Skip to Page Content

Press Releases

« back to Release


Online Resources Reports Continued Strong Growth In Gross Profit And Users For Third Quarter 2000

Condensed Balance Sheet

  SEPTEMBER 30,
2000
(UNAUDITED)
DECEMBER 31,
1999
ASSETS
Current assets:
Cash and cash equivalents $1,758,130 $1,588,187
Investments in available for sale securities 23,761,890 19,905,929
Accounts receivable, net 3,085,755 1,875,707
Prepaid expenses and other 1,060,765 946,207
Total current assets 29,666,540 24,316,030
Property and equipment, net 5,559,000 4,616,672
Other assets 1,478,555 284,473
Total assets $36,704,095 $29,217,175
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable, accrued liabilities and other $2,617,678 $2,293,659
Deferred revenues 437,043 417,926
Current portion of long term obligations 375,954 709,076
Total current liabilities 3,430,675 3,420,661
Long term obligation, less current maturities 111,864 329,480
Notes payable 20,000,000 --
Total Liabilities 23,542,539 3,750,141
Stockholders' equity 13,161,556 25,467,034
Total liabilities and stockholders' equity $36,704,095 $29,217,175

back

Media Contact: Donald W. Schuster of the Torrenzano Group,
212.681.1700, ext. 103,
dwschuster@torrenzano.com
Investors Contact: Carl D. Blandino, CFO of Online Resources,
703.394.5100, ext. 103,
cblandino@orcc.com