Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 14

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 14
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We have served as the Company’s auditor since 2010.

Portland, Oregon

February 27, 2025

      F-3

DIGIMARC CORPORATION

CONSOLIDATED BALANCE SHEETS

(In thousands, except per share data)

      December 31,    December 31,  
   2024    2023  
 ASSETS         
 Current assets:         
 Cash and cash equivalents  $12,365  $21,456 
 Marketable securities   16,365   5,726 
 Trade accounts receivable, net   6,412   5,813 
 Other current assets   4,189   4,085 
 Total current assets   39,331   37,080 
 Property and equipment, net   1,040   1,570 
 Intangibles, net   22,191   28,458 
 Goodwill   8,532   8,641 
 Lease right of use assets   3,659   4,017 
 Other assets   1,013   786 
 Total assets  $75,766  $80,552 
 LIABILITIES AND SHAREHOLDERS’ EQUITY         
 Current liabilities:         
 Accounts payable and other accrued liabilities  $5,118  $6,672 
 Deferred revenue   4,020   5,853 
 Total current liabilities   9,138   12,525 
 Long-term lease liabilities   5,213   5,994 
 Other long-term liabilities   56   106 
 Total liabilities   14,407   18,625 
 Commitments and contingencies (Note 16)           
 Shareholders’ equity:         
 Preferred stock (par value $0.001 per share, 2,500 authorized, 10 shares issued and outstanding at December 31, 2024 and December 31, 2023)   50   50 
 Common stock (par value $0.001 per share, 50,000 authorized, 21,495 and 20,379 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively)   21   20 
 Additional paid-in capital   415,049   376,189 
 Accumulated deficit   (350,778)  (311,768