Xtant medical holdings, inc. (XTNT)
Balance Sheet / TTM
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'11Dec'10
ASSETS
Current Assets:
Cash and cash equivalents

3,239

5,237

5,749

7,318

7,097

6,797

5,064

6,049

6,172

2,856

2,069

1,664

2,486

2,578

1,408

2,217

4,668

6,368

7,970

2,026

2,899

4,468

6,953

2,989

4,768

3,046

3,437

5,135

2,119

4,926

8,615

1,213

1,363

751

1,814

1,402

327

Trade accounts receivable, net of allowance for credit losses of $668 and doubtful accounts of $500, respectively

9,743

10,124

9,121

8,565

9,493

9,990

9,869

10,404

10,340

12,714

13,909

15,847

16,320

18,991

15,826

14,724

14,923

15,385

13,318

5,574

5,495

4,427

4,294

4,898

5,528

4,793

4,633

6,226

7,164

7,154

7,184

6,582

7,603

7,083

6,429

5,493

3,522

Accounts receivable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

675

666

613

Inventories

18,044

16,101

16,025

15,828

16,526

17,301

22,187

22,446

22,512

22,423

24,038

24,932

26,359

26,266

26,499

25,510

24,203

22,684

22,042

9,392

9,710

9,558

11,139

10,517

10,498

10,753

13,228

13,803

13,608

13,141

13,409

12,301

10,410

8,479

7,711

6,424

5,440

Prepaid and other current assets

1,084

784

714

592

464

589

738

801

1,107

1,706

664

831

1,651

1,149

2,034

1,279

858

601

1,039

1,033

885

654

808

1,010

981

574

486

667

742

353

630

586

421

289

410

480

572

Total current assets

32,110

32,246

31,609

32,303

33,580

34,677

37,858

39,700

40,131

39,699

40,681

43,275

46,817

48,986

45,767

43,731

44,654

45,039

44,370

18,026

18,991

19,108

23,195

19,415

21,777

19,168

21,785

25,833

23,634

25,574

29,840

20,684

19,799

16,603

17,041

14,466

10,475

Non-current inventories, net

-

-

-

-

-

-

0

0

138

-

717

641

440

971

1,271

1,475

1,439

1,607

1,681

1,839

1,787

1,934

1,635

1,827

2,069

2,119

1,238

1,238

1,238

1,238

1,083

1,042

968

920

1,069

1,188

1,439

Property and equipment, net

4,303

4,695

5,068

5,600

6,382

7,174

8,069

8,928

9,331

9,913

11,450

13,419

14,602

15,840

16,012

15,618

13,773

11,816

11,433

4,430

4,503

4,654

4,767

4,888

5,013

5,180

5,320

5,458

5,526

5,234

4,883

4,450

4,095

3,774

3,477

3,394

3,397

Right-of-use asset, net

1,999

2,100

2,198

2,296

2,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

3,205

3,205

3,205

3,205

3,205

3,205

41,535

41,535

41,535

41,535

41,534

41,534

41,534

41,534

41,534

41,534

41,534

41,534

23,997

-

-

0

-

-

-

-

728

728

728

728

728

728

728

728

728

-

-

Intangible assets, net

500

515

529

544

558

573

11,248

12,106

12,977

13,826

32,548

33,672

34,800

35,940

37,021

38,123

39,219

40,237

42,223

609

621

655

649

625

616

586

563

564

577

592

586

617

637

656

668

445

355

Note receivable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

82

Other assets

434

394

428

549

772

793

560

516

670

732

1,523

1,133

874

827

841

822

770

791

2,520

1,446

1,502

1,598

1,566

1,660

1,755

1,821

1,401

1,295

1,039

1,126

1,324

930

481

486

421

176

13

Total Assets

42,551

43,155

43,037

44,497

47,065

46,422

99,270

102,785

104,782

105,705

128,456

133,676

139,070

144,101

142,448

141,305

141,391

141,027

126,226

26,352

27,404

27,950

31,813

28,417

31,233

28,877

31,038

35,119

32,746

34,495

38,446

28,453

26,710

23,169

23,407

19,754

15,763

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Accounts payable

3,609

2,188

2,249

3,194

6,036

6,465

5,918

7,526

7,528

9,316

7,350

8,446

8,896

10,471

12,889

12,787

12,389

9,386

7,485

4,577

4,412

3,876

3,893

4,249

4,249

2,767

3,225

4,245

3,981

3,997

4,055

3,605

3,864

2,654

2,209

2,479

2,260

Accounts payable - related party

-

-

-

-

-

-

0

-

-

160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable - related party (note 13)

-

-

-

-

-

-

-

0

63

-

344

291

472

640

1,060

1,658

2,138

1,406

1,035

293

327

250

406

206

610

647

555

478

290

418

429

567

616

513

423

-

573

Revolving line of credit

-

-

-

-

-

-

-

-

-

-

0

0

10,293

10,448

8,353

5,480

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

5,910

6,625

6,196

5,867

4,429

5,150

3,976

4,310

3,852

15,845

13,425

11,627

8,815

8,982

5,623

4,912

9,993

9,595

6,716

2,399

2,645

1,921

1,947

2,048

2,539

3,585

1,814

2,391

2,831

2,400

2,250

2,409

2,548

3,762

2,546

1,580

1,391

Warrant derivative liability

1

7

17

21

25

10

48

90

169

131

196

177

163

333

333

554

1,031

1,050

1,399

1,796

1,782

1,320

2,018

2,209

3,080

1,594

2,223

1,374

349

984

951

825

2,126

2,344

1,250

1,495

9,690

Current portion of lease liability

401

394

387

511

374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of financing lease obligations

