Polar Power, Inc.: 10-K filed 2020-05-14
What Polar Power, Inc. reported in its annual report filed 2020-05-14 (fiscal FY 2019): 39 published measures, 76 facts as tagged in accession 0001213900-20-012207.
This filing
- Form
- 10-K (annual report)
- Filed
- 2020-05-14
- Fiscal period
- fiscal FY 2019
- Accession
- 0001213900-20-012207 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 Polar Power, 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 2019-12-31 | 23,563,215 | USD | |
| At 2018-12-31 | 25,240,106 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 5,186,943 | USD | |
| At 2018-12-31 | 2,858,085 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 18,376,272 | USD | |
| At 2018-12-31 | 22,382,021 | USD | |
| At 2017-12-31 | 22,902,802 | 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 2019-12-31 | 2,840,117 | USD | |
| At 2018-12-31 | 5,640,078 | USD | |
| At 2017-12-31 | 14,201,163 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -4,044,751 | USD | 365 |
| 2018-01-01 to 2018-12-31 | -848,252 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -2,166,684 | USD | 365 |
| 2018-01-01 to 2018-12-31 | -7,847,693 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 338,190 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 574,990 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 24,801,141 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 24,046,354 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -295,087 | USD | 365 |
| 2018-01-01 to 2018-12-31 | -138,402 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -338,190 | USD | 365 |
| 2018-01-01 to 2018-12-31 | -574,990 | 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 2019-12-31 | -1,242,170 | USD | |
| At 2018-12-31 | 2,802,581 | 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 |
|---|---|---|---|
| 2018-01-01 to 2018-12-31 | 215,000 | 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 2019-12-31 | 2,100,034 | USD | |
| At 2018-12-31 | 2,122,757 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 78,943 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 327,471 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -3,981,477 | USD | 365 |
| 2018-01-01 to 2018-12-31 | -1,098,788 | 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 2019-12-31 | 19,182,405 | USD | |
| At 2018-12-31 | 23,023,348 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 103,335 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 20,170 | 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 2019-12-31 | 2,749,507 | USD | |
| At 2018-12-31 | 1,933,546 | 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 2019-12-31 | 574,510 | USD | |
| At 2018-12-31 | 1,066,415 | 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 2019-12-31 | 933,830 | USD | |
| At 2018-12-31 | 7,726,919 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 8,900,876 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 8,530,568 | 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 2019-12-31 | 13,912,200 | USD | |
| At 2018-12-31 | 8,471,769 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 4,919,399 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 7,431,780 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 19,881,742 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 16,614,574 | USD | 365 |
Research and development expense
Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 2,275,736 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 1,907,810 | 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 2019-12-31 | 10,125,681 | shares | |
| At 2018-12-31 | 10,143,158 | 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 2019-12-31 | 2,186,775 | USD |
Operating lease liability
Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 2,277,148 | USD |
Long-term debt
Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 1,106,089 | USD |
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 2019-12-31 | 4,188,244 | USD | |
| At 2018-12-31 | 3,582,860 | 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 2019-12-31 | 2,088,210 | USD | |
| At 2018-12-31 | 1,460,103 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -4,044,751 | USD | 365 |
| 2018-01-01 to 2018-12-31 | -1,063,252 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 4,004,233 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 4,043,301 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 628,107 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 385,583 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -63,274 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 35,536 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 51,746 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 20,170 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -6,793,089 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 4,668,653 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | 5,710,431 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 2,984,716 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-12-31 | -491,905 | USD | 365 |
| 2018-01-01 to 2018-12-31 | 308,662 | USD | 365 |
Inspect the source
- Entity
- Polar Power, Inc. / CIK 0001622345
- Captured
- 2026-09-21T17:21:52.050Z
- SEC response SHA-256
06d5418c20aeefc9c388291c359f6cab2420c618e3f61cf9e31d46e5d407e71b
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
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