Determine, inc. (DTRM)
Balance Sheet / TTM
Dec'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
ASSETS
Current assets
Cash and cash equivalents

8,318

7,532

6,156

9,928

10,077

11,761

13,656

9,429

9,387

8,026

9,651

9,418

9,840

7,978

11,262

13,178

8,475

10,132

12,218

16,907

9,721

11,800

13,913

12,098

9,806

12,052

13,583

15,877

15,013

13,013

16,636

16,822

Accounts receivable, net of allowance for doubtful accounts of $129 and $215 as of December 31, 2018 and March 31, 2018, respectively

6,574

3,880

6,278

6,605

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

199

199

1,597

199

199

Accounts receivable, net of allowance for doubtful accounts of $215 and $114 as of March 31, 2018 and March 31, 2017, respectively

-

-

-

-

9,031

6,788

6,688

7,042

6,759

5,970

6,185

7,031

6,728

6,437

4,861

5,203

4,705

4,445

2,494

3,006

4,040

3,447

2,935

3,455

4,591

3,682

3,581

2,446

2,644

1,708

2,046

2,695

Restricted cash

-

-

-

-

27

27

26

34

34

34

34

34

34

34

34

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

25

26

26

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

2,104

2,185

1,544

1,542

1,243

1,420

1,443

1,553

1,408

1,340

1,488

1,551

1,452

1,479

1,561

1,647

1,347

1,516

1,009

689

538

889

832

853

622

512

655

531

371

400

457

450

Total current assets

17,021

13,623

14,004

18,103

20,378

19,996

21,813

18,058

17,588

15,370

17,358

18,034

18,054

15,928

17,718

20,062

14,527

16,093

15,721

20,602

14,299

16,136

17,680

16,406

15,019

16,246

17,819

19,053

18,227

16,718

19,338

20,166

Property and equipment, net

105

120

121

90

83

79

84

85

94

111

130

136

146

187

224

290

354

427

284

312

317

350

401

407

399

368

372

362

381

380

357

423

Capitalized software development costs, net

3,375

3,343

3,320

2,994

2,907

2,754

2,578

2,341

2,131

1,946

1,827

1,699

2,974

2,827

2,493

2,258

2,277

1,783

1,280

856

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

14,931

15,026

15,052

15,458

15,256

15,143

14,904

14,448

14,346

14,490

14,490

14,490

14,636

14,628

7,702

7,702

8,353

8,253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangibles, net

2,283

2,824

3,361

3,952

4,452

4,977

5,441

5,860

6,346

6,944

7,479

8,011

8,589

9,130

6,104

6,453

6,802

7,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

661

382

-

-

-

-

-

-

-

-

-

-

Other assets

1,325

1,646

1,589

1,467

1,100

1,211

1,531

1,599

1,492

1,797

2,022

1,843

948

1,003

495

521

288

273

36

30

40

78

89

39

39

39

39

39

39

39

-

-

Total assets

39,040

36,582

37,447

42,064

44,176

44,160

46,351

42,391

41,997

40,658

43,306

44,213

45,347

43,703

34,736

37,286

32,601

33,980

17,321

21,800

15,317

16,946

18,170

16,852

15,457

16,653

18,230

19,454

18,647

17,137

19,695

20,589

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Credit facility

14,465

13,805

10,973

12,128

11,821

11,970

11,861

11,861

10,861

10,861

10,861

9,000

7,996

7,100

6,857

7,447

6,989

7,000

-

6,949

-

-

-

-

-

-

-

-

-

-

-

-

Credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,613

-

-

-

-

-

-

-

-

-

-

-

-

-

Credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,234

5,994

5,561

6,000

5,894

6,000

6,000

6,000

6,000

4,713

-

-

Current portion of note payable to Versata (See Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

