-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OZ1gkEpETXNlrZn8/j4w2ztuJB+a+FYkzK852Jh0Fa1Ee7ul0t+0SFk+WxRxsmU9 5us2MrfAk3apSNqtxkuL3w== 0000950144-98-009406.txt : 19980812 0000950144-98-009406.hdr.sgml : 19980812 ACCESSION NUMBER: 0000950144-98-009406 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980627 FILED AS OF DATE: 19980811 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENVIROQ CORP /DE/ CENTRAL INDEX KEY: 0000937256 STANDARD INDUSTRIAL CLASSIFICATION: SANITARY SERVICES [4950] IRS NUMBER: 593290346 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10QSB SEC ACT: SEC FILE NUMBER: 000-25528 FILM NUMBER: 98682344 BUSINESS ADDRESS: STREET 1: 3918 MONTCLAIR ROAD STREET 2: SUITE 206 CITY: BIRMINGHAM STATE: AL ZIP: 35213 BUSINESS PHONE: 2058700588 MAIL ADDRESS: STREET 1: 3918 MONTCLAIR ROAD STREET 2: SUITE 206 CITY: BURMINGHAM STATE: AL ZIP: 35213 FORMER COMPANY: FORMER CONFORMED NAME: NEW ENVIROQ CORP DATE OF NAME CHANGE: 19950811 10QSB 1 ENVIROQ CORPORATION 1 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-QSB (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 27, 1998 [_] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ________________ Commission file number 0-25528 ------------- ENVIROQ CORPORATION (Exact name of small business issuer as specified in its charter) Delaware 59 -3290346 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 3918 Montclair Road, Suite 206 Birmingham, Alabama 35213 ---------------------------------------- --------------- (Address of principal executive offices) (Zip Code) Issuer's telephone number: (205) 870-0588 -------------- N/A - ------------------------------------------------------------------------------ (Former name, former address and former fiscal year, if changed since last report) Check whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES X NO --- --- State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: Common Stock, par value $0.01 1,009,377 ----------------------------- ------------------ (Class) (Number of Shares) Transitional Small Business Disclosure Format (Check one): Yes [_] No [X] 2 ENVIROQ CORPORATION AND SUBSIDIARIES FORM 10-QSB JUNE 27, 1998 CONSOLIDATED CONDENSED BALANCE SHEETS - JUNE 27, 1998 AND MARCH 28, 1998 3 CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - THREE MONTHS ENDED JUNE 27, 1998 5 CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - THREE MONTHS ENDED JUNE 27, 1998 6 NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS 7 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 10 PART II - OTHER INFORMATION 12 SIGNATURES 14
2 3 ENVIROQ CORPORATION CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) - ------------------------------------------------------------------------------
June 27, 1998 March 28, 1998 ------------- -------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 2,536,387 $ 2,545,100 Accounts receivable (no allowance considered necessary) 115,344 78,404 License fees receivable 930 - Inventories 173,393 168,184 Notes Receivable 13,459 - Refundable Income Taxes 37,622 63,470 Prepaid expenses and other assets 5,495 36,884 ------------- ------------- Total current assets 2,882,631 2,892,042 ------------- ------------- OTHER ASSETS: Reorganization Cost 127,670 - Employee notes receivable 11,858 11,858 Deferred Taxes 10,040 10,650 ------------- ------------- Total other assets 149,568 22,508 ------------- ------------- PROPERTY, PLANT AND EQUIPMENT, at cost Land 310,135 310,135 Leasehold Improvements 8,312 - Operating equipment 38,136 44,160 Other equipment and vehicles 57,917 57,917 ------------- ------------- 414,500 412,212 Less accumulated depreciation (55,174) (53,279) ------------- ------------- Property, plant and equipment, net 359,325 358,933 ------------- ------------- TOTAL ASSETS $ 3,391,525 $ 3,273,483 ============= =============
See accompanying notes to consolidated condensed financial statements 3 4 ENVIROQ CORPORATION CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) - -------------------------------------------------------------------------------
June 27, March 28, 1998 1998 ----------- ------------ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $ 65,037 $ 46,733 Salaries, wages and related taxes 20,264 25,203 Income taxes payable 71,617 - ----------- ------------ Total current liabilities 156,918 71,936 ----------- ------------ COMMITMENTS AND CONTINGENCIES (Note 3) STOCKHOLDERS' EQUITY Common stock (par value $.01 per share) 10,000,000 shares, authorized 1,009,377 shares, issued and outstanding 10,094 10,094 Additional paid-in capital 6,190,647 6,190,647 Accumulated deficit (2,966,134) (2,999,194) ----------- ----------- Total stockholders' equity 3,234,607 3,201,547 ----------- ----------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,391,525 $ 3,273,483 =========== ===========
