Vislink technologies, inc. (XGTI)
Balance Sheet / TTM
Dec'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'13Dec'12
ASSETS
Current assets
Cash

1,737

505

416

324

2,005

1,209

2,185

455

2,799

4,713

4,656

4,718

9,054

1,832

154

484

368

1,141

156

221

758

1,889

4,960

686

5,517

2,558

25

271

Inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,878

-

1,038

453

0

Accounts receivable, net

6,714

4,802

5,637

5,531

6,191

5,238

5,357

6,652

8,337

7,619

10,393

11,741

1,369

1,667

1,148

1,210

641

1,153

966

557

702

949

996

886

788

-

-

0

Cash, restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

-

-

-

-

-

-

-

-

Inventories, net

7,674

12,788

12,737

12,716

13,050

14,217

16,016

16,192

14,753

19,049

18,669

16,652

2,722

3,042

3,516

3,196

777

3,541

3,559

3,758

4,070

4,286

4,202

-

2,916

-

-

-

Prepaid expenses and other current assets

660

949

916

875

780

1,087

704

875

626

2,077

1,879

1,417

111

76

137

117

15

144

236

336

411

482

65

74

49

30

640

16

Due from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,350

-

-

0

Total current assets

16,785

19,044

19,706

19,446

22,026

21,751

24,262

24,174

26,515

33,458

35,597

34,528

13,256

6,617

4,955

5,007

1,801

5,979

4,917

5,472

5,941

7,606

10,223

5,524

10,620

3,626

1,118

287

Right of use assets, operating leases

1,925

2,045

2,427

2,665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

-

-

-

-

-

-

-

-

-

-

-

-

-

2,078

2,078

2,078

2,078

-

-

-

0

-

-

-

-

-

-

-

Property and equipment, net

1,972

2,056

2,051

1,957

2,096

2,448

2,744

2,926

3,237

3,746

4,172

2,128

771

1,166

1,498

855

792

789

820

882

816

746

806

839

806

1,569

1,560

1,725

Intangible assets, net

2,922

3,368

3,813

4,255

4,691

-

-

-

6,894

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

5,136

5,577

6,317

-

7,566

8,236

11,112

5,872

9,603

10,522

11,121

11,903

15,409

15,757

16,111

16,382

16,612

16,968

17,492

18,196

19,022

18,622

17,608

Total assets

23,604

26,513

27,997

28,323

28,813

29,335

32,583

33,417

36,646

44,770

48,005

47,768

19,899

19,464

19,053

19,061

16,574

22,177

21,494

22,465

23,139

24,964

27,997

23,855

29,622

24,217

21,300

19,620

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable

6,784

6,894

7,491

5,985

7,072

7,077

8,084

10,451

10,918

9,092

10,366

9,698

1,606

1,836

1,948

1,493

1,196

1,354

1,615

1,393

868

688

795

1,190

1,841

978

2,165

655

Accrued expenses

1,912

2,291

3,650

2,442

2,112

2,440

2,945

3,556

3,150

2,566

4,183

6,073

2,082

1,688

693

766

252

399

398

731

511

910

1,005

788

772

1,195

1,170

754

Notes payable

339

231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and customer deposits

-

-

-

-

-

1,963

1,642

915

-

168

189

145

186

215

182

294

149

228

188

0

480

-

-

-

480

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

47

103

141

-

-

-

-

-

-

-

-

-

-

-

-

Payment to IMT (see Note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

-

-

-

-

-

-

-

-

-

-

-

-

Convertible promissory notes, net of discount of $-0- and $16, respectively

-

-

-

-

400

-

-

-

-

-

-

-

0

0

335

0

781

-

-

-

0

-

-

-

-

-

1,577

-

Convertible notes payable

-

-

-

-

-

2,000

3,492

-

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible promissory notes, net of discount of $-0- and $16, respectively

-

-

10

321

-

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations, current

821

820

1,444

1,029

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued bonuses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

78

130

298

2,633

2,633

2,633

Accrued interest

-

-

-

-

-

-

-

-

-

87

132

87

-

164

270

180

137

158

42

87

42

87

42

87

42

-

-

42

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

-

-

-

-

-

-

-

-

Due to related parties

505

503

364

276

361

586

691

943

998

1,368

1,633

801

96

27

392

466

324

893

934

264

2,110

981

1,131

-

1,526

-

-

-

Customer deposits and deferred revenue

2,821

2,490

2,198

1,521

1,574

-

-

-

634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible bridge loan payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,471

