Bulova Technologies Group Inc (BTGI) Financial Statements (2024 and earlier)

Company Profile

Business Address 19337 US HIGHWAY 19 NORTH
CLEARWATER, FL 33764
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 5084 - Industrial Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q1
9/30/2016
Q4
6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30639865081256823
Cash and cash equivalents30639865081256823
Receivables2,3022,1222,3262,4262,632288
Inventory, net of allowances, customer advances and progress billings219421421767768752
Inventory219421421767768752
Other current assets34535635349449576
Total current assets:3,1723,2983,7504,4994,4621,139
Noncurrent Assets
Property, plant and equipment10,16610,32610,74611,1009,758327
Intangible assets, net (including goodwill)4,7904,7904,7904,7904,790 
Goodwill4,7904,7904,7904,7904,790 
Other noncurrent assets16012511317912313
Other undisclosed noncurrent assets      
Total noncurrent assets:15,11515,24015,64916,06914,671341
TOTAL ASSETS:18,28718,53919,39920,56819,1331,479
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8072,0002,0121,8972,001384
Accounts payable1,4341,6211,5981,3891,503266
Accrued liabilities373379414508497117
Debt8,8015,5184,5536,5374,567260
Disposal group, including discontinued operation  1,1041,1121,1721,2451,150
Due to related parties2,4242,1472,199   
Other undisclosed current liabilities1,3481,3001,1372,8412,7142,136
Total current liabilities:14,37912,06811,01412,44810,5273,930
Noncurrent Liabilities
Long-term debt and lease obligation7,5057,4638,0795,6595,121241
Long-term debt, excluding current maturities7,5057,4638,0795,6595,121241
Liabilities, other than long-term debt 44411,48211,48911,15610,88910,920
Due to related parties 1744024198989120
Disposal group, including discontinued operation, liabilities  10,80010,80010,80010,80010,800
Derivative instruments and hedges, liabilities 270279270267  
Other undisclosed noncurrent liabilities14,93415,01314,86215,00115,1118,134
Total noncurrent liabilities:22,88433,95734,43031,81631,12019,295
Total liabilities:37,26346,02645,44444,26441,64723,224
Equity
Equity, attributable to parent, including:(18,846)(27,483)(26,302)(23,696)(22,514)(21,745)
Preferred stock404040404040
Common stock500479344958274
Additional paid in capital28,91128,92128,79928,45428,39327,956
Accumulated deficit(48,231)(56,857)(55,419)(52,398)(51,146)(49,750)
Other undisclosed equity, attributable to parent(66)(66)(66)112117(66)
Equity, attributable to noncontrolling interest(130)(4)258   
Other undisclosed equity    (21)(26) 
Total equity:(18,976)(27,487)(26,044)(23,717)(22,540)(21,745)
Other undisclosed liabilities and equity    2126 
TOTAL LIABILITIES AND EQUITY:18,28718,53919,39920,56819,1331,479

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

6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q1
9/30/2016
Q4
6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
Other undisclosed loss before gain (loss) on sale of properties   (492)   
Revenues6,2596,3876,5186,8024,987413
Cost of revenue(4,552)(4,715)(4,856)(4,587)(3,612)(293)
Gross profit:1,7071,6731,6622,2151,375120
Operating expenses(4,008)(3,328)(4,470)(3,212)(2,383)(2,546)
Operating loss:(2,301)(1,655)(2,808)(996)(1,008)(2,426)
Nonoperating income (expense)9(6)253010430
Investment income, nonoperating9     
Other nonoperating income (expense)0(6)253010430
Interest and debt expense(1,771)(1,055)(1,091)(621)(450)(277)
Loss from continuing operations before income taxes:(4,062)(2,716)(3,875)(1,588)(1,354)(2,673)
Other undisclosed income from continuing operations1,7711,0452,170   
Loss from continuing operations:(2,291)(1,671)(1,705)(1,588)(1,354)(2,673)
Income (loss) before gain (loss) on sale of properties:8,501(1,700)(2,196)(1,588)(1,354)(2,673)
Income (loss) from discontinued operations 10,792(29)    
Other undisclosed net income (loss)   (588)332(17) 
Net income (loss):8,501(1,700)(2,784)(1,256)(1,371)(2,673)
Net income (loss) attributable to noncontrolling interest126262(237)5(26) 
Other undisclosed net income attributable to parent      274
Net income (loss) available to common stockholders, diluted:8,626(1,438)(3,022)(1,251)(1,397)(2,399)

Comprehensive Income ($ in thousands)

6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q1
9/30/2016
Q4
6/30/2016
Q3
3/31/2016
Q2
12/31/2015
Q1
Net income (loss):8,501(1,700)(2,784)(1,256)(1,371)(2,673)
Comprehensive income (loss):8,501(1,700)(2,784)(1,256)(1,371)(2,673)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest126262(237)5(26) 
Comprehensive income (loss), net of tax, attributable to parent:8,626(1,438)(3,022)(1,251)(1,397)(2,673)

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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