Saker Aviation Services, Inc. (SKAS) Financial Statements (2024 and earlier)

Company Profile

Business Address 20 SOUTH STREET
NEW YORK, NY 10004
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 4581 - Airports, Flying Fields, and Airport Terminal Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   4,7153,5153,094
Cash and cash equivalents    4,7153,5153,094
Short-term investments      
Receivables323322364491592985
Inventory, net of allowances, customer advances and progress billings33148324281
Inventory33148324281
Prepaid expense241215355237283211
Asset, held-for-sale, not part of disposal group    1,176  
Other undisclosed current assets6,8286,3096,137 500 
Total current assets:7,3956,8496,8706,6265,2144,571
Noncurrent Assets
Operating lease, right-of-use asset    324360374
Property, plant and equipment34394338232250
Intangible assets, net (including goodwill)     750750
Goodwill     750750
Total noncurrent assets:3439433621,3431,374
TOTAL ASSETS:7,4296,8886,9136,9886,5565,945
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities799976926984812894
Accounts payable521381329554481496
Accrued liabilities279594597430331398
Deferred revenue205205205205155181
Debt    57109
Other undisclosed current liabilities    3394246
Total current liabilities:1,0041,1801,1301,5861,0191,131
Noncurrent Liabilities
Long-term debt and lease obligation     360370
Long-term debt, excluding current maturities     5154
Operating lease, liability     309316
Other undisclosed noncurrent liabilities     (309)(316)
Total noncurrent liabilities:     360370
Total liabilities:1,0041,1801,1301,5861,3781,501
Equity
Equity, attributable to parent6,4255,7075,7835,4025,1784,444
Common stock292929292929
Additional paid in capital19,86419,83819,81319,77519,76419,752
Accumulated deficit(13,468)(14,160)(14,060)(14,402)(14,615)(15,337)
Total equity:6,4255,7075,7835,4025,1784,444
TOTAL LIABILITIES AND EQUITY:7,4296,8886,9136,9886,5565,945

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,4121,3221,8542,6023,4531,821
Cost of revenue
(Cost of Goods and Services Sold)
(638)(681)(702)(1,009)(1,813)(1,253)
Gross profit:1,7746411,1521,5931,640568
Operating expenses(809)(742)(972)(1,186)(1,338)(693)
Operating income (loss):964(101)181407302(125)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
63 3 (519)94
Interest and debt expense     (6)(6)
Income (loss) from continuing operations before equity method investments, income taxes:1,027(101)184407(223)(37)
Other undisclosed income from continuing operations before income taxes     1,0446
Income (loss) from continuing operations before income taxes:1,027(101)184407821(31)
Income tax expense(335) (60)(141)(99) 
Income (loss) from continuing operations:692(101)124266722(31)
Income (loss) before gain (loss) on sale of properties:266722(31)
Other undisclosed net income   186   
Net income (loss):692(101)310266722(31)
Other undisclosed net income (loss) attributable to parent   33(53)  
Net income (loss) available to common stockholders, diluted:692(101)343213722(31)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):692(101)310266722(31)
Comprehensive income (loss), net of tax, attributable to parent:692(101)310266722(31)

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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