See accompanying notes to consolidated condensed financial statements 4 5 ENVIROQ CORPORATION CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (ALL PERIODS UNAUDITED) - -------------------------------------------------------------------------------
THREE MONTHS ENDED ----------------------------- JUNE 27, JUNE 28, 1998 1997 REVENUES Net revenues from sales and support $ 362,815 $ 233,486 Revenues from licenses - 80,000 ------------ ----------- Total Revenues 362,815 313,486 COST OF REVENUES 180,310 201,191 ------------ ----------- GROSS PROFIT 182,505 112,296 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 175,413 176,806 ------------ ----------- INCOME (LOSS) FROM OPERATIONS 7,092 (64,511) OTHER INCOME 35,766 31,960 ------------ ----------- INCOME (LOSS) BEFORE INCOME TAXES 48,858 (32,550) INCOME TAX EXPENSE (BENEFIT) 17,159 (4,883) ------------ ----------- NET INCOME (LOSS) $ 31,699 $ (27,667) ============ =========== NET INCOME (LOSS) PER SHARE $ 0.03 $ (0.03) ============ ===========
See accompanying notes to consolidated condensed financial statements. 5 6 ENVIROQ CORPORATION CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - ------------------------------------------------------------------------------
THREE MONTHS ENDED --------------------------------- JUNE 27, 1998 JUNE 28, 1997 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 31,699 $ (27,667) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation 1,895 2,618 Changes in assets and liabilities provided (used) cash (40,019) 82,202 ------------- ------------- Net cash provided by (used in) operating activities (6,425) 52,270 ------------- ------------- CASH FLOWS FROM INVESTING ACTIVITIES: Additions to property, plant and equipment (2,288) - ------------- ------------- Net cash used in investing activities (2,288) (0) ------------- ------------- CASH FLOWS FROM FINANCING ACTIVITIES - - NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (8,713) 52,270 ------------- ------------- CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,545,100 2,379,613 ------------- ------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 2,536,387 $ 2,431,883 ============= =============
See accompanying notes to consolidated condensed financial statements 6 7 ENVIROQ CORPORATION NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1 - MANAGEMENT'S REPRESENTATION The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-QSB. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. These unaudited financial statements include all adjustments, consisting of normal recurring accruals, which Enviroq Corporation considers necessary for a fair presentation of the financial position and the results of operations for these periods. The results of operations for the three months ended June 27, 1998 are not necessarily indicative of the results to be expected for the full year ending March 27, 1999. For further information, refer to the financial statements and footnotes thereto included in the Company's Form 10-KSB for the year ended March 28, 1998, as filed with the Securities and Exchange Commission. NOTE 2 - GENERAL A. COMPANY INFORMATION Enviroq Corporation, a Delaware corporation (the "Company"), was incorporated on February 9, 1995. At the time of its incorporation, the Company was a wholly-owned subsidiary of a Delaware corporation formerly named Enviroq Corporation ("Old Enviroq"). Prior to April 18, 1995, the Company was named New Enviroq Corporation ("New Enviroq"). On April 18, 1995, Old Enviroq distributed all of the issued and outstanding capital stock of New Enviroq to the holders of the common stock of Old Enviroq (the "Distribution"). Following the Distribution, the Company changed its name from New Enviroq Corporation to Enviroq Corporation. Also following the Distribution, Old Enviroq merged with a subsidiary of Insituform Mid-America, Inc. ("IMA") and changed its name to Insituform Southeast, Inc. ("Insituform Southeast"). The Company's principal executive office is located at 3918 Montclair Road, Suite 206, Birmingham, Alabama 35213, and its telephone number is (205) 870-0588. The Company's mailing address is P. O. Box 130062, Birmingham, Alabama 35213. The Company is currently principally engaged in the development, commercialization, formulation and marketing of spray-applied resinous products, and in the treatment of municipal wastewater biosolids. The Company's operations are conducted primarily through Sprayroq(R), Inc., a Florida corporation ("Sprayroq"), of which the Company owns 50% of the outstanding capital stock. Sprayroq is engaged in the development, commercialization, manufacture and marketing of spray-applied resinous materials. The Company also owns 100% of the outstanding capital stock of Synox(R) Corporation, a Delaware corporation ("Synox"). Synox has been engaged in the research, development and marketing of a process for the treatment of municipal wastewater biosolids. To date, most of the revenue and operating income for the Company have resulted from the operations of Sprayroq. While the Company intends to maintain Synox as a subsidiary, management does not expect any significant revenues or other activity for the foreseeable future, and intends to minimize expenses*. 