Inrad Optics, Inc.: 10-Q filed 2021-08-13

Name: Inrad Optics, Inc.: 10-Q filed 2021-08-13
Creator: Inrad Optics, Inc.
License: https://creativecommons.org/licenses/by/4.0/

What Inrad Optics, Inc. reported in its quarterly report filed 2021-08-13 (fiscal Q2 2021): 36 published measures, 102 facts as tagged in accession 0001104659-21-104556.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-08-13
Fiscal period: fiscal Q2 2021
Accession: 0001104659-21-104556 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All Inrad Optics, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2021-06-30	7,159,329	USD
At 2020-12-31	7,028,091	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2021-06-30	4,117,285	USD
At 2020-12-31	5,673,380	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2021-06-30	3,042,044	USD
At 2021-03-31	2,524,348	USD
At 2020-12-31	1,354,711	USD
At 2020-06-30	1,899,066	USD
At 2020-03-31	1,720,759	USD
At 2019-12-31	2,017,266	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2021-06-30	1,494,346	USD
At 2020-12-31	1,129,703	USD
At 2020-06-30	2,021,383	USD
At 2019-12-31	950,705	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	374,716	USD	91
2021-01-01 to 2021-06-30	1,515,050	USD	181
2021-01-01 to 2021-03-31	1,140,334	USD	90
2020-04-01 to 2020-06-30	25,795	USD	91
2020-01-01 to 2020-06-30	-298,692	USD	182
2020-01-01 to 2020-03-31	-324,487	USD	91

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	378,679	USD	181
2020-01-01 to 2020-06-30	204,160	USD	182

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	14,036	USD	181
2020-01-01 to 2020-06-30	100,081	USD	182

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	2,881,751	USD	91
2021-01-01 to 2021-06-30	5,661,299	USD	181
2020-04-01 to 2020-06-30	2,523,990	USD	91
2020-01-01 to 2020-06-30	4,574,485	USD	182

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	0	USD	181
2020-01-01 to 2020-06-30	966,599	USD	182

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-14,036	USD	181
2020-01-01 to 2020-06-30	-100,081	USD	182

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2021-06-30	-16,769,903	USD
At 2020-12-31	-18,284,953	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	13,844,050	shares	91
2021-01-01 to 2021-06-30	13,827,106	shares	181
2020-04-01 to 2020-06-30	13,745,536	shares	91
2020-01-01 to 2020-06-30	13,734,851	shares	182

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	14,128,491	shares	91
2021-01-01 to 2021-06-30	14,103,797	shares	181
2020-04-01 to 2020-06-30	14,145,909	shares	91
2020-01-01 to 2020-06-30	13,734,851	shares	182

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	0.03	USD/shares	91
2021-01-01 to 2021-06-30	0.11	USD/shares	181
2020-04-01 to 2020-06-30	0	USD/shares	91
2020-01-01 to 2020-06-30	-0.02	USD/shares	182

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	0.03	USD/shares	91
2021-01-01 to 2021-06-30	0.11	USD/shares	181
2020-04-01 to 2020-06-30	0	USD/shares	91
2020-01-01 to 2020-06-30	-0.02	USD/shares	182

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Unit	Days
2021-04-01 to 2021-06-30	USD	91
2021-01-01 to 2021-06-30	USD	181
2020-04-01 to 2020-06-30	USD	91
2020-01-01 to 2020-06-30	USD	182

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2021-06-30	576,615	USD
At 2020-12-31	627,424	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	68,934	USD	181
2020-01-01 to 2020-06-30	56,137	USD	182

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	419,059	USD	91
2021-01-01 to 2021-06-30	623,042	USD	181
2020-04-01 to 2020-06-30	63,752	USD	91
2020-01-01 to 2020-06-30	-222,472	USD	182

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2021-06-30	5,699,739	USD
At 2020-12-31	5,374,960	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2021-06-30	1,451,232	USD
At 2020-12-31	1,895,470	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2021-06-30	1,024,229	USD
At 2020-12-31	824,452	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2021-06-30	3,078,824	USD
At 2020-12-31	3,206,057	USD

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	638,691	USD	91
2021-01-01 to 2021-06-30	1,247,449	USD	181
2020-04-01 to 2020-06-30	676,046	USD	91
2020-01-01 to 2020-06-30	1,377,725	USD	182

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2021-06-30	272,645	USD
At 2020-12-31	415,377	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2021-06-30	15,205,646	USD
At 2020-12-31	15,191,610	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2021-06-30	14,629,031	USD
At 2020-12-31	14,564,186	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2021-06-30	48,421	USD
At 2020-12-31	48,421	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2021-06-30	547,056	USD
At 2020-12-31	856,802	USD

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	374,716	USD	91
2021-01-01 to 2021-06-30	1,515,050	USD	181
2020-04-01 to 2020-06-30	25,795	USD	91
2020-01-01 to 2020-06-30	-298,692	USD	182

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	64,845	USD	181
2020-01-01 to 2020-06-30	138,287	USD	182

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-44,343	USD	91
2021-01-01 to 2021-06-30	892,008	USD	181
2020-04-01 to 2020-06-30	-37,957	USD	91
2020-01-01 to 2020-06-30	-76,220	USD	182

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	83,070	USD	181
2020-01-01 to 2020-06-30	3,043	USD	182

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	0	USD	181
2020-01-01 to 2020-06-30	0	USD	182

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	120,917	USD	181
2020-01-01 to 2020-06-30	-178,382	USD	182

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-127,232	USD	181
2020-01-01 to 2020-06-30	383,589	USD	182

Inspect the source

Entity: Inrad Optics, Inc. / CIK 0000719494
Captured: 2026-09-22 19:30 UTC
SEC response SHA-256: ced3a82c2bd9ea3d95748a69b1e50cc9f1bda0e8fa66296a56500ef0d6575d50

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