Smith micro software, inc. (SMSI)
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

19,456

28,268

23,870

6,611

7,378

12,159

8,387

8,745

3,654

2,205

3,939

2,377

2,504

2,229

5,943

6,410

11,398

8,819

8,531

7,174

9,977

10,165

10,493

5,036

8,620

11,763

10,863

9,161

12,751

18,873

10,073

10,966

16,167

7,475

20,079

17,097

17,856

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

720

1,679

4,078

4,080

4,321

3,800

2,880

2,201

1,220

2,625

3,078

7,196

14,302

15,513

13,328

16,972

20,289

21,410

38,497

33,991

44,884

54,694

Accounts receivable, net of allowances for doubtful accounts and other adjustments of $247 (2020) and $253 (2019)

11,882

10,894

11,087

13,017

8,951

7,130

6,328

6,182

5,355

5,145

5,209

4,711

4,705

4,962

5,257

5,444

5,459

8,145

8,005

8,597

7,598

8,216

7,355

7,389

7,042

7,563

7,015

8,457

9,804

8,953

9,342

8,385

8,531

8,525

9,036

12,071

29,812

Income tax receivable

-

-

-

-

-

-

-

-

-

-

1

1

1

-

17

18

13

13

9

42

33

706

699

702

699

699

680

679

681

681

7,543

7,687

7,941

8,293

8,050

3,048

2,872

Inventories, net of reserves for excess and obsolete inventory of $148 (2016) and $158 (2015)

-

-

-

-

-

-

-

-

-

-

16

13

13

-

18

24

27

39

64

66

87

97

165

169

167

167

162

130

133

176

224

236

256

309

321

326

370

Prepaid expenses and other current assets

591

802

763

938

565

795

745

774

468

576

706

751

508

726

1,225

1,211

899

692

934

1,079

696

765

1,128

1,438

734

871

1,196

1,275

729

903

1,329

1,554

776

1,138

1,664

1,956

1,167

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

152

152

152

89

89

89

89

8

8

8

8

97

1,998

2,565

Total current assets

31,929

39,964

35,720

20,566

16,894

20,084

15,460

15,701

9,477

7,926

9,871

7,853

7,731

7,917

12,461

13,827

19,475

21,786

21,623

21,279

22,191

22,829

22,193

16,106

20,039

24,293

27,201

34,093

39,700

43,003

45,491

49,125

55,089

64,245

73,238

81,380

109,336

Equipment and improvements, net

2,152

2,109

1,392

930

852

865

940

1,060

1,102

1,229

1,381

1,542

1,651

1,811

1,834

1,904

2,150

2,492

2,956

3,366

3,799

4,273

4,697

5,373

6,161

7,023

7,910

9,232

10,228

11,211

12,277

13,181

14,422

15,482

16,323

21,100

11,623

Right-of-use assets

6,349

6,464

6,459

6,708

2,419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

94

94

191

191

191

191

404

404

404

404

-

-

-

-

-

-

-

-

74

74

74

74

-

-

-

-

-

-

-

-

-

-

-

-

-

11,180

-

Other assets

458

234

239

267

175

140

140

148

148

146

146

146

146

149

154

199

196

195

196

195

221

214

205

205

223

222

223

184

184

181

182

181

219

214

221

240

243

Intangible assets, net

15,875

4,535

4,761

5,002

5,270

238

297

359

423

487

551

616

680

745

1,241

613

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,400

19,459

Goodwill

11,493

7,797

7,797

7,797

7,797

3,685

3,685

3,685

3,685

3,685

3,685

3,685

3,685

3,686

3,368

1,874

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

94,231

94,231

Total assets

68,350

61,197

56,559

41,461

33,598

25,203

20,926

21,357

15,239

13,877

15,634

13,842

13,893

14,308

19,058

18,417

21,821

24,473

24,849

24,914

26,285

27,390

27,095

21,684

26,423

31,538

35,334

43,509

50,112

54,395

57,950

62,487

69,730

79,941

89,782

223,531

234,892

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable

3,463

2,050

1,536

1,227

1,249

1,160

1,139

1,315

1,298

1,333

1,318

1,296

1,600

1,907

1,775

1,740

1,480

1,708

1,470

1,536

1,660

1,521

2,145

1,378

1,623

1,632

2,396

1,828

1,788

1,978

2,014

1,720

1,986

3,181

4,669

4,192

4,592

Accrued payroll and benefits

2,285

2,107

2,128

2,232

2,121

1,745

1,843

1,998

2,114

1,994

-

-

-

2,391

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current operating lease liabilities

