Attached files
| file | filename |
|---|---|
| 8-K/A - AMENDED CURRENT REPORT - ECOSPHERE TECHNOLOGIES INC | esph_8k.htm |
| EX-99.3 - EXHIBIT 99.3 - ECOSPHERE TECHNOLOGIES INC | esph_ex99z3.htm |
| EX-99.1 - EXHIBIT 99.1 - ECOSPHERE TECHNOLOGIES INC | esph_ex99z1.htm |
Exhibit 99.2
Ecosphere Technologies, Inc.
Unaudited Pro Forma Condensed Statement of Operations
Year Ended December 31, 2012
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| (Unaudited) |
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| Pro Forma |
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| (Unaudited) |
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| As Reported |
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| Adjustments |
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| Pro Forma |
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Revenues |
| $ | 31,132,298 |
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| $ | (10,788,031 | ) |
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| 1 |
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| $ | 20,344,267 |
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Costs and expenses |
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| 29,967,088 |
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| (6,995,433 | ) |
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| 1 |
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| 22,971,655 |
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Income (loss) from operations |
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| 1,165,210 |
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| (3,792,598 | ) |
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| 1 |
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| (2,627,388 | ) |
Allocation of income from unconsolidated investee |
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| - |
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| 1,481,817 |
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| 2 |
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| 1,481,817 |
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Gain on deconsolidation |
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| - |
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| 29,503,224 |
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| 3 |
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| 29,503,224 |
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Other expense, net |
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| (111,143 | ) |
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| 2,126 |
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| 1 |
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| (109,017 | ) |
Net income |
| $ | 1,054,067 |
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| $ | 27,194,569 |
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| $ | 28,248,636 |
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Net income applicable to Ecosphere Technologies, Inc. common stock |
| $ | 136,200 |
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| $ | 28,112,436 |
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| $ | 28,248,636 |
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Net income per common share applicable to common stock - basic |
| $ | 0.00 |
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| $ | 0.19 |
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| $ | 0.19 |
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Net income per common share applicable to common stock - diluted |
| $ | 0.00 |
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| $ | 0.18 |
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| $ | 0.18 |
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———————
1 Pro forma deconsolidation of EES revenues and costs
2 Pro forma allocation of income from EES using Equity Method
3 Pro forma gain on deconsolidation