Exhibit 99.2
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In Re. LUCIRA HEALTH, INC.,
§
Case No. 23-10242
§
§
Debtor(s)
§
☐ Jointly Administered
Monthly Operating Report
Chapter 11
Reporting Period Ended: 08/31/2023
Petition Date: 02/22/2023
Months Pending: 6
Industry Classification:
Reporting Method: Accrual Basis
Cash Basis
Debtor’s Full-Time Employees (current):
2
Debtor’s Full-Time Employees (as of date of order for relief):
61
Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)
☒ Statement of cash receipts and disbursements
☒ Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit
☒ Statement of operations (profit or loss statement)
☐ Accounts receivable aging
☐ Postpetition liabilities aging
☐ Statement of capital assets
☐ Schedule of payments to professionals
☐ Schedule of payments to insiders
☒ All bank statements and bank reconciliations for the reporting period
☐ Description of the assets sold or transferred and the terms of the sale or transfer
/s/ Ashley E. Jacobs
Ashley Jacobs
Signature of Responsible Party
Printed Name of Responsible Party
09/19/2023
Date
1000 North King Street
Wilmington, DE 19801
Address
STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.
UST Form 11-MOR (12/01/2021)
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242
Part 1: Cash Receipts and Disbursements Current Month Cumulative
a. Cash balance beginning of month $5,331,048 b. Total receipts (net of transfers between accounts) $126,560 $32,045,165 c. Total disbursements (net of transfers between accounts) $1,016,691 $34,187,887 d. Cash balance end of month (a+b-c) $4,440,917 e. Disbursements made by third party for the benefit of the estate $0 $0 f. Total disbursements for quarterly fee calculation (c+e) $1,016,691 $34,187,887
Part 2: Asset and Liability Status Current Month
(Not generally applicable to Individual Debtors. See Instructions.) a. Accounts receivable (total net of allowance) $0 b. Accounts receivable over 90 days outstanding (net of allowance) $0 c. Inventory (Book Market Other (attach explanation)) $0 d Total current assets $5,375,616 e. Total assets $5,375,616 f. Postpetition payables (excluding taxes) $265,210 g. Postpetition payables past due (excluding taxes) $206,488 h. Postpetition taxes payable $0 i. Postpetition taxes past due $0 j. Total postpetition debt (f+h) $265,210 k. Prepetition secured debt $0 l. Prepetition priority debt $12,130 m. Prepetition unsecured debt $7,707,895 n. Total liabilities (debt) (j+k+l+m) $7,985,235 o. Ending equity/net worth (e-n) $-2,609,619
Part 3: Assets Sold or Transferred Current Month Cumulative
a. Total cash sales price for assets sold/transferred outside the ordinary $0 $17,367,621 course of business b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business $0 $11,251,641 c. Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) $0 $6,115,980
Part 4: Income Statement (Statement of Operations) Current Month Cumulative
(Not generally applicable to Individual Debtors. See Instructions.) a. Gross income/sales (net of returns and allowances) $0 b. Cost of goods sold (inclusive of depreciation, if applicable) $3,883 c. Gross profit (a-b) $-3,883 d. Selling expenses $24,912 e. General and administrative expenses $245,171 f. Other expenses $-3,864,602 g. Depreciation and/or amortization (not included in 4b) $0 h. Interest $0 i. Taxes (local, state, and federal) $1,684 j. Reorganization items $822,663 k. Profit (loss) $2,766,290 $-59,694,701
UST Form 11-MOR (12/01/2021) 2
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242
Part 5: Professional Fees and Expenses
Approved Approved Paid Current Paid Current Month Cumulative Month Cumulative a. Debtor’s professional fees & expenses (bankruptcy) Aggregate Total $375,454 $2,445,515 $422,822 $2,220,827
Itemized Breakdown by Firm
Firm Name Role i Donlin Recano Other $859 $179,069 $65,862 $238,462 ii Armanino LLP Financial Professional $17,634 $284,081 $0 $0 iii Cooley, LLP Lead Counsel $235,082 $1,099,768 $235,082 $1,099,768 iv Young Conaway Stargatt & TayCo-Counsel $121,878 $882,597 $121,878 $882,597 v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi
UST Form 11-MOR (12/01/2021) 3
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242
xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii
UST Form 11-MOR (12/01/2021) 4
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242
lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii xcix c ci
Approved Approved Paid Current Paid Current Month Cumulative Month Cumulative b. Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total $0 $205,479 $0 $205,479
Itemized Breakdown by Firm
Firm Name Role i Torys LLP Local Counsel $0 $1,589 $0 $1,589 ii Goodwin Proctor, LLP Local Counsel $0 $46,567 $0 $46,567 iii BPM LLP Financial Professional $0 $93,090 $0 $93,090 iv v vi Hogan Lovells US Local Counsel $0 $9,621 $0 $9,621 vii BDO USA LLP Financial Professional $0 $31,164 $0 $31,164 viii KPMG LLP Financial Professional $0 $23,448 $0 $23,448 ix x xi xii xiii xiv
UST Form 11-MOR (12/01/2021) 5
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242
xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi
UST Form 11-MOR (12/01/2021) 6
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242
lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii
UST Form 11-MOR (12/01/2021) 7
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242
xcix c c. All professional fees and expenses (debtor & committees) $764,087 $3,475,948 $567,664 $3,007,468
Part 6: Postpetition Taxes Current Month Cumulative
a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $5,653 $113,508 c. Postpetition employer payroll taxes accrued $0 $0 d. Postpetition employer payroll taxes paid $2,279 $212,596 e. Postpetition property taxes paid $0 $0 f. Postpetition other taxes accrued (local, state, and federal) $0 $0 g. Postpetition other taxes paid (local, state, and federal) $0 $0
Part 7: Questionnaire - During this reporting period:
a. Were any payments made on prepetition debt? (if yes, see Instructions) Yes No b. Were any payments made outside the ordinary course of business Yes No without court approval? (if yes, see Instructions) c. Were any payments made to or on behalf of insiders? Yes No d. Are you current on postpetition tax return filings? Yes No e. Are you current on postpetition estimated tax payments? Yes No f. Were all trust fund taxes remitted on a current basis? Yes No g. Was there any postpetition borrowing, other than trade credit? Yes No (if yes, see Instructions) h. Were all payments made to or on behalf of professionals approved by Yes No N/A the court? i. Do you have: Worker’s compensation insurance? Yes No
If yes, are your premiums current? Yes No N/A (if no, see Instructions) Casualty/property insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) General liability insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? Yes No k. Has a disclosure statement been filed with the court? Yes No l. Are you current with quarterly U.S. Trustee fees as Yes No set forth under 28 U.S.C. § 1930?
UST Form 11-MOR (12/01/2021) 8
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242
a. Gross income (receipts) from salary and wages
b. Gross income (receipts) from self-employment
c. Gross income from all other sources
d. Total income in the reporting period (a+b+c)
e. Payroll deductions
f. Self-employment related expenses
g. Living expenses
h. All other expenses
i. Total expenses in the reporting period (e+f+g+h)
j. Difference between total income and total expenses (d-i)
k. List the total amount of all postpetition debts that are past due
l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)?
m. If yes, have you made all Domestic Support Obligation payments?
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Yes No
Yes No N/A
Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).
I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.
/s/ Richard Narido
Signature of Responsible Party
Chief Financial Officer
Title
Richard Narido
Printed Name of Responsible Party
09/19/2023
Date
UST Form 11-MOR (12/01/2021) 9
Debtor’s Name LUCIRA HEALTH, INC.,
Case No. 23-10242
Debtor’s Name LUCIRA HEALTH, INC.,
Case No. 23-10242
Debtor’s Name LUCIRA HEALTH, INC., Case No. 23-10242 UST Form 11-MOR (12/01/2021)
In re: Lucira Health, Inc.
