P 27
Consolidated Balance Sheets
December 31, 2009 and 2008
2009
2008
Assets
Current assets
Cash and cash equivalents
$ 1,265,373
$ 9,175,712
Accounts receivable, net
574,857
559,788
Inventory
640,782
1,696,252
Prepaid expenses
214,730
796,453
T
otal current assets
2,695,742
12,228,205
Property and equipment, net of accumulated depreciation
834,636
1,254,571
T
otal assets
$ 3,530,378
$ 13,482,776
Liabilities and Shareholders' Equity
Current liabilities
Accounts payable
$ 1,239,523
$ 741,659
Accrued liabilities
1,675,550
935,797
Deferred revenue
476,500
1,198,992
Current installments of obligation under a capital lease
16,601
20,339
Liability for warrants
6
618
T
otal current liabilities
3,408,180
2,897,405
Other long-term liabilities
104,712
16,601
T
otal liabilities
3,512,892
2,914,006
Commitments and contingencies (Notes 7 and 16)
-
-
Shareholders' equity
Common stock, $0.001 par, authorised 100 million; issued and outstanding 22 million
22,000
22,000
Additional paid-in capital
63,177,312
59,874,782
Retained deficit
(63,176,664
)
(49,323,817
)
Treasury stock of 326,241 (2008: 321,937) common stock, $0.001 par
(4,195
)
(4,195
)
T
otal TyraTech, Inc. shareholders' equity
18,453
10,568,770
Non-controlling interest
(967
)
-
Total shareholders' equity
17,486
10,568,770
T
otal liabilities and shareholders' equity
$ 3,530,378
$ 13,482,776
The accompanying notes are an integral part of these consolidated financial statements.
