Post-effective amendment to a registration statement that is not immediately effective upon filing

CONSOLIDATED BALANCE SHEETS

v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,184,215  
Restricted cash 422 $ 136
Inventory 12,019,000 17,142,000
Total current assets 1,499,434  
Property, plant and equipment, net 4,833,000 5,517,000
Intangible assets, net 7,629,000 9,362,000
Right-of-use assets, net 7,882,000 10,032,000
Other non-current assets 3,837,000 3,457,000
Total Assets 117,661,907  
Current liabilities:    
Accounts payable 96,248  
Current portion of long-term debt 298,000 272,000
Total current liabilities 96,248  
Long-term debt 2,087,000
Total liabilities 16,493,248  
Mezzanine equity:    
Convertible preferred stock, $0.0001 par value; 9,293,156 and 7,862,263 shares authorized at December 31, 2020 and 2019; 4,581,404 and 3,672,129 shares issued and outstanding at December 31, 2020 and 2019 0  
Stockholders’ deficit    
Common stock, $0.0003 par value; 10,000,000 shares authorized; 202,705 shares issued at December 31, 2020 and 2019, and 202,582 shares outstanding at December 31, 2020 and 2019 540  
Additional paid-in capital 907,041  
Accumulated deficit 4,092,424  
Total stockholders’ equity 5,000,005  
Total Liabilities and Stockholders’ Equity 117,661,907  
Common Class B [Member]    
Stockholders’ deficit    
Common stock, $0.0003 par value; 10,000,000 shares authorized; 202,705 shares issued at December 31, 2020 and 2019, and 202,582 shares outstanding at December 31, 2020 and 2019
Common Class C [Member]    
Stockholders’ deficit    
Common stock, $0.0003 par value; 10,000,000 shares authorized; 202,705 shares issued at December 31, 2020 and 2019, and 202,582 shares outstanding at December 31, 2020 and 2019
Airspan [Member]    
Current assets:    
Cash and cash equivalents 18,196,000 2,877,000
Restricted cash 422,000 136,000
Accounts receivable, net of allowance of $374 and $2,032 at December 31, 2020 and  2019, respectively 71,621,000 40,281,000
Inventory 12,019,000 17,142,000
Prepaid expenses and other current assets 7,602,000 8,085,000
Total current assets 109,860,000 68,521,000
Property, plant and equipment, net 4,833,000 5,517,000
Goodwill 13,641,000 13,641,000
Intangible assets, net 7,629,000 9,362,000
Right-of-use assets, net 7,882,000 10,032,000
Other non-current assets 3,837,000 3,457,000
Total Assets 147,682,000 110,530,000
Current liabilities:    
Accounts payable 36,849,000 24,837,000
Deferred revenue 7,521,000 10,035,000
Other accrued expenses 22,538,000 17,434,000
Line of credit 0 32,822,000
Subordinated term loan, current portion - related party 0 31,762,000
Subordinated convertible debt 0 33,057,000
Subordinated debt 10,065,000 0
Current portion of long-term debt 298,000 272,000
Total current liabilities 77,271,000 150,219,000
Long-term debt 2,087,000
Subordinated term loan, long-term - related party 34,756,000 0
Senior term loan, long-term 36,834,000 0
Other long-term liabilities 17,147,000 11,282,000
Total liabilities 168,095,000 161,501,000
Mezzanine equity:    
Convertible preferred stock, $0.0001 par value; 9,293,156 and 7,862,263 shares authorized at December 31, 2020 and 2019; 4,581,404 and 3,672,129 shares issued and outstanding at December 31, 2020 and 2019 363,481,000 309,923,000
Stockholders’ deficit    
Common stock, $0.0003 par value; 10,000,000 shares authorized; 202,705 shares issued at December 31, 2020 and 2019, and 202,582 shares outstanding at December 31, 2020 and 2019
Additional paid-in capital 311,431,000 308,788,000
Accumulated deficit (695,325,000) (669,682,000)
Total stockholders’ equity (383,894) (360,894)
Total Liabilities and Stockholders’ Equity $ 147,682,000 $ 110,530,000