NVE CORP NEW
For the period ended Dec 31, 2023. Filed Jan 17, 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.
Dec 31, 2023 · Filed Jan 17, 2024
NVEC$80.16+5.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
| (Unaudited) Dec. 31, 2023 | March 31, 2023* | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $4,684,910 | $1,669,896 |
| Marketable securities, short-term (amortized cost of $14,556,450 as of December 31, 2023, and $15,696,135 as of March 31, 2023) | 14,335,619 | 15,513,095 |
| Accounts receivable, net of allowance for credit losses of $15,000 | 2,245,728 | 6,523,344 |
| Inventories | 7,349,811 | 6,417,010 |
| Prepaid expenses and other assets | 597,305 | 663,459 |
| Total current assets | 29,213,373 | 30,786,804 |
| Fixed assets | ||
| Machinery and equipment | 10,501,096 | 10,484,365 |
| Leasehold improvements | 1,956,309 | 1,956,309 |
| 12,457,405 | 12,440,674 | |
| Less accumulated depreciation and amortization | 11,326,985 | 11,095,236 |
| Net fixed assets | 1,130,420 | 1,345,438 |
| Deferred tax assets | 1,290,284 | 572,038 |
| Marketable securities, long-term (amortized cost of $36,414,391 as of December 31, 2023, and $37,495,846 as of March 31, 2023) | 35,670,914 | 36,125,047 |
| Right-of-use asset – operating lease | 324,451 | 425,843 |
| Total assets | $67,629,442 | $69,255,170 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $170,701 | $281,712 |
| Accrued payroll and other | 460,414 | 1,375,250 |
| Operating lease | 178,490 | 175,798 |
| Total current liabilities | 809,605 | 1,832,760 |
| Operating lease | 218,785 | 342,908 |
| Total liabilities | 1,028,390 | 2,175,668 |
| Shareholders’ equity | ||
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,833,401 issued and outstanding as of December 31, 2023, and 4,830,826 as of March 31, 2023 | 48,334 | 48,308 |
| Additional paid-in capital | 19,542,335 | 19,295,442 |
| Accumulated other comprehensive loss | (753,317) | (1,213,858) |
| Retained earnings | 47,763,700 | 48,949,610 |
| Total shareholders’ equity | 66,601,052 | 67,079,502 |
| Total liabilities and shareholders’ equity | $67,629,442 | $69,255,170 |
*The March 31, 2023 Balance Sheet is derived from the audited financial statements contained in our Annual Report on Form 10-K for the fiscal year ended March 31, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.