Turtle beach corporation (HEAR)
Balance Sheet / Quarterly
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'11Sep'10
ASSETS
Current Assets:
Cash and cash equivalents

8,733

8,249

7,037

3,446

10,156

7,078

6,178

9,108

4,335

5,247

473

1,238

3,613

6,183

3,277

1,162

3,228

7,114

3,074

3,020

2,141

7,908

4,416

8,958

5,552

6,509

1,597

3,282

3,822

4,650

5,527

-

-

-

491

-

-

Accounts receivable, net

12,402

44,530

28,468

18,402

12,461

52,797

28,995

34,582

21,751

50,534

24,588

9,995

4,516

54,633

28,454

18,085

15,813

57,192

30,254

15,687

15,448

61,059

26,712

15,164

28,904

48,542

177

190

106

15

39

-

-

-

0

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,455

7,181

334

-

482

439

Inventories

39,291

45,711

67,032

50,420

44,480

49,472

73,348

28,043

15,816

27,518

45,869

20,916

22,285

21,698

45,493

27,898

25,838

26,146

49,736

37,320

36,201

38,400

46,557

37,497

41,584

49,643

723

464

399

430

443

459

460

407

273

103

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,930

-

-

-

2,214

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,053

11,622

8,343

-

13,918

10,536

9,745

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,131

-

95

121

140

39

62

82

105

19

64

56

20

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

260

260

260

260

1,210

1,482

1,482

1,482

1,329

1,329

2,925

2,925

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

5,172

4,057

5,500

5,418

4,785

4,469

5,194

5,190

3,536

3,467

4,956

4,712

3,937

4,121

6,002

5,698

4,906

4,191

4,466

4,447

4,106

3,818

5,866

5,168

-

3,561

-

-

-

-

-

-

-

-

-

-

-

Total Current Assets

65,598

102,547

108,037

77,686

71,882

113,816

113,715

76,923

45,438

86,766

75,886

36,861

34,351

86,635

83,486

53,103

50,045

94,903

93,793

73,578

67,721

117,597

98,798

78,652

92,841

113,394

2,594

4,059

4,470

5,136

6,073

6,996

7,747

761

830

642

460

Property and equipment, net

4,002

3,962

4,909

5,717

5,215

5,856

4,019

2,839

3,979

4,677

4,427

3,348

3,919

4,311

4,644

5,522

6,394

6,859

5,366

5,536

5,922

6,722

5,174

5,132

6,229

7,369

219

248

286

155

176

161

120

131

145

157

8

Deferred income taxes

9,316

7,439

-

-

-

-

-

127

382

362

126

586

688

543

481

505

-

0

0

1,128

1,128

1,128

6,101

6,101

-

827

-

-

-

-

-

-

-

-

-

-

-

Goodwill

8,515

8,515

9,096

5,940

-

-

-

-

-

-

-

-

-

0

0

0

31,152

31,152

80,974

80,974

80,974

80,974

80,974

80,974

80,868

0

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

449

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, long-term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,322

