Biolife solutions inc (BLFS)
Balance Sheet / Yearly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Current assets
Cash and cash equivalents

6,448

21,205

19,617

31,824

30,657

32,380

14,166

7,032

6,663

2,830

2,314

2,289

1,405

1,368

1,318

1,662

2,173

2,351

3,896

2,971

2,538

5,902

12,839

156

79

76

61

196

7

155

70

16

20

36

3

Short term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,651

2,902

2,956

5,606

7,399

6,012

-

0

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, trade, net of allowance for doubtful accounts of $68 and $0 at December 31, 2019 and 2018, respectively

5,345

4,313

3,832

2,927

3,045

2,699

2,166

1,043

1,021

1,355

1,173

1,060

1,193

1,311

1,284

1,190

929

792

809

851

901

566

1,325

1,009

1,026

980

976

600

797

359

471

547

458

395

338

Inventories

10,972

5,694

5,306

4,060

3,509

2,910

2,121

1,836

1,847

1,861

1,769

1,812

1,757

1,903

1,910

2,018

1,834

1,783

1,321

1,242

965

678

297

420

409

593

676

656

849

916

763

505

475

509

410

Prepaid expenses and other current assets

1,348

855

384

346

353

298

352

330

400

320

422

419

270

381

402

435

384

453

313

289

360

312

202

291

140

165

201

174

122

76

68

90

90

-

62

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

-

Total current assets

24,113

32,067

29,139

39,157

37,564

38,288

18,807

10,243

9,931

6,367

5,679

5,581

4,628

4,965

4,915

5,306

6,972

8,283

9,296

10,961

12,165

13,471

14,665

1,878

1,655

1,815

1,915

1,627

1,777

1,508

1,374

1,160

1,044

1,007

814

Assets held for rent, net

3,922

2,976

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leasehold improvements

-

-

-

-

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,284

1,121

1,121

1,121

1,121

1,121

941

919

943

864

3

0

-

-

-

Furniture and computer equipment

-

-

-

-

706

705

693

692

682

681

681

667

650

677

652

584

557

535

514

500

476

334

309

300

300

296

294

288

286

245

187

177

174

174

170

Manufacturing and other equipment

-

-

-

-

1,657

1,510

1,229

1,194

1,149

1,075

1,061

943

922

922

1,029

1,025

1,025

1,017

1,007

989

972

828

773

764

763

757

746

741

739

708

655

623

592

-

542

Manufacturing and other equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

582

-

Subtotal

-

-

-

-

3,647

3,501

3,207

3,171

3,115

3,040

3,027

2,894

2,857

2,884

2,967

2,894

2,867

2,837

2,805

2,774

2,733

2,283

2,204

2,186

2,184

2,175

1,983

1,949

1,969

1,818

846

800

767

756

713

Less: Accumulated depreciation

-

-

-

-

2,328

2,234

2,163

2,084

2,009

1,930

1,846

1,759

1,670

1,585

1,605

1,513

1,421

1,333

1,246

1,161

1,078

984

924

862

798

733

673

615

555

501

472

447

-423

-398

352

Property and equipment, net

5,572

2,136

1,318

1,367

1,319

1,266

1,043

1,086

1,106

1,110

1,180

1,134

1,187

1,298

1,361

1,381

1,446

1,503

1,558

1,613

1,655

1,299

1,280

1,324

1,386

1,441

1,309

1,334

1,414

1,316

373

353

344

357

360

Operating lease right-of-use assets, net

1,040

1,177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in SAVSU

-

-

-

-

-

-

-

-

-

1,367

1,585

1,845

2,075

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term deposits and other assets

50

36

136

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

36

Investments

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

-

-

-

-

6,548

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investment in SAVSU

-

1,000

6,100

6,317

-

6,856

1,899

926

1,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Internal use software

-

-

-

-

-

-

-

-

-

-

-

-

-

2,250

2,021

1,836

1,698

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Internal use software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,187

762

334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

21,982

16,055

4,016

-

-

-

-

-

-

-

-

-

-

2,215

2,215

2,215

2,215

2,215

2,215

2,215

2,215

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Goodwill

33,637

28,342

9,515

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

114

129

143

157

171

189

208

84

112

139

70

97

Total assets

92,816

83,789

51,303

48,073

45,467

46,448

21,787

12,293

12,143

8,881

8,481

8,598

7,926

10,766

10,550

10,775

12,369

13,225

13,870

15,160

16,072

14,806

15,981

3,353

3,207

3,437

3,419

3,169

3,417

3,068

1,869

1,662

1,564

1,471

1,309

Current liabilities
Accounts payable

3,119

1,570

876

1,264

720

1,089

842

586

691

420

531

638

710

1,085

864

772

1,029

978

640

900

474

170

707

867

840

1,041

1,053

862

1,064

531

534

403

310

-

117

Accrued expenses and other current liabilities

3,369

642

204

142

91

162

172

202

201

170

63

69

116

50

80

113

146

150

62

160

121

10

30

146

52

51

19

8

149

126

58

69

100

-

108

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

347

-

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

-

Accrued compensation

-

-

-

-

998

712

517

392

491

368

286

248

175

408

523

463

419

372

326

272

535

314

208

503

224

218

288

363

136

97

75

86

85

87

95

Lease liabilities, operating, current portion

804

771

665

651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note payable to related party, net of discount of $155,996 at December 31, 2016

