Chembio diagnostics, inc. (CEMI)
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'11Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

11,238

18,271

21,867

4,504

7,370

12,524

6,848

9,505

12,457

3,790

1,871

3,691

5,582

10,554

12,171

1,439

2,657

5,376

1,102

1,564

2,815

4,614

3,672

6,835

9,087

9,650

8,045

8,645

2,598

2,951

3,290

4,390

2,954

3,010

3,045

2,139,329

2,136

Accounts receivable, net of allowance for doubtful accounts of $62,000 at both March 31, 2020 and December 31, 2019

4,877

3,661

5,377

7,734

7,717

7,373

7,794

6,886

3,813

2,085

5,768

4,671

5,681

3,383

4,208

4,579

4,896

2,422

9,514

8,867

8,260

8,338

8,315

5,423

3,369

4,592

5,505

3,894

5,278

4,821

2,567

2,215

3,616

2,998

2,657

1,642,749

3,946

Inventories, net

10,930

9,598

8,409

9,070

9,855

7,851

5,978

6,349

5,802

4,423

5,235

4,993

3,754

3,335

3,427

3,481

3,383

3,578

3,010

3,781

3,698

3,638

3,975

4,079

3,604

3,188

3,747

3,848

2,601

2,488

3,037

3,141

2,706

2,300

2,588

2,917,473

1,349

Prepaid expenses and other current assets

798

693

598

570

2,242

702

1,579

788

836

554

842

777

910

840

778

860

1,109

1,256

1,537

1,521

1,427

1,066

1,035

1,144

1,118

1,099

708

730

754

747

705

736

755

681

188

214,626

204

TOTAL CURRENT ASSETS

27,844

32,223

36,253

21,879

27,186

28,451

22,200

23,530

22,909

10,853

13,718

14,135

15,928

18,113

20,585

10,361

12,047

12,634

15,165

15,734

16,202

17,658

16,999

17,482

17,180

18,530

18,006

17,118

11,233

11,008

9,601

10,483

10,032

8,991

8,480

6,914,177

7,636

Fixed Asset [Abstract]
Property, plant and equipment, net

6,659

5,933

5,245

3,517

3,204

2,873

2,372

2,371

1,859

1,909

1,964

2,093

1,901

1,709

1,847

2,035

2,202

2,374

2,622

2,801

2,973

2,797

2,118

2,126

1,872

1,978

1,822

1,832

1,656

1,427

1,334

1,144

1,118

1,062

848

778,123

813

Finance lease right of use asset, net

226

210

222

233

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sum of the carrying amounts as of the balance sheet date of Fixed assets.

-

-

5,467

3,751

9,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER ASSETS:
Operating right-of-use assets, net

6,785

7,030

6,697

6,949

5,807

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

3,655

3,914

3,508

3,684

3,772

3,884

1,431

1,515

1,628

1,597

1,573

1,588

1,560

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

5,493

5,872

4,681

4,822

4,854

4,983

1,628

1,673

1,747

1,666

1,597

1,571

1,162

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, net of valuation allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,619

