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<PAGE> 1
EXHIBIT A
WAVETECH, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
APRIL 11, 1996 (UNAUDITED)
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ASSETS
<TABLE>
<CAPTION>
April 11,
1996
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<S> <C>
Current assets:
Cash and Cash equivalents $1,617,402.81
Other Current Assets 4,397.69
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Total Current Assets 1,621,800.50
Property and equipment, net 535,049.06
Other Assets:
Deposits 64,717.93
Other Assets 12,100.00
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Total Other Assets 76,817.93
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Total Assets $2,233,667.49
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LIABILTIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued expenses $ 97,486.14
Capital Leases 14,979.92
Notes payable, current 53,638.86
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Total Current Liabilities 166,104.92
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Stockholders' equity:
Common stock, par value $.001 per share; 1,503,015.58
50,000,000 shares authorized, and
12,509,246 shares issued and outstanding
Additional paid in capital 2,739,791.87
Retained earnings (accumulated deficit) (2,175,244.88)
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Total stockholders' equity (deficit) 2,067,562.57
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Total liabilities and stockholders' equity $2,233,667.49
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