Attached files
| file | filename |
|---|---|
| 8-K - BIOVEST INTERNATIONAL INC | s721318k.htm |
| EX-10.1 - EXHIBIT 10.1 - BIOVEST INTERNATIONAL INC | ex10_1.htm |
| EX-10.3 - EXHIBIT 10.3 - BIOVEST INTERNATIONAL INC | ex10_3.htm |
| EX-10.2 - EXHIBIT 10.2 - BIOVEST INTERNATIONAL INC | ex10_2.htm |
Exhibit 10.4
THE COMPANY’S UNAUDITED BALANCE SHEET DATED MARCH 31, 2013
|
March 31, 2013
(Unaudited)
|
||||
|
ASSETS
|
||||
|
Current assets:
|
||||
|
Cash
|
$ | 242,000 | ||
|
Accounts receivable, net of $8,000 allowance for doubtful accounts at March 31, 2013
and September 30, 2012
|
286,000 | |||
|
Costs and estimated earnings in excess of billings on uncompleted contracts
|
91,000 | |||
|
Inventories
|
358,000 | |||
|
Prepaid expenses and other current assets
|
198,000 | |||
|
Total current assets
|
1,175,000 | |||
|
Property and equipment, net
|
867,000 | |||
|
Patents and trademarks, net
|
187,000 | |||
|
Goodwill
|
2,131,000 | |||
|
Other assets
|
557,000 | |||
|
Total assets
|
$ | 4,917,000 | ||
|
LIABILITIES AND STOCKHOLDERS’ DEFICIT
|
||||
|
Liabilities not subject to compromise:
|
||||
|
Current liabilities:
|
||||
|
Accounts payable
|
$ | 252,000 | ||
|
Accrued liabilities
|
585,000 | |||
|
Customer deposits
|
23,000 | |||
|
Billing in excess of costs and estimated earnings
|
56,000 | |||
|
Notes payable, related party
|
450,000 | |||
|
Total current liabilities
|
1,366,000 | |||
|
Other
|
47,000 | |||
|
Total liabilities not subject to compromise
|
1,413,000 | |||
|
Liabilities subject to compromise
|
49,196,000 | |||
|
Total liabilities
|
50,609,000 | |||
|
Commitments and contingencies
|
— | |||
|
Stockholders’ deficit:
|
||||
|
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and
outstanding
|
— | |||
|
Common stock, $0.01 par value, 500,000,000 shares authorized; 146,510,818 and
146,436,893 issued and outstanding at March 31, 2013 and September 30, 2012
|
1,465,000 | |||
|
Additional paid-in capital
|
131,396,000 | |||
|
Accumulated deficit
|
(178,553,000 | ) | ||
|
Total stockholders’ deficit
|
(45,692,000 | ) | ||
|
Total liabilities and stockholders’ deficit
|
$ | 4,917,000 | ||