Balance Sheet

Current Liabilities	12.5m
Accounts Payable	6.1m
Accrued Liabilities	582k
Other Current Liabilities	5.9m
Non-Current Liabilities	6.1m
Other Non-Current Liabilities	6.1m

Currency: USD

	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	6	3	12	41	27	11	20	14	34	21
Cash Equivalents	6	3	12	41	27	11	20	14	34	21
Short-Term Investments	32	33	45	27	16	26	58	20	19	6
Total Receivables	5	5	5	6	4	4	4	8	5	6
Accounts Receivables	5	5	5	6	4	4	4	6	5	6
Other Receivables	0	0	0	0	0	0	0	2	0	0
Other Current Assets	3	2	2	2	2	3	2	2	6	4
Total Current Assets	46	42	63	76	50	43	84	44	64	37
PP&E Net	3	3	4	4	4	6	5	4	7	6
PP&E Gross	3	3	4	4	4	6	5	4	7	6
Accumulated Depreciation	4	5	5	7	8	9	10	11	12	10
Intangible Assets	7	7	6	6	7	7	7	7	33	28
Goodwill	1	1	1	1	1	1	1	1	8	9
Long-Term Investments	1	3	4	0	0	0	0	8	0	0
Other Long-Term Assets	0	0	0	0	0	0	0	1	1	1
Other Assets	1	1	1	1	1	1	1	1	8	9
Total Assets	57 N/A	56 -2%	79 +40%	88 +12%	62 -30%	57 -7%	97 +69%	65 -33%	114 +75%	81 -29%
Liabilities
Accounts Payable	1	2	2	2	1	2	2	4	5	6
Accrued Liabilities	0	0	0	0	0	1	1	1	1	1
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	0	0	0	0	0	0	4	0	0	0
Other Current Liabilities	4	3	3	3	3	3	3	3	4	6
Total Current Liabilities	5	5	4	5	4	5	10	8	10	13
Long-Term Debt	0	0	0	0	0	0	1	0	0	0
Other Liabilities	0	0	1	1	1	3	2	2	6	6
Total Liabilities	5 N/A	5 -6%	5 +10%	6 +11%	5 -13%	8 +52%	13 +67%	10 -28%	16 +71%	19 +15%
Equity
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	8	26	48	74	106	139	171	206	266	312
Additional Paid In Capital	60	77	121	156	162	188	255	261	368	376
Other Equity	0	0	0	0	0	0	0	0	4	3
Total Equity	52 N/A	52 -1%	73 +42%	82 +12%	57 -31%	50 -13%	84 +69%	55 -34%	98 +76%	62 -37%
Total Liabilities & Equity	57 N/A	56 -2%	79 +40%	88 +12%	62 -30%	57 -7%	97 +69%	65 -33%	114 +75%	81 -29%
Shares Outstanding
Common Shares Outstanding	8	9	11	12	12	12	17	17	20	20
Preferred Shares Outstanding	0	0	0	0	0	0	0	0	0	0

Digimarc Corp
NASDAQ:DMRC