8x8 2007 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2007 8x8 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

8X8, INC.
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
2007 2006
(Restated)
ASSETS
Current assets:
Cash and cash equivalents $ 6,735 $ 6,259
Short-term investments 5,197 14,705
Accounts receivable, net of allowance of $54 and $55 736 776
Inventor
y
2,629 1,738
Deferred cost of goods sold 1,064 1,542
Other current assets 438 774
Total current assets 16,799 25,794
Long-term investments - 1,993
Property and equipment, ne
t
2,840 3,071
Other assets 319 262
Total assets $ 19,958 $ 31,120
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 4,919 $ 4,907
Accrued compensatio
n
825 937
Accrued warrant
y
323 301
Deferred revenue 1,488 2,493
Other accrued liabilities 3,386 2,319
Total current liabilities 10,941 10,957
Non-current liabilities 253 70
Fair value of warrant liabilit
y
3,387 7,123
Total liabilities 14,581 18,150
Commitments and contingencies (Note 6)
Stockholders' equity:
Preferred stock, $0.001 par value:
Authorized: 5,000,000 shares;
Issued and outstanding: no shares at March 31, 2007
and at March 31, 2006 - -
Common stock, $0.001 par value:
Authorized: 100,000,000 shares at March 31, 2007 and March 31, 2006;
Issued and outstanding: 61,771,832 shares
at March 31, 2007 and 61,138,280 shares at March 31, 2006 62 61
Additional paid-in capital 205,567 203,263
Accumulated other comprehensive loss (3) (35)
Accumulated defici
t
(200,249) (190,319)
Total stockholders' equit
y
5,377 12,970
Total liabilities and stockholders' equit
y
$ 19,958 $ 31,120
March 31,
The accompanying notes are an integral part of these consolidated financial statements.
44