v3.20.2
Electronic Systems Technology, Inc. Balance Sheets (Unaudited) - USD ($)
|
|
|
| Current assets |
|
|
| Cash and cash equivalents |
$ 394,875
|
$ 274,936
|
| Certificates of deposit |
499,999
|
650,000
|
| Accounts receivable, net |
53,402
|
76,959
|
| Inventories |
803,528
|
822,819
|
| Prepaid expenses |
20,395
|
20,910
|
| Accrued interest receivable |
4,590
|
6,540
|
| Total current assets |
1,776,789
|
1,852,164
|
| Property and equipment, net of depreciation |
8,922
|
12,398
|
| Right to use - Lease, net of amortization |
13,214
|
39,641
|
| Total assets |
1,798,925
|
1,904,203
|
| Current liabilities |
|
|
| Accounts payable |
26,041
|
101,548
|
| Refundable deposits |
1,060
|
2,070
|
| Accrued wages and bonus |
3,656
|
0
|
| Accrued vacation pay |
19,105
|
11,165
|
| Lease liability, current portion |
13,214
|
39,641
|
| Other accrued liabilities |
6,742
|
2,485
|
| Total current liabilities |
69,818
|
156,909
|
| Long-term liabilities |
|
|
| CARES Act loan payable (NOTE 8) |
171,712
|
0
|
| Total liabilities |
241,530
|
156,909
|
| Stockholders' equity |
|
|
| Common stock, $0.001 par value 50,000,000 shares authorized 4,946,502 and 4,946,502 shares issued and outstanding respectively |
4,947
|
4,947
|
| Additional paid-in capital |
931,441
|
929,159
|
| Retained earnings |
621,007
|
813,188
|
| Total stockholders' equity |
1,557,395
|
1,747,294
|
| Total liabilities and stockholders' equity |
$ 1,798,925
|
$ 1,904,203
|
| X |
- DefinitionCarrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
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- DefinitionCarrying value as of the balance sheet date of obligations, excluding pension and other postretirement benefits, incurred through that date and payable for perquisites provided to employees pertaining to services received from them. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
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- DefinitionExcess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
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- DefinitionSum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
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- DefinitionAmount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
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| X |
- DefinitionA savings certificate entitling the Entity (that is, bearer) to receive interest at an established maturity date, based upon a fixed interest rate. A certificate of deposit may be issued in any denomination. Certificates of deposit are generally issued by commercial banks and, therefore, insured by the FDIC (up to the prescribed limit). Certificates of deposit generally restrict holders from withdrawing funds on demand without the incurrence of penalties. Generally, only certificates of deposit with original maturities of three months or less qualify as cash equivalents. Original maturity means original maturity to the entity holding the investment. As a related example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months.
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| X |
- DefinitionAggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
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| X |
- DefinitionCarrying amount as of the balance sheet date of proceeds that had been received in revenue related transactions that are refundable to the customers and do not meet the criteria for revenue recognition (for example, refundable membership fees).
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| X |
- DefinitionCarrying amount as of the balance sheet date of current interest earned but not received. Also called accrued interest or accrued interest receivable. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer.
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- DefinitionSum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
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- DefinitionThe total amount due within more than 12 month, or the operating cycle if longer, on all notes payable to banks paid on an installment. This can include the amount of any loans from the applicant firm. This does not, however, include any mortgage balances.
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| X |
- DefinitionAmount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
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