10-Q Filing

NVE CORP /NEW/ CIK: 724910 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000724910-12-000026`
Period End Date	20120630
Filing Date	20120718
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	nvec-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 34 Cash Flow Statement 36 Comprehensive Income 6

Balance Sheet 62 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`	$1.68M	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Marketable securities, short term	`MarketableSecuritiesCurrent`	$18.90M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	6.00M	shares	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`	4.82M	shares	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $15,000	`AccountsReceivableNetCurrent`	$2.95M	USD	Point-in-time
Common stock shares, issued	`CommonStockSharesIssued`	4.82M	shares	Point-in-time
Inventories	`InventoryNet`	$3.55M	USD	Point-in-time
Inventories	`InventoryNet`	$3.23M	USD	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.82M	shares	Point-in-time
Common stock shares, outstanding	`CommonStockSharesOutstanding`	4.82M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.20M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.17M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$7.88M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$7.49M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$777.59K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$720.88K	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$8.21M	USD	Point-in-time
Gross fixed assets	`PropertyPlantAndEquipmentGross`	$8.65M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.84M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.70M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$2.82M	USD	Point-in-time
Net fixed assets	`PropertyPlantAndEquipmentNet`	$2.51M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$54.45M	USD	Point-in-time
Marketable securities, long term	`MarketableSecuritiesNoncurrent`	$56.66M	USD	Point-in-time
Total assets	`Assets`	$87.57M	USD	Point-in-time
Total assets	`Assets`	$83.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$663.70K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$603.06K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$730.44K	USD	Point-in-time
Accrued payroll and other	`EmployeeRelatedLiabilitiesCurrent`	$867.33K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.40M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$91.30K	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesCurrent`	$136.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.82M	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,824,745 issued and outstanding as of June 30 and March 31, 2012	`CommonStockValue`	$48.25K	USD	Point-in-time
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,824,745 issued and outstanding as of June 30 and March 31, 2012	`CommonStockValue`	$48.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.97M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.09M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$62.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$59.35M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$84.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$81.46M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$87.57M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$83.13M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$7.02M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$7.03M	USD	1 Quarter
Contract research and development	`ContractsRevenue`	$432.16K	USD	1 Quarter
Contract research and development	`ContractsRevenue`	$1.19M	USD	1 Quarter
Total revenue	`Revenues`	$8.21M	USD	1 Quarter
Total revenue	`Revenues`	$7.46M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.60M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.62M	USD	1 Quarter
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$615.83K	USD	1 Quarter
Selling, general , and administrative	`SellingGeneralAndAdministrativeExpense`	$536.11K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$688.03K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$494.88K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.11M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.22M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.44M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.51M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$562.62K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$565.53K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.00M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.07M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.62M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.44M	USD	1 Quarter
Net income per share - basic	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Net income per share - basic	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Net income per share - diluted	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.82M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.78M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.89M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.44M	USD	1 Quarter
Depreciation	`Depreciation`	$139.27K	USD	1 Quarter
Depreciation	`Depreciation`	$113.54K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.95K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.28K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$262.26K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-193.26K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$317.72K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$24.87K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-147.64K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$39.84K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.20M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.21M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.07M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.10M	USD	1 Quarter
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$445.19K	USD	1 Quarter
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$199.37K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$6.20M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.01M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.49M	USD	1 Quarter
Proceeds from maturities and sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$861.40K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.15M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.35M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-51.02K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$725.22K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.49M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$952.21K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.49M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash (refunded) paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash (refunded) paid during the period for income taxes	`IncomeTaxesPaid`	$-2.44K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.44M	USD	1 Quarter
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$101.29K	USD	1 Quarter
Unrealized loss from marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-85.63K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.29M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.54M	USD	1 Quarter

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