EX-8 10 exhibitg.htm EXHIBIT G EXHIBIT G

EXHIBIT G

Redwood MicroCap Fund, Inc
Pro Forma Combined Statements of Income (Loss) - Unaudited

               

03/31/2001                                 




Redwood
MicroCap



64.875%
Wyoming
Resorts



57.5%
TDP
Energy

55%
Alta Ca
Broadcasting
and
Subsidiaries





Total




Eliminating
Entries




Consolidated
Income Stmt




Percentage
Of Sales

Operating revenue:

               

Oil and gas revenue

   

$  4,474,000 

$                 - 

$  4,474,000 

 

$  4,474,000 

70.8%

Room and service revenue

 

$   490,085 

 

490,085 

 

490,085 

7.8%

Radio revenue

     

1,011,921 

1,011,921 

 

1,011,921 

16.0%

Internet revenue

___________

__________

__________

     341,050 

     341,050 

__________

       341,050 

    5.4%

Total

490,085 

4,474,000 

1,352,971 

6,317,056 

6,317,056 

100.0%

Operating expenses:

               

General and administrative

$   308,029 

454,090 

1,054,000 

2,074,784 

3,890,903 

 

3,890,903 

61.6%

Lease operating expense

   

2,056,000 

2,056,000 

 

2,056,000 

32.5%

Depreciation and amortization

____________

      185,415 

    1,515,000 

          8,332 

    1,708,747 

__________

    1,708,747 

   27.0%

Total

       308,029 

      639,505 

    4,625,000 

   2,083,116 

    7,655,650 

                   - 

    7,655,650 

 121.2%

Net operating income

(308,029)

(149,420)

(151,000)

(730,145)

(1,338,594)

(1,338,594)

-21.2%

Investment income (loss)

2,626,581 

(34,586)

 

125,163 

2,717,158 

(2,321,278)

395,880 

6.3%

Interest income

   

428,000 

428,006 

(40,049)

387,957 

6.1%

Sale of oil and gas properties

   

8,873,000 

8,873,000 

 

8,873,000 

140.5%

Interest expense

____________

   (231,977)

   (214,000)

     (39,698)

   (485,675)

       125,352 

    (360,323)

   -5.7%

Net income before taxes

2,318,552 

(415,983)

8,936,000 

(644,674)

10,193,895 

(2,235,975)

7,957,920 

126.0%

Income taxes

   _  678,902 

__________

   2,934,000 

_________

   3,612,902 

     (678,902)

    2,934,000 

  46.4%

Net income

1,639,650 

(415,983)

6,002,000 

(644,674)

6,580,993 

(1,557,073)

5,023,920 

79.5%

Minority interest in earnings

____________ __________ _________

        11,817 

         11,817 

   (1,996,195)

 (1,984,378)

-31.4%

Net income

$   1,639,650 

$ (415,983)

$ 6,002,000 

$  (632,857)

$  6,592,810 

 $ (3,553,268)

$  3,039,542 

 48.1%