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Boxlight Corp. – ‘10-Q’ for 9/30/22 – ‘R5’

On:  Wednesday, 11/9/22, at 4:42pm ET   ·   For:  9/30/22   ·   Accession #:  1558370-22-17190   ·   File #:  1-37564

Previous ‘10-Q’:  ‘10-Q’ on 8/11/22 for 6/30/22   ·   Next:  ‘10-Q’ on 5/10/23 for 3/31/23   ·   Latest:  ‘10-Q’ on 5/8/24 for 3/31/24   ·   2 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/09/22  Boxlight Corp.                    10-Q        9/30/22   96:10M                                    Toppan Merrill Bridge/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.38M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     29K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     29K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     26K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     26K 
11: R1          Document and Entity Information                     HTML     79K 
12: R2          Condensed Consolidated Statements of Operations     HTML    124K 
                and Comprehensive Loss                                           
13: R3          Condensed Consolidated Balance Sheets               HTML    147K 
14: R4          Condensed Consolidated Balance Sheets               HTML     53K 
                (Parenthetical)                                                  
15: R5          Condensed Consolidated Statements of Changes in     HTML    122K 
                Stockholders' Equity                                             
16: R6          Condensed Consolidated Statements of Cash Flows     HTML    134K 
17: R7          Organization and Significant Accounting Policies    HTML    161K 
18: R8          Recent Business Acquisitions                        HTML     96K 
19: R9          Accounts Receivable - Trade                         HTML     39K 
20: R10         Inventories                                         HTML     40K 
21: R11         Prepaid Expenses and Other Current Assets           HTML     37K 
22: R12         Intangible Assets                                   HTML     58K 
23: R13         Leases                                              HTML     43K 
24: R14         Accounts Payable and Accrued Expenses               HTML     38K 
25: R15         Debt                                                HTML     62K 
26: R16         Derivative Liabilities                              HTML     51K 
27: R17         Income Taxes                                        HTML     59K 
28: R18         Equity                                              HTML     74K 
29: R19         Stock Compensation                                  HTML     95K 
30: R20         Related Party Transactions                          HTML     29K 
31: R21         Commitments and Contingencies                       HTML     29K 
32: R22         Customer and Supplier Concentration                 HTML     84K 
33: R23         Subsequent Events                                   HTML     28K 
34: R24         Organization and Significant Accounting Policies    HTML    177K 
                (Policies)                                                       
35: R25         Organization and Significant Accounting Policies    HTML    129K 
                (Tables)                                                         
36: R26         Recent Business Acquisitions (Tables)               HTML     95K 
37: R27         Accounts Receivable - Trade (Tables)                HTML     39K 
38: R28         Inventories (Tables)                                HTML     41K 
39: R29         Prepaid Expenses and Other Current Assets (Tables)  HTML     37K 
40: R30         Intangible Assets (Tables)                          HTML     57K 
41: R31         Leases (Tables)                                     HTML     42K 
42: R32         Accounts Payable and Accrued Expenses (Tables)      HTML     38K 
43: R33         Debt (Tables)                                       HTML     42K 
44: R34         Derivative Liabilities (Tables)                     HTML     50K 
45: R35         Income Taxes (Tables)                               HTML     52K 
46: R36         Equity (Tables)                                     HTML     51K 
47: R37         Stock Compensation (Tables)                         HTML     91K 
48: R38         Customer and Supplier Concentration (Tables)        HTML     84K 
49: R39         Organization and Significant Accounting Policies -  HTML     35K 
                Schedule of Financial Liabilities Measured on A                  
                Recurring Basis (Details)                                        
50: R40         Organization and Significant Accounting Policies -  HTML     35K 
                Changes in the Company Warrant Instruments                       
                (Details)                                                        
51: R41         Organization and Significant Accounting Policies -  HTML     51K 
                Eps, Revenue Recognition, Contract Balances and                  
                Costs and Warranty Reserve (Details)                             
52: R42         Organization and Significant Accounting Policies -  HTML     45K 
                Remaining Performance Obligations (Details)                      
53: R43         Organization and Significant Accounting Policies -  HTML     45K 
