Nortech systems inc (NSYS)
Balance Sheet / TTM
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'11Dec'10
ASSETS
Cash

730

351

160

399

310

480

397

437

466

473

530

190

205

268

61

13

740

0

12

68

47

66

203

-

336

0

482

-

18

-

-

0

0

-

0

1,417

230

Restricted Cash

244

309

1,794

406

427

467

236

234

325

306

541

346

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Receivable, less allowances of $325 and $335

20,226

18,558

20,135

20,691

23,092

20,093

18,979

19,309

18,179

17,417

18,312

17,099

17,300

17,320

17,688

18,101

16,192

18,431

19,193

16,656

16,410

17,367

15,606

15,161

15,409

16,030

15,082

15,475

14,046

13,607

15,493

15,642

15,964

16,720

17,638

17,486

15,562

Inventories

15,363

14,279

16,941

16,273

15,984

17,004

15,236

13,969

13,037

18,527

21,068

21,594

21,675

20,653

21,742

21,520

21,246

20,185

20,262

20,605

19,517

18,528

20,416

19,390

18,794

17,427

18,648

18,776

19,117

17,664

17,686

18,893

19,016

19,029

21,396

21,525

16,108

Contract Assets

6,774

7,659

7,211

7,228

8,584

6,431

7,076

6,547

6,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid Expenses and Other Current Assets

2,119

2,128

2,019

1,776

2,133

1,381

1,380

1,259

984

1,044

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid Expenses

-

-

-

-

-

-

-

-

-

-

1,044

1,023

1,156

1,048

1,129

1,228

1,276

1,452

1,224

1,308

968

816

974

711

800

634

902

623

677

561

811

718

677

572

761

732

596

Income Taxes Receivable

-

-

-

-

-

-

-

-

-

-

323

409

-

198

509

446

288

302

995

842

603

465

400

247

86

140

200

90

20

-

46

-

-

170

151

242

376

Deferred Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

416

436

436

-

683

683

683

683

642

853

851

857

855

978

891

805

625

621

594

Total Current Assets

45,456

43,284

48,260

46,773

50,530

45,856

43,304

41,755

39,142

37,767

41,820

40,664

40,337

39,489

41,130

41,310

39,744

40,372

42,104

39,917

37,983

37,244

38,283

36,193

36,110

34,915

35,957

35,818

34,731

32,691

34,892

36,232

36,548

37,297

40,572

42,024

33,467

Property and Equipment, Net

9,338

9,581

9,710

9,512

9,886

10,178

10,097

10,110

10,096

10,176

10,104

9,504

9,728

10,330

10,571

10,808

10,770

10,507

10,789

11,042

11,252

10,888

11,033

10,873

11,015

11,037

11,126

11,239

11,223

11,566

9,143

9,178

9,095

9,083

8,834

8,992

7,157

Operating Lease Assets

4,637

4,827

5,018

5,202

5,388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

2,375

2,375

2,375

2,375

2,375

2,375

2,375

2,375

2,375

2,375

3,283

3,283

3,283

3,283

3,283

3,283

3,283

3,283

3,283

-

-

75

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Intangible Assets, Net

1,297

1,343

1,397

1,439

1,469

1,523

1,578

1,633

1,687

1,739

1,779

1,855

1,911

1,861

1,909

1,957

2,004

-

2,100

-

-

-

-

-

-

-

-

-

43

-

46

47

48

61

96

131

202

Other Intangible Assets, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,052

-

-

-

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Taxes

-

-

-

-

-

-

-

-

-

-

528

543

543

543

307

307

341

341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

287

-

-

-

-

-

-

-

-

-

-

-

-

3

1

219

Other Non Current Assets

-

-

19

28

28

28

27

28

30

28

7

7

7

7

7

7

7

7

7

114

115

7

118

119

121

122

123

125

138

257

339

339

339

339

514

514

514

Total Assets

63,103

61,410

66,779

65,329

69,676

59,960

57,381

55,901

53,330

52,085

57,524

55,858

55,811

55,516

57,210

57,674

56,152

56,565

58,285

51,074

49,351

48,537

49,435

47,187

47,246

46,075

47,208

47,183

46,137

44,514

44,421

45,797

46,032

46,782

50,020

51,663

41,560

Current Liabilities
Line of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,625

7,234

7,983

8,674

6,999

7,923

7,875

8,268

7,280

9,345

9,263

12,297

5,615

Current Maturities of Long-Term Debt

444

444

444

878

586

780

871

1,014

1,007

1,003

990

1,064

1,571

1,565

1,559

1,508

1,454

1,495

1,399

857

782

732

737

681

681

632

564

563

564

453

438

370

477

1,310

2,127

2,694

841

Current Portion of Finance Lease Obligation

611

557

476

364

359

337

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current Portion of Finance Lease Obligations

-

-

-

-

-

-

350

346

325

295

169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current Portion of Operating Lease Obligations

