SNCR » Topics » Fair Value of Financial Instruments

These excerpts taken from the SNCR 10-K filed Mar 13, 2009.
Fair Value of Financial Instruments
 
Statement of Financial Accounting Standards (“SFAS”) No. 107, Disclosures about Fair Value of Financial Instruments, requires disclosures of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. Due to their short-term nature, the carrying amounts reported in the financial statements approximate the fair value for cash and cash equivalents, accounts receivable and accounts payable.
 
Fair
Value of Financial Instruments



 



Statement of Financial Accounting Standards (“SFAS”)
No. 107, Disclosures about Fair Value of Financial
Instruments
, requires disclosures of fair value information
about financial instruments, whether or not recognized in the
balance sheet, for which it is practicable to estimate that
value. Due to their short-term nature, the carrying amounts
reported in the financial statements approximate the fair value
for cash and cash equivalents, accounts receivable and accounts
payable.


 




These excerpts taken from the SNCR 10-K filed Feb 29, 2008.
Fair Value of Financial Instruments
 
Statement of Financial Accounting Standards (“SFAS”) No. 107, Disclosures about Fair Value of Financial Instruments, requires disclosures of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. Due to their short-term nature, the carrying amounts reported in the financial statements approximate the fair value for cash and cash equivalents, accounts receivable and accounts payable.
 
Fair
Value of Financial Instruments



 



Statement of Financial Accounting Standards (“SFAS”)
No. 107, Disclosures about Fair Value of Financial
Instruments
, requires disclosures of fair value information
about financial instruments, whether or not recognized in the
balance sheet, for which it is practicable to estimate that
value. Due to their short-term nature, the carrying amounts
reported in the financial statements approximate the fair value
for cash and cash equivalents, accounts receivable and accounts
payable.


 




This excerpt taken from the SNCR 10-K filed Mar 16, 2007.
Fair Value of Financial Instruments
 
Statement of Financial Accounting Standards (“SFAS”) No. 107, Disclosures about Fair Value of Financial Instruments, requires disclosures of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. Due to their short-term nature, the carrying amounts reported in the financial statements approximate the fair value for cash and cash equivalents, accounts


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Table of Contents

 
SYNCHRONOSS TECHNOLOGIES, INC.
 
NOTES TO FINANCIAL STATEMENTS — (Continued)

receivable and accounts payable. The Company believes the carrying amount of its equipment loan approximates its fair value as of December 31, 2006 and 2005, since the interest rate of the equipment loan approximates a market rate. The fair value of the Company’s convertible preferred stock was not practicable to determine, as no quoted market price existed for the convertible preferred stock as of December 31, 2005. On June 20, 2006, the Company’s convertible preferred stock converted into common stock of the Company upon consummation of the IPO.
 
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