Boxlight Corp

For the period ended Dec 31, 2023. Filed Mar 14, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 14, 2024

BOXL$1.89-2.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of December 31, 202 and

As of December 31, 2023 and 2022

(in thousands except share and per share amounts)

	December 31,2023	December 31, 2022(as adjusted)*
ASSETS
Current assets:
Cash and cash equivalents	$17,253	$14,591
Accounts receivable – trade, net of allowances	29,523	31,009
Inventories, net of reserves	44,131	58,211
Prepaid expenses and other current assets	9,471	7,433
Total current assets	100,378	111,244
Property and equipment, net of accumulated depreciation	2,477	1,733
Operating lease right of use asset	8,846	4,350
Intangible assets, net of accumulated amortization	45,964	52,579
Goodwill	—	25,092
Other assets	906	397
Total assets	$158,571	$195,395
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$32,899	$36,566
Short-term debt	1,037	845
Operating lease liabilities, current	1,827	1,898
Deferred revenues, current	8,698	8,308
Derivative liabilities	205	472
Other short-term liabilities	1,566	386
Total current liabilities	46,232	48,475
Deferred revenues, non-current	16,347	15,603
Long-term debt	39,134	43,778
Deferred tax liabilities, net	4,316	4,680
Operating lease liabilities, non-current	7,282	2,457
Total liabilities	113,311	114,993
Commitments and contingencies (Note 15)
Mezzanine equity:
Preferred Series B, 1,586,620 shares issued and outstanding	16,146	16,146
Preferred Series C, 1,320,850 shares issued and outstanding	12,363	12,363
Total mezzanine equity	28,509	28,509
Stockholders’ equity:
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; 167,972 and 167,972 shares issued and outstanding, respectively	—	—
Common stock, $0.0001 par value, 18,750,000 shares authorized; 9,704,496 and 9,339,587 Class A shares issued and outstanding at December 31, 2023 and 2022, respectively	1	1
Additional paid-in capital	119,724	117,849
Accumulated deficit	(104,275)	(65,043)
Accumulated other comprehensive income (loss)	1,301	(914)
Total stockholders’ equity	16,751	51,893
Total liabilities and stockholders’ equity	$158,571	$195,395

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.