IMAA>>>$2,000,000 in cash only. Liquidity problem looming? Check out financials filed on 16th August.. FINANCIAL STATEMENTS
INFORMATION MANAGEMENT ASSOCIATES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
June 30, December 31,
1999 1998
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(unaudited)
ASSETS
Current assets:
Cash and short term investments........................ $ 2,014 $ 11,649
Accounts receivable, net............................... 20,383 16,487
Other current assets................................... 1,860 1,985
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Total current assets................................ 24,257 30,121
Equipment, net............................................ 4,549 3,134
Other assets, net ....................................... 3,778 3,983
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$ 32,584 $ 37,238
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current maturities of capital lease obligations........ 344 73
Accounts payable and accrued liabilities............... 10,877 11,412
Deferred revenues...................................... 5,008 4,341
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Total current liabilities........................... 16,229 15,826
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Other long-term liabilities............................... 884 490
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Shareholders' equity:
Common stock, no par value; 9,698,106 and 9,697,088
shares outstanding at June 30, 1999 and December
31, 1998................................................. 55,255 54,691
Shares to be issued in connection with acquisition........ - 564
Cumulative translation adjustment......................... (320) (63)
Accumulated deficit....................................... (39,464) (34,270)
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Total shareholders' equity.......................... 15,471 20,922
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$ 32,584 $ 37,238
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