24 Jun ANALYZE THE CHANGES BETWEEN THE TWO YEARS IN THE COMPOSITION OF ASSETS WITHIN THE DIFFERENT CATEGORIES, THE CAPITAL STRUCTURE
Accounting Financial Statement
See the attached Consolidated Balance Sheet for GlobalSCAPE, Inc. Use it to prepare a Common-Size Consolidated Balance Sheet for 2015 and
2016. Analyze the changes between the two years in the composition of assets within the different categories, the capital structure, and
the debt structure (long-term relative to short term) Submit the Statement and your Analysis. (To prepare a common-size balance sheet,
divide each amount by the amount of total assets.
Consolidated Balance Sheets – USD ($) $ in Thousands
GlobeSCAPE, Inc. Dec. 31, 2016 Dec. 31, 2015
Current assets:
Cash and cash equivalents $ 8,895 $ 15,885
Short term investments 2,754 3,254
Accounts receivable (net of allowance for doubtful accounts of $325 and $511 in 2015 and 2014, respectively) 6,964 5,875
Federal income tax receivable 169 545
Prepaid expenses 521 511
Total current assets 19,303 26,070
Property and equipment, net 456 498
Long term investments 12,779 0
Capitalized software development costs 3,743 3,982
Goodwill 12,712 12,712
Deferred tax asset 942 940
Other assets 245 60
Total assets 50,180 44,262
Current liabilities:
Accounts payable 876 839
Accrued expenses 1,836 1,893
Deferred revenue 13,655 12,460
Total current liabilities 16,367 15,192
Deferred revenue, non-current portion 3,790 3,808
Other long term liabilities 147 134
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value $0.001 per share, 10,000,000 authorized, no shares issued or outstanding 0 0
Common stock, par value $0.001 per share, 40,000,000 authorized, 21,920,912 and 21,303,467 shares issued at December 31, 2016 and December
31, 2015, respectively 22 21
Additional paid-in capital 21,650 19,583
Treasury stock, 403,581 shares, at cost, at December 31, 2016 and December 31, 2015 (1,452) (1,452)
Retained earnings 9,656 6,976
Total stockholders’ equity 29,876 25,128
Total liabilities and stockholders’ equity $ 50,180 $ 44,262
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