138

176

-

-

-

426

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of financing lease obligations

-

-

229

337

388

-

478

469

383

366

319

302

259

244

209

203

30

35

47

42

30

61

109

146

170

171

165

160

154

149

175

87

84

33

9

22

30

Debt, less issuance costs

-

-

-

-

-

-

-

-

-

-

65,609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of royalty liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,169

1,109

1,000

951

902

853

836

820

804

788

698

845

-

-

0

-

-

-

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

52

51

50

49

49

48

47

47

46

45

45

44

4,258

2,269

1,632

1,102

907

234

Total current liabilities

10,059

9,390

9,078

9,930

11,252

12,051

10,420

12,395

11,995

25,818

87,245

20,845

28,900

31,121

28,469

25,596

25,583

21,474

16,737

10,331

10,360

8,482

9,376

9,812

11,551

9,651

8,851

9,500

8,440

8,694

8,752

11,755

11,509

10,940

7,542

6,486

14,179

Long-term Liabilities:
Lease liability, less current portion

1,623

1,726

1,827

1,796

2,194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligation, less current portion

-

-

-

-

-

204

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing lease obligation, less current portion

-

-

6

16

138

-

251

353

526

624

658

747

754

832

720

757

4

7

18

37

6

11

9

16

34

73

119

162

205

245

335

191

196

89

35

23

13

Long-term convertible debt, less issuance costs

-

-

-

-

-

-

-

-

0

-

70,781

70,708

70,636

68,937

-

-

-

66,436

0

6,139

6,228

6,361

6,425

6,499

6,575

6,609

6,639

6,677

6,723

6,839

6,546

-

-

0

-

-

-

Long-term convertible debt, less issuance costs

-

-

-

-

-

-

0

0

76,651

70,853

0

63,285

51,069

50,284

68,864

68,792

66,507

44,231

68,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less issuance costs

77,345

76,244

74,985

73,831

72,657

77,939

75,944

79,429

-

67,109

-

-

-

-

49,493

46,655

45,934

-

44,301

21,691

21,281

20,870

20,459

20,048

19,636

16,385

16,064

15,342

14,719

14,483

14,221

6,362

6,017

6,638

7,144

4,278

2,189

Total Liabilities

89,027

87,360

85,896

85,573

86,241

90,194

86,615

92,177

89,172

164,404

158,685

155,586

151,362

151,174

147,547

141,802

138,029

132,150

129,057

38,200

37,876

35,725

36,270

36,375

37,798

32,719

31,674

31,683

30,088

30,263

29,855

18,309

17,724

17,668

14,722

10,787

16,382

Commitments and Contingencies (note 11)

-

-

-

-

-

-

-

-

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

Stockholders' Equity (Deficit):
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; no shares issued and outstanding

-

-

-

-

-

-

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, $0.000001 par value; 75,000,000 shares authorized; 13,223,565 shares issued and outstanding as of March 31, 2020 and 13,161,762 shares issued and outstanding as of 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

Additional paid-in capital

-

-

178,802

178,707

178,668

-

171,008

165,809

165,808

86,247

86,297

86,101

86,026

85,461

82,898

82,603

81,998

81,917

81,798

66,091

64,572

63,091

63,107

58,441

57,933

56,516

55,558

55,253

51,992

51,897

51,378

50,411

-

45,452

-

-

-

Additional paid-in capital

179,330

179,061

-

-

-

171,273

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,984

-

44,283

41,400

36,325

Accumulated deficit

-225,806

-223,266

-221,661

-219,783

-217,844

-215,045

-158,353

-155,521

-150,198

-144,946

-116,526

-108,011

-98,319

-92,534

-87,997

-83,099

-78,637

-73,040

-84,629

-77,940

-75,044

-70,866

-67,565

-66,399

-64,498

-60,358

-56,194

-51,817

-49,334

-47,665

-42,787

-40,268

-40,998

-39,951

-35,598

-32,433

-36,945

Total Stockholders' Equity (Deficit)

-46,476

-44,205

-42,859

-41,076

-39,176

-43,772

12,655

10,608

15,610

-58,699

-30,228

-21,910

-12,292

-7,073

-5,098

-496

3,361

8,876

-2,831

-11,848

-10,471

-7,774

-4,457

-7,958

-6,565

-3,842

-636

3,435

2,657

4,232

8,591

10,143

8,985

5,501

8,685

8,966

-619

Total Liabilities & Stockholders' Equity (Deficit)

42,551

43,155

43,037

44,497

47,065

46,422

99,270

102,785

104,782

105,705

128,456

133,676

139,070

144,101

142,448

141,305

141,391

141,027

126,226

26,352

27,404

27,950

31,813

28,417

31,233

28,877

31,038

35,119

32,746

34,495

38,446

28,453

26,710

23,169

23,407

19,754

15,763