Socket mobile, inc. (SCKT)
Balance Sheet / TTM
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 and cash equivalents

1,142

958

881

1,015

929

1,084

1,324

1,296

2,074

3,379

2,867

2,134

1,622

1,319

1,146

1,053

1,027

938

862

830

743

632

739

702

670

606

401

659

638

390

407

612

957

957

907

1,015

460

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

710

Accounts receivable, net

2,814

2,837

3,062

2,917

2,964

2,367

2,531

2,308

2,925

2,687

3,413

3,090

3,355

2,866

2,653

2,445

2,387

2,358

-

-

-

1,896

1,717

2,203

1,708

1,427

1,773

2,469

1,934

1,509

1,288

1,506

2,164

2,791

2,614

1,525

813

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,322

1,946

1,670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

3,294

3,178

2,528

2,395

2,495

2,272

1,893

2,212

2,279

2,198

2,246

2,234

1,842

1,537

1,139

879

1,510

1,326

972

621

807

957

866

727

695

1,105

1,056

1,032

1,008

941

1,194

1,765

1,906

1,461

1,287

1,197

1,698

Prepaid expenses and other current assets

306

312

404

576

367

307

313

297

309

385

445

506

327

259

227

198

125

87

88

89

94

125

113

205

182

93

121

119

277

129

166

160

167

218

192

193

128

Deferred cost on shipments to distributors

-

-

-

-

-

165

-

-

-

204

-

-

-

947

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred cost on shipments to distributors

217

233

257

245

196

-

195

181

168

-

241

202

210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

7,775

7,520

7,133

7,150

6,952

6,197

6,258

6,296

7,757

8,855

9,214

8,167

7,358

6,930

5,167

4,576

5,052

4,710

4,244

3,487

3,316

3,612

3,436

3,839

3,256

3,232

3,353

4,281

3,859

2,970

3,056

4,044

5,196

5,428

5,001

3,931

3,811

Property and equipment:
Machinery and office equipment

2,279

2,195

2,200

2,141

2,112

2,188

2,270

2,180

2,100

2,052

2,112

2,109

2,116

2,063

2,175

2,172

2,137

2,124

2,157

2,069

2,041

2,025

2,007

1,960

1,926

1,918

1,900

1,827

1,849

1,865

1,895

2,115

2,266

2,212

2,169

2,151

2,140

Computer equipment

1,234

1,336

1,243

1,094

1,036

992

976

968

942

851

854

838

832

945

1,006

977

1,084

1,049

1,090

990

996

984

989

1,024

1,033

1,059

1,139

1,146

1,184

1,204

1,360

1,375

1,353

1,324

1,304

1,291

1,285

Property and equipment, gross

3,513

3,531

3,444

3,236

3,149

3,181

3,246

3,148

3,043

2,903

2,966

2,948

2,948

3,008

3,182

3,150

3,221

3,173

3,247

3,059

3,037

3,009

2,997

2,984

2,960

2,978

3,040

2,973

3,033

3,070

3,256

3,491

3,620

3,536

3,473

3,442

3,426

Accumulated depreciation

2,630

2,667

2,627

2,555

2,449

2,492

2,485

2,399

2,304

2,241

2,442

2,455

2,380

2,444

2,677

2,709

2,754

2,698

2,874

2,852

2,815

2,764

2,749

2,750

2,722

2,683

2,707

2,677

2,742

2,727

2,870

3,066

3,280

3,225

3,164

3,108

2,954

Property and equipment, net

882

864

817

680

699

689

761

749

739

662

524

492

568

563

504

440

467

474

373

206

222

244

248

233

238

294

332

296

290

342

386

424

339

311

309

334

471

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15

30

45

60

75

90

105

120

135

150

165

180

210

Goodwill

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

4,427

Other long-term assets

191

202

213

225

226

236

246

257

267

271

-

-

-

75

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

63

64

75

-

75

80

75

75

90

90

85

85

117

117

117

117

91

91

91

91

81

81

74

80

85

98

146

Deferred tax assets

5,506

5,506

5,668

5,706

5,774

5,780

5,788

5,771

5,717

5,637

8,329

8,642

9,016

9,589

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use asset

850

936

1,021

1,104

1,185

1,265

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

19,634

19,458

19,281

19,293

19,265

18,596

17,482

17,500

18,908

19,854

22,558

21,793

21,446

21,586

10,174

9,525

10,022

9,688

9,136

8,212

8,051

8,369

8,229

8,618

8,054

8,102

8,248

9,156

8,743

7,921

8,055

9,098

10,171

10,397

9,988

8,970

9,066

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses

1,993

2,084

1,789

1,422

1,680

1,533

1,207

1,293

1,217

1,112

1,108

1,581

1,934

1,581

1,575

1,593

2,327

2,214

2,201

2,320

2,655

3,007

3,125

3,648

3,585

3,524

3,367

3,713

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,944

3,697

3,285

3,683

3,954

3,266

-

-

3,683

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

74

94

94

94

94

-

-

86

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,108

3,580

-

Accrued payroll and related expenses

537

566

634

646

547

512

528

513

539

630

635

605

549

632

562

560

555

602

517

493

523

528

384

579

528

580

471

560

534

478

527

608

496

564

687

647

634

Related party and other short term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

650

650

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party convertible notes payable including related interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party convertible notes payable including related interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

406

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party and other short term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

650

-

-

-

-

95

-

-

-

0

-

-

-

Related party and other short term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550

550

550

-

363

-

-

-

-

-

-

Related party convertible notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

