ITEM 1. FINANCIAL STATEMENTS
Mediconsult.com, Inc.
Unaudited Consolidated Balance Sheets - June 30, 1999 and December 31, 1998
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June 30 December 31
1999 1998
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ASSETS
Current assets
Cash and term deposits $ 51,127,257 $ 135,053
Accounts receivable 994,071 135,790
Work in progress 776,366 --
Prepaid expenses and other 667,535 --
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Total 53,565,229 270,843
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Non-current assets
Tangible fixed assets and software 1,028,882 52,790
Goodwill 10,838,598 818,750
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Total 11,867,480 871,540
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Total assets $ 65,432,709 $ 1,142,383
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued liabilities $ 1,371,351 $ 243,413
Advances from Stockholder 314,989 513,589
Unearned revenue -- 107,000
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Total liabilities 1,686,340 864,002
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Stockholders' equity
Preferred stock
Junior preferred stock authorized 1,000,000 shares
designated, nil and 430,000 shares issued and
outstanding at June 30, 1999 and December 31, 1998,
respectively -- 4,300,000
Common stock, $.001 par value, 50,000,000 shares
authorized, 28,446,263 and 18,519,950 shares issued
and outstanding at June 30, 1999 and December 31,
1998, respectively 28,446 18,520
Additional paid in capital 83,219,774 5,242,981
Deferred compensation (5,061,862) (884,109)
Retained deficit (14,439,989) (8,399,011)
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Total stockholders' equity 63,746,369 278,381
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Total liabilities and stockholders' equity $ 65,432,709 $ 1,142,383
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