Telular Corporation 2001 Annual Report

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITYAccumulatedAdditional Other TotalCommon Paid-in Comprehensive Treasury Stockholder’s(in thousands) Stock Capital Deficit Income (Loss) Stock EquityBALANCE AT SEPTEMBER 30, 1998 $ 346 $ 117,326 $ (95,458) $ 75 $ (1,607) $ 20,682Comprehensive loss:Net loss for year ended September 30, 1999 – – (10,582) – – (10,582)Unrealized loss on investments – – – (459) – (459)Comprehensive loss – – – – – (11,041)Conversion of redeemable preferred stockto common stock 18 5,591 – – – 5,609Deferred compensation related to stock options – 165 – – – 165Dividends on redeemable preferred stock – – (805) – – (805)One-for-four stock exchange (269) 269 – – – –Stock issued for services and compensation 2 379 – – – 381BALANCE AT SEPTEMBER 30, 1999 $ 97 $ 123,730 $ (106,845) $ (384) $ (1,607) $ 14,991Comprehensive loss:Net loss for the year ended September 30, 2000 – – (5,906) – – (5,906)Unrealized gain on investments – – – 89 – 89Comprehensive loss – – – – – (5,817)Common stock and warrants issuedin private placement 4 9,629 – – – 9633Stock options exercised 5 1,740 – – 1,607 3,352Conversion of redeemable preferred stock to common stock 21 13,065 – – – 13,086Deferred compensation related to stock options – 140 – – – 140Dividends on redeemable preferred stock – – (29) – – (29)Stock and warrants issued forservices and compensation – 323 – – – 323BALANCE AT SEPTEMBER 30, 2000 $ 127 $ 148,627 $ (112,780) $ (295) $ – $ 35,679Comprehensive income:Net income for the year ended September 30, 2001 – – 12,876 – – 12,876Unrealized loss on investments – – – (2) – (2)Comprehensive income – – – – – 12,874Deferred compensation related to stock options – 140 – – – 140Stock options exercised 1 223 – – – 224Stock issued forservices and compensation 1 370 – – – 371Other – (289) – – – (289)BALANCE AT SEPTEMBER 30, 2001 $ 129 $ 149,071 $ (99,904) $ (297) $ – $ 48,999See accompanying notes.22 TELULAR CORPORATION