Exhibit 99.2
FORT KNOX FINANCIAL SERVICES CORPORATION ("FORT KNOX")
CONSOLIDATED BALANCE SHEETS
As of June 30, 2015 and December 31, 2014
ASSETS | June 30, 2015 (Unaudited) | December 31, 2014 (Audited) | ||||||
| Cash | $ | 11,655,229 | $ | 3,220,510 | ||||
| Accounts receivable, net of allowance for doubtful accounts | 290,556 | 4,885,030 | ||||||
| Note receivable, related party | - | 40,000 | ||||||
| Property and equipment, net | 158,482 | 88,195 | ||||||
| Other assets | 183,425 | 170,571 | ||||||
| Total assets | $ | 12,287,692 | $ | 8,404,306 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| LIABILITIES | ||||||||
| Accounts payable | $ | 838,575 | $ | 110,113 | ||||
| Escheatment funds | 1,161,166 | 1,515,074 | ||||||
| Other liabilities | 11,808 | 7,513 | ||||||
| Total liabilities | 2,011,548 | 1,632,700 | ||||||
| STOCKHOLDERS’ EQUITY | ||||||||
| Common stock | 1,000 | 1,000 | ||||||
| Retained earnings | 10,275,144 | 6,770,606 | ||||||
| Total stockholders’ equity | 10,276,144 | 6,771,606 | ||||||
| Total liabilities and stockholders’ equity | $ | 12,287,692 | $ | 8,404,306 | ||||
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FORT KNOX FINANCIAL SERVICES CORPORATION ("FORT KNOX")
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
SIX MONTHS ENDED JUNE 30, 2015 AND 2014
Six Months Ended June 30, 2015 | Six Months Ended June 30, 2014 | |||||||
| Interest expense | $ | (18,663 | ) | $ | (30,522 | ) | ||
| Net interest expense | (18,663 | ) | (30,522 | ) | ||||
| Tax Product Fee Income | 22,940,263 | 20,073,229 | ||||||
| Total non-interest income | 22,940,263 | 20,073,229 | ||||||
| Non-interest expense: | ||||||||
| Compensation and benefits | 4,068,664 | 3,349,632 | ||||||
| Tax product expense | 9,102,046 | 9,100,373 | ||||||
| Other expense | 1,330,052 | 759,490 | ||||||
| Total non-interest expense | 14,500,761 | 13,209,495 | ||||||
| Income before income tax expense | 8,420,839 | 6,833,212 | ||||||
| Income tax expense | - | - | ||||||
| Net income | $ | 8,420,839 | $ | 6,833,212 | ||||
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FORT KNOX FINANCIAL SERVICES CORPORATION ("FORT KNOX")
UNAUDITED STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2015 AND 2014
Six Months Ended June 30, 2015 | Six Months Ended June 30, 2014 | |||||||
| Net income | $ | 8,420,839 | $ | 6,833,212 | ||||
| Depreciation, amortization and accretion, net | 30,342 | 21,879 | ||||||
| Net change in accounts receivable | 4,681,234 | 316,718 | ||||||
| Net change in prepaid and other current assets | (59,695 | ) | 62,129 | |||||
| Net change in other noncurrent assets | - | (2,000 | ) | |||||
| Net change in accounts payable | 728,462 | (22,461 | ) | |||||
| Net change in escheatment funds | (353,908 | ) | 946,783 | |||||
| Net change in other liabilities | 4,295 | (14,423 | ) | |||||
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 13,451,570 | 8,141,837 | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
| Purchase of premises and equipment | (100,550 | ) | (2,544 | ) | ||||
| NET CASH USED IN INVESTING ACTIVITIES | (100,550 | ) | (2,544 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Distribution to shareholders | (4,916,301 | ) | (3,827,791 | ) | ||||
| NET CASH USED IN FINANCING ACTIVITIES | (4,916,301 | ) | (3,827,791 | ) | ||||
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 8,434,719 | 4,311,502 | ||||||
| Cash and cash equivalents at beginning of year | 3,220,510 | 5,359,043 | ||||||
| Cash and cash equivalents at end of year | $ | 11,655,229 | $ | 9,670,545 | ||||
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