Universal Security Instruments, Inc. (UUU) financial statements (2021 and earlier)

Company profile

Business Address 11407 CRONHILL DRIVE, SUITES A-D
OWINGS MILLS, MD 21117-3586
State of Incorp. MD
Fiscal Year End March 31
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)

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5811462789417740224
Cash and cash equivalents5811462789417740224
Receivables14757327146329456550
Inventory, net of allowances, customer advances and progress billings3,0403,4604,6205,1246,5647,0517,488
Inventory3,0403,4604,6205,1246,5647,0517,488
Prepaid expense179162151113146128130
Other undisclosed current assets3,3164,5671,5232,3001,8011,6191,944
Total current assets:7,2638,3936,9007,7779,0179,29310,336
Noncurrent Assets
Property, plant and equipment225266306346386425466
Long-term investments and receivables    7,0047,4047,923
Long-term investments    7,0047,4047,923
Intangible assets, net (including goodwill)46474849505153
Intangible assets, net (excluding goodwill)46474849505153
Other noncurrent assets4444444
Total noncurrent assets:2753173584007,4457,8858,446
TOTAL ASSETS:7,5388,7097,2588,17716,46217,17818,781
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities728703421643631421491
Accounts payable569560303506415315392
Employee-related liabilities15914311913721710799
Debt2211,3801,1611,7201,5001,3261,695
Due to related parties   2665,6165,5015,625
Other undisclosed current liabilities2903729689236397570
Total current liabilities:1,2402,4551,6782,7187,9847,6468,382
Noncurrent Liabilities
Long-term debt and lease obligation4478129171212263 
Operating lease, liability4478129171212263 
Liabilities, other than long-term debt1,0811,0811,081840   
Due to related parties1,0811,0811,081840   
Total noncurrent liabilities:1,1251,1591,2111,011212263 
Total liabilities:2,3653,6142,8883,7298,1957,9098,382
Stockholders' equity
Stockholders' equity attributable to parent5,1735,0954,3694,4488,2669,26910,115
Common stock23232323232323
Additional paid in capital12,88612,88612,88612,88612,88612,88612,886
Accumulated other comprehensive income    326317462
Accumulated deficit(7,736)(7,814)(8,540)(8,461)(4,968)(3,957)(3,256)
Total stockholders' equity:5,1735,0954,3694,4488,2669,26910,115
Other undisclosed liabilities and equity      284
TOTAL LIABILITIES AND EQUITY:7,5388,7097,2588,17716,46217,17818,781

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

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
Revenues5,1256,4572,9411,7393,2243,6224,343
Other undisclosed gross profit(3,604)(4,353)(1,864)(1,738)(2,454)(2,532)(3,098)
Gross profit:1,5202,1041,07717701,0901,245
Operating expenses(1,428)(1,356)(1,121)(1,543)(1,254)(1,312)(1,377)
Operating income (loss):92748(43)(1,542)(484)(221)(133)
Interest and debt expense(14)(22)(36)(116)(119)(106)(107)
Income (loss) from continuing operations before equity method investments, income taxes:78726(79)(1,659)(603)(327)(240)
Loss from equity method investments   (3,078)(409)(374)(369)
Net income (loss) available to common stockholders, diluted:78726(79)(4,737)(1,012)(701)(609)

Comprehensive Income ($ in thousands)

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
Net income (loss):78726(79)(4,737)(1,012)(701)(609)
Other undisclosed comprehensive loss   (427)   
Comprehensive income (loss):78726(79)(5,164)(1,012)(701)(609)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   4639(145)(150)
Comprehensive income (loss), net of tax, attributable to parent:78726(79)(4,700)(1,003)(846)(759)

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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