8x8 2009 Annual Report Download - page 49

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8X8, INC.
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
2009 2008
ASSETS
Current assets:
Cash and cash equivalents $ 16,376 $ 11,185
Short-term investments - 3,382
Accounts receivable, net of allowance of $302 and $61 414 1,807
Inventor
y
2,297 1,539
Deferred cost of goods sold 193 943
Other current assets 648 549
Total current assets 19,928 19,405
Property and equipment, ne
t
1,485 2,010
Other assets 443 136
Total assets $ 21,856 $ 21,551
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 4,810 $ 4,885
Accrued compensation 1,264 1,048
Accrued warrant
y
328 314
Accrued taxes 1,777 2,896
Deferred revenue 2,254 3,139
Other accrued liabilities 2,081 976
Total current liabilities 12,514 13,258
Non-current liabilities 291 109
Fair value of warrant liabilit
y
21 335
Total liabilities 12,826 13,702
Commitments and contingencies (Note 3)
Stockholders' equity:
Preferred stock, $0.001 par value:
Authorized: 5,000,000 shares;
Issued and outstanding: no shares at March 31, 2009
and at March 31, 2008 - -
Common stock, $0.001 par value:
Authorized: 100,000,000 shares at March 31, 2009 and March 31, 2008;
Issued and outstanding: 62,686,039 shares
at March 31, 2009 and 62,067,269 shares at March 31, 2008 63 62
Additional paid-in capital 211,686 208,001
Accumulated other comprehensive income - 5
Accumulated defici
t
(202,719) (200,219)
Total stockholders' equity 9,030 7,849
Total liabilities and stockholders' equit
y
$ 21,856 $ 21,551
March 31,
The accompanying notes are an integral part of these consolidated financial statements.
47