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Previous: GOLDONLINE INTERNATIONAL INC, 8-K, EX-99.1, 2000-11-13 |
Next: GOLDONLINE INTERNATIONAL INC, 8-K, EX-99.3, 2000-11-13 |
<PAGE> 1
GOLDONLINE INTERNATIONAL, INC.
PRO FORMA COMBINED CONSOLIDATED BALANCE SHEET AS OF JULY 31, 2000
EXHIBIT 99.2
(Unaudited)
<TABLE>
<CAPTION>
GOLDONLINE HMS
INTERNATIONAL JEWELRY ADJUSTMENTS PRO FORMA
<S> <C> <C> <C> <C> <C>
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
============================== ==============================
</TABLE>
<PAGE> 2
GOLDONLINE INTERNATIONAL, INC.
PRO FORMA COMBINED CONSOLIDATED BALANCE SHEET AS OF JULY 31, 2000
PRO FORMA ADJUSTMENTS
(Unaudited)
<TABLE>
<CAPTION>
DEBIT CREDIT
<S> <C> <C>
(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
</TABLE>
Record purchase of HMS for cash and debt.
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