XML 44 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 36,328,358 $ 10,757,461
Restricted cash on deposit 60,208 60,193
Accounts receivable, net 135,019 113,093
Inventories, net 2,283,817 1,198,117
Prepaid expenses and other current assets 833,944 441,537
Deferred financing costs 0 545,825
Customer intangible assets 163,321 0
Note receivable 162,132 159,107
Deferred project costs 137,124 0
Project assets 2,350,292 0
Total current assets 42,454,215 13,275,333
Long-term assets:    
Property, plant and equipment, net 3,956,622 4,164,912
Investment in investee company 2,360,820 2,408,528
Goodwill 803,079 803,079
Total assets 49,574,736 20,651,852
Current liabilities:    
Current maturities of bank loans and notes payable 326,746 324,626
Accounts payable 1,396,439 1,056,744
Accrued expenses 730,400 1,129,166
Customer deposits 1,213,119 1,177,155
Accrued compensation and benefits 305,355 235,351
Total current liabilities 3,972,059 3,923,042
Long-term liabilities:    
Bank loans and notes payable, net of current maturities 971,239 1,053,581
Deferred revenue 13,290,000 0
Total liabilities 18,233,298 4,976,623
Equity    
Series B redeemable convertible preferred stock ($0.01 par value, $1,000 face value) 3,000 shares authorized and issued, 2,575 shares outstanding, preference in liquidation of $5,712,387 and $5,635,866 as of September 30, 2015 and June 30, 2015, respectively 26 26
Series C convertible preferred stock ($0.01 par value, $1,000 face value), 28,048 and 0 shares authorized, issued, and outstanding, preference in liquidation of $23,918,573 and $0 as of September 30, 2015 and June 30, 2015, respectively 280 0
Common stock ($0.01 par value); 150,000,000 authorized, 47,157,459 and 39,129,334 shares issued and outstanding as of September 30, 2015 and June 30, 2015, respectively 1,179,889 1,099,608
Additional paid-in capital 136,473,360 117,104,936
Accumulated deficit (106,431,459) (102,674,049)
Accumulated other comprehensive loss (1,591,136) (1,589,486)
Total EnSync, Inc. Equity 29,630,960 13,941,035
Noncontrolling interest 1,710,478 1,734,194
Total equity 31,341,438 15,675,229
Total liabilities and equity $ 49,574,736 $ 20,651,852