SURGE COMPONENTS, INC.: 10-Q filed 2022-10-17

Name: SURGE COMPONENTS, INC.: 10-Q filed 2022-10-17
Creator: SURGE COMPONENTS, INC.

What SURGE COMPONENTS, INC. reported in its quarterly report filed 2022-10-17 (fiscal Q3 2022): 45 published measures, 122 facts as tagged in accession 0001213900-22-064184.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-10-17
Fiscal period: fiscal Q3 2022
Accession: 0001213900-22-064184 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 2022-08-31	25,162,031	USD
At 2021-11-30	21,751,740	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-08-31	8,625,128	USD
At 2021-11-30	8,569,055	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2022-08-31	16,536,903	USD
At 2021-11-30	13,182,685	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
2022-06-01 to 2022-08-31	1,235,423	USD	92
2021-12-01 to 2022-08-31	2,769,586	USD	274
2021-06-01 to 2021-08-31	881,240	USD	92
2020-12-01 to 2021-08-31	1,863,012	USD	274

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
2021-12-01 to 2022-08-31	1,237,729	USD	274
2020-12-01 to 2021-08-31	1,297,266	USD	274

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
2021-12-01 to 2022-08-31	48,351	USD	274
2020-12-01 to 2021-08-31	192,397	USD	274

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
2021-12-01 to 2022-08-31	-6,948	USD	274
2020-12-01 to 2021-08-31	-6,331	USD	274

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
2021-12-01 to 2022-08-31	-48,351	USD	274
2020-12-01 to 2021-08-31	-192,397	USD	274

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 2022-08-31	-1,081,708	USD
At 2021-11-30	-3,846,294	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
2022-06-01 to 2022-08-31	5,541,342	shares	92
2021-12-01 to 2022-08-31	5,532,043	shares	274
2021-06-01 to 2021-08-31	5,515,342	shares	92
2020-12-01 to 2021-08-31	5,482,269	shares	274

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
2022-06-01 to 2022-08-31	5,742,915	shares	92
2021-12-01 to 2022-08-31	5,733,616	shares	274
2021-06-01 to 2021-08-31	5,695,801	shares	92
2020-12-01 to 2021-08-31	5,662,729	shares	274

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
2022-06-01 to 2022-08-31	0.22	USD/shares	92
2021-12-01 to 2022-08-31	0.5	USD/shares	274
2021-06-01 to 2021-08-31	0.16	USD/shares	92
2020-12-01 to 2021-08-31	0.34	USD/shares	274

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
2022-06-01 to 2022-08-31	0.22	USD/shares	92
2021-12-01 to 2022-08-31	0.48	USD/shares	274
2021-06-01 to 2021-08-31	0.15	USD/shares	92
2020-12-01 to 2021-08-31	0.33	USD/shares	274

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
2022-06-01 to 2022-08-31	181,392	USD	92
2021-12-01 to 2022-08-31	894,212	USD	274
2021-06-01 to 2021-08-31	372,928	USD	92
2020-12-01 to 2021-08-31	813,383	USD	274

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 2022-08-31	216,598	USD
At 2021-11-30	227,046	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
2021-12-01 to 2022-08-31	589,632	USD	274
2020-12-01 to 2021-08-31	75,000	USD	274

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
2022-06-01 to 2022-08-31	1,389,488	USD	92
2021-12-01 to 2022-08-31	3,635,259	USD	274
2021-06-01 to 2021-08-31	1,254,151	USD	92
2020-12-01 to 2021-08-31	2,226,782	USD	274

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 2022-08-31	23,266,355	USD
At 2021-11-30	19,548,716	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
2022-06-01 to 2022-08-31	74	USD	92
2021-12-01 to 2022-08-31	386	USD	274
2021-06-01 to 2021-08-31	286	USD	92
2020-12-01 to 2021-08-31	1,004	USD	274

