SURGE COMPONENTS, INC.: 10-Q filed 2023-04-14

Name: SURGE COMPONENTS, INC.: 10-Q filed 2023-04-14
Creator: SURGE COMPONENTS, INC.

What SURGE COMPONENTS, INC. reported in its quarterly report filed 2023-04-14 (fiscal Q1 2023): 42 published measures, 83 facts as tagged in accession 0001213900-23-029713.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-04-14
Fiscal period: fiscal Q1 2023
Accession: 0001213900-23-029713 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 2023-02-28	24,543,224	USD
At 2022-11-30	24,622,774	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-02-28	6,647,101	USD
At 2022-11-30	7,119,311	USD

Stockholders equity

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

Period	Value	Unit
At 2023-02-28	17,896,123	USD
At 2022-11-30	17,503,463	USD
At 2022-02-28	13,851,938	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
2022-12-01 to 2023-02-28	395,160	USD	90
2021-12-01 to 2022-02-28	671,753	USD	90

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
2022-12-01 to 2023-02-28	1,525,733	USD	90
2021-12-01 to 2022-02-28	-238,150	USD	90

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
2022-12-01 to 2023-02-28	22,699	USD	90
2021-12-01 to 2022-02-28	21,008	USD	90

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 2022-02-28	-2,196	USD	90

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
2022-12-01 to 2023-02-28	-22,699	USD	90
2021-12-01 to 2022-02-28	-21,008	USD	90

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 2023-02-28	277,512	USD
At 2022-11-30	-115,148	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
2022-12-01 to 2023-02-28	5,541,342	shares	90
2021-12-01 to 2022-02-28	5,515,342	shares	90

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
2022-12-01 to 2023-02-28	5,736,901	shares	90
2021-12-01 to 2022-02-28	5,720,295	shares	90

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
2022-12-01 to 2023-02-28	0.07	USD/shares	90
2021-12-01 to 2022-02-28	0.12	USD/shares	90

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
2022-12-01 to 2023-02-28	0.07	USD/shares	90
2021-12-01 to 2022-02-28	0.12	USD/shares	90

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
2022-12-01 to 2023-02-28	177,155	USD	90
2021-12-01 to 2022-02-28	268,916	USD	90

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 2023-02-28	202,491	USD
At 2022-11-30	196,999	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
2022-12-01 to 2023-02-28	559,859	USD	90
2021-12-01 to 2022-02-28	940,140	USD	90

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 2023-02-28	22,792,388	USD
At 2022-11-30	22,800,073	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
2021-12-01 to 2022-02-28	182	USD	90

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 2023-02-28	5,512,566	USD
At 2022-11-30	5,954,589	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 2023-02-28	4,049,647	USD
At 2022-11-30	4,147,595	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 2023-02-28	6,340,005	USD
At 2022-11-30	7,230,635	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
2022-12-01 to 2023-02-28	2,089,209	USD	90
2021-12-01 to 2022-02-28	2,023,525	USD	90

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 2023-02-28	5,953,443	USD
At 2022-11-30	6,408,551	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
2022-12-01 to 2023-02-28	2,649,068	USD	90
2021-12-01 to 2022-02-28	2,963,665	USD	90

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
2022-12-01 to 2023-02-28	119	USD	90
2021-12-01 to 2022-02-28	856	USD	90

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
2022-12-01 to 2023-02-28	771,539	USD	90
2021-12-01 to 2022-02-28	700,978	USD	90

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 2023-02-28	5,541,342	shares
At 2022-11-30	5,541,342	shares

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 2023-02-28	1,291,338	USD
At 2022-11-30	1,362,305	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 2023-02-28	1,704,732	USD
At 2022-11-30	1,687,525	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 2023-02-28	34,299	USD
At 2022-11-30	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 2023-02-28	601,063	USD
At 2022-11-30	899,259	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 2023-02-28	222,708	USD
At 2022-11-30	229,098	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
2022-12-01 to 2023-02-28	572,315	USD	90
2021-12-01 to 2022-02-28	940,669	USD	90

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
2022-12-01 to 2023-02-28	392,660	USD	90
2021-12-01 to 2022-02-28	669,253	USD	90

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
2022-12-01 to 2023-02-28	1,300,463	USD	90
2021-12-01 to 2022-02-28	1,303,777	USD	90

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
2022-12-01 to 2023-02-28	17,207	USD	90
2021-12-01 to 2022-02-28	18,770	USD	90

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
2022-12-01 to 2023-02-28	12,456	USD	90
2021-12-01 to 2022-02-28	529	USD	90

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
2022-12-01 to 2023-02-28	170,765	USD	90
2021-12-01 to 2022-02-28	128,764	USD	90

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
2022-12-01 to 2023-02-28	6,390	USD	90
2021-12-01 to 2022-02-28	140,152	USD	90

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
2022-12-01 to 2023-02-28	235	USD	90

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
2022-12-01 to 2023-02-28	-890,630	USD	90
2021-12-01 to 2022-02-28	-585,517	USD	90

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
2022-12-01 to 2023-02-28	-455,108	USD	90
2021-12-01 to 2022-02-28	710,682	USD	90

Inspect the source

Entity: SURGE COMPONENTS, INC. / CIK 0000747540
Captured: 2026-09-19 15:01 UTC
SEC response SHA-256: 38e3c0ba834af2e8c727844d85f443cef0fae49c86bd7dff3ed2ac029a11386f

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python

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"])))