Press Release: BARK Reports Second Quarter Fiscal -4-
Press Release: BARK Reports Second Quarter Fiscal -4-
新聞稿:BARK 報告第二季度財政年度 -4-
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(1) Sales and use tax expense relates to recording a liability for sales and
use tax we did not collect from our customers. Historically, we had collected
state or local sales, use, or other similar taxes in certain jurisdictions in
which we only had physical presence. On June 21, 2018, the U.S. Supreme Court
decided, in South Dakota v. Wayfair, Inc. that state and local jurisdictions
may, at least in certain circumstances, enforce a sales and use tax collection
obligation on remote vendors that have no physical presence in such
jurisdiction. A number of states have positioned themselves to require sales
and use tax collection by remote vendors and/or by online marketplaces. The
details and effective dates of these collection requirements vary from state
to state and accordingly, we recorded a liability in those periods in which we
created economic nexus based on each state's requirements. Accordingly, we now
collect, remit, and report sales tax in all states that impose a sales tax.
(2) Transactions costs represent non-recurring consulting and advisory costs
with respect to the merger agreement entered into with Northern Star
Acquisition Corp. on December 16, 2020.
(3) For the three months ended September 30, 2021, other one-time items is
comprised of SOX implementation fees of $0.3 million, executive transition
costs, including recruiting, bonus and relocation related expense of $0.3
million, loss on exercise of warrants of $0.3 million and restructuring
related expenses of $0.1 million. For the six months ended September 30, 2021,
other one-time items is comprised of loss on extinguishment of debt of $2.6
million, SOX implementation fees of $0.3 million, executive transition costs,
including recruiting, bonus and relocation related expenses of $0.3 million,
loss on exercise of warrants of $0.3 million and restructuring related
expenses of $0.1 million.
THE ORIGINAL BARK COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
September 30, March 31,
2021 2021
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(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 272,599 $ 38,278
Accounts receivable--net 10,921 8,927
Prepaid expenses and other current
assets 6,470 7,409
Inventory 130,317 77,454
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Total current assets 420,307 132,068
PROPERTY AND EQUIPMENT--NET 21,482 13,465
INTANGIBLE ASSETS--NET 3,105 2,070
OTHER NONCURRENT ASSETS 4,398 3,260
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TOTAL ASSETS $ 449,292 $ 150,863
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LIABILITIES, REDEEMABLE CONVERTIBLE
PREFERRED STOCK AND STOCKHOLDERS' EQUITY
(DEFICIT)
CURRENT LIABILITIES:
Accounts payable $ 23,675 $ 50,501
Accrued and other current liabilities 61,988 44,605
Deferred revenue 28,398 27,177
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Total current liabilities 114,061 122,283
LONG-TERM DEBT 71,735 115,729
OTHER LONG-TERM LIABILITIES 9,617 11,834
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Total liabilities 195,413 249,846
COMMITMENTS AND CONTINGENCIES
REDEEMABLE CONVERTIBLE PREFERRED STOCK:
Convertible preferred stock (Series
Seed, A, B, C, and C-1) $0.0001 par
value with aggregate liquidation
preference of $0 and $62,800 at
September 30, 2021 and March 31, 2021
respectively; 0 and 8,010,560 shares
authorized; 0 and 7,752,515 shares
issued and outstanding at September
30, 2021 and March 31, 2021,
respectively -- 59,987
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Total redeemable convertible preferred
stock -- 59,987
STOCKHOLDERS' EQUITY (DEFICIT):
Common stock, par value $0.0001 per
share--500,000,000 shares authorized;
171,069,553 shares issued and
outstanding as of September 30, 2021
and 148,622,942 shares authorized;
48,071,777 shares issued and
outstanding as of March 31, 2021 1 --
Treasury stock, at cost -- --
Additional paid-in capital 452,180 20,984
Accumulated deficit (198,302) (179,954)
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Total stockholders' equity
(deficit) 253,879 (158,970)
