Collexis (CLXS) 8-K/A Index to Financial Statements of SyynX Solutions GmbH

Exhibit 99.2

Collexis Holdings, Inc. and Subsidiaries

Index to Unaudited Pro Forma Combined Financial Information

	Page
Pro forma Combined Balance Sheet as of September 30, 2007	F-2
Pro forma Combined Statement of Operations for the Three Months Ended September 30, 2007	F-3
Pro forma Combined Statement of Operations for the Three Months Ended September 30, 2006	F-4

The following unaudited pro forma balance sheet as of September 30, 2007 gives effect to the acquisition of SyynX Solutions GmbH (“SyynX”) by Collexis Holdings, Inc. (“we” and “our”) as if the acquisition had occurred on September 30, 2007. The following unaudited pro forma statement of operations for the three months ended September 30, 2007 gives effect to our acquisition of SyynX as if the acquisition had occurred on July 1, 2007.  Our historical financial information has been derived from our audited and unaudited financial statements previously reported. Historical financial information for SyynX has been derived from the financial statements included in this report.

The following unaudited pro forma financial information reflects our accounting for the acquisition of SyynX using the purchase method of accounting. Under the purchase method of accounting, the purchase price that we paid is allocated to the assets acquired, both tangible and intangible, and liabilities that we assumed based upon fair values. Any excess in the purchase price over the fair values of assets and liabilities is recorded as goodwill, which does not require amortization, but is periodically evaluated for impairments. As of the date of this report, the purchase price allocation is preliminary and subject to change based upon the results of valuation procedures. The following unaudited pro forma financial statements reflect our best estimates of the allocation based upon all available information.

The unaudited pro forma financial information is not necessarily indicative of the financial condition or results of operations that we would have achieved had the acquisition occurred on the dates referred to above. In addition, unaudited pro forma operating information is not necessarily indicative of the results of operations that we may achieve after the acquisition.

F-1

Collexis Holdings, Inc. and Subsidiaries

Pro Forma Combined Balance Sheet

September 30, 2007

(unaudited)

	Collexis			SyynX				Adjustments			Pro Forma Combined
Assets
Currents assets
Cash and cash equivalents	$	599,930		$	226,571			$	-		$	826,501
Accounts receivable, net		427,678			440,182	[A	]		(152,381	)		715,479
Prepaid expenses and other current assets		260,978			59,172				-			320,150
Total current assets		1,288,586			725,925				(152,381	)		1,862,130
Property and equipment, net		268,369			54,731				-			323,100
Intangible assets, net		-			104,260	[B],[C	]		4,990,740			5,095,000
Goodwill		-			-	[D	]		2,174,623			2,174,623
Other assets
Security deposit - rent		36,201			-				-			36,201
Other long term assets		71,360			-				-			71,360
Option to purchase SyynX		713,600			-	[E	]		(713,600	)		-
Deferred tax asset		-			25,012	[F	]		(25,012	)		-
Total other assets		821,161			25,012				(738,612	)		107,561
Total Assets	$	2,378,116		$	909,928			$	6,274,370		$	9,562,414
Liabilities and stockholders’ equity
Current liabilities
Accounts payable trade	$	700,194		$	43,799	[A	]	$	(152,381	)	$	591,612
Accrued taxes and expenses		527,141			216,317				-			743,458
Deferred income taxes		-			48,563				-			48,563
Deferred revenue		398,082			-				-			398,082
Current portion - deferred purchase price		-			-	[G	]		2,106,000			2,106,000
Total current liabilities		1,625,417			308,679				1,953,619			3,887,715
Non-current portion - deferred purchase price		-			-	[G	]		4,922,000			4,922,000
Stockholders’ equity
Common stock, par value $0.001; authorized 277,713,000 shares; 63,560,542 shares issued and outstandiing as of September 30, 2007		63,561			35,367	[H	]		(35,367	)		63,561
Additional paid-in-capital		15,998,299			273,573				(273,573	)		15,998,299
Accumulated other comprehensive income		34,952			38,571				(38,571	)		34,952
Accumulated income (deficit)		(15,344,113	)		253,738				(253,738	)		(15,344,113	)
Total shareholders’ equity		752,699			601,249				(601,249	)		752,699
Total Liabilities and Stockholders’ Equity	$	2,378,116		$	909,928			$	6,274,370		$	9,562,414

