Virnetx holding corp (VHC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income (loss)

299,945

-4,486

-4,956

-4,130

-5,608

-6,417

-4,934

-6,450

-7,605

-6,034

-3,553

-3,797

-3,894

-7,234

-7,387

-5,338

-8,610

-7,736

-6,097

-9,546

-5,855

7,325

-4,469

-6,671

-6,087

-7,554

-5,132

-7,031

-7,891

-7,235

-4,718

-10,264

-4,707

-6,214

5,879

-9,806

-7,122

Adjustments to reconcile income (loss) to net cash from operating activities:
Depreciation

1

3

0

2

2

4

4

4

6

5

6

6

9

6

7

9

6

7

6

6

7

7

6

7

5

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,692

-

2,221

1,903

1,828

2,109

2,110

1,759

1,585

2,085

1,737

1,467

873

1,263

1,248

1,213

643

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

7

6

17

17

18

19

17

23

15

15

15

Amortization of warrant issuance costs during the period.

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

60

-30

30

31

30

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

778

999

999

928

785

1,029

1,018

1,121

887

1,206

1,065

882

833

1,419

1,423

1,322

1,234

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in value of derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-117

112

1,817

-529

838

170

-48

-120

1,606

-357

1,409

-2,248

269

-1,961

8,555

-7,059

-5,130

Changes in assets and liabilities:
Accounts receivables

0

-1

-2

0

2

2

2

-4

6

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

281

-88

-250

-237

201

-169

-169

-117

197

-198

-197

-172

185

-213

-224

-122

108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax benefit

8,722

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,555

-399

-197

-7

-10,360

1,091

281

3,325

Other liabilities

-153

-

-

-

31

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-118

-41

528

-

-

-

-

-

-

-

-

Prepaid expense - non-current

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Accounts payable

3,274

-

-

-

229

-

-

-

3,331

-

-

-

-1,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

The increase (decrease) in accrued licensing costs during the reporting period.

90,101

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party payable

-

-

-

-

-

-

-

-

258

-

-

-

0

-94

73

21

-11

11

0

0

-81

81

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

-

-

-

4,024

-

-

-

-

-

-118

-97

356

-

0

-216

216

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,337

-2,431

1,643

-

627

-555

-2,248

1,125

281

-863

1,263

-88

-25

-2,266

930

1,211

-3,273

1,503

2,529

215

142

366

-15

Accrued payroll and related expenses

-64

-52

31

85

-54

26

41

47

-1,970

1,965

33

69

-1,372

1,522

13

80

-1,383

1,207

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax liability

41,481

0

0

-395

-1

-2

-1

1

5

-1

-1

-6

5

-4

0

0

0

0

5

0

-13

13

0

0

0

-

-

-

-

-

-

-

-

430

0

6,365

-13,723

Deferred revenue

-

-

-

-

-

-

-

-

2

-375

-375

-375

-375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

131

167

3

Prepaid taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,193

3,933

-7,372

2,180

436

2,535

7,488

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,125

-375

-375

-375

2,125

-375

-375

-375

2,208

-250

-250

-249

916

0

0

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,634

-

-8,175

-6,615

-6,964

16,603

-1,343

-5,190

-8,103

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

426,360

-3,172

-2,954

-4,135

-4,819

-4,539

-6,275

-6,195

-5,289

-3,424

-2,130

-3,256

-6,134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,493

-

-11,061

2,639

-4,086

-1,494

-2,846

-1,946

-11,966

Cash flows from investing activities:
Purchase of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

9

3

2

6

0

0

4

18

11

6

0

0

0

3

4

11

0

16

10

39

12

0

0

Purchase of investments

200

465

1,928

1,108

2,283

1,660

506

642

282

190

0

756

0

2,639

2,693

2,443

2,752

4,439

1,313

1,989

2,932

33,572

5,341

3,204

3,383

23,609

56,120

11

12,989

13,906

11,837

9,619

23,980

3,057

6,020

14,781

10,224

Proceeds from sale or maturity of investments

1,261

689

2,080

1,369

1,054

501

584

481

1,154

1,403

1,578

2,644

3,116

2,625

1,745

2,754

4,116

5,278

5,550

8,358

4,101

26,937

6,365

3,763

5,701

27,118

46,150

7,709

18,385

19,516

5,575

3,747

18,461

3,230

4,281

25,218

30,372

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,362

-

4,237

6,369

1,165

-6,653

1,013

553

2,318

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

1,061

210

152

261

-1,229

-1,159

78

-161

872

1,213

1,578

1,888

3,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,392

-

-6,262

-5,888

-5,529

134

-1,751

10,437

20,148

Cash flows from financing activities:
Proceeds from exercise of options

768

0

0

0

816

135

0

0

0

-

-

-

-

0

0

0

20

0

165

0

0

210

0

0

68

141

-2

14

17

-

-

-

90

223

670

175

0

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

431

0

9

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock

4,488

3,623

1,219

2,849

2,848

1,779

13,634

4,809

6,830

3,677

0

0

0

4,570

883

6,948

6,795

2,557

719

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on payroll taxes on cashless exercise of RSUs

-

-

-

-

-

1

9

29

4

0

13

29

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,815

-

884

0

431

210

9

0

68

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

543

-

-3,054

-246

-5,368

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

1,496

832

736

Net cash provided by financing activities

5,256

3,525

1,219

2,802

3,664

1,913

13,625

4,780

6,826

3,699

-13

-29

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

-

216

1,241

90

222

2,166

1,007

736

Net increase (decrease) in cash and cash equivalents

432,677

563

-1,583

-1,072

-2,384

-3,785

7,428

-1,576

2,409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

1,488

-565

-1,397

-3,018

-

-

-

-

-

-

-

-

-

-

-

-5,717

-

-11,930

15,301

-2,084

-1,181

-17,107

-2,008

-9,525

-1,138

-2,431

9,498

8,918

Cash paid for income taxes

0

-

-

-

2

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

9,600

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

ASC 606 [Member]
Value of deferred revenue reclassified to retained earnings in noncash transactions.

-

-

-

-

-

0

0

0

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-