PASSUR Aerospace, Inc.

2022 Q3 Form 10-Q Financial Statement

#000109690622002203 Filed on September 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $216.6K $219.1K $754.9K
YoY Change -92.82% -93.61% -60.57%
Cash & Equivalents $216.6K
Short-Term Investments
Other Short-Term Assets $299.5K $423.0K $276.8K
YoY Change 35.0% 32.98% 36.84%
Inventory
Prepaid Expenses
Receivables $911.2K $1.008M $566.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.427M $1.651M $1.598M
YoY Change -61.87% -62.16% -41.22%
LONG-TERM ASSETS
Property, Plant & Equipment $15.12K $324.3K $363.1K
YoY Change -94.93% 1.17% -9.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.72K $45.72K $45.72K
YoY Change -12.88% 7.83% -13.49%
Total Long-Term Assets $707.6K $864.7K $1.025M
YoY Change -41.5% -35.63% -34.04%
TOTAL ASSETS
Total Short-Term Assets $1.427M $1.651M $1.598M
Total Long-Term Assets $707.6K $864.7K $1.025M
Total Assets $2.135M $2.515M $2.623M
YoY Change -56.9% -55.91% -38.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $725.6K $702.6K $996.8K
YoY Change -6.3% -41.75% -19.88%
Accrued Expenses $1.552M $1.202M $851.6K
YoY Change -47.58% -63.84% -53.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.319M $3.037M $2.827M
YoY Change -34.34% -46.89% -33.4%
LONG-TERM LIABILITIES
Long-Term Debt $12.49M $11.69M $10.69M
YoY Change 16.84% 9.35% 0.0%
Other Long-Term Liabilities $407.5K $452.1K $472.9K
YoY Change 11.41% -0.48% -7.69%
Total Long-Term Liabilities $12.90M $12.14M $11.16M
YoY Change 16.66% 8.95% -0.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.319M $3.037M $2.827M
Total Long-Term Liabilities $12.90M $12.14M $11.16M
Total Liabilities $16.22M $15.18M $13.99M
YoY Change 0.66% -9.98% -9.43%
SHAREHOLDERS EQUITY
Retained Earnings -$31.16M
YoY Change
Common Stock $84.96K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.934M
YoY Change
Treasury Stock Shares 784.4K shares
Shareholders Equity -$14.08M -$12.67M -$11.37M
YoY Change
Total Liabilities & Shareholders Equity $2.135M $2.515M $2.623M
YoY Change -56.9% -55.91% -38.61%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Address City Or Town
EntityAddressCityOrTown
Orlando
dei Entity Central Index Key
EntityCentralIndexKey
0000225628
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32817
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7712091 shares
dei Document Period End Date
DocumentPeriodEndDate
2022-07-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-7642
dei Entity Registrant Name
EntityRegistrantName
PASSUR AEROSPACE, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
11-2208938
dei Entity Address Address Line1
EntityAddressAddressLine1
3452 Lake Lynda Dr
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 190
dei City Area Code
CityAreaCode
203
dei Local Phone Number
LocalPhoneNumber
622-4086
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7712091 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
216570 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1569587 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
911195 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
808611 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
299530 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
247940 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
1427295 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
2626138 usd
CY2022Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
373250 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
737600 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15115 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92905 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
273533 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
334866 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
45719 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
45719 usd
CY2022Q3 us-gaap Assets
Assets
2134912 usd
CY2021Q4 us-gaap Assets
Assets
3837228 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
725630 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
731767 usd
CY2022Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
0 usd
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
866560 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1552377 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
678063 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
89701 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
86195 usd
CY2022Q3 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
136131 usd
CY2021Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
173939 usd
CY2022Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
12491625 usd
CY2021Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
10691625 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
271353 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
331168 usd
CY2022Q3 us-gaap Liabilities
Liabilities
16218389 usd
CY2021Q4 us-gaap Liabilities
Liabilities
14879176 usd
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
951572 usd
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1319859 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
3319280 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3682444 usd
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Cost Of Revenue
CostOfRevenue
579491 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
91050 usd
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8496526 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8496526 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8496526 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8496526 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
84964 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
84964 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
18923283 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
18670969 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-31158046 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-27864203 usd
CY2022Q3 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
-12149799 usd
CY2021Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
-9108270 usd
CY2022Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
