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| Online Resources Reports 169 Percent Increase in End Users For the Second Quarter 2000 |
ONLINE RESOURCES CONDENSED BALANCE SHEET
| |
JUNE 30,
2000
(UNAUDITED) |
DECEMBER 31,
1999 |
ASSETS
Current assets: |
| Cash and cash equivalents |
$1,308,698 |
$1,588,187 |
| Investments in available for sale |
10,918,497 |
19,905,929 |
| Accounts receivable, net |
2,319,587 |
1,875,707 |
| Prepaid expenses and other |
847,668 |
946,207 |
| Total current assets |
15,394,450 |
24,316,030 |
| Property and equipment, net |
5,419,253 |
4,616,672 |
| Other assets |
276,630 |
284,473 |
| Total assets |
$21,090,333 |
$29,217,175 |
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities: |
| Accounts payable, accrued liabilities
and other |
$2,358,795 |
$2,293,659 |
| Deferred revenues |
515,250 |
417,926 |
| Current portion of long term obligations |
408,781 |
709,076 |
| Total current liabilities |
3,282,826 |
3,420,661 |
| Long term obligation, less current maturities |
297,493 |
329,480 |
| Total Liabilities |
3,580,319 |
3,750,141 |
| Stockholders' equity |
17,510,014 |
25,467,034 |
| Total liabilities and
stockholders' equity |
$21,090,333 |
$29,217,175 |
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