POLARITYTE, INC. PTE Balance Sheet

Polarityte, inc. (PTE)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Oct'10
ASSETS
Current assets
Cash and cash equivalents
38,517	10,218	27,273	45,887	34,948	55,673	70,961	84,827	37,838	9,990	17,667	3,027	4,777	6,902	6,523	6,736	7,346	6,652	17,053	8,584	9,084	10,479	7,196	10,937	10,947	12,349	13,385	18,830	25,535	26,763	18,038	27,292	31,734	21,750	13,689	19,674	8,004
Short-term investments
997	19,022	18,675	12,342	9,706	6,162	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due from factor, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	133	1,597	2,134	0	115	4,684	12,501	0	3,871	13,878	937	1,409	1,015
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	101	-	176	415	510	-	323	454	826	-	291	863	1,485	1,169	613	1,820	2,015	3,936	3,347	4,592	4,929	3,143	2,788	725
Accounts receivable, net
1,186	1,731	1,593	1,336	788	712	940	329	45	60	-	60	65	-	0	-	-	-	283	-	-	-	1,597	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
233	252	346	362	309	336	238	255	-	-	-	-	-	-	-	-	-	-	-	0	34	271	1,292	1,620	2,297	3,003	4,859	2,362	2,478	3,307	7,762	6,052	5,507	8,198	11,605	4,607	8,418
Prepaid expenses and other current assets
2,807	1,264	1,306	1,918	1,844	1,432	1,163	715	294	626	297	411	326	251	47	121	178	243	101	136	142	304	249	340	232	248	2,827	683	304	428	1,724	599	736	1,351	3,071	896	921
Advance payments for inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	70	160	1,064	858	213	242	257	1,465	226	1,161	5,975	566	5,454
Capitalized software development costs and license fees
-	-	-	-	-	-	-	-	-	-	-	-	0	50	-	50	85	150	179	258	277	270	674	2,296	1,717	2,121	7,825	7,265	5,653	3,833	3,489	7,667	5,451	4,228	12,564	9,417	4,903
Receivable from Zift
-	-	-	-	-	-	-	30	-	-	-	-	-	-	-	-	-	-	-	0	0	0	250	230	-	-	0	-	-	-	-	-	-	-	-	-	-
Current assets related to discontinued operations
-	-	-	-	-	-	-	-	-	-	-	0	-	-	163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
43,740	32,487	49,193	61,845	47,595	64,315	73,302	86,156	38,177	10,676	17,964	3,498	5,168	7,304	6,733	7,083	8,024	7,555	17,616	9,301	9,991	12,150	11,258	15,726	16,259	20,963	33,263	30,611	36,118	41,272	47,707	46,422	52,117	55,495	50,984	39,357	29,440
Property and equipment, net
15,022	14,911	15,662	16,200	16,528	13,736	12,927	10,307	6,342	4,452	2,173	2,073	1,878	1,473	18	24	31	38	45	48	56	66	198	650	960	1,025	817	871	863	840	1,003	1,029	1,056	1,143	1,184	1,289	520
Operating lease right-of-use assets
4,142	4,590	5,028	5,454	4,960	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net
683	731	778	825	873	924	957	1,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from Zift, non-current
-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Security deposits
-	-	-	-	-	-	-	139	137	111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
278	278	278	278	278	278	278	278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in GMS Entertainment Limited
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,705	3,191	3,316	3,500	-	-	-	0	-	-	-	-	-	-
Other assets
598	602	353	353	378	913	378	-	-	-	15	-	-	-	-	-	-	-	-	-	-	-	-	0	69	69	69	569	569	569	588	159	159	165	209	232	69
Receivable from Zift, non-current
-	-	-	-	-	-	-	-	0	0	-	30	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-current assets
-	-	-	23,110	23,017	-	14,540	11,731	6,479	4,563	2,188	2,103	-	-	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL ASSETS
64,463	53,599	71,292	84,955	70,612	80,166	87,842	97,887	44,656	15,239	20,152	5,601	7,046	8,777	6,751	7,107	8,055	7,593	17,661	9,349	10,047	12,216	11,456	18,081	20,479	25,373	37,649	32,051	37,550	42,681	49,298	47,610	53,332	56,803	52,377	40,878	30,029
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued expenses
8,026	7,095	10,233	5,977	5,344	6,508	4,363	3,867	3,007	3,312	1,939	1,439	1,409	2,268	474	1,422	1,496	1,699	1,686	2,133	2,666	3,002	4,427	4,349	6,919	9,369	8,994	8,652	11,973	15,208	15,490	14,591	17,560	22,044	20,313	12,351	11,375
Other current liabilities
3,223	2,338	2,582	2,646	2,550	316	286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration
-	-	-	-	-	-	-	268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term note payable
536	528	538	538	529	529	519	533	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
23	98	134	44	90	170	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability and embedded derivative
-	-	-	-	-	-	-	0	0	10,128	13,502	-	-	-	70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current liabilities related to discontinued operations
-	-	-	-	-	-	-	-	-	-	-	0	-	-	810	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	185	344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to distribution partners
