Venus concept inc. (HAIR)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Dec'16
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

20,628

15,666

8,915

9,717

14,957

6,739

23,609

16,861

16,530

23,545

5,769

11,906

Restricted cash

83

83

-

-

-

19

-

-

-

-

-

-

Accounts receivable, net of allowance of $10,889 and $10,494 as of March 31, 2020, and December 31, 2019

55,020

58,977

3,663

4,364

6,699

42,663

6,441

6,157

4,478

3,864

3,222

2,481

Inventories

18,923

18,844

5,623

6,482

5,207

20,261

4,446

2,974

2,222

2,761

2,677

2,742

Deferred expenses

30

59

-

-

-

620

-

-

-

-

-

-

Prepaid expenses

2,552

2,523

-

-

-

1,148

-

-

-

-

-

-

Advances to suppliers

243

450

-

-

-

1,732

-

-

-

-

-

-

Other current assets

2,986

3,101

-

-

-

1,423

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

1,042

998

1,239

-

1,502

1,393

1,233

1,562

858

810

Total current assets

100,465

99,703

19,243

21,561

28,102

74,605

35,998

27,385

24,463

31,732

12,526

17,939

LONG-TERM ASSETS:
Long-term receivables

27,867

35,656

-

-

-

38,201

-

-

-

-

-

-

Deferred tax assets

409

622

-

-

-

297

-

-

-

-

-

-

Severance pay funds

658

710

-

-

-

791

-

-

-

-

-

-

Property and equipment, net

4,389

4,648

1,323

1,400

1,471

3,381

1,556

1,455

1,217

1,138

1,189

1,459

Intangible assets

21,470

22,338

-

-

-

5,252

-

-

-

-

-

-

Goodwill

-

27,450

-

-

-

2,603

-

-

-

-

-

-

Total long-term assets

54,793

91,424

-

-

-

50,525

-

-

-

-

-

-

Restricted cash

-

-

83

83

83

-

83

100

100

100

-

-

Other assets

-

-

100

131

166

-

100

100

100

-

2,323

100

TOTAL ASSETS

155,258

191,127

20,749

23,175

29,822

125,130

37,737

29,040

25,880

32,970

16,038

19,498

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Line of credit

8,212

7,789

-

-

-

5,655

-

-

-

-

-

-

Trade payables

9,208

9,401

-

-

-

8,625

-

-

-

-

-

-

Accounts payable

-

-

5,226

5,905

4,193

-

3,947

3,014

2,296

2,044

2,934

1,740

Accrued compensation

-

-

1,315

1,504

1,515

-

1,423

1,800

1,648

1,630

-

-

Other accrued liabilities

-

-

2,629

1,988

2,920

-

1,671

2,266

2,199

1,125

-

-

Accrued expenses and other current liabilities

15,220

21,120

-

-

-

10,880

-

-

-

-

2,997

2,438

Taxes payable

1,960

2,172

-

-

-

407

-

-

-

-

-

-

Unearned interest income

3,672

3,942

-

-

-

3,849

-

-

-

-

-

-

Warranty accrual

1,084

1,254

-

-

-

495

-

-

-

-

-

-

Deferred revenues

1,916

2,495

1,346

1,259

1,384

163

1,449

1,500

1,884

1,517

1,437

1,423

Related party convertible promissory notes (Note 8)

-

-

7,000

-

-

-

-

-

-

-

-

-

Subordinated promissory notes (Note 8)

-

-

4,500

-

-

-

-

-

-

-

-

-

Current portion of long-term debt, net of discount of $789 and $617 as of September 30, 2019 and December 31, 2018, respectively

-

-

5,878

-

-

-

-

-

-

-

-

-

Current portion of long-term debt, net of discount of $739 and $617 as of June 30, 2019 and December 31, 2018, respectively

-

-

-

3,928

1,974

-

-

-

7,801

7,730

7,659

7,449

Convertible promissory notes

-

-

-

-

-

-

-

-

-

-

5,018

-

Total current liabilities

41,272

48,173

27,894

14,584

11,986

30,074

8,490

8,580

15,828

14,046

20,045

13,050

LONG-TERM LIABILITIES:
Related party convertible promissory notes (Note 8)

-

-

-

5,000

5,000

-

-

-

-

-

-

-

Long-term debt, net of discount of $485 and $746 as of September 30, 2019 and December 31, 2018

-

-

14,158

15,887

17,655

-

-

-

-

-

-

-

Preferred stock warrant liabilities

-

-

-

-

-

-

-

-

-

-

2,311

693

Long-term debt

63,261

61,229

-

-

-

50,892

19,376

19,228

3,294

5,271

7,230

13,001

Accrued severance pay

848

827

-

-

-

835

-

-

-

-

-

-

Deferred tax liabilities

1,085

1,017

-

-

-

1,893

-

-

-

-

-

-

Unearned interest income

977

1,681

-

-

-

1,752

-

-

-

-

-

-

Warranty accrual

550

723

-

-

-

841

-

-

-

-

-

-

Other long-term liabilities

691

799

497

686

655

2,388

558

629

670

459

488

563

Total long-term liabilities

67,412

66,276

-

-

-

58,601

-

-

-

-

-

-

TOTAL LIABILITIES

108,684

114,449

42,549

36,157

35,296

88,675

28,424

28,437

19,792

19,776

30,074

27,307

Commitments and Contingencies (Note 8)

-

-

-

-

-

-

0

0

0

-

0

0

STOCKHOLDERS’ EQUITY (Note 1):
Convertible preferred stock, $0.0001 par value; 10,000,000 shares authorized, and no shares issued and outstanding as of September 30, 2019 and December 31, 2018

-

-

-

-

-

-

-

-

-

-

145,944

135,735

Series A convertible preferred stock, $0.0001 par value: 660,000 shares authorized, 660,000 shares and none issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

-

-

-

-

-

-

-

-

-

-

-

0

Common Stock, $0.0001 par value: 300,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 32,194,285 and 28,686,116 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

24

24

4

4

4

5

4

3

3

3

-

-

Additional paid-in capital (Note 2)

170,657

149,840

195,914

195,559

195,189

67,495

194,586

178,799

178,078

177,757

3,452

3,087

Accumulated other comprehensive income (loss)

-

-

43

-

-14

-

-46

-37

-75

-79

-8

14

Accumulated deficit

-125,876

-75,686

-217,761

-208,545

-200,653

-35,067

-185,231

-178,162

-171,918

-164,487

-163,424

-146,645

TOTAL STOCKHOLDERS’ EQUITY

44,805

74,178

-21,800

-12,982

-5,474

32,433

9,313

603

6,088

13,194

-159,980

-143,544

Non-controlling interests

1,769

2,500

-

-

-

4,022

-

-

-

-

-

-

Total equity

46,574

76,678

-

-

-

36,455

-

-

-

-

-

-

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

155,258

191,127

20,749

23,175

29,822

125,130

37,737

29,040

25,880

32,970

16,038

19,498