Evolving systems inc (EVOL)
Balance Sheet / TTM
Mar'20Dec'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'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

2,606

3,076

4,251

5,310

5,562

6,732

8,522

9,293

8,674

7,562

7,577

5,514

7,512

7,614

6,941

5,912

3,664

8,400

9,410

10,254

11,038

9,781

10,977

12,376

12,406

13,785

13,719

13,372

11,460

8,844

12,391

10,035

13,775

34,290

29,589

16,269

10,801

Short-term restricted cash

-

-

-

-

-

-

-

-

-

-

-

1,557

-

-

-

-

-

-

-

-

-

-

24

24

24

-

-

-

50

53

52

52

52

50

-

-

-

Contract receivables, net of allowance for doubtful accounts of $732 and $710 at March 31, 2020 and December 31, 2019, respectively

5,104

6,732

5,963

8,469

7,676

7,757

7,689

9,335

11,018

10,151

10,752

7,592

4,693

5,867

5,904

6,973

8,678

7,727

9,935

6,460

5,232

9,182

5,774

6,190

5,877

6,420

5,490

5,601

5,345

4,803

4,989

5,161

3,114

4,540

2,975

2,979

5,502

Unbilled work-in-progress

1,817

1,105

2,696

2,575

3,027

3,044

3,880

4,709

5,540

5,823

6,333

5,047

4,767

3,376

3,725

3,650

5,038

4,158

3,370

4,775

6,147

4,995

5,832

4,461

3,190

2,423

2,190

2,094

3,600

4,802

-

-

-

1,361

-

-

-

Unbilled work-in-progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,727

2,890

1,760

-

2,000

1,452

1,519

Prepaid and other current assets

1,842

1,594

1,827

1,838

1,920

1,351

1,509

1,777

1,691

1,633

3,016

2,165

1,945

1,553

1,792

1,745

1,470

1,459

1,533

1,524

1,275

1,331

1,047

1,290

1,141

1,173

903

1,002

877

1,133

1,045

1,114

1,048

1,259

1,542

1,105

1,251

Income taxes receivable

1,439

953

1,577

1,357

1,179

1,137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

79

80

91

98

133

131

-

-

-

-

-

-

-

-

157

12,193

-

Interest receivable, long-term investments, related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

785

357

-

-

-

Current assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,738

7,374

Total current assets

12,808

13,460

16,314

19,549

19,364

20,021

21,600

25,114

26,923

25,169

27,678

21,875

18,917

18,410

18,362

18,280

18,850

21,744

24,248

23,108

23,771

25,369

23,745

24,439

22,771

23,932

22,302

22,069

21,332

19,635

22,204

19,252

20,534

41,857

36,263

35,736

26,447

Long-term investments, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,225

16,448

20,698

-

-

Property and equipment, net

429

482

443

489

375

303

187

215

236

258

335

248

504

546

359

400

476

560

595

640

626

659

513

462

392

342

285

255

193

211

245

280

354

369

443

530

625

Amortizable intangible assets, net

3,326

3,665

3,794

4,075

4,356

4,550

4,829

5,095

5,457

5,613

5,797

3,809

4,004

4,200

4,396

4,592

4,787

4,983

5,179

560

584

608

631

655

679

702

0

-

96

204

312

393

503

584

689

807

1,123

Operating leases - right of use assets

1,066

1,205

1,295

1,416

1,534

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

6,828

6,738

24,857

25,074

25,871

25,216

24,956

21,284

20,718

20,599

21,269

21,782

22,690

23,142

23,553

17,157

16,183

17,010

17,681

18,504

18,090

17,936

16,484

15,538

15,531

16,510

16,848

15,947

16,328

15,782

15,958

16,359

15,797

Deferred income taxes, net

630

1,000

-

-

-

1,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

-

-

-

-

-

-

-

2

52

53

50

Deferred income taxes, net

-

-

1,186

1,161

1,144

-

440

406

396

274

-

170

67

-

-

60

-

-

-

601

582

586

305

262

195

248

-

-

-

-

-

-

-

-

268

0

0

Long-term deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

-

-

-

-

-

-

Other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

2

4

6

-

-

-

-

-

1

2

Long-term assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,649

6,407

Total assets

18,259

19,812

23,032

26,690

33,601

32,752

51,913

55,904

58,883

56,530

58,766

47,386

44,210

43,755

44,386

45,114

46,803

50,429

53,575

42,066

41,746

44,232

42,875

44,322

42,127

43,184

39,072

37,864

37,156

36,593

39,609

35,872

54,944

75,042

74,371

60,135

50,451

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

4

5

5

5

5

5

5

5

5

7

8

4

4

4

4

4

4

9

8

15

22

13

Revolving Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loans - current portion, net

