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Microcap & Penny Stocks : Scottsdale Scientific, Inc. (STDS) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (86)	4/30/1999 2:03:00 AM
From: Jim Bishop	Respond to of 105

SCOTTSDALE SCIENTIFIC, INC. CONSOLIDATED BALANCE SHEET DECEMBER 31, 1998 AND 1997 1998 1997 ASSETS Current Assets Cash and Cash Equivalents $ 225,006 $ 112,518 Accounts Receivable, Net of Allowances for Doubtful Accounts and Returns, $256,000 at December 31, 1998 1,049,079 0 Inventories (Note 3) 3,538,611 0 Refundable Income Tax Deposits 220,995 0 Prepaid Expenses and Other Current Assets 132,769 0 Deferred Tax Assets 310,760 0 ------- - Total Current Assets 5,477,220 112,518 Property and Equipment, Net (Note 4) 942,558 0 Other Assets Deposits 38,630 250 Due From Stockholder (Note 5) 123,602 0 Cash Surrender Value of Life Insurance (Note 6) 33,953 0 Organization Costs, Net of Amortization of $635 and $476 at December 31, 1998 and 1997 2,540 3,175 ----- ----- Total Other Assets 198,725 3,425 ------- ----- Total Assets $ 6,618,503 $ 115,943

To: Jim Bishop who wrote (86)	4/30/1999 2:04:00 AM
From: Jim Bishop	Respond to of 105

SCOTTSDALE SCIENTIFIC, INC. CONSOLIDATED BALANCE SHEET DECEMBER 31, 1998 AND 1997 1998 1997 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable and Accrued Liabilities $ 3,053,072 None Line of Credit (Note 7) 533,005 0 Notes Payable, Current Portion (Note 8) 82,539 0 Income Taxes Payable (Note 9) 800 0 --- - Total Current Liabilities 3,669,416 0 Long-Term Liabilities Notes Payable, Noncurrent Portion (Note 8) 208,822 0 ------- - Total Liabilities 3,878,238 0 Commitments and Contingencies (Note 10) Stockholders' Equity Common Stock, $0.001 Par Value, Authorized 100,000,000 Shares, Issued and Outstanding, 15,017,855 and 7,700,000 at December 31, 1998 and 1997 15,018 7,700 Additional Paid In Capital 4,126,154 525,300 Retained Earnings (A Deficit) (1,400,907) (417,057) ---------- -------- Total Stockholders' Equity 2,740,265 115,943 --------- ------- Total Liabilities and Stockholders' Equity $ 6,618,503 $ 115,943

To: Jim Bishop who wrote (86)	4/30/1999 2:07:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 105

SCOTTSDALE SCIENTIFIC, INC. CONSOLIDATED STATEMENT OF OPERATIONS GIVING RETROACTIVE EFFECT TO THE MERGER WITH NUTRICOLOGY, INC. FOR THE YEAR ENDED DECEMBER 31, 1998 AND 1997 Year Ended Year Ended December 31, 1998 December 31, 1997 Revenues $ 13,450,758 $ 12,367,629 Cost of Sales 8,044,907 7,087,734 --------- --------- Gross Profit 5,405,851 5,279,895 Operating Expenses Selling, General and Administrative 5,681,056 4,665,348 Research and Development 930,592 34,017 ------- ------ Total Operating Expenses 6,611,648 4,699,365 --------- --------- Operating Loss (1,205,797) 580,530 Other Income (Expense) Interest Income 2,119 1,864 Interest Expense (47,901) (40,249) Loss on Disposal of Fixed Assets (9,432) 0 Other, Net 0 5,101 - ----- Total Other Income (Expense) (55,214) (33,284) ------- ------- Net Loss Before Benefit For Income Taxes (1,261,011) 547,246 Benefit For Income Taxes (Note 9) 134,150 44,972 ------- ------ Net Loss Available to Common Stockholders $ (1,126,861) $ 502,274 ============== ============== Net Loss Per Weighted Share of Common Stock $ (0.08) $ 0.17 ============== ============== Weighted Shares Outstanding 13,617,386 2,875,000 ========== =========