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I looked at the balance sheet plus the first note. This is what I make of it:

The company has experienced substantial losses to date. The losses exceed the amount of equity from the stockholders of the LLC, which results in a stockholders' deficiency. This simply means that the companies liabilities exceed its assets (not a very good position IMO).

They reorganized as a standard C corporation and had an IPO in October, after the date of this 10-Q. They raised enough capital that the deficit is eliminated. That is what the pro-forma column at the right indicates - what would it look like if the IPO had happened on 9/30/99 instead of 10/8/99.

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