Establishment labs holdings inc. (ESTA)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Dec'17
Assets
Current assets:
Cash

93,596

37,655

42,559

31,870

43,135

52,639

65,577

11,642

10,864

Accounts receivable, net of allowance for doubtful accounts of $1,575 and $1,026

21,615

22,767

22,022

21,312

20,115

17,648

18,248

16,204

13,108

Inventory, net

25,512

28,660

26,387

26,540

23,752

24,845

15,365

13,223

13,173

Prepaid expenses and other current assets

7,173

6,757

6,968

4,455

4,714

4,303

5,597

4,273

2,237

Total current assets

147,896

95,839

97,936

84,177

91,716

99,435

104,787

45,342

39,382

Long-term assets:
Property and equipment, net of accumulated depreciation

16,235

16,418

16,650

16,708

13,202

12,913

12,892

13,241

13,500

Goodwill

465

465

465

465

465

465

465

465

465

Intangible assets, net of accumulated amortization

3,465

3,441

2,893

3,081

3,248

3,445

2,970

3,129

3,401

Restricted cash

-

-

-

-

-

-

75

75

75

Other non-current assets

362

368

312

370

325

315

283

1,071

272

Total assets

168,423

116,531

118,256

104,801

108,956

116,573

121,472

63,323

57,095

Liabilities and shareholders’ equity
Current liabilities:
Accounts payable

9,881

10,366

9,383

8,531

5,583

6,239

5,492

7,471

9,131

Accrued liabilities

10,555

10,677

9,866

8,718

6,846

6,125

5,861

4,900

2,326

Other liabilities, short term

2,024

2,199

1,097

4,137

4,129

4,083

3,498

1,333

1,228

Total current liabilities

22,460

23,242

20,346

21,386

16,558

16,447

14,851

18,772

57,435

Long-term liabilities:
Notes payable related party, including accrued interest

-

-

-

-

-

-

0

5,068

4,921

Note payable, Madryn, net of debt discount and issuance costs

48,529

48,142

47,770

24,053

23,190

-

0

0

19,167

Note payable, Madryn, net of debt discount and issuance costs

-

-

-

-

-

22,322

21,486

20,682

0

Madryn put option

5,001

3,072

-

-

-

4,768

-

-

0

Madryn put option

-

-

3,281

2,160

4,800

-

-

-

-

Other liabilities, long term

2,126

2,461

3,055

3,415

3,378

3,551

3,431

5,361

4,673

Total liabilities

78,116

76,917

74,452

51,014

47,926

47,088

44,485

60,952

62,108

Commitments and contingencies (Note 7)

-

-

-

-

-

-

0

0

-

Shareholders’ equity:
Common shares - zero par value, unlimited amount authorized; 23,735,013 and 21,057,040 shares issued at March 31, 2020 and December 31, 2019, respectively; 23,326,943 and 20,648,970 shares outstanding at March 31, 2020 and December 31, 2019, respectively

211,734

147,688

147,208

146,433

146,285

145,709

-

-

-

Additional paid-in-capital

22,799

21,214

19,998

18,640

16,837

15,156

12,891

30,354

27,986

Treasury shares, at cost, 408,070 shares held at March 31, 2020 and December 31, 2019

2,854

2,854

2,854

2,854

2,854

2,854

2,854

6,465

6,465

Accumulated deficit

-144,884

-127,125

-121,569

-108,794

-99,754

-88,975

-78,461

-79,767

-67,877

Accumulated other comprehensive income

3,512

691

1,021

362

516

449

799

599

76

Stockholders' Equity Attributable to Parent

90,307

39,614

43,804

53,787

61,030

69,485

76,987

2,371

-5,013

Total liabilities and shareholders’ equity

168,423

116,531

118,256

104,801

108,956

116,573

121,472

63,323

57,095

Put Option
Derivative liability, current

-

-

-

-

-

-

-

-

20,302

Call Option
Derivative liability, current

-

-

-

-

-

-

-

-

360

Ordinary Class A and B
Common stock, value, issued

-

-

-

-

-

-

-

-

13,427

Ordinary Class C, D, E, F, G, and G-1
Common stock, value, issued

-

-

-

-

-

-

-

-

27,840

Common Shares
Common stock, value, issued

-

-

-

-

-

-

-

-

0