Company Quick10K Filing
Quick10K
Landcadia
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$10.13 70 $708
10-Q 2019-06-30 Quarter: 2019-06-30
10-Q 2019-03-31 Quarter: 2019-03-31
10-K 2018-12-31 Annual: 2018-12-31
10-Q 2018-09-30 Quarter: 2018-09-30
10-Q 2018-06-30 Quarter: 2018-06-30
10-Q 2018-03-31 Quarter: 2018-03-31
10-K 2017-12-31 Annual: 2017-12-31
10-Q 2017-09-30 Quarter: 2017-09-30
10-Q 2017-06-30 Quarter: 2017-06-30
10-Q 2017-03-31 Quarter: 2017-03-31
10-K 2016-12-31 Annual: 2016-12-31
10-Q 2016-09-30 Quarter: 2016-09-30
10-Q 2016-06-30 Quarter: 2016-06-30
8-K 2019-09-11 Officers, Exhibits
8-K 2019-08-30 Officers, Exhibits
8-K 2019-08-13 Officers, Exhibits
8-K 2019-08-08 Earnings, Officers, Regulation FD, Exhibits
8-K 2019-06-12 Officers, Regulation FD, Exhibits
8-K 2019-06-05 Shareholder Vote
8-K 2019-05-30 Regulation FD, Exhibits
8-K 2019-05-21 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-17 Regulation FD, Exhibits
8-K 2019-05-16 Regulation FD, Exhibits
8-K 2019-05-16 Enter Agreement, Regulation FD, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-04-24 Officers
8-K 2019-04-18 Officers, Other Events, Exhibits
8-K 2019-04-03 Regulation FD, Exhibits
8-K 2019-03-07 Earnings, Exhibits
8-K 2019-02-25 Enter Agreement, Shareholder Rights, Shareholder Vote, Other Events, Exhibits
8-K 2019-02-10 Earnings, Officers, Other Events, Exhibits
8-K 2019-01-25 Other Events, Exhibits
8-K 2019-01-25 Other Events, Exhibits
8-K 2019-01-17 Enter Agreement, M&A, Off-BS Arrangement, Officers, Regulation FD, Exhibits
8-K 2018-12-17
8-K 2018-12-11 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-12-04 Regulation FD, Exhibits
8-K 2018-12-02 Accountant
8-K 2018-11-15 Enter Agreement, M&A, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Accountant, Control, Officers, Amend Bylaw, Shell Status, Exhibits
8-K 2018-11-08 Regulation FD, Exhibits
8-K 2018-11-01 Other Events, Exhibits
8-K 2018-10-02 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-10-01 Regulation FD, Exhibits
8-K 2018-08-21 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2018-08-02 Regulation FD, Exhibits
8-K 2018-05-30 Enter Agreement, Amend Bylaw, Exhibits
8-K 2018-05-21 Regulation FD, Exhibits
8-K 2018-05-16 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-01-02
CVON Convergeone Holdings 725
FNRN First Northern Community Bancorp 169
POWW Ammo 70
PFHO Pacific Health Care Organization 57
SMRN Smartag International 43
PAYM PayMeOn 40
PADR Asia Pacific Boiler 24
PQ Petroquest Energy 4
RMES Red Metal Resources 4
WMTS World Monitor Trust III - Series J 0
LCA 2019-06-30
Part I. Financial Information
Item 1. Condensed Consolidated Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-31.1 wtrh-ex311_9.htm
EX-31.2 wtrh-ex312_6.htm
EX-32.1 wtrh-ex321_7.htm
EX-32.2 wtrh-ex322_8.htm

Landcadia Earnings 2019-06-30

LCA 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

10-Q 1 wtrh-10q_20190630.htm 10-Q wtrh-10q_20190630.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(Mark One)

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended June 30, 2019

OR

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM                      TO                     

 

Commission File Number 001-37788

 

WAITR HOLDINGS INC.

(Exact name of Registrant as specified in its Charter)

 

 

Delaware

 

26-3828008

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer
Identification No.)

