LookSmart, Ltd.

(NASDAQ:LOOK)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 11,824 13,321 12,242 35,743
Restricted Cash — — — —
Marketable Securities 17,148 21,101 20,585 20,464
Accounts Receivable 9,935 6,125 7,532 5,183
Loans Receivable — — — —
Other Receivable — — — —
Receivables 9,935 6,125 7,532 5,183
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — — — —
Prepaid Expenses 778 709 611 638
Current Deferred Income Taxes — — — —
Other Current Assets 411 932 1,882 1,628
Total Current Assets 40,096 42,188 42,852 63,656
Land and Improvements — — — —
Building and Improvements 2,901 2,901 2,849 2,736
Machinery Furniture and Equipment 16,986 16,143 15,920 16,313
Construction in Progress — — — —
Other Fixed Assets 3,771 3,771 3,771 3,771
Total Fixed Assets 23,658 22,815 22,540 22,820
Gross Fixed Assets 23,658 22,815 22,540 22,820
Accumulated Depreciation and Depletion 20,430 19,881 19,392 19,419
Net Fixed Assets 3,228 2,934 3,148 3,401
Intangibles 2,548 2,494 2,301 10,296
Cost in Excess 9,810 9,810 9,810 2,940
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 2,027 1,010 1,392 —
Total Non Current Assets 17,613 16,248 16,651 16,637
Total Assets 57,709 58,436 59,503 80,293
Liabilities
Current Liabilities
Accounts Payable 3,915 4,327 3,859 3,407
Notes Payable — — — —
Short Term Debt — — — —
Accrued Expenses 6,035 989 7,524 8,437
Accrued Liabilities — 4,566 — —
Deferred Revenues 1,657 — 1,536 1,596
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities 1,939 3,472 1,700 1,621
Total Current Liabilities 13,546 13,354 14,619 15,061
Non Current Liabilities
Long Term Debt 1,414 — — 770
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities 533 1,756 2,089 1,507
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 15,493 15,110 16,708 17,338
Total Liabilities 1,947 1,756 2,089 2,277
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 42,216 43,326 42,795 62,955
Common Par 17 17 18 23
Additional Paid in Capital 258,750 258,021 260,097 276,964
Cumulative Translation Adjustment — — — —
Retained Earnings -216,429 -214,708 -214,532 -214,044
Treasury Stock — — -2,836 —
Other Equity Adjustments -122 -4 48 12
Total Capitalization 43,630 43,326 42,795 63,725
Cash Flow 14,364 12,215 10,815 8,306
Working Capital 26,550 28,834 28,233 48,595
Free Cash Flow -6,753 -2,157 -2,629 -3,518
Invested Capital 43,630 43,326 42,795 63,725
Total Equity 42,216 43,326 42,795 62,955
Total Liabilities and Stock Equity 57,709 58,436 59,503 80,293