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Third Quarter 1998 Financial Data
ZOOM TELEPHONICS, INC.
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Consolidated Balance Sheets
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( 000's )
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SEPT 30,
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DEC 31,
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1998
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1997
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(Unaudited)
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(Audited)
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Assets
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Current assets:
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Cash
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$ 18,712,328
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$ 11,281,337
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Accounts receivable, net
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8,028,787
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13,365,413
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Inventories
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9,062,308
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12,034,349
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Recoverable income taxes
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(458,334)
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3,793,963
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Deferred income taxes
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3,870,485
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2,388,189
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Prepaid expenses and other
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277,981
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212,989
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Total current assets
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39,493,555
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43,076,240
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Property and equipment, net
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3,668,887
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3,967,767
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Other non-current assets
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1,399,725
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1,471,266
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$ 44,562,167
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$ 48,515,273
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
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Accounts payable
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$ 6,329,055
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$ 6,204,370
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Accrued expenses
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306,450
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1,808,308
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Total current liabilities
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6,635,505
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8,012,678
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Stockholders' equity:
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Common stock
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25,118,243
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25,170,267
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Retained earnings
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12,808,419
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15,332,328
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Total stockholders' equity
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37,926,662
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40,502,595
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$ 44,562,167
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$ 48,515,273
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