Addvantage technologies group inc (AEY)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Sep'10
Assets
Cash and cash equivalents

4,156

608

1,242

2,672

1,371

2,779

3,129

2,141

886

414

3,972

3,744

3,885

4,103

4,508

5,143

4,969

6,711

6,110

4,638

4,824

6,529

5,286

3,989

4,545

7,744

8,476

8,228

7,538

7,346

5,191

3,167

2,113

12,238

10,943

12,031

8,739

Restricted cash

104

296

351

260

106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $250,000 and $150,000, respectively

4,893

4,777

4,826

5,481

6,727

5,010

2,578

5,078

5,238

5,299

5,567

6,024

5,320

5,200

4,278

5,839

5,650

3,968

4,286

5,799

6,401

5,079

6,393

3,828

4,418

2,951

2,390

2,607

3,391

3,170

3,050

3,153

3,348

3,116

4,244

3,283

4,905

Unbilled revenue

1,660

2,679

2,691

2,272

1,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivable

-

-

-

753

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,413

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note – current

1,400

1,400

1,400

1,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

34

36

21

174

108

116

178

197

242

244

247

101

367

361

480

-

175

13

0

7

-

-

220

553

644

110

258

-

24

-

409

86

221

102

349

242

203

Inventories, net of allowance for excess and obsolete inventory of $3,400,000 and $1,275,000, respectively

5,406

8,161

7,625

9,094

19,404

18,572

7,462

20,045

22,339

22,406

22,333

22,660

22,118

21,823

21,524

21,667

21,757

22,991

23,600

24,497

24,784

23,119

22,780

23,728

22,943

23,006

18,011

21,428

21,538

21,632

22,666

23,852

24,719

24,074

25,777

26,739

27,410

Prepaid expenses

1,124

650

543

793

772

386

253

274

404

233

298

332

428

267

323

241

354

115

153

153

255

127

174

187

167

117

106

146

220

83

129

124

196

101

177

231

92

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,824

1,740

1,774

-

1,581

1,457

1,390

1,416

1,257

1,146

1,166

1,066

-

-

-

920

-

-

-

-

-

-

Other assets

163

77

262

171

258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

380

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current assetss of discontinued operations

