$BOXL
Boxlight Corp

2016 Q4 Form 10-K Financial Statement

#000149315218004493 Filed on April 02, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016
Revenue $5.000M $20.37M
YoY Change 47.93% 502.72%
Cost Of Revenue $3.470M $12.96M
YoY Change 52.19% 468.41%
Gross Profit $1.530M $7.412M
YoY Change 39.09% 573.83%
Gross Profit Margin 30.6% 36.38%
Selling, General & Admin $2.990M $7.690M
YoY Change 37.16% 161.56%
% of Gross Profit 195.42% 103.75%
Research & Development $160.0K $1.008M
YoY Change -23.81% 380.21%
% of Gross Profit 10.46% 13.61%
Depreciation & Amortization $190.0K $350.0K
YoY Change
% of Gross Profit 12.42% 4.72%
Operating Expenses $3.150M $8.698M
YoY Change 32.35% 176.14%
Operating Profit -$1.620M -$1.286M
YoY Change 26.56% -37.26%
Interest Expense -$130.0K $818.2K
YoY Change 160.0% -918.23%
% of Operating Profit
Other Income/Expense, Net $30.00K -$775.7K
YoY Change -127.27% 605.21%
Pretax Income -$1.720M -$2.060M
YoY Change 18.62% -8.85%
Income Tax
% Of Pretax Income
Net Earnings -$1.720M -$2.062M
YoY Change 18.62% -8.76%
Net Earnings / Revenue -34.4% -10.12%
Basic Earnings Per Share
Diluted Earnings Per Share -$296.0K -$354.6K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $500.0K $500.0K
YoY Change -50.0% -50.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $400.0K $400.0K
YoY Change 33.33% 33.33%
Inventory $4.164M $4.200M
Prepaid Expenses $447.0K
Receivables $2.944M $2.900M
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.012M $8.000M
YoY Change 33.53% 33.33%
LONG-TERM ASSETS
Property, Plant & Equipment $60.04K $100.0K
YoY Change
Goodwill $4.182M
YoY Change
Intangibles $6.833M
YoY Change
Long-Term Investments
YoY Change
Other Assets $33.26K $0.00
YoY Change
Total Long-Term Assets $11.11M $11.10M
YoY Change 5454.39% 5450.0%
TOTAL ASSETS
Total Short-Term Assets $8.012M $8.000M
Total Long-Term Assets $11.11M $11.10M
Total Assets $19.12M $19.10M
YoY Change 208.39% 208.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.200M $8.200M
YoY Change 57.69% 57.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.792M $3.700M
YoY Change 179.16% 270.0%
Long-Term Debt Due $2.800M $2.800M
YoY Change 2700.0% 2700.0%
Total Short-Term Liabilities $12.67M $12.70M
YoY Change 104.41% 104.84%
LONG-TERM LIABILITIES
Long-Term Debt $4.100M $4.100M
YoY Change
Other Long-Term Liabilities $300.0K $300.0K
YoY Change
Total Long-Term Liabilities $4.400M $4.400M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $12.67M $12.70M
Total Long-Term Liabilities $4.400M $4.400M
Total Liabilities $17.01M $17.00M
YoY Change 174.29% 174.19%
SHAREHOLDERS EQUITY
Retained Earnings -$5.489M
YoY Change
Common Stock $461.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.114M $2.100M
YoY Change
Total Liabilities & Shareholders Equity $19.12M $19.10M
YoY Change 208.39% 208.06%