844 Ryan Street, Suite 300

Lake Charles, Louisiana

 

70601

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: 1-337-534-6881

 

 

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES  NO 

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). YES  NO 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

  

Accelerated filer

 

 

 

 

 

Non-accelerated filer

 

  

Smaller reporting company

 

 

 

 

 

 

 

 

Emerging growth company

 

 

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES  NO  

 

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock, Par Value $0.0001 Per Share

 

WTRH

 

The Nasdaq Stock Market LLC

The number of shares of Registrant’s Common Stock outstanding as of August 6, 2019 was 76,684,094.

 

 


 

Table of Contents

 

 

 

Page

PART I

Financial Information

1

Item 1.

Condensed Consolidated Financial Statements (unaudited)

1

 

Condensed Consolidated Balance Sheets as of June 30, 2019 and December 31, 2018

1

 

Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2019 and 2018

2

 

Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2019 and 2018

3

 

Condensed Consolidated Statements of Stockholders’ Equity (Deficit) for the three and six months ended June 30, 2019

4

 

Condensed Consolidated Statements of Stockholders’ Equity (Deficit) for the three and six months ended June 30, 2018

5

 

Notes to Condensed Consolidated Financial Statements

6

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

22

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

32

Item 4.

Controls and Procedures

32

 

 

 

PART II

Other Information

34

Item 1.

Legal Proceedings

34

Item 1A.

Risk Factors

34

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

34

Item 3.

Defaults Upon Senior Securities

34

Item 4.

Mine Safety Disclosures

34

Item 5.

Other Information

34

Item 6.

Exhibits

35

 

 

 

 

Signatures

36

 

 

 

 


 

PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements

WAITR HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

Unaudited

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

Cash

 

$

72,827

 

 

$

209,340

 

Accounts receivable, net

 

 

7,149

 

 

 

3,687

 

Capitalized contract costs, current

 

 

2,601

 

 

 

1,869

 

Prepaid expenses and other current assets

 

 

9,673

 

 

 

4,548

 

TOTAL CURRENT ASSETS

 

 

92,250

 

 

 

219,444

 

Property and equipment, net

 

 

4,511

 

 

 

4,551

 

Capitalized contract costs, noncurrent

 

 

1,191

 

 

 

827

 

Goodwill

 

 

225,946

 

 

 

1,408

 

Intangible assets, net

 

 

96,863

 

 

 

261

 

Other noncurrent assets

 

 

539

 

 

 

61

 

TOTAL ASSETS

 

$

421,300

 

 

$

226,552

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

LIABILITIES:

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

Accounts payable

 

$

2,188

 

 

$

1,827

 

Restaurant food liability

 

 

7,537

 

 

 

208

 

Accrued payroll

 

 

8,294

 

 

 

3,055

 

Short-term loan

 

 

5,032

 

 

 

658

 

Deferred revenue, current

 

 

3,472

 

 

 

3,314

 

Income tax payable

 

 

 

 

 

25

 

Other current liabilities

 

 

12,597

 

 

 

4,508

 

TOTAL CURRENT LIABILITIES

 

 

39,120

 

 

 

13,595

 

Long-term debt

 

 

118,364

 

 

 

80,985

 

Accrued workers’ compensation liability

 

 

603

 

 

 

908

 

Deferred revenue, noncurrent

 

 

1,048

 

 

 

1,356

 

Other noncurrent liabilities

 

 

287

 

 

 

217

 

TOTAL LIABILITIES

 

 

159,422

 

 

 

97,061

 

Commitment and contingencies (Note 11)

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY:

 

 

 

 

 

 

 

 

Common stock, $0.0001 par value; 249,000,000 shares authorized and 76,134,094

   and 54,035,538 shares issued and outstanding at June 30, 2019 and

   December 31, 2018, respectively

 

 

8

 

 

 

5

 

Additional paid in capital

 

 

382,402

 

 

 

200,417

 

Accumulated deficit

 

 

(120,532

)

 

 

(70,931

)

TOTAL STOCKHOLDERS’ EQUITY

 

 

261,878

 

 

 

129,491

 

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

 

$

421,300

 

 

$

226,552

 

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

1


 

WAITR HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

(unaudited)

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

REVENUE

 

