Nxt-id, inc. (NXTD)
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'12
Assets
Current Assets
Cash

1,438

1,587

1,350

1,303

1,227

425

780

1,313

4,402

5,676

514

1,271

2,453

3,299

1,583

977

121

418

147

153

324

2,201

4,817

-

-

303

-

-

-

-

Restricted cash

150

150

150

190

1,473

1,189

1,242

513

184

40

40

40

40

40

40

39

424

1,534

30

14

28

28

5

4

-

0

-

-

-

-

Accounts receivable, net

35

38

44

86

103

247

339

1,671

1,638

382

2,513

2,397

2,009

1,218

869

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

151

-

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

588

338

-

26

156

3

135

Inventory, net

949

1,303

1,504

1,215

1,224

870

1,349

2,838

2,996

706

4,878

5,257

5,220

5,341

4,747

2,215

1,945

1,767

1,446

1,119

566

359

32

29

29

6

4

2

-

0

Prepaid expenses and other current assets

382

285

341

448

574

443

694

1,472

1,541

805

2,144

1,588

2,131

1,347

1,215

668

647

986

812

647

808

918

-

-

-

3

-

-

-

0

Total current assets associated with discontinued operations

-

-

-

384

209

222

3,788

-

-

4,428

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

173

95

3

-

-

-

-

-

Total Current Assets

2,957

3,364

3,390

3,628

4,812

3,397

8,196

7,810

10,764

12,000

10,091

10,555

11,855

11,247

8,455

3,900

3,140

4,708

2,587

1,933

1,727

3,507

5,030

716

370

313

30

159

3

135

Property and equipment:
Equipment

183

183

183

183

183

183

193

218

218

193

-

-

-

175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furniture and fixtures

98

98

98

89

89

89

89

101

98

79

-

-

-

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tooling and molds

644

644

644

643

630

630

630

630

630

630

-

-

-

581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, gross

926

926

926

915

902

902

913

950

947

902

-

-

-

836

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment

-

-

-

-

-

-

-

-

-

-

204

-189

-176

-

-

-

-

105

-

-

-

-

-

-

-

-

-

-

-

-

Furniture and fixtures

-

-

-

-

-

-

-

-

-

-

98

-98

-79

-

-

-

-

72

-

-

-

-

-

-

-

-

-

-

-

-

Tooling and molds

-

-

-

-

-

-

-

-

-

-

581

-581

-581

-

-

-

-

390

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, gross

-

-

-

-

-

-

-

-

-

-

885

-869

-837

-

-

-

-

569

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated depreciation

848

831

813

793

775

757

703

691

658

616

574

548

500

456

-

-

-

196

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

78

95

113

121

127

145

209

258

288

286

310

321

337

379

448

291

328

373

378

343

316

156

36

23

9

7

2

1

1

1

Right-of-use assets

85

108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets associated with discontinued operations

-

-

-

12,053

12,206

12,270

12,420

-

-

12,952

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets

-

-

161

197

233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

15,479

15,479

15,479

15,479

15,479

15,479

15,479

24,599

24,599

15,479

23,433

23,433

15,479

15,479

16,033

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets, net of amortization of $2,792,135 and $2,604,290, respectively

5,812

6,000

6,192

6,384

6,574

6,762

6,954

10,579

10,927

7,523

12,694

13,073

8,097

8,285

8,177

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

100

-

-

900

-

-

-

98

-

-

-

-

-

-

-

-

-

-

Total Assets

24,412

25,048

25,337

37,865

39,433

38,055

43,260

43,247

46,580

48,242

46,530

47,384

35,869

35,392

33,115

5,092

3,468

5,081

2,966

2,376

2,044

3,663

5,067

740

380

321

33

161

5

137

Liabilities, Series C Preferred Stock and Stockholders’ Equity
Current Liabilities
Accounts payable

1,715

2,118

2,134

1,569

2,089

1,259

1,556

1,061

1,775

903

2,301

2,599

2,290

2,070

2,149

1,061

1,384

1,333

878

645

375

535

296

92

81

244

200

168

124

0

Accrued expenses

1,181

1,492

1,567

1,514

1,763

1,701

1,466

1,236

1,676

2,448

3,139

3,433

2,436

2,901

2,033

719

427

641

722

560

344

254

20

53

25

135

115

155

-

69

Customer deposits

-

-

-

-

-

-

-

2,000

2,454

-

3,676

4,004

5,833

6,068

2,679

1,249

5

8

13

18

131

138

117

80

-

0

-

-

-

-

Short-term debt

-

-

-

212

1,602

266

1,265

536

212

266

212

736

773

773

2,250

-

400

0

-

-

-

-

-

-

-

-

-

-

-

-

Term loan facility - current

2,062

2,062

-

-

-

998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan facility - current

-

-

2,062

2,062

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible notes payable, net of discount of $351,078 and $1,366,667, respectively, and net of deferred debt issuance costs of $0 and $123,563, respectively