Case No. 23-10242
Statement of Cash Receipts and Disbursements Summary
Reporting Period: August 1 to August 31, 2023
($ in USD)
Feb 28, 2023 | Mar 31, 2023 | Apr 30, 2023 | May 31, 2023 | Jun 30, 2023 | Jul 31, 2023 | Aug 31, 2023 | ||||||||||||||||||||||
Beginning cash Balance | $ | 6,583,640 | $ | 5,207,457 | $ | 5,818,535 | $ | 11,832,074 | $ | 11,378,154 | $ | 7,429,809 | $ | 5,331,048 | ||||||||||||||
Receipts | ||||||||||||||||||||||||||||
Revenue | $ | 652,309 | $ | 3,358,280 | $ | 1,451,245 | $ | 415,364 | $ | 51,560 | $ | - | $ | - | ||||||||||||||
Proceeds from Pfizer acquisition | $ | - | $ | - | $ | 17,868,021 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||
Other receipts | $ | 2,346 | $ | 17,935 | $ | 335,761 | $ | 37,731 | $ | 7,690,759 | $ | 37,293 | $ | 126,560 | ||||||||||||||
|
| |||||||||||||||||||||||||||
Total Receipts | $ | 654,655 | $ | 3,376,215 | $ | 19,655,027 | $ | 453,095 | $ | 7,742,319 | $ | 37,293 | $ | 126,560 | ||||||||||||||
Operating Disbursements | ||||||||||||||||||||||||||||
Payroll & Benefits | $ | 721,990 | $ | 1,109,809 | $ | 1,028,827 | $ | 219,483 | $ | 126,802 | $ | 81,134 | $ | 86,723 | ||||||||||||||
Facility Disbursements | $ | 131 | $ | 113,900 | $ | 20,435 | $ | 78,036 | $ | 33,719 | $ | 276 | $ | 276 | ||||||||||||||
Critical Vendor - Inventory Disbursements | $ | 861,017 | $ | 721,308 | $ | 189,600 | $ | 146,595 | $ | - | $ | - | $ | 53,838 | ||||||||||||||
Freight Disbursements | $ | 35,038 | $ | 224,401 | $ | 96,203 | $ | 25,645 | $ | 73,998 | $ | 6,862 | $ | - | ||||||||||||||
Ordinary Course Professional Fees | $ | - | $ | - | $ | - | $ | 94,144 | $ | 138,576 | $ | 61,857 | $ | 1,005 | ||||||||||||||
Insurance | $ | - | $ | - | $ | 121,094 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||
Credit Card Payment | $ | 105,988 | $ | 131,984 | $ | 120,514 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||
Other Operating Disbursements | $ | 31,675 | $ | 463,733 | $ | 438,532 | $ | 167,841 | $ | 85,336 | $ | 84,190 | $ | 97,256 | ||||||||||||||
Restructuring - Professional Fees | $ | - | $ | - | $ | 45,070 | $ | 140,273 | $ | 974,339 | $ | 1,124,644 | $ | 567,664 | ||||||||||||||
Restructuring - US Trustee Fees | $ | - | $ | - | $ | - | $ | 34,998 | $ | - | $ | - | $ | 209,929 | ||||||||||||||
Restructuring | $ | 275,000 | $ | - | $ | 11,581,214 | $ | - | $ | 10,257,894 | $ | 777,091 | $ | - | ||||||||||||||
|
|
| ||||||||||||||||||||||||||
Total Disbursements | $ | 2,030,839 | $ | 2,765,136 | $ | 13,641,489 | $ | 907,015 | $ | 11,690,664 | $ | 2,136,054 | $ | 1,016,691 | ||||||||||||||
Net Cash Flow | $ | (1,376,184 | ) | $ | 611,079 | $ | 6,013,538 | $ | (453,920 | ) | $ | (3,948,345 | ) | $ | (2,098,761 | ) | $ | (890,131 | ) | |||||||||
Ending Cash Balance | $ | 5,207,457 | $ | 5,818,535 | $ | 11,832,074 | $ | 11,378,154 | $ | 7,429,809 | $ | 5,331,048 | $ | 4,440,917 |
Lucira Health, Inc.
Parent Company : Lucira Health, Inc.
Balance Sheet
As of August 31, 2023
Financial Row | x | Feb 28, 2023 | Mar 31, 2023 | Apr 30, 2023 | May 31, 2023 | Jun 30, 2023 | Jul 31, 2023 | Aug 31, 2023 | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
Current Assets | ||||||||||||||||||||||||||||||||
Bank | ||||||||||||||||||||||||||||||||
1010 - Silicon Valley Bank Checking | $ | 910,373 | $ | 820,721 | $ | (9,674 | ) | $ | 49,487 | $ | - | $ | - | $ | - | |||||||||||||||||
1020 - SVB Cash Sweep Account | $ | 1,880,626 | $ | 1,143,583 | $ | 918 | $ | - | $ | 98 | $ | 98 | $ | - | ||||||||||||||||||
1030 - City National Bank Checking | $ | - | $ | 1,328,612 | $ | 9,404,278 | $ | 9,006,676 | $ | 7,407,686 | $ | 5,407,320 | $ | 4,468,573 | ||||||||||||||||||
1071 - Bill.com Money In Clearing | $ | - | $ | - | $ | - | $ | - | $ | - | $ | (37,225 | ) | $ | - | |||||||||||||||||
1418 - Refunds Payable - Amazon | $ | - | $ | (2 | ) | $ | (2 | ) | $ | 849 | $ | (4 | ) | $ | (4 | ) | $ | - | ||||||||||||||
Total Bank | $ | 2,790,999 | $ | 3,292,914 | $ | 9,395,520 | $ | 9,057,011 | $ | 7,407,780 | $ | 5,370,189 | $ | 4,468,573 | ||||||||||||||||||
Accounts Receivable | ||||||||||||||||||||||||||||||||
1100 - Accounts Receivable (A/R) | $ | 386,666 | $ | 449,343 | $ | 303,246 | $ | 57,958 | $ | 159,100 | $ | 185,113 | $ | 185,113 | ||||||||||||||||||
1110 - Unbilled Receivables | $ | 28,551 | $ | 270,851 | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
1115 - Other Receivable | $ | 500,400 | $ | 500,400 | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
1130 - Receivables - Jabil DR | $ | 8,626,611 | $ | 8,626,611 | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
1190 - Allowance for Accounts Receivable | $ | (148,112 | ) | $ | (148,112 | ) | $ | (148,112 | ) | $ | (148,112 | ) | $ | (148,112 | ) | $ | (148,112 | ) | $ | (185,113 | ) | |||||||||||
Total Accounts Receivable | $ | 9,394,116 | $ | 9,699,094 | $ | 155,134 | $ | (90,154 | ) | $ | 10,988 | $ | 37,001 | $ | - | |||||||||||||||||
Other Current Asset | ||||||||||||||||||||||||||||||||
1185 - Due from Pfizer (InterCo A/R) | $ | - | $ | - | $ | 38,881 | $ | 238,301 | $ | 169,750 | $ | 173,073 | $ | 63,578 | ||||||||||||||||||
1300 - Inventory | ||||||||||||||||||||||||||||||||
1310 - Raw Materials | $ | 50,197,967 | $ | 50,073,645 | $ | 50,936,125 | $ | 53,109,562 | $ | - | $ | - | $ | - | ||||||||||||||||||
1315 - WIP | $ | 21,769,726 | $ | 20,985,116 | $ | 25,277,486 | $ | 34,491,417 | $ | - | $ | - | $ | - | ||||||||||||||||||
1320 - Finished Goods | $ | 6,055,009 | $ | 4,712,922 | $ | 4,525,522 | $ | 4,098,351 | $ | - | $ | - | $ | - | ||||||||||||||||||
1325 - Inventory In Transit | $ | 5,808,856 | $ | 5,612,363 | $ | 6,023 | $ | 0 | $ | 0 | $ | 0 | $ | - | ||||||||||||||||||
1330 - Inventory parts processing | $ | - | $ | - | $ | (71,081 | ) | $ | (35,267 | ) | $ | - | $ | - | $ | - | ||||||||||||||||
