Exhibit 99.2
MRI INTERVENTIONS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
March 31, 2019 | Pro Forma Adjustments | Pro Forma March 31, 2019 | ||||||||||
ASSETS | ||||||||||||
Current Assets: | ||||||||||||
Cash and cash equivalents | $ | 2,491,670 | $ | 7,522,011 | (1) | $ | 10,013,681 | |||||
Accounts receivable | 1,266,797 | 1,266,797 | ||||||||||
Inventory, net | 2,024,935 | 2,024,935 | ||||||||||
Operating lease rights of use, current portion | 98,668 | 98,668 | ||||||||||
Prepaid expenses and other current assets | 199,576 | 199,576 | ||||||||||
Total current assets | 6,081,646 | 7,522,011 | 13,603,657 | |||||||||
Property and equipment, net | 498,783 | 498,783 | ||||||||||
Software license inventory | 679,400 | 679,400 | ||||||||||
Operating lease rights of use | 355,176 | 355,176 | ||||||||||
Other assets | 10,639 | 10,639 | ||||||||||
Total assets | $ | 7,625,644 | $ | 7,522,011 | $ | 15,147,655 | ||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Accounts payable | $ | 502,986 | $ | 100,000 | (2) | $ | 602,986 | |||||
Accrued compensation | 667,768 | 667,768 | ||||||||||
Operating lease liabilities, current portion | 104,127 | 104,127 | ||||||||||
Other accrued liabilities | 319,654 | 319,654 | ||||||||||
Deferred revenue | 679,485 | 679,485 | ||||||||||
Total current liabilities | 2,274,020 | 100,000 | 2,374,020 | |||||||||
Accrued interest | 892,125 | 892,125 | ||||||||||
2014 junior secured notes payable, net | 1,944,871 | 1,944,871 | ||||||||||
Operating lease liabilities | 367,061 | 367,061 | ||||||||||
2010 junior secured notes payable, net | 1,704,948 | 1,704,948 | ||||||||||
Total liabilities | 7,183,025 | 100,000 | 7,283,025 | |||||||||
Commitments and contingencies | ||||||||||||
Stockholders’ equity: | ||||||||||||
Preferred stock | — | |||||||||||
Common stock | 110,672 | 24,265 | (1) | 134,937 | ||||||||
Additional paid-in capital | 108,752,502 | 7,397,746 | (1)(2) | 116,150,248 | ||||||||
Accumulated deficit | (108,420,555 | ) | (108,420,555 | ) | ||||||||
Total stockholders’ equity | 442,619 | 7,422,011 | 7,864,630 | |||||||||
Total liabilities and stockholders’ equity | $ | 7,625,644 | $ | 7,522,011 | $ | 15,147,655 |
(1) Reflects the receipt of proceeds of $7,522,011 in the Financing Transaction.
(2) Reflects the costs, estimated to be $100,000, to be incurred in connection with the Financing Transaction.