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

5,740

6,011

4,836

8,324

997

1,036

1,091

1,196

1,363

1,404

1,484

1,529

1,553

1,618

1,805

35,237

36,790

37,956

39,297

39,530

39,473

39,726

40,025

40,385

40,210

3,972

1,451

1,379

1,350

1,301

1,314

1,327

1,340

1,366

148

150

175

Other assets

2,563

2,877

3,719

4,158

3,831

1,212

698

1,095

1,144

1,042

1,146

1,310

1,363

1,693

1,418

1,505

1,715

1,590

2,141

989

920

821

650

520

119

1,745

-

-

-

-

-

-

-

-

-

-

-

Total Assets

95,734

131,351

130,597

101,825

81,925

121,920

119,523

82,180

52,306

94,251

83,069

43,634

41,874

94,800

91,834

95,872

126,096

172,460

221,571

201,735

196,138

246,968

231,722

211,764

227,038

127,307

4,265

5,687

6,106

6,593

7,565

8,485

9,208

2,259

1,123

950

644

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Revolving credit facility

301

15,655

26,561

10,802

0

37,385

3,523

0

2,642

38,467

24,793

5,176

0

35,905

26,299

7,192

533

32,453

20,617

14,833

15,538

36,863

28,663

19,256

34,490

39,736

-

-

-

-

-

-

-

-

-

-

-

Term loans

-

-

-

-

-

-

750

375

0

4,173

4,814

4,626

3,850

2,647

4,814

4,814

4,814

4,814

21,410

2,564

2,564

1,923

0

0

0

14,500

-

-

-

-

-

-

-

-

-

-

-

Subordinated notes - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,506

7,322

17,737

-

-

-

-

-

-

-

-

-

-

26

436

Accounts payable

11,503

22,511

37,490

22,116

13,073

17,724

49,014

29,976

9,758

13,459

29,996

12,070

8,429

11,927

38,186

18,966

12,535

17,680

32,884

21,436

20,112

35,546

28,650

10,528

28,833

44,136

862

580

327

182

173

177

357

200

164

68

147

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,341

-

183

145

104

155

139

97

65

13

14

178

27

Due to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,125

3,125

3,125

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

37

37

36

-

0

-

-

-

-

-

-

Other current liabilities

20,786

26,422

20,489

19,649

16,580

18,488

14,631

14,061

8,656

11,451

12,110

10,455

11,274

16,414

10,387

8,816

10,084

14,236

9,313

10,246

9,617

14,525

8,039

8,796

288

9,712

-

-

-

-

-

-

-

-

-

-

-

Deferred officer compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

280

224

-

-

Due to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

375

250

-

-

-

Total Current Liabilities

32,590

64,588

84,540

52,567

29,653

73,597

67,918

44,412

21,056

67,550

71,713

32,327

23,553

66,893

79,686

39,788

27,966

69,183

84,224

49,079

47,831

88,857

72,858

49,027

94,852

111,209

1,083

763

468

337

313

275

797

744

403

273

611

Income tax payable, long-term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,986

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation, long-term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

-

94

104

113

-

0

-

-

-

-

-

-

Deferred income taxes

140

153

187

187

187

187

-

-

-

-

-

-

-

-

0

0

4

4

5,053

648

648

648

14,325

14,325

14,325

850

-

-

-

-

-

-

-

-

-

-

-

Term loans, long-term portion, net of unamortized debt issuance costs of $667 and $759

-

-

-

-

-

-

11,083

11,391

8,434

6,789

7,238

8,306

9,374

10,442

8,633

9,711

11,076

12,174

0

4,487

5,128

5,769

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Series B redeemable preferred stock

-

-

-

-

-

-

0

0

19,297

18,921

18,547

18,181

17,827

17,480

17,134

16,797

16,468

16,145

15,826

15,514

15,212

14,916

14,621

14,253

13,983

13,713

-

-

-

-

-

-

-

-

-

-

-

Financial instrument obligation

-

-

-

-

-

7,848

10,967

11,176

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated notes - related party, net of unamortized discount of $609 and $1,075

-

-

-

-

-

-

14,784

19,092

21,630

20,836

20,051

19,289

18,566

17,881

17,213

16,573

15,962

15,365

13,323

11,951

-

0

0

0

0

10,342

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

3,021

3,223

4,264

4,663

4,677

2,792

2,313

2,311

2,311

2,312

2,239

2,239

2,750

2,800

2,778

2,832

2,884

2,937

2,165

5,571

5,582

5,592

2,041

2,051

-

1,986

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities

35,751

67,964

88,991

57,417

34,517

84,424

107,065

88,382

72,728

116,408

119,788

80,342

72,070

115,496

125,444

85,701

74,360

115,808

120,591

87,250

74,401

115,782

103,845

79,656

125,221

138,100

1,178

867

582

-

313

-

-

-

-

-

-

Commitments and Contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

-

0

-

-

0

0

-

0

0

-

-

0

Series A convertible preferred stock, $0.01 par value - 50,000,000 shares authorized; 48,689,555 shares issued and outstanding as of December 31, 2013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

24,345

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ Equity
Preferred stock, $0.001 par value, authorized 1,000,000 shares, none issued and outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.001 par value - 25,000,000 shares authorized; 14,506,140 and 14,488,152 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

15

14

15

14

14

14

14

14

12

12

49

49

49

49

49

49

49

43

42

42

42

42

42

42

38

13

6

6

6

6

6

6

6

21

3

19

15

Additional paid-in capital

177,745

176,776

176,295

175,644

176,113

169,421

168,920

165,111

148,305

148,082

147,802

147,432

147,001

146,615

145,877

144,860

143,803

136,693

134,350

131,844

129,555

128,084

126,739

124,758

85,678

-54,031

17,383

16,545

15,358

14,133

13,878

13,574

12,067

4,194

2,886

2,529

703

Accumulated deficit

-117,074

-113,519

-133,905

-130,781

-128,408

-131,463

-156,077

-171,009

-168,691

-170,048

-184,279

-183,787

-176,726

-166,800

-179,001

-134,202

-91,629

-79,618

-33,082

-17,202

-7,304

3,289

929

6,567

15,868

18,775

-14,303

-11,731

-9,840

-7,884

-6,632

-5,370

-3,662

-2,701

-2,170

-1,871

-685

Accumulated other comprehensive income (loss)

-703

116

-799

-469

-311

-476

-399

-318

-48

-203

-291

-402

-520

-560

-535

-536

-487

-466

-330

-199

-556

-229

167

741

233

105

-

-

-

-

-

-

-

-

-

-

-

Total Stockholders’ Equity

59,983

63,387

41,606

44,408

47,408

37,496

12,458

-6,202

-20,422

-22,157

-36,719

-36,708

-30,196

-20,696

-33,610

10,171

51,736

56,652

100,980

114,485

121,737

131,186

127,877

132,108

101,817

-35,138

3,087

4,820

5,524

6,255

7,252

8,210

8,410

1,514

720

676

32

Total Liabilities and Stockholders’ Equity

95,734

131,351

130,597

101,825

81,925

121,920

119,523

82,180

52,306

94,251

83,069

43,634

41,874

94,800

91,834

95,872

126,096

172,460

221,571

201,735

196,138

246,968

231,722

211,764

227,038

127,307

4,265

5,687

6,106

6,593

7,565

8,485

9,208

2,259

1,123

950

644