$ELST
ELECTRONIC SYSTEMS TECHNOLOGY INC Stock $elst

$elst Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000107997323000346 Filed on March 15, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$305.1K	$533.9K	$1.910M
YoY Change	-35.38%	42.68%	26.32%
Cost Of Revenue	$139.6K	$270.0K	$881.4K
YoY Change	-33.5%	36.6%	18.43%
Gross Profit	$165.5K	$263.8K	$1.029M
YoY Change	-36.88%	49.48%	33.98%
Gross Profit Margin	54.26%	49.42%	53.85%
Selling, General & Admin	$233.0K
YoY Change	4.98%
% of Gross Profit	140.76%
Research & Development	$28.66K		$163.2K
YoY Change	-37.39%		-23.17%
% of Gross Profit	17.32%		15.86%
Depreciation & Amortization	$40.00	$110.00	$440.00
YoY Change	-63.64%	-91.54%	-91.49%
% of Gross Profit	0.02%	0.04%	0.04%
Operating Expenses	$261.7K	$232.7K	$950.3K
YoY Change	-2.27%	-4.66%	-0.76%
Operating Profit	-$96.13K	$31.16K	$78.31K
YoY Change	1660.55%	-146.13%	-141.25%
Interest Expense	$4.000K	$2.760K	$5.220K
YoY Change	716.33%	441.18%	109.64%
% of Operating Profit		8.86%	6.67%
Other Income/Expense, Net		$63.00K	$63.00K
YoY Change
Pretax Income	-$92.12K	$96.92K	$146.5K
YoY Change	1757.34%	-244.57%	57.58%
Income Tax		$0.00	$0.00
% Of Pretax Income		0.0%	0.0%
Net Earnings	-$92.12K	$96.92K	$146.5K
YoY Change	1757.34%	-244.57%	57.58%
Net Earnings / Revenue	-30.2%	18.15%	7.67%
Basic Earnings Per Share	-$0.02		$0.03
Diluted Earnings Per Share	-$0.02	$0.02	$0.03
COMMON SHARES
Basic Shares Outstanding	4.947M shares	4.947M shares	4.947M shares
Diluted Shares Outstanding	4.947M shares		4.947M shares

Balance Sheet

Concept	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$844.1K	$1.003M	$1.003M
YoY Change	-23.31%	-5.0%	-5.0%
Cash & Equivalents	$592.4K	$751.1K	$751.1K
Short-Term Investments	$251.7K	$251.7K	$251.7K
Other Short-Term Assets	$99.90K	$105.6K	$105.6K
YoY Change	144.25%	333.09%	333.09%
Inventory	$729.3K	$725.5K	$725.5K
Prepaid Expenses	$36.90K	$42.63K
Receivables	$107.8K	$141.4K	$141.4K
Other Receivables	$680.00	$810.00	$810.00
Total Short-Term Assets	$1.782M	$1.976M	$1.976M
YoY Change	3.71%	13.04%	13.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.876K	$914.00	$70.33K
YoY Change	-52.13%	-96.98%	132.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$69.86K	$70.33K	$70.34K
YoY Change	238.8%	132.28%	132.3%
TOTAL ASSETS
Total Short-Term Assets	$1.782M	$1.976M	$1.976M
Total Long-Term Assets	$69.86K	$70.33K	$70.34K
Total Assets	$1.852M	$2.046M	$2.046M
YoY Change	6.5%	15.07%	15.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$64.08K	$139.0K	$139.0K
YoY Change	28.94%	93.99%	94.0%
Accrued Expenses	$72.12K	$89.66K	$89.66K
YoY Change	35.84%	138.77%	138.77%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$136.2K	$228.7K	$228.7K
YoY Change	32.5%	66.12%	66.12%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$20.20K	$30.46K	$30.46K
YoY Change
Total Long-Term Liabilities	$20.20K	$30.46K	$30.46K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$136.2K	$228.7K	$228.7K
Total Long-Term Liabilities	$20.20K	$30.46K	$30.46K
Total Liabilities	$156.4K	$259.1K	$259.1K
YoY Change	52.15%	88.25%	88.25%
SHAREHOLDERS EQUITY
Retained Earnings	$757.9K	$850.0K
YoY Change		20.83%
Common Stock	$4.947K	$4.947K
YoY Change		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.695M	$1.787M	$1.787M
YoY Change
Total Liabilities & Shareholders Equity	$1.852M	$2.046M	$2.046M
YoY Change	6.5%	15.07%	15.07%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	-$92.12K	$96.92K	$146.5K
YoY Change	1757.34%	-244.57%	57.58%
Depreciation, Depletion And Amortization	$40.00	$110.00	$440.00
YoY Change	-63.64%	-91.54%	-91.49%
Cash From Operating Activities	-$149.7K	$42.62K	-$44.84K
YoY Change	-393.42%	-133.31%	-133.98%
INVESTING ACTIVITIES
Capital Expenditures	$9.000K	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$148.9K	$148.3K
YoY Change	-100.0%	-199.25%	48.3%
Cash From Investing Activities	-$9.000K	$148.9K	$148.3K
YoY Change	-106.0%	-198.54%	49.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		-1.990K	-$7.956K
YoY Change		-82.93%	-106.82%
NET CHANGE
Cash From Operating Activities	-$149.7K	42.62K	-$44.84K
Cash From Investing Activities	-$9.000K	148.9K	$148.3K
Cash From Financing Activities		-1.990K	-$7.956K
Net Change In Cash	-$158.7K	189.5K	$95.50K
YoY Change	-181.36%	-165.19%	-72.52%
FREE CASH FLOW
Cash From Operating Activities	-$149.7K	$42.62K	-$44.84K
Capital Expenditures	$9.000K	$0.00	$0.00
Free Cash Flow	-$158.7K	$42.62K	-$44.84K
YoY Change	-411.06%	-133.59%	-133.7%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0000752294
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	000-27793
CY2022	dei	Entity Registrant Name EntityRegistrantName	ELECTRONIC SYSTEMS TECHNOLOGY INC.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	WA
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	91-1238077
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	415 N. Roosevelt St.
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	STE B1
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Kennewick
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	WA
