Wave Systems Corp.

(NASDAQ:WAVX)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 697 146 1,476 3,714
Restricted Cash — — — —
Marketable Securities — — — —
Accounts Receivable 933 940 1,427 1,165
Loans Receivable — — — —
Other Receivable — — — —
Receivables 933 940 1,427 1,165
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — — — —
Prepaid Expenses 255 324 410 339
Current Deferred Income Taxes — — — —
Other Current Assets — — — —
Total Current Assets 1,886 1,411 3,313 5,219
Land and Improvements — — — —
Building and Improvements — — — —
Machinery Furniture and Equipment — — — 4,105
Construction in Progress — — — —
Other Fixed Assets 6,914 6,570 6,642 2,530
Total Fixed Assets 6,914 6,570 6,642 6,635
Gross Fixed Assets 6,914 6,570 6,642 6,635
Accumulated Depreciation and Depletion 5,953 5,953 5,953 5,953
Net Fixed Assets 961 618 689 683
Intangibles — — — —
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 138 136 137 137
Total Non Current Assets 1,099 754 826 819
Total Assets 2,985 2,165 4,139 6,038
Liabilities
Current Liabilities
Accounts Payable 6,604 4,535 3,461 748
Notes Payable — — — —
Short Term Debt 65 — — —
Accrued Expenses — — — 2,506
Accrued Liabilities — — — —
Deferred Revenues 1,051 589 356 289
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities — — — —
Total Current Liabilities 7,720 5,124 3,817 3,542
Non Current Liabilities
Long Term Debt 260 — — —
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities — — — —
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 7,980 5,124 3,817 3,542
Total Liabilities 260 — — —
Shareholders' Equity
Preferred Stock Equity 0 — — —
Common Stock Equity -4,995 -2,959 322 2,496
Common Par 586 553 530 498
Additional Paid in Capital 335,158 331,621 329,286 325,481
Cumulative Translation Adjustment — — — —
Retained Earnings -340,738 -335,134 -329,494 -323,484
Treasury Stock — — — —
Other Equity Adjustments — — — —
Total Capitalization -4,735 -2,959 322 2,496
Cash Flow -22,148 -21,342 -20,550 -19,596
Working Capital -5,834 -3,713 -504 1,676
Free Cash Flow -11,401 -8,558 -5,458 -18,809
Invested Capital -4,735 -2,959 322 2,496
Total Equity -4,995 -2,959 322 2,496
Total Liabilities and Stock Equity 2,985 2,165 4,139 6,038