U.S. WELL SERVICES, INC. USWS Balance Sheet

U.s. well services, inc. (USWS)

Balance Sheet / Yearly

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
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
9,068	33,794	20,712	34,758	19,395	29,529	153	386	482	5,923	853	955	1,074	65
Restricted cash
519	7,610	12,084	16,976	509	507	-	-	-	503	-	-	-	-
Accounts receivable (net of allowance for doubtful accounts of $9,000 and $22 as of March 31, 2020 and December 31, 2019, respectively)
89,853	79,542	108,050	108,406	84,141	58,026	-	-	-	74,435	-	-	-	-
Inventory, net
9,619	9,052	10,488	9,810	11,912	9,413	-	-	-	12,436	-	-	-	-
Prepaids and other current assets
12,386	13,332	14,867	11,760	12,169	16,437	-	-	-	12,987	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	26	42	79	-	153	100	115	0
Prepaid franchise taxes
-	-	-	-	-	-	0	16	0	-	-	-	-	0
Deferred offering costs
-	-	-	-	-	-	-	-	-	-	0	0	0	154
Total current assets
121,445	143,330	166,201	181,710	128,126	113,912	180	445	561	106,284	1,007	1,056	1,189	220
Property and equipment, net
273,828	441,610	461,529	489,839	447,126	331,387	-	-	-	251,288	-	-	-	-
Intangible assets, net
14,191	21,826	22,191	24,091	25,991	27,890	-	-	-	36,295	-	-	-	-
Goodwill
4,971	4,971	4,971	4,971	4,971	4,971	-	-	-	4,971	-	-	-	-
Deferred financing costs, net
1,164	1,045	1,108	1,171	1,800	2,070	-	-	-	8,758	-	-	-	-
Investments and cash held in trust account
-	-	-	-	-	-	329,542	328,319	327,259	-	325,829	325,710	325,074	0
TOTAL ASSETS
415,599	612,782	656,000	701,782	608,014	480,230	329,722	328,765	327,821	407,596	326,836	326,767	326,264	220
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES:
Accounts payable
75,063	70,170	78,559	114,394	158,475	89,360	-	-	-	86,582	-	-	-	-
Accrued expenses and other current liabilities
18,492	40,481	29,453	22,167	25,766	17,044	-	-	-	12,157	-	-	-	-
Notes payable
6,025	8,068	7,250	-	-	4,560	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	1,751	390	128	-	187	91	94	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	207	-	-
Due to affiliate
-	-	-	-	-	-	90	90	50	-	71	75	-	0
Franchise taxes payable
-	-	-	-	-	-	33	-	13	-	-	100	-	-
Notes payable
-	-	-	173	2,381	-	-	-	-	1,446	0	0	0	200
Current portion of long-term equipment financing
2,755	5,564	7,886	10,227	12,390	3,263	-	-	-	22,767	-	-	-	-
Current portion of long-term capital lease obligation
9,081	10,474	13,286	15,935	18,521	25,338	-	-	-	9,551	-	-	-	-
Current portion of long-term debt
-	6,250	5,000	3,750	-	900	-	-	-	-	-	-	-	-
Current portion of long-term debt to related party
-	-	-	-	-	-	-	-	-	6,839	-	-	-	-
Income taxes payable
-	-	-	-	-	-	7	0	0	-	-	-	-	0
Total current liabilities
111,416	141,007	141,434	166,646	217,533	140,465	1,881	480	191	139,342	258	474	94	200
Notes payable, less current portion
-	-	1,867	-	-	-	-	-	-	-	-	-	-	-
Long-term equipment financing
12,002	10,501	11,926	13,272	37,550	8,304	-	-	-	4,314	-	-	-	-
Long-term capital lease obligation
-	-	1,330	2,786	4,210	-	-	-	-	9,490	-	-	-	-
Long-term debt
285,752	274,391	275,154	275,791	135,366	91,112	-	-	-	-	-	-	-	-
Other long-term liabilities
920	215	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-	166	116	-	-	-	-	-	-	-	-	-	-
Long-term debt to related party
-	-	-	-	-	-	-	-	-	210,187	-	-	-	-
Deferred underwriting commissions
-	-	-	-	-	-	10,250	10,250	10,250	-	10,250	10,250	10,250	0
TOTAL LIABILITIES
410,090	426,114	431,877	458,611	394,659	239,881	12,131	10,730	10,441	363,333	10,508	10,724	10,344	200
MEZZANINE EQUITY
Series A Redeemable Convertible Preferred Stock, par value $0.0001 per share; 55,000 shares authorized, issued and outstanding as of March 31, 2020 and December 31, 2019; aggregate liquidation preference of $60,801 and $59,050 as of March 31, 2020 and December 31, 2019, respectively
46,928	38,928	-	-	-	-	-	-	-	-	-	-	-	-
Class A common stock subject to possible redemption; $0.0001 par value; 31,259,111 and 31,170,308 shares as of September 30, 2018 and December 31, 2017, respectively (at redemption value of $10.00 per share)
-	-	-	-	-	-	312,591	313,035	312,379	-	311,328	311,042	310,920	0
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued or outstanding
-	-	-	-	-	-	0	0	0	-	0	0	0	0
Additional paid in capital
242,143	248,302	232,080	236,398	206,008	204,928	3,358	2,914	3,569	-	4,621	4,906	5,029	24
Member's interest
-	-	-	-	-	-	-	-	-	137,885	-	-	-	-
Member's accumulated deficit
-	-	-	-	-	-	-	-	-	93,622	-	-	-	-
Accumulated deficit
-283,568	-111,201	-78,008	-61,039	-39,560	-17,383	1,640	2,084	1,429	-	377	92	-30	-5
Total stockholders' equity (deficit) attributable to U.S. Well Services, Inc.
-41,419	137,107	154,078	175,365	166,454	187,551	5,000	5,000	5,000	44,263	5,000	5,000	5,000	20
Noncontrolling interest
-	10,633	38,077	41,914	46,901	52,798	-	-	-	-	-	-	-	-
Total Stockholders' Equity (Deficit)
-41,419	147,740	192,155	217,279	213,355	240,349	-	-	-	44,263	-	-	-	-
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY
415,599	612,782	656,000	701,782	608,014	480,230	329,722	328,765	327,821	407,596	326,836	326,767	326,264	220
Series A Convertible Redeemable Preferred Stock [Member]
Series A Convertible Redeemable Preferred Stock, par value $0.0001 per share; 55,000 shares authorized, issued and outstanding as of December 31, 2019; aggregate liquidation preference of $59,050 as of December 31, 2019
-	-	31,968	25,892	-	-	-	-	-	-	-	-	-	-
Common Class A [Member]
Class A Common Stock, par value of $0.0001 per share; 400,000,000 shares authorized; 62,355,657 shares and 62,857,624 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
5	5	5	5	5	5	-	-	-	-	-	-	-	-
Total Stockholders' Equity (Deficit)
5	5	5	5	5	5	-	-	-	-	-	-	-	-
Common Class B [Member]
Class A Common Stock, par value of $0.0001 per share; 400,000,000 shares authorized; 62,355,657 shares and 62,857,624 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
1	1	1	1	1	1	-	-	-	-	-	-	-	-
Total Stockholders' Equity (Deficit)
1	1	1	1	1	1	-	-	-	-	-	-	-	-