                Disaggregated Revenue (Details)                                  
54: R44         Organization and Significant Accounting Policies    HTML     32K 
                (Details)                                                        
55: R45         Recent Business Acquisitions (Details)              HTML     37K 
56: R46         Recent Business Acquisitions - Schedule of          HTML     99K 
                Recognized Identified Assets Acquired and                        
                Liabilities Assumed (Details)                                    
57: R47         Recent Business Acquisitions - Schedule of          HTML     35K 
                Estimated Useful Lives (Details)                                 
58: R48         Accounts Receivable - Trade (Details)               HTML     33K 
59: R49         Inventories (Details)                               HTML     36K 
60: R50         Prepaid Expenses and Other Current Assets           HTML     29K 
                (Details)                                                        
61: R51         Intangible Assets - Assets by Type (Details)        HTML     59K 
62: R52         Intangible Assets (Details)                         HTML     30K 
63: R53         Leases (Details)                                    HTML     35K 
64: R54         Leases - Schedule of Future Minimum Lease Payments  HTML     41K 
                (Details)                                                        
65: R55         Leases - Supplemental Lease Information (Details)   HTML     29K 
66: R56         Accounts Payable and Accrued Expenses (Details)     HTML     34K 
67: R57         Debt (Details)                                      HTML     43K 
68: R58         Debt - Whitehawk Finance Llc (Details)              HTML    132K 
69: R59         Debt - Lind Global Macro Fund and Lind Global       HTML     57K 
                Asset Management (Details)                                       
70: R60         Debt - Paycheck Protection Program Loan (Details)   HTML     34K 
71: R61         Debt - Everest Display Inc. (Details)               HTML     34K 
72: R62         Debt - Accounts Receivable Financing - Sallyport    HTML     50K 
                Commercial Finance (Details)                                     
73: R63         Derivative Liabilities - Fair Value of Derivative   HTML     43K 
                Liabilities (Details)                                            
74: R64         Income Taxes - Schedule of Pretax Income (Loss)     HTML     32K 
                (Details)                                                        
75: R65         Income Taxes (Details)                              HTML     38K 
76: R66         Equity - Preferred Shares (Details)                 HTML     44K 
77: R67         Equity - Series A Preferred Stock (Details)         HTML     43K 
78: R68         Equity - Series B Preferred Stock and Series C      HTML     72K 
                Preferred Stock (Details)                                        
79: R69         Equity - Common Stock (Details)                     HTML     38K 
80: R70         Equity - Issuance of Common Stock (Details)         HTML    130K 
81: R71         Equity - Warrants Activity (Details)                HTML     54K 
82: R72         Stock Compensation (Details)                        HTML     61K 
83: R73         Stock Compensation - Stock Options Activity         HTML     84K 
                (Details)                                                        
84: R74         Stock Compensation - Restricted Stock Units         HTML     85K 
                Activity (Details)                                               
85: R75         Stock Compensation - Stock Compensation Expense     HTML     39K 
                (Details)                                                        
86: R76         Related Party Transactions (Details)                HTML     34K 
87: R77         Commitments and Contingencies (Details)             HTML     29K 
88: R78         Commitments and Contingencies - Purchase            HTML     29K 
                Commitments (Details)                                            
89: R79         Customer and Supplier Concentration - Customer      HTML     39K 
                Concentration Risk (Details)                                     
90: R80         Customer and Supplier Concentration - Supplier      HTML     38K 
                Concentration Risk (Details)                                     
91: R81         Subsequent Events (Details)                         HTML     70K 
94: XML         IDEA XML File -- Filing Summary                      XML    178K 
92: XML         XBRL Instance -- boxl-20220930x10q_htm               XML   2.49M 
93: EXCEL       IDEA Workbook of Financial Reports                  XLSX    185K 
 7: EX-101.CAL  XBRL Calculations -- boxl-20220930_cal               XML    158K 
 8: EX-101.DEF  XBRL Definitions -- boxl-20220930_def                XML    936K 
 9: EX-101.LAB  XBRL Labels -- boxl-20220930_lab                     XML   1.55M 
10: EX-101.PRE  XBRL Presentations -- boxl-20220930_pre              XML   1.27M 
 6: EX-101.SCH  XBRL Schema -- boxl-20220930                         XSD    226K 
95: JSON        XBRL Instance as JSON Data -- MetaLinks              474±   734K 
96: ZIP         XBRL Zipped Folder -- 0001558370-22-017190-xbrl      Zip    395K 


