Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except for share and per share amounts)
June 30, December 31,
2007 2006
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(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 11,700 $ 5,013
Accounts receivable, less allowance of $58
and $36, respectively 9,680 7,973
Other current assets 1,185 913
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Total current assets 22,565 13,899
Property and equipment, net 2,169 2,183
Goodwill 23,752 23,118
Intangible assets, net 6,994 7,867
Other assets 260 285
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Total assets $ 55,740 $ 47,352
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Line of credit $ 0 $ 10,000
Accounts payable and accrued expenses 1,512 1,854
Accrued payroll and related benefits 950 1,549
Current portion of long term debt 1,061 1,006
Current portion of capital lease obligations 3 3
Current deferred rent 44 44
Deposits 98 -
Deferred revenue 6,318 5,552
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Total current liabilities 9,986 20,008
Long term debt, less current portion 456 934
Long term capital lease obligation, less
current portion 7 9
Long term deferred rent 230 235
Other Liabilities - -
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, 3,260,964 issued and
2,848,288 outstanding at June 30, 2007 and
December 31, 2006 323 286
Additional paid-in capital 108,365 94,914
Treasury stock 8,890 shares repurchased as
of June 30, 2007 and December 31, 2006 (149) (149)
Accumulated deficit (65,249) (69,724)
Accumulated other comprehensive income 1,771 839
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Total stockholders' equity 45,061 26,166
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Total liabilities and stockholders' equity $ 55,740 $ 47,352
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