VirnetX Holding Corp VHC Balance Sheet

Virnetx holding corp (VHC)

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
435,812	3,135	2,572	4,155	5,227	7,611	11,396	3,968	5,544	3,135	1,647	2,212	3,609	6,627	8,527	9,915	9,269	8,726	9,990	13,044	13,290	18,658	8,498	8,819	13,456	19,173	20,948	32,878	17,577	19,661	20,842	37,949	39,957	49,482	50,620	53,051	34,635
Investments available for sale
1,336	2,394	2,621	2,772	3,033	1,803	645	724	583	1,453	2,665	4,240	6,129	9,249	9,243	8,297	8,599	9,954	10,801	15,038	21,410	22,571	15,939	16,917	17,486	19,815	23,319	13,382	21,091	26,493	32,078	25,803	19,935	14,438	-	-	-
Investments available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,611	12,848	43,457
Accounts receivable
5	5	6	8	8	6	4	2	6	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3
Prepaid taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	14,963	14,963	8,770	5,267	12,639	10,459	10,023	7,488	0
Prepaid expenses and other current assets
628	237	315	454	599	718	791	864	870	591	692	793	868	588	706	833	919	685	820	954	-	653	-	-	-	357	483	601	642	114	232	350	447	91	-	-	-
Prepaid expenses - current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	957	-	759	889	781	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,735
Current deferred tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	0	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	391	260	86
Total current assets
437,781	5,771	5,514	7,389	8,867	10,138	12,836	5,558	7,003	5,179	5,004	7,245	10,606	16,464	18,476	19,045	18,787	19,365	21,611	29,036	35,657	41,882	25,196	26,625	31,723	39,345	44,750	46,861	54,273	61,231	61,922	69,369	72,978	74,470	75,647	73,647	79,916
Prepaid expenses and other assets
1,601	1,711	-	-	-	1,604	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	1,721	1,832	1,924	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses, non-current
-	-	-	-	-	-	1,700	1,796	1,907	1,989	2,086	2,182	2,279	2,374	2,470	2,567	2,663	2,759	2,855	2,951	3,048	3,144	3,240	3,337	3,600	0	-	-	-	-	-	-	-	-	-	-	-
Property and equipment, net
15	16	5	5	7	9	13	17	1	7	12	18	24	33	40	38	44	48	49	55	62	64	52	48	47	53	59	65	68	70	64	70	61	56	28	19	25
Deferred tax benefit
8,722	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12	24	36	48	60	-72	-84	108
Deferred tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63	58	40	47	29	54	1,645
Total assets
448,119	7,498	7,240	9,226	10,798	11,751	14,549	7,371	8,911	7,175	7,102	9,445	12,909	18,871	20,986	21,650	21,494	22,172	24,515	32,042	38,767	45,090	28,488	30,010	35,370	39,398	44,809	46,926	54,341	61,313	62,073	69,533	73,127	74,633	75,776	73,804	81,694
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities
4,620	1,346	1,168	448	1,279	1,050	396	2,966	3,745	414	802	444	651	1,806	2,832	1,495	3,926	2,283	1,378	751	1,306	3,327	2,429	2,148	3,011	1,748	1,836	1,861	4,127	3,197	1,986	5,689	3,756	1,227	1,012	870	519
Carrying value as of the balance sheet date of costs incurred and are directly related to generating license revenue. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark.
