Pernix therapeutics holdings, inc. (PTX)
Balance Sheet / Quarterly
Sep'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'11Dec'10
ClassOfStockDomain
Preferred Stock
Series C Convertible Preferred Stock [Member]
ASSETS
Current assets:
Cash and cash equivalents

24,511

19,925

26,942

32,820

27,241

14,341

22,737

36,375

28,521

29,207

36,646

56,135

57,187

66,831

18,929

34,855

16,429

60,791

55,851

15,647

9,690

9,048

26,259

23,022

37,037

50,508

39,201

34,551

27,563

16,635

8,260

Restricted cash

-

-

-

-

-

-

-

-

0

0

10,003

10,002

10,001

10,002

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

66,443

35,275

37,006

45,317

48,368

45,246

31,000

50,729

44,772

48,447

51,756

61,209

60,588

46,395

44,841

44,127

51,844

22,769

31,884

25,681

23,336

26,689

30,561

36,647

20,786

-

-

20,601

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

501

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,624

16,401

-

23,649

11,082

14,758

Inventory, net

17,788

5,058

5,407

5,396

8,130

8,482

7,444

7,775

8,282

9,693

11,827

10,035

10,661

9,065

12,741

10,479

11,592

12,545

10,831

13,810

16,517

18,968

18,267

22,014

6,981

6,668

5,040

6,261

7,518

3,785

4,145

Prepaid expenses and other current assets

11,935

6,096

7,290

8,628

8,814

13,311

15,069

12,617

13,256

11,651

12,112

11,574

10,057

17,947

9,802

16,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

45

101

68

123

429

452

680

1,414

3,351

7,030

6,856

6,735

8,784

3,047

-

2,590

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable, net of unamortized discount of $0 and $127, respectively

-

-

-

-

-

-

-

-

-

-

-

-

0

4,818

4,770

4,723

4,675

4,824

4,787

-

4,711

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,512

6,535

6,202

5,879

6,694

4,655

4,768

3,888

2,319

2,129

1,672

2,144

1,653

1,826

1,930

Note receivable, net of unamortized discount of $127 and $101, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,749

-

-

-

0

-

-

-

-

-

-

-

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,175

-

5,403

5,348

1,129

1,318

847

5,506

5,459

2,024

1,713

837

807

0

-

-

-

Deferred income tax assets - current

-

-

-

-

-

-

-

-

-

-

-

-

17,712

17,619

16,792

6,544

12,152

11,085

10,877

9,301

6,156

6,942

5,658

8,118

5,168

4,676

4,057

4,552

4,330

3,720

2,494

Held for sale - assets, net of impairment charge of $6,456,966

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,294

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

120,722

66,455

76,713

92,284

92,982

81,832

76,930

108,910

98,182

106,028

129,200

155,690

174,990

175,724

117,050

119,868

112,607

123,900

124,858

76,385

67,954

71,810

90,973

95,715

74,006

80,444

67,180

68,109

64,714

37,049

32,090

Property and equipment, net

1,000

681

670

752

831

921

1,013

1,103

1,199

1,288

2,459

2,346

2,273

2,093

1,668

1,514

1,066

1,107

1,056

6,872

7,249

7,200

7,247

6,946

6,961

1,101

1,057

911

1,279

1,284

1,213

Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

5,710

-

-

-

-

-

-

-

Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,315

-

6,355

5,157

5,869

4,451

-

-

1,502

Goodwill

17,572

12,100

12,100

12,100

30,600

30,600

30,600

30,600

54,366

54,366

54,865

54,865

48,430

45,080

44,900

44,900

45,890

41,581

41,581

42,497

53,825

52,645

51,159

37,160

-

-

-

1,406

-

-

-

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,810

911

-

Intangible assets, net

133,649

85,424

86,800

96,606

114,783

132,934

151,086

169,571

220,138

240,763

262,393

285,943

358,148

381,877

282,125

300,489

319,139

76,380

78,864

80,022

100,312

102,414

133,397

104,054

24,602

21,278

12,664

7,469

9,458

9,917

10,961

Note receivable, net of unamortized discount of $0 and $319, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,626

