Exhibit 99.2

FIBERGATE HOLDINGS, INC. & SUBSIDIARY

Alexandria, Virginia

FINANCIAL REPORT

December 31, 2011

CONTENTS

INDEPENDENT AUDITOR’S REPORT

To the Board of Directors

Fibergate Holdings, Inc.

Alexandria, Virginia

We have audited the consolidated balance sheets of Fibergate Holdings, Inc. and subsidiary as of December 31, 2011 and 2010, and the related consolidated statements of income, stockholders’ equity, and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Fibergate Holdings, Inc. and Subsidiary of December 31, 2011 and 2010, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Winchester, Virginia

March 27, 2012

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FIBERGATE HOLDINGS, INC. & SUBSIDIARY

Balance Sheets

December 31, 2011 and 2010

See Notes to Financial Statements.

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FIBERGATE HOLDINGS, INC. & SUBSIDIARY

Statements of Income

For the Years Ended December 31, 2011 and 2010

See Notes to Financial Statements.

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FIBERGATE HOLDINGS, INC. & SUBSIDIARY

Statements of Stockholders’ Equity

For the Years Ended December 31, 2011 and 2010

See Notes to Financial Statements.

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FIBERGATE HOLDINGS, INC. & SUBSIDIARY

Statements of Cash Flows

For the Years Ended December 31, 2011 and 2010

See Notes to Financial Statements.

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FIBERGATE HOLDINGS, INC. & SUBSIDIARY

Notes to Financial Statements

Fibergate Holdings, Inc. is a privately held, “C” corporation, which was incorporated in the Commonwealth of Virginia in June 2006. It previously operated as FiberGate, Inc. which was incorporated in May 1995 and is now a wholly-owned subsidiary of Fibergate Holdings, Inc. The Company leases dark (unlit) fiber optic cable lines for dedicated, high-speed data communications to customers throughout the metropolitan Washington, D.C./Baltimore, MD area. The Company currently owns and maintains approximately 650 miles of fiber optic lines representing approximately 130,000 fiber miles in D.C., Maryland and Virginia.

The majority of the Company’s customers are agencies of the federal government (approximately 60%), with the remainder evenly divided between enterprises and communications carriers.

A summary of the Company’s significant accounting policies follows:

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary after elimination of all significant intercompany accounts and transactions.

Basis of Accounting

The Company’s policy is to prepare its financial statements on the accrual basis of accounting, with revenue being recognized when earned and expenses being recognized when the obligation is incurred.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

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Notes to Financial Statements

Revenue Recognition

The majority of the revenue is for the lease and maintenance of dedicated fiber lines which are leased on a monthly basis over contractual terms of generally three to five years and are recognized in the month in which it is earned. Nearly all customers renew their leases annually after the initial contract term. Customers are also often charged a one-time, up-front fee for the installation of fiber lines to be leased to them over the contract term. Such charges vary depending on the cost and magnitude of the installation.

Cash Equivalents

The Company considers all highly-liquid instruments with original maturities of three months or less to be cash equivalents.

Accounts Receivable

Trade receivables are stated at original contract amount less an estimate for doubtful receivables based on a review of outstanding amounts at the end of the year. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables. There was no reserve for doubtful accounts recorded by management as of December 31, 2011 and 2010. There was no bad debt expense for the years ended December 31, 2011 and 2010.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment is computed using the straight-line method over useful lives of three to ten years, as follows:

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Notes to Financial Statements

Fair Value of Financial Instruments

The carrying amounts of the Company’s financial instruments approximate their fair value.

Income Taxes

The Company accounts for income taxes under the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be reversed.

The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.

The components of property and equipment as of December 31, 2011 and 2010 are as follows:

Depreciation expense for the years ended December 31, 2011 and 2010 was $2,325,840 and $1,948,163, respectively. Construction in progress is not depreciated until the asset is placed in service.

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Notes to Financial Statements

Notes payable consist of the following as of December 31, 2011 and 2010:

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Notes to Financial Statements

Aggregate maturities of notes payable are as follows:

The Company made cash payments for interest expense of $146,659 and $57,480 for the years ended December 31, 2011 and 2010, respectively.

