Bioanalytical systems inc (BASI)
Balance Sheet / Quarterly
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'11Sep'10
Assets
Current assets:
Cash and cash equivalents

198

511

606

506

520

723

773

1,458

672

933

434

919

419

287

386

492

453

403

438

516

536

747

981

736

379

841

1,304

313

140

670

721

409

853

2,412

2,963

4,632

1,422

Accounts receivable
Trade, net of allowance of $493 at March 31, 2020 and $1,759 at September 30, 2019

9,109

9,498

7,178

6,261

4,149

3,665

4,128

3,206

2,726

2,267

2,530

2,059

2,721

2,450

1,649

2,497

2,630

1,591

2,904

3,227

3,029

2,838

2,557

2,646

2,735

2,396

3,621

2,777

2,436

2,002

3,366

3,672

3,333

3,353

4,073

3,712

3,670

Unbilled revenues and other

3,091

1,848

2,342

1,639

716

984

1,012

447

410

450

615

410

498

404

591

1,025

1,097

988

1,095

819

722

952

878

1,303

1,135

977

691

559

1,136

898

921

1,077

1,315

1,263

1,116

1,520

1,298

Inventories, net

1,204

1,034

1,095

1,119

1,103

1,171

1,182

964

1,000

931

913

1,064

1,119

1,367

1,453

1,476

1,416

1,434

1,466

1,561

1,672

1,662

1,564

1,535

1,507

1,451

1,379

1,479

1,653

1,703

1,656

1,745

1,854

1,862

1,636

1,647

1,673

Prepaid expenses

1,901

1,990

1,200

1,293

1,194

1,194

966

503

742

987

814

597

559

621

798

820

383

430

773

551

445

693

675

892

761

407

238

246

194

179

228

328

429

501

585

652

555

Refundable income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

-

-

-

-

-

-

11

-

-

0

-

2

-

-

6

6

6

-

16

16

Total current assets

15,503

14,881

12,421

10,818

7,682

7,737

8,061

6,578

5,550

5,568

5,306

5,049

5,316

5,129

4,877

6,314

5,979

4,846

6,676

6,674

6,404

6,892

6,655

7,123

6,517

6,072

7,233

5,374

5,561

5,452

6,892

7,237

7,790

9,397

10,373

12,179

8,634

Property and equipment, net

27,731

27,037

22,828

21,056

17,787

16,761

16,610

14,745

14,625

14,740

14,965

15,207

15,540

15,867

16,136

16,090

15,938

15,802

15,989

15,546

15,451

15,695

15,949

16,180

16,267

16,564

16,913

17,329

17,736

18,167

18,628

20,021

20,329

20,751

20,399

20,517

19,439

Operating lease right-of use-assets, net

4,507

4,739

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right-to use assets, net

4,668

4,641

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

4,368

6,619

3,617

3,617

3,072

3,072

3,072

38

38

38

38

38

38

38

38

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,009

1,383

1,383

1,383

1,383

1,383

1,383

1,383

1,383

1,383

1,383

1,383

1,383

1,383

1,383

Other intangible assets, net

4,606

2,781

2,874

2,967

3,060

3,154

3,318

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease rent receivable

132

133

130

127

124

121

115

108

102

96

87

78

69

60

51

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset

-

-

31

31

31

31

62

67

67

68

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

38

46

54

61

84

Debt issue costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73

80

87

94

101

108

115

122

129

42

55

21

40

59

10

18

53

80

48

75

106

123

Other assets

153

87

79

28

27

27

30

17

18

20

21

23

24

26

27

28

30

31

32

34

36

38

39

41

43

45

47

49

51

52

54

56

58

60

62

64

80

Total assets

61,668

60,918

41,980

38,644

31,783

30,903

31,268

21,553

20,400

20,530

20,417

20,395

20,987

21,120

21,129

23,514

23,036

21,775

23,815

23,364

23,008

23,749

23,774

24,856

24,252

24,119

25,597

24,175

24,790

25,064

26,975

28,781

29,678

31,685

32,346

34,310

29,743

Liabilities and shareholders' equity
Current liabilities:
Accounts payable

4,603

5,592

4,941

4,488

3,525

3,073

3,192

2,087

1,838

1,725

2,052

1,656

1,803

3,046

2,965

3,950

3,301

2,462

1,741

2,446

2,550

2,900

2,672

3,369

3,363

3,215

3,584

3,851

3,659

3,996

3,934

2,520

2,560

2,643

1,764

1,696

1,911

Restructuring liability

225

304

349

425

503

558

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

1,117

-

-

-

1,117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

2,316

3,403

2,620

2,499

1,230

1,888

1,571

1,065

1,283

1,380

1,202

1,191

1,287

1,306

1,089

824

1,304

982

1,710

1,067

1,300

1,344

1,842

1,332

1,657

1,538

1,689

1,245

1,420

1,285

2,067

2,036

2,134

1,901

1,762

1,752

1,848

Customer advances

10,869

9,578

6,726

-

-

-

4,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer advances

-

-

-

6,516

5,583

5,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving line of credit

2,614

725

1,063

572

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capex line of credit

1,036

1,383

655

460

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion on long-term operating lease

