Exhibit 99.2
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
CERTIFICATION
I, Steven J. Hixson, President of AnyWhere MD, Inc. on this 4th day of May, 2007 hereby certify that the 1st Quarter, January through March 31, 2007 financial statements filed herewith and all the notes thereto, fairly represent in all aspects, the financial position and results of operations for the periods presented in conformity with accounting principles generally accepted (GAAP) in the United States.
The undersigned hereby states that he has read the information set forth herein above, and attests hereby to the best of his knowledge and belief; such information is true and correct.
Signed this 4th day of May 2007
AnyWhere MD, Inc
/s/ Steven J. Hixson
ANYWHERE MD, INC
PROFIT & LOSS
UNAUDITED
JANUARY THROUGH MARCH 31 2007
Jan - Mar | ||||
'07 | ||||
Income | ||||
4000 - Income | ||||
Data Base | 850.00 | |||
Forms | 757.30 | |||
Hardware | 5,837.00 | |||
Shipping | 1,935.43 | |||
Software | 95,427.10 | |||
Tech Support | 59,647.00 | |||
4000 Income - Other | 5,535.00 | |||
Total 4000 Income | 169,988.83 | |||
Total Income | 169,988.83 | |||
Cost of Goods Sold | ||||
5000 Cost of Goods Sold | 12,841.11 | |||
Total COGS | 12,841.11 | |||
Gross Profit | 157,147.72 | |||
Expense | ||||
6100 Advertising | 261.12 | |||
6110 Automobile Expense | 3,891.00 | |||
6120 Service Charges | 1,418.81 | |||
6140 Contributions | 1,633.07 | |||
6160 Dues and Subscriptions | 2,382.24 | |||
6165 Employee Benefits | 739.12 | |||
6180 Insurance | 9,397.16 | |||
6200 Interest Expense | 66.68 | |||
6210 Janitorial | 806.26 | |||
6215 Lease Payments | 1,398.12 | |||
6220 Legal & Professional | -153.94 | |||
6230 License & Permits | 117.50 | |||
6235 Maintenance & Repairs | 673.14 | |||
6245 Payroll | 60,873.67 | |||
6247 Payroll Tax Expense | 8,216.50 | |||
6250 Postage & Shipping | 2,836.38 | |||
6280 Refunds | 796.00 |
6290 Rent | 13,714.44 | |||
6300 Supplies | 1,865.08 | |||
6330 Taxes | 2,232.00 | |||
6340 Telephone | 9,371.98 | |||
6350 Travel & Entertainment | 1,168.96 | |||
6390 Utilities | 2,566.54 | |||
Total Expense | 126,271.83 | |||
Net Income | 30,875.89 |
ANYWHERE MD, INC
BALANCE SHEET
UNAUDITED
JANUARY THROUGH MARCH 31 2007
Mar 31, | |||||||
'07 | |||||||
ASSETS | |||||||
Current Assets | |||||||
Checking/Savings | |||||||
1002 Cash In Bank Credit Cards | 468.46 | ||||||
1000 Cash In Bank | 94.12 | ||||||
1010 Petty Cash | 200.00 | ||||||
Total Checking/Savings | 762.58 | ||||||
Other Current Assets | |||||||
1250 Accounts Receivable Shareholder | 100,872.48 | ||||||
1300 Inventory | |||||||
Forms | 1,843.24 | ||||||
1300 Inventory - Other | 1,855.41 | ||||||
Total 1300 Inventory | 3,698.65 | ||||||
Total Other Current Assets | 104,571.13 | ||||||
Total Current Assets | 105,333.71 | ||||||
Fixed Assets | |||||||
1500 Equipment | 6,732.63 | ||||||
Total Fixed Assets | 6,732.63 | ||||||
Other Assets | |||||||
1550 A/D Equipment | -6,622.00 | ||||||
1450 Cash Clearing | 26,705.83 | ||||||
Total Other Assets | 20,083.83 | ||||||
TOTAL ASSETS | 132,150.17 | ||||||
LIABILITIES & EQUITY | |||||||
Liabilities | |||||||
Current Liabilities | |||||||
Accounts Payable | |||||||
2000 Accounts Payable | 34,741.89 |
Total Accounts Payable | 34,741.89 | |||
Credit Cards | ||||
Amex | 523.37 | |||
Total Credit Cards | 523.37 | |||
Other Current Liabilities | ||||
2050 Loans Payable | 97,408.24 | |||
2201 Accrued Sales Tax | 429.69 | |||
Total Other Current Liabilities | 97,837.93 | |||
Total Current Liabilities | 133,103.19 | |||
Total Liabilities | 133,103.19 | |||
Equity | ||||
3001 Capital Stock | 200.00 | |||
3999 P & L Summary | -44.00 | |||
3900 Retained Earnings | -31,984.91 | |||
Net Income | 30,875.89 | |||
Total Equity | -953.02 | |||
TOTAL LIABILITIES & EQUITY | 132,150.17 |
AnyWhere MD, Inc.
