8x8 2001 Annual Report Download - page 37

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NETERGY NETWORKS, INC.
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
ASSETS
The accompanying notes are an integral part of these consolidated financial statements.
33
MARCH 31,
---------------------
2001 2000
--------- --------
Current assets:
Cash and cash equivalents................................. $ 24,126 $ 48,576
Accounts receivable, net.................................. 2,907 1,546
Accounts receivable from related party.................... -- 1,000
Inventory................................................. 1,328 1,367
Other current assets...................................... 2,571 891
--------- --------
Total current assets.............................. 30,932 53,380
Property and equipment, net................................. 5,016 2,687
Intangibles and other assets................................ 3,197 3,916
--------- --------
$ 39,145 $ 59,983
========= ========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable.......................................... $ 1,387 $ 1,887
Accrued compensation...................................... 1,531 2,154
Accrued warranty.......................................... 525 694
Deferred revenue.......................................... 5,903 731
Other accrued liabilities................................. 1,623 1,245
Income taxes payable...................................... 306 384
--------- --------
Total current liabilities......................... 11,275 7,095
Convertible subordinated debentures....................... 6,238 5,498
--------- --------
Total liabilities................................. 17,513 12,593
--------- --------
Commitments and contingencies (Notes 10 and 15)
Stockholders' equity:
Convertible preferred stock, $0.001 par value:
Authorized: 5,000,000 shares;
Issued and outstanding: 1 share at March 31, 2001 and
none at March 31, 2000................................ -- --
Common stock, $0.001 par value:
Authorized: 100,000,000 shares at March 31, 2001 and
40,000,000 at March 31, 2000;
Issued and outstanding: 26,419,919 shares of common
stock and 260,807 Exchangeable Shares at March 31,
2001 and 22,958,921 shares of common stock at March
31, 2000.............................................. 27 23
Additional paid-in capital.................................. 150,015 101,559
Notes receivable from stockholders.......................... (1) (69)
Deferred compensation....................................... (174) (376)
Accumulated other comprehensive loss........................ (89) --
Accumulated deficit......................................... (128,146) (53,747)
--------- --------
Total stockholders' equity........................ 21,632 47,390
--------- --------
$ 39,145 $ 59,983
========= ========