Lilis energy, inc. (LLEX)
Balance Sheet / Yearly
Dec'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'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

3,753

4,339

7,011

11,228

21,137

24,954

27,398

35,634

17,462

17,820

42,739

20,416

11,738

20,988

6,489

29

110

51

207

1,330

509

1,472

-

-

165

-

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

20,400

-

-

-

-

-

-

-

-

-

-

1,449

2,856

-

353

629

477

970

698

467

1,168

2,707

646

2,325

5,528

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

7

8

10

-

0

2

78

183

221

409

507

504

584

581

759

671

949

864

1,055

932

1,006

1,140

1,150

Accounts receivable, net of allowance of $448 and $25, respectively

18,146

23,565

20,834

19,288

20,546

17,758

17,961

14,671

7,426

4,599

4,002

5,917

2,247

1,111

1,067

986

952

924

912

862

831

705

614

375

467

482

790

626

934

1,217

1,025

1,296

2,227

1,748

3,710

857

Derivative instruments

427

2,388

793

0

2,551

532

1,775

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

370

500

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

372

387

-

13

101

198

54

134

180

179

195

351

472

80

13

96

9

167

75

60

120

27

Prepaid expenses and other current assets

4,438

2,707

2,824

2,419

1,851

2,259

867

428

584

654

1,764

1,520

767

696

-

-

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commodity price derivative receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

-

-

-

-

-

-

-

-

-

-

-

Total current assets

26,764

32,999

31,462

32,935

46,085

45,503

48,001

50,733

25,472

23,073

48,505

27,853

14,752

22,804

7,937

1,412

1,141

989

1,224

2,470

1,579

2,534

4,506

3,917

1,339

1,772

2,474

1,943

2,589

3,331

2,866

3,687

5,942

3,461

7,296

7,564

Property and equipment:
Unproved

-

-

-

-

-

167,324

168,359

165,751

-

47,546

39,946

27,176

24,461

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proved

-

-

-

-

-

308,691

251,928

206,191

-

115,294

43,961

27,280

69,809

-

-

-

50,096

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Evaluated properties

-

-

-

-

-

-

-

-

-

-

-

-

-

60,082

59,527

50,096

-

50,096

46,341

46,269

46,268

37,298

68,797

68,265

68,213

58,223

57,878

58,066

58,610

-

-

-

32,113

-

-

-

Unevaluated acreage, excluded from amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

20,832

20,625

-

-

0

2,885

2,885

2,885

12,931

18,957

18,957

18,663

28,258

27,958

27,958

28,067

-

-

-

45,697

-

-

-

Unevaluated properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,541

43,458

43,259

-

-

-

33,605

Evaluated properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,460

40,415

37,627

-

-

-

26,307

Undeveloped properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,329

49,122

-

Developed properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,053

29,697

-

Wells in progress, excluded from amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109

6,041

6,041

6,041

6,041

5,903

6,366

1,145

180

908

202

193

3,986

4,724

4,134

6,425

4,411

1,432

1,219

Total oil and natural gas properties

-

-

-

-

-

-

420,287

-

-

-

-

-

-

80,915

80,152

-

-

50,205

55,269

55,196

55,196

56,271

93,659

93,589

88,022

86,661

86,745

86,227

86,870

87,989

88,598

85,021

84,236

83,794

80,253

61,132

Less: accumulated depreciation, depletion, amortization and impairment

-

-

-

-

-

90,583

83,505

77,755

-

59,527

7,836

6,575

55,771

50,679

50,108

49,586

49,573

49,450

30,932

30,244

24,550

25,525

46,388

45,818

45,457

44,989

44,476

43,851

43,187

18,174

17,169

16,340

12,099

8,143

7,109

5,003

Oil and natural gas properties, full cost method of accounting, net

228,855

426,420

450,583

444,633

430,379

385,432

336,782

294,187

170,305

103,313

76,071

47,881

38,499

30,236

30,044

509

523

755

24,336

24,952

30,646

30,745

47,270

47,771

42,565

41,672

42,268

42,375

43,682

-

-

-

72,137

-

-

-

Other property and equipment, net

421

443

472

486

524

451

-

-

76

81

88

55

52

52

65

37

44

51

58

66

73

81

78

85

91

95

99

106

90

95

98

101

106

70

62

51

Total property and equipment, net

229,276

426,863

451,055

445,119

430,903

-

-

-

170,381

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69,814

71,428

68,680

-

75,650

73,143

56,129

Operating Lease, Right-of-Use Asset

1,722

10,635

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

540

364

91

343

343

325

216

-

-

-

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid advisory fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

