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<PAGE>
Exhibit 99.3
MANGOSOFT, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED PRO FORMA CONDENSED COMBINED INCOME STATEMENT INFORMATION
FOR THE SIX MONTHS ENDED JUNE 30, 1999
<TABLE>
<CAPTION>
MangoSoft, MangoSoft Pro Forma Pro Forma
Inc. Corporation Adjustments Combined
---- ----------- ----------- --------
<S> <C> <C> <C> <C>
Revenues $ -- $ 7,991 $ -- $ 7,991
Cost of revenues -- 363 -- 363
-------- ----------- ---------- -----------
Gross margin -- 7,628 -- 7,628
Costs and expenses:
Research and development -- 2,097,751 -- 2,097,751
Selling and marketing -- 59,625 -- 59,625
General and administrative 638 1,319,479 (100) A 1,320,017
Consulting fees to related parties -- 19,603 -- 19,603
-------- ----------- ---------- -----------
Total costs and expenses 638 3,496,458 (100) 3,496,996
Loss from operations (638) (3,488,830) (100) (3,489,368)
Interest income -- 3,271 -- 3,271
Interest expense:
Related parties -- (166,109) 166,109 B --
Other parties -- (76,833) 65,731 B (11,102)
-------- ----------- ---------- -----------
Total interest expense -- (242,942) 166,109 (11,102)
Other expense, net -- (715) -- (715)
-------- ----------- ---------- -----------
Net loss (income) (638) (3,729,216) 166,209 (3,497,914)
Accretion of redeemable preferred stock -- (1,413,692) 1,413,692 C --
-------- ----------- ---------- -----------
Net loss applicable to common stockholders $ (638) $(5,142,908) $1,579,901 $(3,497,914)
======== =========== ========== ===========
Net loss per common share - basic and diluted $ (0.00) $ (6.76) $ (0.19)
======== =========== ===========
Weighted average shares outstanding - basic and
diluted 908,300 761,250 18,883,998
======== =========== ===========
</TABLE>
<PAGE>
NOTES TO THE JUNE 30, 1999 UNAUDITED PRO FORMA CONDENSED COMBINED INCOME
STATEMENTS
A To eliminate MangoSoft, Inc.'s amortization of organizational costs.
B To eliminate the interest expense as a result of the conversion of the 12%
senior secured convertible notes into common stock at the time of the
merger.
C To eliminate the accretion of the redeemable convertible preferred stock,
which were converted into common shares of MangoSoft, Inc. at the time of
the merger.
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