The next two posts are the latest financial statements
I could find on ADGI and SEXI. If somebody has
something newer, I would like to see them also.
I'm no expert on financial statements but as far as
assets go it appears that ADGI is not that dumpy in comparision.
ADGI is not dumpy, maybe undervalued.
AMERICAN DIVERSIFIED GROUP INC
SUITE 103
362 MINORCA AVENUE
CORAL GABLES FL 33134
BALANCE SHEET
ANNUAL ASSETS (000$)
FISCAL YEAR ENDING 12/31/94 12/31/93
CASH 7 47
MRKTABLE SECURITIES NA NA
RECEIVABLES NA NA
INVENTORIES NA NA
RAW MATERIALS NA NA
WORK IN PROGRESS NA NA
FINISHED GOODS NA NA
NOTES RECEIVABLE NA NA
OTHER CURRENT ASSETS 4,995 NA
TOTAL CURRENT ASSETS 5,002 47
PROP, PLANT & EQUIP NA NA
ACCUMULATED DEP NA NA
NET PROP & EQUIP NA NA
INVEST & ADV TO SUBS NA NA
OTHER NON-CUR ASSETS NA 50
DEFERRED CHARGES NA NA
INTANGIBLES 4,206 4,206
DEPOSITS & OTH ASSET NA NA
TOTAL ASSETS 9,207 4,302
ANNUAL LIABILITIES (000$)
FISCAL YEAR ENDING 12/31/94 12/31/93
NOTES PAYABLE NA NA
ACCOUNTS PAYABLE 4 0
CUR LONG TERM DEBT NA NA
CUR PORT CAP LEASES NA NA
ACCRUED EXPENSES NA NA
INCOME TAXES NA NA
OTHER CURRENT LIAB NA NA
TOTAL CURRENT LIAB 4 0
MORTGAGES NA NA
DEFERRED CHARGES/INC NA NA
CONVERTIBLE DEBT NA NA
LONG TERM DEBT 513 NA
NON-CUR CAP LEASES NA NA
OTHER LONG TERM LIAB 11 NA
TOTAL LIABILITIES 527 0
MINORITY INT (LIAB) 1,129 995
PREFERRED STOCK NA NA
COMMON STOCK NET 15 10
CAPITAL SURPLUS 12,142 3,551
RETAINED EARNINGS -4,606 -254
TREASURY STOCK NA NA
OTHER EQUITIES NA NA
SHAREHOLDER EQUITY 7,551 3,307
TOT LIAB & NET WORTH 9,207 4,302
ANNUAL INCOME (000$)
FISCAL YEAR ENDING 12/31/94 12/31/93
NET SALES NA NA
COST OF GOODS NA NA
GROSS PROFIT NA NA
R & D EXPENDITURES NA NA
SELL GEN & ADMIN EXP 4,700 332
INC BEF DEP & AMORT -4,700 -332
DEPRECIATION & AMORT NA NA
NON-OPERATING INC 451 78
INTEREST EXPENSE NA NA
INCOME BEFORE TAX -4,249 -254
PROV FOR INC TAXES NA NA
MINORITY INT (INC) NA NA
INVEST GAINS/LOSSES NA NA
OTHER INCOME NA NA
NET INC BEF EX ITEMS -4,249 -254
EX ITEMS & DISC OPS NA NA
NET INCOME -4,249 -254
OUTSTANDING SHARES 15,153 10,000
CASH FLOW PROVIDED BY OPERATING ACTIVITY ($000S)
Fiscal Year Ending 12/31/94 12/31/93
Net Income (Loss) -4,699 -331
Depreciation/Amortization NA NA
Net Incr (Decr) Assets/Liabs -71 -50
Cash Prov (Used) by Disc Oper NA NA
Other Adjustments, Net 4,026 77
Net Cash Prov (Used) by Oper -744 -304
CASH FLOW PROVIDED BY INVESTING ACTIVITY ($000S)
Fiscal Year Ending 12/31/94 12/31/93
(Incr) Decr in Prop, Plant NA NA
(Acq) Disp of Subs, Business NA NA
(Incr) Decr in Securities Inv NA NA
Other Cash Inflow (Outflow) NA NA
Net Cash Prov (Used) by Inv NA NA
CASH FLOW PROVIDED BY FINANCING ACTIVITY ($000S)
Fiscal Year Ending 12/31/94 12/31/93
Issue (Purchase) of Equity 192 350
Issue (Repayment) of Debt NA NA
Incr (Decr) In Borrowing 512 NA
Dividends, Other Distribution NA NA
Other Cash Inflow (Outflow) NA NA
Net Cash Prov (Used) by Finan 704 350
Effect of Exchg Rate On Cash NA NA
Net Change in Cash or Equiv -39 46
Cash or Equiv at Year Start 46 NA
Cash or Equiv at Year End 6 46
COMMENTS:
COMPANY IN DEVELOPMENT STAGE (10-Q 09-30-94) (10-K 12-31-94);
FINANCIALS GIVEN FOR TWO YEARS ONLY; FIVE YEAR SUMMARY DATA NOT GIVEN
FOR 10-KSB; ACCOUNTS PAYABLE INCLUDE ACCRUED EXPENSES (10-Q 03-31-95) |
