|
FINANCIAL STATEMENTS
DELTAGEN, INC.
CONSOLIDATED
BALANCE SHEETS
(UNAUDITED)
|
Consolidated Balance Sheet
|
|
|
|
|
For Quarters ending 3/31/06, 6/30/06
|
|
|
|
|
& 9/30/06
|
Unaudited
|
Unaudited
|
Unaudited
|
|
|
|
(In Thousands)
|
03/31/06
|
06/30/06
|
09/30/06
|
|
|
|
|
Consolidated
|
Consolidated
|
Consolidated
|
|
Assets
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
Cash and cash equivalents
|
10,434
|
10,789
|
11,992
|
|
|
Accounts receivable, net
|
1,561
|
3,380
|
1,808
|
|
|
Prepaids, Deposits and Tax
Assets
|
490
|
642
|
701
|
|
|
|
Total current assets
|
12,485
|
14,811
|
14,501
|
|
|
|
|
|
|
|
|
Property and equipment, net
|
84
|
73
|
73
|
|
|
|
|
|
|
|
|
Non-current portion of
deferred tax assets
|
848
|
400
|
400
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
13,417
|
15,284
|
14,974
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and
Stockholders' Equity
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
Accounts payable
|
1,539
|
1,590
|
909
|
|
|
Accrued expenses
|
80
|
143
|
275
|
|
|
|
Total liabilities
|
1,619
|
1,733
|
1,184
|
|
|
|
|
|
|
|
|
Stockholders' equity:
|
|
|
|
|
|
Common stock
|
39
|
39
|
39
|
|
|
Treasury Stock
|
(867)
|
(867)
|
(867)
|
|
|
Additional paid-in capital
|
238,648
|
217,223
|
217,348
|
|
|
Additional paid-in capital
- Stock-based compensation
|
-
|
21,548
|
21,548
|
|
|
Retained Earnings
|
(226,089)
|
(224,605)
|
(224,468)
|
|
|
Foreign currency
translation adjustment
|
67
|
211
|
190
|
|
|
|
Total stockholders' equity
|
11,798
|
13,549
|
13,790
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and
stockholders' equity
|
13,417
|
15,282
|
14,974
|
The accompanying notes are an integral part of these
consolidated financial statements.
DELTAGEN, INC.
CONSOLIDATED
INCOME STATEMENT
(UNAUDITED)
|
Consolidated Income Statement and
Statement of Retained Earnings
|
|
For Quarters ending 3/31/06, 6/30/06 & 9/30/06
|
|
|
|
Unaudited
|
Unaudited
|
Unaudited
|
|
(In Thousands)
|
03/31/06
|
06/30/06
|
09/30/06
|
|
|
Consolidated
|
Consolidated
|
Consolidated
|
|
|
|
|
|
|
Revenue
|
1,882
|
3,749
|
970
|
|
Royalty and Commission
Costs
|
493
|
1,125
|
246
|
|
Stock-Based Compensation
Expense
|
-
|
123
|
123
|
|
Other Operating Costs
|
1,063
|
767
|
590
|
|
|
|
|
|
|
Income From Operations
|
327
|
1,734
|
11
|
|
|
|
|
|
|
Interest Income
|
97
|
89
|
126
|
|
Loss on disposal of assets
|
(44)
|
-
|
-
|
|
|
|
|
|
|
Total Other Income
|
53
|
89
|
126
|
|
|
|
|
|
|
Income before provision for
income taxes
|
380
|
1,823
|
137
|
|
|
|
|
|
|
Provision for income taxes
|
|
|
|
|
Current income tax expense
|
11
|
39
|
-
|
|
Deferred income tax expense
|
152
|
817
|
-
|
|
Adjustment for valuation allowance
|
-
|
(518)
|
-
|
|
|
|
|
|
|
Total income tax expense
|
163
|
338
|
-
|
|
|
|
|
|
|
Net Income (Loss)
|
217
|
1,485
|
137
|
|
|
|
|
|
|
Retained earnings at
beginning of period
|
(226,306)
|
(226,089)
|
(224,605)
|
|
|
|
|
|
|
Retained earnings at end of
period
|
(226,089)
|
(224,605)
|
(224,468)
|
The accompanying
notes are an integral part of these consolidated financial statements.
DELTAGEN, INC.
CONSOLIDATED
CASH FLOW
(UNAUDITED)
|
Consolidated Cash Flow
|
|
|
|
For Quarters ending 3/31/06, 6/30/06 & 9/30/06
|
|
|
|
Unaudited
|
Unaudited
|
Unaudited
|
|
(In Thousands)
|
03/31/06
|
06/30/06
|
09/30/06
|
|
|
Consolidated
|
Consolidated
|
Consolidated
|
|
|
|
|
|
|
Cash flows from operating
activities:
|
|
|
|
|
|
|
|
|
|
Net Income
|
217
|
1,485
|
137
|
|
|
|
|
|
|
Adjustments to reconcile
net income to net cash
|
|
|
|
used by operating
activities
|
|
|
|
|
Depreciation
|
11
|
11
|
-
|
|
Loss on disposal of fixed assets
|
44
|
-
|
-
|
|
Stock-based compensation expense
|
-
|
123
|
123
|
|
|
|
|
|
|
(Increase) / Decrease in
operating assets
|
|
|
|
|
Accounts receivable
|
926
|
(1,819)
|
1,573
|
|
Prepaids, deposits and tax assets
|
1,165
|
297
|
(59)
|
|
|
| |
