MoSys, Inc. Reports Fourth Quarter and Full Year 2009 Financial Results
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MOSYS, INC.
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CONDENSED CONSOLIDATED BALANCE SHEETS
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(in thousands, unaudited)
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December 31,
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December 31,
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2009
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2008 (1)
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Assets
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Current assets:
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Cash, cash equivalents and investments
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$
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31,338
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$
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44,075
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Accounts receivable, net
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739
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688
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Unbilled contract receivables
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1,022
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428
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Prepaid expenses and other assets
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3,235
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2,158
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Total current assets
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36,334
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47,349
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Long-term investments
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9,098
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23,395
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Property and equipment, net
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1,561
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958
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Goodwill
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23,017
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12,326
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Intangible assets, net
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4,616
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-
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Other assets
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1,147
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1,905
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Total assets
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$
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75,773
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$
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85,933
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Liabilities and Stockholders’ Equity
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Current liabilities:
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Accounts payable
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$
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514
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$
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167
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Accrued expenses and other liabilities
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1,750
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2,235
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Accrued acquisition-related earn-out costs
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5,659
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-
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Accrued restructuring liabilities
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112
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1,004
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Deferred revenue
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2,901
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639
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Total current liabilities
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10,936
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4,045
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Long-term liabilities
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136
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-
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Stockholders' equity
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64,701
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81,888
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Total liabilities and stockholders’ equity
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$
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75,773
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$
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85,933
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(1) Financial statements have been revised to reflect immaterial
increases in stock-based compensation resulting from calculation
errors in the third-party stock administration software used by
the Company.
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