HAL Puuu cal year 2013, fill in the amounts for the followi following 4. Using the information, for fiscal year 2013, fill in the an items from the financial statements: a. Assets b. Liabilities makan heledelse c. Stockholders' equity uity kah d. Net sales or net revenues e. Net income or loss (specify if amount is income or loss) 1. Change in cash (give dollar amount) and if change is an increase or decreaca g. Retained earnings (ending balance) od distribution dous dates the options for addities clauses. Rent expense fiscaly 11. 2016, are as follows JO CHAPTER Note -Corr e nts The way u ntially all of his stores, office facit w ww.fr I celable operating lases that expire at vare and di at Cwn of the store le rements contain renewal Y o u to fry and contain rent escalation clar SET 2016 11.000 in 2018 and 57.267.000 in 2014 numarul rental comments as of December 31, 20 Flecal Year 2017 2018 $14,561 14,082 13,673 13,450 13,003 $107,250 2019. 2021 Thereafter $176.0L Total Note 4-Income Taxes Components of the provision for income taxes are as follows (in thousands) 2016 2015 2014 Current Federal State $6,357 1.121 7,478 $3,759 - 562 4,321 $4,141 8565 4,706 124 189 108 Deferred: Federal State 19 208 136 118 $4,824 $7,686 $4,457 Total Provision The difference between the tax provision at the statutory federal income tax rate and the tax provision as a percentage of income before taxes (effective tax rate) was as follows: 2016 2015 2014 Federal statutory income tax rate State tax, net of federal benefit Other permanent items Effective tax rate 35.0% 4.7% 35.0% 5.2% 4.8% 45.0% 35.0% 4.8% 3.2% 43.0% 5.3% 45.0% CHAPTER 1 Financial Statements 31 Components of deferred tax assets (liabilities) consist of the following as of the fiscal years ended (in thousands): 2015 2016 $ 9 14 23 $ 15 13 Store closing expense Stock-based compensation Total deferred tax assets Depreciation Installment sales Total deferred tax liabilities Net deferred tax liabilities 628 215 (843) ($820) 430 205 (635) ($607) "Included in Prepaid expenses and other assets on the balance sheet. hon hoitaan 5_contingencies isina 150 Long-term Debt: The Company's outstanding long-term debt at December 31, 2010, and December 31, 2015, was as follows (in thousands): Mortgage notes maturing in 15 to 25 years at 5.75-8.75% Notes payable (unsecured) maturing in 2020 and 2022 at 9% and 6.5% Notes payable (secured) maturing in 2024 and 2025 at 7% and 7.5% 2016 2015 $ 3,808 $4,174 7,167 7567 11,968 6,750 $22,943 $18.491 1,884 1516 $21,059 $16,975 Less current maturities As of December 31, 2016, scheduled principal payments on long-term debt are as follows (in thousands): og en 259162 Fiscal Year os $1,884 2017... ...... . . 1,516 2018....... 2,678 2019............. 2020... 2,678 2,678 2021................ $11,509 Thereafter $22.943 Total solidated that there is a substa dostato cared on a sing Co tisfaction of liabilities ments relating ments do not include adjustment ats or classification of 3 46 CHAPTERI wa Statements y our independent registered public Accounting firm on ustaments contains an explanatory paragraph stating the Conso dobranding our ability to continue as a going concern e rei The w i ng financial statements have been pre be that contemplates the m ination of assets and the satis normale of business. The financial statements done to the overability of candid asset amounts or the amounts bis tut might be necessary should we be unable to contin ble to continue as a going concern flows for Fiscal 2013 Consolidated Cash Flows The following table summarizes our statements of cash fler Fiscal 2012, and Fiscal 2011 (in thousands): Years Ended December 31 2013 2012 2011 wfused in): S (1,664) S (13,320 S 19,296) (685) (429 8,847 Niet cash provided by (used in): Operating activities Investing activities Financing activities Effect of exchange rates on cash Net change in cash and cash equivalents (698) 1,559 39 (764) 15,387 (26) 3 1 $(1,103) (1.103) $ $ (764) $ 1,613 RON Fiscal 2013 Compared to Fiscal 2012 The $76 million increase in net cash used in operating activities for Fiscal 2018 pared to Fiscal 2012 was primarily due to our increased net loss, which was ily caused by our transition from primarily selling WaterLase dental lasers to a wide range of hard- and soft-tissue dental and medical lasers and other technol cal solutions for dentists, including digital radiography and CAD/CAM intra-oral Scanners. Net cash used in operating activities consists of our net loss, adjusted for our non-cash charges, plus or minus working capital changes. Cash used in operat- ing activities for Fiscal 2013 totaled $9.3 million and was primarily comprised of non-cash adjusted net loss, excluding changes in operating assets and liabilities, of $7.1 million plus increases in inventory of $1.4 million. Net cash used in investing activities remained relatively flat for Fiscal 2013 com- pared with Fiscal 2012 due to slightly higher capital asset expenditures in Fiscal 2012 offset by proceeds from the sale of long-lived real estate assets in Germany. For fiscal 2014, we expect capital expenditures to total approximately $750,000, and we expect depreciation and amortization to total approximately $650,000. The 57.3 million increase in net cash provided by financing activities for Fisca 2013 compared to Fiscal 2012 was primarily due to net proceeds from equy ings in late 2013 of $5.2 million plus increased net borrowing under line of $1.4 million 13 m equity offer rowing under lines of credit Extracted from 10-K filings for Biolase, Inc. 2013. Obtained from US Securities and Exchange Commission sec.gov. HAL Puuu cal year 2013, fill in the amounts for the followi following 4. Using the information, for fiscal year 2013, fill in the an items from the financial statements: a. Assets b. Liabilities makan heledelse c. Stockholders' equity uity kah d. Net sales or net revenues e. Net income or loss (specify if amount is income or loss) 1. Change in cash (give dollar amount) and if change is an increase or decreaca g. Retained earnings (ending balance) od distribution dous dates the options for addities clauses. Rent expense fiscaly 11. 