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This excerpt taken from the SOFO 10-K filed Dec 8, 2008. Other Income Other income included primarily interest income from investments in certificates of deposit and overnight investment vehicles. This excerpt taken from the SOFO 10-Q filed Feb 8, 2008. Other Income Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles. This excerpt taken from the SOFO 10-K filed Dec 3, 2007. Other Income Other income included primarily interest income in 2007, 2006 and 2005. We are currently investing in certificates of deposit and overnight investment vehicles. This excerpt taken from the SOFO 10-Q filed Aug 6, 2007. Other Income Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles. This excerpt taken from the SOFO 10-Q filed May 14, 2007. Other Income Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles. This excerpt taken from the SOFO 10-Q filed Feb 5, 2007. Other Income Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles. This excerpt taken from the SOFO 10-K filed Nov 16, 2006. Other Income Other income included primarily interest income in 2006, 2005 and 2004. We are currently investing in certificates of deposit and overnight investment vehicles. Discontinued Operations Media Services We completed the sale of assets utilized in the Media Services business on May 16, 2003 with Deluxe Media Services (“Deluxe”). The transaction included all assets utilized in our Media Services business primarily affecting business conducted from and employees in our Santa Monica, California and Toronto, Canada facilities. Under terms of the agreement, Deluxe acquired the Media Services business for approximately $5.6 million including cash of $4.5 million plus an estimate of $1.1 million for net working capital and assumption of certain capital leases. We received $5.2 million at close with the remainder due upon the final determination of actual working capital. We received $350 thousand of the remainder in September 2003 and received a final payment of $241 thousand in January 2004. We recorded a gain on sale of discontinued operations of $185 thousand in 2004 to reflect the amount that the January 2004 payment and other settlements exceeded the working capital estimates. Overall, we recorded a loss on disposition of the Media Services business of $1.8 million. The 2003 loss from operations of discontinued operations includes a $1.8 million loss related to the Media Services business, on revenues of $4.9 million. Desktop Software We sold our Desktop Software Business on July 30, 2003 to a subsidiary of Sony Pictures Digital for $19 million cash and assumption of certain trade payables, accrued liabilities and capital leases associated with the Desktop Software business. The negotiated price of the transaction contemplated net working capital balances at March 31, 2003 with any difference between the values at March 31, 2003 and the date of close to be reflected as a post closing adjustment. Our
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Table of ContentsSonic Foundry, Inc. Annual Report on Form 10-K For the Year Ended September 30, 2006
net working capital decreased during the period preceding close due to improved collections of customer accounts, leading to an adjustment in the purchase price of $497 thousand which was paid to Sony Pictures Digital in December 2003. We recorded a gain on the disposal of the Desktop Software business in fiscal 2003 of $13.9 million and recorded a $53 thousand loss in 2004 to account for the final settlement of working capital. The 2003 loss from operations of discontinued operations includes a $1.1 million loss related to the Desktop Software business, on revenues of $12.0 million. This excerpt taken from the SOFO 10-Q filed Aug 8, 2006. Other Income Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles. This excerpt taken from the SOFO 10-Q filed May 11, 2006. Other Income Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles. This excerpt taken from the SOFO 10-Q filed Feb 13, 2006. Other Income
Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles.
This excerpt taken from the SOFO 10-Q filed Aug 10, 2005. Other Income
Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles.
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Table of ContentsGain on disposal of discontinued operations
The Company recorded a net gain of $120 thousand in Q1-2004 relating to final adjustments of the sales price of the Desktop Software and Media Services businesses, sold in 2003.
This excerpt taken from the SOFO 10-Q filed May 5, 2005. Other Income
Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles.
Gain on disposal of discontinued operations
The Company recorded a net gain of $120 thousand in Q1-2004 relating to final adjustments of the sales price of the Desktop Software and Media Services businesses, sold in 2003.
This excerpt taken from the SOFO 10-Q filed Feb 7, 2005. Other Income
Other income is primarily interest income. We are currently investing in certificates of deposit and overnight investment vehicles.
Gain on disposal of discontinued operations
The Company recorded a net gain of $120 thousand in Q1-2004 relating to final adjustments of the sales price of the Desktop Software and Media Services businesses, sold in 2003.
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