8x8 2007 Annual Report Download - page 60

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(1) To reflect a reclassification of $1,979,000 from long-term to short-term investments.
(2) To reflect warrant liability due to changing the classification of certain warrants from equity to liability.
(3) To reflect a reduction of additional paid-in capital for the fair value of the warrants at issuance due to changing the
classification of certain warrants from equity to liability.
(4) To reflect change in fair value of the warrants classified as a liability.
As Previously Restatement
CONSOLIDATED STATEMENT OF OPERATIONS Reported Adjustments Restated
Income on change in
fair value of warrant liability $ - $ 886 $ 886 (1)
Loss before benefit for income taxes $ (24,139) $ 886 $ (23,253)
Net loss $ (24,139)
$
886
$
(23,253)
Basic and diluted loss per share $ (0.43)
$
0.01
$
(0.42)
Year Ended March 31, 2006
(1) To reflect change in fair value of the warrants classified as a liability.
As Previously Restatement
CONSOLIDATED STATEMENT OF OPERATIONS Reported Adjustments Restated
Income on change in
fair value of warrant liability
$
-
$
3,800
$
3,800 (1)
Loss before benefit for income taxes
$
(19,351)
$
3,800
$
(15,551)
Net loss
$
(19,148)
$
3,800
$
(15,348)
Basic and diluted loss per share
$
(0.43)
$
0.08
$
(0.35)
Year Ended March 31, 2005
(1) To reflect change in fair value of the warrants classified as a liability.
58