Tri-State Outdoor Media Group, Inc. Debtor-in-Possession Balance Sheet as of November 30, 2002

Summary

This document is an unaudited balance sheet for Tri-State Outdoor Media Group, Inc. as of November 30, 2002, during its period as a debtor-in-possession. It details the company's assets, liabilities, and stockholder's equity, including current and long-term assets, debts, and equity positions. The balance sheet shows significant liabilities, both subject and not subject to compromise, reflecting the company's financial status during bankruptcy proceedings.

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EX-2.A 3 y67376exv2wa.txt NOVEMBER BALANCE SHEET EXHIBIT 2(a): TRI-STATE OUTDOOR MEDIA GROUP, INC. DEBTOR-IN-POSSESSION BALANCE SHEETS (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
November 30, 2002 ------------ (unaudited) ASSETS Current Assets Cash and cash equivalents $ 509 Accounts receivable, net of allowance for doubtful accounts $ 609 2,138 Supplies 385 Prepaid production costs 849 Prepaid site leases, current portion 1,757 Prepaid commissions, current portion 663 Other current assets 258 --------- Total current assets 6,559 --------- Property and Equipment, net 60,024 --------- Other Assets Intangible assets, net 34,913 Prepaid site leases and commissions, long-term portion 532 Other 205 --------- 35,650 --------- $ 102,233 ========= LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT) Current Liabilities Liabilities not subject to compromise Current portion of long-term debt $ 19,031 Accounts payable 2,453 Accrued interest 163 Accrued expenses 29 Deferred revenue 412 --------- Total current liabilities 22,088 Long-Term Debt, net of current portion 2,450 --------- Total liabilities not subject to compromise 24,538 --------- Liabilities subject to compromise Accounts payable 640 Accrued interest 10,379 Senior notes 100,000 --------- Total liabilities subject to compromise 111,019 --------- Total liabilities 135,557 --------- Commitments and Contingencies Stockholder's Equity (Deficit) Common stock, par value, $10 per share; authorized 10,000 shares; issued and outstanding 2000 and 2001; 200 shares 2 Paid-in capital 33,841 Accumulated deficit (67,167) --------- (33,324) --------- $ 102,233 =========