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| Revenues Double, End-Users Nearly Triple Versus Prior Year |
ONLINE RESOURCES
Condensed Balance Sheets
| |
March 31,
2000
(Unaudited) |
December 31,
1999 |
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 2,828,958 |
$ 1,588,187 |
| Investment in available for sale |
14,352,662 |
19,905,929 |
| Accounts receivable, net |
1,984,545 |
1,875,707 |
| Prepaid expenses and other |
865,626 |
946,207 |
| Total current assets |
20,031,791 |
24,316,030 |
| Property and equipment, net |
4,949,142 |
4,616,672 |
| Other assets |
259,744 |
284,473 |
| Total assets |
$ 25,240,677 |
$ 29,217,175 |
| Current Liabilities: |
|
|
| Accounts payable, accrued liabilities
and other |
$ 2,045,856 |
$ 2,293,659 |
| Deferred revenues |
374,116 |
417,926 |
| Current portion of long term |
535,564 |
709,076 |
| Total current liabilities |
2,955,536 |
3,420,661 |
| Long-term obligations - less current
portion |
329,160 |
329,480 |
| Stockholders equity |
21,955,981 |
25,467,034 |
| Total liabilities and stockholders'
equity |
$ 25,240,677 |
$ 29,217,175 |
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