Advanced Environmental Recycling Technologies Inc (AERT) Financial Statements (2024 and earlier)

Company Profile

Business Address 914 N. JEFFERSON STREET
SPRINGDALE, AR 72764
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 243 - Millwork, Veneer, Plywood, And Structural Wood (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,30743287216243254
Cash and cash equivalents3,30743287216243254
Receivables2,9924,1343,0824,3783,3415,738
Inventory, net of allowances, customer advances and progress billings19,01319,82123,83820,96817,00112,193
Inventory19,01319,82123,83820,96817,00112,193
Prepaid expense1,6191,6278971,4121,6061,895
Deferred costs    (632)  
Other undisclosed current assets    632  
Total current assets:26,93126,01427,90426,97422,19120,080
Noncurrent Assets
Property, plant and equipment25,47325,77326,45527,54727,82528,695
Regulated entity, other noncurrent assets3583803981,149205297
Other noncurrent assets558618684379380420
Total noncurrent assets:26,38926,77127,53729,07528,41029,412
TOTAL ASSETS:53,32052,78555,44156,04950,60149,492
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,91610,4579,02310,62810,69410,660
Accounts payable4,5565,5804,2106,1906,4807,250
Accrued liabilities5,3604,8774,8134,4384,2143,410
Debt2,0222,0232,0202,0465,8496,504
Due to related parties323230299031
Other undisclosed current liabilities   9,5157,503  
Total current liabilities:11,97012,51220,58820,20616,63317,195
Noncurrent Liabilities
Long-term debt and lease obligation37,04337,10137,18337,02034,98834,488
Long-term debt, excluding current maturities37,04337,10137,18337,02034,98834,488
Total noncurrent liabilities:37,04337,10137,18337,02034,98834,488
Total liabilities:49,01349,61357,77157,22651,62151,683
Equity
Equity, attributable to parent, including:(23,688)(24,340)(29,368)(28,475)(27,915)(28,688)
Common stock 897897897   
Additional paid in capital53,66053,66053,66053,66053,66053,660
Accumulated deficit(78,245)(78,897)(83,925)(83,032)(82,472)(83,245)
Other undisclosed equity, attributable to parent   897897897
Total equity:(23,688)(24,340)(29,368)(28,475)(27,915)(28,688)
Other undisclosed liabilities and equity27,99527,51227,03827,29826,89526,497
TOTAL LIABILITIES AND EQUITY:53,32052,78555,44156,04950,60149,492

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

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
Revenues
(Revenue, Net)
20,47629,00117,14517,10721,84331,527
Cost of revenue
(Cost of Goods and Services Sold)
(15,327)(20,006)(13,372)(13,346)(16,503)(25,035)
Gross profit:5,1498,9953,7733,7615,3406,492
Operating expenses(3,378)(3,945)(3,496)(3,187)(3,318)(3,471)
Operating income (loss):1,7715,0502775742,0223,021
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
11,1064124
Other undisclosed loss from continuing operations before equity method investments, income taxes(698)(712)(765)(732)(853)(929)
Income (loss) from continuing operations before income taxes:1,0745,444(484)(157)1,1712,096
Other undisclosed loss from continuing operations      
Income (loss) from continuing operations:1,0745,444(484)(157)1,1712,096
Income (loss) before gain (loss) on sale of properties:1,0745,444(484)(157)1,1712,096
Net income (loss) attributable to parent:1,0745,444(484)(157)1,1712,096
Preferred stock dividends and other adjustments(422)(416)(409)(403)(398)(391)
Net income (loss) available to common stockholders, diluted:6525,028(893)(560)7731,705

Comprehensive Income ($ in thousands)

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
Net income (loss):1,0745,444(484)(157)1,1712,096
Comprehensive income (loss), net of tax, attributable to parent:1,0745,444(484)(157)1,1712,096

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.

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