Overstock.com 2005 Annual Report Download - page 107

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Overstock.com, Inc.
Notes to Consolidated Financial Statements (Continued)
25. VARIABLE INTEREST ENTITY (Continued)
entity for which the Company was determined to be the primary beneficiary. As such, the financial statements of the entity are
consolidated into the financial statements of the Company.
The carrying amount and classification of the consolidated assets that are collateral for the entity's obligations include (in
thousands):
December 31,
2005
Cash $ 295
Accounts receivable 113
Inventory 7,373
Prepaid expenses —
Property and equipment 224
$ 8,005
During the first quarter of 2006, the Company temporarily removed the functionality for the customer to design jewelry from its
website, and therefore the entity will sell its inventory through other sales channels.
F-37