1335 - Capitalized inventory variances | $ | 9,462,034 | $ | 8,230,754 | $ | 8,230,754 | $ | 7,855,857 | $ | - | $ | - | $ | - | ||||||||||||||||||
1340 - Capitalized inventory overhead | $ | 11,960,789 | $ | 11,030,236 | $ | 11,030,236 | $ | 10,791,040 | $ | - | $ | - | $ | - | ||||||||||||||||||
1399 - Inventory Reserve | $ | (66,161,076 | ) | $ | (66,132,451 | ) | $ | (66,132,451 | ) | $ | (66,132,451 | ) | $ | - | $ | - | $ | - | ||||||||||||||
1420 - Consigned Inventory Consumed Not Credited | $ | 5,060,270 | $ | 4,848,916 | $ | 4,768,585 | $ | 4,785,867 | $ | - | $ | - | $ | - | ||||||||||||||||||
Total - 1300 - Inventory | $ | 44,153,575 | $ | 39,361,501 | $ | 38,571,199 | $ | 48,964,378 | $ | 0 | $ | 0 | $ | - | ||||||||||||||||||
1400 - Prepaid Taxes & Expenses | $ | 608,303 | $ | 661,811 | $ | 571,709 | $ | 96,250 | $ | - | $ | - | $ | - | ||||||||||||||||||
1301 - InterCo Inventory Transfers | $ | - | $ | - | $ | - | $ | (49,825,701 | ) | $ | (177,207 | ) | $ | (177,207 | ) | $ | - | |||||||||||||||
1401 - Advances Paid | $ | 564,946 | $ | 592,973 | $ | 567,973 | $ | 663,324 | $ | 575,206 | $ | 575,206 | $ | 536,113 | ||||||||||||||||||
1410 - Prepaid Insurance | $ | 2,703,194 | $ | 2,369,465 | $ | 2,087,559 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
1415 - Undeposited Funds | $ | 108,024 | $ | 80,787 | $ | 145,879 | $ | 970 | $ | 1,233 | $ | - | $ | - | ||||||||||||||||||
1416 - Undeposited Funds - Amazon | $ | 147,019 | $ | 165,630 | $ | 166,961 | $ | 154,148 | $ | 2,821 | $ | - | $ | - | ||||||||||||||||||
1417 - Undeposited funds - Amazon Reserve | $ | 144,903 | $ | 179,726 | $ | 79,857 | $ | 927 | $ | 3,238 | $ | - | $ | - | ||||||||||||||||||
1425 - Prepaid Inventory | $ | - | $ | (42,319 | ) | $ | 141,281 | $ | 54 | $ | 54 | $ | 54 | $ | - | |||||||||||||||||
1430 - Restricted Cash | $ | 400,000 | $ | 412,500 | $ | 412,500 | $ | 412,500 | $ | 12,500 | $ | 12,500 | $ | 12,500 | ||||||||||||||||||
1440 - Deposits ST | $ | 391,538 | $ | 396,338 | $ | 396,338 | $ | 396,338 | $ | 349,858 | $ | 291,945 | $ | 291,945 | ||||||||||||||||||
1445 - GST/HST Receivable | $ | 2,906 | $ | 2,906 | $ | 2,906 | $ | 2,906 | $ | 2,906 | $ | 2,906 | $ | 2,906 | ||||||||||||||||||
Total Other Current Asset | $ | 49,224,407 | $ | 44,181,319 | $ | 43,183,043 | $ | 1,104,394 | $ | 940,358 | $ | 878,477 | $ | 907,043 | ||||||||||||||||||
Total Current Assets | $ | 61,409,523 | $ | 57,173,327 | $ | 52,733,696 | $ | 10,071,251 | $ | 8,359,126 | $ | 6,285,667 | $ | 5,375,616 | ||||||||||||||||||
Fixed Assets | ||||||||||||||||||||||||||||||||
1500 - Fixed Assets | ||||||||||||||||||||||||||||||||
1510 - Property & Equipment | $ | 32,058,985 | $ | 32,058,985 | $ | 32,058,985 | $ | 32,058,985 | $ | - | $ | - | $ | - | ||||||||||||||||||
1520 - Furniture & Fixtures | $ | 2,262,184 | $ | 2,262,184 | $ | 2,262,184 | $ | 2,262,184 | $ | - | $ | - | $ | - | ||||||||||||||||||
1530 - Leasehold Improvements | $ | 2,255,630 | $ | 2,255,630 | $ | 2,255,630 | $ | 2,255,630 | $ | - | $ | - | $ | - | ||||||||||||||||||
Total - 1500 - Fixed Assets | $ | 36,576,798 | $ | 36,576,798 | $ | 36,576,798 | $ | 36,576,798 | $ | - | $ | - | $ | - | ||||||||||||||||||
1600 - Intangible Assets | ||||||||||||||||||||||||||||||||
1620 - Software Development/Licenses | $ | 1,512,288 | $ | 1,512,288 | $ | 1,512,288 | $ | 1,512,288 | $ | - | $ | - | $ | - | ||||||||||||||||||
1740 - Accumulated Amortization Software Development/Licenses | $ | (790,500 | ) | $ | (838,282 | ) | $ | (884,523 | ) | $ | (932,305 | ) | $ | - | $ | - | $ | - | ||||||||||||||
Total - 1600 - Intangible Assets | $ | 721,788 | $ | 674,006 | $ | 627,766 | $ | 579,984 | $ | - | $ | - | $ | - | ||||||||||||||||||
1700 - Accumulated Depreciation | ||||||||||||||||||||||||||||||||
1710 - Accumulated Depreciation Property & Equipment | $ | (10,317,292 | ) | $ | (10,807,560 | ) | $ | (11,281,998 | ) | $ | (11,772,039 | ) | $ | - | $ | - | $ | - | ||||||||||||||
1720 - Accumulated Depreciation Furniture & Fixtures | $ | (426,044 | ) | $ | (463,826 | ) | $ | (500,390 | ) | $ | (538,172 | ) | $ | - | $ | - | $ | - | ||||||||||||||
1730 - Accumulated Amortization Leasehold Improvements | $ | (1,548,505 | ) | $ | (1,618,351 | ) | $ | (1,685,944 | ) | $ | (1,755,789 | ) | $ | - | $ | - | $ | - | ||||||||||||||
Total - 1700 - Accumulated Depreciation | $ | (12,291,841 | ) | $ | (12,889,737 | ) | $ | (13,468,331 | ) | $ | (14,066,000 | ) | $ | - | $ | - | $ | - | ||||||||||||||
1800 - Construction In Progress (CIP) | $ | 25,651,372 | $ | 25,651,372 | $ | 25,235,169 | $ | 25,235,169 | $ | - | $ | - | $ | - | ||||||||||||||||||
Total Fixed Assets | $ | 50,658,117 | $ | 50,012,439 | $ | 48,971,402 | $ | 48,325,951 | $ | - | $ | - | $ | - | ||||||||||||||||||
Other Assets | ||||||||||||||||||||||||||||||||
1610 - Patent | $ | 5,644 | $ | 5,644 | $ | 5,644 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
1615 - Accumulated Amortization - Patent | $ | (5,644 | ) | $ | (5,644 | ) | $ | (5,644 | ) | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
1900 - Deposits | $ | 169,826 | $ | 169,826 | $ | 169,826 | $ | 169,826 | $ | - | $ | - | $ | - | ||||||||||||||||||
1910 - Right of Use Asset | $ | 18,591,220 | $ | 18,494,553 | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
1915 - Right of Use Asset - Contra Deferred Asset | $ | (2,032,610 | ) | $ | (2,165,349 | ) | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||
1920 - Long Term Restricted Cash | $ | 1,943,250 | $ | 1,943,250 | $ | 1,943,250 | $ | 1,943,250 | $ | - | $ | - | $ | - | ||||||||||||||||||
Total Other Assets | $ | 18,671,686 | $ | 18,442,280 | $ | 2,113,076 | $ | 2,113,076 | $ | - | $ | - | $ | - | ||||||||||||||||||
Total ASSETS | $ | 130,739,325 | $ | 125,628,046 | $ | 103,818,174 | $ | 60,510,278 | $ | 8,359,126 | $ | 6,285,667 | $ | 5,375,616 | ||||||||||||||||||
Liabilities & Equity | ||||||||||||||||||||||||||||||||
Current Liabilities | ||||||||||||||||||||||||||||||||