304

418

241

574

675

776

979

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

247

274

301

60

15

160

100

294

443

620

797

974

1,026

1,082

1,711

2,341

2,971

3,731

3,211

Restricted cash, deposits and other

-

-

-

-

-

-

-

-

-

-

-

-

-

617

575

2,592

-

460

466

465

215

215

215

215

215

215

215

215

215

186

186

186

186

185

185

185

Total other assets

-

-

-

-

-

-

-

-

-

424

431

380

268

669

640

-

2,044

-

-

-

349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

837

4,184

2,568

7,612

3,785

124

-

-

-

-

-

-

-

-

-

2,630

-

759

800

833

-

-

454

400

601

753

935

1,119

1,280

1,612

1,785

2,240

3,208

3,903

4,756

4,427

Total other assets

-

-

-

-

-

575

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

312

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

258,599

474,681

485,085

485,666

480,773

431,510

385,323

345,284

195,944

126,810

125,007

76,114

53,519

53,710

38,622

4,552

3,708

2,504

26,361

28,255

32,574

33,592

52,230

52,089

44,506

44,198

45,678

45,438

47,553

74,759

76,080

74,609

81,287

83,015

85,196

68,121

LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Convertible notes - net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,165

1,424

-

6,846

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible notes - related parties, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

0

185

1,847

-

500

250

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan - Heartland, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,523

-

2,707

500

500

0

-

-

-

10,662

18,967

19,291

641

388

873

840

804

1,150

357

555

208

Revenue payable

-

-

-

-

-

-

-

-

-

-

-

-

-

1,747

1,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan - Independent Bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,379

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligations

-

-

-

-

-

-

-

742

-

194

273

331

338

158

155

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

115,000

-

-

-

0

-

-

7

-

14

16

17

17

-

-

-

11,067

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends accrued on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

536

206

900

-

540

360

180

180

121

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses for drilling activity

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

535

-

535

5,734

5,734

5,734

5,698

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

24,834

10,033

32,088

38,853

47,112

30,336

14,284

11,799

10,488

7,561

5,537

4,390

5,166

3,721

6,820

2,411

1,331

1,064

767

855

975

282

6,705

6,728

1,239

771

997

1,166

1,831

1,183

2,130

1,284

2,050

3,406

4,275

968

Commodity price derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

-

-

0

-

-

-

-

-

-

-

Related party payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

16

17

14

11

Accrued liabilities and other

13,972

28,461

15,611

25,037

14,794

26,901

14,088

28,454

7,634

13,958

9,150

7,005

2,706

2,744

2,759

3,247

3,496

3,206

2,158

1,593

1,248

3,055

1,929

1,376

2,133

1,684

1,857

1,396

1,411

2,183

1,947

1,668

1,354

1,629

1,521

1,540

Revenue payable

11,442

8,955

10,480

9,696

14,546

13,445

14,239

-

6,460

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

6,527

4,117

1,652

-

0

0

948

808

-

-

-

719

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible debentures, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,846

-

-

-

-

0

-

6,644

6,229

-

13,442

12,398

-

-

-

-

-

-

-

-

-

Derivative instruments

5,044

2,855

3,130

4,875

515

5,201

2,987

1,991

853

-

-

-

0

0

0

54

-

646

-

-

0

-

968

4,598

-

646

1,850

-

-

0

0

180

75

0

176

398

Short term loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,482

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

170,292

50,304

61,309

78,461

76,967

82,410

49,715

44,645

25,435

21,727

14,976

12,691

9,035

8,907

18,019

19,791

16,613

16,048

9,770

8,862

8,138

9,157

16,248

29,415

14,035

35,552

36,395

3,204

3,630

4,239

4,918

3,937

4,648

5,410

6,543

3,128

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

15

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

23,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable - SOS Ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

-

-

-

2,202

2,447

-

0

14,800

8,083

8,111

0

0

18,517

18,947

19,419

19,643

19,906

20,129

19,824

19,664

20,229

Asset Retirement Obligations, Noncurrent

3,423

2,709

2,693

2,650

2,433

1,228

1,099

691

726

938

910

938

919

851

837

211

209

206

203

203

200

196

1,149

1,125

1,104

1,028

1,009

996

911

893

685

624

612

601

589

507

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

717

279

74

-

363

716

499

393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

25,870

2,136

285

-

570

11,492

11,358

8,683

8,420

15,949

9,209

24,546

1,028

1,009

32,078

31,141

31,208

29,962

27,561

26,971

28,462

27,894

20,737

Long-term debt

0

105,000

123,000

105,000

157,804

166,259

158,548

151,068

127,794

65,710

62,302

36,137

30,226

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term derivative instruments and other non-current liabilities

3,762

3,293

1,547

-

4,699

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term deferred revenue and other long-term liabilities

73,749

79,333

-

-

52,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible debentures, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,846

