NORTECH SYSTEMS INCORPORATED: 10-Q filed 2013-08-09
What NORTECH SYSTEMS INCORPORATED reported in its quarterly report filed 2013-08-09 (fiscal Q2 2013): 34 published measures, 87 facts as tagged in accession 0001104659-13-062094.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2013-08-09
- Fiscal period
- fiscal Q2 2013
- Accession
- 0001104659-13-062094 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All NORTECH SYSTEMS INCORPORATED 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 2013-06-30 | 47,183,212 | USD | |
| At 2012-12-31 | 44,514,899 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-06-30 | 25,714,172 | USD | |
| At 2012-12-31 | 23,379,668 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-06-30 | 21,469,040 | USD | |
| At 2012-12-31 | 21,135,231 | 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 | Days |
|---|---|---|---|
| At 2013-06-30 | 0 | USD | |
| At 2012-12-31 | 0 | USD | |
| At 2012-06-30 | 0 | USD | |
| At 2011-12-31 | 0 | 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 |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | 187,219 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 328,308 | USD | 181 |
| 2012-04-01 to 2012-06-30 | 125,925 | USD | 91 |
| 2012-01-01 to 2012-06-30 | 248,730 | 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 |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | 665,195 | USD | 181 |
| 2012-01-01 to 2012-06-30 | 1,047,253 | 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 2013-06-30 | 5,523,653 | USD | |
| At 2012-12-31 | 5,195,345 | USD |
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 |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | 98,000 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 77,000 | USD | 181 |
| 2012-04-01 to 2012-06-30 | 76,000 | USD | 91 |
| 2012-01-01 to 2012-06-30 | 135,000 | 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 2013-06-30 | 11,239,888 | USD | |
| At 2012-12-31 | 11,566,315 | 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 |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | 5,501 | USD | 181 |
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 |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | 373,105 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 596,727 | USD | 181 |
| 2012-04-01 to 2012-06-30 | 318,586 | USD | 91 |
| 2012-01-01 to 2012-06-30 | 647,016 | 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 2013-06-30 | 35,818,260 | USD | |
| At 2012-12-31 | 32,691,371 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | 104,968 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 198,493 | USD | 181 |
| 2012-04-01 to 2012-06-30 | 100,303 | USD | 91 |
| 2012-01-01 to 2012-06-30 | 237,063 | USD | 182 |
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 2013-06-30 | 21,213,868 | USD | |
| At 2012-12-31 | 20,131,441 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-06-30 | 8,473,518 | USD | |
| At 2012-12-31 | 9,051,978 | 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 2013-06-30 | 15,475,312 | USD | |
| At 2012-12-31 | 13,607,933 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | 2,985,558 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 5,999,361 | USD | 181 |
| 2012-04-01 to 2012-06-30 | 2,773,168 | USD | 91 |
| 2012-01-01 to 2012-06-30 | 5,452,973 | USD | 182 |
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 2013-06-30 | 18,776,113 | USD | |
| At 2012-12-31 | 17,664,862 | USD |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | 3,358,663 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 6,596,088 | USD | 181 |
| 2012-04-01 to 2012-06-30 | 3,091,754 | USD | 91 |
| 2012-01-01 to 2012-06-30 | 6,099,989 | USD | 182 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-06-30 | 2,742,992 | shares | |
| At 2012-12-31 | 2,742,992 | shares |
Additional paid-in capital
Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-06-30 | 15,730,893 | USD | |
| At 2012-12-31 | 15,725,392 | USD |
Accumulated other comprehensive income or loss
Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-06-30 | -62,936 | USD | |
| At 2012-12-31 | -62,936 | 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 2013-06-30 | 125,064 | USD | |
| At 2012-12-31 | 257,213 | USD |
Other noncurrent liabilities
Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2013-06-30 | 213,658 | USD | |
| At 2012-12-31 | 155,328 | USD |
General and administrative expense
General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | 1,792,527 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 3,535,587 | USD | 181 |
| 2012-04-01 to 2012-06-30 | 1,620,360 | USD | 91 |
| 2012-01-01 to 2012-06-30 | 3,212,349 | USD | 182 |
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 |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | 1,009,775 | USD | 181 |
| 2012-01-01 to 2012-06-30 | 915,176 | USD | 182 |
Other nonoperating income or expense
Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | 17,082 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 7,074 | USD | 181 |
| 2012-04-01 to 2012-06-30 | -16,358 | USD | 91 |
| 2012-01-01 to 2012-06-30 | -26,223 | 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 |
|---|---|---|---|
| 2013-04-01 to 2013-06-30 | -87,886 | USD | 91 |
| 2013-01-01 to 2013-06-30 | -191,419 | USD | 181 |
| 2012-04-01 to 2012-06-30 | -116,661 | USD | 91 |
| 2012-01-01 to 2012-06-30 | -263,286 | USD | 182 |
Deferred income tax expense or benefit
The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | 3,000 | USD | 181 |
| 2012-01-01 to 2012-06-30 | -195,000 | 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 |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | 178,103 | USD | 181 |
| 2012-01-01 to 2012-06-30 | 192,572 | 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 |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | 187,300 | USD | 181 |
| 2012-01-01 to 2012-06-30 | 87,602 | 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 |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | 1,867,379 | USD | 181 |
| 2012-01-01 to 2012-06-30 | -1,077,952 | 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 |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | 1,111,251 | USD | 181 |
| 2012-01-01 to 2012-06-30 | -136,089 | USD | 182 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2013-01-01 to 2013-06-30 | -595,357 | USD | 181 |
| 2012-01-01 to 2012-06-30 | -1,259,032 | USD | 182 |
Inspect the source
- Entity
- NORTECH SYSTEMS INCORPORATED / CIK 0000722313
- Captured
- 2026-09-19T14:59:55.146Z
- SEC response SHA-256
82372088a9ad5ad85f5b6447d5a8b9fd2d3b7c09289a36b589756b4998faa5a6
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