TIKK · As filed with the SEC
Tel Instrument Electronics balance sheet, by fiscal year
The statement as Tel Instrument Electronics presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Balance Sheets · USD
| USD | FY2025 Mar 31, 2025 | FY2024 Mar 31, 2024 | FY2023 Mar 31, 2023 | FY2022 Mar 31, 2022 | FY2021 Mar 31, 2021 |
|---|---|---|---|---|---|
| Current assets: | |||||
| Cash | — | 132,013 | 3,839,398 | 4,949,690 | 3,485,275 |
| Cash | 121,587 | — | — | — | — |
| Accounts receivable, net | 645,346 | 1,110,548 | 900,881 | 1,049,040 | 1,933,321 |
| Inventories, net | 4,027,236 | 5,411,644 | 3,586,065 | 2,820,497 | 3,437,989 |
| Restricted cash to support appeal bond | — | 0 | 2,011,083 | 2,011,050 | 2,011,050 |
| Prepaid expenses and other current assets | 158,689 | 214,161 | 817,625 | 244,040 | 263,067 |
| Total current assets | 4,952,858 | 6,868,366 | 11,155,052 | 11,074,317 | 11,130,702 |
| Equipment and leasehold improvements, net | 42,108 | 73,195 | 85,167 | 115,338 | 200,769 |
| Operating lease right-of-use assets | 1,114,352 | 1,324,463 | 1,526,551 | 1,720,921 | 1,922,805 |
| Deferred tax asset, net | 0 | 2,450,657 | 2,627,935 | 2,499,587 | 2,675,040 |
| Other assets | 35,109 | 35,109 | 35,109 | 35,109 | 35,110 |
| Total assets | 6,144,427 | 10,751,790 | 15,429,814 | 15,445,272 | 15,964,426 |
| Current liabilities: | |||||
| Line of credit | 1,000,000 | 690,000 | 690,000 | — | — |
| Promissory Notes – Related Parties | 120,500 | — | — | — | — |
| Operating lease liabilities - current portion | 229,624 | 210,111 | 202,087 | 194,370 | 201,883 |
| Accounts payable – Accounts payable, related party of $102,710 and $140,511, respectively | 790,553 | 1,276,935 | 322,582 | 406,489 | 906,149 |
| Deferred revenues - current portion | 443,659 | 72,803 | 123,117 | 119,835 | 150,709 |
| Accrued expenses - vacation pay, payroll and payroll withholdings | 288,304 | 248,713 | 240,034 | 410,538 | 457,232 |
| Accrued legal damages | — | 0 | 6,360,698 | 6,097,273 | 5,889,023 |
| Accrued expenses - other | 238,792 | 120,027 | 157,896 | 174,145 | 365,975 |
| Total current liabilities | 3,111,432 | 2,618,589 | 8,096,414 | 7,402,650 | 7,970,971 |
| Operating lease liabilities – long-term | 884,728 | 1,114,352 | 1,324,464 | 1,526,551 | 1,720,921 |
| Other long term liabilities | — | — | 53,416 | 0 | 722,577 |
| Other long term liabilities | 37,589 | 45,501 | — | — | — |
| Deferred revenues – long-term | 122,917 | 119,721 | 173,883 | 289,071 | 332,428 |
| Total liabilities | 4,156,666 | 3,898,163 | 9,648,177 | 9,218,272 | 10,746,897 |
| Stockholders’ equity | |||||
| Series A Preferred Stock | 4,355,998 | 4,115,998 | 3,875,998 | 3,695,998 | 3,695,998 |
| Series B Preferred Stock | 1,816,701 | 1,704,701 | 1,207,367 | 1,147,367 | 1,147,367 |
| Series C Preferred Stock | 360,895 | 335,215 | — | — | — |
| Common stock, 7,000,000 shares authorized, par value $.10 per share, 3,255,887 and 3,255,887 shares issued and outstanding, respectively | 325,586 | 325,586 | 325,586 | 325,586 | 325,586 |
| Additional paid-in capital | 6,036,632 | 6,379,085 | 6,721,535 | 7,018,353 | 7,318,620 |
| Accumulated deficit | (10,908,051) | (6,006,958) | (6,348,849) | (5,960,304) | (7,270,042) |
| Total stockholders’ equity | 1,987,761 | 6,853,627 | 5,781,637 | 6,227,000 | 5,217,529 |
| Total liabilities and stockholders’ equity | 6,144,427 | 10,751,790 | 15,429,814 | 15,445,272 | 15,964,426 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.