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Previous: CAPSULE COMMUNICATIONS INC DE, 8-K, EX-10, 2000-07-11 |
Next: AXCELIS TECHNOLOGIES INC, 424B4, 2000-07-11 |
<PAGE>
CAPSULE COMMUNICATIONS, INC.
BALANCE SHEET
<TABLE>
<CAPTION>
(IN THOUSANDS)
06/30/00 (1)
<S> <C>
ASSETS
Current Assets
Cash and Cash Equivalents $ 2,885
Accounts Receivable Net of Allowance 6,597
Other 233
---------
Total Current Assets 9,715
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Property, Equipment & Leaseholds 7,636
Less: Accumulated Depreciation & Amortization (4,843)
---------
Total Property, Equipment & Leaseholds 2,793
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Other Assets, Principally Deposits 503
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Total Assets $ 13,011
=========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Note Payable $ 941
Accounts Payable 6,394
Accrued Expenses and All Other 3,499
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Total Current Liabilities 10,834
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Long Term Liabilities, Capital Lease 62
Shareholders' Equity & Surplus 2,115(2)
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Total Liabilities & Shareholders' Equity $ 13,011
=========
</TABLE>
NOTES:
1) The Balance Sheet reflects activity through June 30, 2000.
2) Per an Investment Agreement, the Company on June 30, 2000, issued shares of
its common stock in exchange for a $900,000 private placement investment to
be received in total by August 15, 2000. The Investment Agreement also calls
for the Company to receive an additional $2.1mil in private placement funds
throughout the remainder of 2000.
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