Phunware, inc. (PHUN)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Nov'18Aug'18May'18Feb'18Dec'17Nov'17Aug'17May'17Feb'17Nov'16Aug'16
Assets
Current assets:
Cash

833

276

68

248

1,065

844

0

19

84

161

308

117

211

355

391

490

674

Accounts receivable, net of allowance for doubtful accounts of $3,153 and $3,179 at March 31, 2020 and December 31, 2019, respectively

913

1,671

3,241

3,546

2,738

3,606

-

-

-

-

6,206

-

-

-

-

-

-

Prepaid expenses and other current assets

475

368

637

740

1,036

272

-

-

-

-

385

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

18

43

32

2

-

16

20

44

68

32

-

Total current assets

2,221

2,315

3,946

4,534

4,839

4,722

18

62

116

164

6,899

134

231

400

460

523

674

Property and equipment, net

16

24

38

36

50

66

-

-

-

-

128

-

-

-

-

-

-

Goodwill

25,784

25,857

25,786

25,817

25,846

25,821

-

-

-

-

25,886

-

-

-

-

-

-

Intangible assets, net

212

253

-

-

-

521

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

315

378

448

-

-

-

-

-

901

-

-

-

-

-

-

Deferred tax asset – long term

241

241

64

-

-

64

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset – long term

-

-

-

64

64

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

91

86

0

0

-

5,500

-

-

-

-

-

-

-

-

-

-

-

Other assets

276

276

276

187

187

187

-

-

-

-

187

-

-

-

-

-

-

Cash and investments held in the Trust Account

-

-

-

-

-

-

19,705

19,488

36,931

71,601

-

71,215

70,834

70,423

70,515

70,442

66,300

Total assets

28,841

29,052

30,425

31,016

31,434

36,881

19,724

19,551

37,047

71,765

34,001

71,349

71,066

70,823

70,976

70,965

66,974

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable

10,670

10,159

9,563

9,083

8,600

9,890

778

775

472

538

3,548

124

87

81

55

24

-

Accrued expenses and other

-

-

-

-

-

3,028

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

2,904

2,629

-

-

-

-

1,044

-

-

-

-

-

-

Accrued expenses

4,404

4,035

3,978

3,357

2,968

-

-

0

31

10

8,796

12

20

21

17

25

33

Total current deferred revenue

3,132

3,360

3,168

2,101

-

-

-

-

-

-

-

-

-

-

-

-

-

PhunCoin deposits

1,202

1,202

1,202

1,181

-

0

-

-

-

-

-

-

-

-

-

-

-

Factored receivables payable

450

1,077

1,546

1,775

1,631

2,434

-

-

-

-

1,816

-

-

-

-

-

-

Current maturities of long-term debt, net

1,195

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term notes payable – related party

-

-

0

0

-

1,993

1,105

994

833

771

-

604

303

-

-

0

-

Unsecured promissory notes - Phunware

-

-

-

-

-

-

535

424

263

201

-

-

-

-

-

-

-

Advances - related party

-

-

-

-

-

-

179

70

-

-

-

-

-

-

-

-

-

Total current liabilities

21,053

19,833

19,457

17,497

16,103

19,974

2,599

2,265

1,599

1,521

15,204

741

411

102

72

50

33

Long-term debt

2,104

910

250

250

-

0

-

-

-

-

-

-

-

-

-

-

-

Long-term debt - related party

755

195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

241

241

-

-

-

64

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

64

64

64

-

-

-

-

-

387

-

-

-

-

-

-

Deferred revenue

3,200

3,764

4,167

5,048

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

4,447

5,622

-

-

-

-

7,165

-

-

-

-

-

-

Deferred rent

135

83

6

14

13

17

-

-

-

-

98

-

-

-

-

-

-

Investor deposits

-

-

-

-

-

-

-

-

-

-

3,243

-

-

-

-

-

-

Deferred underwriting fees

-

-

-

-

-

-

462

462

886

1,725

-

1,725

1,725

1,725

1,725

1,725

1,625

Total non-current liabilities

-

-

-

-

-

-

-

462

886

1,725

-

-

1,725

1,725

1,725

1,725

1,625

Total liabilities

27,488

25,026

23,944

22,873

20,627

25,677

3,062

2,728

2,486

3,246

26,097

2,466

2,136

1,827

1,797

1,775

1,658

Redeemable convertible preferred stock, $0.0001 par value (see Note 11)

-

-

0

0

-

5,377

11,661

11,823

29,560

63,519

-

63,883

63,929

-

-

64,190

-

Common stock subject to possible redemption: 6,274,073 and 6,293,168 shares on May 31, 2017 and November 30, 2016, respectively (at a redemption value of approximately $10.20)

-

-

-

-

-

-

-

-

-

-

-

-

-

63,995

64,178

-

60,316

Stockholders’ equity
Preferred shares, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding

-

-

-

-

-

-

-

0

0

0

-

-

0

0

0

0

0

Common stock, $0.0001 par value

4

4

4

4

4

3

0

0

0

0

3

0

0

0

0

0

0

Additional paid in capital

129,370

128,008

126,651

125,854

125,421

118,062

6,320

6,159

5,769

5,761

110,265

5,397

5,350

5,284

5,101

5,089

5,001

Accumulated other comprehensive loss

-454

-382

-454

-421

-391

-418

-

-

-

-

-347

-

-

-

-

-

-

Accumulated deficit

-127,567

-123,604

-119,720

-117,294

-114,227

-111,820

-1,320

-1,159

-770

-761

-102,017

-397

-350

-284

-101

-90

-1

Total stockholders’ equity

1,353

4,026

6,481

8,143

10,807

5,827

5,000

5,000

5,000

5,000

7,904

5,000

5,000

5,000

5,000

5,000

5,000

Total liabilities and stockholders’ equity

28,841

29,052

30,425

31,016

31,434

36,881

19,724

19,551

37,047

71,765

34,001

71,349

71,066

70,823

70,976

70,965

66,974