Accounts Payable | ||||||||||||||||||||||||||||||||
2000 - Accounts Payable (A/P) | $ | 42,032,243 | $ | 43,120,300 | $ | 20,930,778 | $ | 20,873,139 | $ | 8,564,636 | $ | 7,674,257 | $ | 7,761,029 | ||||||||||||||||||
2001 - AP Clearing - Pfizer | $ | - | $ | - | $ | - | $ | 49,966 | $ | - | $ | - | $ | - | ||||||||||||||||||
Total Accounts Payable | $ | 42,032,243 | $ | 43,120,300 | $ | 20,930,778 | $ | 20,923,105 | $ | 8,564,636 | $ | 7,674,257 | $ | 7,761,029 | ||||||||||||||||||
Credit Card | ||||||||||||||||||||||||||||||||
2145 - SVB Corporate Credit Card 6261 | $ | 5,502,564 | $ | 5,622,345 | $ | 5,675,044 | $ | 5,675,044 | $ | 5,675,044 | $ | - | $ | - | ||||||||||||||||||
2150 - SVB Corporate Credit Card Control 1649 | $ | (5,369,847 | ) | $ | (5,501,831 | ) | $ | (5,622,345 | ) | $ | (5,675,044 | ) | $ | (5,675,044 | ) | $ | - | $ | - | |||||||||||||
Total Credit Card | $ | 132,717 | $ | 120,514 | $ | 52,699 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
Other Current Liability | ||||||||||||||||||||||||||||||||
2010 - Operating Lease Liability - ST | $ | 2,713,372 | $ | 2,716,856 | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
2106 - FSA Payable | $ | 15,632 | $ | 13,853 | $ | 23,356 | $ | 11,645 | $ | 11,645 | $ | 11,645 | $ | 11,521 | ||||||||||||||||||
2107 - HSA Payable | $ | 1,151 | $ | 1,151 | $ | 3,033 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
2108 - Benefits clearing account | $ | 180 | $ | 270 | $ | 1,260 | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
2109 - ESPP | $ | (610 | ) | $ | (610 | ) | $ | (610 | ) | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
2160 - Accrued Purchases | $ | 1,818,542 | $ | 1,818,542 | $ | 1,778,942 | $ | 1,818,599 | $ | 1,818,599 | $ | 1,818,599 | $ | - | ||||||||||||||||||
2165 - Accrued Open POs | $ | 11,426,387 | $ | 11,426,387 | $ | 11,426,387 | $ | 11,426,387 | $ | 11,426,387 | $ | 212,075 | $ | 212,075 | ||||||||||||||||||
2180 - Customer advance payments | $ | - | $ | 26,120 | $ | 109,052 | $ | 28,019 | $ | 26,541 | $ | 26,463 | $ | - | ||||||||||||||||||
2200 - Accrued Liabilities | $ | 4,900,352 | $ | 4,286,355 | $ | - | $ | 3,429 | $ | - | $ | - | $ | - | ||||||||||||||||||
2220 - Accrued Payroll | $ | 25,674 | $ | 28,683 | $ | 609 | $ | 609 | $ | 609 | $ | 609 | $ | 609 | ||||||||||||||||||
2222 - Withheld Taxes | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
2240 - Accrued Sales & Use Tax | $ | 110,203 | $ | 109,624 | $ | 109,651 | $ | 109,651 | $ | 109,651 | $ | 109,651 | $ | - | ||||||||||||||||||
2245 - State Income Tax Payable | $ | (6,314 | ) | $ | (6,314 | ) | $ | (6,314 | ) | $ | (6,314 | ) | $ | (6,314 | ) | $ | (6,314 | ) | $ | - |
2250 - Sales Taxes Payable Amazon Canada | $ | 90 | $ | 273 | $ | 410 | $ | 439 | $ | 429 | $ | 429 | $ | - | ||||||||||||||||||
2251 - Canada Quebec Tax Payable | $ | 340 | $ | 340 | $ | 340 | $ | 340 | $ | 340 | $ | 340 | $ | - | ||||||||||||||||||
2252 - MB RST Tax Payable | $ | (99 | ) | $ | (99 | ) | $ | (99 | ) | $ | (99 | ) | $ | (99 | ) | $ | (99 | ) | $ | - | ||||||||||||
2253 - SK PST Tax Payable | $ | (10 | ) | $ | (10 | ) | $ | (10 | ) | $ | (10 | ) | $ | (10 | ) | $ | (10 | ) | $ | - | ||||||||||||
2255 - BC PST Tax Payable | $ | (1 | ) | $ | (66 | ) | $ | (66 | ) | $ | (66 | ) | $ | (66 | ) | $ | (66 | ) | $ | - | ||||||||||||
2260 - Sales Tax Payable Avalara | $ | 652,371 | $ | 674,443 | $ | 622,347 | $ | 589,772 | $ | 602,811 | $ | 602,811 | $ | - | ||||||||||||||||||
2262 - GST/HST Payable | $ | 1,402,959 | $ | 1,396,561 | $ | 1,396,561 | $ | 1,396,561 | $ | 1,396,561 | $ | 1,396,561 | $ | - | ||||||||||||||||||
2280 - Sales Return Allowance | $ | 11,478 | $ | 11,478 | $ | 11,478 | $ | 11,478 | $ | 11,478 | $ | 11,478 | $ | - | ||||||||||||||||||
2285 - Due to Pfizer (Interco A/P) | $ | - | $ | - | $ | - | $ | - | $ | (241,801 | ) | $ | (241,801 | ) | $ | - | ||||||||||||||||
2290 - Accrued Warranty Liability | $ | 51,232 | $ | 44,945 | $ | 44,945 | $ | 44,945 | $ | 44,945 | $ | 44,945 | $ | - | ||||||||||||||||||
Total Other Current Liability | $ | 23,122,929 | $ | 22,548,784 | $ | 15,521,275 | $ | 15,435,387 | $ | 15,201,708 | $ | 3,987,319 | $ | 224,206 | ||||||||||||||||||
Total Current Liabilities | $ | 65,287,889 | $ | 65,789,598 | $ | 36,504,752 | $ | 36,358,492 | $ | 23,766,344 | $ | 11,661,575 | $ | 7,985,235 | ||||||||||||||||||
Long Term Liabilities | ||||||||||||||||||||||||||||||||
2560 - Operating Lease Liability - LT | $ | 15,877,847 | $ | 15,777,696 | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
Total Long Term Liabilities | $ | 15,877,847 | $ | 15,777,696 | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
3100 - Common Stock | $ | 40,898 | $ | 41,613 | $ | 41,613 | $ | 41,613 | $ | 41,613 | $ | 41,613 | $ | 41,613 | ||||||||||||||||||
3150 - Additional Paid In Capital Common Stock | $ | 327,516,264 | $ | 327,728,845 | $ | 327,728,845 | $ | 327,728,845 | $ | 327,728,845 | $ | 327,728,845 | $ | 327,728,845 | ||||||||||||||||||
Total - Equity | $ | 327,557,162 | $ | 327,770,458 | $ | 327,770,458 | $ | 327,770,458 | $ | 327,770,458 | $ | 327,770,458 | $ | 327,770,458 | ||||||||||||||||||
3900 - Retained Earnings | $ | (265,806,472 | ) | $ | (265,806,472 | ) | $ | (265,806,472 | ) | $ | (265,806,472 | ) | $ | (265,806,472 | ) | $ | (265,806,472 | ) | $ | (265,806,472 | ) | |||||||||||
Net Income | $ | (12,177,101 | ) | $ | (17,903,234 | ) | $ | 5,349,437 | $ | (37,812,200 | ) | $ | (77,371,204 | ) | $ | (67,339,895 | ) | $ | (64,573,605 | ) | ||||||||||||
Total Equity | $ | 49,573,589 | $ | 44,060,752 | $ | 67,313,422 | $ | 24,151,786 | $ | (15,407,218 | ) | $ | (5,375,909 | ) | $ | (2,609,619 | ) | |||||||||||||||
Total Liabilities & Equity | $ | 130,739,325 | $ | 125,628,046 | $ | 103,818,174 | $ | 60,510,278 | $ | 8,359,126 | $ | 6,285,667 | $ | 5,375,616 | ||||||||||||||||||
Lucira Health, Inc.