4,579

4,531

4,483

-

-

0

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,000

-

-

-

-

-

-

-

-

-

Other

1,827

1,973

2,118

2,263

2,408

197

235

257

279

302

326

347

14,603

11,927

10,359

11,253

11,490

5,543

5,930

1,079

1,226

1,384

1,840

1,858

193

193

213

213

264

264

264

Total assets

274,770

166,633

178,401

204,005

241,604

246,484

259,864

310,441

374,164

402,747

449,243

499,191

598,444

616,701

456,102

478,024

490,192

253,139

256,869

211,386

235,051

264,454

287,934

251,446

112,119

108,177

86,985

82,563

77,528

49,427

46,033

Current liabilities:
Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,767

1,779

-

Accrued allowances

-

-

-

-

-

-

-

60,961

-

-

-

4,336

-

-

-

3,573

2,715

3,975

4,010

3,803

3,419

2,595

3,185

2,881

1,691

1,410

1,371

2,044

3,354

2,341

848

Accounts payable

11,302

10,797

8,796

7,911

22,699

23,090

20,391

-

23,133

25,681

37,406

-

42,585

27,531

25,748

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

7,275

-

-

-

14,081

-

-

-

5,399

9,507

7,738

5,878

3,444

7,089

12,643

6,024

5,045

5,915

3,721

2,249

2,987

-

-

2,248

Accrued personnel expenses

5,181

3,661

3,129

5,748

-

-

-

5,357

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued allowances

71,698

54,020

60,255

56,309

58,254

55,739

55,810

-

56,355

55,746

62,483

62,678

57,958

52,198

51,737

52,604

45,082

34,857

39,003

34,286

29,196

31,423

34,708

30,054

14,887

16,402

14,905

17,006

15,565

-

10,488

Accrued allowances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,974

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

585

1,278

1,422

2,149

Other accrued expenses

10,148

3,324

6,679

6,909

-

-

-

8,711

-

-

-

9,355

-

-

-

15,333

10,428

3,964

4,655

5,386

5,063

5,117

6,706

5,548

3,107

1,711

2,024

1,565

-

-

1,319

Interest payable

6,381

10,524

5,879

10,612

5,871

10,302

6,329

10,897

6,618

11,173

6,726

11,903

6,655

12,200

4,812

10,159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held for sale - liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,901

-

-

-

-

-

-

-

-

-

-

-

-

Contracts Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,750

3,230

3,415

1,290

1,290

-

2,200

Credit facilities - current

-

-

-

-

-

-

-

-

-

-

-

-

0

7,941

10,659

7,345

18,782

13,128

5,047

17,000

13,883

18,471

2,510

2,286

248

-

-

0

-

-

-

Treximet Secured Notes - current, net

0

0

0

3,664

0

0

0

11,103

633

3,789

0

13,335

10,086

10,013

3,884

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior secured notes - Treximet - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Credit facility - current

-

-

-

-

-

14,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,000

6,000

-

-

0

Restricted cash payable

-

-

-

-

-

-

-

-

-

-

-

10,002

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration - Cypress acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

1,330

-

-

-

-

-

-

-

-

-

-

-

Put option and contingent consideration - Cypress acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

15,649

-

-

6,562

-

-

-

-

-

-

-

Restricted cash payable

-

-

-

-

-

-

-

-

0

0

10,003

-

10,001

10,002

-

0

5,327

4,363

6,398

4,072

1,300

15,180

13,558

1,568

-

-

-

-

-

-

-

Other liabilities - current

6,901

3,765

2,737

2,648

6,789

5,869

4,912

5,224

4,387

4,507

4,572

6,753

-

-

-

3,264

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable (current)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

-

Total current liabilities

111,611

86,091

87,475

93,801

93,613

109,000

87,442

109,528

91,126

100,896

121,190

132,443

127,285

119,885

96,840

97,677

91,841

68,028

66,897

69,468

75,602

85,431

66,693

53,947

27,601

26,476

29,966

31,480

26,256

19,718

19,253

Term loan

41,250

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contracts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

300

600

900

1,200

1,800

Debt - long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,310

1,345

6,414

40,527

41,349

1,439

-

-

0

-

-

-

Convertible notes - long-term, net

67,823

66,928

66,054

65,194

64,879

106,377

105,217

104,071

102,953

101,873

100,818

99,776

102,956

102,136

65,000

65,000

65,000

65,000

65,000

0

-

-

-

-

-

-

-

-

-

-

-

Exchangeable notes - long-term, net

10,030

9,016

8,468

7,975

8,266

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Delayed draw term loan - long-term, net

37,805

28,183

27,717

27,248

27,584

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability

54

72

112

93

178

314

584

230

2,421

2,212

2,371

9,165

9,250

19,777

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

1,501

1,501

1,621

1,358

2,747

1,863

2,749

2,403

5,097

4,581

8,553

14,055

25,731

29,327

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treximet Secured Notes - long-term, net

