Surge Components Inc (SPRS) financial statements (2021 and earlier)

Company profile

Business Address 95 EAST JEFRYN BLVD
DEER PARK, NY 11729
State of Incorp. NY
Fiscal Year End November 30
SIC 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3883,8094,0833,3322,7392,3472,595
Cash and cash equivalents4,3883,8094,0833,3322,7392,3472,595
Receivables6,4555,9304,6064,5785,1305,5495,978
Inventory, net of allowances, customer advances and progress billings3,4113,7273,8743,1393,5933,7633,576
Inventory3,4113,7273,8743,1393,5933,7633,576
Prepaid expense534475     
Other undisclosed current assets  458343487312133
Total current assets:14,78813,94113,02111,39111,94911,97112,282
Noncurrent Assets
Operating lease, right-of-use asset1,6361,702148215   
Property, plant and equipment10211212012712194104
Intangible assets, net (including goodwill)(2,344)(2,334)     
Intangible assets, net (excluding goodwill)(2,344)(2,334)     
Deferred income tax assets1,3081,005908    
Other noncurrent assets23232323232323
Other undisclosed noncurrent assets2,3442,334 9441,1861,1421,045
Total noncurrent assets:3,0692,8421,1981,3081,3291,2591,172
TOTAL ASSETS:17,85616,78314,21912,69913,27813,23013,453
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,1241,6504,7573,9094,4324,5795,475
Accounts payable3,881 3,8222,9913,3443,5944,465
Accrued liabilities 557503523581565577
Employee-related liabilities677536431395507419433
Taxes payable566557     
Debt88162233  7
Other undisclosed current liabilities2343,540  87 
Total current liabilities:5,3665,1984,9194,1424,4404,5865,482
Noncurrent Liabilities
Long-term debt and lease obligation1,8881,9961415  20
Long-term debt, excluding current maturities450450     
Finance lease, liability9111415   
Capital lease obligations20
Operating lease, liability1,4301,535     
Liabilities, other than long-term debt    131720
Deferred rent credit    131720
Other undisclosed noncurrent liabilities(1,430)(1,535)450 1720 
Total noncurrent liabilities:4581,99646315303639
Total liabilities:7,2547,1945,3824,1574,4704,6225,522
Stockholders' equity
Stockholders' equity attributable to parent, including:10,6029,5898,8378,5428,8088,6087,932
Common stock5555555
Additional paid in capital16,94916,94916,88316,66616,66616,66616,666
Accumulated deficit(6,352)(7,365)(8,052)(8,130)(7,863)(8,064)(8,740)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:10,6029,5898,8378,5428,8088,6087,932
TOTAL LIABILITIES AND EQUITY:17,85616,78314,21912,69913,27813,23013,453

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

11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
Revenues9,6138,6676,6476,7897,5348,0868,465
Cost of revenue(1)(6,405)(4,604)(1)(1)(5,670)(5,995)
Cost of goods and services sold(7,049)(6,405)(4,604)(4,903)(5,494)(5,670)(5,995)
Other undisclosed gross profit(7,049)  (4,902)(5,494)  
Gross profit:2,5642,2622,0431,8862,0392,4162,470
Operating expenses(5,426)(594)(1,909)(1,855)(1,808)(1,814)(1,945)
Other undisclosed operating income (loss)3,652(1,137)     
Operating income:79053113330231601524
Nonoperating income (expense)0020(0)(0)(0)(1)
Investment income, nonoperating     00
Interest and debt expense(0)(0)(1)(1)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes:78953115330230600523
Other undisclosed income from continuing operations before income taxes0011111
Income from continuing operations before income taxes:79053115330231601524
Income tax expense (benefit)224158(75)(294)(31)78(62)
Net income (loss) attributable to parent:1,01368978(264)200679462
Preferred stock dividends and other adjustments (3) (3) (3) 
Net income (loss) available to common stockholders, diluted:1,01368678(266)200677462

Comprehensive Income ($ in thousands)

11/30/2020
Q4
8/31/2020
Q3
5/31/2020
Q2
2/29/2020
Q1
11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
Net income (loss):1,01368978(264)200679462
Comprehensive income (loss), net of tax, attributable to parent:1,01368978(264)200679462

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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