Exhibit 99.2
ZURICKIRCH CORP.
PROFORMA CONSOLIDATED BALANCE SHEETS
June 30, 2002 and December 31, 2001
ASSETS
2002 2001
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CURRENT ASSETS
Cash $ 161,737 $ 423,480
Accounts receivable 727,103 456,494
Inventory 1,951,511 1,889,250
Prepaid and other expenses 59,280 61,183
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Total current assets 2,899,631 2,830,407
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PROPERTY AND EQUIPMENT
Office furniture, fixtures and
equipment 333,700 330,812
Leasehold improvements 404,661 404,661
Machinery and equipment 335,360 332,860
Laboratory tools 25,833 25,833
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1,099,554 1,094,166
Less accumulated depreciation (451,869) (348,603)
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647,685 745,563
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$ 3,547,316 $ 3,575,970
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ZURICKIRCH CORP.
PROFORMA CONSOLIDATED BALANCE SHEETS
June 30, 2002 and December 31, 2001
LIABILITIES
2002 2001
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CURRENT LIABILITIES
Current portion of long-term debt $ 307,376 $ 146,404
Bank line of credit 994,383 746,216
Accounts payable 457,084 361,544
Accrued payroll and related expenses 445,145 554,665
Accrued expenses 575,000 350,298
Customer depostis and credits -- 291,272
Deferred Revenue -- 20,294
Related party notes payable 469,350 409,350
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Total current liabilities 3,248,338 2,880,043
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LONG-TERM DEBT, net of current portion 129,952 356,654
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3,378,290 3,236,697
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SHAREHOLDERS' EQUITY
Common stock, 50,000,000 shares
authorized, $.001 par value,
22,000,000 shares issued and
outstanding 22,000 22,000
Capital in excess of par 625,231 567,497
Preferred stock, 10,000,000 shares
authorized, $.001 par value, no
shares issued and outstanding -- --
Preferred stock, 5,000,000 shares
authorized , no par value, no
shares issued and outstanding -- --
Retained earnings (deficit) (528,905) (366,377)
Minority interest 50,700 116,153
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169,026 339,273
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$ 3,547,316 $ 3,575,970
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ZURICKIRCH CORP.
PROFORMA CONSOLIDATED STATEMENTS OF EARNINGS
For the Six Months and Year Ended June 30, 2002 and December 31, 2001
Six months Year ended
ended June 30, December 31,
2002 2001
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Revenues $ 2,572,031 $ 8,101,613
Cost of sales 944,620 4,186,695
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Gross margin 1,627,411 3,914,918
General and administrative expenses 1,807,212 5,409,250
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Loss from operations (179,801) (1,494,332)
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Other income (expense), net 17,273 (101,649)
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Net loss $ (162,528) $(1,595,981)
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