SENETEK PLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(in thousands)
March 31, December 31,
1999 1998
(unaudited)
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Assets
Current Assets:
Cash and Cash Equivalents $ 328 $ 808
Inventory at cost 531 731
Trade Receivables 699 1,265
Non-Trade Receivables 120 129
Receivable from Employee -- --
Prepaids and Deposits 2,143 1,360
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Total Current Assets 3,821 4,293
Property and Equipment, net 3,188 3,366
Goodwill and Other Intangible Assets - net 1,732 1,766
Deferred Financing costs 1,036 1,241
Total Assets $ 9,777 $ 10,666
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Liabilities & Stockholders' Equity
Current Liabilities
Line of Credit 2,389 2,389
Accounts Payable 3,407 1,602
Accrued Liabilities 1,072 1,630
Accrued Compensation on Stock Options
- Employees 4,274 4,112
- Non-employees 1,918 1,708
13,060 11,441
Long Term Liabilities
Capital Leases 46 46
Stockholders' Equity:
Ordinary shares $0.08 (5pence) par value:
Authorized shares: 100,000,000
Issued and outstanding shares:
March 31, 1999 - 57,215,856
December 31, 1998 - 57,215,856 4,626 4,625
Share Premium 66,477 66,472
Accumulated Deficit (74,388) (71,968)
Equity Adjustment from Foreign Currency Translation (44) 50
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Total Stockholders' Equity $ (3,329) $ (821)
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Total Liabilities and Stockholders' Equity $ 9,777 $ 10,666
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