EX-99.1 2 ex99-1.htm

 

Exhibit 99.1

 

STEREOTAXIS, INC.

BALANCE SHEET

UNAUDITED ACTUAL AND AS ADJUSTED

JUNE 30, 2019

 

   June 30,
2019 as reported
   Adjustments as a result of August financing   June 30, 2019 including August financing 
   (Unaudited)   (Unaudited)   (Unaudited) 
Assets               
Current assets:               
Cash and cash equivalents  $8,471,914   $23,130,000(1)  $31,601,914 
Accounts receivable, net of allowance of $502,251   4,997,148         4,997,148 
Inventories, net   1,560,116         1,560,116 
Prepaid expenses and other current assets   514,408         514,408 
Total current assets   15,543,586    23,130,000    38,673,586 
Property and equipment, net   297,494         297,494 
Operating lease right-of-use assets   5,245,842         5,245,842 
Other assets   168,153         168,153 
Total assets  $21,255,075   $23,130,000   $44,385,075 
                
Liabilities and stockholders’ equity (deficit)               
Current liabilities:               
Accounts payable  $1,642,049        $1,642,049 
Accrued liabilities   2,376,058         2,376,058 
Deferred revenue   6,537,988         6,537,988 
Current portion of operating lease liabilities   2,223,023         2,223,023 
Total current liabilities   12,779,118    -    12,779,118 
                
Long-term deferred revenue   508,772         508,772 
Operating lease liabilities   3,048,650         3,048,650 
Other liabilities   260,947         260,947 
Total liabilities   16,597,487    -    16,597,487 
                
Convertible preferred stock (10,000,000 shares authorized):               
Convertible preferred stock, par value $0.001; Series A, 23,855 shares outstanding   5,948,953         5,948,953 
Stockholders’ equity (deficit):               
Common stock, par value $0.001; 300,000,000 shares authorized, 59,383,038 issued at 6/30/19 as reported and 65,968,038 issued at 6/30/19 as adjusted   59,383    6,585(2)   65,968 
Convertible preferred stock, par value $0.001; Series B, 0 shares outstanding at 6/30/19 as reported, 5,610,121 shares outstanding at 6/30/19 as adjusted   -    5,610(3)   5,610 
Additional paid-in capital   479,127,279    23,117,805(1)   502,245,084 
Treasury stock, 4,015 shares   (205,999)        (205,999)
Accumulated deficit   (480,272,028)        (480,272,028)
Total stockholders’ equity (deficit)   (1,291,365)   23,130,000    21,838,635 
Total liabilities and stockholders’ equity (deficit)  $21,255,075   $23,130,000   $44,385,075 

 

(1) Effect of sale of (i) 6,585,000 shares of the Company’s common stock and (ii) 5,610,121 shares of the Company’s Series B Convertible Preferred Stock, in each case at a price of $2.05 per share (the “Private Placement”), net of expenses.

 

(2) Effect of issuance of 6,585,000 shares of the Company’s common stock in the Private Placement.

 

(3) Effect of issuance of 5,610,121 shares of the Company’s Series B Convertible Preferred Stock in the Private Placement.