Total Liabilities. 5. Current Liabilities
Total Liabilities. Commitments and contingencies (Note 4) 1,455 --------- 24,544 --------- 3 -------- 3,750 -------- Convertible preferred stock: $0.0001 par value; Authorized: 27,211 shares; Issued and outstanding: 25,788 and 16,253 shares at December 31, 2000 and 1999, respectively, (aggregate liquidation preference: $134,306 and $32,996 at December 31, 2000 and 1999, respectively)................................ 128,873 31,713 Preferred stock warrants................................ 1,818 1,042 --------- -------- 130,691 32,755 Stockholders' deficit: Common stock: $0.0001 par value; Authorized: 120,000 shares; Issued and outstanding: 9,622 and 5,644 shares --------- -------- at December 31, 2000 and 1999, respectively............ 1 1 Additional paid-in capital.............................. 105,828 2,219 Deferred stock-based compensation....................... (80,160) (1,780) Notes receivable from stockholders...................... (1,814) -- Accumulated other comprehensive income.................. 73 -- Accumulated deficit..................................... (108,602) (19,854) --------- -------- Total stockholders' deficit............................ (84,674) (19,414) Total liabilities, convertible preferred stock, --------- -------- warrants, and stockholders' deficit................... $ 70,561 $ 17,091 ========= ======== The accompanying notes are an integral part of these consolidated financial statements. ALIGN TECHNOLOGY, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year Ended December 31, ---------------------------- 2000 1999 1998 --------- -------- ------- Revenues: Revenue--Invisalign............................ $ 5,436 $ 98 $ -- Revenue--Ancillary products.................... 1,305 313 -- --------- -------- ------- Total revenues............................... 6,741 411 -- Cost of revenues: Cost of revenue and manufacturing costs-- --------- -------- ------- Invisalign.................................... 19,031 1,508 -- Cost of revenue--Ancillary products............ 1,220 246 -- --------- -------- ------- Total cost of revenues....................... 20,251 1,754 -- --------- -------- ------- Gross loss....................................... (13,510) (1,343) -- Operating expenses: Sales and marketing............................ 40,445 5,688 133 General and administrative..................... 17,991 3,474 2,344 Research and development....................... 9,169 4,200 1,474 --------- -------- ------- Total ...
Total Liabilities. The sum of the following (without duplication): (i) all liabilities of the Borrower and the Related Companies consolidated and determined in accordance with Generally Accepted Accounting Principles excluding accounts payable incurred in the ordinary course of business, (ii) all Indebtedness of the Borrower and the Related Companies whether or not so classified, including, without limitation, all outstanding Loans under this Agreement, and (iii) the balance available for drawing under letters of credit issued for the account of the Borrower or any of the Related Companies.
Total Liabilities. Debtors shall not create, incur, assume or suffer to exist or otherwise become liable in respect of any Liabilities in excess of Fifty-Six Million and 00/100 Dollars ($56,000,000.00) in the aggregate. As used herein, “Liabilities” means any and all obligations to pay an amount in money, goods, or services to any internal or external party, as reflected in the Debtors’ balance sheet, prepared on a consolidated and consolidating basis, in reasonable detail, including, without limitation, any and all liabilities (contingent or otherwise) and in conformity with GAAP.
Total Liabilities. The sum, without duplication of (i) all consolidated liabilities of the Borrower determined in accordance with the accounting principles used in the preparation of the financial statements delivered pursuant to §7.4, including capital leases, accounts payable, accrued expenses, mortgage payables, notes payable, senior notes, convertible debentures, subordinated debentures, and secured or unsecured debt owed to banks or other financial institutions, (ii) all Indebtedness of the Borrower whether or not so classified, including, without limitation, all outstanding Loans under this Agreement, (iii) the balance available for drawing under letters of credit issued for the account of the Borrower and (iv) Borrower’s Unconsolidated Entity Percentage of the Indebtedness of all Unconsolidated Entities.
Total Liabilities. The aggregate of all debts a school is responsible for. Total Margin: Total revenues less total expenses.
Total Liabilities. Permit DFC on a consolidated basis (excluding any Subsidiaries that are not primarily engaged primarily in the business of mortgage banking as reasonably determined by the Agent) to incur Total Liabilities in excess of the sum of (i) one hundred percent (100%) of "Cash" or "Cash equivalents"; (ii) ninety-five percent (95%) of the sum of "Mortgage Loans held for sale", "Mortgage-backed securities held for trading" (but excluding "interest only securities" included therein), and "Securities available for sale"; (iii) ninety percent (90%) of "Accrued interest receivable"; (iv) ninety percent (90%) of "Securities held to maturity" provided that such securities are tax-exempt investments for the Borrowers, including GNMA, FNMA and FHLMC mortgage-backed securities, collateralized mortgage obligations that are backed by GNMA, FNMA or FHLMC mortgage-backed securities and are rated AAA by Standard & Poor's Corporation and by Moodx'x Xxxestors Service, and securities issued by the United States Treasury or an agency of the United States Government; (v) eighty percent (80%) of "prepaid and other assets" (excluding investment in any Subsidiary of either Borrower) and mortgage-backed securities that are not tax-exempt and rated AAA by Standard & Poor's Corporation and by Moodx'x Xxxestors Service (including collateralized mortgage obligations); (vi) fifty percent (50%) of the sum of (A) "Property, leasehold improvements and equipment" and (B) "Real estate held for sale"; (vii) sixty-five percent (65%) of "interest only securities"; (viii) one percent (1.0%) of the principal amount of Mortgage Loans owned by Persons not affiliated with DFC or DMC or any of their Affiliates (unless covered by a Permitted Affiliate Servicing Agreement) for which DFC or DMC owns the direct servicing rights (excluding subservicing); and (ix) eighty percent (80%) of "loans receivable". All quoted terms used in the preceding sentence shall have the same meanings, and shall continue to be calculated and classified in the same manner, as the terms used in the statement of financial condition of DFC and its consolidated Subsidiaries referred to in Section 4.4(a).
Total Liabilities. The Borrower shall not permit the Consolidated Total Liabilities of the Borrower and its Subsidiaries to be greater than 5 times the Consolidated Cash Flow of the Borrower and its Subsidiaries. In the event that a parcel of Real Estate has only been owned by the Borrower or a Subsidiary for a portion of the period for which data is needed to test compliance with this covenant, the Borrower shall annualize the data which is available in such manner as the Agent determines in its sole discretion so as to allow the test to be performed with respect to the full period.
Total Liabilities. All items required by GAAP to be set forth as "liabilities" on the Borrower's and its Restricted Subsidiaries' consolidated balance sheet.
Total Liabilities. As of any date of determination, the sum of (i) the total liabilities of Seller on any given date of determination, to be determined in accordance with GAAP consistent with those applied in the preparation of Seller’s financial statements, plus (ii) to the extent not already included under GAAP, the total aggregate outstanding amount owed by Seller under any purchase, repurchase, refinance or other similar credit arrangements, plus (iii) to the extent not already included under GAAP, any “off balance sheet” purchase, repurchase, refinance or other similar credit arrangements, minus (iv) non-recourse debt.
