1998 First Quarter Results Out
businesswire.com
Here are the numbers:
First Virtual Holdings Inc.
Statements of Operations
Three months ended
March 31, March 31,
1998 1997
..................................
Revenues $ 280,669 $ 392,917
Operating expenses $ 3,875,517 $ 4,034,437
Loss from operations $(3,594,848) $(3,641,520)
Net loss $(3,577,136) $(3,473,573)
Preferred stock dividends $ (87,502) $ 0
Net loss applicable
to common shares $(3,664,638) $(3,473,573)
Net loss per share,
basic and diluted $ (0.38) $ (0.39)
Shares used in per share
computation, basic
and diluted 9,605,870 8,795,323
First Virtual Holdings Inc.
Condensed Balance Sheets
March 31, December 31,
1998 1997
Cash and cash equivalents $2,291,197 $6,331,059
Total current assets $2,680,768 $6,957,659
Total assets $4,631,025 $9,048,089
Accounts payable and
other liabilities $2,033,903 $2,950,055
Amounts due to stockholders $1,908,903 $1,982,403
Total current liabilities $3,817,806 $4,769,958
Series A convertible
preferred stock $4,093,750 $4,687,500
Total stockholders' deficit $(3,405,531) $(571,869)
Total liabilities and
stockholders' deficit $4,631,025 $9,048,089 |
