Intricon (IIN) 8-K Entry into a Material Definitive Agreement

Exhibit 99.1

INTRICON CORPORATION

Pro Forma Consolidated Condensed Balance Sheet

(Unaudited)

As of March 31, 2010	As Reported			Pro Forma Adjustments			Pro Forma
ASSETS
Current assets:
Cash	$	491,486		$	850,000	(1)	$	1,341,486
Restricted cash		321,745			—			321,745
Accounts receivable, less allowance for doubtful accounts of $226,000		7,570,179			—			7,570,179
Inventories		8,297,085			—			8,297,085
Other current assets		598,101			—			598,101
Current assets of discontinued operations		1,242,312			(1,242,312	) (2)		—
Total current assets		18,520,908			(392,312	)		18,128,596
Machinery and equipment		35,933,986			—			35,516,164
Less: Accumulated depreciation		29,205,782			—			29,205,782
Net machinery and equipment		6,728,204			—			6,728,204
Goodwill		9,708,979			—			9,708,979
Investment in partnerships		1,225,278			—			1,225,278
Other assets of discontinued operations		124,245			(124,245	) (2)		—
Other assets, net		1,438,348			—			1,438,348
Total assets	$	37,745,962		$	(516,557	)	$	37,229,405
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Checks written in excess of cash	$	249,461			—		$	249,461
Current maturities of long-term debt		1,714,802			—			1,714,802
Accounts payable		3,878,749			—			3,878,749
Income taxes payable		19,628			—			19,628
Deferred gain		110,084			—			110,084
Partnership payable		260,000			—			260,000
Liabilities of discontinued operations		1,034,169			(1,034,169	) (2)		—
Other accrued liabilities		3,291,447			470,000	(3)		3,761,447
Total current liabilities		10,558,340			(564,169	)		9,994,171
Long term debt, less current maturities		7,109,030			—			7,109,030
Other postretirement benefit obligations		738,465			—			738,465
Long term partnership payable		500,000			—			500,000
Deferred income taxes		122,753			—			122,753
Accrued pension liabilities		503,893			—			503,893
Deferred gain		577,942			—			577,942
Total liabilities		20,110,423			(564,169	)		19,546,254
Commitments and contingencies		—			—			—
Shareholders’ equity:
Common shares, $1.00 par value per share; 20,000,000 shares authorized; 5,990,412 shares issued; 5,474,658 shares outstanding		5,990,412			—			5,990,412
Additional paid-in capital		15,118,128			—			15,118,128
Retained deficit		(1,986,891	)		47,612	(4)		(1,939,279	)
Accumulated other comprehensive loss		(221,032	)		—			(221,032	)
Less: 515,754 common shares held in treasury, at cost		(1,265,078	)		—			(1,265,078	)
Total shareholders’ equity		17,635,539			—			17,635,539
Total liabilities and shareholders’ equity	$	37,745,962		$	(516,557	)	$	37,229,405

(1)	Pro forma adjustment reflects total cash proceeds of $850,000 based on a closing date of March 31, 2010.
(2)	Pro forma adjustments reflect the removal of the assets and liabilities of the electronics business.
(3)	Pro forma adjustment reflects the estimated one-time employee termination benefits retained by parent Company.
(4)	Pro forma adjustment reflects the estimated $110,000 gain on the sale of the electronics business and the removal of operations of the electronics business.