859

864

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term finance lease

4,602

4,616

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer advances

-

-

-

-

-

-

-

4,386

3,107

3,263

2,980

3,265

3,763

3,765

3,114

3,407

3,080

2,724

3,414

3,009

3,482

3,096

2,990

3,322

3,087

2,891

2,815

2,377

2,675

2,327

3,012

3,632

3,678

3,591

3,571

4,432

4,582

Income taxes payable

-

-

-

-

-

-

-

0

26

21

20

23

16

14

13

16

29

8

30

40

18

17

20

16

22

16

30

32

16

17

17

16

16

16

56

22

30

Revolving line of credit

-

-

-

-

409

-

-

-

-

0

-

256

1,419

597

1,358

1,551

1,128

824

86

0

0

481

202

0

0

168

1,415

332

813

962

1,444

1,263

1,100

1,253

1,346

1,501

1,195

Fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

21

-

189

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

0

6

13

35

48

46

100

0

323

357

556

676

852

934

1,573

612

920

1,238

1,096

1,213

-

-

-

1,286

-

31

Current portion of capital lease obligation

-

-

-

18

20

54

87

102

132

130

128

127

125

124

126

152

114

173

230

262

259

271

279

288

276

272

268

264

260

280

330

494

545

601

613

608

524

Current portion of long-term debt

1,923

1,153

1,109

1,050

930

920

909

230

228

226

224

224

3,387

3,465

3,656

3,863

4,059

4,256

786

786

786

786

786

786

4,953

5,205

613

5,403

5,549

5,676

583

6,007

6,199

6,389

735

750

1,855

Total current liabilities

29,047

27,618

17,481

16,028

12,200

11,813

11,801

8,987

7,731

7,862

7,723

7,859

12,923

13,447

13,473

13,811

13,082

11,529

9,303

7,933

8,752

9,451

9,467

9,965

14,292

14,878

11,026

14,424

15,630

15,639

12,600

15,968

16,232

16,394

11,133

10,761

11,976

Long-term operating leases, net Long-term operating leases

3,896

4,044

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term finance leases, net

60

17

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation, less current portion

-

-

-

23

28

32

37

0

2

36

69

101

134

166

198

232

53

58

68

101

167

232

298

363

331

401

471

540

607

689

739

1,062

1,051

1,118

1,071

1,286

623

Fair value of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

50

35

46

31

21

41

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current portion, net of debt issuance costs

18,650

18,804

13,771

12,259

9,265

8,310

8,546

3,995

4,049

4,104

4,158

4,208

-

-

0

0

0

0

3,666

3,863

4,059

4,256

4,452

4,649

0

0

4,641

0

0

0

5,259

-

-

-

5,842

6,010

6,477

Deferred tax liabilities

90

65

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

51,743

50,548

31,270

28,310

21,493

20,155

20,384

12,982

11,782

12,002

11,950

12,168

13,057

13,613

13,671

14,043

13,135

11,614

13,087

11,932

13,024

13,970

14,238

15,018

14,623

15,279

16,138

-

-

-

18,598

-

-

-

-

-

-

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Shareholders' equity:
Preferred shares, authorized 1,000,000 shares, no par value: 35 Series A shares at $1,000 stated value issued and outstanding at March 31, 2020 and at September 30, 2019

35

35

35

35

35

35

35

35

1,035

1,035

1,035

1,035

1,035

1,185

1,185

1,185

1,185

1,185

1,185

1,185

1,185

1,185

1,185

1,185

1,185

1,185

1,335

1,335

1,335

1,335

1,335

-

-

-

2,135

-

-

Common shares, no par value: Authorized 19,000,000 shares; 10,864,281 issued and outstanding at March 31, 2020 and 10,510,694 at September 30, 2019

2,678

2,663

2,589

2,586

2,534

2,523

2,523

2,148

2,023

2,023

2,023

2,021

2,009

1,989

1,989

1,989

1,989

1,991

1,988

1,988

1,981

1,980

1,980

1,980

1,976

1,933

1,887

1,883

1,880

1,876

1,871

1,781

1,743

1,705

1,698

1,690

1,191

Additional paid-in capital

26,451

26,323

25,183

25,100

24,682

24,582

24,557

22,425

21,516

21,481

21,446

21,437

21,378

21,250

21,240

21,230

21,224

21,209

21,193

21,214

21,202

21,183

21,154

21,133

21,071

20,098

19,925

19,870

19,802

19,725

19,635

20,015

19,725

19,480

18,592

19,370

13,357

Accumulated deficit

-19,239

-18,651

-17,097

-17,387

-16,961

-16,392

-16,231

-16,037

-15,956

-16,011

-16,037

-16,266

-16,486

-16,904

-16,921

-14,885

-14,451

-14,197

-13,691

-12,979

-14,458

-14,607

-14,790

-14,386

-14,601

-14,382

-13,720

-13,972

-14,548

-14,237

-14,493

-11,785

-11,081

-9,197

-8,176

-7,038

-3,981

Accumulated other comprehensive (loss) income

-

-

-

-

-

-

-

-

-

-

-

0

-6

-13

-35

-48

-46

-27

53

24

74

38

7

-74

-2

6

32

95

84

37

29

55

73

50

51

96

100

Total shareholders' equity

9,925

10,370

10,710

10,334

10,290

10,748

10,884

8,571

8,618

8,528

8,467

8,227

7,930

7,507

7,458

9,471

9,901

10,161

10,728

11,432

9,984

9,779

9,536

9,838

9,629

8,840

9,459

9,211

8,553

8,736

8,377

11,751

12,395

14,173

14,300

16,253

10,667

Total liabilities and shareholders' equity

61,668

60,918

41,980

38,644

31,783

30,903

31,268

21,553

20,400

20,530

20,417

20,395

20,987

21,120

21,129

23,514

23,036

21,775

23,815

23,364

23,008

23,749

23,774

24,856

24,252

24,119

25,597

24,175

24,790

25,064

26,975

28,781

29,678

31,685

32,346

34,310

29,743