Parent Company (Consolidated)
Trended Income Statement
Aug 2023
Financial Row | Feb 28, 2023 | Mar 31, 2023 | Apr 30, 2023 | May 31, 2023 | Jun 30, 2023 | Jul 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | ||||||||||||||||||||||||||||
Amount | Amount | Amount | Amount | Amount | Amount | Amount | Cumulative | |||||||||||||||||||||||||||||
Ordinary Income/Expense | ||||||||||||||||||||||||||||||||||||
Income | ||||||||||||||||||||||||||||||||||||
4010 - Grant Revenue | $ | 28,551 | $ | 270,851 | $ | 21,844 | $ | - | $ | - | $ | - | $ | - | $ | 321,246 | ||||||||||||||||||||
4050 - Shipping and Handling | $ | - | $ | (32,312 | ) | $ | - | $ | 32,312 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
4110 - Revenue - All in One Covid-19 Test K | $ | 2,862,892 | $ | 3,331,499 | $ | 1,282,827 | $ | 83,128 | $ | (342,879 | ) | $ | - | $ | - | $ | 7,217,466 | |||||||||||||||||||
4130 - Revenue Adjustment | $ | 2,575 | $ | (35 | ) | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 2,540 | |||||||||||||||||||
4700 - Sales Discounts - Amazon | $ | (596 | ) | $ | (439 | ) | $ | (311 | ) | $ | 2 | $ | 26 | $ | - | $ | - | $ | (1,318 | ) | ||||||||||||||||
4710 - Sales Discounts - Shopify | $ | (233,067 | ) | $ | (509,971 | ) | $ | (99,035 | ) | $ | (16,723 | ) | $ | 29,055 | $ | - | $ | - | $ | (829,741 | ) | |||||||||||||||
4715 - Early Pay Cash discount | $ | (183 | ) | $ | - | $ | (101 | ) | $ | - | $ | - | $ | - | $ | - | $ | (284 | ) | |||||||||||||||||
Total - Income | $ | 2,660,172 | $ | 3,059,593 | $ | 1,205,223 | $ | 98,719 | $ | (313,798 | ) | $ | - | $ | - | $ | 6,709,909 | |||||||||||||||||||
Cost Of Sales | ||||||||||||||||||||||||||||||||||||
5000 - Cost of Goods Sold | ||||||||||||||||||||||||||||||||||||
5110 - COGS - All in One Covid-19 Test K | $ | 2,257,376 | $ | 2,567,461 | $ | 749,094 | $ | 34,674 | $ | (161,496 | ) | $ | - | $ | - | $ | 5,447,109 | |||||||||||||||||||
5210 - Gain/loss | $ | 0 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 0 | ||||||||||||||||||||
5250 - Unbuild variance | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
5270 - Customer return variance | $ | 1,815 | $ | (256 | ) | $ | (725 | ) | $ | (774 | ) | $ | 1,514 | $ | 2,785 | $ | - | $ | 4,359 | |||||||||||||||||
5280 - Outbound Freight | $ | 305,808 | $ | 44,266 | $ | 38,829 | $ | 33,808 | $ | 14,157 | $ | - | $ | (11 | ) | $ | 436,856 | |||||||||||||||||||
5285 - Freight In - Inventory | $ | 21,782 | $ | 750 | $ | 8,542 | $ | - | $ | 175 | $ | - | $ | - | $ | 31,249 | ||||||||||||||||||||
5290 - Direct Costs | $ | 222,668 | $ | 252,127 | $ | 40,261 | $ | 115,169 | $ | (43,683 | ) | $ | 847 | $ | 3,894 | $ | 591,283 | |||||||||||||||||||
5300 - Purchase Price Variance | $ | 0 | $ | (0 | ) | $ | (0 | ) | $ | 1,502 | $ | (1,502 | ) | $ | - | $ | - | $ | 0 | |||||||||||||||||
5310 - Production quantity variance | $ | (97,016 | ) | $ | (2,247 | ) | $ | (41 | ) | $ | - | $ | - | $ | - | $ | - | $ | (99,304 | ) | ||||||||||||||||
5320 - Production price variance | $ | 112,335 | $ | 92,881 | $ | 64,468 | $ | (51,574 | ) | $ | 0 | $ | - | $ | - | $ | 218,109 | |||||||||||||||||||
5330 - Inventory cost revaluation | $ | - | $ | - | $ | - | $ | (1,483 | ) | $ | 1,483 | $ | - | $ | - | $ | - | |||||||||||||||||||
5340 - Scrap | $ | 555,157 | $ | - | $ | - | $ | 610,149 | $ | (457,069 | ) | $ | - | $ | - | $ | 708,237 | |||||||||||||||||||
5345 - Excess and Obsolete | $ | - | $ | (28,625 | ) | $ | - | $ | - | $ | - | $ | - | $ | - | $ | (28,625 | ) | ||||||||||||||||||
5350 - Inventory count discrepancy | $ | - | $ | 135,085 | $ | (23,424 | ) | $ | 121,078 | $ | - | $ | - | $ | - | $ | 232,740 | |||||||||||||||||||
5370 - Overhead Allocation | $ | 1,572,441 | $ | 1,585,860 | $ | - | $ | 235,468 | $ | (39,755 | ) | $ | - | $ | - | $ | 3,354,014 | |||||||||||||||||||
5385 - Capitalized Variances | $ | 804,862 | $ | 1,245,778 | $ | - | $ | 374,896 | $ | (66,525 | ) | $ | - | $ | - | $ | 2,359,011 | |||||||||||||||||||
5390 - Warranty Expense | $ | - | $ | (6,287 | ) | $ | - | $ | - | $ | - | $ | - | $ | - | $ | (6,287 | ) | ||||||||||||||||||
Total - 5000 - Cost of Goods Sold | $ | 5,757,227 | $ | 5,886,791 | $ | 877,005 | $ | 1,472,913 | $ | (752,700 | ) | $ | 3,632 | $ | 3,883 | $ | 13,248,751 | |||||||||||||||||||
Total - Cost Of Sales | $ | 5,757,227 | $ | 5,886,791 | $ | 877,005 | $ | 1,472,913 | $ | (752,700 | ) | $ | 3,632 | $ | 3,883 | $ | 13,248,751 | |||||||||||||||||||
Gross Profit | $ | (3,097,055 | ) | $ | (2,827,199 | ) | $ | 328,219 | $ | (1,374,194 | ) | $ | 438,902 | $ | (3,632 | ) | $ | (3,883 | ) | $ | (6,538,843 | ) | ||||||||||||||
Expense | ||||||||||||||||||||||||||||||||||||
6000 - Salary and Fringe Benefits | ||||||||||||||||||||||||||||||||||||
6010 - Salary | $ | 1,108,050 | $ | 912,389 | $ | 640,167 | $ | 152,617 | $ | 78,333 | $ | 39,167 | $ | 78,333 | $ | 3,009,057 | ||||||||||||||||||||
6020 - Overtime | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
6091 - Direct Labor | $ | 11,738 | $ | 21,132 | $ | 8,981 | $ | - | $ | - | $ | - | $ | - | $ | 41,851 | ||||||||||||||||||||
6110 - Vacation Pay | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
