American Commerce Solutions, Inc. (AACS) financial statements (2020 and earlier)

Company profile

Business Address 1400 CHAMBER DRIVE
BARTOW, FL 33830
State of Incorp. DE
Fiscal Year End February 29
SIC 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

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 investments36201121452856
Cash and cash equivalents36201121452856
Receivables2,0691,6352,3732,377415509329
Inventory, net of allowances, customer advances and progress billings191219280300288314281
Inventory191219280300288314281
Prepaid expense10000   
Other undisclosed current assets7394(373)(394)1,5161,5201,505
Total current assets:2,3132,2682,2912,3052,2652,3712,172
Noncurrent Assets
Property, plant and equipment2,3812,4212,4612,5012,5192,5312,573
Other noncurrent assets  45454
Investments and other noncurrent assets556252
Other undisclosed noncurrent assets65835066   
Total noncurrent assets:2,4462,5042,5152,5722,5782,5972,630
TOTAL ASSETS:4,7594,7724,8064,8774,8434,9684,801
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities493468480511120107120
Accounts payable1017069112766866
Accrued liabilities72295046443954
Interest and dividends payable320368361352   
Debt299660668249808248247
Due to related parties12 11   
Other undisclosed current liabilities341 (1)(1)(215)336327
Total current liabilities:1,1451,1281,148760713691694
Noncurrent Liabilities
Long-term debt and lease obligation299300333427435443450
Long-term debt, excluding current maturities299300333427435443450
Liabilities, other than long-term debt1,8341,7761,7181,660   
Due to related parties1,8341,7761,7181,660   
Other undisclosed noncurrent liabilities   3501,9752,0571,848
Total noncurrent liabilities:2,1322,0752,0502,4372,4102,4992,298
Total liabilities:3,2783,2033,1983,1973,1233,1902,992
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4821,5691,6081,6801,7201,7781,809
Common stock2,3162,3162,3162,3162,3162,3162,316
Treasury stock, value(266)(266)(266)(266)(266)(266)(266)
Common stock, share subscribed but unissued, subscriptions receivable(10)(10)(10)(10)(10)(10)(10)
Additional paid in capital19,06319,08419,08419,08419,08419,08419,084
Accumulated other comprehensive income (loss)33(27)(54)(38)(49)(42)(51)
Accumulated deficit(19,655)(19,528)(19,462)(19,407)(19,355)(19,304)(19,264)
Other undisclosed stockholders' equity attributable to parent0000000
Other undisclosed stockholders' equity266266266266266266266
Total stockholders' equity:1,7471,8351,8741,9451,9862,0442,075
Other undisclosed liabilities and equity(266)(266)(266)(266)(266)(266)(266)
TOTAL LIABILITIES AND EQUITY:4,7594,7724,8064,8774,8434,9684,801

Income statement (P&L) ($ in thousands)

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)
499500543512556600474
Cost of revenue
(Cost of Goods and Services Sold)
(254)(242)(260)(244)(266)(316)(237)
Gross profit:245257283268290284237
Operating expenses(363)(317)(365)(344)(375)(369)(368)
Other operating income (expense), net    (14)14 
Other undisclosed operating income  4141633648
Operating loss:(118)(60)(41)(36)(36)(36)(83)
Nonoperating income (expense)46(6)(14)(15)(16)(5)(15)
Investment income, nonoperating8887766
Interest and debt expense119(19)(22)(22)(9)(24)(21)
Net income (loss):47(85)(77)(74)(60)(65)(119)
Other undisclosed net income (loss) attributable to parent(119)19222292421
Net loss attributable to parent:(72)(66)(55)(51)(51)(40)(98)
Other undisclosed net income available to common stockholders, basic   11   
Net loss available to common stockholders, diluted:(72)(66)(55)(40)(51)(40)(98)

Comprehensive Income ($ in thousands)

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):47(85)(77)(74)(60)(65)(119)
Comprehensive income (loss):47(85)(77)(74)(60)(65)(119)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(135)47533234(9)
Comprehensive loss, net of tax, attributable to parent:(88)(39)(72)(40)(58)(31)(129)

Statements sources

The financial statements are based on the company's filings with the 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.

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