Great elm capital group, inc. (GEC)
Balance Sheet / Yearly
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'11
ASSETS
Current assets:
Cash and cash equivalents

38,693

8,421

10,102

12,122

18,593

21,361

22,788

42,962

44,282

47,337

43,931

45,894

46,703

49,844

62,414

80,711

55,856

68,110

73,565

73,755

73,935

73,770

73,777

93,877

10,892

11,063

9,625

47,613

8,242

24,615

31,139

39,709

27,826

34,052

23,982

47,266

Restricted cash

837

963

753

708

716

702

621

578

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets sold, net (Note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

622

-

-

-

-

-

-

4

4

30

30

27

27

254

298

378

263

-

-

17,251

18,657

675

-

-

-

-

-

-

Management fees receivable - related party

-

-

-

-

-

-

-

-

692

612

553

549

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend receivable - related party

-

-

-

-

-

-

-

-

163

557

163

163

327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

8,522

8,164

8,442

8,832

7,511

6,550

5,813

-

-

-

-

-

1,154

1,280

-

-

-

-

-

-

-

-

-

-

-

-

-

88

-

-

-

-

-

26,313

36,612

-

Related party receivables

1,171

1,372

1,340

1,421

1,754

2,039

1,108

1,338

300

324

346

348

613

302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments, at fair value (cost $30,000)

5,507

15,301

16,127

17,110

-

-

-

18,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments, at fair value (cost $21,801 at March 31, 2019; and $30,000 at June 30, 2018)

-

-

-

-

11,805

9,287

12,594

-

18,133

19,352

20,532

20,886

22,381

22,951

-

-

-

-

3,707

11,713

21,724

31,742

38,078

40,068

40,077

40,038

39,532

10,793

20,522

32,669

38,836

43,860

33,843

28,523

32,306

33,947

Inventories

1,750

1,753

1,544

1,336

1,781

1,587

1,698

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid and other current assets

981

699

728

871

497

635

1,186

544

354

365

582

174

184

368

534

106

2,561

2,556

848

632

687

806

925

666

536

588

490

420

1,593

1,552

2,767

3,960

4,113

9,062

15,719

2,687

Current assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,678

-

-

35,414

Total current assets

57,461

36,673

39,036

42,400

42,657

42,161

45,808

63,594

64,546

68,547

66,107

68,014

71,362

75,071

71,698

80,821

58,421

70,696

78,150

86,127

96,373

106,572

113,078

134,989

51,768

51,689

49,647

76,165

49,014

59,511

72,742

87,529

86,460

97,950

108,619

119,314

Rent receivable (restricted)

-

-

-

-

-

-

-

-

46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party receivables, net of current

-

-

-

-

-

-

-

2,919

-

-

-

2,757

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted investments, at fair value (cost $8,199 at March 31, 2019)

-

-

-

-

4,440

6,152

6,483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Incentive fees receivable

-

-

-

-

-

-

-

-

3,491

5,257

3,647

-

1,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate assets, net

53,494

53,799

54,105

54,411

54,717

55,029

55,334

55,641

55,868

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

1,405

1,512

1,225

1,367

1,341

1,045

875

41

42

44

47

41

-

19

-

-

93

105

110

110

137

165

161

187

203

216

240

212

227

135

460

452

853

4,837

5,733

1,475

Equipment held for rental, net

8,965

8,724

9,017

9,140

8,790

8,738

8,591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Identifiable intangible assets, net

15,680

16,254

16,857

17,576

16,359

16,905

17,406

9,400

9,659

3,800

3,929

4,102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

50,433

50,433

50,433

50,397

45,440

45,336

46,222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

267

267

267

-

Right of use assets

5,775

5,819

6,138

6,239

5,537

5,640

5,590

1,521

-

-

-

1,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

8,624

10,146

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144

-

Right to use assets, net

-

-

-

-

-

-

-

-

1,564

1,606

1,647

-

2,330

2,443

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets sold, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,595

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,710

11,745

-

-

-

-

-

-

-

-

-

-

-

-

Initial direct license costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,341

