8x8 2007 Annual Report Download - page 75

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quarter of 2007 as opposed to the third fiscal quarter of 2007.
(2) To reflect a $67,000 reduction in expense related to a tooling cost in the period ended December 31, 2006, that was
recorded as a period expense, but should have been amortized over the estimated life of the tooling and a $26,000 reduction in
stock compensation expense in the third fiscal quarter of 2007, due to excess expense incorrectly recorded related to the
termination of an employee.
(3) To reflect a $36,000 reduction in stock compensation expense in the second fiscal quarter of 2007, due to excess
expense incorrectly recorded related to the termination of an employee.
(4) To reflect change in fair value of the warrants classified as a liability during the quarter.
As previously Restatement
Reported Adjustments Restated
Research and development 1,360 (39) 1,321 (1)
Total operating expenses 18,255 (39) 18,216
Loss from operations (5,984) 39 (5,945)
Income on change in fair
value of warrant liability - 3,898 3,898 (2)
Net loss $ (5,741) $ 3,937 $ (1,804)
Net loss per share:
Basic $ (0.09) $ 0.06 $ (0.03)
Diluted $ (0.09) $ 0.06 $ (0.03)
Three months ended June 30, 2006
(1) To reflect a $39,000 reduction in stock compensation expense, due to excess expense incorrectly recorded related to
the termination of an employee.
(2) To reflect change in fair value of warrants classified as a liability during the quarter.
As previously Restatement As previously Restatement
Reported Adjustments Restated Reported Adjustments Restated
Income on change in fair
value of warrant liability - 994 994 (1) - 624 624 (1)
Net loss $ (6,646) $ 994 $ (5,652) $ (6,789) $ 624 $ (6,165)
Net loss per share:
Basic $ (0.11) $ 0.02 $ (0.09) $ (0.12) $ 0.01 $ (0.11)
Diluted $ (0.11) $ 0.02 $ (0.09) $ (0.12) $ 0.01 $ (0.11)
As previously Restatement As previously Restatement
Reported Adjustments Restated Reported Adjustments Restated
Income (loss) on change in fair
value of warrant liability - (957) (957) (1) - 225 225 (1)
Net loss $ (5,568) $ (957) $ (6,525) $ (5,136) $ 225 $ (4,911)
Net loss per share:
Basic $ (0.10) $ (0.02) $ (0.12) $ (0.10) $ 0.01 $ (0.09)
Diluted $ (0.10) $ (0.02) $ (0.12) $ (0.10) $ 0.01 $ (0.09)
Three months ended September 30, 2005 Three months ended June 30, 2005
Three months ended March 31, 2006 Three months ended December 31, 2005
(1) To reflect change in fair value of warrants classified as a liability during the quarter.
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