Inrad Optics Inc (INRD) financial statements (2021 and earlier)

Company profile

Business Address 181 LEGRAND AVE
NORTHVALE, NJ 07647
State of Incorp. NJ
Fiscal Year End December 31
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1309511,1868009736741,003
Cash and cash equivalents1,1309511,1868009736741,003
Receivables8241,2331,2961,0341,2051,3451,127
Inventory, net of allowances, customer advances and progress billings3,2062,8343,0163,1962,7402,9952,687
Inventory3,2062,8343,0163,1962,7402,9952,687
Other current assets215141181128144143143
Total current assets:5,3755,1595,6795,1585,0625,1584,959
Noncurrent Assets
Inventory, Noncurrent562562562564614554554
Operating lease, right-of-use asset415689
Property, plant and equipment6276816277138771,1291,568
Intangible assets, net (including goodwill)  3270151202280
Intangible assets, net (excluding goodwill)  3270151202280
Other noncurrent assets48453237303235
Total noncurrent assets:1,6531,9761,2541,3841,6731,9172,437
TOTAL ASSETS:7,0287,1356,9326,5436,7357,0757,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7189788351,2171,0751,0351,018
Accounts payable      580
Accrued liabilities125224197213192152135
Employee-related liabilities 133114121124148268
Other undisclosed accounts payable and accrued liabilities59362152488375973535
Deferred revenue857768
Debt162891312108171164
Customer advances and deposits870599368170
Contract with customer, liability773
Other undisclosed current liabilities305      
Total current liabilities:1,8952,0361,6212,0991,7821,5741,352
Noncurrent Liabilities
Long-term debt and lease obligation1,278582245258271379549
Long-term debt, excluding current maturities1,134167245258271379549
Operating lease, liability144415
Liabilities, other than long-term debt2,5002,5002,5002,5002,5002,5002,500
Due to related parties2,5002,5002,5002,5002,5002,5002,500
Total noncurrent liabilities:3,7783,0822,7452,7582,7712,8793,049
Total liabilities:5,6735,1184,3664,8574,5534,4534,401
Stockholders' equity
Stockholders' equity attributable to parent1,3552,0172,5671,6852,1822,6222,996
Common stock138137136135132127124
Treasury stock, value(15)(15)(15)(15)(15)(15)(15)
Additional paid in capital19,51619,28119,05618,88218,70018,53918,437
Accumulated deficit(18,285)(17,386)(16,610)(17,317)(16,634)(16,029)(15,550)
Other undisclosed stockholders' equity(0)      
Total stockholders' equity:1,3552,0172,5671,6852,1822,6222,996
TOTAL LIABILITIES AND EQUITY:7,0287,1356,9326,5436,7357,0757,396

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,00810,00811,4899,8599,76710,4929,726
Revenue, net9,8599,76710,4929,726
Cost of revenue(7,218)(8,015)(8,388)(7,937)(7,812)(8,258)(8,796)
Cost of goods and services sold(7,218)(8,015)(8,388)(7,937)(7,812)(8,258)(8,796)
Gross profit:1,7891,9933,1011,9231,9542,235930
Operating expenses(2,538)(2,614)(2,274)(2,417)(2,451)(2,543)(3,556)
Other undisclosed operating income  40   130
Operating income (loss):(748)(622)867(494)(496)(308)(2,496)
Nonoperating expense(150)(154)(161)(188)(109)(170)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes0      
Net income (loss) available to common stockholders, diluted:(899)(776)707(683)(605)(479)(2,515)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(899)(776)707(683)(605)(479)(2,515)
Comprehensive income (loss), net of tax, attributable to parent:(899)(776)707(683)(605)(479)(2,515)

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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