-

-

-

-

-

-

16,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

13

-

3,267

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,003

919

959

-

-

18

331

403

516

678

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,122

1,049

1,092

1,059

1,314

1,423

Total current assets

18,943

18,687

18,965

23,074

30,164

26,865

30,528

27,736

29,111

28,599

32,418

32,863

32,118

31,755

31,116

34,715

34,647

35,575

34,151

36,677

37,722

36,246

36,271

34,970

34,259

35,095

33,578

33,413

33,632

33,190

32,367

31,506

31,646

40,726

42,551

43,842

42,774

Property and equipment, at cost:
Land and buildings

-

-

-

-

1,006

2,208

-

7,211

7,211

7,211

7,218

7,218

7,218

7,218

7,218

7,218

7,218

7,218

7,218

7,264

7,222

7,212

7,208

7,208

7,208

8,794

7,208

8,840

8,794

8,794

8,794

8,794

8,797

8,708

8,683

7,208

7,208

Machinery and equipment

3,422

2,575

2,475

2,419

5,259

3,882

1,084

3,792

3,982

3,961

3,995

4,017

3,981

3,921

3,833

3,713

3,696

3,551

3,415

3,394

3,373

3,374

3,244

3,306

3,594

3,126

2,991

3,036

2,977

2,946

2,953

2,958

2,919

2,917

2,856

3,023

3,203

Leasehold improvements

483

1,014

190

190

190

200

190

200

200

200

202

202

202

202

151

151

151

151

151

145

141

135

206

129

156

9

9

9

9

9

9

205

205

205

205

205

205

Total property and equipment, at cost

3,906

3,589

2,666

2,610

6,456

6,292

1,275

11,204

11,393

11,373

11,416

11,438

11,402

11,341

11,203

11,083

11,066

10,922

10,785

10,805

10,736

10,722

10,659

10,644

10,959

11,930

10,209

11,887

11,781

11,750

11,757

11,958

11,922

11,831

11,746

10,438

10,618

Less: Accumulated depreciation

1,126

993

835

813

3,992

4,324

773

5,522

5,550

5,467

5,395

5,320

5,210

5,096

4,993

4,883

4,774

4,679

4,584

4,491

4,390

4,290

4,191

4,090

4,423

4,049

3,831

3,899

3,817

3,737

3,666

3,658

3,569

3,480

3,392

3,455

3,393

Net property and equipment

2,779

2,596

1,831

1,796

2,464

1,967

501

5,682

5,843

5,906

6,020

6,117

6,191

6,244

6,210

6,200

6,292

6,242

6,201

6,314

6,346

6,432

6,467

6,554

6,535

7,880

6,378

7,988

7,963

8,012

8,091

8,300

8,353

8,350

8,353

6,983

7,224

Right-of-use operating lease assets

5,178

4,261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note – noncurrent

4,390

4,390

4,975

4,975

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in and loans to equity method investee

-

-

-

-

-

12

49

89

100

140

98

288

361

-

2,588

-

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangibles, net of accumulated amortization

1,584

5,738

6,002

6,275

6,548

6,577

6,844

7,607

7,920

8,234

8,547

8,860

9,174

9,502

4,973

5,180

5,386

5,593

5,799

6,005

6,212

6,418

6,625

7,905

9,197

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

57

4,877

4,877

4,836

4,836

4,820

4,820

4,820

5,970

5,970

5,970

5,970

6,031

6,031

3,910

3,910

3,910

3,910

3,910

3,910

3,910

3,910

3,910

3,004

2,070

1,560

1,150

1,560

1,560

1,560

1,560

1,560

1,560

1,560

1,560

1,560

1,560

Deferred income taxes, net of valuation allowance

-

-

-

-

-

-

-

1,731

1,438

1,308

1,653

1,490

1,358

1,337

1,333

-

-

-

1,490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

180

205

176

210

217

683

125

134

135

135

138

136

136

136

135

135

135

134

134

131

131

131

131

131

131

11

11

11

11

11

13

13

13

19

19

11

23

Assets of discontinued operations

-

-

-

-

-

-

1,524

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets of discontinued operations held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,997

-

-

-

-

-

-

-

-

-

-

Assets of discontinued operations held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,512

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,571

-

1,571

1,571

1,571

1,573

1,573

1,591

1,910

1,982

2,087

2,261

Total assets

33,114

40,756

36,828

41,169

44,231

40,926

44,394

47,801

50,519

50,293

54,847

55,727

55,371

56,626

50,268

51,658

50,653

51,455

51,687

53,039

54,322

53,139

53,405

52,566

53,706

44,548

43,116

42,972

43,167

42,775

42,032

41,380

41,592

50,987

52,887

52,913

52,260

Current liabilities:
Accounts payable

4,375

4,188

4,730

6,856

6,612

3,876

3,300

2,665

4,375

3,478

3,392

3,350

2,816

2,621

1,857

2,483

2,055

1,870

1,784

2,755

4,482

2,543

2,880

3,229

4,619

2,906

1,138

1,620

2,030

1,699

1,437

1,364

2,050

1,377

2,675

3,249

2,751

Accrued expenses

1,363

1,478

1,617

1,644

1,596

1,277

711

1,346

996

1,163

1,406

1,590

1,130

1,218

1,324

1,352

979

1,003

1,358

1,660

1,742

1,576

1,809

1,008

1,035

588

878

850

881

681

1,030

865

889

689

1,240

987

1,340

Deferred revenue

260

290

97

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank line of credit

3,500

1,700

-

750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

0

0

122

-

44

104

-

-

-

-

-

-

-

107

-

-

-

-

-

-

-

Note payable – current

1,244

-

-

-

750

-

1,996

2,976

2,853

1,519

4,189

6,828

2,193

2,178

899

896

888

880

873

866

859

852

845

943

835

184

184

184

184

184

184

184

184

1,814

1,814

1,814

1,814

Operating lease obligations – current

1,219

1,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing lease obligations – current

317

316

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred gain – current portion

-

-

-

-

194

138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

757

748

739

643

664

657

650

643

664

660

656

1,626

963

952

941

992

982

971

960

993

983

973

959

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities of discontinued operations