777

-

777

725

750

750

-

-

-

0

0

0

329

Deferred revenue on shipments to distributors

584

611

621

584

465

396

479

441

398

492

633

464

477

2,010

1,025

1,174

924

1,004

-

111

122

978

139

158

165

172

184

198

207

214

222

236

243

247

271

290

324

Short term portion of deferred service revenue

29

32

34

36

38

33

31

31

32

31

34

39

41

47

57

66

75

85

99

-

-

131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank lines of credit

1,939

1,412

1,428

1,829

1,796

1,316

1,526

1,535

-

-

-

-

-

-

-

-

350

-

-

-

-

815

815

814

814

763

846

1,145

875

810

654

897

854

1,109

-

-

0

Term loan – current portion

208

333

458

500

500

500

500

547

3,375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease – current portion

430

419

408

397

386

376

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease – current portion

4

8

12

16

15

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term portion of capital leases and deferred rent

-

-

-

-

-

-

58

58

56

55

53

48

43

39

34

16

17

24

19

24

25

25

24

23

23

22

22

22

17

17

17

16

14

17

23

29

27

Customer deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

321

640

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

413

815

815

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,888

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income on shipments to distributors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

972

887

-

867

1,050

904

1,006

1,088

1,024

684

854

993

1,169

1,642

1,571

1,170

792

673

Related party and other short term credit line notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500

500

600

600

600

-

-

-

650

-

-

-

-

-

-

-

-

-

-

-

Related party convertible notes payable

-

-

-

-

-

-

-

-

-

-

0

752

752

752

752

380

380

380

380

380

380

380

-

-

-

405

-

-

-

-

400

-

-

-

-

299

-

Total current liabilities

5,727

5,468

5,389

5,433

5,429

4,685

4,331

4,420

5,619

2,322

2,465

3,492

3,799

5,064

4,007

3,792

4,953

5,452

6,020

5,719

6,012

6,466

6,422

7,332

7,449

7,125

7,309

7,939

7,639

6,991

6,559

6,706

7,300

6,872

6,261

5,639

5,429

Related party convertible notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

371

371

371

371

371

371

371

-

-

-

371

-

-

-

-

-

-

-

-

-

-

-

Related party convertible notes payable including related interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

449

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party convertible notes payable including related interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

429

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term portion of deferred service revenue

35

40

44

48

50

31

27

28

32

29

30

32

25

25

30

33

36

39

-

65

76

83

87

102

101

95

101

120

141

153

167

190

189

167

175

162

197

Long term portion of capital leases and deferred rent

-

-

-

-

-

-

224

243

257

271

285

302

314

327

339

300

304

305

-

277

275

275

275

274

269

265

259

254

236

227

229

231

180

184

185

187

202

Long-term portion of term loan

-

-

-

83

208

333

458

452

625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term portion of operating lease

603

715

824

932

1,034

1,134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term portion of finance lease

-

-

-

-

4

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term portion of deferred service revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term portion of deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

199

191

183

-

167

159

151

143

135

127

119

111

103

95

87

79

71

63

55

47

39

31

15

Total liabilities

6,367

6,224

6,258

6,498

6,727

6,192

5,041

5,145

6,535

2,623

2,781

3,828

4,139

5,416

4,576

4,690

5,849

6,344

6,892

6,592

6,887

7,340

7,369

8,266

7,940

7,968

7,773

8,410

8,105

7,452

7,026

7,192

7,726

7,271

6,662

6,020

6,173

Commitments and contingencies

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stockholders’ equity:
Common stock, $0.001 par value: Authorized – 20,000,000 shares, Issued and outstanding – 6,009,507 shares at March 31, 2020 and 6,017,674 shares at December 31, 2019

6

6

6

5

5

5

5

5

5

7

6

5

5

5

5

5

5

5

5

5

5

5

5

4

4

4

4

4

4

4

4

4

4

4

4

4

3

Additional paid-in capital

61,190

61,066

60,916

60,782

60,645

60,523

60,397

60,267

60,146

64,777

64,702

63,306

63,137

62,889

62,730

62,637

62,491

62,210

62,069

61,974

61,920

61,713

61,524

61,447

61,303

61,251

61,174

61,124

61,060

60,966

60,837

60,732

60,516

60,324

60,150

59,048

57,671

Accumulated deficit

-47,929

-47,838

-47,899

-47,993

-48,113

-48,125

-47,962

-47,917

-47,779

-47,554

-44,932

-45,346

-45,836

-46,725

-57,138

-57,807

-58,324

-58,872

-59,831

-60,361

-60,762

-60,690

-60,670

-61,101

-61,194

-61,122

-60,704

-60,383

-60,427

-60,502

-59,814

-58,831

-58,075

-57,204

-56,829

-56,102

-54,781

Total stockholders’ equity

13,267

13,234

13,022

12,795

12,538

12,404

12,440

12,355

12,372

17,230

19,777

17,965

17,307

16,169

5,598

4,835

4,173

3,343

2,243

1,619

1,164

1,028

859

351

114

133

475

745

637

469

1,028

1,905

2,445

3,125

3,325

2,950

2,893

Total liabilities and stockholders’ equity

19,634

19,458

19,281

19,293

19,265

18,596

17,482

17,500

18,908

19,854

22,558

21,793

21,446

21,586

10,174

9,525

10,022

9,688

9,136

8,212

8,051

8,369

8,229

8,618

8,054

8,102

8,248

9,156

8,743

7,921

8,055

9,098

10,171

10,397

9,988

8,970

9,066