TYRATECH • ANNUAL REPORT 2014 • PAGE 24
C o n s o l i d at e d B a l a n c e S h e e t s
D e c e m b e r 3 1 , 2 0 1 4 & 2 0 1 3 i n $ 0 0 0 's,
exc ep t f o r s h a re d at a
2014 2013
ASSETS
Current assets
Cash and cash equivalents $2,212 $873
Accounts receivable 909 85
Inventory 925 63
Prepaid expenses 191 150
Total current assets 4,237 1,171
Property and equipment, net of accumulated depreciation ($1.5M 2014, $1.4M 2013) 84 167
Long term deposits 69 66
Total assets 4,390 1,404
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities
Accounts payable 971 250
Accrued liabilities 664 412
Liability for warrants 23 210
Deferred revenue 72 501
Total current liabilities 1,730 1,373
Deferred revenue and other long-term liabilities 89 1,381
Total liabilities 1,819 2,754
Commitments and contingencies (Note 7)
Shareholders' equity (deficit)
Common stock, at $0.001 par authorized 380 million; 262.3 million shares issued,
261.2 million shares outstanding (2013: 168.8 million shares issued,
167.7 million shares outstanding) 261 168
Additional paid in capital 87,341 78,421
Accumulated deficit (84,920) (79,826)
Accumulated other comprehensive income 2 -
Treasury stock of 1.1 million shares (2013: 1.1 million shares) (108) (108)
Total shareholders' equity (deficit) 2,576 (1,345)
Non-controlling interest (5) (5)
Total shareholders' equity (deficit) 2,571 (1,350)
Total liabilities & shareholders' equity $4,390 $1,404
The accompanying notes are an integral part of these consolidated financial statements.
