10-K Filing

NVE CORP /NEW/ CIK: 724910 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0000724910-12-000011`
Period End Date	20120331
Filing Date	20120502
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	nvec-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 51 Cash Flow Statement 68 Stockholders Equity 25

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.00K	USD	Point-in-time
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	6.00M	shares	Point-in-time
Marketable securities, short term	`MarketableSecuritiesCurrent`	$17.55M	USD	Point-in-time
Marketable securities, short term	`MarketableSecuritiesCurrent`	$7.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	6.00M	shares	Point-in-time
Common stock shares, issued	`CommonStockSharesIssued`	4.82M	shares	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $15,000	`AccountsReceivableNetCurrent`	$3.60M	USD	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $15,000	`AccountsReceivableNetCurrent`	$2.68M	USD	Point-in-time
Common stock shares, issued	`CommonStockSharesIssued`	4.78M	shares	Point-in-time
Inventories	`InventoryNet`	$3.23M	USD	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.78M	shares	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.82M	shares	Point-in-time
Inventories	`InventoryNet`	$3.34M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.19M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.05M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$6.18M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$7.49M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$720.88K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$612.68K	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$8.21M	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$6.79M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.26M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.70M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$1.53M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$2.51M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$53.26M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$54.45M	USD	Point-in-time
Total assets	`Assets`	$83.13M	USD	Point-in-time
Total assets	`Assets`	$71.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$731.58K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$663.70K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$867.33K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$987.40K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$136.87K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$146.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.87M	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,824,745 issued and outstanding as of March 31, 2012 and 4,776,198 issued and outstanding as of March 31, 2011	`CommonStockValue`	$47.76K	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,824,745 issued and outstanding as of March 31, 2012 and 4,776,198 issued and outstanding as of March 31, 2011	`CommonStockValue`	$48.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.06M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$59.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$69.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$81.46M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$83.13M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$71.84M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$26.02M	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$22.67M	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$25.15M	USD	Annual
Contract research and development	`ContractsRevenue`	$3.43M	USD	Annual
Contract research and development	`ContractsRevenue`	$5.48M	USD	Annual
Contract research and development	`ContractsRevenue`	$5.17M	USD	Annual
Total revenue	`Revenues`	$28.58M	USD	Annual
Total revenue	`Revenues`	$28.15M	USD	Annual
Total revenue	`Revenues`	$31.20M	USD	Annual
Cost of sales	`CostOfRevenue`	$9.33M	USD	Annual
Cost of sales	`CostOfRevenue`	$9.78M	USD	Annual
Cost of sales	`CostOfRevenue`	$8.31M	USD	Annual
Gross profit	`GrossProfit`	$19.83M	USD	Annual
Gross profit	`GrossProfit`	$21.41M	USD	Annual
Gross profit	`GrossProfit`	$19.25M	USD	Annual
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$2.38M	USD	Annual
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$2.41M	USD	Annual
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$2.47M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.27M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.60M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.12M	USD	Annual
Total expenses	`OperatingExpenses`	$3.74M	USD	Annual
Total expenses	`OperatingExpenses`	$3.54M	USD	Annual
Total expenses	`OperatingExpenses`	$4.98M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$16.30M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$17.67M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$14.27M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.62M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.35M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.02M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.69M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.92M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.62M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.92M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.33M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.24M	USD	Annual
Net income	`NetIncomeLoss`	$11.38M	USD	Annual
Net income	`NetIncomeLoss`	$13.36M	USD	Annual
Net income	`NetIncomeLoss`	$12.00M	USD	Annual
Net income per share - basic	`EarningsPerShareBasic`	$2.37	USD	Annual
Net income per share - basic	`EarningsPerShareBasic`	$2.83	USD	Annual
Net income per share - basic	`EarningsPerShareBasic`	$2.56	USD	Annual
Net income per share - diluted	`EarningsPerShareDiluted`	$2.47	USD	Annual
Net income per share - diluted	`EarningsPerShareDiluted`	$2.34	USD	Annual
Net income per share - diluted	`EarningsPerShareDiluted`	$2.76	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.73M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.80M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.69M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.86M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.86M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.84M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.38M	USD	Annual
Net income	`NetIncomeLoss`	$13.36M	USD	Annual
Net income	`NetIncomeLoss`	$12.00M	USD	Annual
Depreciation	`Depreciation`	$389.27K	USD	Annual
Depreciation	`Depreciation`	$411.55K	USD	Annual
Depreciation	`Depreciation`	$500.12K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$80.16K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$100.84K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$76.72K	USD	Annual
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$280.45K	USD	Annual
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	Annual
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$230.17K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$271.65K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$294.38K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-12.85K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-911.40K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-625.33K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$854.87K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-541.19K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-114.48K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.64M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-25.45K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$404.01K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$111.99K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-187.95K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$332.33K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$491.95K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-20.83K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-83.33K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.46M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.81M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.81M	USD	Annual
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.48M	USD	Annual
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$305.86K	USD	Annual
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$732.80K	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$13.80M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$14.74M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$18.50M	USD	Annual
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$258.23K	USD	Annual
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$7.76M	USD	Annual
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.58M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.85M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.89M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.22M	USD	Annual
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$36.00	USD	Annual
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$622.42K	USD	Annual
Net proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$418.70K	USD	Annual
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$280.45K	USD	Annual
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$230.17K	USD	Annual
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$902.87K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$648.88K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$36.00	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-437.08K	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$592.33K	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-485.77K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Cash (refunded) paid during the period for income taxes	`IncomeTaxesPaid`	$6.30M	USD	Annual
Cash (refunded) paid during the period for income taxes	`IncomeTaxesPaid`	$5.59M	USD	Annual
Cash (refunded) paid during the period for income taxes	`IncomeTaxesPaid`	$5.21M	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$69.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.57M	USD	Point-in-time
Exercise of stock options and warrants	`StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised`	$36.00	USD	Annual
Exercise of stock options and warrants	`StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised`	$622.42K	USD	Annual
Exercise of stock options and warrants	`StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised`	$418.70K	USD	Annual
Unrealized (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$27.02K	USD	Annual
Unrealized (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-69.29K	USD	Annual
Unrealized (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.38M	USD	Annual
Net income	`NetIncomeLoss`	$11.38M	USD	Annual
Net income	`NetIncomeLoss`	$13.36M	USD	Annual
Net income	`NetIncomeLoss`	$12.00M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.29M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$11.41M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.38M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$100.84K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$80.16K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$76.72K	USD	Annual
Tax benefit of stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$280.45K	USD	Annual
Tax benefit of stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$230.17K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$69.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.57M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.