784435 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
784435 shares
CY2022Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1933678 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1933678 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-14083477 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-11041948 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2134912 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3837228 usd
CY2022Q3 us-gaap Revenues
Revenues
1483960 usd
CY2021Q3 us-gaap Revenues
Revenues
1509808 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
1227394 usd
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55802 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1353213 usd
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
672399 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
2671657 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
1307692 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1187697 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
202116 usd
CY2022Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
301608 usd
CY2021Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
266400 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1489305 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-64284 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-1489305 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-64284 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7712091 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7712091 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7712091 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7712091 shares
us-gaap Revenues
Revenues
4340577 usd
us-gaap Revenues
Revenues
4669573 usd
us-gaap Cost Of Revenue
CostOfRevenue
3111778 usd
us-gaap Cost Of Revenue
CostOfRevenue
1714615 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
247977 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
156685 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3441903 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1987183 usd
us-gaap Operating Expenses
OperatingExpenses
6801658 usd
us-gaap Operating Expenses
OperatingExpenses
3858483 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2461081 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
811090 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
832762 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
790513 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3293843 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20577 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Net Income Loss
NetIncomeLoss
-3293843 usd
us-gaap Net Income Loss
NetIncomeLoss
20577 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7712091 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7712091 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7712091 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7748451 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-11041948 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
103570 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-429775 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-11368153 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
77052 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1374763 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-12665864 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
71692 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-1489305 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-14083477 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-11357913 usd
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47026 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
135397 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-11175490 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
66621 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-50536 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-11159405 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
64501 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-64284 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-11159188 usd
us-gaap Net Income Loss
NetIncomeLoss
-3293843 usd
us-gaap Net Income Loss
NetIncomeLoss
20577 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
442681 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
539066 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-86325 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-43905 usd
fil Federal Stimulus Credits Utilized
FederalStimulusCreditsUtilized
-789108 usd
fil Federal Stimulus Credits Utilized
FederalStimulusCreditsUtilized
-3377105 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
252314 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
178148 usd
fil Operating Lease Assets Liability Net1
OperatingLeaseAssetsLiabilityNet1
5024 usd
fil Operating Lease Assets Liability Net1
OperatingLeaseAssetsLiabilityNet1
-92536 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
16259 usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-200278 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
52131 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
61955 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-550 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6137 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-712419 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
796862 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
95499 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-406095 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
88419 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-140826 usd
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
3185960 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3153017 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3165383 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
61014 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-61014 usd
fil Proceeds Under Federal Stimulus Grant Program Rounded
ProceedsUnderFederalStimulusGrantProgramRounded
0 usd
fil Proceeds Under Federal Stimulus Grant Program Rounded
ProceedsUnderFederalStimulusGrantProgramRounded
