Inrad Optics Inc (INRD) financial statements (2021 and earlier)

Company profile

Business Address 181 LEGRAND AVE
NORTHVALE, NJ 07647
State of Incorp. NJ
Fiscal Year End December 31
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9511,1868009736741,0032,451
Cash and cash equivalents9511,1868009736741,0032,451
Receivables1,2331,2961,0341,2051,3451,1271,237
Inventory, net of allowances, customer advances and progress billings2,8343,0163,1962,7402,9952,6873,130
Inventory2,8343,0163,1962,7402,9952,6873,130
Other current assets141181128144143143145
Total current assets:5,1595,6795,1585,0625,1584,9596,963
Noncurrent Assets
Inventory, Noncurrent562562564614554554475
Operating lease, right-of-use asset689
Property, plant and equipment6816277138771,1291,5681,707
Intangible assets, net (including goodwill) 3270151202280670
Goodwill      312
Intangible assets, net (excluding goodwill) 3270151202280359
Other noncurrent assets45323730323533
Total noncurrent assets:1,9761,2541,3841,6731,9172,4372,885
TOTAL ASSETS:7,1356,9326,5436,7357,0757,3969,848
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9788351,2171,0751,0351,018968
Accounts payable     580 
Accrued liabilities224197213192152135 
Employee-related liabilities133114121124148268 
Other undisclosed accounts payable and accrued liabilities62152488375973535968
Deferred revenue768
Debt2891312108171164157
Customer advances and deposits870599368170
Contract with customer, liability773
Other undisclosed current liabilities      147
Total current liabilities:2,0361,6212,0991,7821,5741,3521,271
Noncurrent Liabilities
Long-term debt and lease obligation582245258271379549713
Long-term debt, excluding current maturities167245258271379549713
Operating lease, liability415
Liabilities, other than long-term debt2,5002,5002,5002,5002,5002,500 
Due to related parties2,5002,5002,5002,5002,5002,500 
Other undisclosed noncurrent liabilities      2,500
Total noncurrent liabilities:3,0822,7452,7582,7712,8793,0493,213
Total liabilities:5,1184,3664,8574,5534,4534,4014,484
Stockholders' equity
Stockholders' equity attributable to parent2,0172,5671,6852,1822,6222,9965,364
Common stock137136135132127124121
Treasury stock, value(15)(15)(15)(15)(15)(15)(15)
Additional paid in capital19,28119,05618,88218,70018,53918,43718,294
Accumulated deficit(17,386)(16,610)(17,317)(16,634)(16,029)(15,550)(13,036)
Total stockholders' equity:2,0172,5671,6852,1822,6222,9965,364
TOTAL LIABILITIES AND EQUITY:7,1356,9326,5436,7357,0757,3969,848

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues10,00811,4899,8599,76710,4929,72611,236
Revenue, net9,8599,76710,4929,72611,236
Cost of revenue
(Cost of Goods and Services Sold)
(8,015)(8,388)(7,937)(7,812)(8,258)(8,796)(9,409)
Gross profit:1,9933,1011,9231,9542,2359301,827
Operating expenses(2,614)(2,274)(2,417)(2,451)(2,543)(3,556)(3,532)
Other undisclosed operating income 40   130207
Operating income (loss):(622)867(494)(496)(308)(2,496)(1,497)
Nonoperating expense(154)(161)(188)(109)(170)(19)(153)
Net income (loss) available to common stockholders, diluted:(776)707(683)(605)(479)(2,515)(1,650)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(776)707(683)(605)(479)(2,515)(1,650)
Comprehensive income (loss), net of tax, attributable to parent:(776)707(683)(605)(479)(2,515)(1,650)

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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