Msg 15501 of 16448 at 2/23/2017 4:55:24 PM by |
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The following message was updated on 2/23/2017 4:56:02 PM.
Re: CBF story - Accounts payable + accrued liabilities
Definitely the big caveat. in DefM 14a adjustments/increase as of Sept 30 for $4.6mm was for CRG interest but yes the change for other business payables and legal costs of around $4mm is the possible elephant factor (b)
| This amount represents the
interest accrued on the CRG debt of $4.7 million as of September 30,
2016. Pursuant to the Asset Purchase Agreement, interest due to CRG will
be paid from the proceeds of the Asset Sale. |
Accrued liabilities and other | |
$ | 4,665,605 | | |
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Cash | |
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$ | 4,665,605 | |
LIABILITIES AND STOCKHOLDERS’ DEFICIT
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Current liabilities: | |
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Accounts payable | |
$ | 4,894,800 | | |
$ | 688,559 | | |
$ | — | | |
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$ | 4,206,241 | |
Accrued liabilities and other | |
| 7,201,793 | | |
| 1,157,720 | | |
| (4,665,605 | ) | b |
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| 1,378,468 | |
Deferred revenue, current | |
| 15,037 | | |
| — | | |
| — | | |
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| 15,037 | |
Notes payable, current | |
| 51,652,209 | | |
| — | | |
| (51,652,209 | ) | c |
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| — | |
Total current liabilities | |
| 63,763,839 | | |
| 1,846,279 | | |
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| 5,599,746 | |
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Deferred revenue | |
| 26,061 | | |
| — | | |
| — | | |
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| 26,061 | |
Notes payable | |
| 10,549,405 | | |
| — | | |
| (10,549,405 | ) | d-e |
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| — | |
Other liabilities | |
| 624,896 | | |
| — | | |
| — | | |
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| 624,896 | |
Total liabilities | |
| 74,964,201 | | |
| 1,846,279 | | |
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| 6,250,703 | |
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Stockholders’ deficit: | |
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Preferred stock | |
| — | | |
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| — | | |
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| — | |
Common stock | |
| 155,751 | | |
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| — | | |
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| 155,751 | |
Additional paid-in capital | |
| 326,573,833 | | |
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| 3,947,356 | | f |
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| 330,521,189 | |
Accumulated deficit | |
| (390,973,227 | ) | |
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| 74,539,810 | | e-g |
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| (316,433,417 | ) |
Navidea stockholders’ deficit | |
| (64,243,643 | ) | |
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| 14,243,523 | |
Noncontrolling interest | |
| 469,042 | | |
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| — | | |
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| 469,042 | |
Total stockholders’ deficit | |
| (63,774,601 | ) | |
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| 14,712,565 | |
Total liabilities and stockholders’ deficit | |
$ | 11,189,600 | | |
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$ | 20,963,268 | |
The accompanying notes are an integral part
of these unaudited pro forma consolidated financial statements.
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