6,846

6,840

6,683

0

0

14,724

-

0

10,863

10,587

9,595

8,033

5,929

4,929

4,502

4,118

0

Bristol warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Long-term derivative instruments and other

-

-

-

3,015

-

56,650

66,710

44,326

72,937

33,475

39,843

683

1,400

-

-

-

56

0

1,523

1,361

1,249

1,540

0

0

605

-

0

1,700

694

1,300

1,600

1,100

1,300

3,534

3,520

0

Long-term deferred revenue liabilities

-

-

42,375

42,375

-

52,515

34,650

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

251,226

240,639

230,924

231,501

294,416

359,062

310,722

240,730

226,892

121,850

118,031

50,449

41,580

34,778

20,156

20,462

16,878

16,619

21,263

20,221

16,822

17,577

32,197

38,625

38,581

36,581

37,405

35,283

34,771

35,447

34,881

31,498

31,619

33,872

34,438

23,865

Commitments and Contingencies - Note 21

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

Mezzanine equity:

-

-

-

-

-

97,506

97,506

97,506

0

0

0

1,915

1,874

1,816

1,950

-

1,173

-

-

-

1,686

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity (deficit):
Conditionally redeemable 6% preferred stock, $0.0001 par value: 7,000 shares authorized; 2,000 shares issued and outstanding with a liquidation preference of $2,150,000 as of March 31,2016

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,496

-

1,557

1,565

1,640

-

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred stock, $0.0001 par value; stated value of $1,000; 20,000 shares authorized; 16,828 shares issued and outstanding at December 31, 2016, with a liquidation preference of $20,627 at December 31, 2016

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,794

0

6,794

6,794

6,794

6,794

6,794

7,500

0

0

0

0

0

0

0

0

0

0

-

-

0

Series B Preferred stock subscribed 2,100 shares subscribed at June 30, 2016 and no shares subscribed at December 31, 2015.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,100

-

-

-

-

-

-

-

1,853

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock subject to redemption rights, $0.0001 par value; 0 and 10,625 shares issued and outstanding as of December 31, 2011 and December 31, 2010, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

86

Common stock, $0.0001 par value per share, 150,000,000 shares authorized 91,584,460 and 71,182,016 issued and outstanding as of December 31, 2019 and December 31, 2018, respectively

9

9

9

9

7

6

6

6

5

5

5

3

2

1

1

2

0

2

2

2

0

2

2

2

1

1

1

1

1

1

1

1

1

1

6

1

Additional paid-in capital

342,382

349,315

356,210

360,319

321,753

301,039

300,336

298,351

272,335

266,300

262,081

244,969

219,837

213,165

206,190

160,684

159,773

158,146

157,735

155,914

155,100

154,224

152,503

148,910

121,451

120,836

119,781

118,817

118,296

120,566

119,617

118,715

118,146

110,325

108,908

93,819

Treasury stock, 253,598 shares at cost

997

997

997

997

997

997

997

267

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-579,552

-352,802

-332,393

-330,123

-307,431

-325,106

-322,250

-291,042

-303,288

-261,345

-255,110

-232,205

-223,206

-212,656

-204,180

-184,501

-180,910

-180,615

-161,000

-156,316

-147,828

-147,005

-139,972

-135,448

-115,528

-113,221

-111,510

-108,663

-105,517

-81,256

-78,420

-75,607

-68,479

-61,184

-58,156

-49,650

Stockholders' Equity Attributable to Parent

-238,158

-4,475

22,829

29,208

13,332

-25,058

-22,905

7,048

-30,948

4,960

6,976

23,750

10,065

17,114

16,515

-17,019

-14,343

-15,672

3,532

6,394

14,066

14,015

20,033

13,464

5,924

7,029

8,273

10,155

12,781

-

-

-

49,668

-

-

-

Total shareholders' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,311

41,199

43,110

-

49,142

50,758

44,170

Total liabilities, mezzanine equity and stockholders’ equity (deficit)

258,599

474,681

485,085

485,666

480,773

431,510

385,323

345,284

195,944

126,810

125,007

76,114

53,519

53,710

38,622

4,552

3,708

2,504

26,361

28,255

32,574

33,592

52,230

52,089

44,506

44,198

45,678

43,438

47,553

74,759

76,080

74,609

81,287

83,015

85,196

68,121

Series C-1 Preferred Stock
Mezzanine equity:

80,446

77,582

74,476

72,021

106,774

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series C-2 Preferred Stock
Mezzanine equity:

18,857

18,186

17,508

16,894

25,522

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series D Preferred Stock
Mezzanine equity:

29,082

28,202

27,318

26,503

40,729

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series E Preferred Stock
Mezzanine equity:

66,285

64,988

63,731

62,486

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series F Preferred Stock
Mezzanine equity:

50,861

49,559

48,299

47,053

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-