Labels:bulletin board | chat room | grandstand | person | reckoner | sky | web site OCR: Li quidi and Capi tal Resources Since March 31 1993 the Company has generated positive cash flow from operations. In December 1993 the Company completed its initial public offering, which generated net cash proceeds of approximately $23,356, 000 of which 31 139 ,000 was used to repay its bank line credit Working capital increased br $5,056,000 from March 31. 1994 to .273 000 March 1995. For the year ended March 31 1995 cash, cash equivalents and short- -term investments increased $6, 809 000 to $33 981 ,000. Approximately ,425 ,000 was from the issuance common stock and the balance primarily from operations and other activities. In addition to cash. cash equivalents, and short- -term inves tments the Company has $3 ,000,000 available under revolving fine of credit. The line of credit bears ...
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