Advanced Environmental Recycling Technologies Inc (AERT) financial statements (2023 and earlier)

Company profile

Business Address 914 N. JEFFERSON STREET
SPRINGDALE, AR 72764
State of Incorp. DE
Fiscal Year End December 31
SIC 243 - Millwork, Veneer, Plywood, And Structural Wood (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,733216112124346
Cash and cash equivalents1,733216112124346
Receivables4,9254,3784,3723,0953,747
Inventory, net of allowances, customer advances and progress billings18,45520,96814,31613,1509,468
Inventory18,45520,96814,31613,1509,468
Prepaid expense1,6301,4121,134522
Deferred costs (632)(1,004)  
Prepaid expense and other current assets557
Other undisclosed current assets 6321,00455 
Total current assets:26,74326,97419,93416,94614,118
Noncurrent Assets
Property, plant and equipment23,35627,54727,08828,82529,737
Regulated entity, other noncurrent assets3351,1494838531,193
Other noncurrent assets374379380380
Prepaid expense and other noncurrent assets413
Total noncurrent assets:24,06529,07527,95130,05831,343
TOTAL ASSETS:50,80856,04947,88547,00445,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,56710,6288,424  
Accounts payable5,9446,1904,559  
Accrued liabilities3,6234,4383,865  
Debt2,0222,0465,2401,2091,195
Due to related parties292925  
Other undisclosed current liabilities 7,5033,62513,13312,713
Total current liabilities:11,61820,20617,31414,34213,908
Noncurrent Liabilities
Long-term debt and lease obligation36,99237,02032,47034,97233,800
Long-term debt, excluding current maturities36,99237,02032,47034,97233,800
Total noncurrent liabilities:36,99237,02032,47034,97233,800
Total liabilities:48,61057,22649,78449,31447,708
Stockholders' equity
Stockholders' equity attributable to parent, including:(26,286)(28,475)(27,619)(26,543)(25,079)
Additional paid in capital53,66053,66053,66053,66053,660
Accumulated deficit(80,843)(83,032)(82,176)(81,100)(79,636)
Other undisclosed stockholders' equity attributable to parent897897897897897
Total stockholders' equity:(26,286)(28,475)(27,619)(26,543)(25,079)
Other undisclosed liabilities and equity28,48427,29825,72024,23322,832
TOTAL LIABILITIES AND EQUITY:50,80856,04947,88547,00445,461

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
85,34782,67175,99968,77974,611
Cost of revenue
(Cost of Goods and Services Sold)
(62,910)(65,595)(60,896)(56,976)(61,328)
Gross profit:22,43717,07615,10311,80313,283
Operating expenses(16,354)(13,011)(12,150)(9,796)(11,392)
Other operating income, net
(Other Expenses)
   82 
Other undisclosed operating income (loss)  255(1,812)360
Operating income:6,0834,0653,2082772,251
Nonoperating income
(Other Nonoperating income)
7561312  
Interest and debt expense   (2,362)(2,158)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,870)(3,356)(2,809)2,022(762)
Income (loss) from continuing operations before income taxes:3,969722411(63)(669)
Income tax expense(105)    
Net income (loss) attributable to parent:3,864722411(63)(669)
Preferred stock dividends and other adjustments(1,675)(1,578)(1,487)(1,401)(1,320)
Net income (loss) available to common stockholders, diluted:2,189(856)(1,076)(1,464)(1,989)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):3,864722411(63)(669)
Comprehensive income (loss), net of tax, attributable to parent:3,864722411(63)(669)

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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