SCHEDULE I
PFSWEB, INC. AND SUBSIDIARIES
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS – PARENT COMPANY ONLY
(In thousands)
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December 31, |
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December 31, |
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2006 |
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2005 |
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ASSETS: |
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Cash and cash equivalents |
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$ |
281 |
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$ |
— |
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Receivable from Priority Fulfillment Services, Inc. |
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5,478 |
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6,846 |
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Receivable from eCOST.com, Inc. |
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4,700 |
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— |
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Investment in subsidiaries |
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38,381 |
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23,088 |
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Total assets |
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$ |
48,840 |
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$ |
29,934 |
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LIABILITIES: |
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Total liabilities |
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$ |
— |
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$ |
— |
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SHAREHOLDERS’ EQUITY: |
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Preferred stock |
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— |
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— |
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Common stock |
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47 |
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23 |
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Additional paid-in capital |
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91,302 |
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58,736 |
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Accumulated deficit |
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(44,354 |
) |
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(29,824 |
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Accumulated other comprehensive income |
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1,930 |
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1,084 |
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Treasury stock |
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(85 |
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(85 |
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Total shareholders’ equity |
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48,840 |
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29,934 |
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Total liabilities and shareholders’ equity |
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$ |
48,840 |
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$ |
29,934 |
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The condensed financial statements should be read in conjunction with the consolidated
financial statements and notes.
96
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