Dataram Reports Fiscal 2014 Fourth Quarter and Annual Financial Results

Note- All amounts shown have been adjusted to reflect the reverse 1-for-6 stock split effective March 15, 2013.

* Items are recorded as a component of operating costs and expenses in the Company’s financial statements filed with the Securities and Exchange Commission on Form 10-K.

DATARAM CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

   
April 30, 2014 April 30, 2013
 
ASSETS
Current assets
Cash and cash equivalents $ 258 $ 324
Accounts receivable, net 3,663 2,885
Inventories 2,291 2,903
Note receivable - 275
Other current assets   7   81
Total current assets 6,219 6,468
 
Property and equipment, net 219 425
 
Other assets 51 56
 
Intangible assets, net - 133
 
Goodwill   1,083   1,083
 
Total assets $ 7,572 $ 8,165
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Note payable-revolving credit line $ 2,970 $ 1,876
Accounts payable 1,438 948
Accrued liabilities 929 684
Due to related party – current portion   -   400
Total current liabilities 5,337 3,908
 
Due to related party – long term - 1,267
Other liabilities   250   -
Total liabilities 5,587 5,175
 
Stockholders' equity   1,985   2,990
 
Total liabilities and stockholders' equity $ 7,572 $ 8,165






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