NOVAMEX ENERGY INC. - FORM 8-K/A - EX-99.2

Exhibit 99.2

RIO BRAVO OILFIELD SERVICES, INC.

COMBINED BALANCE SHEETS

Unaudited

(USD in thousands)

	March 31,			December 31,
	2015			2014
Assets
Current assets:
Cash and cash equivalents	$	92		$	180
Accounts receivable, net		798			811
Inventories, net		4,275			5,126
Prepaid expenses and other current assets		714			943

Total current assets		5,879			7,060
Long-term assets:
Property and equipment, net		430			441
Advance payments and deposits		164			164
Total long-term assets		594			605
Total assets	$	6,473		$	7,665
Liabilities and Stockholder's Deficit
Current liabilities:
Accounts payable	$	1,389		$	1,788
Accrued personnel costs		216			205
Accrued taxes		11			9
Accrued warranties		8			8
Other accrued expenses		16			39
Bank lines of credit		118			121
Current portion of long-term debt		21			21
Customer advance payments		5,946			6,892
Notes payable to related parties		185			185
Total current liabilities		7,910			9,268

Long-term debt, net of current portion		67			72

Total long-term liabilities		67			72
Total liabilities		7,977			9,340

Commitments and Contingencies

Stockholders' deficit:
Paid in capital, par value
Rio Bravo Oilfield Services, Inc. common stock $1 par value, 1,000 shares authorized, issued and outstanding		1			1
Rio Bravo Tank De Mexico SA de CV common stock $0 par value, 100 shares authorized, issued and outstanding		—			—
Paid in capital, paid in excess of par		4			4
Accumulated deficit		(1,437	)		(1,591	)
Accumulated other comprehensive loss		(72	)		(89	)
Total stockholders' deficit		(1,504	)		(1,675	)
Total liabilities and stockholders' deficit	$	6,473		$	7,665

F-1

RIO BRAVO OILFIELD SERVICES, INC.

COMBINED STATEMENTS OF OPERATIONS

Unaudited

(USD in thousands, except per share amounts)

	Three Months Ended March 31,
	2015			2014
Net sales of products	$	2,921		$	1,619

Cost of products sold		2,084			1,318
Depreciation, productive assets		19			18

Gross profit		818			283

Sales, general and administration expenses:
Personnel costs		369			366
Professional fees		91			133
Administration, rents		28			22
General expenses		123			169
Depreciation, nonproductive assets		1			—

Total sales, general and administration expenses		612			690

Operating income (loss)		206			(407	)

Other income (expense)
Interest expense		(8	)		(4	)
Total other income (expense)		(8	)		(4	)

Net Income (Loss) Before Tax		198			(411	)

Provision for income taxes		44			35

Net income (loss)	$	154		$	(446	)

Per share information
Net income (loss) per common share	$	154.22		$	(445.64	)

Weighted average shares outstanding		1,000			1,000

F-2

RIO BRAVO OILFIELD SERVICES, INC.

COMBINED STATEMENTS OF CASH FLOWS

Unaudited

(USD in thousands)

	Three Months Ended March 31,
	2015			2014
Operating Activities
Net income (loss)	$	154		$	(446	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		20			18
(Gain) loss on change in fair value of
foreign exchange forward contracts		—			18

Changes in operating assets and liabilities:
Accounts receivable, net		13			(355	)
Inventories, net		851			(2,288	)
Prepaid expenses and other current assets		229			854
Accounts payable		(399	)		209
Advance payments and deposits		—			9
Accrued personnel costs		11			50
Customer advance payments		(946	)		(4	)
Accrued taxes, warranties and other expenses		(21	)		(13	)
Cash provided by (used in) operating activities		(88	)		(1,948	)
Investing Activities
Purchases of property and equipment		(9	)		(93	)
Net cash used in investing activities		(9	)		(93	)

Financing Activities
Payments on bank lines of credit		(3	)		(4	)
Payments on long-term debt		(5	)		(5	)
Owner distributions paid		(6	)		—
Net cash provided by (used in) financing activities		(14	)		(9	)
Effect of exchange rates on cash and cash equivalents		23			8

Net increase (decrease) in cash and cash equivalents		(88	)		(2,042	)
Cash and cash equivalents at the beginning of the quarter		180			2,659

Cash and cash equivalents at the end of the quarter	$	92		$	617

Supplemental Disclosure of Cash Flow Information:
Cash paid during the quarter for interest	$	6		$	4

Cash paid during quarter for taxes	$	15		$	27

F-3

NOVAMEX ENERGY INC. - FORM 8-K/A - EX-99.2 - September 15, 2015