 |
Fourth
Quarter 1996 Consolidated Balance Sheets
|
ZOOM TELEPHONICS, INC. |
|
Consolidated Balance Sheets |
|
( 000's ) |
|
|
DEC 31, |
|
DEC 31, |
|
1996 |
|
1995 |
|
(Unaudited) |
|
(Audited) |
| ASSETS |
|
| Current assets: |
|
|
Cash |
|
$ 9,172 |
|
$ 151 |
|
Accounts receivable, net |
|
18,470 |
|
20,396 |
|
Inventories |
|
19,058 |
|
24,174 |
|
Recoverable income taxes |
|
1,219 |
|
0 |
|
Deferred income taxes |
|
2,033 |
|
1,513 |
|
Prepaid expenses and other |
|
1,032 |
|
222 |
|
|
Total current assets |
|
50,984 |
|
46,456 |
|
| Property and equipment, net |
|
4,081 |
|
3,139 |
|
| Other non-current assets |
|
1,717 |
|
- |
|
|
$ 56,782 |
|
$ 49,595 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY
|
|
| Current liabilities: |
|
|
Credit line payable |
|
$ - |
|
$ 2,500 |
|
Accounts payable |
|
8,074 |
|
18,635 |
|
Accrued expenses |
|
1,353 |
|
949 |
|
Accrued income taxes |
|
- |
|
237 |
|
|
Total current liabilities |
|
9,427 |
|
22,321 |
|
| Stockholders' equity: |
|
|
Common stock |
|
|
24,890 |
|
7,290 |
|
Retained earnings |
|
|
22,465 |
|
19,984 |
|
|
Total stockholders' equity |
|
47,355 |
|
27,274 |
|
|
$ 56,782 |
|
$ 49,595 |
|
|
