SCHEDULE I
PFSWEB, INC. AND SUBSIDIARIES
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS — PARENT COMPANY ONLY
(In thousands)
| |
|
|
|
|
|
|
|
|
| |
|
December 31, |
|
|
December 31, |
|
| |
|
2008 |
|
|
2007 |
|
ASSETS: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
926 |
|
|
$ |
175 |
|
Receivable from Priority Fulfillment Services, Inc. |
|
|
5,624 |
|
|
|
5,602 |
|
Receivable from eCOST.com, Inc. |
|
|
4,700 |
|
|
|
4,700 |
|
Investment in subsidiaries |
|
|
22,609 |
|
|
|
38,365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
33,859 |
|
|
$ |
48,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
|
|
|
|
|
|
|
Payable to PFSweb BV SPRL |
|
$ |
774 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS’ EQUITY: |
|
|
|
|
|
|
|
|
Preferred stock |
|
|
— |
|
|
|
— |
|
Common stock |
|
|
10 |
|
|
|
10 |
|
Additional paid-in capital |
|
|
92,728 |
|
|
|
92,121 |
|
Accumulated deficit |
|
|
(61,393 |
) |
|
|
(45,738 |
) |
Accumulated other comprehensive income |
|
|
1,825 |
|
|
|
2,534 |
|
Treasury stock |
|
|
(85 |
) |
|
|
(85 |
) |
|
|
|
|
|
|
|
Total shareholders’ equity |
|
|
33,085 |
|
|
|
48,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders’ equity |
|
$ |
33,859 |
|
|
$ |
48,842 |
|
|
|
|
|
|
|
|
The condensed financial statements should be read in conjunction with the consolidated financial
statements and notes.
93
|