Revolution lighting technologies, inc. (RVLT)
Balance Sheet / Yearly
Jun'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 and cash equivalents

457

1,439

945

917

475

1,169

883

3,911

5,190

1,290

219

882

483

1,635

6,033

2,398

1,702

1,008

1,757

5,762

5,347

5,959

4,434

4,297

1,085

1,915

3,014

4,081

3,541

5,308

Accounts receivable, net of allowance for doubtful accounts

34,963

29,746

34,972

47,970

50,664

46,156

53,347

47,678

43,470

36,013

41,132

34,310

26,563

20,863

23,779

21,601

15,545

3,871

4,353

3,914

6,068

5,441

1,307

594

513

525

564

790

3,517

645

Unbilled contracts receivable

6,813

6,557

6,083

5,511

6,255

8,326

10,167

7,869

5,285

3,495

4,559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled contract receivables

-

-

-

-

-

-

-

-

-

-

-

5,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

26,706

27,276

26,164

33,638

31,234

30,279

26,678

24,225

25,177

25,869

22,135

20,590

20,203

18,365

13,673

13,662

14,359

4,864

4,969

5,179

2,113

2,411

2,576

1,336

1,457

2,482

2,977

3,682

3,628

3,543

Vendor deposits, prepaid expenses and other

9,554

10,416

9,510

12,087

-

-

8,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,110

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

129

86

-

89

136

109

Other current assets

-

-

-

-

9,814

8,947

-

6,487

5,399

4,003

3,830

3,313

3,181

3,360

3,157

2,238

2,495

878

743

641

799

1,040

391

8

8

0

92

35

37

15

Total current assets

78,493

75,434

77,674

100,123

98,442

94,877

99,438

90,170

84,521

70,670

71,875

64,363

50,430

44,223

46,642

39,899

34,101

10,621

11,822

15,498

14,328

14,853

8,708

6,330

3,194

5,010

6,648

8,679

10,861

10,733

Machinery and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,004

-

-

-

751

-

-

-

272

-

-

-

1,283

-

-

1,182

Furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

263

-

-

-

204

-

-

-

126

-

-

-

643

-

-

645

Computers and software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

598

-

-

-

239

-

-

-

173

-

-

-

798

-

-

-

Construction in process

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251

-

-

-

63

-

-

-

-

-

-

-

-

-

-

-

Computers and software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

791

Leasehold improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126

-

-

-

51

-

-

-

130

-

-

-

553

-

-

553

Property and equipment

-

-

-

-

-

-

-

-

2,769

2,673

-

2,780

2,476

2,400

2,242

2,028

1,948

1,397

1,308

1,299

714

705

701

509

509

1,672

3,279

3,360

3,356

3,172

Accumulated depreciation and amortization

-

-

-

-

-

-

-

-

1,579

1,482

-

1,441

1,305

1,171

1,031

873

754

649

551

517

459

419

381

364

347

1,047

2,536

2,425

2,320

2,091

Property and equipment, net

2,051

2,125

1,603

1,802

1,651

1,528

1,474

1,218

1,190

1,191

1,247

1,339

1,171

1,229

1,211

1,155

1,194

748

757

781

254

285

320

145

162

625

742

934

1,036

1,081

Goodwill

61,508

61,508

61,508

72,210

72,210

72,074

72,074

71,827

70,575

64,267

64,267

64,978

42,991

42,991

42,991

39,335

38,457

21,523

21,498

17,349

10,165

10,158

10,166

0

0

1,988

1,988

2,396

2,396

2,396

Intangible assets, net

27,164

27,518

28,372

39,821

41,166

42,406

43,809

44,472

45,403

38,523

39,595

40,400

33,004

33,894

34,784

34,168

35,799

17,413

17,869

15,385

11,674

12,701

12,053

-

-

-

2,543

-

-

-

Other intangible assets, less accumulated amortization of $800,080 and $879,490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,418

1,446

2,501

-

2,670

2,685

2,750

Deposits on equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

12

-

Other assets, net

999

1,051

1,077

979

1,202

1,318

704

474

504

561

651

670

708

864

914

932

515

292

291

60

30

30

30

9

12

22

23

25

26

58

Total assets

170,215

167,636

170,234

214,935

214,671

212,203

217,499

208,161

202,193

175,212

177,635

171,750

128,304

123,201

126,542

115,489

110,066

50,597

52,237

49,076

36,453

38,029

31,277

7,903

4,815

10,148

11,948

14,709

17,019

17,020

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable

23,476

24,605

28,833

26,451

26,294

27,273

32,409

25,241

21,889

18,262

19,908

15,830

10,010

10,336

11,573

9,595

13,763

4,447

6,109

5,614

4,648

3,647

2,631

772

902

-

825

-

-

-

Accrued and other liabilities

7,990

9,822

11,570

11,636

11,556

11,836

10,541

9,849

7,462

5,420

8,717

4,404

-

-

7,371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition payable

510

-

1,796

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

3,916

3,163

-

3,844

3,571

2,492

2,553

1,637

662

1,833

867

135

395

-

245

-

-

-

Accrued compensation and benefits

-

-

-

-

-

-

-

-

3,869

3,716

-

2,694

1,768

2,009

2,281

1,707

1,581

1,107

1,077

737

454

693

219

91

172

160

206

219

244

213

Notes payable

-

1,886

-

2,360

2,360

2,360

2,360

11,360

11,360

10,390

10,360

10,360

-

-

360

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party notes payable

1,000

1,200

1,000

1,000

-

1,500

1,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,357

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,037

-

1,591

2,863

1,270

Related party payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

8

3

42

17

18

13

81

35

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,009

1,002

995

-

960

41

33

30

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

973

1,004

239

132

223

247

153

1,398

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

735

975

-

961

1,660

675

1,820

-

-

-

-

0

0

0

-

0

0

3

Purchase price obligations

-

130

130

168

561

2,074

1,327

2,899

4,038

7,990

7,039

7,027

6,032

-

6,269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase price obligations - current

