Summer Infant (SUMR) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.3

Kiddopotamus and Company

Condensed Balance Sheet (Unaudited)

(In thousands of dollars)

	March 31, 2008		March 31, 2007
ASSETS
CURRENT ASSETS
Cash			$	34
Trade receivables, net of allowance for doubtful accounts of $198 as of March 31, 2008 and $199 as of March 31, 2007	$	2,284	2,389
Inventory	3,258		1,419
Prepaids and other current assets	470		932
Deferred tax assets	268		269
TOTAL CURRENT ASSETS	6,280		5,043
Property and equipment, net	48		55
Goodwill	49		49
Other intangible assets, net	52		33
Other assets	2		2
TOTAL ASSETS	$	6,431	$	5,182
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Line of credit	$	218	$	790
Accounts payable and accrued expenses	1,125		881
TOTAL CURRENT LIABILITIES	1,343		1,671
Deferred tax liabilities	25		25
TOTAL LIABILITIES	1,368		1,696
STOCKHOLDERS’ EQUITY
Series A Convertible Preferred Stock; par value of $.01; 5,000,000 shares authorized, 4,090,021 shares issued and outstanding.	41		41
Common stock, par value of $.01 per share; 10,000,000 shares authorized, 5,000,000 shares issued and outstanding	50		50
Additional paid-in capital	2,357		2,357
Retained earnings	2,615		1,038
TOTAL STOCKHOLDERS’ EQUITY	5,063		3,486
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	6,431	$	5,182

F-1

Kiddopotamus and Company

Condensed Statement of Income (Unaudited)

(In thousands of dollars)

	Three Months Ended March 31, 2008			Three Months Ended   March 31, 2007
Net revenues	$	3,789		$	3,189
Cost of goods sold	2,245			1,912
GROSS PROFIT	1,544			1,277
Selling, general & administrative expenses	758			696
OPERATING INCOME	786			581
OTHER INCOME (EXPENSE)
Interest expense	(27		)	(13		)
Other income	64
INCOME BEFORE PROVISION FOR INCOME TAXES	823			568
Income tax expense	262			224
NET INCOME	$	561		344

F-2

Kiddopotamus and Company

 Statements of Cash Flows

 (Dollars in thousands)

	Three Months Ended
	March 31, 2008			March 31, 2007
Cash flows from operating activities:
Net income	$	561		$	344
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization	6			6
Deferred taxes	—			—
Changes in assets and liabilities
Increase in trade receivables	(14		)	(836		)
Increase (decrease) in inventory	(26		)	254
Increase in accounts payable and accrued expenses	392			314
Decrease (increase) in prepaids and other current assets	562			(365		)
Net cash provided by (used in) operating activities	1481			(283		)
Cash flows from investing activities:
Acquisitions of property and equipment	(8		)	(33		)
Acquisitions of intangible assets	—			—
Cash used in investing activities	(8		)	(33		)
Cash flows from financing activities:
Net borrowings (repayments) on line of credit	(1532		)	280
Net cash (used in) provided by financing activities	(1532		)	280
Net decrease in cash	(59		)	(36		)
Cash at beginning of period	59			70
Cash at end of period	$	0		$	34

See notes to financial statements

F-3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying interim condensed financial statements of Kiddopotamus and Company are unaudited, but in the opinion of management, reflect all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of the results for the interim periods. Accordingly, they do not include all information and notes required by generally accepted accounting principles for complete financial statements. The results of operations for interim periods are not necessarily indicative of results to be expected for the entire fiscal year or any other period. These interim financial statements should be read in conjunction with the Company’s financial statements and notes for the year ended December 31, 2007 elsewhere in this document.

F-4