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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Q2) - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Current assets                
Cash and cash equivalents $ 2,405   $ 6,751     $ 72    
Accounts receivable, net of reserve of $738 and $720, respectively (Note 1) 38,371   27,942     34,542    
Inventories, net of obsolescence reserve of $861 and $860, respectively (Note 1) 3,336   1,965     4,389    
Deferred program expenses 250   673     244    
Other current assets 2,586   2,914     1,985    
Total current assets 46,948   40,245     41,232    
Property and equipment, net of accumulated depreciation of $34,673 and $32,470, respectively 20,683   19,567     17,426    
Operating lease right-of-use assets 1,777   1,979     0    
Goodwill (Note 3) 14,916   14,916     14,916    
Other assets 1,066   985     915    
Total assets 85,390   77,692     74,489    
Current liabilities                
Senior term loan, net of unamortized discount and issuance costs - short-term (Note 5) 16,688   0          
Accounts payable and other accrued liabilities (Note 6) 19,638   15,050     21,779    
Accrued compensation and benefits 12,275   12,187     9,082    
Contract liabilities (Note 1 and 5) 6,682   6,337     5,232    
Finance lease obligations - short-term (Note 10) 1,281   1,224     1,115    
Other current liabilities 3,146   2,505     1,895    
Total current liabilities 59,710   37,303     39,103    
Senior term loan, net of unamortized discount and issuance costs (Note 5) 0   16,335     10,984    
Subordinated debt (Note 5) 3,102   2,927     2,597    
Finance lease obligations - long-term (Note 10) 14,990   15,641     16,865    
Operating lease obligations - long-term (Note 10) 1,274   1,553     0    
Deferred income taxes (Note 7) 640   621     818    
Public preferred stock (Note 6) 141,121   139,210     135,387    
Other liabilities (Note 9) 562   724     838    
Total liabilities 221,399   214,314     206,592    
Commitments and contingencies (Note 8)          
Telos stockholders' deficit                
Common stock 78   78          
Additional paid-in capital 4,310   4,310     4,310    
Accumulated other comprehensive income 7   6     17    
Accumulated deficit (147,508)   (145,530)     (139,129)    
Total Telos stockholders' deficit (143,113)   (141,136)     (134,724)    
Non-controlling interest in subsidiary (Note 2) 7,104 $ 5,298 4,514 $ 1,857 $ 2,378 2,621 $ 913 $ 2,229
Total stockholders' deficit (136,009) $ (138,083) (136,622) $ (138,019) $ (135,757) (132,103) $ (136,037) $ (129,976)
Total liabilities, redeemable preferred stock, and stockholders' deficit $ 85,390   $ 77,692     $ 74,489