Exhibit 99.3
INTERGY CORPORATION & SUBSIDIARY
Statements of Income
For the Three Months Ended March 31, 2008 and March 31, 2007
(unaudited)
| | Three Months Ended | |
| | March 31, | | March 31, | |
| | 2008 | | 2007 | |
| | | | | |
Revenue | | | | | |
Contract revenue | | $ | 2,092,115 | | $ | 1,273,706 | |
Expense reimbursements | | 2,722 | | 26,191 | |
| | 2,094,837 | | 1,299,897 | |
| | | | | |
Direct costs | | | | | |
Subcontractors | | 528,376 | | 119,309 | |
Employee salaries | | 504,540 | | 343,061 | |
Other direct overheads | | 404,517 | | 66,587 | |
| | 1,437,433 | | 528,957 | |
| | | | | |
Gross profit | | 657,404 | | 770,940 | |
| | | | | |
Selling, general & administrative expenses | | 183,701 | | 105,961 | |
| | | | | |
Income from operations | | 473,703 | | 664,979 | |
| | | | | |
Other income | | | | | |
Interest | | 3,111 | | 2,552 | |
| | | | | |
Income before tax expense | | 476,814 | | 667,531 | |
| | | | | |
Income tax expense | | | | | |
CA Franchise Tax | | (6,731 | ) | (10,813 | ) |
| | | | | |
Net income | | $ | 470,083 | | $ | 656,718 | |
INTERGY CORPORATION & SUBSIDIARY
Statements of Cash Flows
For the Three Months Ended March 31, 2008 and March 31, 2007
(unaudited)
| | Three Months Ended | |
| | March 31, | | March 31, | |
| | 2008 | | 2007 | |
| | | | | |
Cash flows from operating activities | | | | | |
Net income | | $ | 470,083 | | $ | 656,718 | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | |
Depreciation & amortization | | 4,266 | | 3,172 | |
Changes in assets and liabilities | | | | | |
Accounts receivable | | 39,909 | | (242,745 | ) |
Other current assets | | 1,625 | | (1,000 | ) |
Other assets | | (1,010 | ) | — | |
Accounts payable and other current liabilities | | 119,178 | | 46,199 | |
Net cash provided by operating activities | | 634,051 | | 462,344 | |
| | | | | |
Cash flows from investing activities | | | | | |
Purchase of fixed assets | | (7,117 | ) | (5,958 | ) |
Net cash used by investing activities | | (7,117 | ) | (5,958 | ) |
| | | | | |
Cash flows from financing activities | | | | | |
Shareholder distributions | | — | | (34,852 | ) |
Net cash used by financing activities | | — | | (34,852 | ) |
| | | | | |
Increase in cash | | $ | 626,934 | | $ | 421,534 | |
| | | | | |
Cash at beginning of period | | $ | 126,647 | | $ | 85,325 | |
| | | | | |
Cash at end of period | | $ | 753,581 | | $ | 506,859 | |