American Power Group Corp (APGI) financial statements (2023 and earlier)
Company profile
| Business Address |
7 KIMBALL LANE LYNNFIELD, MA 01940 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| SIC | 351 - Engines And Turbines (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 211 | 67 | 126 | 1,684 | ||
| Cash and cash equivalents | 211 | 67 | 126 | 1,684 | ||
| Restricted cash and investments | 310 | 300 | 300 | |||
| Receivables | 900 | 1,516 | 1,714 | 1,612 | ||
| Inventory, net of allowances, customer advances and progress billings | 508 | 541 | 794 | 908 | ||
| Inventory | 508 | 541 | 794 | 908 | ||
| Prepaid expense | 131 | 114 | 146 | |||
| Disposal group, including discontinued operation | 67 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 199 | ||
| Other current assets | 139 | 30 | 31 | |||
| Total current assets: | 1,890 | 2,578 | 3,111 | 4,771 | ||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 3,790 | 3,739 | 832 | 930 | ||
| Long-term investments and receivables | 797 | 797 | 797 | 797 | ||
| Due from related parties | 797 | 797 | 797 | 797 | ||
| Deferred costs | 3,888 | |||||
| Other noncurrent assets | 264 | 329 | 179 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 134 | ||
| Other undisclosed noncurrent assets | 3,051 | 3,676 | (286) | 3,764 | ||
| Total noncurrent assets: | 7,904 | 8,542 | 5,410 | 5,626 | ||
| TOTAL ASSETS: | 9,793 | 11,120 | 8,521 | 10,397 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 1,988 | 1,836 | 1,916 | 2,000 | ||
| Accounts payable | 492 | 1,017 | 1,012 | 1,086 | ||
| Accrued liabilities | 1,497 | 819 | 904 | 914 | ||
| Debt | (563) | 455 | 315 | (38) | ||
| Due to related parties | 745 | 386 | 199 | |||
| Billings in excess of cost | 8 | |||||
| Other undisclosed current liabilities | 850 | 2,970 | 687 | |||
| Total current liabilities: | 3,020 | 5,646 | 2,430 | 2,657 | ||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 2,365 | 2,711 | 2,870 | 1,996 | ||
| Long-term debt, excluding current maturities | 2,153 | 2,205 | 2,364 | 1,490 | ||
| Capital lease obligations | 212 | 506 | 506 | 506 | ||
| Liabilities, other than long-term debt | 2,779 | 2,990 | 6,697 | |||
| Due to related parties | 2,741 | 2,766 | 200 | |||
| Other liabilities | 37 | 224 | 6,497 | |||
| Total noncurrent liabilities: | 5,144 | 5,700 | 9,567 | 1,996 | ||
| Total liabilities: | 8,163 | 11,347 | 11,996 | 4,653 | ||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent, including: | 1,630 | (226) | (3,475) | 5,744 | ||
| Common stock | 751 | 553 | 507 | 484 | ||
| Additional paid in capital | 74,564 | 62,497 | 58,248 | 66,571 | ||
| Accumulated deficit | (73,686) | (63,278) | (62,232) | (61,312) | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | 1 | 1 | 1 | ||
| Total stockholders' equity: | 1,630 | (226) | (3,475) | 5,744 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,793 | 11,120 | 8,521 | 10,397 | ||
Income statement (P&L) ($ in thousands)
| 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 1,863 | 2,959 | 6,288 | 7,017 | |
| Cost of revenue (Cost of Goods and Services Sold) | (3,057) | (3,126) | (4,081) | (4,291) | |
| Gross profit: | (1,195) | (167) | 2,207 | 2,726 | |
| Operating expenses | (4,086) | (4,180) | (4,183) | (4,744) | |
| Other undisclosed operating income (loss) | (13) | 147 | |||
| Operating loss: | (5,281) | (4,347) | (1,989) | (1,871) | |
| Nonoperating income (expense) | (2,279) | 4,821 | 2,027 | (239) | |
| Investment income, nonoperating | 146 | 56 | 45 | 47 | |
| Other nonoperating income (expense) | 201 | (173) | (157) | (127) | |
| Interest and debt expense | (807) | (382) | (190) | (159) | |
| Net income (loss): | (8,366) | 92 | (152) | (2,269) | |
| Other undisclosed net income attributable to parent | 807 | 382 | 190 | ||
| Net income (loss) attributable to parent: | (7,559) | 474 | 38 | (2,269) | |
| Preferred stock dividends and other adjustments | (1,126) | (958) | (883) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (2,849) | (395) | 226 | ||
| Net loss available to common stockholders, diluted: | (10,409) | (1,046) | (920) | (2,926) | |
Comprehensive Income ($ in thousands)
| 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | ||
|---|---|---|---|---|---|
| Net income (loss): | (8,366) | 92 | (152) | (2,269) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (8,366) | 92 | (152) | (2,269) | |
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.