Attached files
| file | filename |
|---|---|
| EX-99.6 - EXHIBIT 99.6 - MORGAN GROUP HOLDING CO | ex99_6.htm |
| EX-99.5 - EXHIBIT 99.5 - MORGAN GROUP HOLDING CO | ex99_5.htm |
| EX-99.4 - EXHIBIT 99.4 - MORGAN GROUP HOLDING CO | ex99_4.htm |
| EX-99.2 - EXHIBIT 99.2 - MORGAN GROUP HOLDING CO | ex99_2.htm |
| EX-99.1 - EXHIBIT 99.1 - MORGAN GROUP HOLDING CO | ex99_1.htm |
| 8-K/A - 8-K/A - MORGAN GROUP HOLDING CO | form8ka.htm |
Exhibit 99.3
Summary Historical Financial Data
Prior to the Merger, Morgan Group had nominal assets and no liabilities and did not conduct operations other than to pursue business
combination opportunities. Therefore, we believe that a presentation of the historical results of Morgan Group would not be meaningful. Accordingly, the following table sets forth summary historical financial data of G.research as of and for each
of the nine months ended September 30, 2019 and September 30, 2018 and the fiscal years ended December 31, 2018 and December 31, 2017.
The historical financial statements of G.research do not reflect changes that we expect to experience in the future as a result of
the Merger and the Private Placement. Consequently, the financial information included here may not necessarily reflect our financial position, results of operations and cash flows in the future or what G.research’s financial position, results of
operations and cash flows would have been had G.research been wholly owned by us during the periods presented.
The summary historical financial data presented below should be read in conjunction with G.research’s audited and interim unaudited
historical financial statements and accompanying notes, “—Summary Unaudited Pro Forma Condensed Consolidated Financial Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in Exhibit 99.1
to the Form 8-K.
|
|
Nine Months Ended September 30,
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Year Ended December 31,
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||||||||||||||
|
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2019
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2018
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2018
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2017
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||||||||||||
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Income
Statement Data (in thousands)
|
||||||||||||||||
|
Revenues
|
$
|
6,531
|
$
|
(6,634
|
)
|
$
|
(12,085
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)
|
$
|
15,679
|
||||||
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Total expenses
|
9,268
|
11,383
|
14,255
|
18,130
|
||||||||||||
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Loss before income tax benefit
|
(2,737
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)
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(18,017
|
)
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(26,340
|
)
|
(2,451
|
)
|
||||||||
|
Income tax benefit
|
(596
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)
|
(4,403
|
)
|
(6,103
|
)
|
(786
|
)
|
||||||||
|
Net loss attributable to G.research, LLC’s member
|
$
|
(2,141
|
)
|
$
|
(13,614
|
)
|
$
|
(20,237
|
)
|
$
|
(1,665
|
)
|
||||
|
Balance Sheet Data (in
thousands)
|
September 30,
|
December 31,
|
||||||||||
|
|
2019
|
2018
|
2017
|
|||||||||
|
Total assets
|
$
|
6,224
|
$
|
12,247
|
$
|
117,567
|
||||||
|
Other liabilities
|
1,484
|
2,066
|
1,542
|
|||||||||
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Total liabilities
|
1,484
|
2,066
|
1,542
|
|||||||||
|
Total member’s capital
|
$
|
4,740
|
$
|
10,181
|
$
|
116,025
|
||||||