1,426

1,511

-

1,687

1,771

1,854

2,061

-

-

-

-

-

-

-

-

-

-

-

-

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,256

21,831

31,814

-

1,123

4,548

7,305

9,423

4,578

7,110

10,302

15,630

Other assets

1,584

1,457

1,328

1,196

1,065

934

1,032

471

92

92

92

92

316

316

-

76

971

919

1,070

1,052

1,099

1,170

1,403

1,459

1,592

1,876

1,854

1,861

80

89

89

89

192

2,285

5,231

114

Noncurrent assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,084

-

-

11,284

Total assets

194,797

174,671

178,139

182,726

180,346

181,940

187,341

133,587

135,308

79,346

75,469

76,694

84,032

87,995

71,698

80,897

60,826

73,146

80,841

88,884

99,296

109,678

120,206

150,441

68,819

75,612

83,555

78,238

50,444

64,283

80,596

97,493

97,434

112,449

130,296

147,817

LIABILITIES, NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

8,505

7,156

5,638

5,158

5,713

5,945

5,794

32

221

180

193

52

410

738

3,688

2,936

5,011

1,598

2,045

678

2,667

2,183

2,337

1,181

1,020

724

3,354

2,317

2,693

5,967

7,988

6,088

3,390

5,474

4,315

2,271

Accrued expenses and other liabilities

5,446

4,181

4,309

3,951

3,953

3,807

4,522

2,535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party payables

-

-

1,012

1,940

961

995

1,073

-

-

-

-

-

-

1,118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fee share obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

-

-

-

-

12,850

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,005

5,005

5,005

-

5,005

5,005

5,005

5,005

-

-

-

-

-

-

-

-

-

23,513

26,024

-

Accrued liabilities

-

-

-

-

-

-

-

-

1,611

501

1,047

1,183

-

-

-

-

921

967

925

229

1,136

1,237

1,344

1,577

2,116

1,119

2,130

2,817

6,471

5,402

6,446

3,015

7,397

18,692

19,841

5,265

Accrued legal expense

-

-

-

-

-

-

-

-

317

169

406

-

-

-

-

-

-

-

-

77

4,299

5,657

3,649

4,054

3,882

4,018

2,802

3,686

-

-

-

3,958

-

-

-

12,000

Accrued legal expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,760

9,209

3,647

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

-

60

772

184

214

-

-

-

-

485

444

378

109

601

682

1,920

605

-

-

-

1,057

-

-

-

-

-

-

-

-

Current portion of lease liabilities

1,608

1,567

1,485

1,423

1,333

1,289

1,239

336

-

-

-

421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long term debt

10,170

8,370

9,071

2,159

2,118

2,038

2,038

1,999

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior note payable

-

-

-

-

-

-

-

-

1,960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of related party notes payable

1,494

1,946

1,494

2,066

1,326

1,326

1,326

-

76

76

76

250

250

317

28,147

33,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of equipment financing debt

1,530

1,417

1,664

1,371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

-

-

-

-

-

-

-

-

174

168

337

-

1,042

1,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

657

716

860

-

-

-

-

1,146

-

-

-

-

Liabilities related to discontinued operations

-

-

-

-

-

3,608

3,608

3,608

3,608

3,608

3,608

3,608

3,763

-

6,275

7,338

-

-

-

9,645

-

-

130

254

377

514

544

594

3,049

7,298

9,442

12,871

14,386

15,736

15,839

13,660

Current liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,095

-

-

48,376

Total current liabilities

28,753

24,637

24,673

18,068

15,404

19,008

19,600

8,510

8,027

5,474

5,851

5,728

5,465

3,329

38,110

44,060

14,182

17,223

12,500

10,738

13,708

14,764

14,385

25,526

8,052

7,091

9,690

10,471

12,213

18,667

23,876

27,078

58,268

63,415

66,019

81,572

Related party payables, net of current portion

-

-

-

-

-

-

160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities, net of current portion

4,460

4,536

4,935

5,110

4,477

4,620

4,556

1,304

-

-

-

1,640

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term debt, net of current portion

53,171

-

-

61,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term debt, net of current portion

-

53,549

53,911

-

61,586

61,588

61,572

55,632

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability, net of current portion

-

-

-

-

-

-

-

-

1,507

1,553

1,598

-

1,590

1,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior note payable, net of current portion

-

-

-

-

-

-

-

-

50,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated note payable

-

-

-

-

-

-

-

-

5,829

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnout liability

-

-

-

-

-

-

-

-

-

-

-

-

180

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party notes payable, net of current portion

26,818

27,148

27,934

28,302

25,788

26,229

26,528

3,224

3,224

3,224

3,224

2,924

10,324

10,574

-

-

33,410

32,225

31,026

29,874

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible notes (face value $30,000, including $14,050 held by related parties)

16,785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment financing debt, net of current portion

217

76

89

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable preferred stock of subsidiary

-

-

-

-

3,552

5,266

5,266

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities related to assets sold

