First Quarter 1997 Financial Data
ZOOM TELEPHONICS, INC.
Consolidated Balance Sheets
( 000's )
MAR 31, DEC 31,
1997 1996
(Unaudited) (Audited)
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Assets
Current assets:
Cash $ 8,970 $ 9,172
Accounts receivable, net 16,205 18,970
Inventories 19,012 19,058
Recoverable income taxes 911 1,219
Deferred income taxes 2,033 2,033
Prepaid expenses and other 332 532
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Total current assets 47,463 50,984
Property and equipment, net 4,189 4,081
Other non-current assets 1,657 1,717
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$ 53,309 $ 56,782
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 5,657 $ 8,074
Accrued expenses 971 1,353
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Total current liabilities 6,628 9,427
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Stockholders' equity:
Common stock 25,173 24,890
Retained earnings 21,508 22,465
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Total stockholders' equity 46,681 47,355
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$ 53,309 $ 56,782
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