Third Quarter 1997 Financial Data
ZOOM TELEPHONICS, INC.
Consolidated Balance Sheets
( 000's )
SEPT 30, DEC 31,
1997 1996
(Unaudited) (Audited)
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Assets
Current assets:
Cash $ 12,383 $ 9,172
Accounts receivable, net 6,541 18,970
Inventories 13,026 19,058
Recoverable income taxes 4,713 1,219
Deferred income taxes 2,031 2,033
Prepaid expenses and other 758 532
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Total current assets 39,452 50,984
Property and equipment, net 4,074 4,081
Other non-current assets 1,506 1,717
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$ 45,032 $ 56,782
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 3,260 $ 8,074
Accrued expenses 1,309 1,353
Other current liabilities 256 -
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Total current liabilities 4,825 9,427
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Stockholders' equity:
Common stock 25,173 24,890
Retained earnings 15,034 22,465
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Total stockholders' equity 40,207 47,355
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$ 45,032 $ 56,782
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