BIFS TECHNOLOGIES CORPORATION
PRO FORMA CONDENSED CONSOLIDATING FINANCIAL STATEMENTS
MARCH 31, 2000
CONTENTS
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Page
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PRO FORMA CONDENSED CONSOLIDATING FINANCIAL STATEMENTS
BALANCE SHEET - MARCH 31, 2000 1
STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2000 2
NOTES TO PRO FORMA CONDENSED CONSOLIDATING FINANCIAL STATEMENTS 3
BIFS TECHNOLOGIES CORPORATION
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PRO FORMA CONDENSED CONSOLIDATING BALANCE SHEET
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MARCH 31, 2000
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(UNAUDITED)
ASSETS
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Pro forma Consolidated
BIFS Beach GPS adjustments pro forma
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Current assets $ 320,326 $ 155,293 $ - $ - $ 475,619
Equipment, net of
accumulated
depreciation 2,432 146,907 - - 149,339
Other assets 1,400,322 451,606 - 976,420 (a) 2,198,828
(629,520)(b)
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$ 1,723,080 $ 753,806 $ - $ 346,900 $ 2,823,786
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities $ 90,286 $ 238,382 $ - $ - $ 328,668
Long-term liabilities 409,973 629,520 - (629,520)(b) 409,973
Stockholders' equity 1,222,821 (114,096) - 976,420 (a) 2,085,145
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$ 1,723,080 $ 753,806 $ - $ 346,900 $ 2,823,786
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