Vaxart, Inc. VXRT Balance Sheet

Vaxart, inc. (VXRT)

Balance Sheet / TTM

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
Current assets:
Cash and cash equivalents
29,859	13,526	19,558	16,258	8,424	11,506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
-	-	-	-	-	-	17,922	23,921	17,495	1,571	19,600	17,700	11,800	38,100	45,900	49,700	30,600	39,000	45,300	44,700	61,500	63,700	57,700	81,700	80,100	51,400	60,800	66,800	70,265	74,111	66,322	53,800	94,875	94,310	92,948	86,618	53,564
Contract receivable (BARDA)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,900	7,400	16,300	17,800	-	-	-	10,900	-	-	-	-	-	-	-	-	-
Other accounts receivable, net of allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	500	900	-	-	-	100	-	-	-	-	-	-	-	-	-
Short-term investments
-	-	-	-	-	-	0	0	0	1,415	14,500	20,900	25,800	11,100	12,400	19,300	18,400	13,000	11,900	12,900	12,000	7,100	1,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
2,663	3,619	559	35	5,584	1,796	256	561	13,349	630	100	600	6,600	4,200	-	700	10,100	5,100	3,200	12,600	10,100	-	-	-	36,500	26,900	12,900	-	15,173	11,383	-	6,000	-	-	-	-	-
Marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,079	9,065	15,706	54,603
Receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128	995	891	726	1,030
Prepaid expenses and other current assets
1,143	453	1,137	814	1,242	1,343	989	1,021	1,052	137	300	700	2,200	2,800	3,900	2,700	1,400	1,500	800	600	900	1,000	500	700	900	1,000	1,300	2,200	1,847	2,495	188	1,400	216	497	873	1,873	829
Total current assets
33,665	17,598	21,254	17,107	15,250	14,645	19,167	25,503	31,896	3,753	34,500	39,900	46,400	56,200	62,800	72,400	60,500	58,600	61,200	70,800	87,400	86,200	76,100	101,100	117,500	79,300	75,000	80,000	87,285	87,989	66,510	61,200	95,219	97,881	103,777	104,923	110,026
Long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	5,200	9,100	7,900	900	5,800	18,800	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500
Property and equipment, net
191	210	1,469	1,517	1,559	1,066	1,059	1,034	1,014	730	200	200	300	300	300	300	400	400	200	200	300	1,100	1,600	2,000	2,800	3,100	3,500	4,300	4,173	4,454	-	4,900	17	84	274	295	597
Right-of-use assets, net
1,910	1,990	2,301	565	762	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net
16,660	17,093	17,526	17,959	18,634	19,413	20,410	21,222	23,627	40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	500	500	200	300	800	900	-	-	-	1,500	-	-	-	-	-	-	-	-	-
Intangible assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	300	500	-	818	1,312	-	1,800	-	-	-	-	-
Total non-current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,400	5,600	9,800	8,600	1,400	7,200	21,200	12,900	3,000	3,400	4,000	5,800	7,554	8,193	-	-	-	-	-	-	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,563	2,427	-	1,400	-	-	-	-	-
Other long-term assets
138	141	145	102	104	103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121	748
Total assets
52,564	37,032	42,695	37,250	36,309	35,227	40,636	47,759	56,537	4,523	34,700	40,100	46,700	56,500	63,100	72,700	61,900	64,200	71,000	79,400	88,800	93,400	97,300	114,000	120,500	82,700	79,000	85,800	94,839	96,182	66,510	69,300	95,236	97,965	104,051	105,339	113,871
Current liabilities:
Accounts payable
793	852	1,049	610	849	962	1,301	1,449	1,744	1,390	1,300	1,400	1,800	3,400	1,600	3,900	3,700	1,300	2,900	1,900	1,000	1,700	1,400	2,800	7,300	9,600	2,100	2,400	2,282	4,466	333	2,900	69	146	983	1,189	552
Current portion of secured promissory note payable to Oxford Finance
-	-	2,454	1,667	1,667	1,667	1,667	1,667	-	1,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of operating lease liability
855	841	820	565	697	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability related to sale of future royalties, current portion
1,513	2,916	3,228	3,150	3,610	3,328	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of secured promissory note payable to Oxford Finance
-	-	-	-	-	-	-	-	1,667	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract payable (BARDA)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,300	1,100	4,400	13,300	26,000	-	-	-	15,800	-	-	-	-	-	-	-	-	-
Short-term note payable
-	-	-	-	-	-	102	153	214	-	200	200	300	300	400	400	500	400	200	200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,736	-	1,020	1,918	4,564	5,615	7,377
Liability related to sale of future royalties, current portion
-	-	-	-	-	-	3,279	3,150	2,037	-	1,500	1,400	400	1,200	1,200	1,300	-	-	-	0	-	-	-	-	-	-	100	300	650	881	2,526	400	2,526	2,526	2,526	2,526	7,797
Other accrued liabilities
4,280	4,565	1,603	1,485	1,727	1,518	1,677	2,375	2,139	1,605	2,200	2,900	3,000	5,600	5,600	3,600	4,500	4,300	3,100	5,400	4,500	3,700	3,200	-	16,100	6,600	9,400	-	5,935	5,649	-	-	-	-	-	-	-
Accrued expenses and other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	-	-	-	3,900	-	-	-	6,100	-	-	-	-	-
