
VERTICALNET, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)	December 31,		June 30, 2007			Pro forma					Pro forma June 30,
	2006					adjustments					2007
			(Unaudited)								(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	2,809	$	1,238		$	—				$	1,238
Accounts receivable, net		3,877		4,386			—					4,386
Prepaid expenses and other current assets		778		1,291			—					1,291

Total current assets		7,464		6,915			—					6,915
Property and equipment, net		920		738			—					738
Goodwill		9,709		9,743			—					9,743
Other intangible assets, net		2,184		1,495			—					1,495
Other assets		416		242			—					242

Total assets	$	20,693	$	19,133		$	—				$	19,133

Liabilities and Shareholders’ Equity (Deficit)
Current liabilities:
Current portion of long-term debt, convertible notes, and other non-current liabilities	$	2,170	$	6,196		$	—				$	6,196
Accounts payable and accrued expenses		5,698		5,641			(21	)	(a	)		5,620
Deferred revenues		3,756		3,735			—					3,735

Total current liabilities		11,624		15,572			(21	)				15,551
Warrant liabilities		—		3,500			(3,500	)	(a	)		—
Non-current portion of deferred revenue		857		875			—					875
Long-term debt and other non-current liabilities		5,270		82			—					82

Total liabilities		17,751		20,029			(3,521	)				16,508
Redeemable Series B convertible preferred stock		—		90			(90	)	(a	)		—
Total shareholders’ equity (deficit)		2,942		(986	)		3,611		(a	)		2,625

Total liabilities and shareholders’ equity (deficit)	$	20,693	$	19,133		$	—				$	19,133


(a)	Reflects the change in the classification of the preferred stock and warrants (in thousands):

Accrued expenses – (deemed dividends) reclassed to equity		$	21
Warrant liabilities – reclassed to equity			3,500
Redeemable Series B convertible preferred stock – reclassed to equity			90


		$	3,611

VERTICALNET INC 8-K