Appliance Recycling Centers of America, Inc. (ARCI) financial statements (2020 and earlier)

Company profile

Business Address 325 E. WARM SPRINGS ROAD
LAS VEGAS, NV 89119
State of Incorp. NV
Fiscal Year End December 31
SIC 57 - Home Furniture, Furnishings, And Equipment Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6381,3706521,195718
Cash and cash equivalents6381,3706521,195718
Receivables8,4224,8704,0565,9057,248
Inventory, net of allowances, customer advances and progress billings1,7271,018975801926
Inventory1,7271,018975801926
Prepaid expense546715408352 
Other undisclosed current assets(2,089)376864265998
Total current assets:9,2448,3496,9558,5189,890
Noncurrent Assets
Operating lease, right-of-use asset2,1632,2721,884
Property, plant and equipment802740700617539
Intangible assets, net (including goodwill)18,19319,12220,05520,98821,921
Intangible assets, net (excluding goodwill)18,19319,12220,05520,98821,921
Deposits noncurrent assets194191   
Other noncurrent assets9190641661668
Other undisclosed noncurrent assets2,9562,7193,7843,8373,822
Total noncurrent assets:24,39925,13427,06426,10326,950
TOTAL ASSETS:33,64333,48334,01934,62136,840
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,7269,8009,5329,0099,666
Accounts payable3,7263,7773,9293,1693,785
Accrued liabilities1,3121,4148681,1185,869
Taxes payable4,6884,6094,7354,72212
Debt1,8371,747923256467
Other undisclosed current liabilities  1  
Total current liabilities:11,56311,54710,4569,26510,133
Noncurrent Liabilities
Long-term debt and lease obligation1,1501,2521,084  
Operating lease, liability1,1501,2521,084
Liabilities, other than long-term debt2,500 443,7453,605
Deferred tax liabilities, net3,5493,429
Due to related parties2,500    
Other liabilities  44196176
Other undisclosed noncurrent liabilities1,7262,4552,848  
Total noncurrent liabilities:5,3763,7073,9763,7453,605
Total liabilities:16,93915,25414,43213,01013,738
Stockholders' equity
Stockholders' equity attributable to parent16,70418,22919,58721,61123,102
Common stock22288
Additional paid in capital39,10738,66038,66038,65438,654
Accumulated other comprehensive loss(530)(516)(529)(533)(518)
Accumulated deficit(21,875)(19,917)(18,546)(16,518)(15,042)
Total stockholders' equity:16,70418,22919,58721,61123,102
TOTAL LIABILITIES AND EQUITY:33,64333,48334,01934,62136,840

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues9,7907,6016,2939,24110,267
Cost of revenue(7,226)(5,733)(5,144)(6,143)(6,874)
Cost of goods and services sold   (6,143)(6,874)
Gross profit:2,5641,8681,1493,0983,393
Operating expenses(5,185)(4,257)(4,024)(4,359)(5,064)
Operating loss:(2,621)(2,389)(2,875)(1,261)(1,671)
Nonoperating income (expense)(69)62514789251
Other nonoperating income663913989251
Interest and debt expense   7(45)
Loss from continuing operations before income taxes:(2,690)(1,764)(2,728)(1,165)(1,465)
Income tax expense (benefit)732393700(332)205
Net loss available to common stockholders, diluted:(1,958)(1,371)(2,028)(1,497)(1,260)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net loss:(1,958)(1,371)(2,028)(1,497)(1,260)
Other comprehensive income (loss) 104(19)12
Comprehensive loss:(1,958)(1,361)(2,024)(1,516)(1,248)
Other undisclosed comprehensive loss, net of tax, attributable to parent(14)    
Comprehensive loss, net of tax, attributable to parent:(1,972)(1,361)(2,024)(1,516)(1,248)

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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