3494392 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1800000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1800000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3494392 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1353017 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
267995 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1569587 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2748066 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
216570 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3016061 usd
us-gaap Interest Paid
InterestPaid
0 usd
us-gaap Interest Paid
InterestPaid
790512 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt"><b>1.</b></kbd><span style="border-bottom:1px solid #000000"><b>Nature of Business</b></span> </p> <p style="font:10pt Times New Roman;margin:0;margin-right:-13.3pt;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">PASSUR<span style="vertical-align:super">®</span> Aerospace, Inc. (“PASSUR” or the “Company”), a New York corporation founded in 1967, is a business intelligence company, providing predictive analytics and decision support technology for the aviation industry primarily to improve the operational performance and cash flow of airlines, airports, fixed based operators (FBOs) and air navigation service providers (ANSPs). The Company provides a cloud-based platform, ARiVA™, that manages and optimizes operations for our customers.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">PASSUR delivers digital solutions to global aviation operations, meeting the needs of global air travel as well as supporting the recovery of the aviation industry from the COVID-19 crisis. The structure and execution of operations within the aviation industry have fundamentally changed as a result of this crisis due to the significant change in the economics required to support current conditions, return to normal operations and profitability, and assist in mitigating health risks.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">PASSUR continues to apply artificial intelligence powered by machine learning to aviation data, addressing the industry’s most costly challenges, including the management and optimization of airspace, airport assets, aircraft, and day of flight operations.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company provides its solutions to airlines and airports in the United States, as well as an airline in Latin America. The global market presents an opportunity to network more customers in a broader market. Solutions offered by PASSUR help to ensure flight completion. They cover the entire flight life cycle, from gate to gate, and result in reductions in overall costs and carbon emissions, while maximizing revenue opportunities, improving operational efficiency, and enhancing the passenger experience.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company is a supplier and partner to the air transportation industry. While many of the Company’s customers are experiencing increases in air travel volume, spending to invest in programs to promote operational efficiencies and productivity usually lag such increases. As a result, the Company experienced downturns in its revenues year-to-date in fiscal 2022 and for the fiscal year 2021. The Company continues to believe that its products and professional service engagements are critical to the efficient operation of the air transportation market. See Part II, Item 1A, “Risk Factors”, in this Quarterly Report on Form 10-Q.</p>
CY2022Q3 fil Current Assets Exceed Current Liabilities Excluding Deferred Revenue
CurrentAssetsExceedCurrentLiabilitiesExcludingDeferredRevenue
940000 usd
us-gaap Proceeds From Grantors
ProceedsFromGrantors
833000 usd
CY2022Q3 fil Stockholders Equity Rounded
StockholdersEquityRounded
14083000 usd
fil Net Income Loss Rounded
NetIncomeLossRounded
-3294000 usd
CY2022Q3 fil Accrued Liabilities And Other Liabilities Rounded
AccruedLiabilitiesAndOtherLiabilitiesRounded
0 usd
CY2021Q4 fil Accrued Liabilities And Other Liabilities Rounded
AccruedLiabilitiesAndOtherLiabilitiesRounded
856000 usd
fil Federal Stimulus Credits Utilized Rounded
FederalStimulusCreditsUtilizedRounded
0 usd
fil Federal Stimulus Credits Utilized Rounded
FederalStimulusCreditsUtilizedRounded
1189000 usd
CY2021Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
364000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7748451 shares
us-gaap Use Of Estimates
UseOfEstimates
<p style="font:10pt Times New Roman;margin:0;text-indent:9pt;margin-left:-9pt;margin-right:-13.3pt;color:#000000;text-align:justify"><b>Use of Estimates</b></p> <p style="font:10pt Times New Roman;margin:0;margin-right:-9.9pt;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s significant estimates include those related to revenue recognition, stock-based compensation, software development costs, the PASSUR Network and income taxes. Actual results could differ from those estimates.</p>
CY2022Q3 fil Revenues Rounded
RevenuesRounded
1484000 usd
CY2021Q3 fil Revenues Rounded
RevenuesRounded
1510000 usd
fil Revenues Rounded
RevenuesRounded
4341000 usd
fil Revenues Rounded
RevenuesRounded
4670000 usd
CY2022Q3 fil Revenues Rounded
RevenuesRounded
1484000 usd
CY2021Q3 fil Revenues Rounded
RevenuesRounded
1510000 usd
fil Revenues Rounded
RevenuesRounded
4341000 usd
fil Revenues Rounded
RevenuesRounded
4670000 usd
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
720000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
89000 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
1494000 usd
CY2022Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
745000 usd
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
166000 usd
CY2022Q3 us-gaap Deferred Revenue
DeferredRevenue
1088000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
364000 usd
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1452500 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1472500 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1452500 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1277500 shares
us-gaap Short Term Lease Cost
ShortTermLeaseCost
56555 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2093 usd
us-gaap Share Based Compensation
