M-tron Industries Inc
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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FY2023 · Filed Mar 25, 2024
MPTI$64.44+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets: December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands, Except per Share Amounts)
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $3,913 | $926 |
| Accounts receivable, net of allowances of $141 and $142, respectively | 4,802 | 5,197 |
| Inventories, net | 8,884 | 7,518 |
| Prepaid expenses and other current assets | 588 | 673 |
| Total Current Assets | 18,187 | 14,314 |
| Property, Plant and Equipment | ||
| Land | 536 | 536 |
| Buildings and improvements | 5,216 | 4,937 |
| Machinery and equipment | 20,046 | 19,044 |
| Gross property, plant and equipment | 25,798 | 24,517 |
| Less: accumulated depreciation | (21,667) | (20,870) |
| Net property, plant and equipment | 4,131 | 3,647 |
| Right-of-use lease asset | 97 | 147 |
| Intangible assets, net | 45 | 98 |
| Deferred income tax asset | 1,835 | 1,051 |
| Other assets | 10 | 16 |
| Total Assets | $24,305 | $19,273 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $1,300 | $2,381 |
| Accrued compensation and commissions expense | 2,196 | 1,627 |
| Other accrued expenses | 611 | 614 |
| Income taxes payable | 277 | 234 |
| Total Current Liabilities | 4,384 | 4,856 |
| Long-term lease liability | 26 | 76 |
| Total Liabilities | 4,410 | 4,932 |
| Contingencies (Note I) | ||
| Stockholders' Equity | ||
| Preferred stock - $0.01 par value; 5,000,000 shares authorized, none issued | — | — |
| Common stock - $0.01 par value; 25,000,000 shares authorized; 2,786,321 and 2,726,798 shares issued and outstanding, respectively. | 27 | 27 |
| Additional paid-in capital | 16,167 | 14,102 |
| Retained earnings | 3,701 | 212 |
| Total Equity | 19,895 | 14,341 |
| Total Liabilities and Stockholders' Equity | $24,305 | $19,273 |
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