Qualstar Corporation (QBAK) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1267 FLYNN ROAD CAMARILLO, CA 93012 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3695 - Magnetic And Optical Recording Media (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,781 | 4,698 | 3,691 | 4,696 | 7,225 | 8,271 | |||
| Cash and cash equivalents | 4,781 | 4,698 | 3,691 | 4,696 | 5,462 | 1,966 | |||
| Short-term investments | 1,763 | 6,305 | |||||||
| Restricted cash and investments | 100 | 100 | 100 | ||||||
| Receivables | 1,809 | 1,802 | 1,583 | 2,321 | 1,412 | 3,784 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,897 | 1,564 | 1,360 | 2,948 | 3,177 | 1,628 | |||
| Inventory | 2,897 | 1,564 | 1,360 | 2,948 | 3,177 | 1,628 | |||
| Other undisclosed current assets | 180 | 163 | 166 | 140 | 241 | 363 | |||
| Total current assets: | 9,767 | 8,327 | 6,900 | 10,105 | 12,055 | 14,046 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 112 | 172 | 286 | 538 | 663 | 545 | |||
| Long-term investments and receivables | 4,696 | 5,546 | |||||||
| Long-term investments | 4,696 | 5,546 | |||||||
| Other noncurrent assets | 119 | 68 | 77 | 41 | 67 | 70 | |||
| Other undisclosed noncurrent assets | (4,696) | ||||||||
| Total noncurrent assets: | 231 | 240 | 363 | 579 | 730 | 6,161 | |||
| TOTAL ASSETS: | 9,998 | 8,567 | 7,263 | 10,684 | 12,785 | 20,207 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,767 | 1,692 | 1,469 | 1,887 | 3,136 | 2,513 | |||
| Employee-related liabilities | 185 | 173 | 222 | 396 | 322 | 424 | |||
| Accounts payable | 1,023 | 1,065 | 888 | 913 | 952 | 2,089 | |||
| Accrued liabilities | 559 | 454 | 359 | 578 | 1,862 | ||||
| Deferred revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | |||||||||
| Liability for uncertainty in income taxes | 17 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | 834 | 787 | 830 | 1,197 | 953 | ||
| Contract with customer, liability | ✕ | 736 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | (185) | (688) | 1,962 | ||||||
| Total current liabilities: | 2,503 | 2,526 | 2,256 | 2,532 | 3,645 | 5,445 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | |||||||||
| Liabilities, other than long-term debt | 167 | 145 | 168 | 242 | 17 | 17 | |||
| Deferred revenue and credits | ✕ | ✕ | 93 | 105 | 225 | ||||
| Deferred revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | 127 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 40 | 52 | 63 | 17 | 17 | 17 | |||
| Operating lease, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 167 | 145 | 168 | 242 | 17 | 17 | |||
| Total liabilities: | 2,670 | 2,671 | 2,424 | 2,774 | 3,662 | 5,462 | |||
| Equity | |||||||||
| Equity, attributable to parent | 7,328 | 5,896 | 4,839 | 7,910 | 9,123 | 14,745 | |||
| Common stock | 19,426 | 19,480 | 19,063 | 19,039 | 18,943 | 18,938 | |||
| Accumulated other comprehensive income | 1 | 4 | |||||||
| Accumulated deficit | (12,098) | (13,584) | (14,224) | (11,129) | (9,821) | (4,197) | |||
| Total equity: | 7,328 | 5,896 | 4,839 | 7,910 | 9,123 | 14,745 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,998 | 8,567 | 7,263 | 10,684 | 12,785 | 20,207 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,229 | 10,641 | 9,417 | 25,804 | 10,941 | 12,642 | ||
| Revenue, net | ✕ | ✕ | 10,641 | 9,417 | 25,804 | 10,941 | 12,642 | |
| Cost of revenue (Cost of Goods and Services Sold) | (7,184) | (6,392) | (6,824) | (8,187) | (10,553) | (9,827) | ||
| Other undisclosed gross profit | (13,245) | 2,203 | 640 | |||||
| Gross profit: | 5,045 | 4,249 | 2,593 | 4,372 | 2,591 | 3,455 | ||
| Operating expenses | (3,555) | (3,592) | (3,806) | (5,661) | (8,239) | (13,866) | ||
| Operating income (loss): | 1,490 | 657 | (1,213) | (1,289) | (5,648) | (10,411) | ||
| Nonoperating income (expense) | 3 | (30) | 26 | (54) | ||||
| Investment income, nonoperating | (11) | 2 | (54) | |||||
| Other nonoperating income (expense) | 3 | (19) | 24 | |||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 11 | (2) | 102 | |||||
| Income (loss) from continuing operations before income taxes: | 1,490 | 657 | (1,210) | (1,308) | (5,624) | (10,363) | ||
| Income tax expense (benefit) | (4) | (17) | 1 | |||||
| Income (loss) from continuing operations: | 1,486 | 640 | (1,210) | (1,308) | (5,623) | (10,363) | ||
| Income (loss) before gain (loss) on sale of properties: | 1,486 | 640 | (1,210) | (1,308) | (5,623) | (10,363) | ||
| Other undisclosed net loss | (1) | |||||||
| Net income (loss) available to common stockholders, diluted: | 1,486 | 640 | (1,210) | (1,308) | (5,624) | (10,363) | ||
Comprehensive Income ($ in thousands)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,486 | 640 | (1,210) | (1,308) | (5,624) | (10,363) | ||
| Other undisclosed comprehensive loss | (3) | (5) | ||||||
| Comprehensive income (loss): | 1,486 | 640 | (1,210) | (1,308) | (5,627) | (10,368) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,486 | 640 | (1,210) | (1,309) | (5,627) | (10,368) | ||
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.