1 EXHIBIT 99.2 BIO-PLEXUS, INC. CONDENSED BALANCE SHEET (UNAUDITED) AUGUST 31, 1997 ------------ ASSETS Current assets: Cash and cash equivalents $ 2,450,000 Accounts receivable 434,000 Inventories Raw materials 1,080,000 Work-in-process 297,000 Finished goods 387,000 ------------ 1,764,000 ------------ Other current assets 366,000 ------------ Total current assets 5,014,000 ------------ Fixed assets, net 8,028,000 Deferred debt financing expenses 110,000 Patents, net of amortization 103,000 Other assets 302,000 ------------ $ 13,557,000 ============ LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Current portion of long-term debt $ 2,004,000 Accounts payable and accrued expenses 948,000 Accrued interest payable 56,000 Accrued employee costs 556,000 Deferred revenue 1,243,000 ------------ Total current liabilities 4,807,000 ------------ Other long-term debt, net 4,043,000 Redeemable Class A common stock 20,000 Redeemable common stock warrants 149,000 Shareholders' equity Convertible preferred stock, no par value, 3,000,000 -- authorized, no shares issued and outstanding Common stock, no par value, 15,000,000 authorized, 11,014,900 shares issued and outstanding 61,159,000 Accumulated deficit (56,621,000) ------------ Total shareholders' equity 4,538,000 ------------ $ 13,557,000 ============ -1- 2 EXHIBIT 99.2 BIO-PLEXUS, INC CONDENSED STATEMENT OF OPERATIONS (UNAUDITED) TWO MONTHS ENDED AUGUST 31, 1997 Revenues $ 520,000 Costs and expenses: Research and development 271,000 Other operating and engineering costs 911,000 Selling, general and administrative 1,024,000 ----------- Total operating costs and expenses 2,206,000 ----------- Financing expenses: Amortization of deferred debt financing 175,000 Other financing expenses 146,000 ----------- Total financing expenses 321,000 ----------- Net loss (2,007,000) Less: Imputed dividend on preferred stock (Item 5) (500,000) Net loss applicable to common stock $(2,507,000) =========== Net loss per common share $ (0.27) =========== Weighted average common shares outstanding 9,440,708 =========== -2-