‘R5’   —   Condensed Consolidated Statements of Changes in Stockholders’ Equity


This is an IDEA Financial Report.  [ Alternative Formats ]



 
 <>  v3.22.2.2
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Series A Preferred Stock.
Series A Preferred Stock
Series A Preferred Stock.
Class A Common Stock
Additional Paid-in Capital.
Accumulated Other Comprehensive Loss
Accumulated Deficit.
Series A Preferred Stock
Total
Beginning balance, value at Dec. 31, 2020     $ 6 $ 86,768 $ 5,192 $ (47,498)   $ 44,468
Beginning balance, shares at Dec. 31, 2020     53,343,518       167,972  
Shares issued for acquisition       404       404
Shares issued for acquisition (in shares)     142,882          
Stock options exercised       405       $ 405
Stock options exercised (in shares)     481,834         481,834
Warrants exercised       203       $ 203
Warrants exercised (in shares)     95,749          
Stock compensation       3,020       3,020
Foreign currency translation         (1,739)     (1,739)
Fixed dividends Preferred Series B       (951)       (951)
Net income (loss)           (6,659)   (6,659)
Conversion of accounts payable liabilities       1,626       1,626
Conversion of accounts payable liabilities (in shares)     793,375          
Conversion of debt obligations       13,783       $ 13,783
Conversion of debt obligations (in shares)     5,693,481          
Conversion of restricted shares (in shares)     760,060         760,060
Deemed contribution from Series B preferred       367       $ 367
Ending balance, value at Sep. 30, 2021     $ 6 105,625 3,453 (54,157)   54,927
Ending balance, shares at Sep. 30, 2021     61,310,899       167,972  
Beginning balance, value at Jun. 30, 2021     $ 6 100,559 5,461 (54,886)   51,140
Beginning balance, shares at Jun. 30, 2021     59,102,072       167,972  
Stock options exercised       159       $ 159
Stock options exercised (in shares)     162,400         162,000
Warrants exercised       152       $ 152
Warrants exercised (in shares)     75,000          
Stock compensation       1,161       1,161
Foreign currency translation         (2,008)     (2,008)
Fixed dividends Preferred Series B       (317)       (317)
Net income (loss)           729   729
Conversion of debt obligations       3,911       $ 3,911
Conversion of debt obligations (in shares)     1,755,009          
Conversion of restricted shares (in shares)     216,418         217,000
Ending balance, value at Sep. 30, 2021     $ 6 105,625 3,453 (54,157)   $ 54,927
Ending balance, shares at Sep. 30, 2021     61,310,899       167,972  
Beginning balance, value at Dec. 31, 2021     $ 6 110,867 3,728 (61,300)   53,301
Beginning balance, shares at Dec. 31, 2021 167,972   63,821,901          
Shares issued for acquisition       150       150
Shares issued for acquisition (in shares)     230,770          
Stock options exercised       69       $ 69
Stock options exercised (in shares)     193,841         193,841
Issuance of warrants and prefunded warrants       2,348       $ 2,348
Vesting of restricted share units (in shares)     1,995,871          
Warrants exercised (in shares)     352,940          
Issuance of stock     $ 1 2,352       2,353
Issuance of stock (in shares)     7,000,000          
Stock compensation       2,665       2,665
Foreign currency translation         (11,449)     (11,449)
Fixed dividends Preferred Series B       (952)       (952)
Net income (loss)           (1,725)   $ (1,725)
Conversion of debt obligations (in shares)     528,169          
Conversion of restricted shares (in shares)               1,995,871
Ending balance, value at Sep. 30, 2022     $ 7 117,499 (7,721) (63,025)   $ 46,760
Ending balance, shares at Sep. 30, 2022 167,972 167,972 74,123,492          
Beginning balance, value at Jun. 30, 2022     $ 7 112,352 (2,681) (66,130)   43,548
Beginning balance, shares at Jun. 30, 2022 167,972   66,207,717          
Shares issued for acquisition       150       $ 150
Shares issued for acquisition (in shares)     230,770          
Stock options exercised (in shares)               0
Issuance of warrants and prefunded warrants       2,348       $ 2,348
Vesting of restricted share units       11       11
Vesting of restricted share units (in shares)     332,065          
Warrants exercised (in shares)     352,940          
Issuance of stock       2,352       2,352
Issuance of stock (in shares)     7,000,000          
Stock compensation       603       603
Foreign currency translation         (5,040)     (5,040)
Fixed dividends Preferred Series B       (317)       (317)
Net income (loss)           3,105   $ 3,105
Conversion of restricted shares (in shares)               332,065
Ending balance, value at Sep. 30, 2022     $ 7 $ 117,499 $ (7,721) $ (63,025)   $ 46,760
Ending balance, shares at Sep. 30, 2022 167,972 167,972 74,123,492          

2 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/26/22  Boxlight Corp.                    8-K:1,8,9   7/22/22   16:818K                                   Toppan Merrill/FA
 6/27/22  Boxlight Corp.                    8-K:1,2,9   6/21/22   11:2.1M                                   Toppan Merrill Bridge/FA
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Filing Submission 0001558370-22-017190   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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