Nesco holdings, inc (CIC)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17
Assets
Current Assets
Cash

10,236

6,302

201

83

756

2,140

21

394

745

501

948

234

Accounts receivable, net of allowance of $4,685 and $4,654 respectively

70,282

71,323

62,617

-

-

52,559

-

-

-

-

-

-

Inventory

30,738

33,001

21,409

-

-

11,435

-

-

-

-

-

-

Prepaid expenses and other

5,251

5,217

4,791

10

12

2,483

38

63

149

106

164

-

Total current assets

116,507

115,843

89,018

93

769

68,617

60

458

894

608

1,112

-

Property and equipment, net

9,802

6,561

9,195

-

-

2,763

-

-

-

-

-

-

Rental equipment, net

380,053

383,420

341,870

-

-

320,722

-

-

-

-

-

-

Goodwill and other intangibles, net

308,014

308,747

-

-

-

299,454

-

-

-

-

-

-

Notes receivable

691

713

-

-

-

0

-

-

-

-

-

-

Goodwill

-

-

228,714

-

-

-

-

-

-

-

-

-

Other intangible assets, net

-

-

70,236

-

-

-

-

-

-

-

-

-

Total other assets

-

-

298,950

-

-

-

-

-

-

-

-

-

Cash and marketable securities held in Trust Account

-

-

-

412,052

410,026

-

406,385

404,630

403,118

402,500

402,500

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

77

Accounts payable

815,067

815,284

739,033

412,146

410,796

691,556

406,445

405,088

404,013

403,108

403,612

312

Liabilities and Stockholder's Deficit
Current Liabilities
Accounts payable

28,038

41,172

36,178

-

-

20,867

-

-

-

-

-

-

Advance from related party

-

-

-

-

-

-

-

-

-

-

5

-

Accrued expenses

15,165

27,590

5,495

-

-

20,383

-

-

-

-

-

37

Accrued interest expense

-

-

10,144

-

-

-

-

-

-

-

-

-

Deferred rent income

1,753

2,270

2,314

-

-

4,762

-

-

-

-

-

-

Current maturities of long-term debt

1,601

1,280

1,280

-

-

2,531

-

-

-

-

-

-

Current portion of capital lease obligations

7,430

5,451

5,313

-

-

4,866

-

-

-

-

-

-

Current liabilities - Accounts payable and accrued expenses

-

-

-

206

176

-

106

180

125

176

69

-

Total current liabilities

53,987

77,763

60,724

206

176

53,409

106

180

125

176

75

292

Long-term debt, net

749,111

713,023

655,396

-

-

756,872

-

-

-

-

-

-

Capital leases

18,898

22,631

24,140

-

-

28,418

-

-

-

-

-

-

Deferred tax liabilities

12,940

12,288

12,006

-

-

11,191

-

-

-

-

-

-

Interest rate collar

7,671

1,709

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

2,552

-

-

422

-

-

-

-

-

-

Total long-term liabilities

788,620

749,651

694,094

-

-

796,903

-

-

-

-

-

-

Advances from officer

-

-

-

-

-

-

-

-

-

-

-

5

Convertible promissory notes - related parties

-

-

-

950

750

-

-

-

-

-

-

250

Deferred underwriting fee

-

-

-

14,087

14,087

-

14,087

14,087

14,087

14,087

14,087

-

Total Liabilities

-

-

-

15,243

15,014

-

14,194

14,268

14,212

14,263

14,162

-

Commitments and contingencies

-

-

-

-

-

-

0

0

-

-

0

0

Common Stock, subject to possible redemption, 38,271,779 and 38,402,649 shares at redemption value as of June 30, 2019 and December 31, 2018, respectively

-

-

-

391,903

390,781

-

387,251

385,820

384,800

383,844

384,450

-

Stockholders' Deficit
Preferred Stock, $0.0001 par value; 5,000,000 authorized; none issued and outstanding

-

-

-

-

-

-

0

0

0

-

0

0

Common stock - $0.0001 par value, 250,000,000 shares authorized, 49,033,903 shares issued and outstanding, at March 31, 2020 and December 31, 2019

5

5

5

1

-

2

-

-

-

-

-

-

Additional paid-in capital

433,136

432,577

432,027

-

-

259,298

2,369

3,800

4,820

5,776

5,170

23

Accumulated deficit

-460,681

-444,712

-447,817

4,998

4,998

-417,660

2,628

1,198

177

-777

-172

-5

Accumulated other comprehensive loss

-

-

0

-

-

-396

-

-

-

-

-

-

Total stockholders' deficit

-27,540

-12,130

-15,785

5,000

5,000

-158,756

5,000

5,000

5,000

5,000

5,000

19

Total Liabilities and Stockholders' Deficit

815,067

815,284

739,033

412,146

410,796

691,556

406,445

405,088

404,013

403,108

403,612

312

Common Class A [Member]
Ordinary Shares, value

-

-

-

-

0

-

-

-

-

0

-

-

Total Shareholders' Equity

-

-

-

-

0

-

-

-

-

0

-

-

Common Class B [Member]
Ordinary Shares, value

-

-

-

-

1

-

-

-

-

1

-

-

Total Shareholders' Equity

-

-

-

-

1

-

-

-

-

1

-

-