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Fourth Quarter 1998 Financial Data
ZOOM TELEPHONICS, INC.
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Consolidated Balance Sheets
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( 000's )
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DEC 31,
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DEC 31,
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1998
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1997
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(Unaudited)
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(Audited)
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Assets
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Current assets:
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Cash
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$ 18,854
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$ 11,281
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Accounts receivable, net
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7,244
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13,366
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Inventories
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8,893
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12,034
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Recoverable income taxes
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64
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3,794
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Deferred income taxes
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3,226
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2,388
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Prepaid expenses and other
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230
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213
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Total current assets
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38,511
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43,076
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Property and equipment, net
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3,748
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3,968
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Other non-current assets
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1,301
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1,471
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$ 43,560
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$ 48,515
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
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Accounts payable
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$ 3,319
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$ 6,204
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Accrued expenses
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1,816
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1,808
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Total current liabilities
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5,135
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8,012
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Stockholders' equity:
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Common stock
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25,191
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25,170
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Retained earnings
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13,234
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15,333
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Total stockholders' equity
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38,425
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40,503
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$ 43,560
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$ 48,515
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