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Previous: NETWORK SYSTEMS INTERNATIONAL INC, 8-K/A, EX-99.2, 2001-01-19 |
Next: QUALITY PRODUCTS INC, SC 13D/A, 2001-01-19 |
<PAGE> 1
NETWORK SYSTEMS INTERNATIONAL, INC.
PRO FORMA STATEMENT OF OPERATIONS
YEAR ENDED SEPTEMBER 30, 1999
EXHIBIT 99.3
<TABLE>
<CAPTION>
HISTORICAL DEBIT CREDIT PRO FORMA
---------- ----- ------ ---------
<S> <C> <C> <C> <C> <C>
Revenues 14,249,657 A 14,249,657 --
Cost of sales and operations 13,831,219 A 13,831,219 --
---------- --------
Operating loss 418,438 --
--
Other income (expense) (58,594) A 58,594 --
---------- --------
Loss from continuing
operations, before taxes 359,844
--
Income tax benefit 73,549 A 73,549 --
---------- --------
Loss from continuing operations 286,295 --
--
Discontinued operations, net --
---------- ---------
Net loss 286,295 --
Dividends on preferred stock 48,813 48,813
---------- ---------
Loss applicable to common shares 237,482 (48,813)
========== =========
Earnings (loss) per common share, basic and diluted:
Continuing operations $ 0.03 $ (0.01)
Discontinued operations -- --
---------- -----------
$ 0.03 $ (0.01)
========== ===========
</TABLE>
10
<PAGE> 2
NETWORK SYSTEMS INTERNATIONAL, INC.
PRO FORMA STATEMENT OF OPERATIONS
YEAR ENDED SEPTEMBER 30, 1999
EXHIBIT 99.3
(Continued)
<TABLE>
<CAPTION>
DEBIT CREDIT
----- ------
<S> <C> <C>
[A]
Revenues 14,249,657
Cost of sales and operations 13,831,219
Other income (expense) 58,594
Income tax benefit 73,549
Discontinued operations, net 286,295
</TABLE>
To reclassify results of operations to discontinued operations.
11
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