Ebix, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except share amounts)
December 31, December 31,
2005 2004
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ASSETS
Current assets:
Cash and cash equivalents $6,733 $5,843
Restricted cash - 3,000
Accounts receivable, less allowances of $11
and $13 3,502 3,256
Other current assets 444 587
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Total current assets 10,679 12,686
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Property and equipment, net 1,488 1,450
Goodwill 12,204 12,669
Intangibles, net 3,293 4,234
Other assets 317 296
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Total assets $27,981 $31,335
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Line of credit $- $3,500
Accounts payable and accrued expenses 1,962 1,781
Accrued payroll and related benefits 1,450 1,522
Current portion of long term debt 969 977
Deferred revenue and deposit liabilities 2,794 2,989
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Total current liabilities 7,175 10,769
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Long term debt, less current portion 1,844 2,796
Redeemable common stock 1,461 4,262
Stockholders' equity:
Convertible Series D Preferred stock, $.10
par value, 500,000 and 2,000,000 shares
authorized, no shares issued and outstanding
at December 31, 2005 and December 31, 2004,
respectively - -
Common stock, $.10 par value, 10,000,000 and
40,000,000 shares authorized, 2,740,516 and
2,911,154 issued and outstanding at December
31, 2005 and December 31, 2004, respectively 273 291
Additional paid-in capital 92,825 92,717
Deferred compensation (285) (376)
Accumulated deficit (75,689) (80,011)
Accumulated other comprehensive income 377 887
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Total stockholders' equity 17,501 13,508
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Total liabilities and stockholders' equity $27,981 $31,335
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