Reed's, inc. (REED)
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'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash

28

913

1,016

1,604

2,650

624

188

1,807

3,376

12,127

348

251

197

451

1,947

969

648

1,816

1,203

215

1,221

959

1,705

1,213

1,104

1,104

1,046

816

726

1,163

1,429

1,391

101

713

554

1,114

1,084

Accounts receivable, net of allowance for doubtful accounts and returns and discounts of $282 and $375, respectively

4,018

2,099

4,129

3,465

3,451

2,608

4,436

3,594

2,464

2,691

3,188

2,730

2,414

2,485

3,055

3,544

2,675

2,894

3,744

3,586

2,978

2,500

3,759

2,881

2,561

2,143

3,185

3,235

2,228

1,961

2,899

2,543

2,090

1,626

2,164

2,006

1,295

Receivable from related party

230

356

-

-

-

195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory, net of reserve for obsolescence of $262 and $646, respectively

7,990

10,508

9,575

9,283

10,732

7,380

7,041

10,447

6,835

5,931

7,815

7,917

5,516

6,885

7,805

7,723

8,186

7,974

7,900

8,937

8,360

6,306

5,983

5,499

6,076

6,293

6,705

6,385

6,301

5,794

5,963

5,046

6,212

6,099

6,121

4,578

4,555

Prepaid inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115

576

203

-

690

1,301

813

1,287

-

-

-

256

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

911

420

470

398

445

131

438

572

316

199

301

283

377

500

695

573

456

769

314

530

529

447

-

-

-

178

-

-

-

-

-

-

-

-

-

-

-

Prepaid inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

787

886

373

-

499

330

190

201

314

241

238

168

392

384

138

Prepaid and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

290

160

181

-

348

295

251

212

159

148

150

123

77

146

78

Total current assets

13,177

14,296

15,190

14,750

17,278

10,938

12,103

16,420

12,991

20,948

11,652

11,181

8,504

10,321

13,617

13,385

12,168

13,453

13,851

14,569

13,901

11,499

12,524

10,639

10,295

9,974

11,783

11,061

9,696

9,331

10,764

9,369

8,791

8,729

9,308

8,228

7,150

Property and equipment, net of accumulated depreciation of $520 and $482, respectively

1,026

1,053

1,053

934

912

896

157

94

203

174

4,089

8,250

7,934

7,726

6,844

6,479

5,788

5,369

5,282

5,057

5,035

4,572

4,069

3,537

3,608

3,686

3,571

3,472

3,400

3,422

3,385

3,418

3,470

3,512

3,606

3,613

3,650

Equipment held for sale, net of impairment reserves of $96 and $96, respectively

67

67

82

82

82

82

1,921

2,184

2,184

2,549

2,465

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Brand names

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,029

1,029

1,029

-

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

1,029

-

-

-

Intangible assets

576

576

576

576

576

576

805

805

805

805

805

805

-

805

-

-

-

1,029

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Brand names

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,029

1,029

1,029

Deferred financing fees, net of amortization of $107,000 and $40,000, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

34

49

60

37

31

42

54

32

52

67

85

55

29

47

Total assets

14,846

15,992

16,901

16,342

18,848

12,492

14,986

19,503

16,183

24,476

19,011

20,236

17,243

18,852

21,490

20,893

18,985

19,851

20,162

20,655

19,965

17,100

17,639

15,239

14,981

14,749

16,420

15,593

14,167

13,836

15,210

13,868

13,357

13,355

13,998

12,899

11,876

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable

4,500

5,539

5,525

3,905

4,262

5,721

3,272

4,307

4,543

7,480

6,992

6,690

6,617

5,959

7,157

5,673

7,721

7,458

7,710

7,538

7,161

5,894

5,788

4,131

3,968

3,612

5,215

4,730

3,396

3,368

3,354

2,648

2,543

2,310

3,742

2,891

2,586

Accrued expenses

624

646

1,141

748

1,103

1,483

1,869

1,727

207

220

181

345

191

215

220

192

183

168

151

155

141

130

147

144

126

136

134

154

209

233

204

208

200

196

177

179

162

Advances from officers

-

-

-

-

-

-

50

0

0

277

277

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from officers

-

-

-

-

-

-

-

-

-

-

-

277

380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5

0

-

71

85

84

83

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

87

44

Recycling fees payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

99

84

111

147

263

325

Revolving line of credit

4,785

3,177

7,079

4,328

2,759

6,980

2,689

3,996

0

3,301

5,153

4,589

3,530

4,384

4,901

5,646

4,250

4,443

4,329

4,635

4,113

3,009

4,159

3,982

4,593

4,524

4,313

4,072

3,665

3,023

3,574

2,951

3,021

3,095

2,789

2,387

2,038

Current portion of leases payable

95

49

51

51

53

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of leases payable

-

-

-

-

-

-

140

204

186

198

194

171

187

183

179

142

151

153

127

127

125

125

119

45

63

79

80

80

72

69

64

61

58

56

54

43

39

Current portion of long term financing obligation

-

-

-

-

-

-

231

231

231

222

214

197

197

190

182

175

167

160

154

147

134

134

128

122

116

111

100

100

95

90

85

80

76

71

67

63

55

Current portion of bank notes

-

-

-

-

-

-

6,040

6,244

6,440

6,947

953

953

953

953

-

-

-

341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of capital expansion loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of capital expansion loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341