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TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE
PREFERRED STOCK AND STOCKHOLDERS' EQUITY
(DEFICIT) $ 449,292 $ 150,863
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(In thousands)
Six Months Ended
September 30, September 30,
2021 2020
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Net cash used in (provided by)
operating activities $ (108,019) $ 8,481
Net cash used in investing activities (11,003) (2,838)
Net cash provided by financing
activities 354,168 6,253
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Net increase in cash, cash equivalents
and restricted cash 235,146 11,896
Cash, cash equivalents and restricted
cash -- beginning of period 39,731 9,676
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Cash, cash equivalents and restricted
cash -- end of period $ 274,877 $ 21,572
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Reconciliation of cash, cash
equivalents and restricted cash:
Cash and cash equivalents $ 272,599 $ 21,219
Restricted cash - Prepaid expenses and
other current assets 2,278 353
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Total cash, cash equivalents and
restricted cash $ 274,877 $ 21,572
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(一)銷售和使用税支出與記錄銷售和使用的負債有關
使用我們沒有從客户那裏收取的税款。從歷史上看，我們收集了
在某些司法管轄區的州或地方銷售、使用或其他類似税收
我們只有肉體上的存在。2018年6月21日，美國最高法院
在南達科他州訴WayFair，Inc.一案中，裁定州和地方司法管轄區
至少在某些情況下，可以強制銷售和使用税收
沒有實際存在的遠程供應商的義務
司法管轄權。許多州已經將自己定位為要求銷售
並使用遠程供應商和/或在線市場的税收。這個
這些收集要求的細節和生效日期因州而異
聲明並據此，我們在下列期間記錄了一項負債
根據每個州的需求建立了經濟聯繫。因此，我們現在
在徵收銷售税的所有州收集、匯出和報告銷售税。
(2)交易成本是指非經常性諮詢和諮詢成本
關於與北極星簽訂的合併協議
收購公司，2020年12月16日。
(3)截至2021年9月30日的三個月，其他一次性項目為
包括30萬美元的SOX實施費用、高管過渡
費用，包括與徵聘、獎金和搬遷有關的費用0.3美元
300萬美元，行使認股權證和重組虧損30萬美元
相關費用10萬美元。截至2021年9月30日的六個月，
其他一次性項目包括清償債務損失260萬美元
100萬美元，SOX實施費用30萬美元，高管過渡成本，
包括與招聘、獎金和搬遷有關的費用30萬美元，
行使認股權證虧損30萬美元及有關重組
費用為10萬美元。
最初的樹皮公司
簡明合併資產負債表
(以千為單位，不包括每股和每股數據)
9月30日，3月31日，
2021 2021
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(未經審計)
資產
流動資產：
現金及現金等價物$272,599$38,278
應收賬款--淨額10,921,927
預付費用和其他當期費用
資產6,470 7,409
庫存130,317 77,454
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流動資產總額420,307 132,068
財產和設備--淨額21 482 13 465
無形資產--淨額3,105 2,070
其他非流動資產4398 3260
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總資產$449,292$150,863
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可贖回可兑換負債
優先股和股東權益
(赤字)
流動負債：
應付帳款$23,675$50,501
應計負債和其他流動負債61,988 44,605
遞延收入28,398 27,177
----------- ---------
流動負債總額114,061 122,283
長期債務71,735 115,729
其他長期負債9,617 11,834
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總負債195,413 249,846
承付款和或有事項
可贖回可轉換優先股：
可轉換優先股(系列
種子、A、B、C和C-1)0.0001美元
總清算價值
優先選擇$0和$62,800
2021年9月30日和2021年3月31日
分別為0和8,010,560股
授權；0和7,752,515股
已發行並於9月未償還
2021年3月30日和2021年3月31日，
分別為59,987
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完全可贖回可兑換優先股
股票--59,987
股東權益(赤字)：
普通股，面值為每股0.0001美元
股份--授權股份5億股；
171,069,553股已發行和
截至2021年9月30日未償還
和148,622,942股授權股份；
48,071,777股已發行和
截至2021年3月31日的未償還金額1--
庫存股，按成本價
新增實收資本452,180 20,984
累計赤字(198,302)(179,954)
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股東權益總額
(赤字)253,879(158,970)
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可贖回可兑換負債總額
優先股和股東權益
(赤字)449,292美元150,863美元
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簡明合併現金流量表
(未經審計)
(單位：千)
截至六個月
9月30日，9月30日，
2021 2020
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使用的淨現金(由提供)
經營活動$(108,019)$8,481
用於投資活動的現金淨額(11,003)(2,838)
融資提供的現金淨額
活動354,168 6,253
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現金、現金等價物淨增長
和受限現金235,146 11,896
現金、現金等價物和限制性現金
現金--期初39,731 9,676
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現金、現金等價物和限制性現金
現金--期末$274,877$21,572
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對現金、現金的對賬
等價物和受限現金：
現金及現金等價物$272,599$21,219
受限制的現金預付費用和
其他流動資產2,278 353
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現金、現金等價物和
受限現金274,877美元21,572美元
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View source version on businesswire.com: https://www.businesswire.com/news/home/20211110006322/en/
在Business wire.com上查看源代碼版本：https://www.businesswire.com/news/home/20211110006322/en/
CONTACT: Investors:
聯繫方式：投資者：
Michael Mougias
邁克爾·穆吉亞斯
investors@barkbox.com
郵箱：Investors@barkbox.com
Media:
媒體：
Garland Harwood
加蘭德·哈伍德
press@barkbox.com
Press@barkbox.com
譯文內容由第三人軟體翻譯。
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。