DWCH » Topics » Restricted Cash

This excerpt taken from the DWCH 10-K filed Dec 31, 2007.
Restricted Cash
 
At September 30, 2007 and 2006, restricted cash consisted of a $125,000 security deposit in the form of an irrevocable letter of credit held in escrow for the landlord of the Company’s Chelmsford, MA corporate offices.

This excerpt taken from the DWCH 10-K filed Dec 29, 2006.

Restricted Cash

At September 30, 2006, restricted cash consisted of a $125,000 security deposit in the form of an irrevocable letter of credit held in escrow for the landlord of the Company’s Chelmsford, MA corporate offices. At September 30, 2005, restricted cash consisted of $268,299 for security deposits to provide credit support for rent payments to the landlord of the Company’s former corporate headquarters located in Lowell, MA, and $125,000 held in escrow for the sellers of Mergence (see Note 2).

This excerpt taken from the DWCH 10-K filed Dec 12, 2005.
Restricted Cash – At September 30, 2005, amounts of $268,299 for security deposits to provide credit support for the rent payments to the landlord of the Company’s Massachusetts offices and $125,000 held for the escrow amount for the sellers of Mergence (see Note 2) were classified in the Company’s consolidated balance sheet as restricted cash.

 

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