Press Release: BARK Reports Second Quarter Fiscal -4-
Press Release: BARK Reports Second Quarter Fiscal -4-
新闻稿：BARK报告第二季度财年-4-
======== ======== ========= =========
(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
--------------- ------------
(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
----------- ---------
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
----------- ---------
TOTAL ASSETS $ 449,292 $ 150,863
=========== =========
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
----------- ---------
Total current liabilities 114,061 122,283
LONG-TERM DEBT 71,735 115,729
OTHER LONG-TERM LIABILITIES 9,617 11,834
----------- ---------
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
----------- ---------
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)
----------- ---------
Total stockholders' equity
(deficit) 253,879 (158,970)
----------- ---------
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE
PREFERRED STOCK AND STOCKHOLDERS' EQUITY
(DEFICIT) $ 449,292 $ 150,863
=========== =========
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(In thousands)
Six Months Ended
September 30, September 30,
2021 2020
--------------- -----------------
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
----------- -----------
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
----------- -----------
Cash, cash equivalents and restricted
cash -- end of period $ 274,877 $ 21,572
=========== ===========
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
----------- -----------
Total cash, cash equivalents and
restricted cash $ 274,877 $ 21,572
=========== ===========
======== ======== ========= =========
(一)销售和使用税支出与记录销售和使用的负债有关
使用我们没有从客户那里收取的税款。从历史上看，我们收集了
在某些司法管辖区的州或地方销售、使用或其他类似税收
我们只有肉体上的存在。2018年6月21日，美国最高法院
在南达科他州诉WayFair，Inc.一案中，裁定州和地方司法管辖区
至少在某些情况下，可以强制销售和使用税收
没有实际存在的远程供应商的义务
司法管辖权。许多州已经将自己定位为要求销售
并使用远程供应商和/或在线市场的税收。这个
这些收集要求的细节和生效日期因州而异
声明并据此，我们在下列期间记录了一项负债
根据每个州的需求建立了经济联系。因此，我们现在
在征收销售税的所有州收集、汇出和报告销售税。
(2)交易成本是指非经常性咨询和咨询成本
关于与北极星签订的合并协议
收购公司，2020年12月16日。
(3)截至2021年9月30日的三个月，其他一次性项目为
包括30万美元的SOX实施费用、高管过渡
费用，包括与征聘、奖金和搬迁有关的费用0.3美元
300万美元，行使认股权证和重组亏损30万美元
相关费用10万美元。截至2021年9月30日的六个月，
其他一次性项目包括清偿债务损失260万美元
100万美元，SOX实施费用30万美元，高管过渡成本，
包括与招聘、奖金和搬迁有关的费用30万美元，
行使认股权证亏损30万美元及有关重组
费用为10万美元。
最初的树皮公司
简明合并资产负债表
(以千为单位，不包括每股和每股数据)
9月30日，3月31日，
2021 2021
--------------- ------------
(未经审计)
资产
流动资产：
现金及现金等价物$272,599$38,278
应收账款--净额10,921,927
预付费用和其他当期费用
资产6,470 7,409
库存130,317 77,454
----------- ---------
流动资产总额420,307 132,068
财产和设备--净额21 482 13 465
无形资产--净额3,105 2,070
其他非流动资产4398 3260
----------- ---------
总资产$449,292$150,863
=========== =========
可赎回可兑换负债
优先股和股东权益
(赤字)
流动负债：
应付帐款$23,675$50,501
应计负债和其他流动负债61,988 44,605
递延收入28,398 27,177
----------- ---------
流动负债总额114,061 122,283
长期债务71,735 115,729
其他长期负债9,617 11,834
----------- ---------
总负债195,413 249,846
承付款和或有事项
可赎回可转换优先股：
可转换优先股(系列
种子、A、B、C和C-1)0.0001美元
总清算价值
优先选择$0和$62,800
2021年9月30日和2021年3月31日
分别为0和8,010,560股
授权；0和7,752,515股
已发行并于9月未偿还
2021年3月30日和2021年3月31日，
分别为59,987
----------- ---------
完全可赎回可兑换优先股
股票--59,987
股东权益(赤字)：
普通股，面值为每股0.0001美元
股份--授权股份5亿股；
171,069,553股已发行和
截至2021年9月30日未偿还
和148,622,942股授权股份；
48,071,777股已发行和
截至2021年3月31日的未偿还金额1--
库存股，按成本价
新增实收资本452,180 20,984
累计赤字(198,302)(179,954)
----------- ---------
股东权益总额
(赤字)253,879(158,970)
----------- ---------
可赎回可兑换负债总额
优先股和股东权益
(赤字)449,292美元150,863美元
=========== =========
简明合并现金流量表
(未经审计)
(单位：千)
截至六个月
9月30日，9月30日，
2021 2020
--------------- -----------------
使用的净现金(由提供)
经营活动$(108,019)$8,481
用于投资活动的现金净额(11,003)(2,838)
融资提供的现金净额
活动354,168 6,253
----------- -----------
现金、现金等价物净增长
和受限现金235,146 11,896
现金、现金等价物和限制性现金
现金--期初39,731 9,676
----------- -----------
现金、现金等价物和限制性现金
现金--期末$274,877$21,572
=========== ===========
对现金、现金的对账
等价物和受限现金：
现金及现金等价物$272,599$21,219
受限制的现金预付费用和
其他流动资产2,278 353
----------- -----------
现金、现金等价物和
受限现金274,877美元21,572美元
=========== ===========
View source version on businesswire.com: https://www.businesswire.com/news/home/20211110006322/en/
在Business wire.com上查看源代码版本：https://www.businesswire.com/news/home/20211110006322/en/
CONTACT: Investors:
联系方式：投资者：
Michael Mougias
迈克尔·穆吉亚斯
investors@barkbox.com
邮箱：Investors@barkbox.com
Media:
媒体：
Garland Harwood
加兰德·哈伍德
press@barkbox.com
Press@barkbox.com
译文内容由第三方软件翻译。
以上内容仅用作资讯或教育之目的，不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。