8x8 2008 Annual Report Download - page 46

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8X8, INC.
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
2008 2007
ASSETS
Current assets:
Cash and cash equivalents $ 11,185 $ 6,735
Short-term investments 3,382 5,197
Accounts receivable, net of allowance of $61 and $54 1,807 736
Inventory 1,539 2,629
Deferred cost of goods sold 943 1,064
Other current assets 549 438
Total current assets 19,405 16,799
Property and equipment, ne
t
2,010 2,840
Other assets 136 319
Total assets $ 21,551 $ 19,958
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 4,885 $ 4,919
Accrued compensation 1,048 825
Accrued warranty 314 323
Accrued taxes 2,896 2,078
Deferred revenue 3,139 1,488
Other accrued liabilities 976 1,308
Total current liabilities 13,258 10,941
N
on-current liabilities 109 253
Fair value of warrant liability 335 3,387
Total liabilities 13,702 14,581
Commitments and contingencies (Note 4)
Stockholders' equity:
Preferred stock, $0.001 par value:
Authorized: 5,000,000 shares;
Issued and outstanding: no shares at March 31, 2008
and at March 31, 2007 - -
Common stock, $0.001 par value:
Authorized: 100,000,000 shares at March 31, 2008 and March 31, 2007;
Issued and outstanding: 62,067,269 shares
at March 31, 2008 and 61,771,832 shares at March 31, 2007 62 62
Additional paid-in capital 208,001 205,567
Accumulated other comprehensive income (loss) 5 (3)
Accumulated defici
t
(200,219) (200,249)
Total stockholders' equity 7,849 5,377
Total liabilities and stockholders' equity $ 21,551 $ 19,958
March 31,
The accompanying notes are an integral part of these consolidated financial statements.
44