T2 biosystems, inc. (TTOO)
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'14Dec'13
Assets
Current assets:
Cash and cash equivalents

36,300

11,033

16,213

28,422

37,400

50,805

60,225

70,710

29,733

41,799

52,897

46,134

58,822

73,488

75,111

50,218

59,519

73,662

40,117

-

-

73,849

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,289

65,295

-

75,589

15,876

30,198

Accounts receivable

2,454

2,825

1,573

1,179

1,773

1,786

1,734

1,593

582

467

442

981

409

327

379

288

360

369

378

389

88

201

-

-

-

Inventories

3,275

3,599

4,110

3,100

2,664

2,677

3,337

2,158

2,082

1,344

1,254

1,014

489

803

1,338

1,435

1,259

683

1,057

569

252

115

-

-

-

Prepaid expenses and other current assets

1,716

1,438

1,917

713

1,741

1,340

2,024

864

626

708

754

660

931

820

955

562

894

838

1,104

628

686

1,076

1,087

202

195

Current portion of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

80

-

-

-

Total current assets

43,768

18,895

23,813

33,414

43,578

56,608

67,320

75,325

33,023

44,318

55,347

48,789

60,651

75,438

77,783

52,503

62,032

75,552

42,656

54,875

66,401

75,321

76,676

16,078

30,393

Property and equipment, net

4,232

5,845

6,314

7,262

7,128

7,315

8,190

8,503

8,710

10,015

13,854

14,510

14,468

13,589

13,628

12,815

12,287

10,655

9,448

7,809

5,332

2,760

1,698

1,327

1,118

Operating lease right-of-use assets

2,966

3,360

3,740

4,108

4,463

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

180

180

180

180

180

180

180

180

180

260

260

260

260

260

260

260

260

260

260

260

260

260

340

340

340

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

313

313

313

313

-

-

-

Other assets

206

206

206

206

206

206

206

206

206

268

218

218

280

281

331

331

358

358

447

456

468

480

153

2,307

34

Total assets

51,352

28,486

34,253

45,170

55,555

64,309

75,896

84,214

42,119

54,861

69,679

63,777

75,659

89,568

92,002

65,909

74,937

86,825

53,124

63,713

72,774

79,134

78,867

20,052

31,885

Liabilities and stockholders’ deficit
Current liabilities:
Notes payable

43,400

42,902

42,258

42,885

42,450

42,373

3,399

3,771

41,303

40,696

1,416

1,365

1,316

1,269

11,495

10,631

6,943

4,449

1,417

305

300

295

290

1,769

1,759

Accounts payable

1,686

3,753

3,427

2,911

618

744

551

1,152

779

648

993

1,660

1,161

962

895

795

1,552

1,228

993

1,562

1,173

735

725

720

943

Accrued expenses and other current liabilities

10,029

11,207

8,800

8,823

7,784

6,073

4,427

4,210

5,606

6,218

5,513

4,701

4,060

4,908

5,036

4,506

4,216

4,162

4,291

3,475

3,426

3,662

5,580

4,222

1,319

Derivative liability

2,314

2,425

2,603

2,503

2,225

2,142

-

-

2,096

2,238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

238

285

610

677

658

697

762

-

-

1,736

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

925

887

-

2,076

2,494

2,127

2,445

817

1,266

1,736

2,146

1,199

1,776

2,029

80

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

313

313

313

313

-

-

-

Current portion of lease incentives

-

-

-

-

-

268

262

257

251

246

247

248

249

301

293

284

276

268

241

259

214

87

67

35

25

Total current liabilities

57,667

60,572

57,698

57,799

53,735

52,297

9,401

10,315

50,922

51,782

10,245

10,468

8,913

9,885

18,536

17,482

14,723

12,253

8,454

7,690

7,455

5,172

6,662

6,746

4,046

Notes payable, net of current portion

-

-

-

-

-

-

38,869

38,344

609

1,008

40,089

39,908

39,750

39,504

21,246

24,168

23,572

26,121

19,344

20,522

20,592

20,660

10,733

2,411

3,299

Lease incentives, net of current portion

-

-

-

-

-

492

553

614

675

731

751

771

791

792

864

935

1,007

1,076

1,136

1,136

995

106

18

23

45

Operating lease liabilities, net of current portion

1,350

1,873

2,390

2,893

3,259

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, net of current portion

32

46

77

98

141

133

91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, net of current portion

-

-

-

-

-

-

-

117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liability

-

-

-

-

-

-

2,063

1,879

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrants to purchase redeemable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,226

1,225

Other liabilities

-

-

-

-

-

-

1,157

962

-

-

467

305

175

49

774

665

546

436

380

313

252

195

24

-

-

Commitments and contingencies (see Note 13)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Redeemable convertible preferred stock (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116,625

112,813

Stockholders’ deficit:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2020 and December 31, 2019

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

-

0

0

0

-

0

-

-

Common stock, $0.001 par value; 200,000,000 shares authorized; 119,172,630 and 50,651,535 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

119

51

45

44

44

44

44

43

36

36

36

32

31

30

30

24

24

24

20

20

20

20

20

1

1

Additional paid-in capital

383,310

342,121

336,179

332,301

330,694

328,514

325,740

323,195

268,807

267,421

266,014

246,141

244,391

242,997

239,692

-

-

195,800

-

-

-

-

-

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

198,992

197,376

-

160,643

159,241

157,673

156,576

155,929

-

-

Accumulated deficit

-391,100

-376,177

-362,136

-347,965

-332,318

-317,171

-302,022

-291,255

-278,930

-266,117

-247,923

-233,848

-218,392

-203,689

-189,140

-176,357

-162,311

-148,885

-136,853

-125,209

-114,213

-103,595

-

-

-89,544

Accumulated deficit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94,519

106,980

-

Total stockholders’ deficit

-7,700

-34,005

-25,912

-15,620

-1,580

11,387

23,762

31,983

-10,087

1,340

18,127

12,325

26,030

39,338

50,582

22,659

35,089

46,939

23,810

34,052

43,480

53,001

61,430

-106,979

-89,543

Total liabilities and stockholders’ deficit

51,352

28,486

34,253

45,170

55,555

64,309

75,896

84,214

42,119

54,861

69,679

63,777

75,659

89,568

92,002

65,909

74,937

86,825

53,124

63,713

72,774

79,134

78,867

20,052

31,885