Replies to post #51209 on e.Digital Corporation (fka EDIG)

[Cassandra]

Balance Sheet:

CONSOLIDATED BALANCE SHEETS  
                                    (UNAUDITED)  
   
   
            
                                                                                      September 30, 2003   March 31, 2003  
                                                                                              $                   $  
                                                                                      ------------------   --------------  
                                                                                                                           
 Current  
 Cash and cash equivalents                                                                  380,483               83,906  
 Accounts receivable, trade, less allowance of $114,824 and $138,236                                         
   for doubtful accounts, respectively                                                      136,069              181,536  
 Inventory net of allowance for obsolete inventory of $nil and $6,435 respectively           25,099              138,795  
 Deposits and prepaid expenses                                                               73,911               92,574  
 Deferred contract charges                                                                  178,227              218,192  
                                                                                      ----------------------------------  
 Total current assets                                                                       793,789              715,003  
                                                                                      ----------------------------------  
 Property and equipment, net of accumulated depreciation of                                                  
    $508,613 and $445,205, respectively                                                     166,428              141,397  
 Intangible assets, net of accumulated amortization of                                                       
    $38,393 and $93,610, respectively                                                         1,016               38,949  
 Restricted cash                                                                            190,000                   --  
                                                                                      ----------------------------------  
     Total assets                                                                         1,151,233              895,349  
                                                                                      ==================================  
                                                                                                             
 LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                       
 Current                                                                                                     
 Accounts payable, trade                                                                    739,377              736,682  
 Other accounts payable and accrued liabilities                                              93,946              128,083  
 Accrued lease liability                                                                    515,000              515,002  
 Accrued employee benefits                                                                  149,433              203,027  
 Dividends                                                                                  184,500               61,500  
 Deferred revenue                                                                           696,543              311,703  
 Unsecured promissory notes, short term                                                     342,415              186,984  
                                                                                      ----------------------------------  
     Total current liabilities                                                            2,721,214            2,142,981  
                                                                                      ----------------------------------  
 Unsecured promissory notes                                                                 407,585              626,595  
                                                                                      ----------------------------------  
     Total liabilities                                                                    3,128,799            2,769,576  
                                                                                      ----------------------------------  
                                                                                                             
 Commitments and Contingencies                                                                               
                                                                                                             
 Stockholders' deficit                                                                                       
 Preferred stock, $0.001 par value; 5,000,000 shares authorized                                              
   Series D Preferred stock 250,000 shares designated: 205,000 and 205,000                                   
     issued and outstanding, respectively. Liquidation preference                                            
    of $2,050,000 each period                                                             2,050,000            2,050,000  
 Common stock, $0.001 par value, authorized 200,000,000,                                                     
   155,125,855 and 147,604,343 shares outstanding, respectively                             155,126              147,605  
 Additional paid-in capital                                                              60,777,409           59,430,144  
 Contributed surplus                                                                      1,592,316            1,592,316  
 Dividends                                                                                 (184,500)             (61,500)  
 Accumulated deficit                                                                    (66,367,917)         (65,032,792)  
                                                                                      ----------------------------------  
 Total stockholders' deficit                                                             (1,977,566)          (1,874,227)  
                                                                                      ----------------------------------  
                                                                                                             
 Total liabilities and stockholders' deficit                                              1,151,233              895,349  
                                                                                      ==================================