Ebix, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except for share amounts)
June 30, December 31,
ASSETS 2006 2005
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Current assets: (Unaudited)
Cash and cash equivalents $4,432 $6,733
Accounts receivable, less allowance of $19
and $11, respectively 5,071 3,502
Other current assets 479 444
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Total current assets 9,982 10,679
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Property and equipment, net 1,676 1,488
Goodwill 12,859 12,204
Intangibles assets, net 5,196 3,293
Other assets 285 317
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Total assets $29,998 $27,981
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses $1,836 $1,962
Accrued payroll and related benefits 1,180 1,450
Current portion of long term debt 978 969
Current portion of capital lease obligation 3 -
Current Deferred Rent 44 -
Deferred revenue 2,920 2,794
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Total current liabilities 6,961 7,175
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Long term debt, less current portion 1,374 1,844
Long term debt capital lease obligation, less
current portion 11 -
Long term deferred rent 243 -
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, 2,764,828 issued and 2,763,726
outstanding at June 30, 2006 and 2,740,516
issued and outstanding at December 31, 2005 276 274
Additional paid-in capital 94,175 92,539
Treasury stock (1,102 shares repurchased as
of June, 30, 2006) (20) -
Accumulated deficit (73,056) (75,689)
Accumulated other comprehensive income 34 377
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Total stockholders' equity 21,409 17,501
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Total liabilities and stockholders' equity $29,998 $27,981
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