151,364

162,853

162,405

163,887

168,833

173,105

172,677

172,250

184,002

184,208

189,278

188,715

199,901

209,987

216,116

220,000

220,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Credit facility

14,185

14,185

14,185

14,185

14,185

0

14,000

14,000

14,000

14,000

14,000

15,000

10,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

10,840

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liability - long-term

-

-

-

-

-

-

-

-

226

226

65

202

1,009

3,651

7,017

0

13,006

11,284

10,654

15,499

34,918

43,844

45,311

35,535

4,465

4,454

-

-

-

-

-

Arbitration award

0

2,000

2,000

2,000

2,000

16,797

17,410

17,522

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Put option and contingent consideration - Cypress acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,494

-

-

7,765

-

-

-

-

-

-

-

Other liabilities - long-term

589

822

805

2,521

2,567

2,741

2,559

4,500

4,408

4,461

4,357

6,738

9,176

9,405

9,307

11,755

11,390

11,487

11,755

14,386

3,103

7,808

7,769

0

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-860

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,000

6,000

5,000

Contracts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

-

900

1,200

1,800

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,425

-

497

653

1,075

Total liabilities

447,052

371,651

370,842

378,262

384,852

410,197

402,638

424,504

404,233

412,457

440,632

466,094

485,308

494,168

394,280

394,432

401,237

155,799

154,306

100,663

119,464

143,498

160,302

138,597

33,506

30,930

31,691

32,940

33,653

27,571

27,128

Commitments and contingencies (note 13)

0

0

0

0

0

0

0

-

0

0

0

0

-

0

0

0

-

0

0

0

0

0

0

0

-

-

-

0

-

-

-

Common stock subject to repurchase (4,427,084 shares as of December 31, 2012)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,634

29,241

31,326

34,309

-

-

-

-

-

-

-

Stockholders' deficit:
Preferred stock

1

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Common stock subject to repurchase (4,427,084 shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Common stock, $0.01 par value, 140,000,000 shares authorized, 13,957,733 and 11,841,173 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively

140

121

119

119

115

100

100

100

95

851

611

61

610

608

389

383

382

380

375

372

335

333

330

288

290

290

263

257

257

227

226

Additional paid-in capital

274,458

262,492

261,558

261,158

259,794

245,713

245,054

244,309

242,164

240,889

228,306

227,387

225,203

223,862

131,135

129,128

126,317

122,691

121,612

119,554

91,229

88,943

86,115

58,614

56,886

56,057

33,655

30,185

29,402

9,408

8,934

Treasury stock, at cost, 0 and 2,762,022 shares held at December 31, 2016 and 2015, respectively, see Note 14

-

-

-

-

-

-

-

-

0

5,572

5,567

5,548

5,540

5,540

5,540

5,431

5,075

4,754

4,680

4,001

3,980

3,980

3,980

3,772

3,772

3,772

3,772

3,751

3,751

3,751

3,751

Accumulated other comprehensive loss

85

0

0

0

-46

-55

-73

-79

-12

-

-

0

-

-

-

-

-

-

-

-

-

0

1,526

2,975

3,376

2,567

2,112

1,089

-

-

0

Accumulated deficit

-479,476

-467,631

-454,118

-435,534

-403,111

-409,471

-387,855

-358,393

-272,316

-245,878

-214,739

-188,803

-107,137

-96,397

-64,162

-40,488

-32,669

-20,977

-14,744

-5,202

368

6,417

12,313

20,433

21,832

22,102

23,034

21,843

17,967

15,972

13,495

Total Pernix stockholders' deficit

-204,792

-205,018

-192,441

-174,257

-143,248

-163,713

-142,774

-114,063

-30,069

-9,710

8,611

33,097

113,136

122,533

61,822

83,592

88,955

97,339

102,562

110,723

87,953

91,714

96,305

78,538

78,613

77,246

55,293

49,623

43,875

21,856

18,904

Noncontrolling interests

32,510

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' deficitty

-172,282

-

-

-174,257

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' deficit

274,770

166,633

178,401

204,005

241,604

246,484

259,864

310,441

374,164

402,747

449,243

499,191

598,444

616,701

456,102

478,024

490,192

253,139

256,869

211,386

235,051

264,454

287,934

251,446

112,119

108,177

86,985

82,563

77,528

49,427

46,033