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	194	918	1,286	1,981	-	-	0	-	-	-	-	-	-	-	-	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,539	1,744	171	1,478	-	-	0	-	-	-	-	-	-	-	-	-	-
Payable to Zift
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	75	207	318	400	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,764	-	-	-	0	0	0	0	1,238	0	5,557
Advances from customers and deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7	237	21	11	864	30	6,838	0	39	44	4,454	227	373	2,272	5,642	622	945
Due to factor
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,162	-	-	-	-	-	-	-	-	-
Due to factor
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	650	-	-	-	-	-
Warrant liability - current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17	363	957	-	0	-	-
Total current liabilities
11,808	10,059	13,487	9,205	8,513	7,523	5,318	4,668	3,007	13,440	15,441	1,439	1,409	2,268	1,354	1,607	1,915	1,906	2,004	2,533	4,406	5,901	5,905	7,819	7,783	9,399	17,596	9,814	12,012	15,252	19,961	15,831	18,890	24,316	27,193	12,973	17,877
Common stock warrant liability
7,145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term note payable, net
-	-	247	236	494	479	736	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
2,614	2,994	3,358	3,833	3,566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term notes payable
-	-	-	-	-	-	-	705	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
1,243	1,630	1,808	1,315	1,446	131	126	89	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,382	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
22,810	14,683	18,900	14,589	14,019	8,133	6,180	5,462	3,007	13,440	15,441	1,439	1,409	2,268	1,354	1,607	1,915	1,906	2,004	2,583	4,454	7,283	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Private placement units held in escrow - representing 7,352,940 shares of 0% Series A Convertible Preferred Stock with an aggregate liquidation preference of $5,000 and 7,352,940 warrants, net of $5,000 of proceeds held in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability - noncurrent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	1,949	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,122	-	1,187	144
Commitments and Contingencies (Note 12)
-	-	-	-	-	-	-	-	0	0	-	0	0	-	0	-	0	0	-	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0
Redeemable convertible preferred stock - 0, 0, and 6,455 shares authorized, issued and outstanding at December 31, 2018, October 31, 2018 and 2017, respectively; liquidation preference - $0, $0, and $17,750, respectively
-	-	-	-	-	-	-	0	0	5,414	4,541	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
STOCKHOLDERS' EQUITY
Preferred stock - 25,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2020 and December 31, 2019
-	-	-	-	-	-	-	0	0	109,104	109,995	111,195	111,948	8,532	10,153	10,153	10,407	10,521	10,694	-	-	318	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock - $.001 par value; 250,000,000 shares authorized; 38,393,289 and 27,374,653 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
38	27	27	25	22	21	21	21	19	7	7	6	6	4	3	3	14	12	2	10	8	7	7	7	46	46	7	42	42	42	42	41	41	41	41	41	39
Escrowed proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,040	-5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
490,009	474,174	466,514	461,491	424,955	414,840	406,087	394,362	326,343	160,368	149,173	142,358	137,880	131,810	123,417	123,114	121,003	119,337	128,497	129,817	126,341	125,491	125,271	125,109	124,784	124,521	124,187	121,765	121,413	121,035	120,755	120,496	120,058	119,656	119,222	118,811	114,824
Accumulated other comprehensive income
3	72	63	79	53	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-500	-507	-551	-611	-626	-617	-619	-572	-599	-585	-557	527	-527	-522
Accumulated deficit
-448,397	-435,357	-414,212	-391,229	-368,437	-342,864	-324,446	-301,958	-284,713	-273,094	-259,005	-249,397	-244,197	-133,837	-128,176	-127,770	-125,284	-124,183	-123,536	-122,746	-122,481	-120,883	-119,727	-114,354	-111,627	-108,042	-103,530	-98,944	-95,300	-93,029	-90,888	-88,159	-85,072	-87,775	95,501	-91,607	-102,333
Total stockholders' equity
41,653	38,916	52,392	70,366	56,593	72,033	81,662	92,425	41,649	-3,615	170	4,162	5,637	6,509	5,397	5,500	6,140	5,687	15,657	6,766	5,593	4,933	5,551	10,262	12,696	15,974	20,053	22,237	25,538	27,429	29,337	31,779	34,442	31,365	23,235	26,718	12,008
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
64,463	53,599	71,292	84,955	70,612	80,166	87,842	97,887	44,656	15,239	20,152	5,601	7,046	8,777	6,751	7,107	8,055	7,593	17,661	9,349	10,047	12,216	11,456	18,081	20,479	25,373	37,649	32,051	37,550	42,681	49,298	47,610	53,332	56,803	52,377	40,878	30,029