$

51,342

 

 

$

16,160

 

 

$

99,374

 

 

$

28,569

 

COSTS AND EXPENSES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operations and support

 

 

39,698

 

 

 

11,918

 

 

 

75,881

 

 

 

21,034

 

Sales and marketing

 

 

15,339

 

 

 

2,805

 

 

 

25,662

 

 

 

5,169

 

Research and development

 

 

2,149

 

 

 

609

 

 

 

4,089

 

 

 

1,197

 

General and administrative

 

 

12,380

 

 

 

7,842

 

 

 

31,298

 

 

 

11,355

 

Depreciation and amortization

 

 

4,824

 

 

 

276

 

 

 

8,940

 

 

 

502

 

Impairment of intangible assets

 

 

 

 

 

 

 

 

18

 

 

 

 

Loss on disposal of assets

 

 

10

 

 

 

 

 

 

15

 

 

 

8

 

TOTAL COSTS AND EXPENSES

 

 

74,400

 

 

 

23,450

 

 

 

145,903

 

 

 

39,265

 

LOSS FROM OPERATIONS

 

 

(23,058

)

 

 

(7,290

)

 

 

(46,529

)

 

 

(10,696

)

OTHER EXPENSES (INCOME) AND LOSSES (GAINS), NET

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

2,190

 

 

 

290

 

 

 

3,795

 

 

 

462

 

Interest income

 

 

(241

)

 

 

 

 

 

(580

)

 

 

(1

)

Gain on derivatives

 

 

 

 

 

(165

)

 

 

 

 

 

(327

)

Other income

 

 

(123

)

 

 

(39

)

 

 

(173

)

 

 

(38

)

NET LOSS BEFORE INCOME TAXES

 

 

(24,884

)

 

 

(7,376

)

 

 

(49,571

)

 

 

(10,792

)

Income tax expense (benefit)

 

 

(32

)

 

 

23

 

 

 

30

 

 

 

34

 

NET LOSS

 

$

(24,852

)

 

$

(7,399

)

 

$

(49,601

)

 

$

(10,826

)

LOSS PER SHARE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.32

)

 

$

(0.74

)

 

$

(0.70

)

 

$

(1.08

)

Weighted average common shares outstanding – basic and diluted

 

 

72,416,614

 

 

 

9,997,815

 

 

 

68,492,911

 

 

 

10,023,853

 

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

2


 

WAITR HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

 

 

 

Six Months Ended June 30,

 

 

2019

 

 

2018

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

Net loss

 

$

(49,601

)

 

$

(10,826

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

 

Non-cash interest expense

 

 

1,079

 

 

 

142

 

Non-cash advertising expense

 

 

310

 

 

 

187

 

Stock-based compensation

 

 

4,552

 

 

 

2,182

 

Equity issued in exchange for services

 

 

60

 

 

 

60

 

Loss on disposal of assets

 

 

15

 

 

 

8

 

Depreciation and amortization

 

 

8,940

 

 

 

502

 

Impairment of intangible assets

 

 

18

 

 

 

 

Amortization of capitalized contract costs

 

 

1,250

 

 

 

613

 

Gain on derivatives

 

 

 

 

 

(327

)

Changes in assets and liabilities:

 

 

 

 

 

 

 

 

Accounts receivable

 

 

(1,734

)

 

 

(653

)

Capitalized contract costs

 

 

(2,346

)

 

 

(1,196

)

Prepaid expenses and other current assets

 

 

(3,932

)

 

 

(2,482

)

Accounts payable

 

 

(592

)

 

 

829

 

Restaurant food liability

 

 

6,399

 

 

 

(4

)

Deferred revenue

 

 

(151

)

 

 

1,362

 

Change in current income taxes

 

 

(25

)

 

 

3

 

Accrued payroll

 

 

4,113

 

 

 

739

 

Accrued workers’ compensation liability

 

 

(305

)

 

 

 

Other current liabilities

 

 

(2,441

)

 

 

4,475

 

Other noncurrent liabilities

 

 

40

 

 

 

(12

)

Net cash used in operating activities

 

 

(34,351

)

 

 

