National holdings corp (NHLD)
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
Cash

18,847

21,820

30,443

25,331

25,881

30,813

27,920

28,664

27,211

24,318

23,508

28,205

24,344

22,176

21,694

22,207

22,747

22,260

24,642

24,399

23,924

21,802

24,465

23,624

21,404

15,643

19,985

14,696

13,496

7,444

7,934

6,564

8,953

6,143

6,698

7,163

5,390

Restricted cash

962

962

960

1,159

1,158

1,354

1,353

1,352

1,383

1,382

1,381

1,380

354

354

354

353

373

218

218

218

217

217

92

92

92

92

92

-

-

-

-

-

-

-

-

-

-

Cash deposits with clearing organizations

653

643

436

336

336

336

336

336

836

1,041

1,041

1,040

1,040

1,030

1,030

1,030

1,030

1,005

1,005

1,005

1,005

1,005

1,005

1,035

1,137

1,387

1,107

1,107

1,107

1,107

1,107

1,107

1,107

1,157

1,157

1,157

1,159

Securities owned, at fair value

7,583

10,912

12,481

7,589

7,606

7,208

7,786

8,593

7,476

8,110

7,102

1,595

3,406

1,206

2,357

1,522

510

708

887

1,494

914

1,421

1,061

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables from broker-dealers and clearing organizations

4,638

1,990

3,490

3,252

3,451

2,751

3,967

3,181

2,709

3,243

2,850

2,786

2,813

2,858

3,357

3,610

3,552

2,742

3,078

4,158

3,632

3,407

4,985

5,259

4,332

2,799

4,296

3,617

3,572

2,590

3,650

2,910

3,521

2,411

2,714

3,536

3,518

Forgivable loans receivable

4,087

2,911

1,834

1,511

1,444

1,531

1,567

1,610

1,598

1,534

1,616

1,269

1,397

1,528

1,712

1,808

1,567

1,363

1,368

1,401

936

793

662

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables, net of allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,819

2,572

3,044

1,049

842

747

341

-

969

289

108

299

991

804

Total Current Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,602

25,494

-

22,454

22,539

13,843

14,359

13,419

16,030

11,952

12,742

15,277

12,634

Other receivables, net

8,761

7,881

5,672

6,234

5,140

5,595

4,265

5,277

6,033

4,859

5,180

4,748

6,120

3,868

5,430

3,852

4,509

4,531

3,709

4,476

4,277

3,735

3,998

1,199

491

706

811

366

531

461

641

446

312

294

-

472

415

Prepaid expenses

4,582

5,372

3,639

4,789

5,346

4,501

4,065

1,374

1,681

2,913

2,490

1,155

2,059

1,854

1,910

1,638

2,028

2,179

1,727

1,277

1,913

1,579

932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, Plant, And Equipment And Finance Lease Right-Of-Use Asset, After Accumulated Depreciation And Amortization

4,763

5,026

5,067

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

787

907

854

147

581

775

626

677

-

-

Advances to registered representatives - Current portion, net of allowance for uncollectible accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

727

647

-

490

215

372

249

418

447

531

719

649

1,026

Securities owned: marketable  at market value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

638

427

-

618

2,072

653

696

654

880

936

454

1,728

680

Securities owned, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,167

53

30

467

297

423

482

56

216

58

40

24

53

57

Prepaid expenes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

969

1,647

1,425

764

-

-

-

520

-

-

-

-

-

-

Advances to registered representatives - Long term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

233

-

-

Fixed assets, net

-

-

5,067

4,538

3,330

2,652

2,671

2,532

2,119

2,273

2,397

2,192

1,331

1,230

1,164

837

756

756

712

746

804

879

752

763

799

853

447

431

474

558

662

742

779

902

974

911

1,127

Secured demand note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

Intangible assets, net

10,921

10,567

5,441

5,734

6,028

4,502

4,730

4,997

5,225

5,162

4,843

5,119

5,317

5,718

5,704

6,778

6,958

7,138

7,331

7,540

7,755

7,398

7,595

8,941

9,462

9,982

-

0

155

311

466

621

776

932

1,087

1,242

1,708

Goodwill

7,903

8,142

5,153

5,153

5,153

5,153

5,153

5,217

5,217

5,217

5,217

6,226

6,226

6,531

6,531

6,531

6,531

6,531

6,531

6,531

6,531

6,531

6,531

4,464

4,464

4,464

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, net

4,542

-

4,560

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, net

-

3,305

-

4,166

4,294

4,105

4,192

4,350

4,007

4,102

6,420

8,566

8,244

8,690

8,958

11,801

11,629

11,873

11,662

11,305

11,551

11,753

11,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets

14,515

15,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

1,599

1,739

2,031

684

735

767

444

419

438

335

353

339

350

344

345

306

310

501

512

511

532

654

790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,051

1,051

501

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

669

668

671

493

180

155

338

461

283

315

299

274

876

996

Total Assets

94,356

96,501

81,207

70,476

69,902

71,268

68,449

67,902

65,933

64,489

64,398

64,620

63,001

57,387

60,546

62,273

62,500

61,805

63,382

65,061

63,991

61,174

64,793

50,001

48,486

42,170

29,511

23,431

23,854

15,511

16,589

15,511

18,212

15,430

16,361

19,279

17,380

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Accounts payable, accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,187

19,300

16,375

13,699

11,483

12,421

10,323

11,297

10,279

14,594

10,365

10,754

11,931

11,079

Derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,331

Payable to broker-dealers and clearing organizations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

