TIKK · As filed with the SEC
Tel Instrument Electronics balance sheet, by quarter
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 | Q4 FY25 Mar 31, 2025 | Q3 FY25 Dec 31, 2024 | Q2 FY25 Sep 30, 2024 | Q1 FY25 Jun 30, 2024 | Q4 FY24 Mar 31, 2024 |
|---|---|---|---|---|---|
| Current assets: | |||||
| Cash | — | — | — | — | 132,013 |
| Cash | 121,587 | 192,783 | 242,366 | 149,550 | — |
| Accounts receivable, net | 645,346 | 1,138,791 | 813,801 | 1,763,680 | 1,110,548 |
| Inventories, net | 4,027,236 | 4,008,012 | 4,989,908 | 5,208,229 | 5,411,644 |
| Restricted cash to support appeal bond | — | — | — | — | 0 |
| Prepaid expenses and other current assets | 158,689 | 194,548 | 205,649 | 213,024 | 214,161 |
| Total current assets | 4,952,858 | 5,534,134 | 6,251,724 | 7,334,483 | 6,868,366 |
| Equipment and leasehold improvements, net | 42,108 | 47,839 | 55,330 | 64,165 | 73,195 |
| Operating lease right-of-use assets | 1,114,352 | 1,167,650 | 1,220,431 | 1,272,700 | 1,324,463 |
| Deferred tax asset, net | 0 | 2,801,936 | 2,655,964 | 2,439,427 | 2,450,657 |
| Other assets | 35,109 | 35,109 | 35,109 | 35,109 | 35,109 |
| Total assets | 6,144,427 | 9,586,668 | 10,218,558 | 11,145,884 | 10,751,790 |
| Current liabilities: | |||||
| Line of credit | 1,000,000 | 1,000,000 | 965,000 | 1,000,000 | 690,000 |
| Promissory Notes – Related Parties | 120,500 | 120,500 | 120,500 | 80,500 | — |
| Operating lease liabilities - current portion | 229,624 | 208,076 | 206,061 | 204,064 | 210,111 |
| Accrued expenses - other | — | 264,954 | 174,350 | 179,748 | — |
| Accounts payable – Accounts payable, related party of $102,710 and $140,511, respectively | 790,553 | 814,637 | 1,009,392 | 1,242,906 | 1,276,935 |
| Deferred revenues - current portion | 443,659 | 261,306 | 231,808 | 57,778 | 72,803 |
| Accrued expenses - vacation pay, payroll and payroll withholdings | 288,304 | 201,257 | 280,159 | 265,948 | 248,713 |
| Accrued legal damages | — | — | — | — | 0 |
| Accrued expenses - other | 238,792 | — | — | — | 120,027 |
| Total current liabilities | 3,111,432 | 2,870,730 | 2,987,270 | 3,030,944 | 2,618,589 |
| Operating lease liabilities – long-term | 884,728 | 959,574 | 1,014,370 | 1,068,636 | 1,114,352 |
| Other long term liabilities | 37,589 | 39,567 | 41,546 | 43,524 | 45,501 |
| Deferred revenues – long-term | 122,917 | 75,522 | 90,205 | 104,963 | 119,721 |
| Total liabilities | 4,156,666 | 3,945,393 | 4,133,391 | 4,248,067 | 3,898,163 |
| Commitments and contingencies (Note 20) | — | 0 | 0 | 0 | — |
| Stockholders’ equity | |||||
| Series A Preferred Stock | 4,355,998 | 4,295,998 | 4,235,998 | 4,175,998 | 4,115,998 |
| Series B Preferred Stock | 1,816,701 | 1,788,701 | 1,760,701 | 1,732,701 | 1,704,701 |
| Series C Preferred Stock | 360,895 | 354,475 | 348,055 | 341,635 | 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 | 6,112,302 | 6,194,131 | 6,286,607 | 6,379,085 |
| Accumulated deficit | (10,908,051) | (7,235,787) | (6,779,304) | (5,964,710) | (6,006,958) |
| Total stockholders’ equity | 1,987,761 | 5,641,275 | 6,085,167 | 6,897,817 | 6,853,627 |
| Total liabilities and stockholders’ equity | 6,144,427 | 9,586,668 | 10,218,558 | 11,145,884 | 10,751,790 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.