Universal Security Instruments, Inc. (UUU) financial statements (2021 and earlier)

Company profile

Business Address 11407 CRONHILL DRIVE, SUITES A-D
OWINGS MILLS, MD 21117-3586
State of Incorp. MD
Fiscal Year End March 31
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)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments177374128262363492,051
Cash and cash equivalents177374128262363492,051
Receivables3294654742481407071,029
Inventory, net of allowances, customer advances and progress billings6,5646,8525,4924,7003,8833,8524,194
Inventory6,5646,8525,4924,7003,8833,8524,194
Prepaid expense146145278492410439406
Other undisclosed current assets1,8012,5502,4112,0091,7901,7131,261
Total current assets:9,01710,3878,7837,7126,5866,7618,940
Noncurrent Assets
Property, plant and equipment38620364672105146
Long-term investments and receivables7,0048,44210,02310,56311,78012,94314,144
Long-term investments7,0048,44210,02310,56311,78012,94314,144
Intangible assets, net (including goodwill)50545863677276
Intangible assets, net (excluding goodwill)50545863677276
Other noncurrent assets444462638
Total noncurrent assets:7,4458,52010,12110,67611,92413,14514,404
TOTAL ASSETS:16,46218,90718,90418,38718,51019,90623,345
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities631749545609664738684
Accounts payable415616494526587669606
Employee-related liabilities2171325183766978
Debt1,5001,8521,6112,264314  
Due to related parties5,6164,9623,8391,207 300 
Other undisclosed current liabilities236471156761,144111101
Total current liabilities:7,9848,0336,1514,1552,1221,149786
Noncurrent Liabilities
Long-term debt and lease obligation212     25
Long-term debt, excluding current maturities      25
Operating lease, liability212
Total noncurrent liabilities:212     25
Total liabilities:8,1958,0336,1514,1552,1221,149811
Stockholders' equity
Stockholders' equity attributable to parent8,26610,87412,75314,23216,38818,75722,534
Common stock23232323232323
Additional paid in capital12,88612,88612,88612,88612,88612,88612,886
Accumulated other comprehensive income3266121,1433601,0281,2601,190
Retained earnings (accumulated deficit)(4,968)(2,647)(1,299)9632,4514,5888,435
Total stockholders' equity:8,26610,87412,75314,23216,38818,75722,534
TOTAL LIABILITIES AND EQUITY:16,46218,90718,90418,38718,51019,90623,345

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues15,71317,58814,87314,08313,7419,89212,577
Revenue, net14,87314,08313,7419,89212,577
Cost of revenue
(Cost of Goods and Services Sold)
  (462)(316)(267)(355)(382)
Other undisclosed gross profit(10,812)(12,034)(9,867)(9,619)(9,694)(7,208)(9,354)
Gross profit:4,9015,5544,5444,1493,7792,3282,841
Operating expenses(5,532)(5,367)(5,270)(5,127)(5,146)(4,957)(4,848)
Other undisclosed operating income     44
Operating income (loss):(631)187(726)(978)(1,366)(2,624)(2,003)
Nonoperating expense
(Other Nonoperating expense)
  (213)(63)(30)  
Interest and debt expense(524)(485)     
Other undisclosed income from continuing operations before equity method investments, income taxes     2323
Loss from continuing operations before equity method investments, income taxes:(1,155)(298)(939)(1,041)(1,396)(2,601)(1,979)
Loss from equity method investments(1,437)(1,050)(1,323)(1,018)(742)(1,129)(160)
Loss from continuing operations before income taxes:(2,592)(1,348)(2,262)(2,059)(2,138)(3,730)(2,139)
Income tax expense (benefit)     25(2,311)
Net loss available to common stockholders, diluted:(2,592)(1,348)(2,262)(2,059)(2,138)(3,705)(4,450)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net loss:(2,592)(1,348)(2,262)(2,059)(2,138)(3,705)(4,450)
Comprehensive loss:(2,592)(1,348)(2,262)(2,059)(2,138)(3,705)(4,450)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(169)(531)783(735)(231)70(186)
Comprehensive loss, net of tax, attributable to parent:(2,762)(1,879)(1,479)(2,793)(2,369)(3,635)(4,637)

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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