Warren, here is ZITEL's latest balance sheet....
ZITEL CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
($000's)
June 30, September 30,
1996 1995
ASSETS
Current assets:
Cash and cash equivalents $ 7,852 $11,265
Accounts receivable, net 8,041 4,200
Inventories 3,896 2,987
Deferred and refundable taxes 2,035 4,348
Other current assets 2,236 418
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Total current assets 24,060 23,218
Fixed assets, net 1,986 1,419
Other assets, net 4,275 1,569
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Total assets $30,321 $26,206
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt $ - $ 13
Accounts payable 1,193 1,725
Accrued liabilities 1,542 1,511
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Total current liabilities 2,735 3,249
Shareholders' equity:
Common stock 20,772 19,916
Retained earnings 6,814 3,041
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Total shareholders' equity 27,586 22,957
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Total liabilities and
shareholders' equity $30,321 $26,206
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