Purple innovation, inc. (PRPL)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15
Assets
Current assets:
Cash and cash equivalents

26,378

33,478

31,293

20,255

12,182

12,232

7,665

10,431

26,843

3,593

374

188

230

237

645

775

893

1,048

1,129

27

Accounts receivable, net

23,270

28,692

26,687

24,845

19,689

10,241

8,484

-

-

4,182

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

-

-

-

-

-

-

-

7,238

3,911

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

42,112

47,628

34,818

25,057

25,341

22,940

28,680

33,241

26,579

13,345

-

-

-

-

-

-

-

-

-

-

Prepaid inventory

1,033

879

1,350

883

592

790

317

3,990

1,587

1,296

-

-

-

-

-

-

-

-

-

-

Other current assets

5,687

3,442

3,590

2,591

2,375

1,494

2,246

1,156

2,879

492

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

19

33

65

41

72

105

150

131

143

-

Total current assets

98,480

114,119

97,738

73,631

60,179

47,697

47,392

56,056

61,799

22,908

393

221

295

278

717

880

1,043

1,179

1,272

-

Property and equipment, net

36,092

31,979

25,816

24,485

22,718

22,514

21,719

19,536

16,127

13,464

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

2,813

1,101

1,679

1,574

1,538

1,493

1,408

1,352

-

1,267

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

1,319

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

525

525

284

46

5

5

5

5

5

22

-

-

-

-

-

-

-

-

-

-

Cash and investments held in Trust Account

-

-

-

-

-

-

-

-

-

-

121,749

155,781

155,722

155,543

155,480

155,396

155,393

155,293

155,250

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

146

Total assets

137,910

147,724

125,517

99,736

84,440

71,709

70,524

76,949

79,250

37,661

122,142

156,002

156,017

155,821

156,197

156,276

156,436

156,472

156,522

173

Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
Accounts payable

37,163

50,240

35,622

29,457

25,982

24,828

20,443

20,660

19,790

21,131

522

11

34

199

-

-

-

58

-

-

Accrued sales returns

6,737

7,271

5,294

6,001

5,189

5,457

5,507

5,630

4,606

4,825

-

-

-

-

-

-

-

-

-

-

Accrued compensation

7,153

7,954

5,521

4,760

3,154

2,691

2,153

2,304

1,747

2,097

-

-

-

-

-

-

-

-

-

-

Customer prepayments

3,538

6,258

7,692

5,074

-

7,522

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer prepayments

-

-

-

-

4,335

-

7,291

6,921

7,060

3,213

-

-

-

-

-

-

-

-

-

-

Accrued sales tax

4,351

5,602

4,075

4,464

4,438

5,538

5,655

5,848

7,311

8,466

-

-

-

-

-

-

-

-

-

-

Other current liabilities

9,258

9,540

9,442

6,148

3,726

2,541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

-

-

-

-

-

-

2,026

2,554

2,973

1,451

-

-

-

-

-

-

-

-

-

-

Current portion of long-term obligations

-

-

-

-

-

-

31

31

30

29

-

-

-

-

-

-

-

-

-

-

Related party loans

-

-

-

-

-

-

-

-

-

-

-

1,240

1,218

0

-

-

-

-

-

145

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

289

957

872

1,614

-

-

-

44

-

-

Accrued taxes

-

-

-

-

-

-

-

-

-

-

204

108

150

62

-

-

-

97

-

-

Total current liabilities

68,200

86,865

67,646

55,904

46,824

48,577

43,106

43,948

43,517

41,212

1,015

2,316

2,274

1,875

-

-

-

199

-

-

Long-term debt

-

-

-

-

-

-

-

-

-

8,000

-

-

-

-

-

-

-

-

-

-

Long-term debt, related-party

36,774

35,399

34,525

33,653

32,821

21,411

20,695

20,019

19,081

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities, net of current portion

-

-

-

-

-

3,732

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liabilities

-7,989

-21,622

-8,236

-6,852

-3,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities, net of current portion

9,833

8,570

7,127

6,690

4,287

-

3,493

3,004

2,646

2,368

-

-

-

-

-

-

-

-

-

-

Current liabilities - Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

97

201

-

95

3

Deferred underwriting commission

-

-

-

-

-

-

-

-

-

-

4,000

4,658

4,658

4,658

4,658

4,658

4,658

4,658

4,658

-

Total liabilities

122,796

152,456

117,534

103,099

87,098

73,720

67,294

66,971

65,244

51,580

5,015

6,974

6,932

6,533

4,810

4,755

4,859

4,857

4,753

148

Common stock subject to possible redemption; 11,148,003 shares and 14,428,805 shares, respectively, at December 31, 2017 and 2016 (at approximately $10.00 per share)

-

-

-

-

-

-

-

-

-

-

112,127

-

-

144,288

-

-

-

-

-

-

Common stock subject to possible redemption; 14,364,041 shares and 14,428,805 shares, respectively, at June 30, 2017 and December 31, 2016 (at redemption value of approximately $10.03 per share)

-

-

-

-

-

-

-

-

-

-

-

144,028

144,085

-

-

-

-

-

-

-

Common stock subject to possible redemption; 14,428,805 shares and 14,661,512 shares, respectively, at December 31, 2016 and 2015 (at redemption value of approximately $10.00 per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

146,387

146,521

146,577

146,615

146,769

-

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

-

Stockholders' equity (deficit):
Class A common stock; $0.0001 par value, 210,000 shares authorized; 22,494 issued and outstanding at December 31, 2019 and 9,731 issued and outstanding at December 31, 2018

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B common stock; $0.0001 par value, 90,000 shares authorized; 31,394 issued and outstanding at December 31, 2019 and 44,071 issued and outstanding at December 31, 2018

-

-

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued or outstanding

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

Class A common stock; $0.0001 par value, 210,000 shares authorized; 23,622 issued and outstanding at March 31, 2020 and 22,494 issued and outstanding at December 31, 2019

2

2

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

Class B common stock; $0.0001 par value, 90,000 shares authorized; 30,270 issued and outstanding at March 31, 2020 and 31,394 issued and outstanding at December 31, 2019

3

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

5,955

5,990

5,748

10,364

3,728

3,655

3,646

3,569

3,256

-

6,179

7,890

7,833

7,630

5,531

5,397

5,341

5,303

5,149

25

Accumulated earnings (deficit)

486

-8,349

-4,196

-5,790

-4,452

-4,322

-3,343

-2,213

-1,428

-

-1,179

-2,890

-2,833

-2,630

-531

-397

-341

-303

-149

0

Total stockholders' equity (deficit)

6,446

-2,354

1,557

4,579

-719

-662

308

1,361

1,833

-

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

5,000

25

Noncontrolling interest

8,668

-2,378

6,426

-7,942

-1,939

-1,349

2,922

8,617

12,173

-

-

-

-

-

-

-

-

-

-

-

Member deficit

-

-

-

-

-

-

0

0

0

-13,919

-

-

-

-

-

-

-

-

-

-

Total equity (deficit)

15,114

-4,732

7,983

-3,363

-2,658

-2,011

3,230

9,978

14,006

-13,919

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' equity (deficit)

137,910

147,724

125,517

99,736

84,440

71,709

70,524

76,949

79,250

37,661

122,142

156,002

156,017

155,821

156,197

156,276

156,436

156,472

156,522

173

Class A Common Stock [Member]
Common stock value

-

-

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity (deficit)

-

-

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B Common Stock [Member]
Common stock value

-

-

4

4

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity (deficit)

-

-

4

4

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-