[A] - Eliminate intercompany balances ($152,381)

[B] - Net intangible asset for Collexis licenses acquired by SyynX in 2005 eliminates in purchase accounting ($102,872), and write down remaining asset ($1,388)

[C] - Write up acquired identifiable intangible assets to fair value ($5,095,000)

[D] - Record excess of purchase price over acquired net assets as goodwill ($2,174,623)

[E] - Exercise of option to purchase SyynX applied in purchase accounting ($713,600)

[F] - Deferred tax asset not assumed ($25,012)

[G] - Purchase price for SyynX payable in installments through October 1, 2010; record present value of future payments, discounted at 8% implied interest rate, of approximately $7,028,000

[H] - Eliminate equity of SyynX not assumed in purchase accounting ($601,249)

* - Pro forma balance sheet is adjusted as if the purchase of SyynX occurred on September 30, 2007. The allocation is preliminary and subject to change for the final allocation of purchase price based upon the completion of valuation procedures.

F-2

Collexis Holdings, Inc. and Subsidiaries

Pro Forma Combined Statement of Operations

For the Three Months Ended September 30, 2007

(unaudited)

	Collexis			SyynX					Adjustments			Pro Forma Combined
Revenue	$	316,716		$	384,270		[A	]	$	(102,758	)	$	598,228
Cost of Sales		235,712			151,093					-			386,805
Gross Profit		81,004			233,177					(102,758	)		314,181
Operating Expenses
General and administrative		1,027,032			30,440		[A	]		(82,207	)		975,265
Sales and marketing		610,703			74,660					-			685,363
Research and development		302,798			63,769		[A	]		(20,552	)		346,015
Other operating expense, net		-			(725	)				-			(725	)
Total operating expenses		1,940,533			168,144					(102,758	)		2,108,677
Operating (loss) income		(1,859,529	)		65,033					-			(1,794,496	)
Other Income (Expense)
Interest (expense), net		-			(226	)				-			(226	)
Other income		9,408			-					-			9,408
Total other income (expense)		9,408			(226	)				-			9,182
(Loss) income before income taxes		(1,850,121	)		64,808					-			(1,785,313	)
Income Tax Expense		-			23,480					-			23,480
Net (Loss) Income	$	(1,850,121	)	$	41,328				$	-		$	(1,808,793	)
Basic and diluted common shares outstanding		61,922,690			-					-			61,922,690
Basic and diluted net income (loss) per share	$	(0.03	)	$	-				$	-		$	(0.03	)

[A] - Eliminate intercompany balances ($102,758)

* - Pro forma statement of operations is adjusted as if the purchase of SyynX occurred on July 1, 2007.

F-3

Collexis Holdings, Inc. and Subsidiaries

Pro Forma Combined Statement of Operations

For the Three Months Ended September 30, 2006

(unaudited)

	Collexis			SyynX					Adjustments			Pro Forma Combined
Revenue	$	327,961		$	297,443		[A	]	$	(91,807	)	$	533,597
Cost of Sales		208,551			118,412					-			326,963
Gross Profit		119,410			179,031					-			298,441
Operating Expenses
General and administrative		715,793			23,120		[A	]		(73,446	)		665,467
Sales and marketing		197,951			35,814					-			233,765
Research and development		182,963			35,530		[A	]		(18,361	)		200,132
Other operating expense, net		-			(4,711	)				-			(4,711	)
Total operating expenses		1,096,707			89,753					(91,807	)		1.094,653
Operating (loss) income		(977,297	)		89,278					-			(888,019	)
Other Income (Expense)
Interest (expense), net		-			(16,999	)				-			(16.999	)
Other income		3,241			-					-			3,241
Total other income (expense)		3,241			(16,999	)				-			(13,758	)
(Loss) income before income taxes		(974,056	)		72,279					-			(901,777	)
Income Tax Expense		-			25,353					-			25,353
Net (Loss) Income	$	(974,056	)	$	46,926							$	$ (927,130	)
Basic and diluted common shares outstanding		13,270,037			-					-			13,270,037
Basic and diluted net income (loss) per share	$	(0.07	)	$	-				$	-		$	(0.07	)

[A] - Eliminate intercompany balances ($91,807)

* - Pro forma statement of operations is adjusted as if the purchase of SyynX occurred on July 1, 2006.

F-4