OCUGEN, INC. HSGX Balance Sheet

Ocugen, inc. (HSGX)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14
Assets
Current assets
Cash and cash equivalents
3,193	7,444	15,301	2,786	7,376	1,628	5,192	8,772	15,507	7,081	10,798	10,562	16,374	31,908	37,994	15,926	22,897	30,915	37,723	45,222	53,181	58,527
Marketable securities
-	-	-	-	-	-	-	-	-	900	1,821	7,978	8,000	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
1,169	1,322	517	414	764	313	825	881	858	194	258	304	296	173	201	350	466	321	365	897	829	796
Asset held for sale
7,000	7,000	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
11,362	15,766	22,818	3,200	8,140	1,941	6,017	9,653	16,365	8,175	12,877	18,844	24,670	32,081	38,195	16,276	23,363	31,236	38,088	46,119	54,010	59,323
Property and equipment, net
248	222	213	-	135	245	4,352	5,173	4,448	2,723	2,814	3,146	3,503	3,860	4,263	4,665	4,815	5,213	5,513	5,428	5,422	4,878
Restricted cash
151	151	150	-	-	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
551	667	436	-	6,426	116	375	188	375	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible asset, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	200	200	200	510	-	-	510
Intangible asset, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	510	510	-
Noncurrent deferred tax assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,053	1,044	1,034	651
Restricted cash
-	-	-	-	137	-	137	137	137	137	137	137	137	137	137	137	137	137	137	137	604	137
Total assets
12,313	16,807	23,618	3,200	14,838	2,454	10,881	15,151	21,325	11,035	15,828	22,127	28,310	36,078	42,795	21,278	28,515	36,786	45,301	53,238	61,580	65,499
Liabilities and stockholders’ equity
Current liabilities
Accounts payable
1,548	1,895	5,791	538	1,100	3,277	1,690	2,207	1,362	776	827	1,618	1,887	1,588	1,665	1,769	1,713	2,024	2,001	2,337	3,293	4,886
Accounts payable due to Intrexon Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	360	135	269	260	229	-	-	-	-
Accrued expenses
1,383	2,270	1,301	253	99	1,402	1,973	1,672	1,738	2,705	1,518	1,394	995	2,097	-	-	-	1,444	2,449	2,093	1,896	1,676
Short-term debt, net
-	-	-	-	-	7,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative liabilities
-	-	-	-	-	1,741	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease obligation
176	172	151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
206	205	-	-	-	204	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing lease obligation
-	-	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term warrant liability
-	-	27,964	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred grant proceeds
-	-	183	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued lease liability - current portion
-	-	-	-	1,118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of deferred revenue
-	-	-	-	-	-	5,000	7,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of deferred revenue
-	-	-	-	-	-	-	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses due to Intrexon Corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,288	1,903	1,546	-	-	-	7
Current portion of deferred rent
-	-	-	-	-	-	42	40	37	35	60	86	110	136	133	131	128	126	225	223	224	219
Current portion of deferred lease incentive
-	-	-	-	-	-	238	238	238	111	185	259	333	407	-	-	-	407	-	-	-	-
Current portion of deferred lease incentive
-	-	-	-	-	-	-	-	-	-	-	-	-	-	407	407	407	-	379	-	-	407
Current portion of deferred lease incentive
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	407	514	-
Current portion of equipment loan
-	-	-	-	-	-	-	-	45	178	324	470	570	583	583	583	583	583	583	583	538	405
Deferred tax liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,053	1,044	1,034	-
Total current liabilities
3,314	4,543	35,412	791	2,317	14,109	8,943	11,657	8,420	3,805	2,914	3,827	3,895	5,171	7,209	6,721	5,975	6,359	6,690	6,687	7,499	7,600
Non-current liabilities
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,484	1,274	981	-	-	-	-	-
Accrued expenses due to Intrexon Corporation
-	-	-	1,125	1,125	-	3,040	3,040	3,040	3,040	3,040	3,040	3,040	3,040	2,802	-	-	-	-	-	-	-