2016, are as follows JO CHAPTER Note -Corr e nts The way u ntially all of his stores, office facit w ww.fr I celable operating lases that expire at vare and di at Cwn of the store le rements contain renewal Y o u to fry and contain rent escalation clar SET 2016 11.000 in 2018 and 57.267.000 in 2014 numarul rental comments as of December 31, 20 Flecal Year 2017 2018 $14,561 14,082 13,673 13,450 13,003 $107,250 2019. 2021 Thereafter $176.0L Total Note 4-Income Taxes Components of the provision for income taxes are as follows (in thousands) 2016 2015 2014 Current Federal State $6,357 1.121 7,478 $3,759 - 562 4,321 $4,141 8565 4,706 124 189 108 Deferred: Federal State 19 208 136 118 $4,824 $7,686 $4,457 Total Provision The difference between the tax provision at the statutory federal income tax rate and the tax provision as a percentage of income before taxes (effective tax rate) was as follows: 2016 2015 2014 Federal statutory income tax rate State tax, net of federal benefit Other permanent items Effective tax rate 35.0% 4.7% 35.0% 5.2% 4.8% 45.0% 35.0% 4.8% 3.2% 43.0% 5.3% 45.0% CHAPTER 1 Financial Statements 31 Components of deferred tax assets (liabilities) consist of the following as of the fiscal years ended (in thousands): 2015 2016 $ 9 14 23 $ 15 13 Store closing expense Stock-based compensation Total deferred tax assets Depreciation Installment sales Total deferred tax liabilities Net deferred tax liabilities 628 215 (843) ($820) 430 205 (635) ($607) "Included in Prepaid expenses and other assets on the balance sheet. hon hoitaan 5_contingencies isina 150 Long-term Debt: The Company's outstanding long-term debt at December 31, 2010, and December 31, 2015, was as follows (in thousands): Mortgage notes maturing in 15 to 25 years at 5.75-8.75% Notes payable (unsecured) maturing in 2020 and 2022 at 9% and 6.5% Notes payable (secured) maturing in 2024 and 2025 at 7% and 7.5% 2016 2015 $ 3,808 $4,174 7,167 7567 11,968 6,750 $22,943 $18.491 1,884 1516 $21,059 $16,975 Less current maturities As of December 31, 2016, scheduled principal payments on long-term debt are as follows (in thousands): og en 259162 Fiscal Year os $1,884 2017... ...... . . 1,516 2018....... 2,678 2019............. 2020... 2,678 2,678 2021................ $11,509 Thereafter $22.943 Total solidated that there is a substa dostato cared on a sing Co tisfaction of liabilities ments relating ments do not include adjustment ats or classification of 3 46 CHAPTERI wa Statements y our independent registered public Accounting firm on ustaments contains an explanatory paragraph stating the Conso dobranding our ability to continue as a going concern e rei The w i ng financial statements have been pre be that contemplates the m ination of assets and the satis normale of business. The financial statements done to the overability of candid asset amounts or the amounts bis tut might be necessary should we be unable to contin ble to continue as a going concern flows for Fiscal 2013 Consolidated Cash Flows The following table summarizes our statements of cash fler Fiscal 2012, and Fiscal 2011 (in thousands): Years Ended December 31 2013 2012 2011 wfused in): S (1,664) S (13,320 S 19,296) (685) (429 8,847 Niet cash provided by (used in): Operating activities Investing activities Financing activities Effect of exchange rates on cash Net change in cash and cash equivalents (698) 1,559 39 (764) 15,387 (26) 3 1 $(1,103) (1.103) $ $ (764) $ 1,613 RON Fiscal 2013 Compared to Fiscal 2012 The $76 million increase in net cash used in operating activities for Fiscal 2018 pared to Fiscal 2012 was primarily due to our increased net loss, which was ily caused by our transition from primarily selling WaterLase dental lasers to a wide range of hard- and soft-tissue dental and medical lasers and other technol cal solutions for dentists, including digital radiography and CAD/CAM intra-oral Scanners. Net cash used in operating activities consists of our net loss, adjusted for our non-cash charges, plus or minus working capital changes. Cash used in operat- ing activities for Fiscal 2013 totaled $9.3 million and was primarily comprised of non-cash adjusted net loss, excluding changes in operating assets and liabilities, of $7.1 million plus increases in inventory of $1.4 million. Net cash used in investing activities remained relatively flat for Fiscal 2013 com- pared with Fiscal 2012 due to slightly higher capital asset expenditures in Fiscal 2012 offset by proceeds from the sale of long-lived real estate assets in Germany. For fiscal 2014, we expect capital expenditures to total approximately $750,000, and we expect depreciation and amortization to total approximately $650,000. The 57.3 million increase in net cash provided by financing activities for Fisca 2013 compared to Fiscal 2012 was primarily due to net proceeds from equy ings in late 2013 of $5.2 million plus increased net borrowing under line of $1.4 million 13 m equity offer rowing under lines of credit Extracted from 10-K filings for Biolase, Inc. 2013. Obtained from US Securities and Exchange Commission sec.gov