Ensync, inc. (ESNC)
Balance Sheet / TTM
Sep'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'11
Assets
Current assets:
Cash and cash equivalents

2,981

2,984

5,349

5,871

9,103

11,782

12,399

17,566

19,923

17,189

21,804

28,171

36,328

10,757

15,045

17,710

21,078

10,360

13,393

600

3,079

1,096

2,509

2,118

4,637

7,763

906

1,680

1,968

2,910

Restricted cash on deposit

-

-

-

-

-

-

-

-

-

-

0

60

60

60

60

68

69

69

69

69

60

60

60

310

-

60

-

-

-

-

Accounts receivable, net

17

215

1,512

416

204

469

237

372

433

172

37

85

135

113

235

263

311

1,051

583

283

497

446

1,085

1,171

1,189

480

565

361

1,443

171

Inventories, net

1,487

1,220

1,448

1,566

2,342

2,482

1,947

1,839

1,797

1,869

2,208

2,673

2,283

1,198

1,189

1,451

1,400

1,352

1,748

2,125

2,169

2,459

2,677

2,844

3,831

2,912

2,255

2,737

1,829

1,662

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

0

0

0

545

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Customer intangible assets

-

-

-

-

-

-

8

8

76

76

-

-

-

0

-

-

-

-

0

42

226

411

593

774

958

1,143

1,325

1,508

1,634

1,811

Refundable income tax credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

80

84

91

93

52

157

137

304

265

192

185

157

117

221

164

Note receivable

-

-

-

-

168

-

174

177

174

171

-

-

-

159

-

-

150

0

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings

863

528

248

2,299

592

87

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

482

929

1,041

849

413

630

745

250

541

600

634

596

833

441

420

246

226

295

261

154

96

224

185

899

343

187

167

144

51

56

Deferred PPA project costs

-

-

-

-

-

-

0

0

516

5,690

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred customer project costs

-

-

-

-

113

-

202

164

115

419

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer intangible assets

-

-

-

-

-

-

-

-

-

-

123

154

163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

-

-

-

-

-

168

165

162

-

156

153

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred PPA project costs

-

-

-

-

-

-

-

-

-

-

159

159

137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred customer project costs

-

-

-

-

-

-

-

-

-

-

1,009

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Project assets

-

-

-

-

93

-

408

11

674

1,190

7,278

5,790

2,350

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

5,832

5,877

9,601

11,003

13,031

15,453

16,123

20,389

24,252

27,380

33,424

37,857

42,454

13,275

17,180

19,973

23,169

13,221

16,149

3,285

6,061

4,425

6,823

7,609

10,194

11,588

4,052

5,040

5,513

4,966

Long-term assets:
Property and equipment, net

812

775

664

2,830

2,902

3,446

3,549

3,610

3,744

3,889

4,027

3,794

3,956

4,164

4,315

4,371

4,246

4,382

4,526

4,685

5,045

5,179

5,394

5,261

5,416

5,484

5,791

5,725

5,230

4,766

Deferred offering and financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93

-

-

-

Investment in investee company

1,624

1,640

1,562

1,809

1,897

1,947

1,993

2,163

2,189

2,165

2,238

2,339

2,360

2,408

2,385

2,595

2,821

1,646

2,000

2,055

2,186

2,304

2,432

2,550

3,007

3,083

1,530

1,582

-

0

Goodwill

809

809

809

809

809

809

809

809

809

809

803

803

803

803

803

803

803

803

803

803

803

803

803

803

803

803

803

803

803

803

Right of use assets-operating leases

1,011

1,087

1,135

1,170

-

150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

91

91

93

93

130

7

163

103

116

27

-

-

-

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use assets - operating leases

-

-

-

-

-

-

-

-

-

-

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

10,181

10,280

13,866

17,717

18,771

21,814

22,640

27,077

31,111

34,271

40,524

44,794

49,574

20,737

24,685

27,744

31,190

20,053

23,479

10,871

14,322

13,123

16,047

16,999

20,379

22,103

13,595

14,659

13,182

12,347

Liabilities and Equity
Current liabilities:
Current maturities of long-term debt

-

-

47

556

641

726

338

336

334

332

-

-

-

324

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long-term debt

-

-

-

-

-

-

-

-

-

-

330

328

326

-

358

356

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of bank loans and notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

351

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of bank loans and notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

353

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank loans and notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

