Schmitt industries inc (SMIT)
Balance Sheet / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11
ASSETS
Current assets
Cash and cash equivalents

10,544

12,105

1,592

1,467

1,168

1,299

1,742

2,053

1,985

586

529

867

481

543

1,002

988

1,135

1,263

1,491

1,795

1,652

1,707

1,730

1,510

1,885

2,115

1,959

1,909

2,339

2,662

3,068

2,776

2,730

2,320

2,674

2,760

Restricted cash

420

420

54

0

56

56

58

58

61

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

645

395

2,004

631

2,078

2,184

1,871

2,047

2,086

2,150

2,086

2,344

2,274

1,825

1,916

2,099

1,984

2,541

2,604

2,660

2,453

2,540

2,321

2,235

2,155

2,180

2,153

1,980

2,098

2,107

2,410

2,493

1,878

2,340

1,973

1,831

Inventories

1,057

1,077

5,019

1,241

5,751

6,077

6,134

5,710

5,449

4,792

4,544

4,204

4,342

4,465

4,625

4,727

4,774

4,640

4,776

4,557

4,716

4,793

4,809

4,789

4,539

4,665

4,792

5,054

4,744

4,422

3,952

3,975

4,425

4,151

4,465

4,146

Prepaid expenses

91

47

155

101

193

136

119

148

149

105

129

115

175

146

110

132

131

136

146

153

165

110

130

152

141

131

162

219

156

138

170

186

124

135

151

166

Current assets held for sale

0

0

-

5,192

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

0

4

-

-

0

0

3

7

4

1

6

8

1

1

2

1

1

1

2

1

17

21

48

48

14

23

6

7

17

9

5

-

Total current assets

12,758

14,045

8,826

8,633

9,248

9,758

9,927

10,018

9,732

7,635

7,293

7,539

7,279

6,982

7,661

7,956

8,027

8,583

9,022

9,168

8,989

9,153

8,993

8,689

8,739

9,114

9,116

9,211

9,353

9,354

9,609

9,440

9,176

8,957

9,269

8,905

Land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299

299

299

-

299

299

299

299

299

299

299

299

Buildings and improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,805

1,805

1,805

-

1,805

1,805

1,723

1,723

1,723

1,716

1,698

1,582

Furniture, fixtures and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,313

1,313

1,312

-

1,288

1,279

1,274

1,247

1,240

1,239

1,203

1,199

Vehicles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

121

121

-

121

121

121

121

121

121

113

129

Property, plant and equipment, gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,505

3,540

3,539

-

3,514

3,506

3,418

3,391

3,384

3,376

3,314

3,210

Less accumulated depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,328

2,311

2,258

-

2,150

2,098

2,044

2,019

1,966

1,911

1,891

1,876

Property and equipment, net

659

657

817

753

863

734

754

770

793

819

846

865

887

952

981

965

995

1,026

1,073

1,110

1,099

1,128

1,159

1,191

1,177

1,228

1,280

1,334

1,364

1,408

1,374

1,372

1,418

1,464

1,423

1,334

Other assets
Intangible assets, net

313

339

366

392

418

444

470

496

522

549

575

601

629

657

684

712

740

768

796

824

852

880

909

943

977

1,010

1,044

1,078

1,111

1,145

1,179

1,213

1,247

1,281

1,315

1,349

Noncurrent assets held for sale

0

0

-

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

-

-

102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL ASSETS

13,731

15,043

10,112

9,865

10,530

10,938

11,152

11,286

11,049

9,004

8,714

9,006

8,795

8,591

9,327

9,634

9,764

10,378

10,892

11,103

10,942

11,162

11,062

10,824

10,894

11,353

11,441

11,624

11,830

11,908

12,163

12,025

11,841

11,703

12,008

11,589

LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable

277

226

505

102

977

1,159

1,008

1,024

842

1,201

1,055

1,101

816

486

710

877

642

592

724

834

602

674

614

512

525

547

524

918

703

591

718

770

572

734

1,088

841

Accrued commissions

54

41

173

71

194

191

219

194

197

266

303

300

299

253

328

273

284

344

367

284

242

269

223

204

242

203

213

273

310

310

403

335

298

324

293

308

Accrued payroll liabilities

51

22

171

112

192

186

167

188

282

229

217

360

128

96

138

148

129

141

132

140

134

121

125

127

108

100

103

131

139

220

166

142

226

177

147

116

Customer deposits and prepayments

104

103

197

78

-

-

-

249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

620

699

127

128

437

269

364

109

383

318

288

267

252

306

307

331

275

382

342

355

601

554

451

366

279

319

307

286

316

224

228

286

301

156

153

163

Income taxes payable

62

69

14

0

0

0

4

3

3

-

-

0

-

-

-

-

-

-

3

-

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Current portion of long-term liabilities

0

0

21

20

21

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities held for sale

0

0

-

849

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of operating lease liabilities

-

-

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400

400

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

Total current liabilities

1,172

1,161

1,244

1,363

1,823

1,806

1,763

1,770

1,710

2,016

1,864

2,028

1,496

1,143

1,484

1,630

1,332

1,460

1,570

1,615

1,580

1,619

1,415

1,211

1,156

1,570

1,549

1,609

1,469

1,346

1,517

1,534

1,399

1,393

1,682

1,431

Long-term liabilities

0

0

23

28

35

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

7

7

-

-

-

-

Long-term operating lease liabilities

-

-

70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

1,172

1,161

1,337

1,392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies (Note 4)

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

Stockholders' equity
Common stock, no par value, 20,000,000 shares authorized, 3,783,485 shares issued and outstanding at February 29, 2020 and 4,032,878 shares issued and outstanding at May 31, 2019

12,247

13,438

13,317

13,245

13,156

13,094

13,091

13,085

13,077

10,690

10,670

10,649

10,588

10,584

10,578

10,569

10,559

10,549

10,533

10,511

10,488

10,465

10,448

10,438

10,411

10,394

10,390

10,369

10,346

10,324

10,302

10,279

10,207

10,083

9,994

9,943

Accumulated other comprehensive loss

0

0

-467

-527

-509

-462

-456

-536

-479

-427

-442

-427

-478

-458

-439

-394

-421

-376

-360

-366

-378

-342

-291

-263

-269

-279

-328

-331

-328

-303

-301

-313

-276

-271

-245

-226

Retained earnings (accumulated deficit)

311

443

-4,074

-4,244

-3,975

-3,500

-3,245

-3,033

-3,259

-3,275

-3,378

-3,244

-2,810

-2,679

-2,296

-2,170

-1,705

-1,254

-850

-655

-748

-580

-510

-562

-404

-332

-169

-22

341

532

637

517

511

498

577

439

Total stockholders' equity

12,559

13,881

8,775

8,472

8,670

9,131

9,389

9,515

9,338

6,987

6,849

6,977

7,298

7,447

7,843

8,004

8,432

8,918

9,322

9,488

9,361

9,542

9,646

9,613

9,737

9,783

9,892

10,015

10,360

10,553

10,637

10,483

10,442

10,310

10,325

10,157

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

13,731

15,043

10,112

9,865

10,530

10,938

11,152

11,286

11,049

9,004

8,714

9,006

8,795

8,591

9,327

9,634

9,764

10,378

10,892

11,103

10,942

11,162

11,062

10,824

10,894

11,353

11,441

11,624

11,830

11,908

12,163

12,025

11,841

11,703

12,008

11,589