$INSE
Inspired Entertainment, Inc.

2016 Q2 Form 10-Q Financial Statement

#000114420416100436 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $4.737M $4.628M $4.705M
YoY Change
Gross Profit -$4.737M -$4.628M -$4.705M
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.211M $281.2K $724.5K
YoY Change -36.11% 44.16% 425.09%
Operating Profit -$1.211M -$281.2K -$5.430M
YoY Change -36.11% 44.16%
Interest Expense $30.00K $30.00K $0.00
YoY Change 200.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.180M -$250.0K -$730.0K
YoY Change -37.57% 31.58% 421.43%
Income Tax
% Of Pretax Income
Net Earnings -$1.176M -$246.4K -$728.5K
YoY Change -37.78% 32.25% 427.99%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$388.2K -$83.06K -$248.3K
COMMON SHARES
Basic Shares Outstanding 10.00M shares 10.00M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $500.0K $300.0K
YoY Change -71.43% -44.44% -72.73%
Cash & Equivalents $200.0K $520.0K $256.2K
Short-Term Investments
Other Short-Term Assets $100.0K $100.0K $100.0K
YoY Change 0.0% -50.0%
Inventory
Prepaid Expenses $137.9K $62.59K
Receivables
Other Receivables
Total Short-Term Assets $300.0K $657.8K $318.8K
YoY Change -63.7% -26.91% -75.24%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $80.00M $80.00M $80.00M
YoY Change 0.0% -0.12% 0.0%
Total Long-Term Assets $80.00M $80.05M $80.01M
YoY Change -0.03% -0.19% 0.0%
TOTAL ASSETS
Total Short-Term Assets $300.0K $657.8K $318.8K
Total Long-Term Assets $80.00M $80.05M $80.01M
Total Assets $80.30M $80.70M $80.33M
YoY Change -0.68% -0.49% -1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.500M $2.800M $2.600M
YoY Change 105.88% 2500.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.000M $3.266M $2.646M
YoY Change 133.38% 2983.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.800M $2.800M $2.800M
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $2.800M $2.800M $2.800M
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.000M $3.266M $2.646M
Total Long-Term Liabilities $2.800M $2.800M $2.800M
Total Liabilities $6.800M $6.066M $5.446M
YoY Change 50.64% 116.63% 88.71%
SHAREHOLDERS EQUITY
Retained Earnings -$3.914M -$3.668M
YoY Change 1093.99% 2491.51%
Common Stock $304.00 $301.00
YoY Change 13.43% 13.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $73.50M $5.000M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $80.30M $80.70M $80.33M
YoY Change -0.68% -0.43% -1.19%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q4
OPERATING ACTIVITIES
Net Income -$1.176M -$246.4K -$728.5K
YoY Change -37.78% 32.25% 427.99%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$350.0K -$240.0K -$150.0K
YoY Change -16.67% -7.69% 7.14%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $50.00K $0.00
YoY Change -100.0%
Cash From Investing Activities $50.00K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 500.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -350.0K -240.0K -150.0K
Cash From Investing Activities 50.00K 0.000
Cash From Financing Activities 0.000 500.0K 0.000
Net Change In Cash -300.0K 260.0K -150.0K
YoY Change -28.57% -200.0% -114.02%
FREE CASH FLOW
Cash From Operating Activities -$350.0K -$240.0K -$150.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2016Q1 hdrau Liquidation Condition
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If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the Combination Period), the Company will (i) cease all operations except for the purposes of winding up its affairs; (ii) distribute the aggregate amount then on deposit in the Trust Account, including a portion of the interest earned thereon (net of any taxes payable, and less up to $50,000 of interest to pay dissolution expenses), pro rata to the Companys public stockholders by way of redemption of the Companys public shares (which redemption would completely extinguish such holders rights as stockholders, including the right to receive further liquidation distributions, if any); and (iii) as promptly as possible following such redemption, dissolve and liquidate the balance of the Companys net assets to its remaining stockholders, as part of the Companys plan of dissolution and liquidation.
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CY2016Q1 us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt">Use of estimates</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2016Q1 us-gaap Concentration Risk Credit Risk
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CY2015Q4 us-gaap Common Stock Shares Outstanding
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