786

786

Accounts payable

2,634

2,453

2,479

2,371

2,279

2,206

1,996

2,478

2,435

1,799

1,286

1,973

1,938

1,769

1,593

1,535

1,881

1,734

1,496

1,371

1,002

1,058

1,006

1,010

751

876

930

395

551

498

744

813

Accrued payroll and related liabilities

1,982

1,950

2,062

1,986

1,985

1,949

1,972

1,729

1,802

1,677

1,858

1,655

2,219

2,489

1,320

910

1,165

1,060

726

648

413

547

850

982

819

739

613

1,771

976

768

685

448

Other accrued liabilities

2,898

2,749

2,313

2,239

2,408

2,229

2,423

2,042

2,020

2,377

2,336

2,396

2,084

2,069

1,709

1,877

-

-

-

345

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

8,935

-

-

9,487

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

154

35

232

-

-

-

-

-

-

-

-

Warrant liabilty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,407

-

-

-

-

-

-

-

-

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,871

1,355

283

-

291

93

83

163

90

87

84

88

44

45

124

98

Deferred revenue

-

7,957

9,247

-

10,179

8,954

9,828

10,070

10,028

9,300

10,097

10,299

8,870

8,300

8,233

8,432

8,069

6,682

4,556

5,131

5,275

5,114

5,413

6,153

4,636

4,811

5,538

5,394

3,624

2,953

3,389

3,746

Income tax payable

53

52

50

48

77

33

-

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

-

-

-

-

-

-

120

-

78

43

24

14

875

1,186

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COFACE loan

-

-

-

-

20

77

130

174

222

294

349

407

426

437

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued restructuring

-

-

-

-

-

-

-

-

0

0

0

403

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

30,967

28,966

27,124

28,259

28,769

27,418

28,330

28,377

27,446

26,351

26,811

26,147

24,408

23,350

19,711

20,179

19,975

17,831

12,674

14,444

13,264

12,960

15,355

14,540

12,190

12,513

13,165

13,648

11,195

8,977

5,728

5,891

Long-term deferred revenue

160

-

-

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term deferred revenue

-

51

27

-

177

13

36

10

5

40

57

67

149

19

15

22

65

227

433

618

816

1,019

1,393

1,772

868

964

1,126

1,327

-

-

-

574

Convertible note, net of debt discount

8,154

7,922

7,696

7,475

7,260

7,051

6,845

7,599

7,374

5,432

5,425

5,420

5,415

2,910

2,905

2,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term promissory notes

2,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,344

3,482

Other long-term liabilities

2,837

1,739

1,582

1,306

1,306

1,306

1,306

1,306

1,055

1,579

1,578

1,382

153

157

162

167

0

33

26

-

-

20

20

20

27

33

37

41

965

384

468

-

Deferred tax liability, non-current

-

-

-

-

-

-

-

-

81

154

210

290

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

44,189

38,678

36,429

37,124

37,512

35,788

36,517

37,292

35,961

33,556

34,081

33,306

30,125

26,436

22,793

23,268

20,040

18,091

13,133

15,062

14,080

13,999

16,768

16,332

13,085

13,510

14,328

15,016

12,160

9,361

9,540

9,947

Commitments and contingencies (Notes 6 and 7)

-

0

0

-

0

0

0

0

0

-

0

0

0

0

0

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

0

Carrying value of Series D Stock as of March 31, 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

0

Stockholders' equity (deficit):
Common stock, $0.0001 par value; Authorized: 35,000 shares at December 31, 2018 and March 31, 2018; Issued: 15,382 and 15,050 shares at December 31, 2018 and March 31, 2018, respectively; Outstanding: 15,237 and 14,905 shares at December 31, 2018 and March 31, 2018, respectively

7

7

7

7

7

7

7

5

5

5

5

5

5

5

5

5

4

4

4

4

4

4

4

-

4

4

4

4

4

4

4

4

Additional paid-in capital

327,096

327,007

326,479

325,942

325,105

324,655

324,009

317,367

316,541

315,267

314,360

313,674

313,050

312,317

303,626

297,866

297,052

296,537

282,135

278,083

273,067

272,653

270,165

-

267,098

266,811

266,681

266,508

266,398

266,254

266,082

265,973

Treasury stock at cost - 145 shares at December 31, 2018 and March 31, 2018

472

472

472

472

472

472

472

472

472

472

472

472

472

472

472

-472

472

472

472

472

472

472

472

-

472

472

472

472

472

472

-

-

Accumulated deficit

-332,348

-329,341

-325,759

-321,697

-318,872

-316,526

-313,855

-311,749

-310,040

-307,847

-304,639

-302,297

-297,464

-294,641

-291,216

-288,276

-284,023

-280,180

-277,479

-274,530

-271,362

-269,238

-268,772

-

-264,258

-263,200

-262,311

-261,602

-259,443

-258,010

-255,931

-255,335

Accumulated other comprehensive income

568

703

763

1,160

896

708

145

-52

-147

24

-142

-116

-11

-57

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity (deficit)

-5,149

-2,096

1,018

4,940

6,664

8,372

9,834

5,099

5,887

6,977

9,112

10,794

15,108

17,152

11,943

9,123

12,561

15,889

4,188

3,085

1,237

2,947

925

520

2,372

3,143

3,902

4,438

6,487

7,776

10,155

10,642

Non-controlling interest

-

-

-

-

-

-

-

-

149

125

113

113

114

115

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

-

-

-

-

-

-

-

-

6,036

7,102

9,225

10,907

15,222

17,267

-

9,123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders’ equity (deficit)

39,040

36,582

37,447

42,064

44,176

44,160

46,351

42,391

41,997

40,658

43,306

44,213

45,347

43,703

34,736

37,286

32,601

33,980

17,321

21,800

15,317

16,946

18,170

-

15,457

16,653

18,230

19,454

18,647

17,137

19,695

20,589