1,273

1,221

1,154

1,057

987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

3,182

3,212

3,281

-

4,665

5,007

5,539

5,064

5,030

5,063

5,129

5,752

6,079

6,722

7,160

7,734

9,850

6,517

6,227

4,829

4,699

6,392

7,262

7,641

7,527

7,536

8,444

Related party notes payable

-

-

-

-

-

-

-

-

-

1,000

2,200

2,000

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

271

244

212

246

330

450

438

411

428

416

-

-

-

1,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

1,690

98

105

183

234

28

120

-

-

73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

261

183

-

367

568

684

98

591

1,069

1,107

440

650

113

331

1,498

731

119

201

464

2,029

1,074

1,605

1,436

1,867

1,172

944

703

423

454

1,667

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

74

74

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

8,982

5,720

5,135

4,945

4,921

3,383

3,540

3,985

4,023

4,816

7,067

7,076

7,565

5,508

8,792

7,816

8,126

7,212

7,224

6,786

7,194

8,845

8,955

8,219

8,984

9,830

14,275

9,419

9,620

8,243

8,580

9,284

10,192

11,525

12,619

12,182

14,703

Non-current liabilities:
Operating lease liabilities

5,548

5,774

5,809

6,135

1,876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related-party notes payable, net of discount & issuance costs of $0 at December 31, 2017

-

-

-

-

-

-

1,200

1,200

1,200

1,200

-

1,158

1,062

1,295

883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable, net of discount & issuance costs of $442 at December 31, 2017

-

-

-

-

-

-

1,755

1,689

1,623

1,558

1,492

1,158

1,062

1,295

883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability

-

-

-

-

-

-

9,918

9,004

3,047

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

850

885

677

547

578

723

784

846

908

970

-

-

-

1,162

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

1,063

502

-

1,761

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term liabilities

117

134

151

168

185

534

591

649

708

766

2,332

2,738

2,873

1,808

3,108

2,970

3,110

3,235

3,476

3,626

3,766

3,643

3,736

3,701

3,573

3,383

2,051

2,839

-

3,399

-

-

-

-

-

-

-

Deferred rent and other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,960

-

-

-

-

3,546

-

-

197

Long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,432

3,363

3,408

-

3,641

2,727

-

Deferred tax liability, net

-

-

-

-

-

-

-

-

-

-

181

181

181

181

-

-

-

-

-

-

-

-

152

154

154

154

91

91

91

91

10

10

10

10

100

1,727

1,727

Total non-current liabilities

6,515

6,793

6,637

6,850

2,639

1,257

14,248

13,388

7,486

4,494

4,005

6,298

5,680

5,741

4,874

2,970

3,110

3,235

3,476

3,626

3,766

3,643

3,888

3,855

3,727

3,537

2,142

2,930

3,051

3,490

3,442

3,373

3,418

3,556

3,741

4,454

1,924

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Preferred stock, par value $0.001 per share; 5,000,000 shares authorized; 5,500 shares issued (2020 and 2019); 0 shares outstanding (2020 and 2019)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, par value $0.001 per share; 100,000,000 shares authorized; 40,383,056 and 38,475,084 shares issued and outstanding (2020 and 2019, respectively)

40

38

38

32

32

28

25

25

18

14

14

14

12

12

12

47

47

46

46

46

46

45

45

38

39

37

37

37

37

36

36

36

36

36

36

36

35

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

237,321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

276,163

274,041

273,815

262,215

261,990

256,626

241,970

241,790

239,179

237,486

-

230,657

228,265

229,275

227,565

225,455

225,129

224,867

224,397

223,980

223,572

223,141

222,696

216,918

215,325

214,619

213,866

213,063

212,083

211,165

210,276

209,373

208,835

207,927

206,969

205,932

201,702

Accumulated comprehensive deficit

-223,350

-225,395

-229,066

-232,581

-235,984

-236,091

-238,857

-237,831

-235,467

-232,933

-232,773

-230,203

-227,629

-226,228

-222,185

-217,871

-214,591

-210,887

-210,294

-209,524

-208,293

-208,284

-208,489

-207,346

-201,652

-196,485

-194,986

-181,940

-174,679

-168,539

-

-

-

-143,103

-133,543

938

16,538

Accumulated comprehensive deficit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-164,384

-159,579

-152,751

-

-40

-11

-10

Total stockholders’ equity

52,853

48,684

44,787

29,666

26,038

20,563

3,138

3,984

3,730

4,567

4,562

468

648

3,059

5,392

7,631

10,585

14,026

14,149

14,502

15,325

14,902

14,252

9,610

13,712

18,171

18,917

31,160

37,441

42,662

45,928

49,830

56,120

64,860

73,422

206,895

218,265

Total liabilities and stockholders' equity

68,350

61,197

56,559

41,461

33,598

25,203

20,926

21,357

15,239

13,877

15,634

13,842

13,893

14,308

19,058

18,417

21,821

24,473

24,849

24,914

26,285

27,390

27,095

21,684

26,423

31,538

35,334

43,509

50,112

54,395

57,950

62,487

69,730

79,941

89,782

223,531

234,892