-

-

-

-

-

-

-

-

-

-

1,743

823

412

9

0

410

573

1,796

690

293

-

0

0

0

0

123

-

-

-

75

Derivative liability - warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,531

-

-

-

0

Derivative liability conversion feature

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

420

-

-

-

0

0

0

0

118

-

-

-

0

Other current liabilities – contingent consideration

-

-

26

861

884

553

535

501

3,905

3,656

5,340

6,600

1,500

1,496

1,500

-

-

0

-

-

-

-

-

-

-

-

-

-

61

-

Liabilities associated with discontinued operations

-

-

-

366

315

365

2,217

-

-

3,408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from officer

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

25

-

Total Current Liabilities

4,960

5,673

5,790

6,587

6,656

5,144

7,041

5,335

10,025

10,682

16,413

18,199

13,247

13,321

10,611

3,441

2,790

4,200

2,305

1,518

851

928

434

226

107

2,152

315

328

211

144

Other long-term liabilities – contingent consideration

-

-

-

1,802

2,233

2,350

3,088

3,585

3,850

3,902

3,839

3,961

4,870

4,832

5,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

-

266

319

372

425

479

532

585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan facility, net of debt discount of $215,398 and $244,070, respectively, and deferred debt issuance costs of $1,114,248 and $1,262,565, respectively

9,250

9,739

-

-

-

13,278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

1,110

1,113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving loan facility, net of deferred debt issuance costs of $0 and $200,744, respectively

-

-

-

-

-

-

0

0

11,887

11,799

14,635

14,912

14,571

14,230

13,901

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Term loan facility, net of debt discount of $270,220 and $620,193, respectively, and deferred debt issuance costs of $1,397,840 and $1,102,280, respectively

-

-

10,093

12,138

13,092

-

13,127

13,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

1,125

1,145

99

-

-

-

-

-

638

638

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

365

365

365

365

83

167

251

335

2,267

2,174

283

190

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities associated with discontinued operations

-

-

-

16

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible notes payable, net of discount of $33,857

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

106

-

-

Conversion feature liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

43

-

-

Convertible notes payable and beneficial conversion feature

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

150

-

Total Liabilities

15,321

16,526

17,374

22,321

22,798

21,511

23,766

23,325

26,547

27,305

37,794

39,886

32,972

32,574

29,513

-

-

4,200

-

-

-

-

-

-

-

-

513

478

361

-

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

Series C Preferred Stock
Series C Preferred Stock, par value $0.0001 per share: 2,000 shares designated; 2,000 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

1,807

1,807

1,807

1,807

1,807

1,807

1,807

1,807

1,807

1,807

1,900

1,900

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ Equity
Preferred Stock, value

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

Common Stock, par value $0.0001 per share: 100,000,000 shares authorized; 30,328,141 and 30,048,854 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

3

3

2

2

2

2

2

2

2

2

1

1

0

0

0

6

5

0

2

2

2

2

2

2

2

2

2

2

2

2

Additional paid-in capital

68,647

68,515

68,460

68,403

66,138

64,748

64,482

63,647

62,760

62,052

47,454

41,263

35,306

33,204

31,512

29,364

27,990

22,787

18,529

15,182

12,067

11,562

11,339

4,493

-

-80

-

-

-

-

Additional paid-in capital (deficit)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,162

-

801

491

296

200

Accumulated deficit

-61,366

-61,804

-62,307

-54,670

-51,313

-50,014

-46,798

-45,536

-44,537

-42,924

-40,620

-36,589

-35,390

-34,659

-32,857

-29,970

-27,318

-21,906

-17,870

-14,327

-10,877

-8,830

-6,709

-3,982

-1,891

-1,753

-1,284

-810

-653

-208

Total Stockholders’ Equity

7,284

6,714

6,156

13,736

14,827

14,736

17,685

18,114

18,225

19,130

6,835

5,598

2,896

2,818

3,602

1,651

677

881

661

857

1,193

2,735

4,632

513

273

-1,831

-480

-316

-355

-6

Total Liabilities, Series C Preferred Stock and Stockholders’ Equity

24,412

25,048

25,337

37,865

39,433

38,055

43,260

43,247

46,580

48,242

46,530

47,384

35,869

35,392

33,115

5,092

3,468

5,081

2,966

2,376

2,044

3,663

5,067

740

380

321

33

161

5

137