Air industries group (AIRI)
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'12Dec'11
ASSETS
Current Assets
Cash and Cash Equivalents

1,494

1,294

333

1,357

442

2,012

917

405

1,415

630

408

426

1,043

1,304

1,297

759

369

529

791

1,214

2,458

1,418

1,568

1,169

687

561

771

955

966

490

577

Accounts Receivable, Net of Allowance for Doubtful Accounts of $1,128,000 and $859,000

8,623

7,858

6,427

7,805

8,241

6,522

6,713

9,863

6,749

5,464

10,039

9,906

7,486

6,073

9,935

11,333

9,811

13,662

13,966

11,749

12,484

11,916

8,806

9,474

12,909

8,584

10,548

9,009

9,509

11,631

6,042

Inventory

29,808

28,646

30,352

30,163

28,687

29,051

30,949

39,045

30,887

31,141

39,242

39,589

38,132

32,568

43,026

40,532

40,657

36,923

38,932

33,283

31,498

28,651

30,686

29,268

26,816

26,222

28,135

28,247

27,464

26,739

22,521

Deferred Tax Asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,394

2,356

338

1,545

1,358

1,437

858

1,310

1,220

1,114

185

1,625

-

-

0

-

Deferred Tax Asset, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,725

-

-

-

1,421

-

-

-

1,051

-

-

-

0

-

Prepaid Expenses and Other Current Assets

453

447

568

542

529

414

190

414

349

214

550

431

659

299

1,328

1,405

1,444

1,048

823

761

543

831

209

465

422

510

186

357

420

546

330

Income Tax Receivable

1,416

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid Taxes

-

-

6

8

8

49

49

49

49

49

21

49

231

409

-

-

-

535

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets Held for Sale

-

-

-

-

-

-

12,341

-

10,412

10,082

0

0

0

21,297

0

0

1,675

1,700

-

-

-

0

-

-

-

-

-

-

-

-

-

Deposits - Vendors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

16

3

133

2

Total Current Assets

41,794

38,245

37,686

39,875

37,907

38,048

51,159

49,776

49,861

47,580

50,260

50,401

47,551

61,950

55,586

56,423

56,312

56,122

56,057

48,365

48,420

44,237

42,579

41,596

41,948

36,928

39,648

38,584

38,362

39,539

29,472

Property and Equipment, Net

7,130

7,578

8,132

8,400

8,226

8,777

8,638

9,996

9,529

10,050

10,773

11,112

11,580

11,197

16,238

17,029

15,264

15,299

15,967

14,494

14,693

9,557

5,743

6,095

6,158

6,523

5,652

5,129

5,526

5,883

3,971

Operating Lease Right-Of-Use-Asset

3,501

3,623

3,741

3,857

3,969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized Engineering Costs - Net of Accumulated Amortization of $0 and $5,380,000, respectively

-

-

-

-

-

-

2,095

2,193

2,207

2,188

2,073

1,942

1,791

1,627

1,391

1,222

1,133

1,027

939

911

785

712

693

666

692

752

801

813

807

802

969

Deferred Financing Costs, Net, Deposits and Other Assets

1,463

1,481

1,029

1,024

1,031

768

848

1,165

737

665

2,152

1,355

1,372

1,088

1,136

1,159

963

1,094

1,205

1,153

1,223

869

680

630

638

605

591

560

676

590

671

Intangible Assets, Net

-

-

-

-

-

-

-

0

-

-

1,124

1,173

1,450

471

2,893

3,213

3,532

3,852

4,192

3,899

4,206

4,513

3,854

4,144

4,435

4,726

5,017

5,308

5,598

5,889

1,607

Deferred Tax Asset, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,178

487

398

-

1,484

1,038

1,089

-

947

762

230

-

-

-

-

-

-

Goodwill

163

163

163

163

163

163

272

272

272

272

9,883

9,883

9,883

6,467

10,518

10,518

10,518

10,518

9,324

8,719

7,397

5,434

4,620

4,514

453

453

453

453

453

453

291

TOTAL ASSETS

54,051

51,090

50,751

53,319

51,296

47,756

63,012

63,402

62,606

60,755

76,265

75,866

73,627

82,800

91,940

90,051

88,120

88,250

89,168

78,579

77,813

66,180

59,116

58,407

54,554

50,172

53,787

50,847

51,422

53,156

36,981

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Notes Payable and Finance Lease Obligations - Current Portion

2,255

3,139

17,899

20,200

19,341

16,793

23,575

25,432

24,339

23,131

23,190

28,374

26,496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes Payable - Related Party - Current Portion

5,923

6,862

3,981

3,657

2,552

2,552

472

1,242

1,542

262

500

3,576

1,846

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes Payable and Capitalized Lease Obligations - Current Portion

-

-

-

-

-

-

-

-

-

-

-

-

-

32,913

34,106

35,572

40,865

40,895

39,401

34,676

23,831

19,508

16,315

11,840

17,735

14,969

19,626

16,746

17,675

19,211

14,055

Notes Payable Related Party Current Portion

-

-

-

-

-

-

-

-

-

-

-

-

-

1,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Payable and Accrued Expenses

9,389

8,105

9,291

9,527

8,553

8,723

10,070

12,858

10,750

10,872

12,212

15,017

15,333

14,150

14,375

12,805

12,994

12,046

13,327

8,132

8,827

6,948

6,280

7,780

7,560

6,855

7,222

7,412

7,291

7,077

7,432

Operating Lease Liabilities - Current Portion

722

697

672

648

624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease Impairment - Current Portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

