Polar Power, Inc. (POLA) financial statements (2020 and earlier)

Company profile

Business Address 249 E. GARDENA BOULEVARD
GARDENA, CA 90248
State of Incorp. DE
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5,64014,201
Cash and cash equivalents 5,64014,201
Receivables 8,4433,688
Inventory, net of allowances, customer advances and progress billings 8,4725,487
Inventory 8,4725,487
Prepaid expense 469237
Total current assets: 23,02323,612
Noncurrent Assets
Property, plant and equipment 2,123824
Other undisclosed noncurrent assets 9487
Total noncurrent assets: 2,217912
TOTAL ASSETS: 25,24024,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,066758
Accounts payable 1,066758
Debt 283110
Customer advances and deposits40
Other undisclosed current liabilities 584586
Total current liabilities: 1,9341,494
Noncurrent Liabilities
Long-term debt and lease obligation 925127
Long-term debt, excluding current maturities 925127
Total noncurrent liabilities: 925127
Total liabilities: 2,8581,621
Stockholders' equity
Stockholders' equity attributable to parent 22,38222,903
Common stock 11
Additional paid in capital 19,57819,251
Retained earnings 2,8033,651
Total stockholders' equity: 22,38222,903
TOTAL LIABILITIES AND EQUITY: 25,24024,524

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

9/30/2019
TTM
12/31/2018
12/31/2017
Revenues 24,04614,419
Revenue, net14,419
Cost of revenue (16,615)(9,658)
Cost of goods and services sold  (9,658)
Gross profit: 7,4324,761
Operating expenses (8,531)(5,563)
Operating loss: (1,099)(802)
Nonoperating income 3645
Investment income, nonoperating 56 
Interest and debt expense (20)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes 2018
Loss from continuing operations before income taxes: (1,063)(757)
Income tax benefit 215 
Net loss available to common stockholders, diluted: (848)(757)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
Net loss: (848)(757)
Comprehensive loss, net of tax, attributable to parent: (848)(757)

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: