For the quarter ending 2026-03-31, NSYS has $76,640K in assets. $41,932K in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 1,964 | 1,655 | 1,271 | 652 |
| Assets held for sale | - | - | - | 495 |
| Restricted cash | 244 | - | - | - |
| Accounts receivable, less allowance for credit losses of 205 and 161, respectively | 17,823 | 16,998 | 18,810 | 17,810 |
| Inventories, net | 23,561 | 20,695 | 18,425 | 18,628 |
| Contract assets | 16,010 | 15,184 | 15,328 | 14,984 |
| Prepaid assets and other assets | 1,071 | 1,618 | 5,372 | 5,749 |
| Total current assets | 60,673 | 56,150 | 59,206 | 58,318 |
| Other assets | - | - | - | 61 |
| Property and equipment, net | 5,077 | 5,203 | 5,322 | 5,443 |
| Operating lease assets, net | 6,720 | 7,016 | 7,306 | 7,563 |
| Deferred tax assets | 3,753 | 3,394 | 2,763 | 3,275 |
| Other intangible assets, net | 151 | 156 | 160 | 165 |
| Deferred line of credit issuance costs | 266 | - | - | - |
| Total assets | 76,640 | 71,919 | 74,757 | 74,825 |
| Lines of credit | 7,485 | 7,000 | 12,030 | - |
| Current portion of term loan | 433 | - | - | - |
| Accounts payable | 14,645 | 12,809 | 11,678 | 11,931 |
| Accrued payroll and commissions | 2,708 | 1,822 | 2,402 | 1,752 |
| Customer deposits | 4,672 | 5,386 | 4,716 | 5,176 |
| Current portion of operating leases | 1,309 | 1,332 | 1,319 | 1,237 |
| Notes payable | - | - | - | 0 |
| Current portion of finance lease obligations | 259 | 274 | 239 | 229 |
| Other accrued liabilities | 1,487 | 1,221 | 1,221 | 1,283 |
| Total current liabilities | 32,998 | 29,844 | 33,605 | 21,608 |
| Term loan | 1,743 | - | - | - |
| Long-term operating lease obligations | 6,186 | 6,476 | 6,795 | 7,145 |
| Long-term line of credit | - | - | - | 11,615 |
| Long-term finance lease obligations | 577 | 626 | 713 | 781 |
| Other long-term liabilities | 428 | 426 | 287 | 288 |
| Total long-term liabilities | 8,934 | 7,528 | 7,795 | 19,829 |
| Total liabilities | 41,932 | 37,372 | 41,400 | 41,437 |
| Preferred stock, 1 par value 1,000,000 shares authorized 250,000 shares issued and outstanding | 250 | 250 | 250 | 250 |
| Common stock - 0.01 par value 9,000,000 shares authorized 2,786,134 and 2,786,134 shares issued and outstanding, respectively | 28 | 28 | 28 | 28 |
| Additional paid-in capital | 17,981 | 17,855 | 17,721 | 17,585 |
| Accumulated other comprehensive loss | -640 | -709 | -868 | -847 |
| Retained earnings | 17,089 | 17,123 | 16,226 | 16,372 |
| Total shareholders equity | 34,708 | 34,547 | 33,357 | 33,388 |
| Total liabilities and shareholders equity | 76,640 | 71,919 | 74,757 | 74,825 |
NORTECH SYSTEMS INC (NSYS)
NORTECH SYSTEMS INC (NSYS)