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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Jun. 30, 2016
Current assets:    
Cash and cash equivalents $ 19,923,178 $ 17,189,089
Accounts receivable, net 433,282 172,633
Inventories, net 1,797,287 1,869,942
Prepaid expenses and other current assets 541,599 600,591
Customer intangible assets 76,293 76,293
Note receivable 174,164 171,140
Deferred PPA project costs 516,017 5,690,307
Deferred customer project costs 115,536 419,765
Project assets 674,836 1,190,853
Total current assets 24,252,192 27,380,613
Long-term assets:    
Property, plant and equipment, net 3,744,130 3,889,106
Equity Method Investments 2,189,281 2,165,626
Goodwill 809,363 809,363
Right of use assets-operating leases 116,903 27,264
Total assets 31,111,869 34,271,972
Current liabilities:    
Current maturities of long-term debt 334,762 332,707
Accounts payable 449,684 569,226
Accrued expenses 1,106,679 501,031
Customer deposits 397,769 201,352
Accrued compensation and benefits 323,982 257,087
Total current liabilities 2,612,876 1,861,403
Long-term liabilities:    
Long-term debt, net of current maturities 973,429 1,057,720
Deferred revenue 13,712,638 13,290,000
Other long-term liabilities 227,442 25,789
Total liabilities 17,526,385 16,234,912
Commitments and contingencies (Note 15)
Equity    
Series B redeemable convertible preferred stock ($0.01 par value, $1,000 face value) 3,000 shares authorized and issued, 2,300 shares outstanding, preference in liquidation of $5,393,243 and $5,317,800 as of September 30, 2016 and June 30, 2016, respectively 23 23
Series C convertible preferred stock ($0.01 par value, $1,000 face value), 28,048 shares authorized, issued, and outstanding, preference in liquidation of $8,192,241 and $12,719,260 as of September 30, 2016 and June 30, 2016, respectively 280 280
Common stock ($0.01 par value); 300,000,000 authorized, 47,824,821 and 47,752,821 shares issued and outstanding as of September 30, 2016 and June 30, 2016, respectively 1,186,563 1,185,843
Additional paid-in capital 137,857,166 137,585,233
Accumulated deficit (125,192,830) (120,550,108)
Accumulated other comprehensive loss (1,584,817) (1,585,583)
Total EnSync, Inc. equity 12,266,385 16,635,688
Noncontrolling interest 1,319,099 1,401,372
Total equity 13,585,484 18,037,060
Total liabilities and equity $ 31,111,869 $ 34,271,972