Inrad Optics, Inc. (INRD) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8011,1309511,186800973674
Cash and cash equivalents1,8011,1309511,186800973674
Receivables1,2888241,2331,2961,0341,2051,345
Inventory, net of allowances, customer advances and progress billings2,5253,2062,8343,0163,1962,7402,995
Inventory2,5253,2062,8343,0163,1962,7402,995
Other current assets260215141181128144143
Total current assets:5,8745,3755,1595,6795,1585,0625,158
Noncurrent Assets
Inventory, Noncurrent562562562562564614554
Operating lease, right-of-use asset126415689
Property, plant and equipment6836276816277138771,129
Intangible assets, net (including goodwill)   3270151202
Intangible assets, net (excluding goodwill)   3270151202
Other noncurrent assets27484532373032
Total noncurrent assets:1,3981,6531,9761,2541,3841,6731,917
TOTAL ASSETS:7,2727,0287,1356,9326,5436,7357,075
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5557189788351,2171,0751,035
Accrued liabilities13125224197213192152
Employee-related liabilities12 133114121124148
Other undisclosed accounts payable and accrued liabilities530593621524883759735
Deferred revenue576857768
Debt16162891312108171
Customer advances and deposits870599368
Contract with customer, liability773
Other undisclosed current liabilities142305     
Total current liabilities:1,2891,8952,0361,6212,0991,7821,574
Noncurrent Liabilities
Long-term debt and lease obligation1601,278582245258271379
Long-term debt, excluding current maturities1581,134167245258271379
Operating lease, liability3144415
Liabilities, other than long-term debt2,5002,5002,5002,5002,5002,5002,500
Due to related parties2,5002,5002,5002,5002,5002,5002,500
Total noncurrent liabilities:2,6603,7783,0822,7452,7582,7712,879
Total liabilities:3,9495,6735,1184,3664,8574,5534,453
Stockholders' equity
Stockholders' equity attributable to parent3,3231,3552,0172,5671,6852,1822,622
Common stock140138137136135132127
Treasury stock, value(15)(15)(15)(15)(15)(15)(15)
Additional paid in capital19,73419,51619,28119,05618,88218,70018,539
Accumulated deficit(16,536)(18,285)(17,386)(16,610)(17,317)(16,634)(16,029)
Other undisclosed stockholders' equity (0)     
Total stockholders' equity:3,3231,3552,0172,5671,6852,1822,622
TOTAL LIABILITIES AND EQUITY:7,2727,0287,1356,9326,5436,7357,075

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11,3539,00810,00811,4899,8599,76710,492
Revenue, net9,8599,76710,492
Cost of revenue(7,874)(7,218)(8,015)(8,388)(7,937)(7,812)(8,258)
Cost of goods and services sold(7,874)(7,218)(8,015)(8,388)(7,937)(7,812)(8,258)
Gross profit:3,4781,7891,9933,1011,9231,9542,235
Operating expenses(2,544)(2,538)(2,614)(2,274)(2,417)(2,451)(2,543)
Other undisclosed operating income   40   
Operating income (loss):934(748)(622)867(494)(496)(308)
Nonoperating income (expense)815(150)(154)(161)(188)(109)(170)
Other undisclosed income from continuing operations before equity method investments, income taxes 0     
Net income (loss) available to common stockholders, diluted:1,749(899)(776)707(683)(605)(479)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,749(899)(776)707(683)(605)(479)
Comprehensive income (loss), net of tax, attributable to parent:1,749(899)(776)707(683)(605)(479)

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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