Tel instrument electronics corp (TIK)
Balance Sheet / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
ASSETS
Current assets:
Cash and cash equivalents

1,667

2,246

981

585

161

278

254

307

263

130

234

287

1,162

830

412

972

629

795

178

185

331

202

232

216

145

193

310

98

196

166

413

640

932

715

123

Accounts receivable, net

2,812

1,301

1,575

2,196

2,271

769

672

1,095

1,660

1,067

1,221

1,556

1,057

1,861

2,265

1,454

1,027

860

1,856

1,625

614

844

2,095

1,129

1,368

970

557

652

860

539

1,694

1,769

1,455

1,714

2,585

Unbilled government receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,051

1,762

1,768

1,780

1,466

1,466

1,466

1,466

Inventories, net

3,070

3,075

3,097

2,932

3,094

3,762

4,095

4,269

4,309

4,456

4,165

4,208

4,473

3,675

4,048

4,679

4,808

4,686

4,523

4,032

4,583

4,568

4,025

4,509

4,712

5,477

6,241

6,804

6,564

7,101

5,023

3,785

2,645

2,520

2,970

Restricted cash to support appeal bond

2,007

2,006

2,005

2,004

2,003

2,002

2,001

-

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash to support appeal bond

-

-

-

-

-

-

-

2,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

362

295

273

275

240

130

162

147

107

77

77

188

156

85

763

128

251

376

328

286

463

580

263

143

146

87

115

93

101

134

220

137

121

101

70

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

5

-

5

108

108

113

108

108

108

148

190

108

108

108

108

108

108

Deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

578

578

578

-

1,064

1,064

1,064

1,064

1,089

1,089

1,089

1,239

1,238

1,238

1,238

1,099

1,099

1,288

1,288

869

846

849

1,131

Total current assets

9,920

8,926

7,935

7,994

7,771

6,943

7,187

7,821

8,341

5,731

5,699

6,241

7,428

7,031

8,069

7,234

7,786

7,788

7,957

7,194

7,088

7,393

7,814

7,353

7,720

8,075

8,571

9,949

10,774

11,107

10,529

8,778

7,576

7,475

8,457

Equipment and leasehold improvements, net

262

257

240

236

128

142

164

180

197

176

161

161

135

152

183

193

193

224

234

270

310

392

450

445

494

534

587

607

645

654

706

617

420

300

330

Operating lease right-of-use assets

358

409

459

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs  long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

6

7

-

10

21

48

78

102

129

156

183

210

237

264

291

318

346

373

Deferred tax asset, net

63

63

63

63

63

63

63

63

-

-

-

0

1,747

1,787

1,897

2,643

1,764

1,991

2,162

2,377

2,484

2,386

2,273

2,494

2,553

2,564

2,546

2,057

1,753

1,112

948

1,461

1,461

1,461

1,461

Other long-term assets

35

35

35

35

35

35

35

35

35

33

33

33

33

34

35

36

33

33

32

41

32

47

47

56

56

56

56

56

56

56

56

56

62

52

35

Total assets

10,640

9,691

8,733

8,329

7,997

7,185

7,450

8,100

8,574

5,941

5,894

6,435

9,345

9,005

10,185

10,108

9,782

10,044

10,393

9,883

9,925

10,241

10,634

10,429

10,927

11,359

11,919

12,854

13,441

13,169

12,506

11,205

9,840

9,637

10,657

LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Current portion of long-term debt

-

-

-

-

0

0

0

2

3

77

186

291

396

429

424

418

411

405

393

387

382

745

718

641

668

598

1,229

1,187

1,113

605

542

522

504

367

282

Line of credit

710

730

750

800

820

840

950

1,000

1,000

1,000

400

200

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations – current portion

1

3

6

6

7

7

7

6

6

6

6

6

6

5

5

10

8

13

17

16

16

37

53

69

79

77

74

72

70

67

64

62

10

7

15

Operating lease liabilities – current portion

211

208

204

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

1,328

1,092

921

1,493

1,796

2,355

2,576

-

2,431

2,357

1,875

-

2,102

1,723

2,066

-

2,339

3,022

3,903

-

3,728

3,329

-

-

-

-

4,272

4,373

-

-

2,850

-

-

-

-

Federal and state taxes payable

-

-

-

-

-

-

-

-

0

0

4

4

0

0

0

53

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

2,307

-

-

-

1,428

-

-

-

1,686

-

-

-

2,811

-

-

2,289

2,233

2,819

2,815

-

-

3,382

3,821

-

1,996

437

730

1,598

Progress billings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

256

775

775

795

795

858

0

-

405

-

-

-

-

-

424

Deferred revenues – current portion

200

448

235

97

92

344

279

60

54

45

63

123

253

370

498

48

23

15

8

18

81

4

37

8

24

11

18

24

18

25

34

19

23

18

28

Accrued legal damages

5,570

5,483

5,395

5,312

5,216

5,144

5,072

5,059

4,930

4,900

2,800

2,800

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability

0

116

122

43

23

-

-

-

-

-

-

-

-

-

720

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll, vacation pay and payroll taxes

