Exhibit 99.2
Pro Forma Condensed Financial Information
Acquisition of Mobilenetics Corporation
The accompanying unaudited pro forma condensed statements of operations have
been prepared to reflect that the acquisition of Mobilenetics Corporation ("MC")
by LMKI, Inc. as if the acquisition had occurred as of the beginning of each of
the periods presented.
On June 1, 1999 LMKI, Inc. consummated its acquisition of MC. The pro forma
condensed statements of operations for the nine months ended May 31, 1999 and
the year ended August 31, 1998 are based on historical unaudited statements of
operations of LMKI, Inc. and MC for those periods. The pro forma condensed
statements of operations are not intended to be indicative of the results of
operations which actually would have been realized had the merger occurred at
the times assumed, nor of the future results of operations of the combined
entities. The accompanying pro forma condensed statements of operations should
read in connection with the historical financial statements and notes of LMKI,
Inc. and MC. A pro forma condensed Balance Sheet of LMKI, Inc. has not been
provided as the affects of the acquisition are already reflected in the August
31, 1999 annual consolidated financial statements of LMKI, Inc. as included
elsewhere herein.
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PRO FORMA CONDENSED STATEMENT OF OPERATIONS
(Unaudited)
Nine Months Ended May 31, 1999
Pro Forma Pro Forma
LMKI, Inc. (1) MC (2) Adjustments Combined
---------------- ---------------- ---------------- ----------------
Revenues $ 546,945 $ 624,835 $ - $ 1,171,780
Direct Expenses 212,242 574,377 - 786,619
---------------- ---------------- ---------------- ----------------
Gross Profit 334,703 50,458 - 385,161
Operating Expenses
Selling, General,& Administrative 436,123 715,458 - 1,151,581
Other income (expense):
Interest expense 9,811 12,335 - 22,146
---------------- ---------------- ---------------- ----------------
Loss before provision for income taxes (111,231) (677,335) - (788,566)
Provision for income taxes - (21,591) - (21,591)
---------------- ---------------- ---------------- ----------------
Net Loss $ (111,231) $ (655,744) $ - $ (766,975)
================ ================ ================ ================
Loss per share information:
Basic and diluted loss per share from
continuing operations $ (0.005) $ (0.024)
================ ================
Weighted average number of shares of
common stock, basic and diluted 22,209,888 32,209,888 (3)
================ ================
(1) Represents the unaudited results of operations of LMKI, Inc. for the
nine-months ended May 31, 1999 as reflected in Form 10QSB/A filed on
April 13, 2000.
(2) Represents the unaudited results of operations of Mobilenetics
Corporation for the nine-months ended May 31, 1999.
(3) Includes the 10,000,000 shares issued to the sole stockholder of MC.
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PRO FORMA CONDENSED STATEMENT OF OPERATIONS
(Unaudited)
Year Ended August 31, 1998
Pro Forma Pro Forma
LMKI, Inc. (1) MC (2) Adjustments Combined
-------------- -------------- -------------- --------------
Revenues $ 397,363 $ 676,310 $ - $ 1,073,673
Direct Expenses 52,001 211,696 - 263,697
-------------- -------------- -------------- --------------
Gross Profit 345,362 464,614 - 809,976
Operating Expenses
Selling, General,& Administrative 391,038 406,496 - 797,534
Other income (expense):
Interest expense 5,843 3,829 - 9,672
-------------- -------------- -------------- --------------
Loss before provision for income taxes (51,519) 54,289 - 2,770
Provision for income taxes 2,300 12,369 - 14,669
-------------- -------------- -------------- --------------
Net Loss $ (53,819) $ 41,920 $ - $ (11,899)
============== ============== ============== ==============
Loss per share information:
Basic and diluted loss per share from
continuing operations $ (0.003) $ (0.001)
============== ==============
Weighted average number of shares of
common stock, basic and diluted 15,799,269 25,799,269 (3)
============== ==============
(1) Represents the unaudited results of operations of LMKI, Inc. for the
twelve-months ended August 31, 1999 as reflected in Form 10KSB filed on
September 15, 1999.
(2) Represents the unaudited results of operations of Mobilenetics
Corporation for the twelve-months ended August 31, 1999.
(3) Includes the 10,000,000 shares issued to the sole stockholder of MC.
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