Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Al Shams - MidSouth Capital.
Al Shams - MidSouth Capital
Getting back to the balance sheet, can you give me the actual numbers for current assets and current liabilities?
Winston E. Hickman
The total current assets are $31.4 million and current liabilities are $15.5. That’s in the press release attachment, which you may not have.
Al Shams - MidSouth Capital
So we have got a 2:1 current ratio. You don’t see a need to raise any additional capital, do you?
Winston E. Hickman
Not presently.
Al Shams - MidSouth Capital
Sam, you’ve mentioned in this call and on the previous call that you see a lot of embedded value here. Can you be more specific where you see that value and what gives you the confidence or the rationale to say that? So where does that come from?
Samuel M. Inman, III
Al, I talked about last time and eluded this time that I think that the way the company responds to business that we for whatever reason don’t seem to be able to get, to get recognition of the value that exists in those businesses internationally. [Inaudible] I believe the company has wonderful technology. I think our 30-some patents prove it, but we just haven’t been focused in the past as well, Al, on getting out to the market and winning some of these key markets segments, partners and OEM and retail.
So I am excited, because I think that with some effort there and some additional resources, at the same time we improve our product cost which just hadn’t been focused on, quite frankly, hard enough, I believe we’ve got a good chance to put better numbers in the bottom line and increase earnings per share.
Al Shams - MidSouth Capital
So, to rephrase maybe what you have said, you look at the technology, you look at the products, you look at the patents and you say, there is some really sleek stuff here. What we really need to do is really to get sales execution on that product line, the technology that we have got.
Samuel M. Inman, III
You said it much better than me. Yes, thank you. That’s pretty much it.
Al Shams - MidSouth Capital
And then finally, go back over your justification for increasing the number of shares in the option pool, and let me just say this. I understand your rationale and, certainly, we are better off going to an option program versus cash bonuses. But I like to see something, even if it is a minimal amount of money, where the employees have to have some actual cash, out of their pocket to get into the option pool. But go ahead and reiterate that justification again for me.
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