8x8 2010 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2010 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)
2010 2009
ASSETS
Current assets:
Cash and cash equivalents $ 18,056 $ 16,376
Accounts receivable, net of allowance of $36 and $302 554 414
Inventory 2,174 2,297
Deferred cost of goods sold 107 193
Other current assets 558 648
Total current assets 21,449 19,928
Property and equipment, ne
t
1,871 1,485
Other assets 392 443
Total assets $ 23,712 $ 21,856
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 3,780 $ 4,810
Accrued compensation 1,444 1,264
Accrued warranty 331 328
Accrued taxes 1,804 1,777
Deferred revenue 1,310 2,254
Other accrued liabilities 1,465 2,081
Total current liabilities 10,134 12,514
N
on-current liabilities 111 291
Fair value of warrant liability 167 21
Total liabilities 10,412 12,826
Commitments and contingencies (Note 3)
Stockholders' equity:
Preferred stock, $0.001 par value:
Authorized: 5,000,000 shares;
Issued and outstanding: no shares at March 31, 2010
and at March 31, 2009 - -
Common stock, $0.001 par value:
Authorized: 100,000,000 shares at March 31, 2010 and March 31, 2009;
Issued and outstanding: 63,172,536 shares
at March 31, 2010 and 62,686,039 shares at March 31, 2009 63 63
Additional paid-in capital 212,077 211,686
Accumulated defici
t
(198,840) (202,719)
Total stockholders' equity 13,300 9,030
Total liabilities and stockholders' equity $ 23,712 $ 21,856
March 31,
The accompanying notes are an integral part of these consolidated financial statements.
43