6120 - Holiday Pay | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
6140 - Incentive Compensation | $ | - | $ | - | $ | 307,112 | $ | - | $ | - | $ | 307,112 | $ | - | $ | 614,224 | ||||||||||||||||||||
6145 - Commission | $ | 25,065 | $ | 28,074 | $ | - | $ | 8,045 | $ | - | $ | - | $ | - | $ | 61,183 | ||||||||||||||||||||
6150 - Employee Health Insurance | $ | 218,659 | $ | 42,105 | $ | (30,308 | ) | $ | (3,536 | ) | $ | (21,154 | ) | $ | - | $ | 4,611 | $ | 210,378 | |||||||||||||||||
6155 - Employee Vision Insurance | $ | 3,103 | $ | (329 | ) | $ | 3,398 | $ | (12 | ) | $ | - | $ | - | $ | - | $ | 6,160 | ||||||||||||||||||
6160 - Employee Dental Insurance | $ | 16,071 | $ | (1,300 | ) | $ | 17,958 | $ | 170 | $ | - | $ | - | $ | - | $ | 32,900 | |||||||||||||||||||
6170 - Employee Life and Disability | $ | 15,306 | $ | 7,512 | $ | 5,818 | $ | (398 | ) | $ | - | $ | - | $ | - | $ | 28,237 | |||||||||||||||||||
6180 - Other Fringe Benefits | $ | 15,572 | $ | 10,691 | $ | 10,692 | $ | 2,827 | $ | 1,054 | $ | 119 | $ | 318 | $ | 41,272 | ||||||||||||||||||||
6190 - Workers Comp | $ | 9,451 | $ | 9,451 | $ | 9,451 | $ | 9,451 | $ | (9,451 | ) | $ | - | $ | - | $ | 28,353 | |||||||||||||||||||
6210 - Payroll Taxes | $ | 103,941 | $ | 73,169 | $ | 62,454 | $ | 9,659 | $ | 1,751 | $ | 22,255 | $ | 1,684 | $ | 274,914 | ||||||||||||||||||||
6220 - Payroll processing fee | $ | 7,803 | $ | 7,991 | $ | 5,855 | $ | 3,024 | $ | 1,519 | $ | 1,461 | $ | 1,902 | $ | 29,555 | ||||||||||||||||||||
6230 - Training/Education | $ | 110 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 110 | ||||||||||||||||||||
6240 - Employee relations | $ | 202 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 202 | ||||||||||||||||||||
6260 - Stock based compensation | $ | 214,978 | $ | (287,252 | ) | $ | - | $ | - | $ | - | $ | - | $ | - | $ | (72,274 | ) | ||||||||||||||||||
Total - 6000 - Salary and Fringe Benefits | $ | 1,750,047 | $ | 823,633 | $ | 1,041,578 | $ | 181,847 | $ | 52,053 | $ | 370,114 | $ | 86,849 | $ | 4,306,121 | ||||||||||||||||||||
6300 - Professional Fees | ||||||||||||||||||||||||||||||||||||
6310 - Accounting/Finance | $ | 68,005 | $ | 38,902 | $ | 1,228 | $ | 93,090 | $ | 10,582 | $ | 61,616 | $ | 430 | $ | 273,853 | ||||||||||||||||||||
6320 - Recruiting | $ | - | $ | - | $ | - | $ | (50,000 | ) | $ | - | $ | - | $ | - | $ | (50,000 | ) | ||||||||||||||||||
6330 - IT Consultants | $ | 23,327 | $ | 7,396 | $ | - | $ | (55 | ) | $ | 556 | $ | - | $ | - | $ | 31,224 | |||||||||||||||||||
6340 - Consultants | $ | 338,274 | $ | 211,456 | $ | 25,037 | $ | (4,719 | ) | $ | 35,936 | $ | 25,461 | $ | 23,060 | $ | 654,505 | |||||||||||||||||||
6350 - Other Professional Fees | $ | 66,424 | $ | 127,161 | $ | 76,633 | $ | 59,704 | $ | 9,514 | $ | 2,414 | $ | 280,833 | $ | 622,682 | ||||||||||||||||||||
6360 - Legal Corporate | $ | 715,947 | $ | 458,561 | $ | (727,935 | ) | $ | - | $ | 1,297,843 | $ | 835,574 | $ | 677,333 | $ | 3,257,323 | |||||||||||||||||||
6391 - Direct Subcontractors | $ | 35,000 | $ | 135,447 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 170,447 | ||||||||||||||||||||
6392 - Direct Consultants | $ | (142,454 | ) | $ | 891 | $ | (10,245 | ) | $ | - | $ | - | $ | - | $ | - | $ | (151,809 | ) | |||||||||||||||||
6394 - Unallowable Legal Fees IP | $ | 11,074 | $ | 32,436 | $ | (0 | ) | $ | 10,566 | $ | 265 | $ | - | $ | - | $ | 54,341 | |||||||||||||||||||
Total - 6300 - Professional Fees | $ | 1,115,597 | $ | 1,012,250 | $ | (635,283 | ) | $ | 108,585 | $ | 1,354,696 | $ | 925,064 | $ | 981,656 | $ | 4,862,565 | |||||||||||||||||||
6400 - Travel and Entertainment | ||||||||||||||||||||||||||||||||||||
6410 - Airfare | $ | 2,558 | $ | 4,087 | $ | 418 | $ | - | $ | - | $ | - | $ | - | $ | 7,063 | ||||||||||||||||||||
6420 - Ground Transportation | $ | 936 | $ | - | $ | 164 | $ | - | $ | - | $ | - | $ | - | $ | 1,100 | ||||||||||||||||||||
6430 - Meals & Snack | $ | 237 | $ | 85 | $ | 209 | $ | - | $ | - | $ | - | $ | - | $ | 531 | ||||||||||||||||||||
6440 - Lodging | $ | 4,509 | $ | - | $ | 309 | $ | - | $ | - | $ | - | $ | - | $ | 4,818 | ||||||||||||||||||||
6495 - Indirect Travel | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
6494 - Direct Travel | $ | 421 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 421 | ||||||||||||||||||||
Total - 6400 - Travel and Entertainment | $ | 8,661 | $ | 4,172 | $ | 1,101 | $ | - | $ | - | $ | - | $ | - | $ | 13,933 | ||||||||||||||||||||
6500 - Supplies and Materials | ||||||||||||||||||||||||||||||||||||
6520 - Lab Supplies | $ | 41,400 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 41,400 | ||||||||||||||||||||
6540 - Internal consumable | $ | 2,625 | $ | 826 | $ | - | $ | 3,727 | $ | (237 | ) | $ | - | $ | - | $ | 6,941 | |||||||||||||||||||
6591 - Direct Materials | $ | 152,522 | $ | 36 | $ | (244,309 | ) | $ | - | $ | - | $ | - | $ | - | $ | (91,751 | ) | ||||||||||||||||||
6592 - Direct Equipment | $ | 2,949 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 2,949 | ||||||||||||||||||||
