Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 407 $ 1,790
Accounts receivable, net of allowances of $1,026 and $914, respectively 8,459 13,952
Inventory, net of reserves of $263 and $84, respectively 165
Loans receivable, net of reserves of $891 and $891, respectively 2,319 382
Other current assets 4,915 2,100
Total current assets 16,100 18,389
Property and equipment, net 167 533
Goodwill 10,185 23,368
Customer lists, net 5,786 8,589
Tradenames, net 1,471 3,178
Other intangible assets, net 256
Restricted cash 1,000
Cost method investment 340
Other assets 160 256
Total assets 35,209 54,569
Current Liabilities:    
Accounts payable 9,698 10,907
Accrued expenses 12,338 10,721
Deferred revenue 4,900 3,058
Income taxes payable 53 53
Bank debt, current portion 117 121
Notes payable, related parties 4,110 225
Contingent consideration 515
Derivative financial instruments 3,159 1,749
Term loans, current portion, net of debt discount 30,551 30,742
Total current liabilities 64,926 58,091
Long-term Liabilities:    
Notes payable, related parties, net of current portion 3,970
Deferred income taxes 604 1,002
Term loans, net of current portion, net of debt discount 2,369 6,233
Derivative financial instruments 3,365 1,316
Total long-term liabilities 6,338 12,521
Total Liabilities 71,264 70,612
Commitments and Contingencies
Stockholders' Deficit:    
Common stock; $0.0001 par value; 500,000,000 shares authorized; 122,232,467 and 28,516,804 issued and 121,833,616 and 28,210,003 outstanding as of June 30, 2017 and December 31, 2016, respectively 10 2
Common stock warrants, no par 1 1,727
Treasury stock, at cost - 398,852 and 306,801 shares at June 30, 2017 and December 31, 2016, respectively (2) (1)
Additional paid-in capital 138,893 130,869
Accumulated deficit (175,162) (148,983)
Total InterCloud Systems, Inc. stockholders' deficit (36,260) (16,386)
Non-controlling interest 205 343
Total stockholders' deficit (36,055) (16,043)
Total liabilities and stockholders' deficit $ 35,209 $ 54,569