Sunworks, Inc. SUNW Balance Sheet

Sunworks, inc. (SUNW)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current Assets
Cash and cash equivalents
5,471	3,154	2,157	3,147	1,544	3,628	3,635	4,752	1,555	6,356	6,382	4,165	4,196	11,069	6,661	7,663	6,423	12,040	9,259	9,326	11,230	414	1,288	1,229	343	10	98	37	9	33	-	-	0	0	10	59	3
Restricted cash
385	385	385	384	448	447	446	426	475	475	430	250	37	37	37	37	37	37	37	37	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net
6,753	7,606	7,228	7,530	6,422	8,201	9,390	7,715	7,167	11,330	10,634	16,674	11,541	9,665	15,303	16,072	11,932	7,023	6,688	4,933	2,489	2,023	1,082	811	1,184	0	-	-	-	-	-	-	-	-	-	-	-
Inventory, net
2,007	2,970	2,006	2,077	3,025	3,233	3,933	4,288	6,578	4,450	3,898	3,698	3,980	3,394	3,226	2,372	2,684	1,269	402	17	36	23	89	13	-	0	-	-	-	-	-	-	-	-	-	-	-
Contract assets
5,154	4,864	5,747	3,354	3,028	6,153	-	-	-	3,790	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets
-	-	-	-	-	-	5,181	3,928	3,716	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs in excess of billings
-	-	-	-	-	-	-	-	-	-	5,314	5,839	3,735	4,307	8,108	13,441	5,678	2,130	1,972	1,330	1,564	1,277	1,551	2,316	74	0	-	-	-	-	-	-	-	-	-	-	-
Other current assets
697	275	940	484	418	150	129	83	166	2,081	1,387	623	255	117	524	423	623	220	286	453	877	281	-	-	43	4	-	-	-	-	-	-	-	-	-	-	-
Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	0	-	-	-	-	-
Prepaid expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	289	35	0	-	4	1	2	3	8	12	18	25	6	12	24
Other receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance, employees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Assets
20,467	19,254	18,463	16,976	14,885	21,812	22,714	21,192	19,657	28,482	28,045	31,249	23,744	28,589	33,859	40,008	27,377	22,719	18,644	16,096	16,199	4,018	4,409	4,449	1,646	15	103	39	11	37	17	12	18	25	17	72	28
Machinery & equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	13	13	13	13	13	13	13	13	13	13
Computer equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	57	57	57	57	57	57	57	57	56	55
Furniture & fixture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	4	4	4	7	7	4	4	4	4	4
Equipment, computer, software, furniture & fixtures, and automotives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126	110	97	-	76	75	75	75	78	78	75	75	75	74	73
Less accumulated depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	83	81	-	72	72	71	71	71	70	69	69	69	68	67
Property and Equipment, net
457	511	572	658	760	852	948	1,042	1,140	1,233	1,392	1,494	1,612	1,674	1,509	1,222	1,261	745	194	187	176	84	41	26	16	6	3	3	3	4	7	8	5	6	6	6	5
Operating lease right-of-use asset
1,374	1,505	1,695	1,848	1,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets
Other deposits
69	69	72	68	68	68	71	71	71	68	68	65	61	53	41	38	36	36	38	26	27	20	7	7	7	2	-	-	-	-	-	-	-	-	-	-	-
Security deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	0	-	2	2	2	2	2	2
Patents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	23	23	23	23	18	18	0	-	-	-	-	-	-	-
Goodwill
5,464	9,464	9,464	9,464	9,464	9,464	11,364	11,364	11,364	11,364	11,364	11,364	11,364	11,364	10,864	10,864	10,727	11,364	5,893	5,893	5,455	2,599	2,599	2,599	2,520	0	-	-	-	-	-	-	-	-	-	-	-
Other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	500	500	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Assets
5,533	9,533	9,536	9,532	9,532	9,532	11,435	11,435	11,435	11,432	11,432	11,429	11,425	11,417	11,405	11,402	11,263	11,400	5,931	5,919	5,482	2,619	2,629	2,629	2,550	25	25	-	-	0	-	-	-	-	-	-	-
TOTAL OTHER ASSETS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	18	-	-	2	2	2	2	2	2
Total Assets
27,831	30,803	30,266	29,014	27,147	32,196	35,097	33,669	32,232	41,147	40,869	44,172	36,781	41,680	46,773	52,632	39,901	34,864	24,769	22,202	21,858	6,721	7,080	7,106	4,213	47	132	62	34	41	25	23	27	34	26	81	36
Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable and accrued liabilities
10,234	11,221	12,447	11,680	8,810	11,858	11,588	10,486	9,690	13,090	11,977	12,153	9,152	12,979	16,352	19,102	10,318	5,033	4,047	3,249	2,313	1,971	-	-	-	156	-	-	-	-	-	-	-	-	-	-	-
Contract liabilities
3,435	4,616	2,678	3,463	5,134	5,069	-	-	-	7,288	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
604	753	780	652	600	58	-	-	-	2,905	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liability, current portion
893	864	892	887	905	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract liabilities
-	-	-	-	-	-	6,252	5,622	4,805	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank Overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	6	12	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,829	2,191	619	-	53	98	90	67	91	86	79	17	28	1	13
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	310	281	213	-	43	43	43	43	46	31	15	-	-	-	453
Billings in excess of costs
