Cyanotech corp (CYAN)
Balance Sheet / Quarterly
Dec'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'11
Current assets:
Cash

1,609

1,094

1,055

840

1,573

663

935

1,329

1,763

2,102

1,299

1,407

1,662

2,055

1,554

1,240

1,995

2,062

1,502

2,226

2,541

2,858

3,393

4,312

2,510

3,279

3,104

4,364

3,609

3,603

4,652

5,061

4,190

4,091

3,109

2,062

Accounts receivable, net of allowance for doubtful accounts of $13 at December 31, 2019 and $27 at March 31, 2019

1,581

1,655

1,794

1,982

1,883

1,882

2,804

2,664

2,926

1,541

2,619

2,135

2,467

3,053

2,246

2,983

3,058

4,226

3,548

3,258

3,804

4,185

3,064

2,376

4,502

4,038

3,896

3,766

4,242

3,818

2,737

2,373

2,855

2,524

2,762

2,641

Inventories, net

11,206

11,129

11,570

11,274

10,112

10,439

9,487

9,034

9,702

9,315

7,981

7,972

7,671

7,459

8,388

7,856

7,352

6,169

5,839

5,678

6,540

5,312

4,818

5,341

5,230

4,480

4,213

3,688

3,488

3,357

3,089

3,548

3,556

3,188

2,809

3,627

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

157

74

74

74

74

315

315

315

315

216

216

216

216

110

110

110

110

137

137

137

137

17

17

17

17

Prepaid expenses and other current assets

424

448

495

496

641

700

593

590

553

447

427

565

758

761

604

502

619

463

401

317

406

452

397

339

426

564

651

263

279

268

262

300

374

225

147

134

Total current assets

14,820

14,326

14,914

14,592

14,209

13,684

13,819

13,617

14,944

13,405

12,326

12,236

12,632

13,402

12,866

12,655

13,339

13,235

11,605

11,794

13,507

13,023

11,888

12,584

12,778

12,471

11,974

12,191

11,755

11,183

10,877

11,419

10,992

10,045

8,844

8,481

Equipment and leasehold improvements, net

13,474

13,867

14,309

14,752

15,183

15,122

15,432

15,734

15,945

16,023

16,289

16,712

16,867

17,145

17,458

17,796

17,904

17,534

15,533

14,754

13,957

13,232

12,417

14,754

11,366

10,930

10,198

8,835

8,471

6,704

6,186

5,834

5,416

-

-

4,557

Operating lease right-of-use assets, net

3,909

3,983

4,056

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

0

0

65

65

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

328

486

561

1,091

1,115

1,368

1,851

2,010

2,717

3,360

281

2,250

-

-

-

-

-

-

Equipment and leasehold improvements, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,871

