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Previous: PERMA FIX ENVIRONMENTAL SERVICES INC, 8-K/A, EX-99.1, 2000-11-14 |
Next: PERMA FIX ENVIRONMENTAL SERVICES INC, 8-K/A, EX-99.3, 2000-11-14 |
<TABLE>
<CAPTION>
Diversified Scientific Services, Inc.
(a wholly owned subsidiary of Waste Management, Inc.)
Balance Sheet
June 30, December 31,
2000 1999
(Amounts in Thousands) (unaudited)
___________________________________________________________________________________
<S> <C> <C>
ASSETS
Current Assets
Cash $ 221 $ 4
Accounts Receivable, net 3,394 4,604
Inventories and Supplies 445 458
Prepaid Expenses - 23
__________ __________
Total Current Assets 4,060 5,089
Property and Equipment, net 1,865 1,829
__________ __________
Total assets $ 5,925 $ 6,918
========== ==========
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts Payable $ 177 $ 425
Accrued Payroll 156 127
Accrued Disposal and Transportation 1,175 1,390
Other Accrued Liabilities 675 1,281
__________ __________
Total Current Liabilities 2,183 3,223
Long Term Closure 1,150 1,100
Payable to Parent 18,541 18,265
__________ __________
Total Liabilities 21,874 22,588
Stockholders' Deficit
Common Stock - -
Additional Paid-in Capital 8,846 8,846
Accumulated Deficit (24,795) (15,670)
__________ __________
(15,949) (15,670)
__________ __________
Total Stockholders' Deficit (15,949) (15,670)
__________ __________
Total Liabilities and Stockholders' Deficit $ 5,925 $ 6,918
========== ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Diversified Scientific Services, Inc.
(a wholly owned subsidiary of Waste Management, Inc.)
Unaudited Statement of Operations
Three Months Ended Six Months Ended
June 30, June 30,
(Amounts in Thousands Except for Per Share Data) 2000 1999 2000 1999
__________________________________________________________________________________________________
<S> <C> <C> <C> <C>
Revenues $ 1,462 $ 3,732 $ 2,788 $ 5,260
Operating Expenses 1,758 1,752 2,873 3,475
Management Fees 82 - 194 -
_______ _______ _______ _______
Income (Loss) before Taxes (378) 1,980 (279) 1,785
Income Tax Provision - - - -
_______ _______ _______ _______
Net Income (Loss) $ (378) $ 1,980 $ (279) $ 1,785
======= ======= ======= =======
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Diversified Scientific Services, Inc.
(a wholly owned subsidiary of Waste Management, Inc.)
Unaudited Statements of Cash Flows
Six Months Ended
June 30,
_______________________________
Amounts in thousands, Except for Share Amounts 2000 1999
________________________________________________________________________________________________________
<S> <C> <C>
Cash Flows from operating activities:
Net Income (Loss) $ (279) $ 1,785
Adjustments to reconcile net income (loss) to net
Cash provided by operating activities
Depreciation and Amortization 94 173
Change in assets and liabilities
Decrease/(increase) in accounts receivable 1,210 (1,999)
Increase in inventories and supplies 13 (31)
Decrease/(Increase) in prepaid expenses (56) 95
Increase/(decrease) in accounts payable (248) (425)
Increase/(decrease) in accrued payroll 29 92
Increase/(decrease) in accrued disposal/transportation (215) 343
Increase/(decrease) in other accrued liabilities (639) 150
Increase in long term closure reserve 150 50
_________ ________
Net cash provided by operating activities 59 233
_________ ________
Cash Flows from Investing activities
Capital expenditures, net of disposals (130) (139)
_________ ________
Cash Flows from Financing activities
Increase/(Decrease) in payable to parent 288 (106)
_________ ________
Net Increase (Decrease) in cash 217 (12)
_________ ________
Cash, beginning of period 4 16
_________ ________
Cash, ending of period $ 221 $ 4
========= ========
</TABLE>
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