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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 4,447 $ 6,052
Restricted cash 1,455 431
Accounts receivable, net of an allowance for doubtful accounts of $1,546 at December 31, 2019 and $514 at December 31, 2018 8,307 3,338
Prepaid expenses and other current assets 4,453 2,084
Total current assets 18,662 11,905
NON-CURRENT ASSETS    
OTHER ASSETS 752 45
RIGHT OF USE LEASE ASSETS 2,241  
NOTE RECEIVABLE, NON-CURRENT 512 1,082
PROPERTY AND EQUIPMENT, NET 6,262 5,444
INTANGIBLE ASSETS, NET 15,500 39,658
GOODWILL 10,099 101,375
TOTAL ASSETS 54,028 159,509
CURRENT LIABILITIES    
Accounts payable and customer deposits 30,374 10,338
Net billings in excess of revenues 2,529 227
Accrued expenses and other payables 13,616 7,741
Promissory Note 993 681
Lease liabilities, current 2,422  
9% Unsecured subordinate convertible promissory notes (current portion net of debt discount and debt issuance costs)   107
Total current liabilities 49,934 19,094
LONG-TERM LIABILITIES    
8% Series C Redeemable Preferred Stock, net 4,798  
Lease liabilities, non-current 415  
Other long term liabilities 23 213
Deferred tax liabilities   8,386
Related party loan 420 342
Total long term liabilities 5,656 8,941
Total liabilities 55,590 28,035
Commitments and Contingencies (See Notes)
STOCKHOLDERS' EQUITY    
Preferred Stock $0.00001 par value, 50,000,000 shares authorized; designated 150 shares and 13,000 shares as Series A and B, respectively, of which 0 issued and outstanding as of December 31, 2019 and 2018, respectively
Common Stock $0.00001 par value, 500,000,000 shares authorized, 139,060,180 and 98,292,530 issued and outstanding as of December 31, 2019 and 2018 respectively. 547,948 453,995
Accumulated other comprehensive loss (5,608) (5,389)
Accumulated deficit (543,902) (317,132)
Pareteum Corporation stockholders' equity (1,562)  
Total stockholders' equity (deficit) (1,562) 131,474
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 54,028 $ 159,509