8x8 2005 Annual Report Download - page 45

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42
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,
2005 2004
ASSETS
Current assets:
Cash and cash equivalents.............................................................................. $ 22,515 $ 13,249
Restricted cash..................................................................................................
.
250 800
Short-term investments....................................................................................
.
9,035 --
Accounts receivable, net of allowance of
$68 and $135...................................................................................................... 1,144 608
Inventory............................................................................................................ 1,600 98
Deferred cost of goods sold............................................................................ 2,122 310
Other current assets.........................................................................................
.
363 335
Total current assets..................................................................................
.
37,029 15,400
Property and equipment, net.............................................................................
.
1,788 158
Other assets.........................................................................................................
.
263 13
$ 39,080 $ 15,571
LIAB ILITIES AND S TOCKHOLDERS ' EQUITY
Current liabilities :
Accounts payable............................................................................................. $ 4,496 $ 854
Accrued compensation....................................................................................
.
515 415
Accrued warranty.............................................................................................
.
187 194
Deferred revenue............................................................................................... 2,602 547
Other accrued liabilities.................................................................................... 1,536 559
Total current liabilities.............................................................................. 9,336 2,569
N
on-current liabilities.........................................................................................
.
-- 216
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred s tock, $0.001 par value:
Authorized: 5,000,000 shares ;
Iss ued and outs tanding: 1 share at March 31, 2005
and March 31, 2004.......................................................................................
.
-- --
Common s tock, $0.001 par value:
Authorized: 100,000,000 shares at March 31, 2005
and March 31, 2004;
Issued and outstanding: 53,816,989 shares
at March 31, 2005 and 38,315,769 shares
at March 31, 2004......................................................................................... 54 38
Additional paid-in capital..................................................................................
.
200,576 164,469
Deferred compensation......................................................................................
.
-- (3)
Accumulated other comprehensive loss.........................................................
.
(20) --
Accumulated deficit............................................................................................ (170,866) (151,718)
Total stockholders' equity.......................................................................
.
29,744 12,786
$ 39,080 $ 15,571