Attached files
| file | filename |
|---|---|
| 8-K/A - Umami Sustainable Seafood Inc. | v217676_8ka.htm |
| EX-99.3 - Umami Sustainable Seafood Inc. | v217676_ex99-3.htm |
| EX-99.2 - Umami Sustainable Seafood Inc. | v217676_ex99-2.htm |
| EX-99.5 - Umami Sustainable Seafood Inc. | v217676_ex99-5.htm |
| EX-99.6 - Umami Sustainable Seafood Inc. | v217676_ex99-6.htm |
Baja Aqua Farms, S.A.
Statements of Financial Position
As of 6/30/2010
(unaudited)
(in thousands)
|
Baja
|
||||
|
Current assets:
|
||||
|
Cash and cash equivalents
|
$ | 86 | ||
|
Accounts receivable, trade
|
5,884 | |||
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Accounts receivable, related party
|
17 | |||
|
Inventories
|
15,124 | |||
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Other current assets
|
2,019 | |||
|
Total current assets
|
23,130 | |||
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Property and equipment, net
|
3,489 | |||
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Other assets
|
416 | |||
|
Total assets
|
$ | 27,035 | ||
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||
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Current liabilities:
|
||||
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Accounts payable, trade
|
1,844 | |||
|
Accounts payable to related parties
|
5,122 | |||
|
Total current liabilities
|
6,966 | |||
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Long term notes payable
|
- | |||
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Total liabilities
|
6,966 | |||
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Commitments and contingencies
|
||||
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Stockholders’ equity:
|
||||
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Common stock
|
33,913 | |||
|
Additional paid-in capital
|
68 | |||
|
Retained earnings
|
(13,912 | ) | ||
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Accumulated other comprehensive income
|
- | |||
|
Total Baja stockholders’ equity
|
20,069 | |||
|
Total liabilities and stockholders’ equity
|
$ | 27,035 | ||
Baja Aqua Farms S.A. de C.V.
Statements of Operations
Six months ended 6/30/2010 and 6/30/2009
(unaudited)
(in thousands)
|
6/30/2010
|
6/30/2009
|
|||||||
|
Net revenue
|
$ | 5,106 | $ | 7,637 | ||||
|
Cost of goods sold
|
(4,628 | ) | (4,438 | ) | ||||
|
Gross profit
|
478 | 3,199 | ||||||
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Selling, general and administrative expenses
|
(5,181 | ) | (1,996 | ) | ||||
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Operating income (loss)
|
(4,703 | ) | 1,203 | |||||
|
Other income (expenses), net
|
(82 | ) | 2,421 | |||||
|
Financing cost
|
(501 | ) | (705 | ) | ||||
|
Income (loss) before provision for income taxes
|
(5,286 | ) | 2,919 | |||||
|
Income tax provision
|
- | - | ||||||
| Net income (loss) from continuing operations | (5,286 | ) | 2,919 | |||||
| Net loss from discontinued operations | (144 | ) | (319 | ) | ||||
|
Net income (loss)
|
$ | (5,430 | ) | $ | 2,600 | |||
Baja Aqua Farms S.A. de C.V.
Statements of Cash Flow
Six months ended 6/30/2010 and 6/30/2009
(unaudited)
(in thousands)
|
Six months ended
|
Six months ended
|
|||||||
|
June 30, 2010
|
June 30, 2009
|
|||||||
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Operating Activities
|
||||||||
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Net gain / (loss)
|
$ | (5,286 | ) | $ | 2,919 | |||
|
Net (loss) from discontinued operations
|
(144 | ) | (319 | ) | ||||
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Adjustments to reconcile to net cash used in operating activities:
|
||||||||
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Depreciation
|
246 | 214 | ||||||
|
Deferred income taxes
|
(13 | ) | (2 | ) | ||||
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Changes in assets and liabilities:
|
||||||||
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Accounts receivable, trade
|
922 | 269 | ||||||
|
Accounts receivable, related parties
|
(1,087 | ) | (3,721 | ) | ||||
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Inventories
|
(2,793 | ) | 1,142 | |||||
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Other current assets
|
(1,438 | ) | (1,180 | ) | ||||
|
Accounts payable, trade
|
(830 | ) | (8,210 | ) | ||||
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Accounts payable to related parties
|
1,693 | (7,274 | ) | |||||
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Net cash from / (used in) operating activities of continuing operations
|
(8,730 | ) | (16,162 | ) | ||||
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Net cash from / (used in) operating activities of discontinued operations
|
(4,893 | ) | 6,694 | |||||
|
Net cash from / (used in) operating activities
|
(13,623 | ) | (9,468 | ) | ||||
|
Investing activities
|
||||||||
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Purchases of property and equipment
|
(562 | ) | - | |||||
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Sale of fixed assets
|
- | 454 | ||||||
|
Net cash from / (used in) investing activities of continuing operations
|
(562 | ) | 454 | |||||
|
Net cash from / (used in) investing activities of discontinued operations
|
23 | 664 | ||||||
|
Net cash from / (used in) investing activities
|
(539 | ) | 1,118 | |||||
|
Financing activities
|
||||||||
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Change in common stock due to recapitalization
|
312 | (1,289 | ) | |||||
|
Repayments of note payable to financial institution
|
(1,381 | ) | 1,650 | |||||
|
Net cash from / (used in) financing activities of continuing operations
|
(1,069 | ) | 361 | |||||
|
Net cash from / (used in) financing activities of discontinued operations
|
14,648 | 8,879 | ||||||
|
Net cash from / (used in) financing activities
|
13,579 | 9,240 | ||||||
|
Subtotal
|
(583 | ) | 890 | |||||
|
Cash and cash equivalents at beginning of year
|
669 | 66 | ||||||
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Cash and cash equivalents at end of period
|
$ | 86 | $ | 956 | ||||