LGL GROUP INC
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
LGL$6.60-2.5%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
| December 31, | ||
|---|---|---|
| (in thousands, except share data) | 2023 | 2022 |
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $40,711 | $21,507 |
| Marketable securities | 22 | 16,585 |
| Accounts receivable, net of allowance of $58 and $86, respectively | 356 | 543 |
| Inventories, net | 204 | 265 |
| Prepaid expenses and other current assets | 273 | 440 |
| Total current assets | 41,566 | 39,340 |
| Property, plant and equipment, net | — | 1 |
| Right-of-use lease asset | 75 | 132 |
| Intangible assets, net | 57 | 78 |
| Deferred income tax asset, net | 152 | 234 |
| Total assets | $41,850 | $39,785 |
| Liabilities: | ||
| Current liabilities: | ||
| Accounts payable | $93 | $310 |
| Accrued compensation and commissions expense | 264 | 170 |
| Income taxes payable | 41 | 1 |
| Other accrued expenses and liabilities | 76 | 106 |
| Total current liabilities | 474 | 587 |
| Other liabilities | 694 | 708 |
| Total liabilities | 1,168 | 1,295 |
| Contingencies (Note 14) | ||
| Stockholders' equity: | ||
| Common stock ($0.01 par value; 30,000,000 shares authorized; 5,454,639 and 5,434,521 shares issued as of 2023 and 2022, respectively; 5,373,055 and 5,352,937 shares outstanding as of 2023 and 2022, respectively) | 53 | 53 |
| Treasury stock, at cost (81,584 shares as of 2023 and 2022, respectively) | (580) | (580) |
| Additional paid-in capital | 46,349 | 46,346 |
| Accumulated deficit | (7,060) | (7,329) |
| Total LGL Group stockholders' equity | 38,762 | 38,490 |
| Non-controlling interests | 1,920 | — |
| Total stockholders' equity | 40,682 | 38,490 |
| Total liabilities and stockholders' equity | $41,850 | $39,785 |
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