Dataram Reports Results for First Quarter Fiscal 2017

 

 

DATARAM CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)








July 31, 2016


April 30, 2016

ASSETS





Current assets





   Cash and cash equivalents


$        149


$          56

   Accounts receivable, net


1,617


2,746

   Inventories


1,269


1,336

   Other current assets


216


123

      Total current assets


3,251


4,261






Property and equipment, net


40


51






Other assets


34


30






Capitalized software development cost


314


326






Goodwill


1,083


1,083






Total assets


$     4,722


$    5,751






LIABILITIES AND STOCKHOLDERS' EQUITY





Current liabilities





   Note payable-revolving credit line


$     1,049


$     1,776

   Accounts payable


971


737

   Accrued liabilities


132


159

   Convertible notes payable related parties    


80


80

      Total current liabilities


2,232


2,752






   Other liabilities-related party


96


107

      Total liabilities


2,328


2,859






Stockholders' equity


2,394


2,892






Total liabilities and stockholders' equity


$     4,722


$    5,751





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