25

40

56

60

64

68

71

75

78

82

85

85

Deferred Gain on Sale - Current Portion

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

38

Deferred Revenue

1,004

1,011

895

898

896

881

865

929

938

931

1,226

703

722

946

1,070

1,245

1,310

958

893

453

-

418

-

-

-

-

-

-

-

-

-

Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary - Current Portion

200

200

200

200

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities Directly Associated with Assets Held for Sale

-

-

-

-

-

-

3,327

-

2,797

2,795

0

0

0

4,235

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

190

-

174

174

254

-

-

-

-

-

-

Customer Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251

-

-

-

0

-

Dividends Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,134

1,134

1,125

1,066

0

1,064

880

717

716

358

358

0

-

Income Taxes Payable

15

27

20

-

-

20

20

20

20

20

20

20

20

20

34

22

24

14

0

0

105

71

382

1,770

2,112

1,496

1,199

2,400

1,941

1,448

41

Total Current Liabilities

19,546

20,079

32,996

35,168

32,204

29,007

38,367

40,519

40,424

38,049

37,186

47,728

44,455

53,388

49,623

49,682

55,231

53,951

54,805

44,458

34,156

28,105

23,249

22,730

28,647

24,397

28,876

27,032

27,385

27,859

21,651

Long Term Liabilities
Notes Payable and Finance Lease Obligations - Net of Current Portion

16,732

15,949

267

423

318

3,438

3,579

1,237

1,533

1,798

5,270

2,332

2,644

2,971

8,493

5,261

3,917

3,917

3,785

2,768

10,598

8,213

3,191

3,388

3,219

2,527

2,661

3,382

3,469

4,640

8,992

Notes Payable - Related Party - Net of Current Portion

-

-

1,817

2,080

2,430

2,283

2,388

1,783

1,616

1,650

1,763

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease Liabilities - Net of Current Portion

4,043

4,235

4,420

4,595

4,772

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease Impairment - Net of Current Portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

4

4

12

25

40

56

72

89

108

127

175

Notes Payable Related Party Net of Current Portion

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Gain on Sale - Net of Current Portion

209

219

228

238

247

257

266

276

285

295

304

314

323

333

342

352

361

371

381

390

399

409

418

428

437

447

456

466

475

485

523

Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary - Net of Current Portion

338

402

462

521

521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Rent

-

-

-

-

-

1,165

1,173

1,325

1,189

1,197

1,316

1,305

1,294

1,218

1,216

1,212

1,209

1,206

1,202

1,194

1,185

1,177

1,189

1,170

1,151

1,132

1,113

1,094

1,076

1,057

974

TOTAL LIABILITIES

40,868

40,884

40,190

43,025

40,492

36,150

45,773

45,140

45,047

42,989

45,839

51,679

48,716

57,910

59,674

56,507

60,718

59,445

60,177

48,814

46,342

37,908

28,059

27,741

33,494

28,559

33,178

32,063

32,513

34,168

32,315

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

-

0

0

-

-

-

0

-

-

-

-

-

Stockholders' Equity
Preferred Stock, par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both March 31, 2020 and December 31, 2019.

-

-

-

-

-

-

0

0

0

-

1

1

1

1

1

1

0

0

-

-

0

0

0

0

0

0

0

0

0

0

0

Designated as Series "B" Convertible Preferred - $.001 Par Value, 4,000,000 Shares Authorized, 0 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively; Liquidation Value, $ 0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Designated as Series "B" Convertible Preferred -$.001 Par Value, 4,000,000 Shares Authorized, 0 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively; Liquidation Value, $ 0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Common Stock - Par Value $.001 - Authorized 60,000,000 Shares, 30,531,949 and 29,478,338 Shares Issued and Outstanding as of March 31, 2020 and December 31, 2019, respectively

30

29

28

29

28

28

26

26

26

25

14

7

7

7

7

7

7

7

7

7

7

7

7

7

6

6

6

6

6

6

4

Additional Paid-In Capital

79,352

77,434

76,527

76,446

76,222

76,101

73,594

73,050

72,534

71,272

67,397

58,286

57,038

55,862

51,644

50,575

44,182

44,155

43,669

44,780

45,885

42,790

44,905

44,894

35,905

36,799

36,495

37,203

37,555

37,913

26,141

Accumulated Deficit

-66,199

-67,257

-65,994

-66,181

-65,446

-64,523

-56,381

-54,814

-55,001

-53,531

-36,986

-34,107

-32,135

-30,980

-19,386

-17,039

-16,787

-15,357

-14,685

-15,022

-14,421

-14,525

-13,855

-14,235

-14,851

-15,192

-15,892

-18,425

-18,652

-18,931

-21,479

TOTAL STOCKHOLDERS' EQUITY

13,183

10,206

10,561

10,294

10,804

11,606

17,239

18,262

17,559

17,766

30,426

24,187

24,911

24,890

32,266

33,544

27,402

28,805

28,991

29,765

31,471

28,272

31,057

30,666

21,060

21,613

20,609

18,784

18,909

18,988

4,666

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

54,051

51,090

50,751

53,319

51,296

47,756

63,012

63,402

62,606

60,755

76,265

75,866

73,627

82,800

91,940

90,051

88,120

88,250

89,168

78,579

77,813

66,180

59,116

58,407

54,554

50,172

53,787

50,847

51,422

53,156

36,981