INNOVATIVE SOLUTIONS & SUPPORT INC
For the period ended Sep 30, 2023. Filed Jan 12, 2024.
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FY2023 · Filed Jan 12, 2024
IA$21.30+9.5%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
Consolidated Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, · September 30, | ||||||
| · · 2023 · · 2022 | ||||||
| ASSETS | | | | | | |
| Current assets | | | | | | |
| Cash and cash equivalents | | $3,097,193 | | $17,250,546 | ||
| Accounts receivable | | 9,743,714 | | 4,297,457 | ||
| Contract assets | | 487,139 | | 162,742 | ||
| Inventories | | 6,139,713 | | 5,349,104 | ||
| Prepaid inventory | | | 12,069,114 | | | — |
| Prepaid expenses and other current assets | | 1,073,012 | | 1,142,470 | ||
| Assets held for sale | | 2,063,818 | | — | ||
| | | | | | | |
| Total current assets | | 34,673,703 | | 28,202,319 | ||
| | | | | | | |
| Goodwill | | | 3,557,886 | | | — |
| Intangible assets, net | | | 16,185,321 | | | 60,348 |
| Property and equipment, net | | 7,892,427 | | 6,292,189 | ||
| Deferred income taxes | | | 456,392 | | | 46,487 |
| Other assets | | 191,722 | | 103,980 | ||
| | | | | | | |
| Total assets | | $62,957,451 | | $34,705,323 | ||
| | | | | | | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | |
| | | | | | | |
| Current liabilities | | | | | | |
| Current portion of long-term debt | | $2,000,000 | | $— | ||
| Accounts payable | | | 1,337,275 | | | 708,845 |
| Accrued expenses | | 2,918,325 | | 2,972,275 | ||
| Contract liabilities | | 143,359 | | 259,183 | ||
| | | | | | | |
| Total current liabilities | | 6,398,959 | | 3,940,303 | ||
| | | | | | | |
| Long-term debt | | 17,500,000 | | — | ||
| Other liabilities | | | 421,508 | | | 15,065 |
| | | | | | | |
| Total liabilities | | 24,320,467 | | 3,955,368 | ||
| | | | | | | |
| Commitments and contingencies (See Note 16) | | | | | | |
| | | | | | | |
| Shareholders’ equity | | | | | | |
| | | | | | | |
| Preferred stock, 10,000,000 shares authorized, $.001 par value, of which 200,000 shares are authorized as Class A Convertible stock. No shares issued and outstanding at September 30, 2023 and 2022 | | — | | — | ||
| | | | | | | |
| Common stock, $.001 par value: 75,000,000 shares authorized, 19,543,441 and 19,412,664 issued at September 30, 2023 and 2022, respectively | | 19,543 | | 19,413 | ||
| | | | | | | |
| Additional paid-in capital | | 54,317,265 | | 52,458,121 | ||
| Retained earnings (accumulated deficit) | | 5,668,713 | | (359,042) | ||
| Treasury stock, at cost, 2,096,451 shares at September 30, 2023 and at September 30, 2022 | | (21,368,537) | | (21,368,537) | ||
| | | | | | | |
| Total shareholders’ equity | | 38,636,984 | | 30,749,955 | ||
| | | | | | | |
| Total liabilities and shareholders’ equity | | $62,957,451 | | $34,705,323 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.