6593 - Other Direct Costs | $ | 1,160 | $ | - | $ | 8 | $ | - | $ | - | $ | - | $ | - | $ | 1,168 | ||||||||||||||||||||
Total - 6500 - Supplies and Materials | $ | 200,656 | $ | 862 | $ | (244,301 | ) | $ | 3,727 | $ | (237 | ) | $ | - | $ | - | $ | (39,293 | ) | |||||||||||||||||
6600 - Office related expenses | ||||||||||||||||||||||||||||||||||||
6610 - Dues & Subscriptions | $ | 462,822 | $ | 150,697 | $ | 134,013 | $ | 316,239 | $ | (299,537 | ) | $ | - | $ | - | $ | 764,234 | |||||||||||||||||||
6620 - Office Supplies | $ | 661 | $ | 147 | $ | - | $ | 2,237 | $ | - | $ | - | $ | - | $ | 3,045 | ||||||||||||||||||||
6630 - Computer Supplies | $ | 1,892 | $ | 1,832 | $ | 973 | $ | 9,644 | $ | (9,644 | ) | $ | - | $ | - | $ | 4,697 | |||||||||||||||||||
6650 - Taxes and Licenses | $ | (1,299 | ) | $ | 1,019 | $ | - | $ | 1,136 | $ | 13,821 | $ | - | $ | - | $ | 14,676 | |||||||||||||||||||
6660 - Licenses, Permits & Fees | $ | 26,346 | $ | 15,713 | $ | 31,221 | $ | 140,222 | $ | (142,012 | ) | $ | - | $ | - | $ | 71,490 | |||||||||||||||||||
6665 - Bank Charges | $ | 7,522 | $ | 22,906 | $ | 11,191 | $ | 6,701 | $ | (51,799 | ) | $ | 259 | $ | 289 | $ | (2,931 | ) | ||||||||||||||||||
6670 - General insurance | $ | 285,815 | $ | 305,419 | $ | 272,455 | $ | 2,078,108 | $ | (2,078,108 | ) | $ | - | $ | - | $ | 863,688 | |||||||||||||||||||
Total - 6600 - Office related expenses | $ | 783,759 | $ | 497,733 | $ | 449,852 | $ | 2,554,287 | $ | (2,567,279 | ) | $ | 259 | $ | 289 | $ | 1,718,900 | |||||||||||||||||||
6700 - Facility related expenses | ||||||||||||||||||||||||||||||||||||
6710 - Postage & Delivery | $ | 90 | $ | 180 | $ | 122 | $ | - | $ | 1,630 | $ | - | $ | 552 | $ | 2,575 | ||||||||||||||||||||
6715 - Freight in | $ | 3,978 | $ | 277 | $ | 361 | $ | (147 | ) | $ | 117 | $ | - | $ | - | $ | 4,586 |
6720 - Office Rent | $ | 307,093 | $ | 312,203 | $ | 72,695 | $ | - | $ | (58,223 | ) | $ | 100,923 | $ | - | $ | 734,690 | |||||||||||||||||||
6730 - Utilities | $ | 1,111 | $ | 5,481 | $ | 16,277 | $ | 8,032 | $ | 1,708 | $ | 25 | $ | - | $ | 32,633 | ||||||||||||||||||||
6740 - Telecommunication expense | $ | 6,241 | $ | 7,757 | $ | 1,945 | $ | 1,075 | $ | 602 | $ | - | $ | 173 | $ | 17,792 | ||||||||||||||||||||
6750 - Repairs and Maintenance | $ | 42,755 | $ | 4,173 | $ | 241 | $ | - | $ | 1,785 | $ | - | $ | - | $ | 48,955 | ||||||||||||||||||||
Total - 6700 - Facility related expenses | $ | 361,267 | $ | 330,071 | $ | 91,641 | $ | 8,959 | $ | (52,380 | ) | $ | 100,948 | $ | 725 | $ | 841,231 | |||||||||||||||||||
6800 - Sales and Marketing expenses | ||||||||||||||||||||||||||||||||||||
6810 - Advertising/Promotional | $ | 129,737 | $ | 89,791 | $ | 45,421 | $ | - | $ | - | $ | - | $ | 7,487 | $ | 272,435 | ||||||||||||||||||||
6820 - Demo | $ | 8,945 | $ | 3,085 | $ | 292 | $ | - | $ | - | $ | - | $ | - | $ | 12,322 | ||||||||||||||||||||
6825 - Amazon Marketplace Fees | $ | 105,885 | $ | 112,675 | $ | 57,360 | $ | 20,817 | $ | (18,595 | ) | $ | (25,365 | ) | $ | 17,425 | $ | 270,203 | ||||||||||||||||||
6830 - Shopify Fees | $ | (3,355 | ) | $ | 44,576 | $ | 29,256 | $ | 36,645 | $ | (2,187 | ) | $ | 1,155 | $ | - | $ | 106,089 | ||||||||||||||||||
Total - 6800 - Sales and Marketing expenses | $ | 241,212 | $ | 250,128 | $ | 132,328 | $ | 57,462 | $ | (20,783 | ) | $ | (24,209 | ) | $ | 24,912 | $ | 661,050 | ||||||||||||||||||
6900 - Depreciation and Amortization | ||||||||||||||||||||||||||||||||||||
6910 - Depreciation | $ | 540,035 | $ | 597,895 | $ | 578,594 | $ | 597,669 | $ | (597,669 | ) | $ | - | $ | - | $ | 1,716,524 | |||||||||||||||||||
6920 - Amortization | $ | 43,158 | $ | 47,782 | $ | 46,241 | $ | 47,782 | $ | (47,782 | ) | $ | - | $ | - | $ | 137,180 | |||||||||||||||||||
Total - 6900 - Depreciation and Amortization | $ | 583,193 | $ | 645,677 | $ | 624,835 | $ | 645,451 | $ | (645,451 | ) | $ | - | $ | - | $ | 1,853,705 | |||||||||||||||||||
6950 - Allocations | ||||||||||||||||||||||||||||||||||||
6960 - Office and facilities Allocations | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
6999 - Transfers between Entities | $ | - | $ | - | $ | - | $ | (51,717,447 | ) | $ | 51,439,586 | $ | 2,625 | $ | 275,236 | $ | 0 | |||||||||||||||||||
6970 - Overhead allocations | $ | (827,230 | ) | $ | (656,133 | ) | $ | - | $ | - | $ | - | $ | - | $ | - | $ | (1,483,363 | ) | |||||||||||||||||
Total - 6950 - Allocations | $ | (827,230 | ) | $ | (656,133 | ) | $ | - | $ | (51,717,447 | ) | $ | 51,439,586 | $ | 2,625 | $ | 275,236 | $ | (1,483,363 | ) | ||||||||||||||||
Total - Expense | $ | 4,217,161 | $ | 2,908,394 | $ | 1,461,750 | $ | (48,157,128 | ) | $ | 49,560,206 | $ | 1,374,800 | $ | 1,369,666 | $ | 12,734,849 | |||||||||||||||||||
Net Ordinary Income | $ | (7,314,217 | ) | $ | (5,735,593 | ) | $ | (1,133,531 | ) | $ | 46,782,934 | $ | (49,121,304 | ) | $ | (1,378,433 | ) | $ | (1,373,549 | ) | $ | (19,273,692 | ) | |||||||||||||
Other Income and Expenses | ||||||||||||||||||||||||||||||||||||
Other Income | ||||||||||||||||||||||||||||||||||||
8000 - Other Income | ||||||||||||||||||||||||||||||||||||
8010 - Interest Income | $ | 16,437 | $ | 9,449 | $ | 938 | $ | 20 | $ | (106 | ) | $ | - | $ | - | $ | 26,738 | |||||||||||||||||||