825

858

841

826

811

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Payable

16,369

14,014

18,384

16,845

21,140

18,142

16,887

15,676

12,056

11,699

14,801

15,316

15,330

13,825

14,875

14,164

12,197

13,041

14,296

11,016

8,823

9,008

9,346

9,534

8,632

8,185

8,459

8,473

9,221

9,051

8,427

10,073

11,710

11,333

13,721

11,508

10,727

Accrued Payroll and Commissions

2,800

3,493

2,626

3,118

2,136

2,747

2,526

3,275

2,321

2,900

2,429

3,295

2,354

3,311

2,544

3,196

3,709

3,139

3,433

2,542

2,881

2,896

3,282

2,220

2,671

2,595

3,225

2,832

2,770

1,965

2,596

2,399

2,929

2,170

2,726

3,382

2,584

Other Accrued Liabilities

2,738

2,866

2,845

2,793

3,112

2,886

2,475

2,340

2,735

2,148

2,541

1,706

1,544

1,603

1,718

1,753

1,662

1,987

2,863

818

781

732

938

737

753

718

706

669

642

676

979

981

1,129

852

916

649

634

Income Taxes Payable

-

-

-

-

-

-

-

-

-

-

6

44

26

-

-

54

-20

7

-

-

-

-

-

-

-

-

-

-

-

60

-

57

8

-

-

-

-

Total Current Liabilities

23,787

22,232

25,616

24,824

28,144

24,892

23,109

22,651

18,444

18,045

20,938

21,427

20,827

20,305

20,697

20,678

19,003

19,671

21,993

15,234

13,269

13,369

14,305

13,174

20,364

19,366

20,938

21,213

20,199

20,131

20,317

22,152

23,536

25,012

28,755

30,532

20,403

Long-Term Liabilities
Long Term Line of Credit

10,255

10,088

12,430

12,297

11,294

9,264

8,058

7,142

8,649

8,503

8,481

6,642

8,050

7,315

8,213

8,539

8,223

7,691

6,896

8,471

8,942

7,998

7,831

7,166

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-Term Debt, Net

3,069

3,179

3,295

-

-

3,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-Term Debt, Net

-

-

-

3,401

3,513

-

3,735

3,843

4,150

4,353

4,611

4,903

3,997

4,891

5,239

5,461

5,673

5,954

6,101

4,819

4,206

4,072

4,144

4,065

4,289

4,246

4,148

4,060

4,316

2,865

2,860

2,510

1,519

812

836

908

1,731

Long Term Finance Lease Obligation, Net

1,537

1,451

1,168

776

864

951

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-Term Finance Lease Obligation, Net

-

-

-

-

-

-

1,037

1,105

1,160

1,222

802

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-Term Operating Lease Obligation, Net

4,252

4,366

4,517

4,666

4,813

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

185

149

149

-

333

333

282

282

183

226

156

227

241

249

223

271

-

-

-

Other Long-Term Liabilities

112

118

118

118

118

139

159

151

145

137

356

594

639

689

861

860

916

975

961

132

145

268

197

163

281

244

246

213

185

155

142

131

125

180

160

145

137

Total Long-Term Liabilities

19,225

19,202

21,528

21,258

20,602

13,978

12,989

12,241

14,104

14,215

14,252

12,140

12,687

12,896

14,314

14,861

14,812

14,621

14,145

13,571

13,443

12,339

12,506

11,729

4,852

4,773

4,577

4,500

4,657

3,248

3,244

2,890

1,867

1,264

997

1,054

1,868

Total Liabilities

43,012

41,434

47,144

46,082

48,746

38,870

36,098

34,892

32,548

32,260

35,190

33,568

33,515

33,201

35,011

35,539

33,816

34,293

36,139

28,806

26,712

25,708

26,812

24,903

25,217

24,139

25,516

25,714

24,857

23,379

23,561

25,043

25,404

26,276

29,752

31,586

22,272

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders' Equity
Preferred Stock, $1 par value; 1,000,000 Shares Authorized: 250,000 Shares Issued and Outstanding

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

250

Common Stock - $0.01 par value; 9,000,000 Shares Authorized: 2,657,530 and 2,657,530 Shares Issued and Outstanding, respectively

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

27

Additional Paid-In Capital

15,787

15,748

15,713

15,682

15,757

15,610

15,612

15,619

15,654

15,760

15,755

15,755

15,746

15,746

15,746

15,746

15,767

15,766

15,764

15,762

15,754

15,751

15,760

15,753

15,745

15,738

15,735

15,730

15,729

15,725

15,725

15,725

15,725

15,725

15,722

15,714

15,698

Accumulated Other Comprehensive Loss

-318

-257

-289

-233

-177

-233

-238

-155

-29

-101

-47

-47

-47

-44

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

-62

Retained Earnings

4,345

4,208

3,934

3,521

5,073

5,436

5,632

5,268

4,880

3,889

6,348

6,304

6,320

6,335

6,237

6,174

6,354

6,291

6,167

6,291

6,669

6,862

6,648

6,315

6,068

5,982

5,741

5,523

5,336

5,195

4,919

4,814

4,688

4,565

4,331

4,148

3,375

Total Shareholders' Equity

20,091

19,976

19,635

19,247

20,930

21,090

21,283

21,009

20,782

19,825

22,333

22,290

22,296

22,314

22,198

22,135

22,335

22,271

22,146

22,268

22,639

22,828

22,623

22,283

22,029

21,935

21,691

21,469

21,280

21,135

20,859

20,754

20,628

20,505

20,267

-

19,288

Total Shareholders' Equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,076

-

Total Liabilities and Shareholders' Equity

63,103

61,410

66,779

65,329

69,676

59,960

57,381

55,901

53,330

52,085

57,524

55,858

55,811

55,516

57,210

57,674

56,152

56,565

58,285

51,074

49,351

48,537

49,435

47,187

47,246

46,075

47,208

47,183

46,137

44,514

44,421

45,797

46,032

46,782

50,020

51,663

41,560