Ebix, Inc. and Subsidiaries
Consolidated Balance Sheets
(in thousands, except for share amounts)
March 31, December 31,
2007 2006
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ASSETS (Unaudited)
Current assets:
Cash and cash equivalents $6,521 $5,013
Accounts receivable, less allowance of $36
and $36 8,691 7,973
Prepaids and other current assets 761 913
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Total current assets 15,973 13,899
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Property and equipment, net 2,162 2,183
Goodwill 23,218 23,118
Intangibles assets, net 7,414 7,867
Other assets 285 285
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Total assets $49,052 $47,352
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Line of credit 10,000 10,000
Accounts payable and accrued expenses 1,822 1,854
Accrued payroll and related benefits 1,053 1,549
Current portion of long term debt 1,015 1,006
Current portion of capital lease obligation 3 3
Current deferred rent 44 44
Deferred revenue 5,999 5,552
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Total current liabilities 19,936 20,008
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Long term debt, less current portion 448 934
Long term debt capital lease obligation, less
current portion 9 9
Long term deferred rent 235 235
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, 2,857,178 issued and
2,848,288 outstanding at March 31, 2007 and
December 31, 2006 286 286
Additional paid-in capital 95,003 94,914
Treasury stock 8,890 shares repurchased as of
March 31, 2007 and December 31, 2006 (149) (149)
Accumulated deficit (67,762) (69,724)
Accumulated other comprehensive income 1,046 839
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Total stockholders' equity 28,424 26,166
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Total liabilities and stockholders' equity $49,052 $47,352
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