Financial Statement
Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except for share and per share amounts)
| Sept 30, | Dec. 31, | |
| 2007 | 2006 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 15,874 | $ 5,013 |
| Accounts receivable, less allowance of $505 and $36, respectively | 9,658 | 7,973 |
| Other current assets | 1,028 | 913 |
| Total current assets | 26,560 | 13,899 |
| Property and equipment, net | 2,201 | 2,183 |
| Goodwill | 23,632 | 23,118 |
| Intangible assets, net | 6,493 | 7,867 |
| Other assets | 408 | 285 |
| Total assets | $ 59,294 | $ 47,352 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $ 1,792 | $ 1,854 |
| Accrued payroll and related benefits | 1,286 | 1,549 |
| Short term debt | -- | 10,000 |
| Current portion of long term debt and capital lease obligation | 463 | 1,009 |
| Deferred revenue | 6,174 | 5,552 |
| Other current liabilities | 205 | 44 |
| Total current liabilities | 9,920 | 20,008 |
| Long term debt and capital lease obligation, less current portion | 471 | 943 |
| Deferred rent | 218 | 235 |
| Total current liabilities | 10,609 | 21,186 |
| Stockholders' equity: | ||
| Convertible Series D Preferred stock, $.10 par value, 500 shares authorized, no shares issued and outstanding | -- | -- |
| Common stock, $.10 par value, 10,000 shares authorized, 3,291 issued and 3,282 outstanding at Sept 30, 2007 and December 31, 2006 | 325 | 286 |
| Additional paid-in capital | 108,650 | 94,914 |
| Treasury stock 9 shares repurchased as of Sept 30, 2007 and December 31, 2006 | (149) | (149) |
| Accumulated deficit | (61,556) | (69,724) |
| Accumulated other comprehensive income | 1,415 | 839 |
| Total stockholders' equity | 48,685 | 26,166 |
| Total liabilities and stockholders' equity | $ 59,294 | $ 47,352 |
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