UNITED GUARDIAN INC
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 21, 2025
UG$8.85+31.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
ASSETS
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Current assets: | ||
| Cash and cash equivalents | $1,875,655 | $8,243,122 |
| Marketable securities | 7,522,625 | 851,318 |
| Accounts receivable, net of allowance for credit losses of $14,342 in 2024 and $16,672 in 2023 | 1,428,455 | 1,566,839 |
| Inventories, net | 1,451,995 | 1,223,506 |
| Prepaid expenses and other current assets | 207,804 | 191,708 |
| Prepaid income taxes | 179,017 | 176,220 |
| Total current assets | 12,665,551 | 12,252,713 |
| Deferred income taxes, net | 175,397 | 50,930 |
| Property, plant, and equipment: | ||
| Land | 69,000 | 69,000 |
| Factory equipment and fixtures | 4,743,238 | 4,669,936 |
| Building and improvements | 3,336,352 | 2,976,577 |
| Total property, plant and equipment | 8,148,590 | 7,715,513 |
| Less accumulated depreciation | 7,192,203 | 7,096,318 |
| Total property, plant, and equipment, net | 956,387 | 619,195 |
| TOTAL ASSETS | $13,797,335 | $12,922,838 |
BALANCE SHEETS
LIABILITIES AND STOCKHOLDERS' EQUITY
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Current liabilities: | ||
| Accounts payable | $425,003 | $134,449 |
| Accrued expenses | 1,467,933 | 1,363,044 |
| Deferred revenue | --- | 15,498 |
| Dividends payable | 21,533 | 21,265 |
| Total current liabilities | 1,914,469 | 1,534,256 |
| Total liabilities | 1,914,469 | 1,534,256 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, $.10 par value; 10,000,000 shares authorized; 4,594,319 shares issued and outstanding at December 31, 2024 and 2023 | 459,432 | 459,432 |
| Retained earnings | 11,423,434 | 10,929,150 |
| Total stockholders’ equity | 11,882,866 | 11,388,582 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $13,797,335 | $12,922,838 |
**STATEMENTS OF STOCKHOLDERS' EQUITY
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