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	99336
CY2022	dei	City Area Code CityAreaCode	(509)
CY2022	dei	Local Phone Number LocalPhoneNumber	735-9092
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Public Float EntityPublicFloat	861449	usd
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	4946502	shares
CY2022	dei	Auditor Name AuditorName	Assure CPA, LLC.
CY2022	dei	Auditor Location AuditorLocation	Spokane, Washington
CY2022	dei	Auditor Firm AuditorFirmId	444
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	751118	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	655616	usd
CY2022Q4	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	251699	usd
CY2021Q4	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	400000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	141394	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	166303	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	725478	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	501833	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	42627	usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	24387	usd
CY2022Q4	fil	Employee Retention Tax Credit Receivable Note10 EmployeeRetentionTaxCreditReceivableNote10	63000	usd
CY2021Q4	fil	Employee Retention Tax Credit Receivable Note10 EmployeeRetentionTaxCreditReceivableNote10	0	usd
CY2022Q4	us-gaap	Interest Receivable Current InterestReceivableCurrent	808	usd
CY2021Q4	us-gaap	Interest Receivable Current InterestReceivableCurrent	35	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	1976124	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	1748174	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	914	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1358	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	69419	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	28922	usd
CY2022Q4	us-gaap	Assets Assets	2046457	usd
CY2021Q4	us-gaap	Assets Assets	1778454	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	138996	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	71645	usd
CY2022Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	24777	usd
CY2021Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	9114	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	39120	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	28438	usd
CY2022Q4	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	16846	usd
CY2021Q4	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	13613	usd
CY2022Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	8913	usd
CY2021Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	14827	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	228652	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	137637	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	30457	usd
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	usd
CY2022Q4	us-gaap	Liabilities Liabilities	259109	usd
CY2021Q4	us-gaap	Liabilities Liabilities	137637	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4946502	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4946502	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4946502	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4946502	shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	4947	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	4947	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	932412	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	932412	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	849989	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	703458	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1787348	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	1640817	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2046457	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1778454	usd
CY2022	us-gaap	Revenues Revenues	1910061	usd
CY2021	us-gaap	Revenues Revenues	1512028	usd
CY2022	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	881409	usd
CY2021	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	744246	usd
CY2022	us-gaap	Gross Profit GrossProfit	1028652	usd
CY2021	us-gaap	Gross Profit GrossProfit	767782	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	950338	usd
CY2021	us-gaap	Operating Expenses OperatingExpenses	957654	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	78314	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	-189872	usd
CY2022	us-gaap	Interest Income Money Market Deposits InterestIncomeMoneyMarketDeposits	5217	usd
CY2021	us-gaap	Interest Income Money Market Deposits InterestIncomeMoneyMarketDeposits	2488	usd
CY2022	fil	Gain On Employee Retention Credit Note10 GainOnEmployeeRetentionCreditNote10	63000	usd
CY2021	fil	Gain On Employee Retention Credit Note10 GainOnEmployeeRetentionCreditNote10	0	usd
CY2022	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2021	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	280373	usd
CY2022	us-gaap	Other Income OtherIncome	68217	usd
