Asure software inc (ASUR)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10
Assets
Current assets:
Cash and cash equivalents

20,780

28,826

12,576

14,656

16,591

15,444

19,194

46,845

25,808

27,792

27,464

30,419

2,288

12,767

289

283

553

1,158

122

213

274

320

1,637

2,005

1,672

3,938

3,106

3,295

1,588

2,177

2,746

1,493

1,189

1,067

6,082

2,026

1,375

1,070

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

150

400

400

400

250

250

250

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $986 and $904 at March 31, 2020 and December 31, 2019, respectively

4,900

4,808

15,199

15,597

14,377

5,102

18,824

18,126

13,881

13,361

13,887

13,050

8,953

8,108

6,599

6,180

4,472

4,671

4,248

5,159

4,879

5,295

3,722

3,428

4,213

3,902

3,685

2,976

3,222

3,040

3,312

1,603

1,491

1,483

979

974

1,031

1,239

Inventory

572

656

5,061

5,164

4,121

1,169

1,265

1,911

719

509

781

491

530

487

616

516

634

784

700

313

263

170

318

260

79

77

170

260

348

266

174

156

113

116

6

10

23

25

Prepaid expenses and other current assets

-

-

3,437

3,022

3,638

-

4,518

3,547

3,418

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4

9

9

9

-

19

-

-

-

-

120

65

63

62

Notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

-

24

24

73

96

-

60

60

60

Prepaid expenses and other current assets

6,829

12,218

-

-

-

2,261

-

-

-

2,588

1,899

2,273

2,012

1,256

1,441

1,422

928

1,072

1,556

1,516

1,172

1,303

1,339

1,226

1,234

1,334

1,597

1,648

1,845

1,497

1,305

263

285

338

227

229

257

255

Current assets of discontinued operations

-

-

-

-

-

13,733

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets before funds held for clients