1,304

1,577

2,737

4,267

5,149

3,573

3,577

3,577

3,182

2,805

2,403

1,988

1,982

1,998

1,492

987

482

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

3,576

3,827

4,180

5,225

5,174

4,483

4,299

5,904

6,055

6,678

7,404

4,880

4,310

4,274

4,332

3,890

4,426

4,607

5,704

4,046

3,387

4,460

3,780

3,954

3,694

4,479

3,588

2,857

3,228

3,833

4,340

3,944

4,085

3,657

3,317

4,283

3,586

Lease obligations - operating leases

293

321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent earn-out

-

-

-

-

-

-

824

847

412

396

393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned revenue

3,701

3,971

4,451

5,642

4,366

3,911

4,720

6,327

-

5,397

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

415

485

1,377

899

1,016

784

661

617

579

382

268

324

466

552

532

1,227

910

807

497

459

475

400

545

308

315

359

815

848

2,976

-

-

Contingent earn-out obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

178

178

-

178

178

178

178

178

178

178

178

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

21

Unearned revenue

-

-

-

-

-

-

-

-

6,822

-

6,378

3,869

3,008

3,532

4,284

4,430

3,849

3,330

4,343

3,695

4,834

3,883

3,170

4,295

4,108

4,287

3,236

3,350

2,354

1,596

2,810

2,411

2,599

3,401

1,652

1,518

2,863

Current liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,708

7,620

Total current liabilities

8,874

9,696

11,368

15,134

14,689

11,967

13,835

17,140

17,848

16,175

17,594

11,521

9,961

10,421

10,690

11,170

10,506

18,266

10,518

8,298

8,758

9,575

7,865

9,061

8,306

9,233

7,303

7,524

7,044

5,741

8,035

6,718

8,066

30,185

8,512

12,102

14,635

Long-term liabilities:
Capital lease obligations, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

3

4

5

7

8

9

10

11

12

14

14

16

17

18

19

-

-

-

4

Term loans, net of current portion, net

-

122

516

-

-

2,365

3,393

4,156

5,050

5,942

7,008

3,000

3,500

4,000

4,500

5,000

5,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease obligations - operating leases, net of current portion

764

876

951

1,056

1,152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,299

1,298

-

-

-

-

-

-

-

-

-

-

913

913

-

566

-

558

22,271

552

548

532

Revolving Line of credit, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,065

-

-

-

-

-

-

-

224

160

39

-

673

387

415

145

-

-

51

Unearned revenue - Long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

270

420

710

721

871

1,027

-

-

-

-

-

-

-

-

-

-

-

Long-term liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

Total liabilities

9,638

10,694

12,835

16,190

15,841

14,332

17,228

21,296

22,898

22,117

24,602

14,521

13,461

14,421

15,190

16,170

16,006

18,267

21,764

8,600

9,211

10,180

8,761

9,969

9,365

10,449

7,539

7,698

7,097

5,757

8,725

7,123

8,500

30,330

8,512

12,102

14,694

Commitments and contingencies (Note 10)

-

-

-

-

-

-

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

0

0

0

0

Stockholders' equity:
Preferred stock, $0.001 par value; 2,000,000 shares authorized; no shares issued and 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

0

0

0

0

0

Common stock, $0.001 par value; 40,000,000 shares authorized; 12,342,723 shares issued and 12,163,834 shares outstanding as of March 31, 2020 and 12,342,723 shares issued and 12,163,834 shares outstanding as of December 31, 2019

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

12

11

11

11

11

11

11

11

11

11

Additional paid-in capital

99,613

99,555

99,487

99,417

99,354

99,224

99,107

99,010

98,883

98,517

98,259

98,033

97,832

97,744

97,681

97,617

97,517

97,418

96,307

96,272

96,199

96,005

95,288

94,619

94,123

93,895

92,893

92,467

92,068

91,957

90,706

90,553

90,329

90,062

90,582

88,560

87,435

Treasury stock, 178,889 shares as of March 31, 2020 and December 31, 2019, at cost

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,253

1,169

849

-

Accumulated other comprehensive loss

-10,576

-10,053

-10,285

-10,129

-9,788

-10,115

-9,712

-9,143

-7,480

-8,202

-8,511

-8,825

-9,638

-9,992

-8,780

-8,027

-6,592

-5,999

-5,443

-4,468

-5,830

-4,534

-3,428

-2,122

-2,705

-3,016

-3,566

-4,733

-4,445

-3,297

-2,834

-4,148

-3,466

-4,247

-4,496

-2,968

-3,704

Unrealized losses on investments, related parties, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

-284

-

-

-

Accumulated deficit

-79,175

-79,143

-77,764

-77,547

-70,565

-69,448

-53,469

-54,018

-54,177

-54,661

-54,343

-55,102

-56,204

-57,177

-58,464

-59,405

-58,887

-58,016

-57,812

-57,097

-56,593

-56,178

-56,505

-56,903

-57,415

-56,903

-56,553

-56,327

-56,322

-56,582

-55,746

-56,414

-39,377

-39,577

-19,069

-36,721

-47,985

Total stockholders' equity

8,621

9,118

10,197

10,500

17,760

18,420

34,685

34,608

35,985

34,413

34,164

32,865

30,749

29,334

29,196

28,944

30,797

32,162

31,811

33,466

32,535

34,052

34,114

34,353

32,762

32,735

31,533

30,166

30,059

30,836

30,884

28,749

46,444

44,712

65,859

48,033

35,757

Total liabilities and stockholders' equity

18,259

19,812

23,032

26,690

33,601

32,752

51,913

55,904

58,883

56,530

58,766

47,386

44,210

43,755

44,386

45,114

46,803

50,429

53,575

42,066

41,746

44,232

42,875

44,322

42,127

43,184

39,072

37,864

37,156

36,593

39,609

35,872

54,944

75,042

74,371

60,135

50,451