Statements of Cash Flows
January through March 31 2007
(unaudited)
January through March 31, 2007
Operating Activities
Net Income (Loss ) | $ | 30,875.89 | ||
Gross Revenues | $ | 157,147.72 | ||
Cost of doing business | $ | 126,271.83 | ||
Net Change in Cash | $ | (2,789.39 | ) | |
Beginning Cash Balance | $ | 3,551.97 | ||
Ending Cash Balance | $ | 762.58 |
__________________________________________________________________________
Significant non cash transactions
None
Statement of Stockholders' Equity | |||||||||||
For Period ending March 31, 2007 | |||||||||||
(Unaudited) |
Statements of Stockholders' Equity | ||||||||||||||||
March 31, 2006 | ||||||||||||||||
Common Stock | Paid in | Accumulated | Total | |||||||||||||
Shares | Amount Capital | Deficit | Equity | |||||||||||||
Founder's Stock | ||||||||||||||||
at $0.00128 per share | 5,007,000 | $ | 5,007 | $ | 1,495 | $ | 6,502 | |||||||||
Officer Contributed Services | 4,000 | 4,000 | ||||||||||||||
Net (Loss) | $ | (2,223 | ) | (2,223 | ) | |||||||||||
Balance, March 31, 2003 | 5,007,000 | 5,007 | 5,495 | (2,223 | ) | 8,279 | ||||||||||
Officer Contributed Services | 12,000 | 12,000 | ||||||||||||||
Net (Loss) | (15,923 | ) | (15,923 | ) | ||||||||||||
Balance, March 31, 2004 | 5,007,000 | 5,007 | 17,495 | (18,146 | ) | 4,356 |
Officer Contributed Services | 3,000 | 3,000 | ||||||||||||||
Net (loss) | (5,171) | (5,171) | ||||||||||||||
Balance, Dec 31, 2004 | 5,007,000 | 5,007 | 20,495 | (23,317 | ) | 2,185 | ||||||||||
Balance March 31st, 2005 | 200,000,000 | 0.00010676 | ||||||||||||||
Net Income | $ | 21,352.99 | ||||||||||||||
Balance June 30, 2005 | 200,000,000 | (0.00000243 | ) | |||||||||||||
Net Income | (487.15 | ) | ||||||||||||||
Balance September 30, 2005 | 200,000,000 | 0.00005519 | ||||||||||||||
Net Income | 11,038.50 | |||||||||||||||
Balance December 31, 2005 | 200,000,000 | 0.00009113 | ||||||||||||||
Net Income | 18,227.73 | |||||||||||||||
Balance March 31, 2006 | 200,000,000 | (00002393 | ) | |||||||||||||
Net Income | (4,787.32 | ) | ||||||||||||||
Balance June 30, 2006 | 200,000,000 | 0.00009112 | ||||||||||||||
Net Income | (19,796.45 | ) | ||||||||||||||
Balance September 30, 2006 | 200,000,000 | (.00009898 | ) | |||||||||||||
Net Income | (16,637.69 | ) | ||||||||||||||
Balance December 31 2006 | 200,000,000 | (.00008318 | ) | |||||||||||||
Net Income | 30,875.89 | |||||||||||||||
Balance March 31 2007 | 200,000,000 | .000015437 |
Anywhere MD, Inc
NOTES TO FINANCIAL STATEMENTS January through March 31 2007
NOTE 1. GENERAL ORGANIZATION AND BUSINESS
Anywhere MD, Inc predecessor. (the Company) was incorporated under the laws of the state of Nevada on December 6, 2002.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES
Accounting Basis The basis is accounting principles generally accepted in the United States of America.
Earnings (Loss) per Share
The basic earnings (loss) per share is calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company's net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. The Company has no potentially dilutive shares outstanding. Therefore the basic and dilutive are the same.
Dividends
The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the periods shown.
Income Taxes
The provision for income taxes is the total of the current taxes payable and the net of the change in the deferred income taxes. Provision is made for the deferred income taxes where differences exist between the period in which transactions affect current taxable income and the period in which they enter into the determination of net income in the financial statements.
Stock Based Compensation
The Company accounts for its stock based compensation based on provisions in SFAS No. 123, Accounting for Stock-Based Compensation which utilizes the fair method for the valuation of its securities given as compensation. The Company currently has no Stock Based
Compensation program.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Revenue - Revenue for sales is recorded when the product is shipped to the customer
Notes to Financial Statements - Continued
NOTE 3. RELATED PARTY TRANSACTIONS
The officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities becomes available, he may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.
NOTE 4. PROVISION FOR INCOME TAXES
The Company provides for income taxes under Statement of Financial Accounting Standards NO. 109, Accounting for Income Taxes. SFAS No. 109 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse.
The total deferred tax asset is calculated by multiplying a 15% estimated tax rate by the items making up the deferred tax account, the NOL.
NOTE 5. THE EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS
Below is a listing of the most recent accounting standards and their effect on the Company. SFAS 148 Accounting for Stock-Based Compensation-Transition and Disclosure
Amends FASB 123 to provide alternative methods of transition for an entity that voluntarily changes to the fair value based method of accounting for stock-based employee compensation.
SFAS 149 Amendment of Statement 133 on Derivative Instruments and Hedging Activities
This Statement amends and clarifies financial accounting and reporting for derivative instruments, including certain derivative instruments embedded in other contracts (collectively referred to as derivatives) and for hedging activities under FASB Statement NO. 133, Accounting for Derivative Instruments and Hedging Activities.
SFAS 150 Financial Instruments with Characteristics of both Liabilities and Equity
This Statement requires that such instruments be classified as liabilities in the balance sheet. SFAS 150 is effective for financial instruments entered into or modified after May 31, 2003.
Interpretation No. 46 (FIN 46)
Effective January 31, 2003, The Financial Accounting Standards Board requires certain variable interest entities to be consolidated by the primary beneficiary of the entity if the equity investors in the entity do not have the characteristics of a continuing financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The Company has not invested in any such entities, and does not expect to do so in the foreseeable future.
The adoption of these new Statements is not expected to have a material effect on the Company's financial position, results or operations, or cash flows.