(4,398

)

Cash flows from investing activities:

 

 

 

 

 

 

 

 

Purchases of property and equipment

 

 

(990

)

 

 

(1,113

)

Acquisition of Bite Squad, net of cash acquired

 

 

(192,568

)

 

 

 

Collections on notes receivable

 

 

53

 

 

 

 

Internally developed software

 

 

(155

)

 

 

 

Consideration paid for IndiePlate asset acquisition

 

 

 

 

 

(11

)

Proceeds from sale of property and equipment

 

 

23

 

 

 

 

Net cash used in investing activities

 

 

(193,637

)

 

 

(1,124

)

Cash flows from financing activities:

 

 

 

 

 

 

 

 

Proceeds from convertible notes issuance

 

 

 

 

 

1,410

 

Waitr shares redeemed for cash

 

 

(10

)

 

 

 

Proceeds from issuance of stock

 

 

50,002

 

 

 

 

Equity issuance costs

 

 

(4,175

)

 

 

 

Proceeds from Additional Term Loans

 

 

42,080

 

 

 

 

Proceeds from short-term loan

 

 

5,032

 

 

 

2,172

 

Payments on short-term loan

 

 

(658

)

 

 

(215

)

Proceeds from exercise of stock options

 

 

3

 

 

 

10

 

Taxes paid related to net settlement on stock-based compensation

 

 

(799

)

 

 

 

Net cash provided by financing activities

 

 

91,475

 

 

 

3,377

 

Net change in cash

 

 

(136,513

)

 

 

(2,145

)

Cash, beginning of period

 

 

209,340

 

 

 

3,947

 

Cash, end of period

 

$

72,827

 

 

$

1,802

 

Supplemental disclosures of cash flow information:

 

 

 

 

 

 

 

 

Cash paid during the period for state income taxes

 

$

30

 

 

$

31

 

Cash paid during the period for interest

 

 

2,715

 

 

 

6

 

Supplemental disclosures of non-cash investing and financing activities:

 

 

 

 

 

 

 

 

Services receivable

 

$

 

 

$

1,000

 

Stock issued as consideration in Bite Squad acquisition

 

 

126,574

 

 

 

 

Stock issued in connection with Additional Term Loans

 

 

3,884

 

 

 

 

Non-cash gain on debt extinguishment

 

 

1,897

 

 

 

 

Debt assumed in IndiePlate asset acquisition

 

 

 

 

 

60

 

Bifurcated embedded derivatives

 

 

 

 

 

87

 

Discount on convertible notes due to beneficial conversion feature

 

 

 

 

 

1,501

 

Stock issued as consideration in GoGoGrocer asset acquisition

 

 

 

 

 

142

 

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

3


 

WAITR HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

THREE AND SIX MONTHS ENDED JUNE 30, 2019

(in thousands, except share data)

(unaudited)

 

Six Months Ended June 30, 2019

 

 

 

Common stock

 

 

Additional

paid in

capital

 

 

Accumulated

deficit

 

 

Total

stockholders’

equity (deficit)

 

 

 

Shares

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at December 31,

   2018

 

 

54,035,538

 

 

$

5

 

 

$

200,417

 

 

$

(70,931

)

 

$

129,491

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

(49,601

)

 

 

(49,601

)

Gain on debt

   extinguishment

 

 

 

 

 

 

 

 

1,897

 

 

 

 

 

 

1,897

 

Exercise of stock options

   and vesting of restricted

   stock units

 

 

9,599

 

 

 

 

 

 

3

 

 

 

 

 

 

3

 

Taxes paid related to

   net settlement on stock-

   based compensation

 

 

(79,900

)

 

 

 

 

 

(799

)

 

 

 

 

 

(799

)

Stock-based compensation

 

 

 

 

 

 

 

 

4,552

 

 

 

 

 

 

4,552

 

Equity issued in exchange

   for services

 

 

 

 

 

 

 

 

60

 

 

 

 

 

 

60

 

Issuance of common stock

   in connection with

   Additional Term Loans

 

 

325,000

 

 

 

 

 

 

3,884

 

 

 

 

 

 

3,884

 

