Dataram Reports Fiscal 2015 Fourth Quarter and Annual Financial Results

 

 

DATARAM CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)








April 30, 2015


April 30, 2014

ASSETS





Current assets





   Cash and cash equivalents


$        327


$         258

   Accounts receivable, net


2,171


3,663

   Inventories


2,089


2,291

   Other current assets


69


7

      Total current assets


4,656


6,219






Property and equipment, net


121


219






Other assets


50


51






Capitalized software development cost


365


-






Goodwill


1,083


1,083






Total assets


$     6,275


$    7,572






LIABILITIES AND STOCKHOLDERS' EQUITY





Current liabilities





   Note payable-revolving credit line


$     2,109


$     2,970

   Accounts payable


880


1,438

   Accrued liabilities


282


929

   Convertible notes payable, net of discount


600


-

   Convertible notes payable related parties, net of discount


108


-

      Total current liabilities


3,979


5,337






   Other liabilities-related party


179


250

      Total liabilities


4,158


5,587






Stockholders' equity


2,117


1,985






Total liabilities and stockholders' equity


$     6,275


$    7,572





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