7 8 B. BASIS OF PRESENTATION Principles of Consolidation - The consolidated financial statements include the accounts of Enviroq Corporation, Synox and Sprayroq. All significant intercompany transactions are eliminated. Although the Company owns 50% of the outstanding capital stock of Sprayroq, all of the operating results of Sprayroq have been included, without discount or reduction. No minority interest is shown because of Sprayroq's accumulated deficit position. C. INCOME (LOSS) PER SHARE Income (loss) per share was computed by dividing net income (loss) by the 1,009,377 shares of common stock outstanding as of June 27, 1998, considering these shares to be outstanding for all periods presented. NOTE 3 - COMMITMENTS AND CONTINGENCIES Synox is the exclusive licensee of certain technology and know-how under a license agreement with a company controlled by certain affiliates of the Company. The agreement covers 15 states in the license territory. Under the terms of its license agreement (as amended), Synox is subject to minimum royalty provisions and to the maintenance of a $50,000 net worth and the performance of other material provisions of the license agreement. Minimum annual royalties (based upon retaining the 15 states currently under the agreement) are due each January 1, for the ensuing calendar year through the license expiration, according to the following schedule. The license agreement was amended on December 22, 1997 to change the expiration date of the license and to provide that no minimum royalty payment would be due on January 1, 1998, but that such minimum royalty payments would resume on January 1, 1999, in accordance with the following schedule.
DUE DATE AMOUNT January 1, 1999 $ 90,336 January 1, 2000 180,671 January 1, 2001 180,671 January 1, 2002 through 2009 225,839
Pursuant to the merger agreement between Old Enviroq and Synox, the stockholders of Synox at the time of the merger received Old Enviroq shares valued at $672,000 in the aggregate plus the right to receive additional shares of Old Enviroq, dependent on the earnings of Synox, up to a maximum value of $2,017,000. In addition, the then existing obligations of Synox under promissory notes to certain shareholders ($767,376 at December 30, 1991 plus additional interest at 7.66%) shall become payable by Synox in cash only after such time as (i) all the contingent shares have been issued and (ii) accumulated retained earnings are available for such payment. Interest shall become payable only to the extent of available net earnings. As a result of the Distribution of Company shares referred to in Note 2.A above, the obligation to issue contingent shares became an obligation of the Company to issue its shares in lieu of Old Enviroq shares. To the extent additional contingent shares become issuable in the future or additional obligations become payable in the future, such consideration will be recorded at that time at its fair value and accounted for as additional intangible assets. The Company and Replico Development Company, Inc. ("Replico") each own 50% of the outstanding capital stock of Sprayroq, and pursuant to the Stockholder Agreement dated as of March 25, 1992 between the Company (as successor to Old Enviroq), Sprayroq and Replico, the parties agreed to vote their respective shares to elect three directors designated by the Company and two directors designated by Replico. Sprayroq has obtained its operating funds primarily from the Company. Prior to October 15, 1996, the Company had made loans to Sprayroq to fund the working capital and other needs of Sprayroq. On October 15, 1996, the board of directors of Sprayroq voted to restructure and consolidate this debt with the Company, and a Consolidated Note 8 9 evidencing the restructured debt was executed on October 21, 1996 by Sprayroq. As of June 27, 1998, the principal amount of the debt was approximately $487,000. The rate of interest on the debt is 7% per annum. The debt will be amortized over a 30-year period, with the balance of the principal due, in the form of a "balloon" payment, on October 1, 2001. * * * * * 9 10 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS RESULTS OF OPERATIONS Revenue For the three months ended June 27, 1998, the Company generated revenues of approximately $363,000, as compared to approximately $313,000 for the three months ended June 28, 1997, representing an increase of approximately 16%. The increase in revenues for the three-month period is primarily attributable to an increase in orders for materials from Sprayroq's