NVE CORP NEW
For the period ended Sep 30, 2024. Filed Oct 23, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Oct 23, 2024
NVEC$80.16+5.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| (Unaudited) September 30, 2024 | March 31, 2024* | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $3,096,179 | $10,283,550 |
| Marketable securities, short-term (amortized cost of $20,002,199 as of September 30, 2024, and $12,283,630 as of March 31, 2024) | 19,836,293 | 11,917,779 |
| Accounts receivable, net of allowance for credit losses of $15,000 as of September 30 and March 31, 2024 | 2,952,431 | 3,144,833 |
| Inventories | 7,417,611 | 7,158,585 |
| Prepaid expenses and other assets | 533,233 | 689,349 |
| Total current assets | 33,835,747 | 33,194,096 |
| Fixed assets | ||
| Machinery and equipment | 11,626,533 | 10,501,096 |
| Leasehold improvements | 1,956,309 | 1,956,309 |
| 13,582,842 | 12,457,405 | |
| Less accumulated depreciation | 11,560,984 | 11,403,383 |
| Net fixed assets | 2,021,858 | 1,054,022 |
| Deferred tax assets | 1,518,646 | 1,453,704 |
| Marketable securities, long-term (amortized cost of $28,203,595 as of September 30, 2024, and $31,417,890 as of March 31, 2024) | 28,281,803 | 30,788,301 |
| Right-of-use asset – operating lease | 219,747 | 289,910 |
| Total assets | $65,877,801 | $66,780,033 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $170,077 | $127,154 |
| Accrued payroll and other | 580,274 | 729,215 |
| Operating lease liability | 181,159 | 179,372 |
| Total current liabilities | 931,510 | 1,035,741 |
| Long-term operating lease liability | 88,651 | 175,775 |
| Total liabilities | 1,020,161 | 1,211,516 |
| Shareholders’ equity | ||
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,834,020 issued and outstanding as of September 30, 2024 and 4,833,676 as of March 31, 2024 | 48,340 | 48,337 |
| Additional paid-in capital | 19,678,425 | 19,554,812 |
| Accumulated other comprehensive loss | (68,510) | (777,637) |
| Retained earnings | 45,199,385 | 46,743,005 |
| Total shareholders’ equity | 64,857,640 | 65,568,517 |
| Total liabilities and shareholders’ equity | $65,877,801 | $66,780,033 |
*The March 31, 2024 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, 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.