-

-

-

-

-

-

-

-

-

-

-

-

-

1,333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase price obligations - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,467

6,361

1,553

1,927

514

662

1,366

1,949

-

-

-

-

-

-

-

Seesmart notes payable obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,421

-

-

-

-

-

-

-

Accrued interest on convertible promissory notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

-

-

-

-

-

Current portion of deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

2

4

25

45

64

80

Total current liabilities

32,976

37,643

43,329

41,615

40,771

45,043

48,137

49,349

48,618

45,778

46,024

40,315

22,461

17,816

27,854

23,556

28,942

11,508

13,618

9,687

6,717

7,779

10,523

1,005

3,959

1,221

1,321

1,869

3,254

1,603

Revolving credit facility

42,107

40,060

38,633

40,659

38,741

40,812

25,993

25,513

22,576

23,170

22,026

22,856

17,866

12,229

8,760

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition payable

1,326

-

270

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party payable-noncurrent

-

-

-

-

-

-

-

-

2,565

2,565

-

2,565

2,565

2,565

2,565

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

-

180

-

1,796

1,886

2,006

12,066

3,156

3,246

2,336

2,426

2,516

2,636

2,696

2,816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue-noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

190

189

190

-

122

109

87

58

-

-

-

-

-

-

-

Related party notes payable

17,728

11,720

11,720

9,565

11,065

2,565

2,565

2,565

-

-

2,565

-

-

-

-

2,565

5,669

3,500

-

-

-

-

-

-

-

-

-

-

-

-

Purchase price obligations

-

-

-

-

-

-

1,716

2,518

2,662

1,023

1,764

2,046

1,261

-

6,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase price obligation - noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

6,089

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase price obligation - noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,673

4,187

858

960

-

-

-

-

-

-

-

-

-

-

-

Bank loan payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,893

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

803

547

1,294

1,044

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

788

533

280

-

-

-

-

-

-

-

-

Other noncurrent liabilities

244

375

419

325

386

314

1,309

1,497

1,472

530

727

895

976

1,027

1,145

3,374

570

82

193

109

-

-

-

-

-

-

-

-

-

-

Embedded conversion liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,804

-

-

-

-

-

-

-

-

Convertible promissory notes to related parties, net of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,336

2,314

2,293

2,272

2,231

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

-

-

-

-

Deferred rent, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

2

25

Total liabilities

94,381

89,978

94,371

93,960

92,849

90,740

91,786

84,598

81,139

75,402

75,532

71,193

47,765

42,422

49,226

47,054

40,104

17,432

15,815

10,709

7,360

12,952

10,581

1,005

3,959

3,581

3,636

4,164

5,528

3,860

Contingencies and Commitments

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,079

24,777

-

10,966

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity
Preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,195

-

-

-

-

-

-

Common stock, par value $0.001 - 35,000 shares authorized and 22,418 shares issued and outstanding at June 30, 2018 and 35,000 shares authorized and 21,352 shares issued and outstanding at December 31, 2017

22

22

21

21

21

21

21

21

21

16

16

157

140

135

130

83

83

83

82

82

80

76

70

17

16

16

16

16

16

16

Additional paid-in-capital

209,302

208,928

204,944

204,351

202,678

201,592

200,887

200,329

199,449

177,083

176,760

176,510

156,224

154,981

149,477

101,984

102,409

82,641

82,549

81,362

74,219

64,136

60,036

50,638

50,051

50,033

50,007

49,998

49,914

49,386

Accumulated deficit

-133,490

-131,292

-129,102

-83,397

-80,877

-80,150

-75,195

-76,787

-78,416

-77,289

-74,673

-76,110

-75,825

-74,337

-72,291

-69,675

-68,271

-70,618

-67,111

-63,822

-60,742

-55,608

-50,290

-48,952

-49,211

-43,482

-41,712

-39,469

-38,440

-36,243

Total stockholders' equity

75,834

77,658

75,863

120,975

121,822

121,463

125,713

123,563

121,054

99,810

102,103

100,557

80,539

80,779

77,316

43,356

45,185

22,042

25,456

27,558

23,493

19,547

20,696

6,898

856

6,567

8,311

10,545

11,490

13,159

Total liabilities and stockholders' equity

170,215

167,636

170,234

214,935

214,671

212,203

217,499

208,161

202,193

175,212

177,635

171,750

128,304

123,201

126,542

115,489

110,066

50,597

52,237

49,076

36,453

38,029

31,277

7,903

4,815

10,148

11,948

14,709

17,019

17,020