CY2021	us-gaap	Other Income OtherIncome	282861	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	146531	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	92989	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	146531	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	92989	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7956	usd
CY2022	fil	Basic And Diluted Net Income Loss Per Share BasicAndDilutedNetIncomeLossPerShare	0.03
CY2021	fil	Basic And Diluted Net Income Loss Per Share BasicAndDilutedNetIncomeLossPerShare	0.02
CY2022	fil	Basic And Diluted Weighted Average Shares Used In Computing Net Income Loss Per Share BasicAndDilutedWeightedAverageSharesUsedInComputingNetIncomeLossPerShare	4946502	shares
CY2021	fil	Basic And Diluted Weighted Average Shares Used In Computing Net Income Loss Per Share BasicAndDilutedWeightedAverageSharesUsedInComputingNetIncomeLossPerShare	4946502	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	1546858	usd
CY2021	us-gaap	Profit Loss ProfitLoss	92989	usd
CY2021	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	970	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	1640817	usd
CY2022	us-gaap	Profit Loss ProfitLoss	146531	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1787348	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	146531	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	92989	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	444	usd
CY2021	us-gaap	Depreciation And Amortization DepreciationAndAmortization	5169	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	0	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	970	usd
CY2022	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-0	usd
CY2021	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	280373	usd
CY2022	fil	Gain On Employee Retention Tax Credit GainOnEmployeeRetentionTaxCredit	63000	usd
CY2021	fil	Gain On Employee Retention Tax Credit GainOnEmployeeRetentionTaxCredit	-0	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-24909	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-122581	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	223645	usd
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-129873	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	18241	usd
CY2021	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-3702	usd
CY2022	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	773	usd
CY2021	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-4624	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	67351	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	49572	usd
CY2022	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	21581	usd
CY2021	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	2865	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-44843	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	131972	usd
CY2022	us-gaap	Payments For Proceeds From Other Interest Earning Assets PaymentsForProceedsFromOtherInterestEarningAssets	1002283	usd
CY2021	us-gaap	Payments For Proceeds From Other Interest Earning Assets PaymentsForProceedsFromOtherInterestEarningAssets	400000	usd
CY2022	us-gaap	Proceeds From Payments For In Interest Bearing Deposits In Banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks	1150584	usd
CY2021	us-gaap	Proceeds From Payments For In Interest Bearing Deposits In Banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks	499999	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	-0	usd
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1082	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	148301	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	98917	usd
CY2022	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	7956	usd
CY2021	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	13638	usd
CY2022	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	0	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	116617	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	95502	usd
CY2021	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	130255	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	347506	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	655616	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	308110	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	751118	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	655616	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	78757	usd
CY2021	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	usd
CY2022	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_848_eus-gaap--NatureOfOperations_z03YdmChqdcd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><span style="text-decoration: underline"><span id="xdx_868_z5k2Pe6KG3V6">Business Organization</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company was incorporated under the laws of the State of Washington on <span id="xdx_902_edei--EntityIncorporationDateOfIncorporation_dd_c20220101__20221231_zFemjq4zhaUa" title="Entity Incorporation, Date of Incorporation">February 10, 1984</span>, primarily to develop, produce, sell and distribute wireless modems that will allow communication between peripherals via radio frequency waves.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Effective September 13, 2007, the Company announced their establishment of a “doing business as” or dba structure, based on the Company’s registered trade name of ESTeem® Wireless Modems.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
