Surge Components Inc (SPRS) financial statements (2021 and earlier)

Company profile

Business Address 95 EAST JEFRYN BLVD
DEER PARK, NY 11729
State of Incorp. NY
Fiscal Year End November 30
SIC 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3882,7391,7621,0877,1217,1696,175
Cash and cash equivalents4,3882,7391,7621,0877,1217,1696,175
Receivables6,4555,1305,9975,9335,5594,6944,434
Inventory, net of allowances, customer advances and progress billings3,4113,5933,3893,1622,9303,1993,258
Inventory3,4113,5933,3893,1622,9303,1993,258
Prepaid expense534      
Other undisclosed current assets 48720486450381529
Total current assets:14,78811,94911,16810,66816,05915,44314,396
Noncurrent Assets
Operating lease, right-of-use asset1,636 
Property, plant and equipment1021211161388210585
Intangible assets, net (including goodwill)(2,344)      
Intangible assets, net (excluding goodwill)(2,344)      
Deferred income tax assets1,308 
Other noncurrent assets23231313131312
Other undisclosed noncurrent assets2,3441,186983655610749888
Total noncurrent assets:3,0691,3291,112807705867984
TOTAL ASSETS:17,85613,27812,28011,47516,76416,31015,380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,1244,4325,5326,1895,2144,3634,934
Accounts payable3,8813,3444,4204,6303,2383,2623,289
Accrued liabilities 5816039371,545572785
Employee-related liabilities677507509622431529557
Taxes payable566      
Interest and dividends payable      303
Debt8 76   
Other undisclosed current liabilities2348 500  (303)
Total current liabilities:5,3664,4405,5396,6965,2144,3634,631
Noncurrent Liabilities
Long-term debt and lease obligation1,888 2633   
Long-term debt, excluding current maturities450      
Finance lease, liability9 
Capital lease obligations2633   
Operating lease, liability1,430 
Liabilities, other than long-term debt 132635404241
Deferred revenue and credits35404241
Deferred rent credit 1326
Other undisclosed noncurrent liabilities(1,430)17     
Total noncurrent liabilities:1,888305167404241
Total liabilities:7,2544,4705,5906,7635,2544,4054,671
Stockholders' equity
Stockholders' equity attributable to parent, including:10,6028,8086,6904,71311,51011,90510,709
Common stock555510109
Treasury stock, value    (48)  
Additional paid in capital16,94916,66616,57816,55723,70223,53023,192
Accumulated deficit(6,352)(7,863)(9,893)(11,850)(12,202)(11,635)(12,493)
Other undisclosed stockholders' equity attributable to parent00004800
Total stockholders' equity:10,6028,8086,6904,71311,51011,90510,709
TOTAL LIABILITIES AND EQUITY:17,85613,27812,28011,47516,76416,31015,380

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

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Revenues31,71732,49232,37229,77529,55629,73431,138
Revenue, net29,77529,55629,73431,138
Cost of revenue(3)(5)(7)(22,265)(22,094)(22,301)(20,553)
Cost of goods and services sold(22,963)(23,243)(24,089)(22,265)(22,094)(22,301)(20,553)
Other undisclosed gross profit(22,959)(23,238)(24,082)   (3,909)
Gross profit:8,7549,2488,2837,5107,4637,4346,676
Operating expenses(7,270)(7,307)(6,768)(7,175)(7,937)(6,336)(5,963)
Operating income (loss):1,4851,9411,515336(475)1,097713
Nonoperating income (expense)20(2)588(19)995
Investment income, nonoperating   3995
Interest and debt expense(2)(3)(16)(22)   
Income (loss) from continuing operations before equity method investments, income taxes:1,5031,9362,087294(466)1,106718
Other undisclosed income from continuing operations before income taxes231622   
Income (loss) from continuing operations before income taxes:1,5051,9392,103317(466)1,106718
Income tax expense (benefit)1296(141)41(97)(241)(279)
Net income (loss) attributable to parent:1,5162,0351,962357(562)865439
Preferred stock dividends and other adjustments(5)(5)(5)(5)(5)(7)(12)
Net income (loss) available to common stockholders, diluted:1,5112,0301,957352(567)858427

Comprehensive Income ($ in thousands)

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Net income (loss):1,5162,0351,962357(562)865439
Comprehensive income (loss), net of tax, attributable to parent:1,5162,0351,962357(562)865439

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: