RELM Wireless (RWC) Balance Sheet

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Cash and cash equivalents	8.62M
Trade accounts receivable (net of allowance for doubtful accounts of $44 at June 30, 2011 and at December 31, 2010, respectively)	6.24M
Inventories, net	13.28M
Deferred tax assets
Prepaid expenses and other current assets
Total current assets	29.96M
Property, plant and equipment, net	2.63M
Deferred tax assets, net	3.56M
Capitalized software, net	211K
Other assets	229K
Total assets	43.07M
Accounts payable	2.81M
Accrued compensation and related taxes	1.94M
Accrued warranty expense	586K
Accrued other expenses and other current liabilities
Total current liabilities	5.68M
Deferred revenue	394K
Long-term debt
Total liabilities	6.08M
Preferred stock; $1.00 par value; 1,000,000 authorized shares none issued or outstanding.	0
Common stock; $.60 par value; 20,000,000 authorized shares: 13,508,815 issued and outstanding shares at June 30, 2011 and December 31, 2010, respectively	8.25M
Additional paid-in capital	25.38M
Accumulated deficit	1.38M
Total stockholders' equity	36.99M
Total liabilities and stockholders' equity	43.07M

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