INNOVATIVE SOLUTIONS & SUPPORT INC
For the period ended Sep 30, 2024. Filed Dec 30, 2024.
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FY2024 · Filed Dec 30, 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, | ||||||
| · · 2024 · · 2023 | ||||||
| · · · · · | ||||||
| ASSETS | | | | | | |
| Current assets | | | | | | |
| Cash and cash equivalents | | $538,977 | | $3,097,193 | ||
| Accounts receivable | | 12,612,482 | | 9,743,714 | ||
| Contract assets | | 1,680,060 | | 487,139 | ||
| Inventories | | | 12,732,381 | | 6,139,713 | |
| Prepaid inventory | | | 5,960,404 | | | 12,069,114 |
| Prepaid expenses and other current assets | | 1,161,394 | | 1,073,012 | ||
| Assets held for sale | | — | | 2,063,818 | ||
| | | | | | | |
| Total current assets | | | 34,685,698 | | | 34,673,703 |
| | | | | | | |
| Goodwill | | | 5,213,104 | | | 3,557,886 |
| Intangible assets, net | | | 27,012,292 | | | 16,185,321 |
| Property and equipment, net | | 13,372,298 | | 7,892,427 | ||
| Deferred income taxes | | | 1,625,144 | | | 456,392 |
| Other assets | | 473,725 | | 191,722 | ||
| | | | | | | |
| Total assets | | $82,382,261 | | $62,957,451 | ||
| | | | | | | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | |
| | | | | | | |
| Current liabilities | | | | | | |
| Current portion of long-term debt | | $— | | $2,000,000 | ||
| Accounts payable | | | 2,315,479 | | | 1,337,275 |
| Accrued expenses | | 4,609,294 | | 2,918,325 | ||
| Contract liability | | | 340,481 | | | 143,359 |
| | | | | | | |
| Total current liabilities | | | 7,265,254 | | | 6,398,959 |
| | | | | | | |
| Long-term debt | | | 28,027,002 | | | 17,500,000 |
| Other liabilities | | | 451,350 | | | 421,508 |
| | | | | | | |
| Total liabilities | | | 35,743,606 | | | 24,320,467 |
| | | | | | | |
| 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, 2024 and September 30, 2023 | | — | | — | ||
| Common stock, $.001 par value: 75,000,000 shares authorized, 19,599,052 and 19,543,441 issued at September 30, 2024 and September 30, 2023, respectively | | | 19,599 | | | 19,543 |
| Additional paid-in capital | | 55,320,500 | | 54,317,265 | ||
| Retained earnings | | 12,667,093 | | 5,668,713 | ||
| Treasury stock, at cost, 2,096,451 shares at September 30, 2024 and at September 30, 2023 | | (21,368,537) | | (21,368,537) | ||
| | | | | | | |
| Total shareholders’ equity | | | 46,638,655 | | | 38,636,984 |
| | | | | | | |
| Total liabilities and shareholders’ equity | | $82,382,261 | | $62,957,451 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.