Accrued severance obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	400	800	600	1,200	900	2,100	2,200	3,000	3,858	4,423	-	0	-	-	-	-	-
Deferred tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	500	500	200	300	800	900	-	-	-	1,500	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,714	1,526	-	100	-	-	-	-	-
Liabilities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,662	1,817	2,207	2,207
Total current liabilities
7,441	9,174	9,154	7,477	8,550	7,475	8,026	8,794	7,801	4,523	5,200	5,900	5,500	10,500	8,800	9,200	8,700	6,000	6,700	9,000	7,200	10,900	19,300	26,900	24,300	18,300	13,800	17,600	14,439	16,945	5,595	9,500	3,615	6,252	9,890	11,537	17,933
Operating lease liability, net of current portion
1,271	1,472	1,694	216	312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability related to sale of future royalties, net of current portion
12,541	13,416	12,926	12,519	13,291	14,413	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Secured promissory note payable to Oxford Finance, net of current portion
-	-	-	1,175	1,562	1,944	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible promissory notes, long-term, related parties
-	-	-	-	-	-	0	0	-	35,282	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability related to sale of future royalties, net of current portion
-	-	-	-	-	-	14,301	13,916	14,561	-	15,400	15,300	16,700	17,600	17,200	16,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	30,948	-	32,211	32,842	33,474	34,106	35,368
Convertible promissory notes, long-term, related parties
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Secured promissory note payable to Oxford Finance, net of current portion
-	-	-	-	-	-	2,321	2,696	-	3,440	100	100	100	200	300	300	300	500	700	800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Secured promissory note payable to Oxford Finance, net of current portion
-	-	-	-	-	-	-	-	3,069	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
18	18	18	18	18	157	-	-	-	-	100	100	200	200	200	200	200	200	100	100	100	100	100	200	200	200	300	200	296	275	-	500	-	-	-	-	-
Total non-current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	296	275	-	-	-	-	-	-	-
Total liabilities
21,271	24,080	23,792	21,405	23,733	23,989	24,648	25,406	25,431	43,245	20,800	21,400	22,500	28,500	26,500	26,500	9,200	6,700	7,500	9,900	7,300	11,000	19,400	27,100	24,500	18,500	14,100	17,800	14,735	17,220	36,543	10,000	35,826	39,094	43,364	45,643	53,301
Commitments and contingencies (Note 9)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders’ equity:
Preferred stock: $0.10 par value; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2020 and December 31, 2019
-	-	-	-	-	-	0	0	0	1	0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0
Common stock: $0.10 par value; 100,000,000 shares authorized; 72,004,720 and 48,254,994 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
7,200	4,825	4,622	1,579	834	714	714	714	714	-	3,900	3,900	3,900	3,900	3,900	3,900	3,900	3,900	3,900	3,900	3,500	3,500	3,500	3,500	3,500	2,800	2,800	2,800	3,422	3,422	6,357	100,400	6,357	6,359	6,358	6,355	6,321
Common stock-treasury
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	117,048	117,048	117,048	1,400	92,567	92,567	92,567	92,567	92,567
Additional paid-in capital
142,051	124,788	124,533	119,258	111,097	108,513	108,361	108,178	108,060	41,259	160,100	159,600	159,100	158,500	158,000	157,600	157,200	156,800	156,200	155,600	148,000	147,400	146,800	146,400	146,200	119,600	119,000	118,700	234,775	234,384	375,995	700	374,134	373,157	372,985	372,071	370,366
Accumulated other comprehensive income
-	-	-	-	-	-	-	-	-	-	19,000	19,000	19,000	19,000	19,000	19,000	18,900	18,900	18,900	18,900	-	-	-	26,800	-	-	-	-	-	-	-	-	-	-	-1	3	-3
Accumulated other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	21,700	24,300	-	25,900	24,600	25,600	25,300	31,053	30,517	-	29,500	-	-	-	-	-
Accumulated deficit
-117,958	-116,661	-110,252	-104,992	-99,355	-97,989	-93,087	-86,539	-77,668	-79,982	-169,100	-163,800	-157,800	-153,400	-144,300	-134,300	-127,300	-122,100	-115,500	-108,900	-89,000	-90,200	-96,700	-89,800	-79,600	-82,800	-82,500	-78,800	-72,098	-72,313	-235,337	-69,900	-228,514	-228,078	-226,088	-226,166	-223,547
Total stockholders’ equity
31,293	12,952	18,903	15,845	12,576	11,238	15,988	22,353	31,106	-38,722	13,900	18,700	24,200	28,000	36,600	46,200	52,700	57,500	63,500	69,500	81,500	82,400	77,900	86,900	96,000	64,200	64,900	68,000	80,104	78,962	29,967	59,300	59,410	58,871	60,687	59,696	60,570
Balances
31,293	12,952	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and stockholders’ equity
52,564	37,032	42,695	37,250	36,309	35,227	40,636	47,759	56,537	4,523	34,700	40,100	46,700	56,500	63,100	72,700	61,900	64,200	71,000	79,400	88,800	93,400	97,300	114,000	120,500	82,700	79,000	85,800	94,839	96,182	66,510	69,300	95,236	97,965	104,051	105,339	113,871