90,101	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party payable
-	-	-	-	-	-	-	-	258	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued payroll and related expenses
223	287	292	261	223	277	251	219	201	2,175	210	190	150	1,522	0	0	0	1,383	-	-	-	227	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities, current
53	193	140	140	171	140	-	-	-	0	140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Royalty payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	884	-	-	-	1,029	7,989	6,100	6,100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Related-party payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	94	21	0	11	0	0	0	81	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Income tax liability
41,481	0	0	0	395	396	398	399	398	393	394	395	401	396	400	400	400	400	400	395	395	408	395	395	395	395	-	-	-	0	0	0	430	430	0	0	7,358
Deferred revenue, current portion
-	-	-	-	-	-	0	0	2	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue, current portion
-	-	-	-	-	-	-	-	-	-	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,250	1,500	1,500	1,375	-	-	667	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167	417	-	916	-	-	0	-	-	-	-	-	-	-
Derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	320	431	2,255	1,726	2,564	2,734	2,686	2,566	4,172	3,854	5,263	4,430	4,699	-	-	-
Derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,739	16,880	14,364
Total current liabilities
136,478	1,826	1,600	849	2,068	1,863	1,045	3,584	4,604	4,482	3,046	2,529	2,702	5,224	5,710	3,416	5,826	5,577	4,307	10,385	9,301	11,963	4,630	4,965	5,549	5,374	5,486	4,547	6,693	7,369	5,840	10,952	8,616	6,356	3,751	17,750	22,241
Deferred revenue, non-current portion
-	-	-	-	-	-	0	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue, non-current portion
-	-	-	-	-	-	-	-	-	-	1,375	1,750	2,125	2,500	2,875	750	1,125	1,500	1,875	0	125	500	1,000	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
31	44	-	-	0	0	140	140	140	140	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
136,509	1,870	-	-	2,068	1,863	1,185	3,724	4,744	5,622	4,421	4,279	4,827	7,724	-	-	-	7,077	6,182	10,385	9,426	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commitments and contingencies (Note 4)
-	-	-	-	-	-	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 $0.0001 per share Authorized: 10,000,000 shares at March 31, 2020 and December 31, 2019, Issued and outstanding: 0 shares at March 31, 2020 and December 31, 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	0	0	0	0	0	0	0
Common stock, par value $0.0001 per share Authorized: 100,000,000 shares at March 31, 2020 and December 31, 2019, Issued and outstanding: 70,838,177 shares and 69,586,764 shares, at March 31, 2020 and December 31, 2019, respectively
7	7	7	7	7	7	7	6	6	6	6	6	6	6	6	6	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Additional paid-in capital
229,271	223,237	218,761	216,543	212,766	208,317	205,375	190,724	184,793	177,076	172,171	171,106	170,224	169,391	163,402	161,097	152,827	144,778	140,271	137,499	135,632	133,072	130,625	128,388	126,484	124,589	122,337	120,229	118,458	116,856	111,935	109,573	105,239	104,277	101,809	91,740	78,187
Retained earnings (Accumulated deficit)
82,343	-217,602	-213,116	-208,160	-204,030	-198,422	-192,004	-187,070	-180,620	-175,516	-169,482	-165,929	-162,131	-158,238	-151,004	-143,617	-138,279	-129,669	-121,933	-115,836	-106,289	-100,435	-107,760	-103,291	-96,620	-90,533	-82,980	-77,847	-70,815	-62,925	-55,694	-50,976	-40,711	-36,001	-29,758	-35,667	-17,755
Accumulated other comprehensive loss
-11	-14	-12	-13	-13	-14	-14	-13	-12	-13	-14	-17	-17	-12	-3	-2	-10	-19	-10	-11	-7	-15	-12	-57	-48	-37	-39	-8	0	8	-13	-21	-22	-4	-31	-24	-984
Total stockholders' equity
311,610	5,628	5,640	8,377	8,730	9,888	13,364	3,647	4,167	1,553	2,681	5,166	8,082	11,147	12,401	17,484	14,543	15,095	18,333	21,657	29,341	32,627	22,858	25,045	29,821	34,024	39,323	42,379	47,648	53,944	56,233	58,581	64,511	68,277	72,025	56,054	59,453
Total liabilities and stockholders' equity
448,119	7,498	7,240	9,226	10,798	11,751	14,549	7,371	8,911	7,175	7,102	9,445	12,909	18,871	20,986	21,650	21,494	22,172	24,515	32,042	38,767	45,090	28,488	30,010	35,370	39,398	44,809	46,926	54,341	61,313	62,073	69,533	73,127	74,633	75,776	73,804	81,694