SURGE COMPONENTS, INC.: 10-K filed 2019-02-28

Name: SURGE COMPONENTS, INC.: 10-K filed 2019-02-28
Creator: SURGE COMPONENTS, INC.

What SURGE COMPONENTS, INC. reported in its annual report filed 2019-02-28 (fiscal FY 2018): 43 published measures, 87 facts as tagged in accession 0001213900-19-003321.

This filing

Form: 10-K (annual report)
Filed: 2019-02-28
Fiscal period: fiscal FY 2018
Accession: 0001213900-19-003321 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 SURGE COMPONENTS, 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 2018-11-30	12,280,013	USD
At 2017-11-30	11,475,316	USD

Total liabilities

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

Period	Value	Unit	Days
At 2018-11-30	5,590,179	USD
At 2017-11-30	6,762,576	USD

Stockholders equity

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

Period	Value	Unit
At 2018-11-30	6,689,834	USD
At 2017-11-30	4,712,740	USD
At 2016-11-30	11,510,274	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 2018-11-30	1,761,863	USD
At 2017-11-30	1,086,999	USD
At 2016-11-30	7,120,601	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
2017-12-01 to 2018-11-30	1,961,594	USD	365
2016-12-01 to 2017-11-30	357,466	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
2017-12-01 to 2018-11-30	1,187,413	USD	365
2016-12-01 to 2017-11-30	665,920	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
2017-12-01 to 2018-11-30	26,638	USD	365
2016-12-01 to 2017-11-30	49,522	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
2017-12-01 to 2018-11-30	-485,911	USD	365
2016-12-01 to 2017-11-30	-6,650,000	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
2017-12-01 to 2018-11-30	-26,638	USD	365
2016-12-01 to 2017-11-30	-49,522	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 2018-11-30	-9,893,210	USD
At 2017-11-30	-11,849,804	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
2017-12-01 to 2018-11-30	5,226,604	shares	365
2016-12-01 to 2017-11-30	6,498,404	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
2017-12-01 to 2018-11-30	5,345,061	shares	365
2016-12-01 to 2017-11-30	6,610,492	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
2017-12-01 to 2018-11-30	0.37	USD/shares	365
2016-12-01 to 2017-11-30	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
2017-12-01 to 2018-11-30	0.37	USD/shares	365
2016-12-01 to 2017-11-30	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
2017-12-01 to 2018-11-30	140,992	USD	365
2016-12-01 to 2017-11-30	-40,821	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 2018-11-30	115,995	USD
At 2017-11-30	138,329	USD

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
2017-12-01 to 2018-11-30	1,514,947	USD	365
2016-12-01 to 2017-11-30	335,981	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 2018-11-30	11,168,010	USD
At 2017-11-30	10,668,350	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
2017-12-01 to 2018-11-30	15,728	USD	365
2016-12-01 to 2017-11-30	22,443	USD	365

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 2018-11-30	5,539,125	USD
At 2017-11-30	6,695,522	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 2018-11-30	4,420,013	USD
At 2017-11-30	4,629,932	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 2018-11-30	5,997,493	USD
At 2017-11-30	5,933,268	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
2017-12-01 to 2018-11-30	6,768,251	USD	365
2016-12-01 to 2017-11-30	7,174,515	USD	365

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 2018-11-30	3,389,065	USD
At 2017-11-30	3,161,587	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
2017-12-01 to 2018-11-30	8,283,198	USD	365
2016-12-01 to 2017-11-30	7,510,496	USD	365

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2017-12-01 to 2018-11-30	7,240	USD	365
2016-12-01 to 2017-11-30	8,970	USD	365

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 2018-11-30	5,262,128	shares
At 2017-11-30	5,224,431	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 2018-11-30	16,577,772	USD
At 2017-11-30	16,557,310	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 2018-11-30	2,266,627	USD
At 2017-11-30	2,217,654	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 2018-11-30	13,384	USD
At 2017-11-30	13,384	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2018-11-30	603,203	USD
At 2017-11-30	937,249	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 2018-11-30	982,624	USD
At 2017-11-30	982,880	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2017-12-01 to 2018-11-30	2,102,586	USD	365
2016-12-01 to 2017-11-30	316,645	USD	365

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
2017-12-01 to 2018-11-30	1,956,594	USD	365
2016-12-01 to 2017-11-30	352,466	USD	365

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
2017-12-01 to 2018-11-30	4,069,823	USD	365
2016-12-01 to 2017-11-30	4,614,802	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
2017-12-01 to 2018-11-30	587,639	USD	365
2016-12-01 to 2017-11-30	-19,336	USD	365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2017-12-01 to 2018-11-30	140,736	USD	365
2016-12-01 to 2017-11-30	27,399	USD	365

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
2017-12-01 to 2018-11-30	256	USD	365
2016-12-01 to 2017-11-30	-68,220	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
2017-12-01 to 2018-11-30	15,728	USD	365
2016-12-01 to 2017-11-30	22,443	USD	365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2017-12-01 to 2018-11-30	815	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
2017-12-01 to 2018-11-30	64,225	USD	365
2016-12-01 to 2017-11-30	372,876	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
2017-12-01 to 2018-11-30	227,478	USD	365
2016-12-01 to 2017-11-30	232,017	USD	365

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
2017-12-01 to 2018-11-30	-209,919	USD	365
2016-12-01 to 2017-11-30	1,392,340	USD	365

Inspect the source

Entity: SURGE COMPONENTS, INC. / CIK 0000747540
Captured: 2026-09-19T15:01:40.559Z
SEC response SHA-256: 38e3c0ba834af2e8c727844d85f443cef0fae49c86bd7dff3ed2ac029a11386f

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000747540.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"])))