Public Warrants exchanged

   for common stock

 

 

4,494,889

 

 

 

1

 

 

 

(610

)

 

 

 

 

 

(609

)

Stock issued as

   consideration in Bite

   Squad Merger

 

 

10,591,968

 

 

 

1

 

 

 

126,573

 

 

 

 

 

 

126,574

 

Issuance of common stock

 

 

6,757,000

 

 

 

1

 

 

 

46,425

 

 

 

 

 

 

46,426

 

Balances at June 30,

   2019

 

 

76,134,094

 

 

$

8

 

 

$

382,402

 

 

$

(120,532

)

 

$

261,878

 

 

Three Months Ended June 30, 2019

 

 

 

Common stock

 

 

Additional

paid in

capital

 

 

Accumulated

deficit

 

 

Total

stockholders’

equity (deficit)

 

 

 

Shares

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at March 31,

   2019

 

 

69,368,381

 

 

$

7

 

 

$

331,539

 

 

$

(95,680

)

 

$

235,866

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

(24,852

)

 

 

(24,852

)

Gain on debt

   extinguishment

 

 

 

 

 

 

 

 

1,897

 

 

 

 

 

 

1,897

 

Exercise of stock options

   and vesting of restricted

   stock units

 

 

8,713

 

 

 

 

 

 

2

 

 

 

 

 

 

2

 

Stock-based compensation

 

 

 

 

 

 

 

 

2,519

 

 

 

 

 

 

2,519

 

Public Warrants exchanged

   for common stock

 

 

 

 

 

 

 

 

(10

)

 

 

 

 

 

(10

)

Equity issued in exchange

   for services

 

 

 

 

 

 

 

 

30

 

 

 

 

 

 

30

 

Issuance of common stock

 

 

6,757,000

 

 

 

1

 

 

 

46,425

 

 

 

 

 

 

46,426

 

Balances at June 30,

   2019

 

 

76,134,094

 

 

$

8

 

 

$

382,402

 

 

$

(120,532

)

 

$

261,878

 

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

4


 

WAITR HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

THREE AND SIX MONTHS ENDED JUNE 30, 2018

(in thousands, except share data)

(unaudited)

 

Six Months Ended June 30, 2018

 

 

 

Preferred Seed I

 

 

Preferred Seed II

 

 

Preferred Seed AA

 

 

Common stock

 

 

Additional

paid in

capital

 

 

Accumulated

deficit

 

 

Total

stockholders’

equity

(deficit)

 

 

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at December 31,

   2017

 

 

3,413,235

 

 

$

 

 

 

3,301,326

 

 

$

 

 

 

7,264,489

 

 

$

 

 

 

10,050,180

 

 

$

 

 

$

35,110

 

 

$

(36,620

)

 

$

(1,510

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(10,826

)

 

 

(10,826

)

Exercise of stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

210,087

 

 

 

 

 

 

10

 

 

 

 

 

 

10

 

Stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,962

 

 

 

 

 

 

1,962

 

Cancellation of stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(132,095

)

 

 

 

 

 

 

 

 

 

 

 

 

Equity compensation on

   Requested Amendment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

220

 

 

 

 

 

 

220

 

Equity issued in exchange

   for services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

60

 

 

 

 

 

 

60

 

Stock issued as

   consideration in

   GoGoGrocer asset

   acquisition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16,311

 

 

 

 

 

 

142

 

 

 

 

 

 

142

 

Discount on convertible

   notes due to beneficial

   conversion feature

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,501

 

 

 

 

 

 

1,501

 

Balances at June 30,

   2018

 

 

3,413,235

 

 

$

 

 

 

3,301,326

 

 

$

 

 

 

7,264,489

 

 

$

 

 

 

10,144,483

 

 

$

 

 

$

39,005

 

 

$

(47,446

)

 

$

(8,441

)

 

 

Three Months Ended June 30, 2018

 

 

 

Preferred Seed I

 

 

Preferred Seed II

 

 

Preferred Seed AA

 

 

Common stock

 

 

Additional

paid in

capital

 

 

Accumulated

deficit

 

 

Total

stockholders’

equity

(deficit)