PRVT » Topics » Non-Cash Transactions

These excerpts taken from the PRVT 10-K filed Apr 15, 2009.

Non-Cash Transactions

During 2006 convertible note holders converted the remaining principal of $1,325,000 on a $2.25 million Convertible Note. As of December 31, 2006, the Convertible Note was repaid in its entirety.

 

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Non-Cash Transactions


During 2006 convertible note holders converted the remaining principal of $1,325,000 on a $2.25 million Convertible Note. As of December 31, 2006,
the Convertible Note was repaid in its entirety.

 


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These excerpts taken from the PRVT 10-K filed Mar 17, 2008.

Non-Cash Transactions

During 2006 the convertible note holders converted the remaining principal of $1,325,000 on the $2.25 million Convertible Note. As of December 31, 2006, the Convertible Note was repaid in its entirety.

The Company had a note payable to an entity controlled by the Company’s principal shareholder. The amount payable at December 31, 2004 was EUR 0.7 million as a result of a claim made in connection with the building in 2005 the amount was netted off the claim and as of December 31, 2005 the loan was repaid in its entirety.

In December 2005 a holder of a convertible note converted $0.6 million (EUR 0.5 million) of principal into common stock. As of December 31, 2005, the amount recorded under current portion of long term borrowings, after charging debt discount of EUR 0.6 million to additional paid in capital in 2003, was EUR 1.0 million.

Non-Cash Transactions

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">During 2006 the convertible note holders converted the remaining principal of $1,325,000 on the $2.25 million Convertible Note. As of December 31,
2006, the Convertible Note was repaid in its entirety.

The Company had a note payable to an entity controlled by the Company’s
principal shareholder. The amount payable at December 31, 2004 was EUR 0.7 million as a result of a claim made in connection with the building in 2005 the amount was netted off the claim and as of December 31, 2005 the loan was repaid
in its entirety.

In December 2005 a holder of a convertible note converted $0.6 million (EUR 0.5 million) of principal into common stock.
As of December 31, 2005, the amount recorded under current portion of long term borrowings, after charging debt discount of EUR 0.6 million to additional paid in capital in 2003, was EUR 1.0 million.

STYLE="margin-top:18px;margin-bottom:0px">Contractual obligations

The table below describes
the Company’s future contractual obligations, including items not included in the consolidated balance sheet, as of December 31, 2007:

 









































































































































































   Amounts due in
   Less than
one year
  One to
three
years
  Three to
five
years
  More than
five years
  Total
   EUR  EUR  EUR  EUR  EUR
   (in thousands)

Debt:

          

Banks(1)

  116  —    —    —    116

Non-institutional debt(1)

  1,769  —    —    —    1,769
               

Total debt

  1,884  —    —    —    1,884

Operating leases(2)(3)

  824  1,221  1,106  —    3,151

Capital lease obligations(3)SIZE="2">

  48  35  —    —    83
               
  2,756  1,256  1,106  —    5,118
               

 





(1)

Interest included. Debt with variable interest rate linked to EURIBOR has been calculated at the current rate. Does not
include credit lines of EUR 2,550 thousand.





(2)

Includes rent for the Company’s offices and warehouses.





(3)

Amounts included in Note 14 in the financial statements.

This excerpt taken from the PRVT 10-K filed Apr 2, 2007.

Non-Cash Transactions

During 2006 the convertible note holders converted the remaining principal of $1,325,000 on the $2.25 million Convertible Note. As of December 31, 2006, the Convertible Note was repaid in its entirety.

The Company had a note payable to an entity controlled by the Company’s principal shareholder. The amount payable at December 31, 2004 was EUR 0.7 million as a result of a claim made in connection with the building in 2005 the amount was netted off the claim and as of December 31, 2005 the loan was repaid in its entirety.

 

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In December 2005 a holder of a convertible note converted $0.6 million (EUR 0.5 million) of principal into common stock. As of December 31, 2005, the amount recorded under current portion of long term borrowings, after charging debt discount of EUR 0.6 million to additional paid in capital in 2003, was EUR 1.0 million.

This excerpt taken from the PRVT 10-K filed Mar 31, 2006.

Non-Cash Transactions

The Company had a note payable to an entity controlled by the Company’s principal shareholder. The amount payable at December 31, 2004 was EUR 0.7 million as a result of a claim made in connection with the building in 2005 the amount was netted off the claim and as of December 31, 2005 the loan was repaid in its entirety.

In December 2005 a holder of a convertible note converted $0.6 million (EUR 0.5 million) of principal into common stock. As of December 31, 2005, the amount recorded under current portion of long term borrowings, after charging debt discount of EUR 0.6 million to additional paid in capital in 2003, was EUR 1.0 million.

 

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