ShareBasedCompensation
37000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
65000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q3 fil Income Tax Expense Benefit Percentage
IncomeTaxExpenseBenefitPercentage
0 pure
fil Income Tax Expense Benefit Percentage
IncomeTaxExpenseBenefitPercentage
0 pure
CY2022Q3 fil Net Income Loss Rounded
NetIncomeLossRounded
-1489000 usd
fil Net Income Loss Rounded
NetIncomeLossRounded
-3294000 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q3 fil Income Tax Expense Benefit Percentage
IncomeTaxExpenseBenefitPercentage
0 pure
fil Income Tax Expense Benefit Percentage
IncomeTaxExpenseBenefitPercentage
0 pure
CY2021Q3 fil Net Income Loss Rounded
NetIncomeLossRounded
-64000 usd
fil Net Income Loss Rounded
NetIncomeLossRounded
21000 usd
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
166000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
89000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
52000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
183000 usd
CY2022Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
121500 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
121500 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
26812000 usd
CY2021Q4 fil Operating Loss Carryforwards Indefinite Lived
OperatingLossCarryforwardsIndefiniteLived
14032000 usd
CY2021Q4 fil Operating Loss Carryforwards Will Expire In Various Tax Years
OperatingLossCarryforwardsWillExpireInVariousTaxYears
12780000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7712091 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7712091 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7712091 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7712091 shares
CY2022Q3 fil Effect Of Dilutive Stock Options
EffectOfDilutiveStockOptions
0 shares
CY2021Q3 fil Effect Of Dilutive Stock Options
EffectOfDilutiveStockOptions
0 shares
fil Effect Of Dilutive Stock Options
EffectOfDilutiveStockOptions
0 shares
fil Effect Of Dilutive Stock Options
EffectOfDilutiveStockOptions
36360 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7712091 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7712091 shares
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
31441 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
46969 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
85806 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
144104 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3398 usd
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
17848 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
10335 usd
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1414 usd
us-gaap Variable Lease Cost
VariableLeaseCost
6338 usd
us-gaap Variable Lease Cost
VariableLeaseCost
8867 usd
fil Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
106392 usd
fil Right Of Use Assets Obtained In Exchange For New Operating Lease Liabilities
RightOfUseAssetsObtainedInExchangeForNewOperatingLeaseLiabilities
0 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M7D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0975 pure
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
29713 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
117944 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
116657 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
96523 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
57806 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
9873 usd
CY2022Q3 fil Operating Lease Liability Gross
OperatingLeaseLiabilityGross
428516 usd
CY2022Q3 fil Operating Leases Future Minimum Payments Interest Included In Payments
OperatingLeasesFutureMinimumPaymentsInterestIncludedInPayments
67462 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
361054 usd
CY2022Q3 fil Operating Lease Obligations Maturities Repayments Of Principal Remainder Of Fiscal Year
OperatingLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
28180 usd
CY2022Q3 fil Operating Lease Obligations Maturities Repayments Of Principal In Year Two
OperatingLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
113495 usd
CY2022Q3 fil Operating Lease Obligations Maturities Repayments Of Principal In Year Three
OperatingLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
115082 usd
CY2022Q3 fil Operating Lease Obligations Maturities Repayments Of Principal In Year Four
OperatingLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
96523 usd
CY2022Q3 fil Operating Lease Obligations Maturities Repayments Of Principal In Year Five
OperatingLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
57806 usd
CY2022Q3 fil Operating Lease Obligations Maturities Repayments Of Principal Thereafter
OperatingLeaseObligationsMaturitiesRepaymentsOfPrincipalThereafter
9873 usd
CY2022Q3 fil Operating Lease Obligations Maturities Repayments Of Principal
OperatingLeaseObligationsMaturitiesRepaymentsOfPrincipal
420959 usd
CY2022Q3 fil Interest Rate On Related Party Note Payable
InterestRateOnRelatedPartyNotePayable
0.0975 pure
fil Interest Paid Rounded
InterestPaidRounded
791000 usd
fil Operating Income Loss Rounded
OperatingIncomeLossRounded
2461000 usd
CY2022Q3 fil Current Assets Exceed Current Liabilities Excluding Deferred Revenue
CurrentAssetsExceedCurrentLiabilitiesExcludingDeferredRevenue
940000 usd

Files In Submission

Name View Source Status
0001096906-22-002203-index-headers.html Edgar Link pending
0001096906-22-002203-index.html Edgar Link pending
0001096906-22-002203.txt Edgar Link pending
0001096906-22-002203-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
pssr-20220731.htm Edgar Link pending
pssr-20220731.xsd Edgar Link pending
pssr_ex10z4.htm Edgar Link pending
pssr_ex10z5.htm Edgar Link pending
pssr_ex10z6.htm Edgar Link pending
pssr_ex31z1.htm Edgar Link pending
pssr_ex31z2.htm Edgar Link pending
pssr_ex32z1.htm Edgar Link pending
pssr_ex32z2.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
pssr-20220731_cal.xml Edgar Link unprocessable
pssr-20220731_def.xml Edgar Link unprocessable
pssr-20220731_pre.xml Edgar Link unprocessable
pssr-20220731_lab.xml Edgar Link unprocessable
pssr-20220731_htm.xml Edgar Link completed
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending