Vuzix (VUZI) 8-K Other Events

8

Exhibit 99.1

VUZIX CORPORATION

CONDENDSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	September 30, 2014			Pro Forma Adjustments			Pro Forma September 30, 2014
ASSETS
Current Assets
Cash and Cash Equivalents	$	564,302			24,560,000		$	25,124,302
Accounts Receivable		117,479						117,479
Inventories, Net		1,081,439						1,081,439
Prepaid Expenses and Other Assets		233,086						233,086
Total Current Assets		1,996,306			24,560,000			26,556,306
Tooling and Equipment, Net		415,009						415,009
Patents and Trademarks, Net		524,547						524,547
Software Development Costs, Net		884,351						884,351
Debt Issuance Costs, Net		124,228						124,228
Total Assets	$	3,944,441			24,560,000		$	28,504,441
LIABILITIES AND STOCKHOLDERS’ (DEFICIT)
Current Liabilities
Accounts Payable	$	1,741,994					$	1,741,994
Notes Payable		89,677						89,677
Current Portion of Long-term Debt, net of discount		98,106						98,106
Current Portion of Capital Leases		21,792						21,792
Customer Deposits		177,261						177,261
Accrued Interest		64,800						64,800
Accrued Expenses		634,308						634,308
Income and Other Taxes Payable		46,800						46,800
Total Current Liabilities		2,874,738						2,874,738
Long-Term Liabilities
Long Term Derivative Liability		9,920,807			(8,384,127	)		1,536,680
Long Term Portion of Term Debt, net of discount		1,067,827						1,067,827
Long Term Portion of Capital Leases		-						-
Long Term Portion of Accrued Interest		54,257						54,257
Total Long-Term Liabilities		11,042,891			(8,384,127	)		2,658,764
Total Liabilities		13,917,629			(8,384,127	)		5,533,502
Commitments and Contingencies
Stockholders’ Equity (Deficit)
Preferred Stock — $.001 Par Value, 5,000,000 Shares Authorized; 0 Shares Issued and Outstanding September 30, 2014, 49,626 shares issues and outstanding Pro Forma September 30, 2014		—			4,962			4,962
Common Stock — $.001 Par Value, 100,000,000 Shares Authorized, 10,813,363 Shares Issued and Outstanding		10,817						10,817
Additional Paid-in Capital		27,858,832			32,939,165			60,797,997
Accumulated (Deficit)		(37,842,837	)					(37,842,837	)
Total Stockholders’ Equity (Deficit)		(9,973,188	)		32,944,127			22,970,939
Total Liabilities and Stockholders’ Equity	$	3,944,441			24,560,000		$	28,504,441