Joint corp (JYNT)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Dec'13
ASSETS
Current assets:
Cash and cash equivalents

10,712

8,455

7,826

9,485

8,086

8,716

5,611

4,583

4,033

4,216

2,628

3,046

2,676

3,009

3,386

6,118

10,367

16,792

9,522

12,579

17,082

20,796

3,516

Restricted cash

256

185

169

129

111

138

185

124

134

103

157

280

312

334

476

565

457

385

188

281

338

224

58

Accounts receivable, net

1,835

2,645

1,339

1,033

1,078

806

1,204

1,166

1,047

1,138

1,277

1,135

1,189

1,021

1,862

1,807

1,645

743

605

458

775

704

394

Income taxes receivable

-

-

-

-

0

0

-

-

-

-

3

3

3

42

38

38

38

70

449

292

395

395

-

Notes receivable, net

89

128

164

163

153

149

145

180

176

171

128

53

30

40

47

46

48

60

61

17

24

27

25

Deferred franchise and regional development costs - current portion

789

765

738

710

644

611

573

539

522

498

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred franchise costs - current portion

-

-

-

-

-

-

-

-

-

-

617

516

686

748

709

578

630

605

548

597

579

622

939

Deferred tax asset - current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

208

208

-

701

Prepaid expenses and other current assets

1,140

1,122

1,055

887

830

882

702

632

733

542

604

557

893

499

891

359

445

366

151

97

80

375

23

Total current assets

14,824

13,303

11,293

12,409

10,904

11,303

8,423

7,227

6,647

6,671

5,417

5,593

5,792

5,696

7,413

9,515

13,633

19,025

11,588

14,535

19,486

23,148

5,660

Property and equipment, net

8,059

6,581

5,698

4,963

4,211

3,658

3,269

3,658

3,719

3,800

3,849

4,071

4,360

4,724

7,526

8,171

7,968

7,138

3,602

2,691

1,587

1,134

400

Operating lease right-of-use asset

12,430

12,486

13,149

10,030

9,977

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable net - net of current portion

-

-

2

41

89

128

167

259

306

351

295

148

-

0

3

18

10

15

26

27

27

31

59

Deferred franchise and regional development costs, net of current portion

3,692

3,627

3,618

3,485

3,034

2,878

2,668

2,483

2,422

2,312

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable - related party, net of allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

Deferred franchise costs, net of current portion

-

-

-

-

-

-

-

-

-

-

811

887

738

836

1,074

1,252

1,342

1,534

1,799

1,894

2,432

2,574

2,283

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

208

-

Deferred tax asset - noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,265

Intangible assets, net

2,863

3,219

3,566

1,975

2,167

1,634

1,765

1,645

1,636

1,760

1,888

2,017

2,164

2,338

2,572

2,727

2,607

2,542

2,317

2,021

1,084

153

-

Goodwill

4,150

4,150

4,123

3,225

3,225

3,225

2,916

2,916

2,916

2,916

2,750

2,750

2,750

2,750

2,805

2,945

2,466

2,466

2,948

2,747

1,821

636

-

Deposits and other assets

393

336

326

337

330

599

593

596

594

623

634

657

667

707

729

626

642

638

203

118

86

585

77

Total assets

46,414

43,705

41,778

36,469

33,939

23,428

19,803

18,787

18,243

18,436

15,648

16,126

16,473

17,054

22,125

25,256

28,671

33,362

22,485

24,036

26,526

28,472

9,768

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

1,946

1,525

1,682

1,199

1,216

1,253

911

723

935

1,068

718

971

1,089

1,054

820

1,135

1,564

1,996

-

-

-

1,178

-

Accrued expenses

436

216

320

178

152

266

103

120

197

86

131

267

161

299

255

107

288

375

-

-

-

92

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,436

1,452

1,575

-

226

Co-op funds liability

256

185

169

129

111

104

145

107

134

89

98

82

95

73

105

104

104

201

159

281

298

186

54

Payroll liabilities

1,117

2,844

1,960

1,602

884

2,035

1,288

971

846

867

533

609

397

750

414

538

663

1,493

1,397

874

627

617

128

Notes payable - current portion

-

-

1,000

1,000

1,000

1,100

100

100

100

100

100

100

168

331

331

550

461

451

466

479

115

0

-

Advertising fund deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

419

Deferred rent - current portion

-

-

-

-

-

136

143

164

173

152

147

146

148

215

239

277

279

334

101

98

98

93

-

Operating lease liability - current portion

2,497

2,313

2,195

1,827

1,831

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liability - current portion

46

24

23

23

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred franchise and regional developer fee revenue - current portion

