CardioGenesis Laser Therapies for Angina and Heart Disease Patients 4 23 03 Q 1 03 Page 5
CARDIOGENESIS CORPORATION REPORTS 2003 FIRST QUARTER RESULTS
PAGE 5-5-5
CARDIOGENESIS CORPORATION
CONDENSED AND CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
March 31,
December 31,
2003 2002
ASSETS
Cash and cash equivalents
$ 1,576
$ 1,490
Accounts receivable, net
1,946 1,961
Inventories
1,535 1,632
Property and equipment, net
526 589
Other assets
1,989 2,083
Total assets
$ 7,572
$ 7,755
LIABILITIES & SHAREHOLDERS' EQUITY
Accounts payable and accrued liabilities
$ 3,099
$ 3,423
Deferred revenue
641 621
Shareholders' equity
3,832 3,711
Total liabilities and shareholders' equity
$ 7,572
$ 7,755
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