8x8 1999 Annual Report Download - page 43

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The accompanying notes are an integral part of these financial statements.
38
Issuance of common stock
upon exercise of
options................ -- 19
Issuance of common
stock.................. -- 10
Issuance of Series D
convertible
noncumulative preferred
stock.................. -- 3,765
Deferred compensation
related to stock
options................ -- 4,486
Net and total
comprehensive loss..... (13,613) (13,613)
-------- --------
Balance at March 31,
1997................... (13,402) 6,041
Issuance of common stock
upon initial public
offering, net of
issuance costs of
$2,231................. -- 24,679
Issuance of common stock
upon exercise of
options and purchases
under the employee
stock purchase plan.... -- 597
Conversion of
convertible
noncumulative preferred
stock to common stock.. -- --
Issuance of warrant..... -- 17
Repayment of notes
receivable from
stockholders........... -- 162
Repurchase of unvested
common stock........... -- --
Deferred compensation
related to stock
options................ -- 1,265
Unrealized loss on
investments............ --
Net income.............. 3,727
Total comprehensive
income................. -- 3,682
-------- --------
Balance at March 31,
1998................... (9,675) 36,443
Issuance of common stock
upon exercise of
options and purchases
under the employee
stock purchase plan.... -- 838
Repayment of notes
receivable from
stockholders........... -- 498
Repurchase of unvested
common stock........... -- --
Deferred compensation
related to stock
options................ -- 416
Unrealized loss on
investments............ --
Net loss................ (19,224)
Total comprehensive
loss................... -- (19,372)
-------- --------
Balance at March 31,
1999................... $(28,899) $ 18,823
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