Revenue for installations is generally deferred when billed and is then recognized over a five-year period, beginning with the commencement of the lease term. Smaller amounts billed to customers for connection charges or line relocation charges are recognized immediately as current period revenue.

The following is a breakdown of the billings for these services, the amounts deferred and the revenue recognized during 2011 and 2010.

Amounts billed to customers for such costs during 2011 and 2010 were as follows:

Deferred installation revenue activity for the 2011 and 2010 was as follows:

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Notes to Financial Statements

The deferred installation revenue mentioned above has been classified on the accompanying balance sheets as of December 31, 2011 and 2010 as follows:

Installation revenue earned as reported for 2011 and 2010 was as follows:

Net deferred tax assets (liabilities) consist of the following components as of December 31, 2011 and 2010:

The deferred tax amounts mentioned above have been classified on the accompanying balance sheets as of December 31, 2011 and 2010 as follows:

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Notes to Financial Statements

The provision for income taxes charged to operations for the years ended December 31, 2011 and 2010, consists of the following:

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income for the years ended December 31, 2011 and 2010, due to the following:

The Company made cash payments of approximately $1,750,000 and $1,867,000 for income taxes during the years ended December 31, 2011 and 2010, respectively.

The Financial Accounting Standards Board issued new guidance on accounting for uncertainty in income taxes. Management evaluated the Company’s tax positions and concluded that the Company had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the Company is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2008.

The Company maintains a Defined Contribution 401(k) Profit Sharing Plan for all full-time employees who have worked with the Company for a minimum of six months. Participants make voluntary contributions to the Plan up to the maximum amount allowable by law. The Company matches an employee’s contribution up to a maximum of five percent of base salary. All employer contributions are vested immediately with the participant. The Company contributed $62,501 and $59,819 for the years ended December 31, 2011 and 2010, respectively.

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Notes to Financial Statements

The Company maintains a stock option plan (Fibergate Holdings, Inc. Amended and Restated Stock Option Plan “the Plan”) under which shares of common stock of the Company are reserved for grants to employees, directors or affiliates of the Company. Under the Plan, the Company has granted incentive stock options to key individuals in accordance with Section 422 of the IRS Code. The exercise price per share of each option equals the fair market value, as determined, of the Company’s common stock on the date of the grant. Options vest ratably over a period of three years and are exercisable over a ten-year period, except in the case of individuals who own greater than ten percent of the Company, in which case options are exercisable over a five-year period. In the event a change in control of the Company, as defined, all options become fully vested and immediately exercisable.

The compensation cost that has been charged against income for the plan was $60,256 and $35,344 for the years ended December 31, 2011 and 2010, respectively.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model that uses the assumptions noted in the following table. The Company uses historical volatility data for expected volatility and estimates the expected term of its stock options based on the historical life of the Company’s options. The expected term represents an estimated of the time options are expected to remain outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. treasury yield curve in effect at the time of the grant.

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Notes to Financial Statements

A summary of option activity under the Plan as of and for the years ended December 31, 2011 and 2010, is as follows:

The weighted average grant-date fair value of options granted during the 2011 and 2010 years was $.88 and $.72, respectively. The total intrinsic value of options exercised during the years ended December 31, 2011 and 2010 was $43,450 and $602,968, respectively.

As of December 31, 2011, there was $121,419 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan. That cost is expected to be recognized over a weighted-average period of 2.0 years.

The Company leases its main headquarters office space at a rate of $1,600 per month and had a one-year lease agreement which expired in 2010. Effective January 1, 2011, the Company entered into a two-year lease for the premises at the same rate with an option for an additional two years.

The Company also entered into a lease in December 2010 for additional office space next to its existing premises for $1,500 per month for two years with an option for an additional two years at $1,600 per month.

In addition, the Company leases certain facilities for fiber connection locations (cabinet or cage space) also known as co-location facilities through which portions of the Company’s fiber optic cable network pass. The co-location or connection facilities are operating lease arrangements of generally one to five years.

The Company also leases small storage facilities under month-to-month rental arrangements.

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Notes to Financial Statements

Future minimum lease payments required under these operating leases for subsequent years are as follows:

Rent expense for the years ended December 31, 2011 and 2010 was approximately $104,000 and $80,000, respectively.

In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through March 27, 2012, the date the financial statements were available to be issued.

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