,666
 
  
$
69,362
 
    


  


 
See accompanying notes.