341

-

-

-

-

0

-

-

-

165

-

-

-

-

-

-

-

-

-

-

-

Term loans payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,841

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

184

177

171

-

159

155

183

176

170

163

157

152

-

18

71

Total current liabilities

10,004

9,411

13,796

9,032

8,177

14,235

14,291

16,709

11,607

18,645

13,964

13,222

12,055

11,884

13,343

12,169

12,813

12,723

14,312

12,602

11,674

9,292

10,525

8,601

9,037

8,627

10,001

9,296

7,620

7,033

7,543

6,295

6,223

6,074

7,072

5,931

5,320

Leases payable, less current portion

662

737

747

759

787

801

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leases payable, less current portion

-

-

-

-

-

-

107

164

243

236

286

360

389

438

419

499

536

490

383

411

443

476

489

86

92

106

48

67

79

98

104

121

137

153

168

124

146

Long term financing obligation, less current portion, net of discount of $714 at December 31, 2017

-

-

-

-

-

-

1,149

1,190

1,219

1,250

1,283

1,317

1,337

1,363

1,387

1,408

1,427

1,443

1,459

1,473

1,491

1,508

2,087

2,109

2,129

2,147

2,170

2,181

2,195

2,208

2,219

2,231

2,240

2,247

2,254

2,261

2,268

Convertible note to a related party

4,831

4,689

4,551

4,417

4,287

4,161

4,036

3,917

3,802

3,690

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability

2

8

15

146

85

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank notes, net of discount $0 and $78,000, respectively

-

-

-

-

-

-

-

-

-

-

6,182

6,365

6,077

5,919

-

-

-

4,410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible note, net of discount $2,833,000 and $0, respectively

-

-

-

-

-

-

-

-

-

-

748

501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability

-

-

-

-

-

-

133

159

41

36

74

1,527

766

775

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

123

129

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term liabilities

-

-

-

-

-

-

94

98

104

111

117

-

-

130

130

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expansion loan, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,318

2,849

1,896

-

-

1,389

1,233

672

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Term loan, net of discount $79,000 and $132,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,921

2,886

2,894

-

2,990

1,500

1,500

1,500

-

-

-

482

-

-

-

-

-

-

-

-

-

-

-

Term loan, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341

390

437

-

525

556

350

399

445

490

535

576

-

-

-

Total liabilities

15,499

14,845

19,109

14,354

13,336

19,235

19,810

22,237

17,016

23,968

22,654

23,415

20,753

20,509

20,518

19,811

19,566

19,066

19,144

17,375

16,341

13,448

13,442

11,186

11,695

11,362

12,744

12,100

10,244

9,738

10,311

9,137

9,135

9,050

9,494

8,316

7,734

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

0

0

-

0

-

-

0

0

-

0

0

-

0

0

0

Stockholders' equity (deficit):
Series A Convertible Preferred stock, $10 par value, 500,000 shares authorized, 9,411 shares issued and outstanding

94

94

94

94

94

94

94

94

94

94

94

94

94

94

94

94

94

94

94

94

94

94

-

-

-

94

94

-

-

-

-

-

-

-

-

-

-

Series B Convertible Preferred stock, $10 par value, 500,000 shares authorized, 0 and 45,062 shares issued and outstanding, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Common stock, $.0001 par value, 100,000,000 and 100,000,000 shares authorized, respectively; 47,595,206 and 47,595,206 shares issued and outstanding, respectively

5

5

3

3

3

3

3

3

2

2

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Common stock issuable, 350,000 shares at March 31, 2020

-285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issuable, 400,000 shares at December 31, 2017

-

-

-

-

-

-

754

84

-84

-680

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid in capital

78,091

77,596

70,420

70,051

69,110

53,591

52,096

52,182

50,703

49,833

35,447

30,294

30,111

29,971

30,182

30,044

27,613

27,399

27,094

26,891

26,543

26,300

25,625

-

-

25,276

-

-

-

-

-

-

-

-

-

-

-

Additional paid in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,529

25,395

-

24,908

24,749

24,680

23,996

23,741

23,478

23,055

22,924

22,766

22,645

21,701

Accumulated deficit

-79,128

-76,548

-72,725

-68,160

-63,695

-60,431

-57,771

-55,097

-51,716

-50,101

-39,185

-33,568

-33,716

-31,723

-29,305

-29,057

-28,289

-26,709

-26,171

-23,705

-23,014

-22,743

-21,523

-21,571

-22,204

-21,984

-21,327

-21,361

-20,862

-20,459

-19,587

-19,602

-20,023

-19,890

-19,533

-19,348

-18,884

Total stockholders' equity (deficit)

-653

1,147

-2,208

1,988

5,512

-6,743

-4,824

-2,734

-833

508

-3,643

-3,179

-3,510

-1,657

972

1,082

-581

785

1,018

3,281

3,624

3,652

4,197

4,053

3,286

3,387

3,676

3,493

3,923

4,098

4,899

4,731

4,222

4,305

4,504

4,583

4,142

Total liabilities and stockholders' equity (deficit)

14,846

15,992

16,901

16,342

18,848

12,492

14,986

19,503

16,183

24,476

19,011

20,236

17,243

18,852

21,490

20,893

18,985

19,851

20,162

20,655

19,965

17,100

17,639

15,239

14,981

14,749

16,420

15,593

14,167

13,836

15,210

13,868

13,357

13,355

13,998

12,899

11,876