Nautilus 2000 Annual Report Download - page 35

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The total cost of the acquisition was allocated to the assets acquired and liabilities assumed as follows:
Cash $
8,512
Trade receivables 3,006,890
Inventories 3,104,131
Prepaid expenses and other current assets 108,206
Furniture and equipment 7,991,685
Other assets 4,349,839
Liabilities assumed (1,825,285 )
Total $
16,743,978
The unaudited pro forma financial information below for the year ended December31, 1998 was prepared as if the transaction had occurred on
January1, 1998:
Revenue $
76,600,696
Net income $
9,868,213
Basic earnings per share $
.47
Diluted earnings per share $
.45
The unaudited pro forma information is not necessarily indicative of what actual results would have been had the transaction occurred at the
beginning of the respective year, nor does it purport to indicate the results of future operations of the Company.
5.INVENTORIES
Inventories at December31 consisted of the following:
1999 2000
Finished goods $ 4,682,659 $ 8,093,919
Work in process 1,141,803 1,160,647
Parts and components 3,343,092 3,398,551
$ 9,167,554 $ 12,653,117
6.PROPERTY, PLANT AND EQUIPMENT
Details of property, plant and equipment are summarized as follows at December31:
Estimated
Useful Life
1999 2000
(in years)
Land N/A $
140,000 $ 1,718,495
Buildings 31.5 5,870,592 9,636,774
Computer equipment 2-5 2,737,488 5,179,365
Production equipment 5 2,481,839 2,778,679
Furniture and fixtures 5 462,174 915,040
Automobiles 7 53,000 53,000
11,745,093 20,281,353
Less accumulated depreciation (1,100,255 )
(3,612,469 )
2002. EDGAR Online, Inc.