-	-	-	-	-	-	-	-	-	-	7,210	8,879	6,221	4,997	3,800	5,242	1,931	1,990	1,366	1,397	1,143	892	939	1,083	761	0	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
-	-	-	-	-	-	117	99	2,801	-	693	534	277	64	67	91	261	394	149	41	997	52	48	32	56	0	-	-	-	-	-	-	-	-	-	-	-
Loan payable, current portion
57	88	124	135	151	179	198	217	231	229	228	225	222	218	161	75	2,091	2,028	17	17	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Promissory note payable, current portion
2,127	-	-	-	100	100	100	-	-	-	-	-	-	-	0	0	-	850	850	850	68	-	1,097	904	159	-	400	285	239	123	1	99	78	-	-	-	65
Other payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192	-	10	0	2	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	20	10	2	-	-	-	-	-	-	25
Accrued interest, related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	1	0	-	-	-	107
Derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	68	12,879	3,010	3,956	2,822	1,885	634	470	696	39	-	-	-	-	-	-
Acquisition promissory note, current portion
-	252	404	555	707	757	757	757	757	606	606	606	1,177	959	693	484	240	750	1,415	1,172	962	891	646	401	558	0	-	-	-	-	-	-	-	-	-	-	-
Convertible promissory notes, net of debt discount of $0 and $1, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	850	-	-	-	-	887	-	-	-	515	-	-	-	-	-	-	-	-	-	-	-
Promissory notes payable, net of discount $53,594
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	-	-	-	-	-	-
Total Current Liabilities
17,350	17,794	17,325	17,372	16,407	18,021	19,012	17,181	18,284	24,118	20,714	22,397	17,049	19,217	21,073	24,994	15,691	11,045	7,844	6,726	5,677	4,761	17,761	7,904	6,327	3,494	2,416	1,082	854	933	243	-	180	30	28	1	663
Long-Term Liabilities
Operating lease liability
481	641	803	961	1,065	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan payable
-	-	3	30	57	88	127	166	208	267	323	381	438	496	409	161	209	232	48	52	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Promissory note payable, net
-	3,484	3,422	3,361	3,682	3,669	3,655	3,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition convertible promissory note
-	-	-	-	-	-	0	149	149	149	384	384	384	654	653	654	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition promissory note
-	-	-	-	-	-	-	-	-	707	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition promissory note
-	-	-	-	-	101	252	404	555	-	708	640	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warranty liability
471	441	411	381	351	321	336	306	277	246	216	186	131	116	58	58	58	45	25	6	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Long-Term Liabilities
952	4,566	4,639	4,733	5,155	4,179	4,370	4,666	1,189	1,369	1,631	1,591	953	1,266	1,120	873	267	277	73	58	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities
18,302	22,360	21,964	22,105	21,562	22,200	23,382	21,847	19,473	25,487	22,345	23,988	18,002	20,483	22,193	25,867	15,958	11,322	7,917	6,784	-	4,761	-	-	-	-	-	-	-	-	-	232	-	-	-	-	-
Commitments and Contingencies (Note 14)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholders' Equity
Preferred stock Series B, $001 par value; 5,000,000 authorized shares; 0 and 0 issued and outstanding, respectively
-	-	-	-	-	-	0	0	2	2	2	2	2	2	2	2	2	2	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-	-	-	-	-
Common stock, $.001 par value; 200,000,000 authorized shares; 16,628,992 and 6,805,697 issued and outstanding, respectively
17	7	5	28	26	4	26	25	23	23	22	22	22	21	21	21	20	18	18	18	17	14	330	298	283	8	190	167	142	141	135	125	120	118	113	110	100
Additional paid in capital
88,956	81,132	77,603	75,003	73,604	73,502	73,350	73,082	72,232	72,000	71,440	71,141	70,803	70,317	70,040	66,139	64,062	63,285	57,776	57,745	58,385	42,765	22,513	18,665	17,587	12,491	11,866	11,654	11,268	11,099	10,866	10,578	10,265	9,974	9,538	9,234	7,815
Accumulated deficit
-79,444	-72,696	-69,306	-68,122	-68,045	-63,510	-61,661	-61,285	-59,498	-56,365	-52,940	-50,981	-52,048	-49,143	-45,483	-39,397	-40,141	-39,763	-40,942	-42,345	-42,222	-40,819	-	-	-	-15,947	-	-	-	-	-	-	-	-	-	-	-
Common stock subscription payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-	-	-	-	-
Common stock subscription receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-
Accumulated Deficit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,525	19,762	19,985	-	14,340	12,842	12,230	12,132	11,220	10,926	10,540	10,089	9,653	9,255	8,542
Total Shareholders' Equity
9,529	8,443	8,302	6,909	5,585	9,996	11,715	11,822	12,759	15,660	18,524	20,184	18,779	21,197	24,580	26,765	23,943	23,542	16,852	15,418	16,180	1,960	-10,681	-798	-2,114	-3,447	-2,284	-1,020	-819	-891	-218	-209	-153	3	-1	79	-627
Total Liabilities and Shareholders' Equity
27,831	30,803	30,266	29,014	27,147	32,196	35,097	33,669	32,232	41,147	40,869	44,172	36,781	41,680	46,773	52,632	39,901	34,864	24,769	22,202	21,858	6,721	7,080	7,106	4,213	47	132	62	34	41	25	23	27	34	26	81	36