8x8 2003 Annual Report Download - page 44

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41
8X8, INC.
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
The accompanying notes are an integral part of these consolidated financial statements.
March 31,
2003 2002
ASSETS
Current assets:
Cash and cash equivalents.............................................................................. $ 3,371 $ 12,422
Short term investments....................................................................................
.
208 --
Accounts receivable, net of allowance of
$141 and $286, res pectively............................................................................
.
1,290 1,239
Inventory............................................................................................................ 352 733
Other current assets.........................................................................................
.
595 612
Total current assets..................................................................................
.
5,816 15,006
Property and equipment, net.............................................................................
.
841 2,740
Intangibles and other assets.............................................................................
.
48 1,907
$ 6,705 $ 19,653
LIAB ILITIES AND S TOCKHOLDERS ' EQUITY
Current liabilities :
Accounts payable............................................................................................. $ 652 $ 548
Accrued compensation....................................................................................
.
847 921
Accrued warranty.............................................................................................
.
477 478
Deferred revenue............................................................................................... 545 2,421
Other accrued liabilities .................................................................................... 1,125 958
Income taxes payable.......................................................................................
.
226 280
Total current liabilities.............................................................................. 3,872 5,606
Contingently redeemable common stock........................................................
.
669 813
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.001 par value:
Authorized: 5,000,000 shares;
Iss ued and outstanding: 1 share at March 31, 2003
and March 31, 2002.......................................................................................
.
-- --
Common stock, $0.001 par value:
Authorized: 100,000,000 shares at March 31, 2003
and March 31, 2002;
Issued and outstanding: 28,470,987 shares
at March 31, 2003 and 28,228,215 s hares
at March 31, 2002......................................................................................... 28 27
Additional paid-in capital..................................................................................
.
150,827 150,612
Deferred compensation......................................................................................
.
(12) (30)
Accumulated other comprehensive loss.........................................................
.
-- (99)
Accumulated deficit............................................................................................ (148,679) (137,276)
Total stockholders' equity.......................................................................
.
2,164 13,234
$ 6,705 $ 19,653