2,817

2,740

2,750

2,697

2,521

2,370

2,165

2,039

1,986

1,994

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue from company clinics

3,288

3,196

2,818

2,677

2,527

2,529

1,002

937

905

867

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue - current portion

-

-

-

-

-

-

-

-

-

-

2,325

2,360

2,866

3,077

3,118

2,599

2,714

2,579

2,275

2,080

2,008

1,957

2,756

Other current liabilities

481

518

446

540

598

477

327

403

388

152

54

52

54

60

61

68

96

54

48

48

41

50

-

Total current liabilities

12,886

13,566

13,368

11,876

10,863

10,273

6,188

5,567

5,668

5,379

4,109

4,590

4,980

5,863

5,346

5,381

6,171

7,487

5,884

5,315

4,764

4,177

3,589

Notes payable, net of current portion

-

-

-

-

-

-

1,000

1,000

1,000

1,000

1,000

1,000

1,000

0

0

0

0

130

167

140

140

0

-

Deferred rent, net of current portion

-

-

-

-

-

721

724

731

750

802

840

875

907

1,400

1,465

1,391

1,140

457

488

410

432

451

-

Operating lease liability - net of current portion

11,856

11,901

11,798

9,049

9,031

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease liability - net of current portion

156

34

40

46

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt under the Credit Agreement

2,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred franchise and regional developer fee revenue, net of current portion

12,508

12,366

12,654

12,652

11,811

11,239

10,148

9,657

9,602

9,552

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

55

89

-

-

-

76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, net of current portion

-

-

-

-

-

-

-

-

-

-

4,233

3,876

2,695

2,231

2,767

3,499

3,799

4,369

4,820

5,734

7,037

7,915

7,252

Deferred tax liability

-

-

86

83

79

-

0

60

57

136

187

176

156

120

-

-

-

0

-

-

-

-

-

Other liabilities

27

27

27

27

27

389

407

424

106

411

583

1,030

1,242

512

285

269

206

238

266

277

296

299

147

Total liabilities

39,491

37,985

37,974

33,736

31,867

22,700

18,468

17,442

17,184

17,282

10,954

11,548

10,983

10,129

9,864

10,541

11,319

12,683

11,628

11,878

12,670

12,844

10,989

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Series A preferred stock, $0.001 par value; 50,000 shares authorized, 0 issued and outstanding, as of March 31, 2020 and December 31, 2019

0

0

-

-

-

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

-

0

0

Common stock, $0.001 par value; 20,000,000 shares authorized, 13,949,772 shares issued and 13,933,759 shares outstanding as of March 31, 2020 and 13,898,694 shares issued and 13,882,932 outstanding as of December 31, 2019

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

13

10

10

10

10

5

Additional paid-in capital

39,846

39,454

39,253

38,779

38,581

38,189

37,997

37,851

37,460

37,229

36,811

36,709

36,609

36,398

36,345

36,089

35,465

35,267

22,066

21,710

21,553

21,420

1,546

Treasury stock 16,013 shares as of March 31, 2020 and 15,762 shares as of December 31, 2019, at cost

114

111

111

90

90

90

90

86

86

86

86

503

503

503

875

791

791

791

791

791

791

791

791

Accumulated deficit

-32,822

-33,637

-35,352

-35,969

-36,431

-37,384

-36,585

-36,433

-36,329

-36,003

-32,045

-31,641

-30,630

-28,983

-23,222

-20,596

-17,334

-13,809

-10,428

-8,771

-6,915

-5,012

-1,980

Total The Joint Corp. stockholders' equity

6,922

5,720

3,803

2,732

2,072

727

1,334

1,345

1,058

1,153

4,693

4,577

5,489

6,925

12,260

14,714

17,352

20,679

10,857

12,157

13,855

15,627

-1,220

Non-controlling Interest

0

0

0

0

-0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

6,922

5,720

3,803

2,732

2,072

727

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' equity

46,414

43,705

41,778

36,469

33,939

23,427

19,803

18,787

18,243

18,436

15,648

16,126

16,473

17,054

22,125

25,256

28,671

33,362

22,485

24,036

26,526

28,472

9,768