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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5819437412826236349
Cash and cash equivalents5819437412826236349
Receivables147146465474248140707
Inventory, net of allowances, customer advances and progress billings3,0405,1246,8525,4924,7003,8833,852
Inventory3,0405,1246,8525,4924,7003,8833,852
Prepaid expense179113145278492410439
Other undisclosed current assets3,3162,3002,5502,4112,0091,7901,713
Total current assets:7,2637,77710,3878,7837,7126,5866,761
Noncurrent Assets
Property, plant and equipment22534620364672105
Long-term investments and receivables  8,44210,02310,56311,78012,943
Long-term investments  8,44210,02310,56311,78012,943
Intangible assets, net (including goodwill)46495458636772
Intangible assets, net (excluding goodwill)46495458636772
Other noncurrent assets44444626
Total noncurrent assets:2754008,52010,12110,67611,92413,145
TOTAL ASSETS:7,5388,17718,90718,90418,38718,51019,906
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities728643749545609664738
Accounts payable569506616494526587669
Employee-related liabilities15913713251837669
Debt2211,7201,8521,6112,264314 
Due to related parties 2664,9623,8391,207 300
Other undisclosed current liabilities29089471156761,144111
Total current liabilities:1,2402,7188,0336,1514,1552,1221,149
Noncurrent Liabilities
Long-term debt and lease obligation44171     
Operating lease, liability44171
Liabilities, other than long-term debt1,081840     
Due to related parties1,081840     
Total noncurrent liabilities:1,1251,011     
Total liabilities:2,3653,7298,0336,1514,1552,1221,149
Stockholders' equity
Stockholders' equity attributable to parent5,1734,44810,87412,75314,23216,38818,757
Common stock23232323232323
Additional paid in capital12,88612,88612,88612,88612,88612,88612,886
Accumulated other comprehensive income  6121,1433601,0281,260
Retained earnings (accumulated deficit)(7,736)(8,461)(2,647)(1,299)9632,4514,588
Total stockholders' equity:5,1734,44810,87412,75314,23216,38818,757
TOTAL LIABILITIES AND EQUITY:7,5388,17718,90718,90418,38718,51019,906

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues16,26214,80317,58814,87314,08313,7419,892
Revenue, net14,87314,08313,7419,892
Cost of revenue
(Cost of Goods and Services Sold)
   (462)(316)(267)(355)
Other undisclosed gross profit(11,559)(11,044)(12,034)(9,867)(9,619)(9,694)(7,208)
Gross profit:4,7023,7595,5544,5444,1493,7792,328
Operating expenses(5,448)(5,321)(5,367)(5,270)(5,127)(5,146)(4,957)
Other undisclosed operating income      4
Operating income (loss):(745)(1,562)187(726)(978)(1,366)(2,624)
Nonoperating expense
(Other Nonoperating expense)
   (213)(63)(30) 
Interest and debt expense(188)(410)(485)    
Other undisclosed income from continuing operations before equity method investments, income taxes      23
Loss from continuing operations before equity method investments, income taxes:(933)(1,972)(298)(939)(1,041)(1,396)(2,601)
Loss from equity method investments(3,078)(3,842)(1,050)(1,323)(1,018)(742)(1,129)
Loss from continuing operations before income taxes:(4,012)(5,814)(1,348)(2,262)(2,059)(2,138)(3,730)
Income tax benefit      25
Net loss available to common stockholders, diluted:(4,012)(5,814)(1,348)(2,262)(2,059)(2,138)(3,705)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net loss:(4,012)(5,814)(1,348)(2,262)(2,059)(2,138)(3,705)
Other comprehensive loss (427)     
Other undisclosed comprehensive loss(427)      
Comprehensive loss:(4,439)(6,241)(1,348)(2,262)(2,059)(2,138)(3,705)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent463(185)(531)783(735)(231)70
Comprehensive loss, net of tax, attributable to parent:(3,975)(6,426)(1,879)(1,479)(2,793)(2,369)(3,635)

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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