Cashflow Statement

Concept 2016 Q4 2016
OPERATING ACTIVITIES
Net Income -$1.720M -$2.062M
YoY Change 18.62% -8.76%
Depreciation, Depletion And Amortization $190.0K $350.0K
YoY Change
Cash From Operating Activities $2.190M $2.370M
YoY Change 184.42% 977.45%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $10.00K $370.0K
YoY Change -83.33% 3600.0%
Cash From Investing Activities $20.00K $366.6K
YoY Change -66.67% 3566.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.219M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.580M -$3.294M
YoY Change -1942.86% -545.11%
NET CHANGE
Cash From Operating Activities 2.190M $2.370M
Cash From Investing Activities 20.00K $366.6K
Cash From Financing Activities -2.580M -$3.294M
Net Change In Cash -370.0K -$556.8K
YoY Change -138.14% -157.4%
FREE CASH FLOW
Cash From Operating Activities $2.190M $2.370M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2943954 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
4164116 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
447036 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
8011608 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
60040 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6833477 USD
CY2016Q4 us-gaap Goodwill
Goodwill
4181991 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
33262 USD
CY2016Q4 us-gaap Assets
Assets
19120378 USD
CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4453893 USD
CY2016Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
495603 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
251537 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12673215 USD
CY2016Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
3754050 USD
CY2016Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
272123 USD
CY2016Q4 us-gaap Liabilities
Liabilities
17006123 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
127 USD
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
461 USD
CY2016Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
7615732 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5488822 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-12918 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19120378 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
2114255 USD
CY2016 us-gaap Revenues
Revenues
20371826 USD
CY2016 us-gaap Cost Of Revenue
CostOfRevenue
12959749 USD
CY2016 us-gaap Gross Profit
GrossProfit
7412077 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7689898 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1008433 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
8698331 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-1286254 USD
CY2016 us-gaap Interest Expense
InterestExpense
818234 USD
CY2016 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
42505 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-775729 USD
CY2016 us-gaap Profit Loss
ProfitLoss
-2061983 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-2061983 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-12918 USD
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2074901 USD
CY2016 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
17607 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
425155 USD
CY2016 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
353386 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
909466 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2654058 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-324807 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8621 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
637681 USD
CY2016 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4358 USD
CY2016 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-8346 USD
CY2016 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-60785 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2370383 USD
CY2016 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
10580414 USD
CY2016 BOXL Payments On Shortterm Debt Related Parties
PaymentsOnShorttermDebtRelatedParties
USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
464321 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3293792 USD
CY2016 BOXL Proceeds From Subscription Receivable
ProceedsFromSubscriptionReceivable
1750 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
19202 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016 BOXL Debt Extension Fees
DebtExtensionFees
350000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-537601 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1218907 USD
CY2016 us-gaap Stock Issued1
StockIssued1
USD
CY2016 BOXL Distributions
Distributions
-814625 USD
CY2016 BOXL Issuance Of Note Payable And Longterm Convertible Note Payable To Acquire Mimio
IssuanceOfNotePayableAndLongtermConvertibleNotePayableToAcquireMimio
5425000 USD
CY2016 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
13610 USD
CY2016 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
357573 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
366606 USD
CY2016 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
6701590 USD
CY2016 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
239000 USD
CY2016 BOXL Issuance Of Note Payable To Settle Accounts Payable
IssuanceOfNotePayableToSettleAccountsPayable
2547538 USD
CY2016Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
325 USD
CY2016 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
748261 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
9033 USD
CY2016 BOXL Forgiveness Of Shortterm Debt Related Parties
ForgivenessOfShorttermDebtRelatedParties
222370 USD
CY2016 BOXL Settlement Of Shortterm Debt Through Issuance Of Common Stock
SettlementOfShorttermDebtThroughIssuanceOfCommonStock
115919 USD
CY2016 BOXL Settlement Of Accounts Payable Through Issuance Of Common Stock
SettlementOfAccountsPayableThroughIssuanceOfCommonStock
120910 USD
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.48
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4299315 shares
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
USD
CY2016 BOXL Intangibles And Goodwill Acquired Through Acquisitions
IntangiblesAndGoodwillAcquiredThroughAcquisitions
10887060 USD
CY2016 BOXL Increase Decrease In Additional Paidin Capital Due To Acquisitions
IncreaseDecreaseInAdditionalPaidinCapitalDueToAcquisitions
5425100 USD
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2791582 USD
CY2016Q4 BOXL Shortterm Debt Related Parties
ShorttermDebtRelatedParties
876550 USD
CY2016Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
50000 USD
CY2016Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
4060785 USD
CY2016 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
60000 USD
CY2016 BOXL Change In Allowance For Sales Returns And Volume Rebate
ChangeInAllowanceForSalesReturnsAndVolumeRebate
53031 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
USD
CY2016 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
USD
CY2016 BOXL Issuance Of Series B Preferred Stock For Acquisition
IssuanceOfSeriesBPreferredStockForAcquisition
100 USD
CY2016 BOXL Issuance Of Series C Preferred Stock For Acquisition
IssuanceOfSeriesCPreferredStockForAcquisition
8243297 USD
CY2016 BOXL Settlement Of Trademark Liability One
SettlementOfTrademarkLiabilityOne
USD
CY2016 BOXL Conversion Of Convertible Note Payable Related Parties To Common Stock
ConversionOfConvertibleNotePayableRelatedPartiesToCommonStock
USD
CY2016 BOXL Conversion Of Series B And C Preferred Stock To Common Stock Upon Ipo
ConversionOfSeriesBAndCPreferredStockToCommonStockUponIpo
USD

Files In Submission

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0001493152-18-004493.txt Edgar Link pending
0001493152-18-004493-xbrl.zip Edgar Link pending
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