Sonic Foundry : Proforma Balance Sheet of the Registrant at June 30, 2021 (Form 8-K)

Sonic Foundry, Inc.
Condensed Consolidated Balance Sheets
(in thousands, except for share data)
(Unaudited)
		As Reported			Proforma			Proforma
		June 30, 2021			Transactions			June 30, 2021
Assets
Current assets:
Cash and cash equivalents		$	5,445				3,425	(1)		$	8,870
Accounts receivable, net of allowances of $233 & $236			5,448								5,448
Inventories			449								449
Investment in sales-type lease, current			148								148
Capitalized commissions, current			300								300
Prepaid expenses and other current assets			930								930
Total current assets			12,720								16,145
Property and equipment:
Leasehold improvements			1,113								1,113
Computer equipment			8,377								8,377
Furniture and fixtures			1,549								1,549
Total property and equipment			11,039								11,039
Less accumulated depreciation and amortization			8,066								8,066
Property and equipment, net			2,973								2,973
Other assets:
Investment in sales-type lease, long-term			189								189
Capitalized commissions, long-term			69								69
Right-of-use assets under operating leases			2,853								2,853
Other long-term assets			769								769
Total assets		$	19,573							$	22,998
Liabilities and stockholders' equity (deficit)
Current liabilities:
Accounts payable		$	724							$	724
Accrued liabilities			2,387								2,387
Current portion of unearned revenue			7,947								7,947
Current portion of finance lease obligations			83								83
Current portion of operating lease obligations			1,150								1,150
Current portion of notes payable and warrant debt, net of discounts			-								-
Total current liabilities			12,291								12,291
Long-term portion of unearned revenue			1,850								1,850
Long-term portion of finance lease obligations			26								26
Long-term portion of operating lease obligations			1,721								1,721
Long-term portion of notes payable and warrant debt, net of discounts			552								552
Derivative liability, at fair value			63								63
Other liabilities			31								31
Total liabilities			16,534								16,534
Commitments and contingencies
Stockholders' equity (deficit):
Preferred stock, $.01 par value, authorized 500,000 shares; none issued			-								-
9% Preferred stock, Series A, voting, cumulative, convertible, $.01 par value (liquidation preference of $1,000 per share), authorized 4,500 shares; zero shares issued and outstanding, at amounts paid in			-								-
5% Preferred stock, Series B, voting, cumulative, convertible, $.01 par value (liquidation preference at par), authorized 1,000,000 shares, none issued			-								-
Common stock, $.01 par value, authorized 10,000,000 shares; 8,063,713 and 7,965,325 shares issued, respectively and 8,050,997 and 7,952,609 shares outstanding, respectively			81				9	(1)			90
Additional paid-in capital			209,693				3,416	(1)			213,109
Accumulated deficit			(205,984	)							(205,984	)
Accumulated other comprehensive loss			(582	)							(582	)
Treasury stock, at cost, 12,716 shares			(169	)							(169	)
Total stockholders' equity (deficit)			3,039								6,464
Total liabilities and stockholders' equity (deficit)		$	19,573							$	22,998

(1) Represents $3,500,000 issuance of common stock at $3.70 per share, less expenses of $75,000, completed July 27, 2021