33,081

46,508

36,273

38,439

38,727

37,709

43,801

70,429

43,826

44,250

44,031

46,233

13,783

22,618

8,945

8,401

6,587

7,685

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funds held for clients

116,433

137,935

88,210

104,628

123,810

122,206

71,176

48,856

66,773

42,328

23,217

28,427

30,544

22,981

12,264

24,525

28,608

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

149,514

184,443

124,483

143,067

162,537

159,915

114,977

119,285

110,599

86,578

67,248

74,660

44,327

45,599

21,209

32,926

35,195

7,685

6,626

7,201

6,588

7,088

7,016

7,069

7,602

9,660

8,967

8,438

7,272

7,249

7,561

3,539

3,151

3,100

7,414

3,304

2,749

2,651

Restricted cash

-

-

-

-

-

-

-

-

-

-

200

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

8,475

7,867

10,636

10,365

10,078

6,434

7,830

6,812

6,308

5,217

2,763

3,065

1,809

1,878

1,764

2,003

2,242

2,212

2,326

2,188

1,997

1,539

1,243

1,301

1,287

1,233

1,112

1,177

1,180

1,154

501

424

397

414

221

245

246

281

Goodwill

68,697

68,697

115,957

116,031

116,277

99,108

107,557

96,660

90,998

77,348

75,855

75,510

31,455

26,259

26,263

26,265

26,556

17,436

17,438

17,441

17,436

17,500

18,401

15,008

15,006

15,005

15,004

15,527

15,520

15,525

15,296

6,259

6,259

6,264

-

-

-

-

Intangible assets, net

63,223

63,850

72,472

75,526

78,812

72,248

75,823

63,172

48,665

33,554

34,046

34,576

17,184

12,048

12,779

13,510

14,242

6,026

6,485

7,096

7,707

8,322

8,160

8,533

9,106

9,679

10,208

10,875

11,527

12,179

12,339

5,593

5,950

6,307

2,258

2,454

2,649

2,844

Operating lease assets, net

6,578

6,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets, net

3,651

3,224

11,878

11,984

12,397

2,338

3,453

2,272

15,234

614

2,225

477

322

39

42

100

474

458

766

803

420

19

24

29

33

38

43

48

53

41

29

18

6

0

-

-

-

-

Long-term assets of discontinued operations

-

-

-

-

-

21,057

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

300,138

335,044

335,426

356,973

380,101

361,100

309,640

288,201

271,804

203,311

182,337

188,488

95,097

85,823

62,057

74,804

78,709

33,817

33,641

34,729

34,148

34,468

34,844

31,940

33,034

35,615

35,334

36,065

35,552

36,148

35,726

15,833

15,763

16,085

9,893

6,063

5,704

5,836

Liabilities and stockholders’ equity
Current liabilities:
Current portion of notes payable

2,816

2,571

4,220

3,826

5,714

4,733

4,502

5,196

7,816

8,895

8,724

8,094

2,971

5,455

5,099

4,901

4,696

1,031

938

844

750

750

750

996

992

4,308

1,965

1,450

3,450

3,450

1,551

109

100

349

-

-

-

-

Revolving line of credit

-

-

4,000

4,000

283

-

-

2,161

2,379

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

555

500

500

500

-

-

-

Accounts payable

755

1,736

3,943

5,821

5,694

2,945

4,025

2,913

2,743

1,912

1,581

1,892

2,276

1,576

2,542

2,418

1,936

2,670

2,092

2,124

2,181

1,533

1,697

1,405

1,850

1,669

1,710

2,108

2,562

2,713

2,208

1,497

1,234

1,097

686

551

466

560

Accrued compensation and benefits

3,220

3,424

2,894

2,823

3,343

2,281

2,551

2,582

3,236

2,477

1,812

1,929

1,523

1,192

1,180

1,099

854

715

460

239

225

350

366

341

219

473

446

414

338

78

78

243

160

141

72

83

28

95

Operating lease liabilities, current

1,553

1,575

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

5,685

6,556

4,965

4,326

3,981

1,105

2,246

2,480

1,832

862

1,115

2,051

1,433

936

1,960

1,489

1,816

713

1,318

989

1,129

1,128

1,079

945

825

988

979

1,002

859

706

725

641

551

536

399

330

356

361

Deferred revenue

3,526

5,500

12,362

11,686

-

2,887

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities of discontinued operations

-

-

-

-

-

11,351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

11,357

-

12,110

12,229

12,152

13,078

12,065

11,029

9,265

9,252

8,905

9,341

10,523

10,803

10,125

10,409

10,265

10,641

9,455

9,365

10,042

10,059

10,315

9,612

10,289

9,684

9,673

4,697

4,860

4,792

2,522

2,216

2,046

1,955

Total current liabilities before client fund obligations

17,555

21,362

32,384

32,482

30,372

25,302

25,434

27,561

30,158

27,224

25,297

24,995

17,468

18,411

19,686

19,248

19,825

15,932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Client fund obligations

117,476

145,227

88,470

105,296

124,672

123,170

71,699

49,700

66,773

42,328

23,217

28,427

30,544

22,981

12,264

24,525

28,608

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

135,031

166,589

120,854

137,778

155,044

148,472

97,133

77,261

96,931

69,552

48,514

53,422

48,012

41,392

31,950

43,773

48,433

15,932

14,933

14,605

14,550

14,402

13,347

13,052

13,928

17,497

15,415

14,586

17,498

16,631

14,235

7,742

7,405

7,415

4,179

3,180

2,896

2,971

Long-term liabilities:
Deferred revenue

254

322

470

777

-

834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

782

-

998

1,036

1,074

1,125

1,450

1,408

611

769

844

1,545

939

947

769

833

339

475

535

593

669

759

633

720

14

199

14

170

166

169

150

145

103

116

Deferred tax liability

344

336

1,965

2,187

1,782

869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

2,198

2,369

-

1,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable- related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