Total - 8000 - Other Income | $ | 16,437 | $ | 9,449 | $ | 938 | $ | 20 | $ | (106 | ) | $ | - | $ | - | $ | 26,738 | |||||||||||||||||||
Total - Other Income | $ | 16,437 | $ | 9,449 | $ | 938 | $ | 20 | $ | (106 | ) | $ | - | $ | - | $ | 26,738 | |||||||||||||||||||
Other Expense | ||||||||||||||||||||||||||||||||||||
7000 - Other expenses 7015 - Bad Debt | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 0.00 | $ | 37,000.70 | $ | 37,000.70 | ||||||||||||||||||||
7030 - State Income Taxes | $ | - | $ | - | $ | 44,650 | $ | - | $ | 400 | $ | 0.00 | $ | 0.00 | $ | 45,050.00 | ||||||||||||||||||||
Total - 7000 - Other expenses | $ | 0.00 | $ | 0.00 | $ | 44,650.00 | $ | 0.00 | $ | 400.00 | $ | 0.00 | $ | 37,000.70 | $ | 82,050.70 | ||||||||||||||||||||
7080 - FX Realized Gain/Loss | $ | 206 | $ | (11 | ) | $ | 7 | $ | (256 | ) | $ | 1 | $ | - | $ | - | $ | (53 | ) | |||||||||||||||||
Rounding Gain/Loss | $ | (0 | ) | $ | 0 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 0 | |||||||||||||||||||
Unrealized Gain/Loss | $ | - | $ | - | $ | (24,429,921 | ) | $ | 89,936,985 | $ | (9,554,733 | ) | $ | (11,409,742 | ) | $ | (4,176,839 | ) | $ | 40,365,749 | ||||||||||||||||
Total - Other Expense | $ | 206 | ($ | 11 | ) | ($ | 24,385,264 | ) | $ | 89,936,728 | ($ | 9,554,332 | ) | ($ | 11,409,742 | ) | ($ | 4,139,839 | ) | $ | 40,447,747 | |||||||||||||||
Net Other Income | $ | 16,231 | $ | 9,460 | $ | 24,386,202 | $ | (89,936,708 | ) | $ | 9,554,226 | $ | 11,409,742 | $ | 4,139,839 | $ | (40,421,009 | ) | ||||||||||||||||||
Net Income | $ | (7,297,985 | ) | $ | (5,726,133 | ) | $ | 23,252,670 | $ | (43,153,774 | ) | $ | (39,567,078 | ) | $ | 10,031,309 | $ | 2,766,290 | $ | (59,694,701 | ) |
Bank Account Balances - Per Bank |
| |||||||||||||||||||||||||||||||||||
Ending | Ending | Ending | Ending | Ending | Ending | Ending | Ending | |||||||||||||||||||||||||||||
Bk # | Balance | Balance | Balance | Balance | Balance | Balance | Balance | Balance | ||||||||||||||||||||||||||||
Feb 22, 2023 | Feb 28, 2023 | Mar 31, 2023 | Apr 30, 2023 | May 31, 2023 | Jun 30, 2023 | Jul 31, 2023 | Aug 31, 2023 | |||||||||||||||||||||||||||||
SVB Analysis Checking | 4899 | $ | 1,000,000 | $ | 1,000,018 | $ | 1,000,020 | $ | 72,046 | $ | 49,487 | $ | - | $ | - | $ | - | |||||||||||||||||||
CNB Checking | 1936 | $ | - | $ | - | $ | 1,328,612 | $ | 9,404,278 | $ | 8,972,917 | $ | 7,417,309 | $ | 5,318,548 | $ | 4,428,417 | |||||||||||||||||||
SVB Cash Sweep | 5812 | $ | 3,240,390 | $ | 1,864,207 | $ | 1,134,154 | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Collateral MMA | 7555 | $ | 400,000 | $ | 400,000 | $ | 400,000 | $ | 400,000 | $ | 400,000 | $ | - | $ | - | $ | - | |||||||||||||||||||
CNB Collateral | 2274 | $ | - | $ | - | $ | 12,500 | $ | 12,500 | $ | 12,500 | $ | 12,500 | $ | 12,500 | $ | 12,500 | |||||||||||||||||||
Collateral MMA | 7933 | $ | 743,250 | $ | 743,250 | $ | 743,250 | $ | 743,250 | $ | 743,250 | $ | - | $ | - | $ | - | |||||||||||||||||||
Collateral MMA | 1784 | $ | 1,200,000 | $ | 1,200,000 | $ | 1,200,000 | $ | 1,200,000 | $ | 1,200,000 | $ | - | $ | - | $ | - | |||||||||||||||||||
|
| |||||||||||||||||||||||||||||||||||
$ | 6,583,640 | $ | 5,207,474 | $ | 5,818,535 | $ | 11,832,074 | $ | 11,378,154 | $ | 7,429,809 | $ | 5,331,048 | $ | 4,440,917 | |||||||||||||||||||||
Bank Account Book Balances |
| |||||||||||||||||||||||||||||||||||
Ending | Ending | Ending | Ending | Ending | Ending | Ending | Ending | |||||||||||||||||||||||||||||
Balance | Balance | Balance | Balance | Balance | Balance | Balance | Balance | |||||||||||||||||||||||||||||
Feb 22, 2023 | Feb 28, 2023 | Mar 31, 2023 | Apr 30, 2023 | May 31, 2023 | Jun 30, 2023 | Jul 31, 2023 | Aug 31, 2023 | |||||||||||||||||||||||||||||
SVB Analysis Checking | 4899 | $ | 927,108 | $ | 910,373 | $ | 820,721 | $ | (9,674 | ) | $ | 49,487 | $ | - | $ | - | $ | - | ||||||||||||||||||
CNB Checking | 1936 | $ | - | $ | - | $ | 1,328,612 | $ | 9,404,278 | $ | 9,006,676 | $ | 7,407,686 | $ | 5,407,320 | $ | 4,468,573 | |||||||||||||||||||
SVB Cash Sweep | 5812 | $ | 2,889,542 | $ | 1,880,626 | $ | 1,143,583 | $ | 918 | $ | - | $ | 98 | $ | 98 | $ | - | |||||||||||||||||||
Collateral MMA | 7555 | $ | 400,000 | $ | 400,000 | $ | 412,500 | $ | 412,500 | $ | 412,500 | $ | 12,500 | $ | 12,500 | $ | 12,500 | |||||||||||||||||||
Collateral MMA | 7933 | $ | 743,250 | $ | 743,250 | $ | 743,250 | $ | 743,250 | $ | 743,250 | $ | - | $ | - | $ | - | |||||||||||||||||||
Collateral MMA | 1784 | $ | 1,200,000 | $ | 1,200,000 | $ | 1,200,000 | $ | 1,200,000 | $ | 1,200,000 | $ | - | $ | - | $ | - | |||||||||||||||||||
Bill.com Money in Clearing | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | (37,225 | ) | $ | - | ||||||||||||||||||
|
| |||||||||||||||||||||||||||||||||||
$ | 6,159,900 | $ | 5,134,249 | $ | 5,648,666 | $ | 11,751,272 | $ | 11,411,913 | $ | 7,420,284 | $ | 5,382,693 | $ | 4,481,073 | |||||||||||||||||||||
$ | (423,740 | ) | $ | (73,226 | ) | $ | (169,869 | ) | $ | (80,802 | ) | $ | 33,759 | $ | (9,525 | ) | $ | 51,645 | $ | 40,156 |