American Commerce Solutions, Inc. (AACS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1400 CHAMBER DRIVE BARTOW, FL 33830 |
| State of Incorp. | DE |
| Fiscal Year End | February 29 |
| Industry (SIC) | 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 2/29/2016 Q4 | 11/30/2015 Q3 | 8/31/2015 Q2 | 5/31/2015 Q1 | 2/28/2015 Q4 | 11/30/2014 Q3 | 8/31/2014 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20 | 11 | 21 | 45 | 28 | 56 | |||
| Cash and cash equivalents | 20 | 11 | 21 | 45 | 28 | 56 | |||
| Receivables | 1,635 | 2,373 | 2,377 | 415 | 509 | 329 | |||
| Inventory, net of allowances, customer advances and progress billings | 219 | 280 | 300 | 288 | 314 | 281 | |||
| Inventory | 219 | 280 | 300 | 288 | 314 | 281 | |||
| Prepaid expense | 0 | 0 | 0 | ||||||
| Other undisclosed current assets | 394 | (373) | (394) | 1,516 | 1,520 | 1,505 | |||
| Total current assets: | 2,268 | 2,291 | 2,305 | 2,265 | 2,371 | 2,172 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,421 | 2,461 | 2,501 | 2,519 | 2,531 | 2,573 | |||
| Other noncurrent assets | 4 | 5 | 4 | 5 | 4 | ||||
| Investments and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 55 | 62 | 52 | ||
| Other undisclosed noncurrent assets | 83 | 50 | 66 | ||||||
| Total noncurrent assets: | 2,504 | 2,515 | 2,572 | 2,578 | 2,597 | 2,630 | |||
| TOTAL ASSETS: | 4,772 | 4,806 | 4,877 | 4,843 | 4,968 | 4,801 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 468 | 480 | 511 | 120 | 107 | 120 | |||
| Interest and dividends payable | 368 | 361 | 352 | ||||||
| Accounts payable | 70 | 69 | 112 | 76 | 68 | 66 | |||
| Accrued liabilities | 29 | 50 | 46 | 44 | 39 | 54 | |||
| Debt | 660 | 668 | 249 | 808 | 248 | 247 | |||
| Due to related parties | 1 | 1 | |||||||
| Other undisclosed current liabilities | (1) | (1) | (215) | 336 | 327 | ||||
| Total current liabilities: | 1,128 | 1,148 | 760 | 713 | 691 | 694 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 300 | 333 | 427 | 435 | 443 | 450 | |||
| Long-term debt, excluding current maturities | 300 | 333 | 427 | 435 | 443 | 450 | |||
| Liabilities, other than long-term debt | 1,776 | 1,718 | 1,660 | ||||||
| Due to related parties | 1,776 | 1,718 | 1,660 | ||||||
| Other undisclosed noncurrent liabilities | 350 | 1,975 | 2,057 | 1,848 | |||||
| Total noncurrent liabilities: | 2,075 | 2,050 | 2,437 | 2,410 | 2,499 | 2,298 | |||
| Total liabilities: | 3,203 | 3,198 | 3,197 | 3,123 | 3,190 | 2,992 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,569 | 1,608 | 1,680 | 1,720 | 1,778 | 1,809 | |||
| Common stock | 2,316 | 2,316 | 2,316 | 2,316 | 2,316 | 2,316 | |||
| Treasury stock, value | (266) | (266) | (266) | (266) | (266) | (266) | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (10) | (10) | (10) | (10) | (10) | (10) | |||
| Additional paid in capital | 19,084 | 19,084 | 19,084 | 19,084 | 19,084 | 19,084 | |||
| Accumulated other comprehensive income (loss) | (27) | (54) | (38) | (49) | (42) | (51) | |||
| Accumulated deficit | (19,528) | (19,462) | (19,407) | (19,355) | (19,304) | (19,264) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Other undisclosed equity | 266 | 266 | 266 | 266 | 266 | 266 | |||
| Total equity: | 1,835 | 1,874 | 1,945 | 1,986 | 2,044 | 2,075 | |||
| Other undisclosed liabilities and equity | (266) | (266) | (266) | (266) | (266) | (266) | |||
| TOTAL LIABILITIES AND EQUITY: | 4,772 | 4,806 | 4,877 | 4,843 | 4,968 | 4,801 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 2/29/2016 Q4 | 11/30/2015 Q3 | 8/31/2015 Q2 | 5/31/2015 Q1 | 2/28/2015 Q4 | 11/30/2014 Q3 | 8/31/2014 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 500 | 543 | 512 | 556 | 600 | 474 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (242) | (260) | (244) | (266) | (316) | (237) | ||
| Gross profit: | 257 | 283 | 268 | 290 | 284 | 237 | ||
| Operating expenses | (317) | (365) | (344) | (375) | (369) | (368) | ||
| Other operating income (expense), net | (14) | 14 | ||||||
| Other undisclosed operating income | 41 | 41 | 63 | 36 | 48 | |||
| Operating loss: | (60) | (41) | (36) | (36) | (36) | (83) | ||
| Nonoperating income (expense) | (6) | (14) | (15) | (16) | (5) | (15) | ||
| Investment income, nonoperating | 8 | 8 | 7 | 7 | 6 | 6 | ||
| Interest and debt expense | (19) | (22) | (22) | (9) | (24) | (21) | ||
| Income (loss) from continuing operations: | (85) | (77) | (74) | (60) | (65) | (119) | ||
| Income (loss) before gain (loss) on sale of properties: | (85) | (77) | (74) | (60) | (65) | (119) | ||
| Net income (loss): | (85) | (77) | (74) | (60) | (65) | (119) | ||
| Other undisclosed net income (loss) attributable to parent | 19 | 22 | 22 | 9 | 24 | 21 | ||
| Net loss attributable to parent: | (66) | (55) | (51) | (51) | (40) | (98) | ||
| Other undisclosed net income available to common stockholders, basic | 11 | |||||||
| Net loss available to common stockholders, diluted: | (66) | (55) | (40) | (51) | (40) | (98) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 2/29/2016 Q4 | 11/30/2015 Q3 | 8/31/2015 Q2 | 5/31/2015 Q1 | 2/28/2015 Q4 | 11/30/2014 Q3 | 8/31/2014 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (85) | (77) | (74) | (60) | (65) | (119) | ||
| Comprehensive income (loss): | (85) | (77) | (74) | (60) | (65) | (119) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 47 | 5 | 33 | 2 | 34 | (9) | ||
| Comprehensive loss, net of tax, attributable to parent: | (39) | (72) | (40) | (58) | (31) | (129) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.