4,649

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,867

3,373

3,169

3,035

3,095

3,550

3,875

3,297

3,034

3,094

3,323

3,429

1,307

1,307

1,307

1,307

535

535

535

535

Other assets

234

261

234

282

291

298

280

291

317

251

207

213

222

374

400

696

794

778

929

846

805

872

882

902

843

809

811

772

769

759

514

478

291

275

279

287

Total assets

32,437

32,437

33,513

29,626

29,683

29,104

29,531

29,707

31,271

29,679

28,822

29,161

29,721

30,921

30,724

31,147

34,904

34,920

31,564

30,915

31,925

31,768

30,177

29,977

29,872

29,314

29,023

28,587

22,583

22,203

18,884

19,038

17,234

15,726

14,307

13,860

Current liabilities:
Accounts payable

2,700

2,838

3,742

4,922

4,055

4,295

3,735

3,527

3,590

3,473

3,132

3,666

3,548

4,184

3,991

4,000

3,910

3,994

3,090

2,926

3,835

4,244

3,284

3,147

2,437

2,124

2,209

1,852

1,956

2,176

1,489

1,726

1,194

1,236

981

1,054

Accrued expenses

901

834

1,112

992

1,073

811

1,000

892

1,345

1,012

1,143

1,013

1,396

1,503

1,660

1,430

1,321

1,160

1,055

1,124

1,043

1,032

779

774

831

753

751

872

793

971

884

1,352

1,343

1,019

834

823

Customer deposits

409

304

165

626

172

-

-

133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations, current portion

311

304

290

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term contract obligation

38

54

101

285

332

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

2,000

2,000

2,000

2,000

1,750

1,750

1,250

500

500

500

500

611

611

611

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

700

673

667

663

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

-

663

663

660

655

656

626

624

623

614

605

579

574

562

560

233

234

209

210

210

204

-

-

156

128

64

60

222

234

-

-

-

-

Current maturities of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

202

199

-

-

-

-

-

-

234

224

217

204

Customer deposits

-

-

-

-

-

83

300

-

39

72

80

119

76

50

65

117

130

97

83

31

46

34

63

30

60

67

29

33

42

43

36

49

39

77

97

115

Total current liabilities

7,059

7,007

8,077

9,488

8,045

7,602

6,945

5,707

6,130

5,683

5,479

6,032

6,245

6,953

6,895

6,121

5,923

5,811

4,961

4,315

5,133

5,520

4,336

4,155

3,530

3,143

3,145

2,885

2,855

3,250

2,631

3,361

2,810

2,556

2,129

2,196

Long-term debt, less current maturities

-

-

-

-

5,328

5,482

5,636

5,790

5,948

5,959

6,105

6,249

6,400

6,549

6,653

7,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,193

7,335

5,053

5,109

5,103

5,155

5,206

5,263

-

-

-

5,454

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

157

74

74

74

74

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

-

-

57

93

98

103

108

110

99

116

-

-

-

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current maturities

6,172

6,349

6,509

5,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,303

5,354

5,418

-

2,286

2,310

354

400

457

493

531

553

Long-term operating lease obligations

3,603

3,679

3,766

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

57

58

57

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

43

38

34

-

10

7

8

8

7

8

8

8

18

19

21

21

16

15

16

12

-

-

-

-

Total liabilities

16,891

17,093

18,409

14,717

13,430

13,177

12,679

11,600

12,186

11,752

11,683

12,554

12,762

13,614

13,656

13,319

13,126

13,153

10,022

9,432

10,243

10,683

9,550

9,426

8,851

8,516

8,584

8,360

5,157

5,575

3,001

3,773

3,267

3,049

2,660

2,749

Commitments and contingencies

-

-

-

-

-

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

Stockholders’ equity:
Preferred stock of $0.01 par value, authorized 10,000,000 shares; no shares issued and outstanding

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock of $0.02 par value, authorized 50,000,000 shares; issued and outstanding 5,925,717 shares at December 31, 2019 and 5,879,710 shares at March 31, 2019

118

118

118

117

117

117

116

115

115

115

114

114

113

113

113

112

112

112

111

111

111

110

110

110

110

110

109

109

109

109

109

109

109

108

108

108

Additional paid-in capital

32,817

32,786

32,774

32,447

32,318

32,280

32,070

32,051

31,971

31,919

31,608

31,577

31,657

31,656

31,515

31,585

31,481

31,221

31,010

30,846

30,646

-

-

29,891

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,354

30,084

-

29,698

29,511

29,259

29,077

28,910

28,718

28,449

28,324

28,185

28,008

27,853

27,803

Accumulated deficit

-17,389

-17,560

-17,788

-17,655

-16,182

-16,470

-15,334

-14,059

-13,001

-14,107

-14,583

-15,084

-14,811

-14,462

-14,560

-13,869

-9,815

-9,566

-9,579

-9,474

-9,075

-9,379

-9,567

-9,450

-8,787

-8,823

-8,929

-8,959

-11,593

-12,199

-12,675

-13,168

-14,327

-15,439

-16,314

-16,800

Total stockholders’ equity

15,546

15,344

15,104

14,909

16,253

15,927

16,852

18,107

19,085

17,927

17,139

16,607

16,959

17,307

17,068

17,828

21,778

21,767

21,542

21,483

21,682

21,085

20,627

20,551

21,021

20,798

20,439

20,227

17,426

16,628

15,883

15,265

13,967

12,677

-

11,111

Total stockholders' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,647

-

Total liabilities and stockholders’ equity

32,437

32,437

33,513

29,626

29,683

29,104

29,531

29,707

31,271

29,679

28,822

29,161

29,721

30,921

30,724

31,147

34,904

34,920

31,564

30,915

31,925

31,768

30,177

29,977

29,872

29,314

29,023

28,587

22,583

22,203

18,884

19,038

17,234

15,726

14,307

13,860