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April 2019
March 2019
March 2019
March 2019
December 2018
December 2018
November 2018
November 2018
Novume Solutions, Inc. and Subsidiaries
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Condensed Consolidated Balance Sheets (Unaudited)
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September 30, 2018
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December 31, 2017
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Assets
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|
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Current Assets
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Cash
and cash equivalents
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$1,483,568
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$1,957,212
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Accounts
receivable, net
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6,810,791
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6,707,294
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Note
receivable
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-
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1,475,000
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Inventory
and other current assets
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528,954
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843,682
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Total
current assets
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8,823,313
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10,983,188
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Net
property and equipment
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1,376,756
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648,339
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Goodwill
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3,092,616
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3,092,616
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Intangibles,
net
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5,082,846
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5,468,874
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Other
assets
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306,526
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405,723
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Total
assets
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$18,682,057
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$20,598,740
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Liabilities and Stockholders' Equity
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Current Liabilities
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Accounts
payable
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2,191,971
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1,390,877
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Accrued
expenses
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3,189,473
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3,060,512
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Lines
of credit
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2,091,602
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3,663,586
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Notes
payable, current portion
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4,241
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-
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Deferred
revenue
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164,303
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117,636
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Total
current liabilities
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7,641,590
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8,232,611
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Long-Term Liabilities
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Notes
payable
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3,390,295
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1,405,994
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Deferred
rent
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42,005
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53,217
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Total
long-term liabilities
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3,432,300
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1,459,211
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Total
liabilities
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11,073,890
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9,691,822
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Series
A Cumulative Convertible Redeemable Preferred stock, $0.0001 par
value, 505,000 shares authorized and 502,327 shares issued and
outstanding as of September 30, 2018 and December 31, 2017,
respectively
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4,879,277
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4,396,580
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Stockholders' Equity
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Common
stock, $0.0001 par value, 30,000,000 shares authorized, 14,545,695
and 14,463,364 shares issued and outstanding as of September 30,
2018 and December 31, 2017, respectively
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1,455
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1,447
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Preferred
stock, $0.0001 par value, 2,000,000 authorized, 505,000 shares
designated as Series A and 240,861 shares designated as Series B as
of September 30, 2018 and December 31, 2017,
respectively.
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-
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-
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Series
B Cumulative Convertible Preferred stock, $0.0001 par value,
240,861 shares authorized, issued and outstanding as of September
30, 2018 and December 31, 2017, respectively
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24
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24
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Additional
paid-in capital
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12,591,762
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12,342,527
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Accumulated
deficit
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(9,864,351)
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(5,833,660)
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Total
stockholders’ equity
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2,728,890
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6,510,338
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Total
liabilities and stockholders’ equity
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$18,682,057
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$20,598,740
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For the Three Months ended September 30,
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For the Nine Months ended September 30,
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2018
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2017
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2018
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2017
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Revenue
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$13,148,848
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$4,421,574
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$36,705,781
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$11,131,825
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Cost
of revenue
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9,229,054
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2,457,806
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26,228,464
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6,017,982
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Gross
profit
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3,919,794
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1,963,768
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10,477,317
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5,113,843
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Operating
expenses
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Selling,
general, and administrative expenses
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4,158,061
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2,951,933
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13,767,636
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7,899,438
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Loss
from operations
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(238,267)
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(988,165)
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(3,290,319)
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(2,785,595)
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Other
expense
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Interest
expense
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(244,034)
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(33,720)
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(507,841)
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(97,624)
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Other
income
|
549
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5,383
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201,275
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5,382
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Total
other (expense) income
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(243,485)
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(28,337)
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(306,566)
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(92,242)
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Loss
before income taxes
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(481,752)
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(1,016,502)
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(3,596,885)
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(2,877,837)
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(Provision)
benefit from income taxes
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(22,082)
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225,142
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(22,082)
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964,377
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Net
loss
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$(503,834)
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$(791,360)
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$(3,618,967)
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$(1,913,460)
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Loss
per common share - basic
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$(0.05)
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$(0.09)
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$(0.31)
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$(0.23)
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Loss
per common share - diluted
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$(0.05)
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$(0.09)
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$(0.31)
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$(0.23)
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Weighted
average shares outstanding
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Basic
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14,542,362
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11,756,560
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14,524,030
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10,920,866
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Diluted
|
14,542,362
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11,756,560
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14,524,030
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10,920,866
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Novume Solutions, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
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Novume Solutions, Inc. provided additional information to their SEC Filing as exhibits
Ticker: NVMMEvents:
CIK: 1697851
Form Type: 8-K Corporate News
Accession Number: 0001654954-18-012412
Submitted to the SEC: Tue Nov 13 2018 8:43:56 AM EST
Accepted by the SEC: Tue Nov 13 2018
Period: Tuesday, November 13, 2018
Industry: Communications Equipment