This ProForma is presented for the fiscal year 2001, and is presented as if the
sale of the restaurant occurred as of the beginning of the year. This restaurant
comprised almost all of the Company's operating activities in the year 2001.
Health Express USA, Inc.
Pro forma Consolidated Balance Sheet - 12-30-01
As Reported Less: Sale of
December 30, Commercial Blvd. Pro forma
2001 Restaurant as adjusted
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Assets
- ------
Total Current Assets 239,069 (26,735) 212,334
Property and Equipment, net 331,735 (224,014) 107,721
Deposits 62,510 -- 62,510
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Total Assets 633,314 (250,749) 382,565
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Liabilities and
Stockholders' Equity
- ----------------------
Current Liabilities 76,833 (19,635) 57,198
Long-term portion -
capital lease obligation 5,694 (5,694) --
Stockholders' Equity 550,787 (225,420) 325,367
---------- ---------- ----------
Total Liabilities and
Stockholders' Equity 633,314 (250,749) 382,565
========== ========== ==========
ProForma Consolidated Statements of Operations
For the year ended December 30, 2001
As Reported Less: Sale of
December 30, Commercial Blvd. Pro forma
2001 Restaurant as adjusted
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Revenues, net 208,205 (208,205) --
Expenses 1,583,981 (1,478,825) 105,156
---------- ---------- ----------
Net loss (1,375,776) 1,270,620 (105,156)
========== ========== ==========
EPS - as reported, and
proforma $ (0.17) $ (0.01)
========== ==========
Weighted average shares 7,883,566 7,883,566
========== ==========