8x8 1998 Annual Report Download - page 35

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8X8, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)
NOTES
PREFERRED STOCK COMMON STOCK ADDITIONAL RECEIVABLE UNREALIZED
------------------- ------------------- PAID IN FROM DEFERRED LOSS ON
SHARES AMOUNT SHARES AMOUNT CAPITAL STOCKHOLDERS COMPENSATION INVESTMENTS
---------- ------ ---------- ------ ---------- ------------ ------------ -----------
Balance at March 31,
1995.................... 3,041,820 $ 3 4,550,721 $ 5 $10,547 $ -- $ -- $ --
Issuance of common stock
upon exercise of
options................. -- -- 246,389 1 609 -- -- --
Repurchase of unvested
common stock............ -- -- (15,089) (1) (1) -- -- --
Net loss.................. -- -- -- -- -- -- -- --
---------- --- ---------- --- ------- ------- ------- ----
Balance at March 31,
1996.................... 3,041,820 3 4,782,021 5 11,155 -- -- --
Issuance of common stock
upon exercise of
options................. -- -- 2,188,265 2 1,095 (1,078) -- --
Issuance of common
stock................... -- -- 20,000 -- 10 -- -- --
Issuance of Series D
convertible
noncumulative preferred
stock................... 684,553 1 -- -- 3,764 -- -- --
Deferred compensation
related to stock
options................. -- -- -- -- 7,267 -- (2,781) --
Net loss.................. -- -- -- -- -- -- -- --
---------- --- ---------- --- ------- ------- ------- ----
Balance at March 31,
1997.................... 3,726,373 4 6,990,286 7 23,291 (1,078) (2,781) --
Issuance of common stock
upon initial public
offering, net of
issuance costs of
$2,231.................. -- -- 4,140,000 4 24,675 -- -- --
Issuance of common stock
upon exercise of options
and purchases under the
employee stock purchase
plan.................... -- -- 483,593 -- 597 -- -- --
Conversion of convertible
noncumulative preferred
stock to common stock... (3,726,373) (4) 3,726,373 4 -- -- -- --
Issuance of warrant....... -- -- -- -- 17 -- -- --
Repayment of notes
receivable from
stockholders............ -- -- -- -- -- 162 -- --
Repurchase of unvested
common stock............ -- -- (46,638) -- (23) 23 -- --
Deferred compensation
related to stock
options................. -- -- -- -- (772) -- 2,037 --
Unrealized loss on
investments............. -- -- -- -- -- -- -- (45)
Net income................ -- -- -- -- -- -- -- --
---------- --- ---------- --- ------- ------- ------- ----
Balance at March 31,
1998.................... -- $-- 15,293,614 $15 $47,785 $ (893) $ (744) $(45)
========== === ========== === ======= ======= ======= ====
RETAINED
EARNINGS
(ACCUMULATED
DEFICIT) TOTAL
------------ --------
Balance at March 31,
1995.................... $ 3,428 $ 13,983
Issuance of common stock
upon exercise of
options................. -- 610
Repurchase of unvested
common stock............ -- (2)
Net loss.................. (3,217) (3,217)
-------- --------
Balance at March 31,
1996.................... 211 11,374
Issuance of common stock