-

-

-

-

-

-

2,392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

13

-

226

-

-

-

-

-

-

-

-

-

-

Total current liabilities

12,279

9,060

7,203

9,999

9,893

5,935

9,065

7,645

8,876

6,805

9,653

12,430

6,798

7,643

5,045

5,737

4,865

4,748

5,121

6,253

8,089

6,070

6,519

6,159

7,463

3,679

2,427

2,655

3,096

2,672

2,651

2,414

3,124

3,880

5,730

6,050

5,905

Deferred gain, less current portion

-

-

-

-

1,701

1,233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

2,213

-

-

-

-

-

-

0

0

1,708

2,094

0

5,179

5,734

3,466

3,690

3,917

4,142

4,366

4,587

4,805

5,024

5,240

5,436

5,596

1,272

1,318

1,364

1,410

1,456

1,502

1,548

1,594

9,790

10,244

10,697

12,058

Operating lease obligations

4,174

3,333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing lease obligations

708

590

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

314

296

286

-

252

175

178

267

236

185

240

193

140

109

77

62

53

-

-

-

-

-

Other liabilities

14

30

177

203

228

165

801

792

784

775

1,401

1,358

1,406

1,392

131

120

114

1,085

1,064

1,042

1,020

1,978

1,942

1,968

1,925

-

-

-

-

-

-

-

-

857

957

928

1,252

Total liabilities

19,390

13,014

7,381

10,203

11,823

7,335

9,867

8,438

9,660

9,289

13,149

13,789

13,383

14,770

8,643

9,862

9,193

10,262

10,552

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders’ equity:
Common stock, $.01 par value; 30,000,000 shares authorized; 10,971,950 and 10,861,950 shares issued, respectively; 10,471,292 and 10,361,292 shares outstanding, respectively

109

108

108

108

108

108

108

108

108

107

107

106

106

106

106

106

106

105

105

105

105

105

105

105

105

104

104

104

104

104

104

104

104

104

104

104

103

Paid in capital

3,722

4,363

4,377

4,419

-4,462

-4,495

4,598

-

-

-

-4,746

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Paid in capital

-

-

-

-

-

-

-

-4,608

-4,619

-4,734

-

-4,764

-4,782

-4,903

-4,916

-4,938

-4,958

-5,078

-5,112

-5,131

-5,167

-5,277

-5,312

-5,364

-5,491

-5,564

-5,578

-5,602

-5,627

-5,724

-5,748

-5,779

-5,811

-5,883

-5,884

-5,886

-6,070

Retained earnings

18,336

32,997

34,715

36,277

37,762

38,978

40,017

44,864

46,370

46,630

47,337

47,596

47,663

47,652

47,435

47,627

47,310

47,165

47,141

46,930

46,293

46,059

45,643

45,024

44,921

45,816

45,650

45,309

45,074

44,778

43,980

43,559

43,100

43,176

42,730

42,000

40,193

Unrealized loss on interest rate swap, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-532

-587

-575

-776

Total shareholders’ equity before treasury stock

14,723

28,742

30,446

31,966

33,408

34,591

35,527

40,363

41,859

42,003

42,698

42,938

42,988

42,855

42,625

42,795

42,459

42,192

42,134

41,904

41,231

40,887

40,435

39,765

39,536

40,356

40,176

39,812

39,551

39,158

38,336

37,884

37,393

36,864

36,362

35,642

33,449

Less: Treasury stock, 500,658 shares, at cost

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

588

520

520

520

406

406

406

406

Total shareholders’ equity

13,723

27,742

29,446

30,966

32,408

33,591

34,527

39,363

40,859

41,003

41,698

41,938

41,988

41,855

41,625

41,795

41,459

41,192

41,134

40,904

40,231

39,887

39,435

38,765

38,536

39,356

39,176

38,812

38,551

38,569

37,816

37,364

36,873

36,458

35,956

35,236

33,043

Total liabilities and shareholders’ equity

33,114

40,756

36,828

41,169

44,231

40,926

44,394

47,801

50,519

50,293

54,847

55,727

55,371

56,626

50,268

51,658

50,653

51,455

51,687

53,039

54,322

53,139

53,405

52,566

53,706

44,548

43,116

42,972

43,167

42,775

42,032

41,380

41,592

50,987

52,887

52,913

52,260