Air Industries Group (AIRI) financial statements (2022 and earlier)

Company profile

Business Address 1460 FIFTH AVENUE
BAY SHORE, NY 11706
State of Incorp. NV
Fiscal Year End December 31
SIC 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6272,5051,2942,012630
Cash and cash equivalents6272,5051,2942,012630
Receivables11,0679,7628,7177,0465,958
Inventory, net of allowances, customer advances and progress billings29,53232,12028,64629,05131,141
Inventory29,53232,12028,64629,05131,141
Prepaid expense2215 4949
Assets held-for-sale, not part of disposal group    10,082
Other undisclosed current assets(368)(791)(412)(110)(280)
Total current assets:40,88043,61138,24538,04847,580
Noncurrent Assets
Operating lease, right-of-use asset3,018  
Property, plant and equipment8,4049,5817,5788,77710,050
Intangible assets, net (including goodwill)163163438163272
Goodwill163163163163272
Intangible assets, net (excluding goodwill)  275  
Deferred costs9609121,481768665
Other undisclosed noncurrent assets 3,5103,348 2,188
Total noncurrent assets:12,54514,16612,8459,70813,175
TOTAL ASSETS:53,42557,77751,09047,75660,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,7238,6828,1058,72310,872
Accounts payable5,4607,2406,5766,7828,634
Accrued liabilities4113371,5291,9412,238
Employee-related liabilities852663   
Taxes payable  272020
Other undisclosed accounts payable and accrued liabilities 442(27)(20)(20)
Debt14,11216,47516,379 23,131
Deferred compensation liability 314   
Due to related parties 4006,8622,552262
Disposal group, including discontinued operation59    
Other undisclosed current liabilities2,5081,4561,27617,7323,784
Total current liabilities:23,40227,32732,62229,00738,049
Noncurrent Liabilities
Long-term debt and lease obligation3,2413,9274,235  
Operating lease, liability3,2413,9274,235
Liabilities, other than long-term debt6,412  2,2831,650
Due to related parties6,412  2,2831,650
Other undisclosed noncurrent liabilities2,9817,4874,0274,8603,290
Total noncurrent liabilities:12,63415,3418,2627,1434,940
Total liabilities:36,03642,66840,88436,15042,989
Stockholders' equity
Stockholders' equity attributable to parent17,38915,10910,20611,60617,766
Common stock3232292825
Additional paid in capital81,89181,23877,43476,10171,272
Accumulated deficit(64,534)(66,161)(67,257)(64,523)(53,531)
Total stockholders' equity:17,38915,10910,20611,60617,766
TOTAL LIABILITIES AND EQUITY:53,42557,77751,09047,75660,755

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues58,93950,09754,57346,30949,869
Revenue, net49,869
Cost of revenue(48,686)(43,585)(45,431)(40,895)(45,002)
Gross profit:10,2536,5129,1425,4144,867
Operating expenses(7,766)(7,951)(8,539)(8,839) 
Other undisclosed operating loss  (275)(2,538)(17,625)
Operating income (loss):2,487(1,439)328(5,963)(12,758)
Nonoperating income (expense)405430672278(22)
Investment income, nonoperating   1,430 
Other nonoperating expense    (22)
Interest and debt expense(460)(526) (212)(112)
Income (loss) from continuing operations before equity method investments, income taxes:2,432(1,535)1,000(5,897)(12,892)
Other undisclosed income (loss) from continuing operations before income taxes(805)1,449(3,561)(3,709) 
Income (loss) from continuing operations before income taxes:1,627(86)(2,561)(9,606)(12,892)
Income tax expense (benefit) 1,412(37)(3)197
Income (loss) from continuing operations:1,6271,326(2,598)(9,609)(12,695)
Loss from discontinued operations (230)(134)(1,383)(6,678)
Net income (loss):1,6271,096(2,732)(10,992)(19,373)
Other undisclosed net loss attributable to parent    (3,178)
Net income (loss) attributable to parent:1,6271,096(2,732)(10,992)(22,551)
Other undisclosed net income available to common stockholders, basic322878   
Net income (loss) available to common stockholders, basic:1,9491,974(2,732)(10,992)(22,551)
Interest on convertible debt322499   
Net income (loss) available to common stockholders, diluted:2,2712,473(2,732)(10,992)(22,551)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,6271,096(2,732)(10,992)(19,373)
Comprehensive income (loss), net of tax, attributable to parent:1,6271,096(2,732)(10,992)(19,373)

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: