Polar power, inc. (POLA)
Balance Sheet / Yearly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16
ASSETS
Current assets
Cash and cash equivalents (including restricted cash of $1,002,683 at December 31, 2018)

2,840

3,666

5,430

3,534

5,640

10,607

11,714

11,711

14,201

14,779

15,051

17,750

16,242

Accounts receivable

933

5,038

5,900

9,216

7,726

3,751

4,232

4,803

3,058

1,978

1,712

3,347

4,403

Inventories, net

13,912

14,142

12,125

10,116

8,471

7,413

6,285

5,429

5,487

5,276

5,736

5,558

4,839

Prepaid expenses

1,264

1,174

1,170

1,254

468

836

535

527

236

331

259

277

178

Refundable income taxes

-

-

-

-

-

629

629

629

-

1,257

988

-

-

Refundable income taxes

231

231

231

231

715

-

-

-

629

-

-

-

0

Total current assets

19,182

24,253

24,858

24,353

23,023

23,237

23,396

23,101

23,612

23,623

23,749

26,934

25,664

Operating lease right-of-use assets, net

2,186

2,339

2,490

2,640

-

-

-

-

-

-

-

-

-

Property and equipment, net

2,100

2,242

2,117

2,172

2,122

1,426

1,470

802

824

734

775

734

737

Deposits

94

94

94

94

94

111

114

88

87

77

66

66

66

Deferred tax assets

-

-

-

-

-

-

-

-

-

213

218

223

160

Total assets

23,563

28,928

29,561

29,261

25,240

24,775

24,980

23,993

24,524

24,648

24,809

27,959

26,629

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable

574

856

1,367

1,590

1,066

789

410

454

757

271

108

966

659

Customer deposits

197

228

244

-

79

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

368

-

202

198

106

40

70

72

168

71

Income taxes payable

-

-

-

-

-

-

-

-

-

0

0

1,661

1,227

Accrued liabilities and other current liabilities

1,031

942

1,121

935

504

683

591

613

586

557

441

601

669

Current portion of operating lease liabilities

617

589

562

542

-

-

-

-

-

-

-

-

-

Current portion of notes payable

328

329

278

278

283

196

219

102

110

109

108

107

111

Total current liabilities

2,749

2,946

3,573

3,715

1,933

1,871

1,419

1,277

1,494

1,008

731

3,505

2,739

Notes payable, net of current portion

777

858

834

880

924

621

625

107

126

154

182

209

237

Operating lease liabilities, net of current portion

1,659

1,818

1,975

2,133

-

-

-

-

-

-

-

-

-

Total liabilities

5,186

5,624

6,383

6,729

2,858

2,493

2,045

1,384

1,621

1,162

914

3,714

2,977

Commitments and Contingencies

-

-

-

-

-

-

-

-

-

0

0

0

-

Stockholders' Equity
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding

-

-

-

-

-

0

0

0

-

0

0

0

0

Common stock, $0.0001 par value, 50,000,000 shares authorized, 10,143,158 shares issued and 10,125,681 shares outstanding at December 31, 2019, and 10,143,158 issued and outstanding at December 31, 2018

1

1

1

1

1

1

1

1

1

1

1

1

1

Additional paid-in capital

19,657

19,815

19,736

19,657

19,578

19,483

19,379

19,275

19,250

19,242

19,242

19,242

19,242

Retained earnings (Accumulated deficit)

-1,242

3,488

3,440

2,873

2,802

2,798

3,555

3,332

3,650

4,242

4,652

5,001

4,408

Treasury Stock, at cost (17,477 shares)

39

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders' equity

18,376

23,304

23,177

22,531

22,382

22,282

22,935

22,608

22,902

23,485

23,895

24,244

23,651

Total liabilities and stockholders' equity

23,563

28,928

29,561

29,261

25,240

24,775

24,980

23,993

24,524

24,648

24,809

27,959

26,629