Ifresh inc (IFMK)
Balance Sheet / TTM
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Mar'16
ASSETS
Current assets:
Cash and cash equivalents

652

1,309

1,048

1,573

931

558

640

902

1,016

1,173

2,550

51

551

Accounts receivable, net

3,150

3,975

4,027

4,111

4,662

4,546

4,903

4,898

3,345

2,527

2,272

-

1,814

Inventories, net

9,255

8,815

10,411

12,322

10,919

11,856

10,905

11,519

11,322

11,084

9,796

-

8,200

Prepaid expenses and other current assets

3,880

3,509

3,721

3,121

2,218

1,998

1,925

2,439

1,874

1,159

1,404

-

473

Advances to related parties

-

-

-

-

-

-

-

9,552

16,665

15,712

-

-

0

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

50

-

Cash and investments held in trust account

-

-

-

-

-

-

-

-

-

-

-

40,802

-

Total current assets

16,939

17,610

19,208

21,129

18,731

18,960

18,375

29,313

34,225

31,656

16,024

40,903

11,040

Advances and receivables - related parties

4,832

4,609

5,220

6,570

6,719

9,052

10,019

-

-

-

12,044

-

5,368

Property and equipment, net

19,562

20,007

20,287

20,409

20,377

20,236

17,818

16,874

10,008

9,190

15,467

-

9,770

Intangible assets, net

933

1,000

1,033

1,066

1,100

1,133

1,166

1,200

1,233

1,266

1,300

-

1,433

Security deposits

1,264

1,230

1,236

1,234

1,233

1,264

1,247

1,232

1,089

972

1,091

-

925

Right of use assets-lease

59,839

64,881

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

213

115

-

0

0

313

389

350

377

86

-

0

Cash and investments held in trust account

-

-

-

-

-

-

-

-

-

-

-

0

-

Total assets

103,371

109,553

47,101

50,411

48,162

50,646

48,941

49,009

46,907

43,463

46,014

40,903

28,537

LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIENCY)
Current liabilities:
Accounts payable

11,337

11,540

14,177

14,826

13,545

14,407

15,561

16,470

14,101

12,758

12,364

-

10,545

Deferred revenue

1,378

1,116

802

600

587

378

326

139

201

207

206

-

145

Borrowings against lines of credit, current,net

20,113

20,960

21,285

21,668

22,040

22,368

17,044

1,191

1,167

-

1,144

-

-

Bank loans, current, net

-

-

-

-

-

-

-

-

-

1,088

-

-

30

Notes payable, current

78

95

98

105

113

125

135

143

241

265

262

-

208

Finance lease obligations, current

136

146

148

-

-

-

-

-

-

-

-

-

-

Capital lease obligations, current

-

-

-

151

150

123

55

60

48

58

56

-

48

Accrued expenses

1,204

1,392

1,393

1,914

1,941

1,376

873

875

802

812

730

22

1,026

Operating lease liabilities, current

5,796

5,767

-

-

-

-

-

-

-

-

-

-

-

Taxes payable

-

-

-

-

0

179

1,606

1,395

1,507

1,769

1,769

-

1,693

Other payables, current

3,105

3,454

2,926

1,636

1,385

1,074

1,172

605

481

525

4,829

-

654

Deferred underwriting compensation

-

-

-

-

-

-

-

-

-

-

-

600

-

Total current liabilities

43,151

44,472

40,832

40,903

39,764

40,034

36,776

20,881

18,552

17,486

21,363

622

14,352

Borrowings against lines of credit & term loan-non-current, net

-

-

-

-

-

-

-

16,126

15,745

13,561

12,779

-

3,561

Notes payable, non-current

65

108

130

155

181

205

231

269

380

406

379

-

424

Finance lease obligations, non-current

314

380

413

-

-

-

-

-

-

-

-

-

-

Capital lease obligations, non-current

-

-

-

452

475

362

70

83

82

81

77

-

40

Deferred rent

-

-

6,659

6,595

6,490

6,378

6,319

6,286

5,893

5,587

5,475

-

4,930

Other payables, non-current

87

97

97

91

82

77

78

67

67

49

34

-

37

Long term operating lease liabilities

60,757

65,852

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

79

Deferred underwriting compensation

-

-

-

-

-

-

-

-

-

-

-

0

-

Total liabilities

104,378

110,912

48,133

48,198

46,994

47,058

43,476

43,714

40,722

37,172

40,110

622

23,426

Commitments and contingencies

-

-

-

-

0

0

-

0

0

0

0

0

0

Common shares subject to possible redemption 3,000,000 shares (at conversion value of $10.00 for the 1,000,000 shares for the lead investor and $10.40 per share for others)

-

-

-

-

-

-

-

-

-

-

-

30,800

-

Shareholders' equity (deficiency)
Preferred shares, $.0001 par value, 1,000,000 shares authorized; none issued.

-

-

-

-

0

0

-

0

0

0

0

0

0

Common stock, $0.0001 par value; 100,000,000 shares authorized,18,371,498 and 16,737,685 shares issued and outstanding as of December 31, 2019 and March 31, 2019, respectively

1

1

1

1

1

1

1

1

1

1

1

0

1

Additional paid-in capital

21,285

17,974

14,933

14,019

11,173

9,428

9,428

8,602

9,211

9,342

9,075

12,277

9,445

Accumulated deficit

-22,293

-19,335

-15,967

-11,808

-10,006

-5,840

-3,964

-3,308

-3,027

-3,053

-3,172

-2,795

-4,334

Total shareholders' deficiency

-1,006

-1,359

-1,031

2,212

1,168

3,588

5,465

5,295

6,184

6,290

5,904

9,481

5,111

Total liabilities and shareholders' equity (deficiency)

103,371

109,553

47,101

50,411

48,162

50,646

48,941

49,009

46,907

43,463

46,014

40,903

28,537