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)

11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
2/28/2019
Q1
11/30/2018
Q4
8/31/2018
Q3
5/31/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7392,3472,5951,8171,7628211,307
Cash and cash equivalents2,7392,3472,5951,8171,7628211,307
Receivables5,1305,5495,9785,6045,9976,7665,206
Inventory, net of allowances, customer advances and progress billings3,5933,7633,5763,3503,3893,2173,804
Inventory3,5933,7633,5763,3503,3893,2173,804
Other undisclosed current assets4873121333720107178
Total current assets:11,94911,97112,28210,80811,16810,91110,495
Noncurrent Assets
Property, plant and equipment12194104112116128140
Other noncurrent assets23232323131313
Other undisclosed noncurrent assets1,1861,1421,0451,098983970963
Total noncurrent assets:1,3291,2591,1721,2331,1121,1111,117
TOTAL ASSETS:13,27813,23013,45312,04112,28012,02311,612
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,4324,5795,4754,6085,5326,5126,407
Accounts payable3,3443,5944,4653,6324,4204,9485,063
Accrued liabilities5815655775956031,019909
Employee-related liabilities507419433382509544435
Debt  77766
Other undisclosed current liabilities87   200225
Total current liabilities:4,4404,5865,4824,6155,5396,7186,639
Noncurrent Liabilities
Long-term debt and lease obligation  2022262729
Capital lease obligations2022262729
Liabilities, other than long-term debt13172023262830
Deferred rent credit13172023262830
Other undisclosed noncurrent liabilities1720     
Total noncurrent liabilities:30363945515659
Total liabilities:4,4704,6225,5224,6605,5906,7736,698
Stockholders' equity
Stockholders' equity attributable to parent, including:8,8088,6087,9327,3816,6905,2494,914
Common stock5555555
Additional paid in capital16,66616,66616,66616,57816,57816,55716,557
Accumulated deficit(7,863)(8,064)(8,740)(9,202)(9,893)(11,313)(11,648)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:8,8088,6087,9327,3816,6905,2494,914
TOTAL LIABILITIES AND EQUITY:13,27813,23013,45312,04112,28012,02311,612

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

11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
2/28/2019
Q1
11/30/2018
Q4
8/31/2018
Q3
5/31/2018
Q2
Revenues7,5348,0868,4658,4078,8469,2827,262
Cost of revenue(1)(5,670)(5,995)(1)(1)(7,174)(5,342)
Cost of goods and services sold(5,494)(5,670)(5,995)(6,084)(6,404)(7,174)(5,342)
Other undisclosed gross profit(5,494)  (6,083)(6,403)  
Gross profit:2,0392,4162,4702,3242,4422,1071,920
Operating expenses(1,808)(1,814)(1,945)(1,740)(1,555)(1,739)(1,745)
Operating income:231601524584887368175
Nonoperating income (expense)(0)(0)(1)(1)601(4)(4)
Investment income, nonoperating 00  00
Interest and debt expense(1)(1)(1)(1)(2)(4)(4)
Income from continuing operations before equity method investments, income taxes:2306005235831,485361168
Other undisclosed income from continuing operations before income taxes1111244
Income from continuing operations before income taxes:2316015245831,488364171
Income tax expense (benefit)(31)78(62)110(68)(27)(3)
Net income attributable to parent:2006794626941,420338168
Preferred stock dividends and other adjustments (3) (3) (3) 
Net income available to common stockholders, diluted:2006774626911,420335168

Comprehensive Income ($ in thousands)

11/30/2019
Q4
8/31/2019
Q3
5/31/2019
Q2
2/28/2019
Q1
11/30/2018
Q4
8/31/2018
Q3
5/31/2018
Q2
Net income:2006794626941,420338168
Comprehensive income, net of tax, attributable to parent:2006794626941,420338168

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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