-

-

-

-

-

-

-

-

-

-

-

-

-

3,763

-

16

-

-

-

24,768

-

-

-

-

-

-

138

259

378

512

659

827

2,780

6,209

9,108

12,515

Fee share obligation, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,182

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,808

22,059

23,311

-

24,813

26,064

27,316

28,566

-

-

-

-

-

-

-

-

-

5,365

7,740

-

Long-term note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,768

27,703

26,679

25,693

24,743

23,831

22,952

22,096

-

-

-

-

-

-

-

-

Other liabilities

364

535

588

513

332

331

837

331

296

-

-

-

-

-

-

-

20

24

203

-

224

228

401

403

650

930

1,478

1,485

1,340

633

719

959

1,005

925

1,360

1,415

Noncurrent liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,788

-

-

9,370

Total liabilities

130,568

110,481

112,130

113,732

111,139

117,042

118,519

69,001

69,013

10,251

10,673

10,478

17,559

19,522

38,110

44,076

68,420

71,531

67,040

65,380

67,513

68,759

68,781

87,370

33,445

31,852

34,258

34,311

13,931

19,812

25,254

28,864

66,841

75,914

84,227

104,872

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

Contingently redeemable non-controlling interest

3,615

3,754

3,832

3,912

3,691

3,690

3,642

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' equity
Preferred stock, $0.001 par value; 5,000,000 authorized and zero outstanding

-

-

-

-

-

-

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; 350,000,000 shares authorized and 26,172,046 shares issued and 25,439,137 outstanding at March 31, 2020; and 26,086,086 shares issued and 25,352,989 outstanding at June 30, 2019

25

25

25

25

25

25

25

25

25

25

23

23

23

23

9

9

9

9

112

9

112

112

112

111

110

109

108

100

92

90

89

89

86

85

85

85

Treasury stock, none and 11 shares at June 30, 2016 and June 30, 2015, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

191

139

93

60

41

76

884

794

702

645

575

-

-

-

-

-

-

-

-

Additional paid-in-capital

3,317,873

3,305,916

3,305,708

3,305,415

3,305,245

3,305,137

3,304,785

3,302,886

3,302,063

3,301,146

3,295,647

3,293,683

3,293,049

3,292,252

3,249,267

3,249,085

3,246,634

3,246,236

3,245,540

3,245,049

3,244,388

3,243,855

3,243,417

3,243,756

3,240,316

3,239,201

3,237,397

3,224,769

3,208,073

3,204,652

3,203,860

3,202,080

-

-

-

3,191,775

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,196,765

3,193,288

3,192,479

-

Accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182

148

200

234

5

8

26

24

21

-

-8

2

7

-794

-741

-784

-1,650

-1,766

-1,814

-1,592

Accumulated deficit

-3,260,921

-3,249,304

-3,247,463

-3,244,374

-3,243,580

-3,247,816

-3,243,470

-3,238,547

-3,236,039

-3,231,679

-3,230,510

-3,227,480

-3,226,175

-3,223,656

-3,215,688

-3,212,273

-3,254,376

-3,244,587

-3,231,912

-3,221,695

-3,212,662

-3,203,015

-3,192,054

-3,179,936

-3,204,279

-3,194,848

-3,187,555

-3,180,369

-3,171,659

-3,159,477

-3,147,866

-3,132,756

-3,164,608

-3,155,072

-3,144,681

-3,147,323

Total Great Elm Capital Group, Inc. stockholders' equity

56,977

56,637

58,270

61,066

61,690

57,346

61,340

64,364

66,049

69,492

65,160

66,226

66,897

68,619

33,588

36,821

-7,594

1,615

13,801

23,504

31,783

40,919

51,425

63,071

35,374

43,760

49,297

43,927

36,513

44,471

55,342

68,629

30,593

36,535

46,069

42,945

Non-controlling interests

3,637

3,799

3,907

4,016

3,826

3,862

3,840

222

246

-397

-364

-10

-424

-146

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

60,614

60,436

62,177

65,082

65,516

61,208

65,180

64,586

66,295

69,095

64,796

66,216

66,473

68,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities, non-controlling interest and stockholders' equity

194,797

174,671

178,139

182,726

180,346

181,940

187,341

133,587

135,308

79,346

75,469

76,694

84,032

87,995

71,698

80,897

60,826

73,146

80,841

88,884

99,296

109,678

120,206

150,441

68,819

75,612

83,555

78,238

50,444

64,283

80,596

97,493

97,434

112,449

130,296

147,817