American Commerce Solutions, Inc. (AACS) financial statements (2020 and earlier)

Company profile

Business Address 1400 CHAMBER DRIVE
BARTOW, FL 33830
State of Incorp. DE
Fiscal Year End February 29
SIC 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

2/29/2016
2/28/2015
2/28/2014
2/28/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3645822
Cash and cash equivalents3645822
Receivables2,069415352181
Inventory, net of allowances, customer advances and progress billings191288319279
Inventory191288319279
Prepaid expense10 3
Prepaid expense and other current assets4
Other undisclosed current assets71,5161,5141,730
Total current assets:2,3132,2652,1972,216
Noncurrent Assets
Property, plant and equipment2,3812,5192,6552,776
Other noncurrent assets 45
Prepaid expense and other noncurrent assets3
Investments and other noncurrent assets55  
Other undisclosed noncurrent assets65   
Total noncurrent assets:2,4462,5782,6602,779
TOTAL ASSETS:4,7594,8434,8564,995
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities493120185258
Accounts payable10176122156
Accrued liabilities724463102
Interest and dividends payable320   
Debt299808246(766)
Due to related parties12   
Other undisclosed current liabilities341(215)3091,881
Total current liabilities:1,1457137401,372
Noncurrent Liabilities
Long-term debt and lease obligation299435392882
Long-term debt, excluding current maturities299435392882
Liabilities, other than long-term debt1,834   
Due to related parties1,834   
Other undisclosed noncurrent liabilities 1,9752,1351,837
Total noncurrent liabilities:2,1322,4102,5272,719
Total liabilities:3,2783,1233,2684,091
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4821,7201,589904
Common stock2,3162,3162,0721,327
Treasury stock, value(266)(266)(266)(266)
Common stock, share subscribed but unissued, subscriptions receivable(10)(10)(10)(10)
Additional paid in capital19,06319,08419,01718,909
Accumulated other comprehensive income (loss)33(49)  
Accumulated deficit(19,655)(19,355)(19,225)(19,056)
Other undisclosed stockholders' equity attributable to parent0000
Other undisclosed stockholders' equity266266266 
Total stockholders' equity:1,7471,9861,854904
Other undisclosed liabilities and equity(266)(266)(266) 
TOTAL LIABILITIES AND EQUITY:4,7594,8434,8564,995

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

2/29/2016
2/28/2015
2/28/2014
2/28/2013
Revenues
(Revenue, Net)
2,0532,2392,6662,352
Cost of revenue
(Cost of Goods and Services Sold)
(1,000)(1,077)(1,265)(1,034)
Gross profit:1,0531,1621,4011,317
Operating expenses(1,308)(1,522)(1,478)(1,492)
Other operating income (expense), net 84(17) 
Other undisclosed operating income 1144166
Operating loss:(255)(162)(54)(109)
Nonoperating income (expense)1032(115)103
Investment income, nonoperating31241714
Interest and debt expense56(77)(115)(340)
Loss from continuing operations before equity method investments, income taxes:(188)(207)(284)(346)
Other undisclosed income from continuing operations before income taxes   340
Net loss:(188)(207)(284)(6)
Other undisclosed net income (loss) attributable to parent(56)77115 
Net loss available to common stockholders, diluted:(245)(130)(169)(6)

Comprehensive Income ($ in thousands)

2/29/2016
2/28/2015
2/28/2014
2/28/2013
Net loss:(188)(207)(284)(6)
Comprehensive loss:(188)(207)(284)(6)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(50)28  
Comprehensive loss, net of tax, attributable to parent:(239)(179)(284)(6)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: