EX-23.1 4 visionics015345_ex23-1.txt INDEPENDENT AUDITORS' CONSENT EXHIBIT 23.1 INDEPENDENT AUDITORS' CONSENT The Board of Directors Visionics Corporation: We consent to incorporation by reference in the registration statements (Numbers 33-41510, 33-63984, 33-90900, 333-38562, 333-34725, 333-43791, 333-59067, 333-72031, 333-77379, 333-65174, 333-68662, 333-65902 and 333-72482) on Forms S-3 and S-8 of Visionics Corporation, of our reports dated November 12, 2001 relating to the consolidated balance sheets of Visionics Corporation and subsidiaries, as of September 30, 2001 and 2000, and the related consolidated statements of operations, stockholders' equity and comprehensive income (loss), and cash flows and the related consolidated financial statement schedule for each of the years in the three-year period ended September 30, 2001, which reports appear in the September 30, 2001, Annual Report on Form 10-K of Visionics Corporation which is incorporated by reference in the registration statements. As discussed in Note 1 to the consolidated financial statements, effective October 1, 2000, the Company changed its method of accounting for revenue recognition based on guidance provided in SEC Staff Accounting Bulletin No. 101 (SAB 101), "Revenue Recognition in Financial Statements." KPMG LLP Minneapolis, Minnesota December 27, 2001 52 INDEPENDENT AUDITORS' REPORT ON FINANCIAL STATEMENT SCHEDULE The Board of Directors and Stockholders Visionics Corporation: Under date of November 12, 2001 we reported on the consolidated balance sheets of Visionics Corporation and subsidiary, as of September 30, 2001 and 2000, and the related consolidated statements of operations, stockholders' equity and comprehensive income (loss), and cash flows for each of the years in the three-year period ended September 30, 2001, as contained in the Annual Report on Form 10-K for the year 2001. In connection with our audits of the aforementioned consolidated financial statements, we also audited the related financial statement schedule as listed in the accompanying index. This financial statement schedule is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement schedule based on our audits. In our opinion, such financial statement schedule, when considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein. As discussed in Note 1 to the consolidated financial statements, effective October 1, 2001, the Company changed its method of accounting for revenue recognition based on guidance provided in SEC Staff Accounting Bulletin No. 101 (SAB 101), "Revenue Recognition in Financial Statements." KPMG LLP Minneapolis, Minnesota November 12, 2001 53 SCHEDULE II VISIONICS CORPORATION VALUATION AND QUALIFYING ACCOUNTS
Additions -------------------------- Balance at Charged to Charged to Balance at Beginning of Costs and Other End of Description Year Expenses Accounts Deductions Year ------------------------------------------------------------------------------------------------------ Allowance for Doubtful Accounts 1999 $ 296,583 $ -- $ -- $ 167,996 (b) $ 128,587 2000 128,587 30,188 -- 7,975 (a) 150,800 2001 150,800 155,485 -- 40,285 (a) 266,000 Inventory Reserve 1999 $ 429,793 $ 245,904 $ -- $ 313,536 $ 362,161 2000 362,161 289,890 -- 258,507 393,544 2001 393,544 374,149 -- 494,639 273,054 Warranty Reserve 1999 $ 385,422 $1,158,233 $ -- $ 798,551 $ 745,104 2000 745,104 614,760 -- 1,058,294 301,570 2001 301,750 543,558 -- 709,976 135,332 Accrued Installation Costs 1999 $ 355,800 $1,768,942 $ -- $1,017,542 $1,107,200 2000 1,107,200 1,438,800 -- 2,065,500 480,500 2001 480,500 24,055 -- 504,555 --
(a) Write-off of bad debts. (b) Includes $10,908 for write-off of bad debts and $157,088 of adjustments to reserves for specific accounts. 54