Favrille Reports First Quarter 2008 Financi...(33293 Restricted cash ...)

Restricted cash 3,571 3,451

Other assets 423 466

Total assets $ 56,935 $ 67,955

Liabilities and

stockholders' equity

Current liabilities:

Accounts payable and accrued

liabilities $ 3,106 $ 3,551

Current portion of debt 5,046 5,275

Warrants liability 2,403 2,492

Total current liabilities 10,555 11,318

Debt, less current portion 5,097 6,342

Deferred rent 15,596 15,415

Commitments and

contingencies

Stockholders' equity:

Preferred stock, $0.001 par

value; 5,000,000 shares

authorized; no shares issued

and outstanding at March 31,

2008 and December 31, 2007,

respectively - -

Common stock, $0.001 par

value; 75,000,000 shares

authorized; 41,299,598

and 41,168,432 issued and

outstanding at March 31,

2008 and December 31, 2007,

respectively 41 41

Additional paid-in capital 235,101 233,807

Accumulated other

comprehensive income 2 7

Deficit accumulated during

the development stage (209,457) (198,975)

Total stockholders' equity 25,687 34,880

Total liabilities and

stockholders' equity $ 56,935 $ 67,955

FAVRILLE, INC.

(a development stage company)

STATEMENTS OF OPERATIONS'/>"/>