Boxlight Corporation (BOXL) financial statements (2020 and earlier)

Company profile

Business Address 1045 PROGRESS CIRCLE
LAWRENCEVILLE, GA 30043
State of Incorp. NV
Fiscal Year End December 31
SIC 3861 - Photographic Equipment and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8069012,010457
Cash and cash equivalents8069012,010457
Receivables8,4153,6353,0902,944
Inventory, net of allowances, customer advances and progress billings3,4184,2144,6274,164
Inventory3,4184,2144,6274,164
Prepaid expense 1,214388447
Other undisclosed current assets1,582   
Total current assets:14,2219,96510,1158,012
Noncurrent Assets
Property, plant and equipment2102263060
Intangible assets, net (including goodwill)10,50011,09010,30911,015
Goodwill4,7244,7384,1824,182
Intangible assets, net (excluding goodwill)5,7776,3526,1276,833
Other noncurrent assets00033
Other undisclosed noncurrent assets (14)  
Total noncurrent assets:10,71011,30310,33911,109
TOTAL ASSETS:24,93221,26720,45319,120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,6831,8842,9954,454
Accrued liabilities780580  
Other undisclosed accounts payable and accrued liabilities3,9031,3032,9954,454
Deferred revenue311
Debt6,8843,012 2,792
Derivative instruments and hedges, liabilities8963261,857 
Due to related parties5,1106,0094,4423,804
Deferred revenue and credits1,127496
Contract with customer, liability938
Other liabilities785 252
Other undisclosed current liabilities1,426389(9,299)877
Total current liabilities:19,38812,5631,12312,673
Noncurrent Liabilities
Liabilities, other than long-term debt2604631754,333
Deferred revenue and credits175272
Deferred revenue97
Contract with customer, liability135
Due to related parties163328 4,061
Other undisclosed noncurrent liabilities1,51527310,105 
Total noncurrent liabilities:1,77673610,2804,333
Total liabilities:21,16413,29911,40317,006
Stockholders' equity
Stockholders' equity attributable to parent, including:3,7687,9689,0502,114
Preferred stock0000
Common stock1110
Additional paid in capital29,25127,28021,1267,616
Accumulated other comprehensive loss(133)(106)(48)(13)
Accumulated deficit(25,350)(19,206)(12,028)(5,489)
Stockholders' equity note, subscriptions receivable(0)(0)(0) 
Other undisclosed stockholders' equity attributable to parent   (0)
Total stockholders' equity:3,7687,9689,0502,114
TOTAL LIABILITIES AND EQUITY:24,93221,26720,45319,120

Income statement (P&L) ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Revenues39,69637,84125,74420,372
Cost of revenue(28,410)(29,188)(19,330)(12,960)
Cost of goods and services sold(19,440)(29,188)(84)(327)
Gross profit:11,2868,6536,4147,412
Operating expenses(16,922)(15,650)(13,656)(8,698)
Operating loss:(5,636)(6,997)(7,242)(1,286)
Nonoperating income (expense)(1,103)(181)702(776)
Other nonoperating income (expense)9268702(776)
Interest and debt expense(850)165276(818)
Loss before gain (loss) on sale of properties:(7,589)(7,013)(6,264)(2,880)
Other undisclosed net income (loss) (165)(276)818
Net loss:(7,589)(7,178)(6,540)(2,062)
Other undisclosed net income attributable to parent850   
Net loss available to common stockholders, diluted:(6,739)(7,178)(6,540)(2,062)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Net loss:(7,589)(7,178)(6,540)(2,062)
Comprehensive loss:(7,589)(7,178)(6,540)(2,062)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent809(59)(35)(13)
Comprehensive loss, net of tax, attributable to parent:(6,779)(7,236)(6,574)(2,075)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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