Ebix, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except for share amounts)
March 31, December 31,
ASSETS 2006 2005
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Current assets: (Unaudited)
Cash and cash equivalents $6,246 $6,733
Restricted cash - -
Accounts receivable, less allowance of $18
and $11, respectively 3,885 3,502
Other current assets 520 444
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Total current assets 10,651 10,679
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Property and equipment, net 1,408 1,488
Capitalized software, net - -
Goodwill 12,047 12,204
Intangibles, net 3,058 3,293
Other assets 285 317
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Total assets $27,449 $27,981
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Line of credit $- $-
Accounts payable and accrued expenses 1,518 1,962
Accrued payroll and related benefits 677 1,450
Current portion of long term debt 966 969
Current portion of capital lease
obligations - -
Deferred revenue 3,017 2,794
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Total current liabilities 6,178 7,175
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Long term debt, less current portion 1,348 1,844
Redeemable Common Stock - 1,461
Stockholders' equity:
Convertible Series D Preferred stock, $.10
par value, 500,000 shares authorized, no
shares issued and outstanding - -
Common stock, $.10 par value, 10,000,000
shares authorized, 2,753,352 and
2,740,516 shares issued and outstanding,
respectively 275 274
Additional paid-in capital 94,040 92,539
Accumulated deficit (74,554) (75,689)
Accumulated other comprehensive income 162 377
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Total stockholders' equity 19,923 17,501
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Total liabilities and stockholders'
equity $27,449 $27,981
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