800

800

800

-

-

-

1,600

-

-

-

-

Notes payable, net of current portion

22,461

24,142

112,473

112,842

114,331

106,634

108,566

106,420

106,772

66,973

66,980

68,239

28,165

24,581

25,464

26,074

26,691

12,262

12,938

13,928

14,502

14,381

15,960

14,063

14,250

12,698

14,693

15,436

15,674

15,887

-

-

-

3,970

-

-

-

-

Operating lease liabilities, noncurrent

5,554

5,937

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,050

-

-

-

-

-

-

-

Subordinated notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,354

4,375

4,350

-

1,450

-

-

-

Subordinated convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

283

301

296

-

1,400

-

-

-

Derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

835

-

-

-

-

Other liabilities

73

139

6,015

6,472

7,105

439

953

1,029

2,354

817

1,009

161

157

835

315

363

407

958

579

631

684

739

739

446

448

444

424

447

439

471

25

28

30

32

4

10

14

25

Long-term liabilities of discontinued operations

-

-

-

-

-

1,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

28,686

30,876

120,923

122,278

124,000

110,110

112,715

110,854

110,200

69,985

69,439

69,808

28,933

26,185

26,623

27,982

28,037

14,167

14,286

15,392

15,525

15,595

17,234

15,102

15,367

13,901

15,750

17,403

16,927

17,357

18,726

4,874

4,842

6,606

-

-

-

141

Total liabilities

163,717

197,465

241,777

260,056

279,044

258,582

209,848

188,115

207,131

139,537

117,953

123,230

76,945

67,577

58,573

71,755

76,470

30,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,183

3,335

3,013

-

Commitments
Stockholders’ equity:
Preferred stock, $.01 par value; 1,500 shares authorized; none issued or outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $.01 par value; 22,000 and 22,000 shares authorized; 16,127 and 16,098 shares issued, 15,743 and 15,714 shares outstanding at March 31, 2020 and December 31, 2019, respectively

161

161

160

159

158

157

156

154

130

129

128

128

90

89

69

69

67

67

67

67

64

64

64

63

63

63

63

63

56

56

339

337

336

50

334

334

334

334

Treasury stock at cost, 384 shares at March 31, 2020 and December 31, 2019

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

5,017

Additional paid-in capital

396,646

396,102

394,810

394,205

393,092

391,927

390,834

387,234

347,640

346,322

345,383

344,970

296,042

295,044

280,374

280,280

279,689

279,649

279,574

279,337

278,735

278,656

278,562

278,261

278,219

278,159

277,999

277,981

274,474

274,445

274,136

273,361

273,334

271,349

271,033

271,006

270,992

270,978

Accumulated deficit

-255,409

-253,642

-294,860

-291,504

-286,537

-283,643

-285,372

-281,788

-278,020

-277,597

-276,052

-274,771

-272,934

-271,875

-272,006

-272,321

-272,457

-270,903

-270,108

-269,534

-269,629

-269,146

-269,238

-269,399

-269,414

-268,884

-268,782

-268,891

-268,322

-267,222

-266,590

-265,362

-265,037

-264,190

-263,545

-263,574

-263,601

-263,541

Accumulated other comprehensive income (loss)

40

-25

-1,444

-926

-639

-906

-809

-497

-60

-63

-58

-52

-29

5

64

38

-43

-78

-94

-121

-80

-86

-108

-122

-112

-104

-94

-60

-64

-102

-103

-102

-100

-128

-95

-21

-17

-30

Total stockholders’ equity

136,421

137,579

93,649

96,917

101,057

102,518

99,792

100,086

64,673

63,774

64,384

65,258

18,152

18,246

3,484

3,049

2,239

3,718

4,422

4,732

4,073

4,471

4,263

3,786

3,739

4,217

4,169

4,076

1,127

2,160

2,765

3,217

3,516

2,064

2,710

2,728

2,691

2,724

Total liabilities and stockholders’ equity

300,138

335,044

335,426

356,973

380,101

361,100

309,640

288,201

271,804

203,311

182,337

188,488

95,097

85,823

62,057

74,804

78,709

33,817

33,641

34,729

34,148

34,468

34,844

31,940

33,034

35,615

35,334

36,065

35,552

36,148

35,726

15,833

15,763

16,085

9,893

6,063

5,704

5,836