Textura Corporation

Consolidated Balance Sheets (unaudited)

(in thousands, except per share amounts)

March 31, 2014

December 31,

2013

Assets

Current assets

Cash and cash equivalents   

$    72,654

$         77,130

Accounts receivable, net of allowance for doubtful accounts of $148 

7,236

5,516

Prepaid expenses and other current assets   

2,289

2,631

  Total current assets   

82,179

85,277

Property and equipment, net   

21,852

21,070

Restricted cash   

530

530

Goodwill   

52,848

52,848

Intangible assets, net   

15,826

17,108

Other assets   

1,140

1,217

  Total assets   

$  174,375

$        178,050

Liabilities, Redeemable Securities and Stockholders' Equity (Deficit)

Current liabilities

Accounts payable   

$      1,294

$           1,522

Accrued expenses   

7,530

8,053

Deferred revenue, short-term

24,900

22,482

Notes and leases payable, short-term

873

842

  Total current liabilities   

34,597

32,899

Deferred revenue, long-term

2,934

3,349

Notes and leases payable, long-term

412

638

Other long-term liabilities

2,398

2,324

  Total liabilities   

40,341

39,210

Contingencies (Note 6)

Redeemable nonâ�‘controlling interest   

370

355

Stockholders' equity (deficit)

Preferred stock, $.001 par value; 10,000 authorized ; 0 shares issued and outstanding 

-

-

Common stock, $.001 par value; 90,000 shares authorized; 25,297 and 25,247 shares issued and 24,835 and 24,785 shares outstanding at March 31, 2014 and December 31, 2013, respectively

25

25

Additional paid in capital   

331,510

329,073

Treasury stock, at cost; 462 shares

(5,831)

(5,831)

Accumulated other comprehensive loss

(42)

(49)

Accumulated deficit   

(191,998)

(184,733)

Total Stockholders' equity (deficit)   

133,664

138,485

  Total liabilities, redeemable securities and equity (deficit)   

$  174,375

$        178,050