Inrad Optics, Inc.: 10-K filed 2019-04-01

Name: Inrad Optics, Inc.: 10-K filed 2019-04-01
Creator: Inrad Optics, Inc.
License: https://creativecommons.org/licenses/by/4.0/

What Inrad Optics, Inc. reported in its annual report filed 2019-04-01 (fiscal FY 2018): 39 published measures, 80 facts as tagged in accession 0001144204-19-017270.

This filing

Form: 10-K (annual report)
Filed: 2019-04-01
Fiscal period: fiscal FY 2018
Accession: 0001144204-19-017270 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 2018-12-31	6,932,425	USD
At 2017-12-31	6,542,505	USD

Total liabilities

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

Period	Value	Unit	Days
At 2018-12-31	4,365,683	USD
At 2017-12-31	4,857,058	USD

Stockholders equity

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

Period	Value	Unit
At 2018-12-31	2,566,742	USD
At 2017-12-31	1,685,447	USD
At 2016-12-31	2,182,098	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 2018-12-31	1,185,553	USD
At 2017-12-31	799,953	USD
At 2016-12-31	973,333	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
2018-01-01 to 2018-12-31	706,608	USD	365
2017-01-01 to 2017-12-31	-682,531	USD	365

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
2018-01-01 to 2018-12-31	551,977	USD	365
2017-01-01 to 2017-12-31	30,213	USD	365

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
2018-01-01 to 2018-12-31	154,407	USD	365
2017-01-01 to 2017-12-31	119,483	USD	365

Revenue

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

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	11,488,727	USD	365
2017-01-01 to 2017-12-31	9,859,201	USD	365

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
2018-01-01 to 2018-12-31	-11,095	USD	365
2017-01-01 to 2017-12-31	-106,236	USD	365

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
2018-01-01 to 2018-12-31	-155,282	USD	365
2017-01-01 to 2017-12-31	-97,357	USD	365

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 2018-12-31	-16,610,294	USD
At 2017-12-31	-17,316,902	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
2018-01-01 to 2018-12-31	13,561,207	shares	365
2017-01-01 to 2017-12-31	13,357,622	shares	365

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
2018-01-01 to 2018-12-31	13,930,708	shares	365
2017-01-01 to 2017-12-31	13,357,622	shares	365

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
2018-01-01 to 2018-12-31	0.05	USD/shares	365
2017-01-01 to 2017-12-31	-0.05	USD/shares	365

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
2018-01-01 to 2018-12-31	0.05	USD/shares	365
2017-01-01 to 2017-12-31	-0.05	USD/shares	365

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	Value	Unit	Days
2018-01-01 to 2018-12-31	0	USD	365
2017-01-01 to 2017-12-31	0	USD	365

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 2018-12-31	627,086	USD
At 2017-12-31	712,788	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
2018-01-01 to 2018-12-31	80,518	USD	365
2017-01-01 to 2017-12-31	59,528	USD	365

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
2018-01-01 to 2018-12-31	867,440	USD	365
2017-01-01 to 2017-12-31	-494,127	USD	365

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 2018-12-31	5,678,816	USD
At 2017-12-31	5,158,252	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 2018-12-31	1,620,902	USD
At 2017-12-31	2,099,320	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2018-12-31	32,156	USD
At 2017-12-31	70,219	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 2018-12-31	1,296,487	USD
At 2017-12-31	1,034,398	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 2018-12-31	3,015,883	USD
At 2017-12-31	3,196,001	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
2018-01-01 to 2018-12-31	2,233,760	USD	365
2017-01-01 to 2017-12-31	2,416,794	USD	365

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 2018-12-31	14,696,966	USD
At 2017-12-31	14,726,638	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 2018-12-31	14,069,880	USD
At 2017-12-31	14,013,850	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 2018-12-31	32,020	USD
At 2017-12-31	37,486	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 2018-12-31	772,927	USD
At 2017-12-31	869,677	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2018-12-31	0	USD
At 2017-12-31	0	USD

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	240,000	USD	365
2017-01-01 to 2017-12-31	284,000	USD	365

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
2018-01-01 to 2018-12-31	278,173	USD	365
2017-01-01 to 2017-12-31	365,048	USD	365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	38,000	USD	365
2017-01-01 to 2017-12-31	81,000	USD	365

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
2018-01-01 to 2018-12-31	-160,832	USD	365
2017-01-01 to 2017-12-31	-188,404	USD	365

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
2018-01-01 to 2018-12-31	197,581	USD	365
2017-01-01 to 2017-12-31	124,987	USD	365

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
2018-01-01 to 2018-12-31	0	USD	365
2017-01-01 to 2017-12-31	1,050	USD	365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	1,388	USD	365
2017-01-01 to 2017-12-31	2,063	USD	365

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
2018-01-01 to 2018-12-31	262,088	USD	365
2017-01-01 to 2017-12-31	-170,510	USD	365

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
2018-01-01 to 2018-12-31	-141,115	USD	365
2017-01-01 to 2017-12-31	654,665	USD	365

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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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000719494.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))