Incredimail 2008 Annual Report Download - page 74

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The accompanying notes are an integral part of the consolidated financial statements.
F - 6
Balance as of January 1, 2006
$
12
$
1,154
$
(257
)
$
78
$
(1,022
)
$
-
$
(35
)
Issuance of share capital upon initial public
offering, net
5
16,374
-
-
-
-
16,379
Conversion of preferred shares
3
3,027
-
-
-
-
3,030
Issuance of shares upon the acquisition of
Bizchord
*)
100
-
-
-
-
100
Issuance of shares to non
-
employees
*)
60
-
-
-
-
60
Reclassification of deferred stock compensation
to
additional paid-in capital upon adoption of
SFAS 123R
-
(257
)
257
-
-
-
-
Stock based compensation
-
525
-
-
-
-
525
Exercise of share options
*)
10
-
-
-
-
10
Comprehensive income:
Changes in unrealized holding gains on
marketable
securities, net
-
-
-
31
-
-
$
31
31
Net income
-
-
-
-
2,477
-
2,477
2,477
Total comprehensive income
$
2,508
Balance as of December 31, 2006
20
20,993
-
109
1,455
-
22,577
Tax benefit in respect of offering expenses
143
-
-
-
-
143
Issuance of shares to non
-
employees
*)
63
-
-
-
-
63
Stock based compensation
706
-
-
-
-
706
Exercise of share options
*)
124
-
-
-
-
124
FIN 48 opening balance adjustment
-
-
-
-
(83
)
-
(83
)
Comprehensive income:
Changes in unrealized holding gains on
marketable
securities, net
-
-
-
3
-
$
3
3
Net loss
-
-
-
-
(2,762
)
-
(2,762
)
(2,762
)
Total comprehensive loss
$
(2,759
)
Balance as of December 31, 2007
20
22,029
-
112
(1,390
)
-
20,771
Stock based compensation
-
1,165
-
-
-
-
1,165
Exercise of share options
1
164
-
-
-
-
165
Repurchase of Ordinary shares
-
-
-
-
-
(882
)
(882
)
Comprehensive income:
Changes in unrealized holding gains on marketable
securities, net
-
-
-
(100
)
-
-
(100
)
(100
)
Net income
-
-
-
-
4,425
-
4,425
4,425
Total comprehensive income
$
4,325
Balance as of December 31, 2008
$
21
$
23,358
$
-
$
12
$
3,035
$
(882
)
$
25,544
*)
Represents an amount less than $1.
INCREDIMAIL LTD. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Year ended December 31,
2006
2007
2008