Stereotaxis
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S-1/A
STEREOTAXIS, INC. filed this Form S-1/A on 06/17/2004
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STEREOTAXIS, INC.

BALANCE SHEETS
                           
December 31

March 31
2002 2003 2004



(Unaudited)
Assets
                       
Current assets:
                       
 
Cash and cash equivalents
  $ 28,834,123     $ 21,356,247     $ 27,614,180  
 
Short-term investments
          5,124,365       5,061,986  
 
Accounts receivable, net of allowance of $1,650, $116,725 and $232,089 in 2002, 2003, and March 31, 2004, respectively
    436,146       559,721       3,784,759  
 
Current portion of long-term receivables
          155,331       150,641  
 
Inventories
    2,360,607       4,430,228       4,626,997  
 
Prepaid expenses and other current assets
    470,277       876,264       1,107,586  
     
     
     
 
Total current assets
    32,101,153       32,502,156       42,346,149  
Property and equipment, net
    699,582       2,309,467       2,509,503  
Intangible assets
          1,944,444       1,911,111  
Long-term receivables
          465,993       301,282  
Other assets
    120,137       101,359       93,497  
     
     
     
 
Total assets
  $ 32,920,872     $ 37,323,419     $ 47,161,542  
     
     
     
 
 
Liabilities and stockholders’ equity
Current liabilities:
                       
 
Current maturities of long-term debt
  $ 904,311     $ 2,289,314     $ 2,131,801  
 
Accounts payable
    1,505,361       1,697,497       1,877,566  
 
Accrued liabilities
    2,556,332       4,936,233       4,624,562  
 
Deferred contract revenue
    1,652,000       814,393       2,692,243  
     
     
     
 
Total current liabilities
    6,618,004       9,737,437       11,326,172  
Long-term debt, less current maturities
    2,281,321       2,243,768       2,154,849  
Other liabilities
    14,901       75,786       134,858  
Stockholders’ equity:
                       
 
Convertible preferred stock, issued in series, par value $0.001; 65,000,000 shares authorized at December 31, 2002 and 2003 and 70,000,000 shares authorized at March 31, 2004 (unaudited); 51,635,017, 61,055,286 and 66,436,116 shares issued and outstanding at December 31, 2002 and 2003, and March 31, 2004 (unaudited), respectively; liquidation preference of $111,283,107, $146,819,436, and $165,712,996 at December 31, 2002 and 2003 and March 31, 2004 (unaudited), respectively
    51,635       61,055       66,436  
 
Common stock, par value of $0.001; 80,000,000 shares authorized at December 31, 2002 and 2003 and 95,000,000 shares authorized at March 31, 2004 (unaudited); 5,003,891, 5,454,709, and 5,613,530 shares issued at December 31, 2002 and 2003, and March 31, 2004 (unaudited), respectively; 4,989,516, 5,388,771, and 5,547,175 shares outstanding at December 31, 2002 and 2003, and March 31, 2004 (unaudited), respectively
    5,004       5,455       5,613  
 
Additional paid-in capital
    88,442,639       113,899,964       129,915,569  
 
Deferred compensation
    (674,344 )     (835,801 )     (670,968 )
 
Treasury stock, 14,375, 65,938, and 66,355 shares at December 31, 2002 and 2003, and March 31, 2004 (unaudited), respectively
    (15 )     (67 )     (67 )
 
Notes receivable from sale of stock
    (439,345 )     (448,413 )     (446,117 )
 
Accumulated deficit
    (63,378,928 )     (87,415,765 )     (95,265,762 )
 
Accumulated other comprehensive loss
                (59,041 )
     
     
     
 
Total stockholders’ equity
    24,006,646       25,266,428       33,545,663  
     
     
     
 
Total liabilities and stockholders’ equity
  $ 32,920,872     $ 37,323,419     $ 47,161,542  
     
     
     
 

See accompanying notes.

F-3


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