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)

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7391,7621,0877,1217,1696,1754,288
Cash and cash equivalents2,7391,7621,0877,1217,1696,1754,288
Receivables5,1305,9975,9335,5594,6944,4344,963
Inventory, net of allowances, customer advances and progress billings3,5933,3893,1622,9303,1993,2583,673
Inventory3,5933,3893,1622,9303,1993,2583,673
Other undisclosed current assets48720486450381529606
Total current assets:11,94911,16810,66816,05915,44314,39613,530
Noncurrent Assets
Property, plant and equipment121116138821058575
Other noncurrent assets23131313131212
Other undisclosed noncurrent assets1,1869836556107498881,092
Total noncurrent assets:1,3291,1128077058679841,179
TOTAL ASSETS:13,27812,28011,47516,76416,31015,38014,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,4325,5326,1895,2144,3634,9344,045
Accounts payable3,3444,4204,6303,2383,2623,2893,330
Accrued liabilities5816039371,545572785715
Employee-related liabilities507509622431529557 
Interest and dividends payable     303 
Debt 76    
Other undisclosed current liabilities8 500  (303)386
Total current liabilities:4,4405,5396,6965,2144,3634,6314,430
Noncurrent Liabilities
Long-term debt and lease obligation 2633    
Capital lease obligations2633    
Liabilities, other than long-term debt13263540424136
Deferred revenue and credits3540424136
Deferred rent credit1326
Other undisclosed noncurrent liabilities17      
Total noncurrent liabilities:30516740424136
Total liabilities:4,4705,5906,7635,2544,4054,6714,466
Stockholders' equity
Stockholders' equity attributable to parent, including:8,8086,6904,71311,51011,90510,70910,243
Common stock555101099
Treasury stock, value   (48)   
Additional paid in capital16,66616,57816,55723,70223,53023,19223,153
Accumulated deficit(7,863)(9,893)(11,850)(12,202)(11,635)(12,493)(12,919)
Other undisclosed stockholders' equity attributable to parent00048000
Total stockholders' equity:8,8086,6904,71311,51011,90510,70910,243
TOTAL LIABILITIES AND EQUITY:13,27812,28011,47516,76416,31015,38014,709

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

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Revenues32,49232,37229,77529,55629,73431,13828,261
Revenue, net29,77529,55629,73431,13828,261
Cost of revenue(5)(7)(22,265)(22,094)(22,301)(20,553)(18,344)
Cost of goods and services sold(23,243)(24,089)(22,265)(22,094)(22,301)(20,553)(18,344)
Other undisclosed gross profit(23,238)(24,082)   (3,909)(2,956)
Gross profit:9,2488,2837,5107,4637,4346,6766,961
Operating expenses(7,307)(6,768)(7,175)(7,937)(6,336)(5,963)(5,573)
Operating income (loss):1,9411,515336(475)1,0977131,388
Nonoperating income (expense)(2)588(19)9954
Investment income, nonoperating  39954
Interest and debt expense(3)(16)(22)    
Income (loss) from continuing operations before equity method investments, income taxes:1,9362,087294(466)1,1067181,392
Other undisclosed income from continuing operations before income taxes31622    
Income (loss) from continuing operations before income taxes:1,9392,103317(466)1,1067181,392
Income tax expense (benefit)96(141)41(97)(241)(279)(147)
Net income (loss) attributable to parent:2,0351,962357(562)8654391,245
Preferred stock dividends and other adjustments(5)(5)(5)(5)(7)(12)(12)
Net income (loss) available to common stockholders, diluted:2,0301,957352(567)8584271,233

Comprehensive Income ($ in thousands)

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
11/30/2013
Net income (loss):2,0351,962357(562)8654391,245
Comprehensive income (loss), net of tax, attributable to parent:2,0351,962357(562)8654391,245

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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