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EVOLVING SYSTEMS, INC.
UNAUDITED BALANCE SHEET
(in thousands except share data)
| November 15, 2002 | |||||
---|---|---|---|---|---|---|
ASSETS | ||||||
Current assets: | ||||||
Cash and cash equivalents | $ | 7,001 | ||||
Contract receivables, net of allowance of $658 | 10,573 | |||||
Unbilled work-in-progress | 815 | |||||
Prepaid and other current assets | 1,001 | |||||
Total current assets | 19,390 | |||||
Property and equipment, net | 2,233 | |||||
Restricted cash | 500 | |||||
Total assets | $ | 22,123 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
Current liabilities: | ||||||
Current portion of long-term obligations | $ | 33 | ||||
Accounts payable and accrued liabilities | 4,533 | |||||
Unearned revenue | 12,252 | |||||
Total current liabilities | 16,818 | |||||
Long-term obligations | 85 | |||||
Total liabilities | 16,903 | |||||
Stockholders' equity: | ||||||
Common stock, $0.001 par value; 25,000,000 shares authorized; 13,296,835 shares issued and outstanding as of November 15, 2002 | 13 | |||||
Additional paid-in capital | 53,628 | |||||
Accumulated deficit | (48,421 | ) | ||||
Total stockholders' equity | 5,220 | |||||
Total liabilities and stockholders' equity | $ | 22,123 | ||||
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EVOLVING SYSTEMS, INC. UNAUDITED BALANCE SHEET (in thousands except share data)