EXHIBIT 99.2
AMERIGON INCORPORATED
(A DEVELOPMENT STAGE ENTERPRISE)
CONDENSED STATEMENT OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
APRIL 23, 1991
THREE MONTHS (INCEPTION)
ENDED MARCH 31, TO MARCH 31,
1996 1997 1997
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(UNAUDITED) (UNAUDITED)
Revenues:
Development contracts and
related grants $3,054 $384 $16,313
Grants - 12 6,168
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Total revenues 3,054 396 22,481
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Costs and Expenses:
Direct development contract and
related grant costs 2,771 869 19,187
Direct grant costs - 28 4,760
Research and development 384 256 9,043
Selling, general and administrative,
including reimbursable expenses 555 794 14,581
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Total Costs and Expenses 3,710 1,947 47,571
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Operating Loss (656) (1,551) (25,090)
Interest Income 36 67 633
Interest Expense (117) (328)
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Net Loss Before Extraordinary Item (620) (1,601) (24,785)
Extraordinary Loss on
Extinguishment of Debt - 340 340
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Net Loss ($620) ($1,941) ($25,125)
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Net Loss Per Share Before
Extraordinary Item ($0.15) ($0.25)
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Net Loss Per Share ($0.15) ($0.30)
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Weighted Average Number
Of Shares Outstanding 4,050 6,488
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