-

Short-term 8% convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

931

1,167

-

-

-

-

-

-

0

0

17,198

Accrued interest and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79

-

Accrued interest to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87

946

1,127

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,281

-

1,326

2,316

1,098

Deferred revenue - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

480

480

480

-

-

-

0

Obligation under capital lease

-

-

-

-

-

0

10

10

18

30

43

54

58

54

54

54

54

74

105

135

123

129

129

129

129

-

-

0

Derivative liabilities

30

140

445

1,192

1,118

1,801

2,533

662

2,399

1,365

1,373

1,400

1,183

2,423

1,222

938

1,284

1,389

320

520

270

-

-

-

0

-

-

-

Total current liabilities

13,212

13,369

15,602

12,766

12,637

16,367

21,397

18,537

20,117

14,676

17,919

18,258

5,211

6,454

5,199

4,832

4,177

5,426

4,769

3,180

4,404

3,275

3,660

4,085

5,088

6,219

17,357

23,507

Operating lease obligations, net of current portion

1,163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment to IMT, net of current portion (see Note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

-

-

-

-

-

-

-

-

-

-

-

-

Convertible promissory notes, net of discount of $-0- and $47, respectively

-

-

5,803

5,902

5,886

3,132

2,000

2,000

-

2,000

2,000

2,000

2,000

2,000

2,000

2,000

2,000

-

-

-

2,000

-

-

-

-

-

-

-

Operating lease obligations, net of current portion

-

1,234

1,038

1,712

-

0

24

27

30

34

36

39

49

67

81

94

106

63

73

83

0

25

56

87

118

-

-

0

Convertible note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

2,000

2,000

-

2,000

2,000

2,000

2,000

2,000

2,000

2,000

Total liabilities

14,375

14,603

22,443

20,380

18,523

19,499

21,421

18,564

20,147

16,710

19,955

20,297

7,260

8,521

7,280

9,426

6,283

7,489

6,842

5,263

6,404

5,300

5,716

6,172

7,206

8,219

19,357

25,507

Commitments and contingencies (See Note 15)

-

-

-

-

-

-

0

0

-

0

0

0

0

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

Convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Total convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,151

-

0

0

999

378

-

-

-

0

-

-

-

Stockholders' equity
Preferred stock - $0.00001 par value per share: 10,000,000 shares authorized at December 31, 2019 and 2018; -0- shares issued and outstanding as of December 31, 2019 and 2018

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, - $0.00001 par value per share, 100,000,000 shares authorized, 21,567,287 and 1,877,698 shares issued and 21,551,333 and 1,877,697 outstanding at December 31, 2019 and 2018, respectively

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid in capital

261,871

258,015

-

-

244,562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid in capital

-

-

246,490

245,338

-

241,124

240,220

238,052

235,819

235,190

229,772

228,517

221,960

211,112

206,837

200,966

198,710

195,805

192,708

190,302

186,919

185,212

183,548

174,420

174,000

163,809

133,828

118,247

Accumulated other comprehensive income

207

357

276

242

275

305

328

437

354

462

348

-17

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, at cost - 15,954 and 1 shares as of December 31, 2019 and 2018, respectively

277

277

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

Series D Preferred Stock Issuable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-252,572

-246,185

-241,190

-237,615

-234,525

-231,571

-229,364

-223,614

-219,652

-207,570

-202,048

201,000

-209,299

-200,147

-197,042

-192,460

-188,397

-181,095

-178,034

-174,077

-170,540

-165,526

-161,245

-156,715

-151,562

-147,789

-131,863

-124,112

Total stockholders' equity

9,229

11,910

5,554

7,943

10,290

9,836

11,162

14,853

16,499

28,060

28,050

27,471

12,639

10,943

11,773

8,484

10,291

14,688

14,652

16,203

16,357

19,664

22,281

17,683

22,416

15,998

1,943

-5,887

Total liabilities and stockholders' equity

23,604

26,513

27,997

28,323

28,813

29,335

32,583

33,417

36,646

44,770

48,005

47,768

19,899

19,464

19,053

19,061

16,574

22,177

21,494

22,465

23,139

24,964

27,997

23,855

29,622

24,217

21,300

19,620