SONO TEK CORP
For the period ended Nov 30, 2023. Filed Jan 16, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2023 · Filed Jan 16, 2024
SOTK$4.21-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. – Condensed Consolidated Financial Statements:1 -
| November 30, 2023 (Unaudited) | February 28, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $2,981,931 | $3,354,601 |
| Marketable securities | 9,609,444 | 8,090,000 |
| Accounts receivable (less allowance of $12,225) | 1,762,309 | 1,633,866 |
| Inventories | 4,252,550 | 3,242,909 |
| Prepaid expenses and other current assets | 81,785 | 254,046 |
| Total current assets | 18,688,019 | 16,575,422 |
| Land | 250,000 | 250,000 |
| Buildings, equipment, furnishings and leasehold improvements, net | 2,850,100 | 2,624,996 |
| Intangible assets, net | 51,674 | 57,202 |
| Deferred tax asset | 842,010 | 667,098 |
| TOTAL ASSETS | $22,681,803 | $20,174,718 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $1,504,382 | $810,863 |
| Accrued expenses | 1,720,020 | 1,427,446 |
| Customer deposits | 3,143,009 | 2,838,165 |
| Income taxes payable | 248,152 | 381,421 |
| Total current liabilities | 6,615,563 | 5,457,895 |
| Deferred tax liability | — | 82,865 |
| Total liabilities | 6,615,563 | 5,540,760 |
| Stockholders’ Equity | ||
| Common stock, $.01 par value; 25,000,000 shares authorized, 15,745,206 and 15,742,073 shares issued and outstanding, respectively | 157,452 | 157,421 |
| Additional paid-in capital | 9,714,301 | 9,566,898 |
| Accumulated earnings | 6,194,487 | 4,909,639 |
| Total stockholders’ equity | 16,066,240 | 14,633,958 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $22,681,803 | $20,174,718 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
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