LGL GROUP INC

For the period ended Jun 30, 2024. Filed Aug 13, 2024.

About 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.

Jun 30, 2024 · Filed Aug 13, 2024

LGL$6.77+2.1%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except share data)	June 30, 2024	December 31, 2023
Assets:
Current assets:
Cash and cash equivalents	$41,074	$40,711
Marketable securities	18	22
Accounts receivable, net of reserves of $52 and $58, respectively	339	356
Inventories, net	336	204
Prepaid expenses and other current assets	236	273
Total current assets	42,003	41,566
Right-of-use lease assets	41	75
Intangible assets, net	46	57
Deferred income tax assets	157	152
Total assets	$42,247	$41,850
Liabilities:
Current liabilities:
Accounts payable	223	93
Accrued compensation and commissions	219	264
Income taxes payable	73	41
Other accrued expenses	106	76
Total current liabilities	621	474
Other liabilities	722	694
Total liabilities	1,343	1,168
Contingencies (Note 12)
Stockholders' equity:
Common stock ($0.01 par value; 30,000,000 shares authorized; 5,454,639 shares issued and 5,373,055 shares outstanding as of June 30, 2024 and December 31, 2023)	53	53
Treasury stock, at cost (81,584 shares as of June 30, 2024 and December 31, 2023)	(580)	(580)
Additional paid-in capital	46,367	46,349
Accumulated deficit	(6,902)	(7,060)
Total LGL Group stockholders' equity	38,938	38,762
Non-controlling interests	1,966	1,920
Total stockholders' equity	40,904	40,682
Total liabilities and stockholders' equity	$42,247	$41,850

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.