13

-

13

13

34

119

148

157

123

139

157

169

Securities sold, but not yet purchased, at fair value

-

203

-

1

-

-

-

24

8

0

151

0

77

1

298

0

1

5

32

249

34

19

55

227

82

16

15

11

-

-

1

-

-

-

-

-

-

Accrued commissions and payroll payable

12,773

12,579

18,590

11,267

9,614

13,040

12,862

11,974

10,652

10,713

10,065

11,255

11,613

10,191

11,940

10,026

10,470

10,346

10,244

12,389

12,530

10,689

13,520

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

7,373

7,516

8,643

8,815

11,537

8,107

8,019

7,471

8,453

8,776

8,715

8,508

7,123

5,213

7,166

5,937

5,510

5,496

6,602

5,681

5,118

4,465

5,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred clearing and marketing credits

262

314

367

419

472

524

576

629

681

733

786

838

891

943

995

1,048

1,100

1,152

1,205

957

893

945

971

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

7,109

6,346

1,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

16,658

17,332

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrants issued (Note 19)

-

-

-

-

-

-

-

0

0

11,194

-

8,832

8,190

9,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrants issued

-

-

-

-

-

-

-

-

-

-

5,597

-

-

-

14,055

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,366

1,343

388

708

738

620

57

77

158

1,952

181

193

217

244

319

205

226

46

37

-

-

62

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities sold, but not yet purchased, at market

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

213

3

-

62

-

4

2

21

21

Convertible notes payable, net of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,800

6,800

7,000

-

-

5,753

-

5,358

Convertible notes payable, net of debt discount of $49,000 and $247,000, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,051

5,852

-

5,655

-

Notes payable - related Party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

Total Current Liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,395

16,404

-

11,507

12,647

18,160

18,217

17,489

20,802

16,344

16,748

17,764

16,100

Accrued expenses and other liabilities - Long term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

223

294

-

179

236

280

263

18,621

21,963

17,389

-

18,305

22,322

Total Liabilities, before subordinated borrowings and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,480

-

-

-

-

-

-

Subordinated borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

10

40

70

100

130

750

Accrued expenses and other liabilities - Long term portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,132

1,161

1,045

1,078

541

864

Total Liabilities

45,541

45,633

29,608

21,210

22,361

22,291

21,514

20,175

19,952

33,368

25,495

29,626

28,111

26,555

34,773

17,216

17,307

17,045

18,120

19,276

18,575

16,180

20,261

19,414

19,618

16,698

13,714

11,686

12,883

18,440

19,480

18,631

22,003

17,459

17,826

18,435

23,609

Stockholders’ Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized; none outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock $0.02 par value, authorized 75,000,000 shares at March 31, 2020 and September 30, 2019; 13,476,519 shares issued and outstanding at March 31, 2020 and 13,158,441 shares issued and outstanding at September 30, 2019

269

265

263

261

258

252

250

249

249

248

248

248

248

248

248

249

249

249

249

249

249

2,490

249

2,465

2,465

2,465

2,012

1,780

1,780

531

531

522

522

522

409

409

346

Additional paid-in-capital

91,523

91,120

90,354

89,662

89,072

87,729

86,510

85,273

84,339

67,213

66,955

66,665

66,536

66,353

66,353

80,321

80,295

80,233

80,282

80,307

80,090

77,764

79,837

77,013

76,674

76,517

67,982

64,466

64,496

46,184

46,184

46,128

46,128

46,124

45,066

45,058

43,132

Subscription receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,334

Accumulated deficit

-44,135

-42,372

-40,779

-41,556

-41,789

-39,004

-39,825

-37,795

-38,607

-36,355

-28,315

-31,934

-31,909

-35,784

-40,843

-35,528

-35,366

-35,737

-35,284

-34,786

-34,938

-35,275

-35,569

-48,906

-50,286

-53,525

-54,212

-54,522

-55,326

-55,821

-55,780

-55,952

-56,612

-54,851

-53,128

-50,797

-48,415

Total National Holdings Corporation Stockholders’ Equity

47,657

49,013

49,838

48,367

-

-

46,935

47,727

45,981

31,106

38,888

34,979

34,875

30,817

25,758

45,042

45,178

44,745

45,247

45,770

45,401

44,979

44,517

30,572

28,853

25,457

15,782

11,724

10,950

-2,950

-2,909

-3,146

-3,806

-2,049

-1,497

826

-6,271

Non-controlling interest

1,158

1,855

1,761

899

-

-

0

0

0

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

21

21

21

18

26

15

20

32

18

42

Total Stockholders’ Equity

48,815

50,868

51,599

49,266

47,541

48,977

46,935

47,727

45,981

31,121

38,903

34,994

34,890

30,832

25,773

45,057

45,193

44,760

45,262

45,785

45,416

44,994

44,532

30,587

28,868

25,472

15,797

11,745

10,971

-2,929

-2,891

-

-

-

-1,465

-

-

Total Liabilities and Stockholders’ Equity

94,356

96,501

81,207

70,476

69,902

71,268

68,449

67,902

65,933

64,489

64,398

64,620

63,001

57,387

60,546

62,273

62,500

61,805

63,382

65,061

63,991

61,174

64,793

50,001

48,486

42,170

29,511

23,431

23,854

15,511

16,589

15,511

18,212

15,430

16,361

19,279

17,380