Accrued lease liability - long-term
-	-	-	-	6,918	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	10,000	10,000	-	5,000	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue, net of current portion
-	-	-	-	-	-	-	-	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	-	334	317	299	280	289	298	308	315	349	384	418	451	381	413	445	379
Operating lease obligation, less current portion
117	163	223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing lease obligation, less current portion
-	-	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long term debt, net
1,580	1,072	1,058	-	-	1,016	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current liabilities
3	9	-	-	-	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-current liabilities
1,701	1,245	1,299	-	-	1,054	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred lease incentive, net of current portion
-	-	-	-	-	-	1,085	1,144	1,204	499	527	555	583	610	712	814	915	1,017	1,147	1,220	1,213	1,318
Equipment loan, long-term
-	-	-	-	-	-	-	-	-	-	-	-	45	178	324	470	615	761	907	1,053	1,199	1,345
Warrant liability
-	-	-	15	10	-	2,155	19,931	23,432	14,679	13,871	13,601	13,467	13,197	30,165	-	-	-	-	-	-	-
Noncurrent deferred tax liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	651
Total liabilities
5,016	5,789	36,712	11,931	20,370	15,163	20,557	38,589	41,395	22,303	20,641	21,321	21,338	22,511	38,759	8,389	7,923	8,588	9,125	9,373	10,356	11,293
Commitments and contingencies (Note 8)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders’ equity
Convertible preferred stock, $0.01 par value, 10,000,000 shares authorized, seven issued and outstanding at March 31, 2020 and December 31, 2019
0	0	-	-	-	0	0	0	0	-	0	0	0	0	0	-	-	0	0	0	0	-
Common stock, $0.01 par value, 200,000,000 authorized, 52,746,728 shares issued and 52,625,228 shares outstanding at March 31, 2020 and December 31, 2019
527	527	100	839	839	49	221	186	186	159	159	159	159	159	159	133	133	132	132	132	132	127
Treasury Stock, at cost, 121,500 shares at March 31, 2020 and December 31, 2019
47	47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
-	-	-	219,911	219,874	-	206,115	203,173	202,764	196,760	196,419	196,045	195,673	195,181	194,713	194,277	193,942	193,631	193,260	192,871	192,597	187,620
Accumulated other comprehensive income
-	-	-	-	-	0	-	-	-	-	-	-2	-6	-	-	-	-	-	-	-	-	-
Additional paid-in capital
62,241	62,018	50,668	-	-	18,477	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated deficit
-55,400	-51,479	-63,861	-229,481	-226,245	31,237	-216,012	-226,797	-223,020	-208,187	-201,391	-195,396	-188,854	-181,773	-190,836	-181,521	-173,483	-165,565	-157,216	-149,138	-141,505	-133,541
Total stockholders’ equity
7,297	11,018	-13,093	-8,731	-5,532	-12,709	-9,676	-23,438	-20,070	-11,268	-4,813	806	6,972	13,567	4,036	12,889	20,592	28,198	36,176	43,865	51,224	54,206
Total liabilities and stockholders’ equity
12,313	16,807	23,618	3,200	14,838	2,454	10,881	15,151	21,325	11,035	15,828	22,127	28,310	36,078	42,795	21,278	28,515	36,786	45,301	53,238	61,580	65,499
Convertible preferred stock, par value (in USD per share)
-	-	-	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible preferred stock, shares authorized (in shares)
-	-	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible preferred stock, shares issued (in shares)
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible preferred stock, shares outstanding (in shares)
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares authorized (in shares)
-	-	-	-	-	200,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (in USD per share)
-	-	-	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares issued (in shares)
-	-	-	-	-	4,960	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares outstanding (in shares)
-	-	-	-	-	4,960	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock, common, shares (in shares)
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-