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Intelligent Systems Reports Second Quarter And YTD 2010 Profit

 

 

CONSOLIDATED BALANCE SHEETS 
(in thousands, except share amounts)
     
     
  June 30, December 31,
  2010 2009
ASSETS (unaudited)
Current assets:  
Cash $2,400 $2,795
Accounts receivable, net 2,380 1,680
Notes and interest receivable, current portion 983 492
Inventories, net  773 964
Other current assets 180 399
Total current assets 6,716 6,330
Long-term investments 1,196 1,219
Notes and interest receivable, net of current portion 554 1,006
Property and equipment, at cost less accumulated depreciation  1,271 1,256
Patents, net 200 223
Total assets $9,937 $10,034
     
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:  
Accounts payable $624 $576
Deferred revenue 720 1,355
Accrued payroll 433 423
Accrued expenses 682 565
Other current liabilities 351 406
Total current liabilities 2,810 3,325
Long-term liabilities 110 100
Total stockholders' equity  7,017 6,609
Total liabilities and stockholders' equity $9,937 $10,034
CONTACT:  Intelligent Systems Corporation
          Bonnie Herron
          770-564-5504
          bherron@intelsys.com

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