EFTA00293493.pdf

SCHRODINGER, INC. AND SUBSIDIARIES Confidential Consolidated Balance Sheet March 31, 2014 Assets Current assets: Cash and cash equivalents Accounts receivable, net of allowance for doubtful accounts of $62,120 Other receivables Prepaid expenses Other assets Total current assets Property and equipment, net Intangible assets, net Security deposits Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued payroll, taxes and benefits Deferred revenue Other accrued expenses Total current liabilities Long-term deferred revenue Deferred rent Total Liabilities Stockholders' equity: Series A Convertible preferred stock, $0.01 par value. 134,704,785 shares issued and outstanding Series B Convertible preferred stock, $0.01 par value. 29,468,101 shares issued and outstanding Series C Convertible preferred stock, $0.01 par value. 47,242,235 shares issued and outstanding Common stock, $0.01 par value. 273,300,000 shares 24,344,016 shares issued and outstanding Additional paid-in capital Accumulated deficit Total stockholders' equity 134,704,785 shares authorized; 29,468,101 shares authorized; 47,242,235 shares authorized; authorized; $ 10,632,546 3,531,694 119,385 652,857 13,318.611 28,255,093 3,766,185 334,913 797.519 33,153,710 1,363,185 2,139,473 21,239,364 1,066,912 25,808,933 4,272,713 809,027 30,890,673 1,347,048 294,681 472,422 243,440 60,718,124 (60,812,679) 2,263,037 33,153,710 EFTA00293493 SCHRDDINGEFt, INC. AND SUBSIDIARIES Consolidated Income Statement (Statement of Operations) Confidential Quarter Ended March 31, 2014 Revenues: Products 7,605,422 Services 1,196,743 Total revenues 8,802,165 Cost of revenues 1,741.543 Gross profit 7,060,622 Operating expenses: Research and development 5,507,380 Sales and marketing 2,721,190 General and administrative 2,433,816 Total operating expenses 10,662,386 Income (Loss) from operations (3,601,764) Other income (expense): Interest income 14,744 Other income, net 14,744 Income (Loss) before taxes (3,587,020) Income tax expense 11.955 Net Income (Loss) (3,598,974) EFTA00293494 SCHRODINGEFt, INC. AND SUBSIDIARIES Consolidated Statement of Cash Flows Confidential Cash flows from operating activities: Quarter Ended March 31, 2014 Net income (loss) (3,598,974) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 300,570 Increase in assets, net of acquisition: Accounts receivable 4,735,839 Other receivables 221,204 Prepaid expenses and deposits 7,787 Other assets (14,663) Increase in liabilities, net of acquisition: Accounts payable 515,657 Accrued Payroll, taxes and benefits (152,188) Deferred revenue 3,522,269 Other accrued liabilities (1,249,200) Net cash provided by operating activities 4,288,302 Cash flows from investing activities: Purchases of property and equipment (127,146) Proceeds from long term securities, net 4,740,247 Purchase of intangible assets Contingent liabilities (169,245) Net cash used in investing activities 4,443,857 Cash flows from financing activities: Issuance of common stock 116,060 Net cash provided by financing activities 116,060 Net increase in cash and cash equivalents 8,848,219 Cash and cash equivalents at beginning of period 1,784,327 Cash and cash equivalents at end of period $ 10,632,546 EFTA00293495