licensees. Cost of Revenues / Gross Profit Cost of revenues were approximately $180,000 for the three months ended June 27, 1998, as compared to approximately $201,000 for the three months ended June 28, 1997, representing a decrease of approximately 10%. Cost of revenues for the three-month period decreased primarily as all revenues for the three month period ended June 27, 1998 were derived from orders for materials and parts from Sprayroq's licensees, which resulted in higher gross profit margins, whereas a portion of the revenues for the period ended June 28, 1997 were derived from the sale of a license, which resulted in lower gross profit margins. Gross profit margin was approximately 50% for the three months ended June 27, 1998, as compared to approximately 36% for the three months ended June 28, 1997. Selling, General and Administrative Expenses Selling, General and Administrative Expenses ("S,G&A") for the three months ended June 27, 1998 were approximately $175,000, as compared to approximately $177,000 for the three months ended June 28, 1997, a decrease of approximately 1%. The decrease in S,G&A for the three month period is marginal. Other Income Other income was approximately $36,000 for the three months ended June 27, 1998, as compared to approximately $32,000 for the three months ended June 28, 1997. For the three month period ended June 27, 1998, most of the other income resulted from interest income and accrued interest receivable by the Company from its bank cash deposits, money market accounts, and other investments. Net Income (Loss) For the three months ended June 27, 1998, net income was approximately $32,000, as compared to net loss of approximately $28,000 for the three months ended June 28, 1997. The increase in net income for the three months ended June 27, 1998 was primarily attributable to increased revenues and improved gross profit margins. Financial Condition For the three months ended June 27, 1998, stockholders' equity increased as compared to the preceding quarter ended March 28, 1998, primarily as a result of increases in net income. At June 27, 1998, the Company had approximately $2,726,000 in working capital and a current ratio of 18.4-to-1, as compared to working capital of approximately $2,820,000 and a current ratio of 40.2-to-1 at March 28, 1998. 10 11 At June 27, 1998, the Company's cash and cash equivalents totaled approximately $2,536,000. In addition, accounts receivable totaled approximately $115,000. The Company used approximately $9,000 in cash from operating and investing activities during the three month period ended June 27, 1998, primarily as a result of increases in accounts receivable and inventories as well as costs related to the Agreement and Plan of Reorganization, dated April 22, 1998, by and among the Company and other entities. Depreciation expense was approximately $2,000 for the three months ended June 27, 1998. Net fixed assets were approximately the same on March 28, 1998 and June 27, 1998. The lack of change in net fixed assets is attributable to the purchase of equipment offsetting the accumulated depreciation. The Company does not believe that there is any appreciable seasonal impact on the business of the Company, although extreme cold weather may impair installation of spray-applied materials which may result in decreased resin sales by Sprayroq*. The Company's undeveloped property in Jacksonville, Florida (approximately 10.6 acres) is currently being offered for sale, which may result in an increase in the Company's cash*. Operating cash flow combined with available cash and cash equivalents are currently expected to be sufficient in amount to provide resources to the Company's working capital needs during fiscal year 1999*. 11 12 PART II - OTHER INFORMATION ITEM 1 - Legal Proceedings None. ITEM 2 - Changes in Securities None. ITEM 3 - Defaults upon Senior Securities None. ITEM 4 - Submission of Matters to a Vote of Security Holders None. ITEM 5 - Other Information On July 14, 1998, the Company entered into an Agreement for Sale and Purchase of Property with L.J. Development Group, Inc. for the sale of the Company's real property located on Phillips Highway in Jacksonville, Florida (the "Land Agreement"). The total purchase price is $4.00 per net square foot of the approximately 10.6 acres, less any property subsequently determined to be "Jurisdictional Lands" as defined in the Land Agreement. The closing of the sale is subject to several terms and conditions as provided in the Land Agreement. 12 13 ITEM 6 - Exhibits and Reports on Form 8-K (a) The following exhibits are included or are incorporated by reference into this Form 10-QSB: Description of Exhibits
