Saker Aviation Services Inc (SKAS) financial statements (2021 and earlier)
Company profile
Business Address |
20 SOUTH STREET NEW YORK, NY 10004 |
State of Incorp. | NV |
Fiscal Year End | December 31 |
SIC | 4581 - Airports, Flying Fields, and Airport Terminal Services (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 investments | 3,597 | 2,839 | 1,725 | 2,192 | 415 | 531 | 146 | ||
Cash and cash equivalents | 3,597 | 2,839 | 1,725 | 2,192 | 415 | 531 | 146 | ||
Receivables | 867 | 1,118 | 2,209 | 1,744 | 2,821 | 2,050 | 1,743 | ||
Inventory, net of allowances, customer advances and progress billings | 181 | 171 | 163 | 113 | 68 | 299 | 339 | ||
Inventory | 181 | 171 | 163 | 113 | 68 | 299 | 339 | ||
Assets held-for-sale, not part of disposal group | 270 | ✕ | ✕ | ||||||
Other undisclosed current assets | 295 | 566 | 532 | 438 | 354 | 525 | 999 | ||
Total current assets: | 5,210 | 4,694 | 4,628 | 4,487 | 3,658 | 3,405 | 3,227 | ||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 495 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 323 | 388 | 670 | 1,074 | 1,497 | 2,087 | 2,445 | ||
Long-term investments and receivables | 200 | 200 | 76 | ||||||
Accounts and financing receivable, after allowance for credit loss | 200 | 200 | 76 | ||||||
Intangible assets, net (including goodwill) | 750 | 750 | 750 | 785 | 565 | 673 | 1,440 | ||
Goodwill | 750 | 750 | 750 | 750 | 530 | 530 | 1,080 | ||
Intangible assets, net (excluding goodwill) | 35 | 35 | 143 | 360 | |||||
Deposits noncurrent assets | 3 | 3 | 47 | 97 | 150 | 179 | 180 | ||
Deferred income tax assets | 476 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Deferred tax assets, net | ✕ | 507 | 454 | 323 | 173 | 363 | |||
Other undisclosed noncurrent assets | 0 | ||||||||
Total noncurrent assets: | 2,047 | 1,648 | 1,921 | 2,480 | 2,585 | 3,301 | 4,142 | ||
TOTAL ASSETS: | 7,257 | 6,341 | 6,549 | 6,967 | 6,243 | 6,706 | 7,369 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,090 | 637 | 788 | 1,204 | 1,272 | 1,502 | 1,425 | ||
Accounts payable | 397 | 348 | 495 | 842 | 683 | 996 | 870 | ||
Accrued liabilities | 320 | 289 | 292 | 361 | 589 | 505 | 555 | ||
Interest and dividends payable | 373 | ||||||||
Deferred revenue | 130 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Debt | 61 | 58 | 345 | 345 | 272 | 922 | 1,368 | ||
Customer advances and deposits | ✕ | ✕ | 127 | 127 | 126 | 135 | ✕ | ||
Contract with customer, liability | ✕ | 127 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other undisclosed current liabilities | 132 | ||||||||
Total current liabilities: | 1,281 | 821 | 1,259 | 1,675 | 1,671 | 2,559 | 2,925 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 400 | 173 | 113 | 458 | 653 | 957 | 1,284 | ||
Long-term debt, excluding current maturities | 173 | 113 | 458 | 653 | 957 | 1,284 | |||
Operating lease, liability | 400 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liabilities, other than long-term debt | 140 | ||||||||
Deferred tax liabilities, net | ✕ | 140 | |||||||
Total noncurrent liabilities: | 400 | 173 | 113 | 458 | 653 | 957 | 1,424 | ||
Total liabilities: | 1,681 | 995 | 1,372 | 2,133 | 2,323 | 3,516 | 4,349 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent | 5,576 | 5,347 | 5,177 | 4,834 | 3,919 | 3,190 | 3,020 | ||
Common stock | 31 | 30 | 32 | 33 | 33 | 33 | 33 | ||
Additional paid in capital | 19,819 | 19,757 | 19,897 | 20,030 | 19,996 | 19,962 | 19,926 | ||
Accumulated deficit | (14,273) | (14,441) | (14,752) | (15,230) | (16,110) | (16,805) | (16,939) | ||
Other undisclosed stockholders' equity | 0 | ||||||||
Total stockholders' equity: | 5,576 | 5,347 | 5,177 | 4,834 | 3,919 | 3,190 | 3,020 | ||
TOTAL LIABILITIES AND EQUITY: | 7,257 | 6,341 | 6,549 | 6,967 | 6,243 | 6,706 | 7,369 |
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 11,568 | 11,118 | 12,016 | 14,691 | 15,974 | 18,288 | 14,762 | |
Revenue, net | ✕ | ✕ | 12,016 | 14,691 | 15,974 | 18,288 | 14,762 | |
Cost of revenue (Cost of Goods and Services Sold) | (5,851) | (6,067) | (5,612) | (6,592) | (7,263) | (10,069) | (8,111) | |
Other undisclosed gross profit | 0 | |||||||
Gross profit: | 5,717 | 5,052 | 6,404 | 8,099 | 8,712 | 8,219 | 6,651 | |
Operating expenses | (4,669) | (4,560) | (5,311) | (6,304) | (6,669) | (8,410) | (6,344) | |
Other undisclosed operating income | 1,317 | 739 | ||||||
Operating income: | 1,048 | 492 | 1,093 | 1,795 | 2,043 | 1,126 | 1,046 | |
Nonoperating income (expense) | 19 | 16 | (32) | (27) | (124) | (802) | (218) | |
Investment income, nonoperating | 27 | 33 | 7 | 18 | ||||
Other nonoperating income (expense) | 0 | (10) | (99) | (33) | (115) | |||
Interest and debt expense | (8) | (17) | (21) | (27) | (25) | (86) | (121) | |
Income from continuing operations before equity method investments, income taxes: | 1,059 | 491 | 1,040 | 1,740 | 1,894 | 238 | 706 | |
Other undisclosed income from continuing operations before income taxes | 8 | 17 | 21 | 27 | 25 | 86 | 121 | |
Income from continuing operations before income taxes: | 1,067 | 509 | 1,062 | 1,767 | 1,919 | 324 | 828 | |
Income tax expense | (399) | (197) | (584) | (887) | (1,032) | (190) | (463) | |
Income from continuing operations: | 668 | 312 | 478 | 880 | 887 | 134 | 365 | |
Loss from discontinued operations | (109) | |||||||
Net income: | 668 | 312 | 478 | 880 | 778 | 134 | 365 | |
Other undisclosed net loss attributable to parent | (83) | (2,188) | ||||||
Net income (loss) available to common stockholders, diluted: | 668 | 312 | 478 | 880 | 695 | 134 | (1,823) |
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: | 668 | 312 | 478 | 880 | 778 | 134 | 365 | |
Comprehensive income, net of tax, attributable to parent: | 668 | 312 | 478 | 880 | 778 | 134 | 365 |
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.