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WINNERS ALL INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' (DEFICIT) EQUITY
AS OF JULY 31, 1995, 1994, 1993
Stock Common Stock
Amount Amount
Preferred Par Value Par Value Paid-In
Shares $1.00 Shares $0.01 Capital
------ ------ ------ ------ -------
Balance at July 31, 1993 -- -- 10,159,998 101,599 3,378,401
Receipt of Stock Subscription
Receivable -- -- -- -- --
Issuances of Stock -- -- 77,135 771 255,211
Issuance of Common Stock
Pursuant to Recapitalization 617,500 610,035 1,874,597 18,746 978,577
Conversion of Series A
Preferred Stock to Common Stock (505,000) (505,000) 181,800 1,818 503,182
Acquisition and Retirement of
Treasury Stock -- -- (176,750) (1,768) (297,783)
Net(Loss) for the Year -- -- -- -- --
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Stock
Subscription Accumulated Treasury Stock
Receivable Deficit Subtotal Shares Amount Total
---------- ------- -------- ------ ------ -----
Balance at July 31, 1993 (135,970) (716,724) 2,627,306 -- -- 2,627,306
Receipt of Stock Subscription
Receivable 135,970 -- 135,970 -- -- 135,970
Issuances of Stock -- -- 255,982 -- -- 255,982
Issuance of Common Stock
Pursuant to Recapitalization -- -- 1,607,358 336,000 (273,000) 1,334,358
Conversion of Series A
Preferred Stock to CommonStock -- -- -- -- -- --
Acquisition and Retirement of
Treasury Stock -- -- (299,551) (336,000) 273,000 (26,551)
Net (Loss) for the Year -- (875,431) (875,431) -- -- (875,431)
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SEE INDEPENDENT AUDITORS' REPORT
AND ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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