Item *3.01 Certificate of Incorporation of New Enviroq Corporation. Exhibit 3.01 to the Company's Registration Statement on Form 10-SB/A2 dated April 12, 1995, is incorporated herein by reference (Commission File No. 0-25528). *3.02 Certificate of Amendment to Certificate of Incorporation of New Enviroq Corporation. Exhibit 3.02 to the Company's Registration Statement on Form 10-SB/A2 dated April 12, 1995, is incorporated herein by reference (Commission File No. 0-25528). *3.03 Bylaws of New Enviroq Corporation. Exhibit 3.03 to the Company's Registration Statement on Form 10-SB/A2 dated April 12, 1995, is incorporated herein by reference (Commission File No. 0-25528). *4.01 Certificate of Designation of Rights and Preferences of Series A Preferred Stock. Exhibit 4.01 to the Company's Registration Statement on Form 10-SB/A2 dated April 12, 1995 , is incorporated herein by reference (Commission File No. 0-25528). *4.02 Form of Certificate of Common Stock. Exhibit 4.02 to the Company's Registration Statement on Form 10-SB/A2 dated April 12, 1995, is incorporated herein by reference (Commission File No. 0-25528). *4.03 Form of Certificate of Series A Preferred Stock. Exhibit 4.03 to the Company's Registration Statement on Form 10-SB/A2 dated April 12, 1995, is incorporated herein by reference (Commission File No. 0-25528). *4.04 Stock Agreement, dated April 22, 1998, by and among certain shareholders of the Company, Institutional Asset Management, Inc., and Capital Research Corporation. Exhibit 4 to the Report on form 8-K, dated April 23, 1998, is incorporated herein by reference (Commission File No. 0-25528). *10.26 Agreement and Plan of Reorganization by and among Intrepid Capital Corporation, the Company, Freedom Holdings of Alabama, Inc., Institutional Asset Management, Inc., IAM Merger Sub, Inc. Capital Research Corporation, and CRC Merger Sub, Inc. dated as of April 22, 1998. Exhibit 2 to the Report on Form 8-K, dated April 23, 1998, is incorporated herein by reference (Commission File No. 0-25528). 27.0 Financial Data Schedule
* Exhibits incorporated by reference. (b) Reports on Form 8K filed during the period: On April 23, 1998, the Company filed a Current Report on Form 8-K with the Securities and Exchange Commission. In this Form 8-K, the Company disclosed, pursuant to Item 5, that the Company had entered into an Agreement and Plan of Reorganization, dated as of April 22, 1998, by 13 14 and among Enviroq Corporation, Institutional Asset Management, Inc., Capital Research Corporation, Intrepid Capital Corporation and certain other entities. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical factual information, the matters and statements discussed, made or incorporated by reference in this Quarterly Report on Form 10-QSB (including statements regarding trends in the industry and the business and growth and financing strategies of the Company), as well as those statements specifically designated with an asterisk (*), constitute forward-looking statements, contain the words "estimates," "projects," "intends," "believes," "anticipates," "expects," and words of similar import, are based upon current expectations and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements and words involve known and unknown assumptions, risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or words. Such assumptions, risks, uncertainties and factors include those associated with general economic and business conditions; industry trends, cyclicality and seasonality; litigation arising in the course of the Company's business; dependence on key personnel and favorable relationships with employees; relationships with and dependence on customers, and suppliers; changes in the business strategy or development plans of the Company; the availability, terms and deployment of capital; changes in or the failure to comply with government regulations; and the inability or failure to identify or consummate successful acquisitions or to assimilate the operations of any acquired businesses with those of the Company; and other assumptions, risks, uncertainties and factors reflected from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligation to update any forward-looking statements as a result of developments occurring after the filing of this report. SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ENVIROQ CORPORATION Date: August 11, 1998 By: /s/ William J. Long ---------------------------------- William J. Long, President and Chief Executive Officer (Principal Financial and Accounting Officer) 14 EX-27.0 2 FINANCIAL DATA SCHEDULE
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 27, 1998 UNAUDITED FINANCIAL STATEMENTS OF ENVIROQ CORPORATION AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 3-MOS MAR-27-1999 MAR-29-1998 JUN-27-1998 2,536,387 0 115,344 0 173,393 2,882,631 414,500 55,174 3,391,525 156,918 0 0 0 10,094 3,234,607 3,391,525 362,815 362,815 180,310 175,413 0 0 (35,766) 48,858 17,159 31,699 0 0 0 31,699 0.03 0.03
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