5,467

4,597

4,469

4,258

4,031

3,829

3,816

3,733

3,590

3,874

4,197

4,079

4,233

4,483

4,309

4,492

4,749

-

-

0

License agreements, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

50

75

100

205

290

374

256

246

273

300

326

353

350

375

400

425

450

475

500

525

550,000

600

Deposits on manufacturing equipment

-

-

-

-

-

-

-

-

-

-

243

51

173

-

46

52

28

30

0

0

26

20

479

94

43

16

224

1

86

223

252

285

201

139

208

156,536

0

Deposits and other assets

528

543

308

972

770

717

331

357

527

589

146

156

161

752

179

189

200

209

218

227

236

245

255

264

316

44

44

41

41

41

41

41

38

42

36

36,226

36

OTHER ASSETS

-

-

15,196

16,428

9,397

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL NON CURRENT ASSETS

-

-

-

-

-

-

3,392

3,545

3,903

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL ASSETS

51,192

55,728

56,917

42,059

45,596

40,911

27,965

29,447

28,671

16,616

19,244

19,596

20,887

20,575

22,684

12,689

20,172

20,816

22,808

23,522

24,072

25,010

23,928

24,057

23,445

24,486

24,326

23,541

17,473

17,335

16,140

16,715

16,359

15,485

10,098

8,435,062

9,086

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued liabilities

6,536

5,526

5,445

5,317

6,373

5,888

6,798

6,010

4,332

3,046

3,870

3,701

3,398

3,013

2,588

2,708

2,416

2,801

4,414

4,717

4,389

4,946

3,819

3,795

3,268

4,309

3,935

3,929

3,189

3,303

2,686

2,640

3,081

2,789

2,346

1,995,746

2,055

Deferred revenue

543

125

237

518

200

422

760

660

100

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liabilities

47

41

41

43

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

766

568

255

389

514

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

207

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

112

180

-

207

207

207

202

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

340

0

0

0

0

0

0

0

51

50

49

51

53

341

57,214

55

Deferred revenue

-

-

-

-

-

-

-

-

-

-

0

161

116

392

453

818

344

353

150

195

495

-

-

-

-

-

-

-

-

-

-

-

-

-

490

0

65

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

0

23

23

23

-

-

0

-

-

-

Customer deposits and deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

415

-

-

-

-

-

License fee payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

875

Current portion of obligations under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

0

0

0

14

21

25,716

24

TOTAL CURRENT LIABILITIES

8,006

6,441

6,187

6,476

7,295

6,519

7,761

6,671

4,432

3,096

3,870

3,862

-

3,405

-

-

2,760

3,154

4,564

4,913

4,885

5,286

3,819

3,795

3,268

4,309

3,935

3,929

3,212

3,378

2,760

3,106

3,133

2,857

3,199

2,078,676

3,076

OTHER LIABILITIES:
Long-term operating lease liabilities

6,770

6,969

6,706

6,582

6,466

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term finance lease liabilities

184

171

182

189

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current portion and debt discount and issuance costs

-

-

17,538

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

-

-

-

-

-

171

207

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current portion, and debt discount and issuance costs

17,771

17,644

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

327

466

-

-

-

892

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

-

-

-

79

141

-

-

426

99

99

99

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

505

792

631

-

333

342

357

341

335

335

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans payable - net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

0

0

82

95

108

120

133

145

158,066

186

Obligations under capital leases - net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,631

14

TOTAL LIABILITIES

33,059

31,693

31,121

14,121

14,535

7,583

8,302

7,440

4,889

3,536

4,305

4,198

3,514

3,405

3,041

3,527

2,760

3,154

4,564

4,913

4,885

5,286

3,819

3,795

3,268

4,309

3,935

3,929

3,212

3,460

2,855

3,214

3,254

2,991

3,344

2,238,373

3,277

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

0

0

0

-

-

0

-

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

0

0

0

0

0

0

0

0

0

STOCKHOLDERS' EQUITY:
Preferred stock - 10,000,000 shares authorized; none 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

Common stock - $0.01 par value; 100,000,000 shares authorized; 17,327,235 shares and 17,733,617 shares issued at March 31, 2020 and December 31, 2019, respectively

173

177

175

175

171

171

141

141

141

123

123

122

122

120

120

96

96

96

96

96

96

96

96

96

94

93

93

93

80

80

80

79

636

79

633

633,034

622

Additional paid-in capital

95,543

95,433

93,376

91,674

91,301

90,953

74,108

74,033

73,906

62,821

62,733

62,611

62,537

60,721

60,637

48,041

47,944

47,890

47,824

47,751

47,665

47,556

47,445

47,326

47,097

46,875

46,827

46,765

41,184

41,116

41,017

40,942

40,298

40,678

40,064

39,983,176

39,658

Accumulated deficit

-76,584

-71,585

-67,696

-63,913

-60,726

-57,909

-54,739

-52,424

-50,696

-50,044

-48,045

-47,461

-45,288

-43,672

-41,114

-38,976

-30,629

-30,325

-29,676

-29,239

-28,575

-27,928

-27,432

-27,161

-27,015

-26,791

-26,529

-27,245

-27,004

-27,321

-27,813

-27,521

-27,829

-28,263

-33,943

-34,419,521

-34,472

Treasury Stock, 31,486 shares at cost

145

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive (loss) income

-853

9

-60

1

314

112

-

-

-

178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive income

-

-

-

-

-

-

152

257

431

-

128

124

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL STOCKHOLDERS' EQUITY

18,133

24,035

25,796

27,937

31,060

33,327

19,663

22,007

23,782

13,079

14,939

15,397

17,372

17,169

19,643

9,162

17,411

17,661

18,243

18,608

19,186

19,724

20,109

20,261

20,176

20,177

20,391

19,612

14,260

13,874

13,284

13,500

13,105

12,494

6,753

6,196,689

5,808

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

51,192

55,728

56,917

42,059

45,596

40,911

27,965

29,447

28,671

16,616

19,244

19,596

20,887

20,575

22,684

12,689

20,172

20,816

22,808

23,522

24,072

25,010

23,928

24,057

23,445

24,486

24,326

23,541

17,473

17,335

16,140

16,715

16,359

15,485

10,098

8,435,062

9,086