348

990

923

885

688

935

993

1,022

1,126

909

844

779

Accounts payable

877

1,142

1,564

1,884

1,491

487

630

569

449

569

585

1,411

1,396

1,056

556

467

540

589

633

732

1,059

570

1,947

1,336

1,917

1,899

1,745

1,865

1,623

961

Billings in excess of costs and estimated earnings

258

176

39

50

125

456

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

1,027

1,236

1,153

1,341

558

1,231

488

771

1,106

501

293

415

730

1,214

1,827

2,063

2,382

2,621

1,461

940

835

785

827

1,221

1,332

1,289

476

471

777

695

Customer deposits

-

-

-

-

165

-

104

211

397

201

1,230

1,064

1,213

1,177

782

455

266

741

1,202

1,715

2,348

2,194

1,140

1,602

915

1,315

1,637

1,836

1,791

1,528

Accrued compensation and benefits

-

-

-

-

318

-

286

272

323

257

130

273

305

235

356

228

344

195

194

142

241

164

247

131

271

335

188

120

208

289

Total current liabilities

2,163

2,555

2,805

3,833

3,301

2,902

1,848

2,160

2,612

1,861

2,570

3,492

3,972

4,008

3,881

3,570

3,888

4,498

3,839

4,521

5,408

4,600

4,852

5,226

5,430

5,861

5,174

5,205

5,245

4,254

Long-term liabilities:
Long-term debt

331

331

331

331

331

331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of current maturities

-

-

-

-

-

-

802

888

973

1,057

1,136

888

971

1,053

1,775

1,866

1,956

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

711

538

538

422

422

422

13,712

13,712

13,712

13,290

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

13,290

13,290

13,290

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

1,029

1,072

1,106

1,156

235

249

260

217

227

25

30

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank loans and notes payable, net of current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,045

-

-

-

-

-

-

-

-

-

-

-

-

Bank loans and notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,133

2,221

2,309

2,395

2,461

2,719

2,802

2,915

3,060

3,654

3,796

3,937

Total liabilities

4,236

4,498

4,782

5,744

4,290

3,906

16,624

16,979

17,526

16,234

17,028

17,671

18,233

5,062

5,656

5,436

5,844

6,543

5,973

6,743

7,718

6,996

7,313

7,946

8,233

8,776

8,234

8,859

9,041

8,191

Commitments and contingencies

0

0

0

0

0

0

0

0

0

0

0

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity
Series B redeemable convertible preferred stock ($0.01 par value, $1,000 face value), 3,000 shares authorized and issued, 2,300 shares 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

6,283

6,133

5,251

3,715

Series C convertible preferred stock ($0.01 par value, $1,000 face value), 28,048 shares authorized, issued, and outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock ($0.01 par value), 300,000,000 authorized, 68,014,385 and 56,609,115 shares issued and outstanding as of September 30, 2018 and June 30, 2018, respectively

1,388

1,274

1,272

1,268

1,264

1,260

1,188

1,188

1,186

1,185

1,184

1,184

1,179

1,099

1,099

1,099

1,098

964

960

885

885

885

872

775

775

729

410

359

325

299

Additional paid-in capital

145,911

143,008

142,664

142,473

142,373

141,822

139,205

138,706

137,857

137,585

137,205

136,775

136,473

117,104

116,998

116,695

116,218

102,286

101,823

88,472

88,657

85,464

84,858

82,332

82,155

80,363

68,334

65,268

62,432

60,777

Notes receivable - common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,273

6,124

-5,242

3,707

Treasury stock - 0 and 13,833 shares, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

11

-11

11

Accumulated deficit

-140,381

-137,609

-134,000

-131,067

-128,531

-124,639

-133,923

-129,469

-125,192

-120,550

-114,819

-110,877

-106,431

-102,674

-99,260

-95,804

-92,428

-89,788

-85,679

-85,688

-83,529

-80,932

-77,844

-75,020

-71,936

-69,053

-63,222

-59,749

-57,019

-55,343

Accumulated other comprehensive loss

-1,587

-1,587

-1,584

-1,584

-1,583

-1,584

-1,584

-1,586

-1,584

-1,585

-1,584

-1,589

-1,591

-1,589

-1,587

-1,592

-1,595

-1,599

-1,598

-1,597

-1,595

-1,594

-1,584

-1,585

-1,584

-1,584

-1,586

-1,584

-1,595

-1,572

Total EnSync, Inc. equity

5,330

5,086

8,352

11,091

13,522

16,858

4,886

8,839

12,266

16,635

21,986

25,493

29,630

13,941

17,249

20,398

23,293

11,863

15,506

2,072

4,418

3,822

6,301

6,502

9,409

10,454

3,946

4,290

4,140

4,156

Noncontrolling interest

614

696

731

882

957

1,049

1,130

1,259

1,319

1,401

1,510

1,630

1,710

1,734

1,778

1,909

2,052

1,646

2,000

2,055

2,186

2,304

2,432

2,550

2,736

2,872

1,414

1,508

-

0

Total equity

5,944

5,782

9,083

11,973

14,480

17,907

6,016

10,098

13,585

18,037

23,496

27,123

31,341

15,675

19,028

22,307

25,345

13,509

17,506

4,127

6,604

6,126

8,733

9,053

12,146

13,326

5,361

5,799

-

4,156

Total liabilities and equity

10,181

10,280

13,866

17,717

18,771

21,814

22,640

27,077

31,111

34,271

40,524

44,794

49,574

20,737

24,685

27,744

31,190

20,053

23,479

10,871

14,322

13,123

16,047

16,999

20,379

22,103

13,595

14,659

13,182

12,347