STERLING CONSOLIDATED Corp (STCC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1105 GREEN GROVE ROAD
NEPTUNE, NJ 07753
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 305 - Gaskets, Packing, And Sealing Devices And Rubber (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56917210632377
Cash and cash equivalents56917210632377
Receivables1,4751,1991,448423846
Inventory, net of allowances, customer advances and progress billings3,3533,0463,3382,5602,5052,723
Inventory3,3533,0463,3382,5602,5052,723
Deferred tax assets25440356
Other undisclosed current assets172  689354500
Total current assets:5,5684,4164,8923,5773,3373,332
Noncurrent Assets
Property, plant and equipment9181,4481,5371,6321,7511,904
Intangible assets, net (including goodwill), including:77911056986103
Intangible assets, net (excluding goodwill) (127)(113)(99)(85)(68)(51)
Other undisclosed intangible assets, net (including goodwill)204204204154154154
Deferred income tax assets200326374
Deferred tax assets, net310131102
Other undisclosed noncurrent assets     40356
Total noncurrent assets:1,1951,8652,0162,0102,3712,164
TOTAL ASSETS:6,7636,2816,9085,5875,7085,496
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,4221,0431,3421,2781,2731,022
Other undisclosed accounts payable and accrued liabilities1,4221,0431,3421,2781,2731,022
Debt4411,1551,1831,779860801
Derivative instruments and hedges, liabilities     215
Due to related parties53535353  
Other liabilities505506271
Total current liabilities:1,9662,2552,5833,1112,1981,909
Noncurrent Liabilities
Long-term debt and lease obligation1,6921,8391,619121,0741,136
Long-term debt, excluding current maturities1,6921,8391,619121,0741,136
Liabilities, other than long-term debt7677491,1941,6641,6811,682
Due to related parties7677491,1941,6641,6811,682
Total noncurrent liabilities:2,4592,5892,8131,6762,7552,817
Total liabilities:4,4254,8445,3954,7874,9534,727
Equity
Equity, attributable to parent2,3381,4381,513801755769
Common stock474747424141
Common stock, value, subscriptions93     
Additional paid in capital2,5692,5692,5692,0751,9631,446
Accumulated deficit(371)(1,179)(1,104)(1,316)(1,249)(718)
Total equity:2,3381,4381,513801755769
TOTAL LIABILITIES AND EQUITY:6,7636,2816,9085,5875,7085,496

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

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues10,4458,8149,5997,1116,4535,739
Revenue, net6,4535,739
Cost of revenue
(Cost of Goods and Services Sold)
(7,707)(6,779)(7,364)(4,954)(5,428)(4,176)
Gross profit:2,7382,0352,2352,1561,0251,563
Operating expenses(2,177)(1,896)(1,802)(1,847)(1,862)(1,468)
Operating income (loss):561139432309(837)95
Nonoperating income (expense)419(161)(217)(152)(24)(184)
Other nonoperating income (expense)1212(22)590(12)
Interest and debt expense(144)(163)(194)(138)(125)(142)
Income (loss) from continuing operations before equity method investments, income taxes:836(185)2119(986)(230)
Other undisclosed income from continuing operations before income taxes144163194138125142
Income (loss) from continuing operations before income taxes:980(22)216157(862)(89)
Income tax expense (benefit)(172)(53)(3)(224)3304
Income (loss) from continuing operations:808(75)212(67)(531)(85)
Income (loss) before gain (loss) on sale of properties:808(75)212(67)(531)(85)
Net income (loss) available to common stockholders, diluted:808(75)212(67)(531)(85)

Comprehensive Income ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):808(75)212(67)(531)(85)
Comprehensive income (loss), net of tax, attributable to parent:808(75)212(67)(531)(85)

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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