-

-

-

-

-

-

-

-

-

-

-

-

-

1,750

656

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest, related party

-

-

-

-

-

-

-

-

-

-

33

-

-

39

8

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent, current portion

-

-

-

-

130

130

130

130

130

130

130

130

130

130

130

-

130

130

130

130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration, current portion

377

441

441

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

130

-

-

-

-

130

117

117

111

111

111

111

111

97

87

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20

20

178

20

20

20

20

20

Total current liabilities

7,669

5,014

3,163

2,701

1,939

2,095

1,663

1,311

1,513

1,089

1,045

1,085

1,133

3,464

2,263

1,479

1,725

1,631

1,160

1,464

1,261

613

1,063

1,628

1,228

1,423

1,473

1,365

1,468

1,021

687

579

516

502

340

Warrant liability

39,602

41,771

44,194

48,106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration, long term

1,537

1,051

1,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent, long-term

-

-

-

-

349

386

422

457

492

-

-

-

-

-

-

-

-

809

832

848

-

-

-

-

-

942

-

-

-

-

-

0

-

-

-

Lease liabilities, operating, long-term

550

753

806

980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note payable to related party, net of discount of $155,996 at December 31, 2016

-

-

-

-

-

-

-

-

-

0

0

3,937

2,844

-

-

-

-

-

-

-

-

0

0

10,603

10,603

10,603

10,603

10,603

10,603

10,603

10,303

10,128

9,903

-

9,033

Accrued interest, related party

-

-

-

-

-

-

-

-

-

0

0

181

97

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,025

-

-

-

Promissory notes payable, related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,653

-

Accrued interest, related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,501

3,316

3,130

2,944

2,759

2,573

2,388

2,204

-

1,852

1,680

1,354

Deferred rent, long-term

-

-

-

-

-

-

-

-

-

526

559

590

685

713

740

766

784

-

-

-

874

795

840

891

918

-

798

838

714

697

-

-

-

-

-

Other long-term liabilities

4

3

7

13

31

37

45

52

46

51

56

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

89

94

99

104

109

114

119

129

Total liabilities

49,362

48,598

49,231

51,813

2,319

2,519

2,131

1,821

2,051

1,666

1,660

5,795

4,760

4,178

3,004

2,246

2,510

2,441

1,993

2,312

2,136

1,408

1,904

16,624

16,066

16,099

15,819

15,655

15,453

14,809

13,299

12,842

12,385

11,955

10,857

Commitments and Contingencies (Note 12)

-

-

-

-

-

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

Shareholders’ equity
Preferred stock, $0.001 par value; 1,000,000 shares authorized, Series A, 4,250 shares designated, and 0 shares issued and outstanding at December 31, 2019 and 2018

-

-

-

-

-

0

0

0

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, $0.001 par value; 150,000,000 shares authorized, 20,825,452 and 18,547,406 shares issued and outstanding at December 31, 2019 and 2018, respectively

21

20

19

19

19

18

16

14

14

13

13

13

12

12

12

12

12

12

12

12

12

12

11

5

70

70

70

4

69

69

69

69

69

69

69

Additional paid-in capital

143,485

138,206

115,357

113,797

114,160

115,775

92,653

84,517

84,036

80,494

79,676

74,891

74,355

74,027

73,719

72,983

72,823

72,347

72,149

71,969

71,911

71,727

71,519

43,618

43,480

43,368

43,347

43,320

43,194

43,136

42,948

42,901

42,849

42,708

42,576

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-0

-0

-1

-0

-6

-3

-

0

-

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-100,052

-103,035

-113,304

-117,556

-71,031

-71,863

-73,014

-74,060

-73,958

-73,293

-72,868

-72,100

-71,202

-67,878

-66,909

-65,553

-64,326

-63,207

-62,138

-61,144

-60,112

-58,337

-57,454

-56,895

-56,410

-56,100

-55,818

-55,811

-55,299

-54,947

-54,448

-54,151

-53,740

-53,261

-52,194

Total shareholders’ equity

43,454

35,191

2,072

-3,740

43,148

43,929

19,655

10,471

10,092

-

-

-

-

6,161

6,822

7,442

8,508

9,151

10,021

10,836

13,936

13,398

14,077

-13,271

-12,859

-12,662

-12,400

-12,486

-12,035

-11,740

-11,430

-11,180

-10,821

-10,483

-9,548

Total non-controlling interest equity

-

-

-

-

-

-

-

-

-

-

-

-

-

426

723

1,087

1,350

1,632

1,855

2,011

2,132

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total BioLife Solutions, Inc. shareholders equity

-

-

-

-

-

-

-

-

-

7,214

6,820

2,803

3,166

6,588

7,546

8,529

9,859

10,784

11,877

12,847

11,803

-

-

-13,271

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and shareholders’ equity

92,816

83,789

51,303

48,073

45,467

46,448

21,787

12,293

12,143

8,881

8,481

8,598

7,926

10,766

10,550

10,775

12,369

13,225

13,870

15,160

16,072

14,806

15,981

3,353

3,207

3,437

3,419

3,169

3,417

3,068

1,869

1,662

1,564

1,471

1,309