PRSS 2017 Annual Report

The accompanying notes are an integral part of these consolidated financial statements. 46 CAFEPRESS INC. CONSOLIDATED BALANCE SHEETS (In thousands, except par value amounts) December 31, 2017 2016 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 24,924 $ 19,980 Short-term investments 6,007 23,808 Accounts receivable 1,496 1,288 Inventory, net 3,128 3,119 Deferred costs 781 798 Prepaid expenses and other current assets 2,412 2,310 Total current assets 38,748 51,303 Property and equipment, net 10,679 10,936 Restricted cash 1,513 — Other assets 232 681 TOTALASSETS $ 51,172 $ 62,920 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable $ 2,351 $ 1,803 Accrued royalties payable 2,872 3,623 Accrued liabilities 8,693 11,765 Deferred revenue 1,020 748 Capital lease obligation, current — 347 Total current liabilities 14,936 18,286 Other long-term liabilities 305 166 TOTAL LIABILITIES 15,241 18,452 Commitments and contingencies (Note 10) Stockholders’ equity: Preferred stock, $0.0001 par value: 10,000 shares authorized as of December 31, 2017 and 2016; none issued and outstanding — — Common stock, $0.0001 par value: 500,000 shares authorized; 16,932 and 16,643 outstanding as of December 31, 2017 and 2016, respectively 2 2 Additional paid-in capital 101,697 99,756 Accumulated other comprehensive loss (4) — Accumulated deficit (65,764) (55,290) TOTAL STOCKHOLDERS’ EQUITY 35,931 44,468 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 51,172 $ 62,920