EX-99.3 11 a77971ex99-3.txt EXHIBIT 99.3 EXHIBIT 99.3 U.S. MONOLITHICS, L.L.C. BALANCE SHEET SEPTEMBER 30, 2001 (UNAUDITED) ASSETS Current assets: Cash and cash equivalents $ 769,373 Accounts receivable, net 127,515 ----------- Total current assets 896,888 Property and equipment, net 1,592,708 Other assets 22,747 ----------- Total assets $ 2,512,343 =========== LIABILITIES AND MEMBERS' EQUITY Current liabilities: Accounts payable $ 204,242 Accrued liabilities 455,751 Note payable 500,000 Current portion of capital leases 449,804 ----------- Total current liabilities 1,609,797 Obligations under capital leases 401,107 ----------- Total liabilities 2,010,904 Members' equity 501,439 ----------- Total liabilities and members' equity $ 2,512,343 ===========
U.S. MONOLITHICS, L.L.C. INCOME STATEMENT FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001 (UNAUDITED) Revenue $ 700,622 General and administrative expenses 4,135,911 ----------- Operating (loss) (3,435,289) Interest income 64,160 Interest expense (79,892) ----------- Net income (loss) $(3,451,021) ===========
U.S. MONOLITHICS, L.L.C. STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001 (UNAUDITED) Cash flows from operating activities: Net (loss) $(3,451,021) Adjustments to reconcile net (loss) to net cash used in operating activities: Depreciation 324,673 Increase (decrease) in cash resulting from changes in: Accounts receivable (59,372) Other current assets 28,818 Other assets (22,747) Accounts payable 114,910 Accrued liabilities 298,720 ----------- Net cash (used in) operating activities (2,766,019) ----------- Cash flows from investing activities: Purchases of property and equipment (163,158) ----------- Net cash used in investing activities (163,158) ----------- Cash flows from financing activities: Payments on obligations under capital leases (312,782) Borrowings under short-term debt 500,000 ----------- Net cash provided by financing activities 187,218 ----------- Net (decrease) in cash and cash equivalents (2,741,959) Cash and cash equivalents at beginning of period 3,511,332 ----------- Cash and cash equivalents at end of period $ 769,373 ===========