Dataram Reports Fiscal 2016 Third Quarter and 9-Month Financial Results

 

* 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-Q.

DATARAM CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)













January 31, 2016


April 30, 2015






ASSETS





Current assets





  Cash and cash equivalents


$               701


$              327

  Accounts receivable, net


3,376


2,171

  Inventories


1,557


2,089

  Other current assets


57


69

      Total current assets


5,691


4,656






Property and equipment, net


71


121






Other assets


30


50






Capitalized software development costs, net

339


365






Goodwill


1,083


1,083






Total assets


$              7,214


$             6,275






LIABILITIES AND STOCKHOLDERS' EQUITY





Current liabilities





  Note payable-revolving credit line


$              2,694


$             2,109

  Accounts payable


684


880

  Accrued liabilities


145


282

  Convertible notes payable, net of discount


-


600

Convertible notes payable related parties, net of discount

80


108

      Total current liabilities


3,603


3,979






   Other liabilities


126


179

      Total liabilities


3,729


4,158






Stockholders' equity


3,485


2,117






Total liabilities and stockholders' equity


$           7,214


$           6,275





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