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 2022-08-31	7,414,844	USD
At 2021-11-30	7,260,397	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 2022-08-31	5,716,931	USD
At 2021-11-30	5,448,483	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 2022-08-31	8,417,565	USD
At 2021-11-30	7,498,766	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
2022-06-01 to 2022-08-31	2,239,441	USD	92
2021-12-01 to 2022-08-31	7,327,827	USD	274
2021-06-01 to 2021-08-31	1,832,562	USD	92
2020-12-01 to 2021-08-31	5,717,219	USD	274

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 2022-08-31	6,985,142	USD
At 2021-11-30	5,293,085	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
2022-06-01 to 2022-08-31	3,628,929	USD	92
2021-12-01 to 2022-08-31	10,963,086	USD	274
2021-06-01 to 2021-08-31	3,086,713	USD	92
2020-12-01 to 2021-08-31	7,944,001	USD	274

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
2021-12-01 to 2022-08-31	2,719	USD	274
2020-12-01 to 2021-08-31	2,977	USD	274

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
2022-06-01 to 2022-08-31	823,133	USD	92
2021-12-01 to 2022-08-31	2,501,208	USD	274
2021-06-01 to 2021-08-31	618,346	USD	92
2020-12-01 to 2021-08-31	1,893,729	USD	274

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 2022-08-31	5,541,342	shares
At 2021-11-30	5,515,342	shares

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2022-08-31	16,536,903	USD
At 2021-12-31	13,182,685	USD
At 2021-08-31	12,534,936	USD
At 2020-12-31	10,601,924	USD

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 2022-08-31	1,439,126	USD
At 2021-11-30	1,534,429	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 2022-08-31	1,667,926	USD
At 2021-11-30	1,609,127	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 2022-08-31	34,299	USD
At 2021-11-30	34,299	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 2022-08-31	979,213	USD
At 2021-11-30	772,056	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 2022-08-31	205,653	USD
At 2021-11-30	407,250	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
2022-06-01 to 2022-08-31	1,416,815	USD	92
2021-12-01 to 2022-08-31	3,663,798	USD	274
2021-06-01 to 2021-08-31	1,254,168	USD	92
2020-12-01 to 2021-08-31	2,676,395	USD	274

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-01-01 to 2022-08-31	2,769,586	USD	243
2021-01-01 to 2021-08-31	1,863,012	USD	243

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
2022-06-01 to 2022-08-31	1,232,923	USD	92
2021-12-01 to 2022-08-31	2,764,586	USD	274
2021-06-01 to 2021-08-31	878,740	USD	92
2020-12-01 to 2021-08-31	1,858,012	USD	274

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
2022-06-01 to 2022-08-31	1,395,580	USD	92
2021-12-01 to 2022-08-31	4,767,820	USD	274
2021-06-01 to 2021-08-31	1,196,692	USD	92
2020-12-01 to 2021-08-31	3,770,917	USD	274

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
2021-12-01 to 2022-08-31	58,799	USD	274
2020-12-01 to 2021-08-31	52,573	USD	274

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
2022-06-01 to 2022-08-31	27,327	USD	92
2021-12-01 to 2022-08-31	28,539	USD	274
2021-06-01 to 2021-08-31	17	USD	92
2020-12-01 to 2021-08-31	449,613	USD	274

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
2021-12-01 to 2022-08-31	692,615	USD	274
2020-12-01 to 2021-08-31	149,349	USD	274

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
2021-12-01 to 2022-08-31	201,597	USD	274
2020-12-01 to 2021-08-31	664,034	USD	274

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
2021-12-01 to 2022-08-31	617,291	USD	274
2020-12-01 to 2021-08-31	156,793	USD	274

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
2021-12-01 to 2022-08-31	941,871	USD	274
2020-12-01 to 2021-08-31	1,316,587	USD	274

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
2021-12-01 to 2022-08-31	1,692,057	USD	274
2020-12-01 to 2021-08-31	792,929	USD	274

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"])))