Consolidated Balance Sheets
DECEMBER 31, 2011 & 2010
TYRATECH, INC. • ANNUAL REPORT 2011 • PAGE 30
2011 2010
ASSETS
Current assets
Cash and cash equivalents $905,115 $3,343,581
Accounts receivable, net 11,816 791,423
Inventory 167,897 341,414
Prepaid expenses 72,043 104,528
Current assets from discontinued operations - 597
Total current assets 1,156,871 4,581,543
Property and equipment, net of accumulated depreciation 380,385 626,397
Long term deposits 65,000 -
Total assets $1,602,256 $5,207,940
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities
Accounts payable 299,327 $428,971
Accrued liabilities 448,752 884,099
Current liabilities from discontinued operations - 2,028
Deferred revenue 668,717 1,951,643
Other current liabilities - 6
Total current liabilities 1,416,796 3,266,747
Other long-term liabilities 2,341,706 2,102,483
Total liabilities 3,758,502 5,369,230
Shareholders' deficit
Common stock, $0.001 par, authorised 100 million;
51.8 million shares issued (2010:51.8 million shares issued) 51,856 51,837
Additional paid-in capital 69,785,077 69,059,576
Retained deficit (71,987,811) (69,267,152)
Treasury stock of 0 (2010: 13,741) - (177)
Total shareholders' deficit (2,150,878) (155,916)
Non-controlling interest (5,368) (5,374)
Total TyraTech Inc. shareholders' deficit (2,156,246) (161,290)
Total liabilities and shareholders' deficit $1,602,256 $5,207,940
The accompanying notes are an integral part of these consolidated financial statements.