487

466

421

394

315

363

380

447

396

417

501

527

612

579

760

836

809

689

676

594

527

473

444

394

375

431

442

369

476

484

440

410

419

444

445

Accrued expenses - related parties

-

-

-

-

-

-

-

31

-

-

-

45

-

-

-

213

-

-

-

170

-

-

123

-

-

-

100

-

-

-

68

-

-

-

-

Accrued expenses – other

-

-

-

-

-

-

-

241

-

-

-

599

-

-

-

501

-

-

-

595

-

-

919

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability

-

-

-

-

-

-

-

0

0

5

-

95

128

165

199

1,136

1,216

969

451

518

423

488

354

511

282

173

198

-

-

-

355

-

-

-

-

Accrued expenses  other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,425

1,174

2,437

2,615

2,006

1,674

1,900

1,451

1,287

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,389

1,370

1,643

-

-

-

-

-

-

-

-

-

Total current liabilities

8,510

8,547

8,056

8,147

8,271

9,054

9,266

9,157

8,823

8,804

5,836

6,026

3,370

3,109

4,476

3,768

3,592

4,146

4,998

4,594

4,992

5,364

5,361

5,531

6,132

6,437

7,563

7,201

7,905

7,620

6,007

4,687

3,295

3,019

4,082

Operating lease liabilities – long-term

146

201

254

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated notes payable - related parties

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25

45

125

250

250

250

250

250

250

250

350

250

250

250

250

250

250

250

250

250

Deferred revenues – long-term

347

219

242

264

1

3

5

6

8

10

12

13

15

16

18

20

0

0

0

4

8

17

21

25

34

55

76

94

113

131

149

166

57

-

-

Warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

198

105

-

-

-

-

-

Warranty Liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299

429

534

366

Long-term debt

-

-

-

-

-

-

-

-

0

0

0

2

3

87

195

304

411

516

607

708

807

445

596

743

873

1,051

1,134

1,333

1,369

1,355

1,490

1,620

1,744

1,907

1,979

Deferred revenues – long-term

-

-

-

-

274

296

318

337

353

366

377

352

307

256

203

172

134

132

133

133

133

133

133

118

0

0

1

1

2

3

4

6

8

12

15

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

7

14

20

26

33

45

54

56

-

-

-

0

-

-

-

-

-

-

-

-

Total liabilities

9,004

8,968

8,552

8,412

8,547

9,354

9,589

9,501

9,185

9,186

6,226

6,490

3,824

3,634

5,095

5,435

5,414

5,910

6,468

6,243

6,661

6,753

6,773

7,180

7,572

8,069

9,223

9,081

9,840

9,467

8,257

7,031

5,786

5,723

6,693

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

Total mezzanine equity

-

-

-

-

-

-

-

-

2,990

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity (deficit):
Preferred stock

-

-

-

-

-

3,155

3,095

-

2,990

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, 7,000,000 shares authorized, par value $0.10 per share, 3,255,887 shares issued and outstanding, respectively

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

325

324

324

321

301

300

279

271

268

265

265

264

264

Paid-in capital in excess of par value, common stock

7,691

7,766

7,840

7,914

8,009

8,096

7,994

8,046

8,099

8,123

8,115

8,107

8,099

8,091

8,082

8,074

8,069

8,061

8,052

8,046

8,042

7,999

7,987

7,941

7,902

7,768

7,108

7,057

6,361

6,040

5,921

5,800

5,777

5,740

5,711

Accumulated deficit

-10,905

-11,812

-12,348

-12,606

-13,107

-13,747

-13,555

-12,809

-12,027

-11,693

-8,773

-8,487

-2,904

-3,045

-3,317

-3,727

-4,026

-4,253

-4,452

-4,732

-5,104

-4,835

-4,451

-5,017

-4,871

-4,798

-4,713

-3,584

-3,039

-2,609

-1,940

-1,891

-1,989

-2,092

-2,011

Total stockholders’ equity (deficit)

1,635

722

180

-82

-549

-2,169

-2,139

-1,401

-3,601

-3,245

-332

-54

5,520

5,371

5,090

4,672

4,368

4,133

3,925

3,639

3,263

3,488

3,860

3,249

3,355

3,290

2,696

3,772

3,601

3,701

4,249

4,174

4,054

3,913

3,964

Total liabilities and stockholders’ equity (deficit)

10,640

9,691

8,733

8,329

7,997

7,185

7,450

8,100

8,574

5,941

5,894

6,435

9,345

9,005

10,185

10,108

9,782

10,044

10,393

9,883

9,925

10,241

10,634

10,429

10,927

11,359

11,919

12,854

13,441

13,169

12,506

11,205

9,840

9,637

10,657

Series A Preferred Stock [Member]
Preferred stock

3,455

3,395

3,335

3,275

-

-

-

3,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock

-

-

-

-

3,215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock [Member]
Preferred stock

1,067

1,047

1,027

1,007

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock

-

-

-

-

1,007

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-