CY2022	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	1984-02-10
CY2022	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zT198pSAP1vb" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><span style="text-decoration: underline"><span id="xdx_862_zTtaczrsMe6d">Concentrations and Credit Risks</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company places its cash with three major financial institutions. During the period, the Company had cash balances that were in excess of federally insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company purchases certain key components necessary for the production of its products from a limited number of suppliers. The components provided by the suppliers could be replaced or substituted by other products. It is possible that if this action became necessary, an interruption of production and/or material cost expenditures could take place.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2022	us-gaap	Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts	<p id="xdx_844_eus-gaap--FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts_zepwl03iIQi1" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><span style="text-decoration: underline"><span id="xdx_868_z1xi9J2dYAj9">Allowance for Uncollectible Accounts</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company uses the allowance method to account for estimated uncollectible accounts receivable. Accounts receivable are presented net of an allowance for doubtful accounts. As of December 31, 2022 and 2021, the Company’s estimate of doubtful accounts was zero. The Company’s policy for writing off past due accounts receivable is based on the time past due and responses received from the subject customer.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
CY2022	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p id="xdx_844_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z5TcGpGr8ZGa" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><span style="text-decoration: underline"><span id="xdx_86D_z1XvS3GdeCA6">Reclassifications</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Certain prior year amounts have been reclassified for consistency with the current year presentation. Reclassifications had no effect on net income), stockholders’ equity, or cash flows as previously reported.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"> </p>
CY2022Q4	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	251699	usd
CY2021Q4	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	400000	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	163189	usd
CY2021	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	212397	usd
CY2022	us-gaap	Advertising Expense AdvertisingExpense	8895	usd
CY2021	us-gaap	Advertising Expense AdvertisingExpense	7979	usd
CY2022Q4	us-gaap	Inventory Parts And Components Net Of Reserves InventoryPartsAndComponentsNetOfReserves	172190	usd
CY2021Q4	us-gaap	Inventory Parts And Components Net Of Reserves InventoryPartsAndComponentsNetOfReserves	92751	usd
CY2022Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	336298	usd
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	180000	shares
CY2021	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	240000	shares
CY2021Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	171705	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	216990	usd
CY2021Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	237377	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	725478	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	501833	usd
CY2022Q4	fil	Laboratory Equipment LaboratoryEquipment	522575	usd
CY2021Q4	fil	Laboratory Equipment LaboratoryEquipment	522575	usd
CY2022Q4	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	35028	usd
CY2021Q4	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	35028	usd
CY2022Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	16344	usd
CY2021Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	16344	usd
CY2022Q4	fil	Dies And Molds DiesAndMolds	73607	usd
CY2021Q4	fil	Dies And Molds DiesAndMolds	73607	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	647554	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	647554	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets	646640	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets	646196	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	914	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1358	usd
CY2021	fil	Provision For Income Taxes ProvisionForIncomeTaxes	0	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	280300	usd
CY2021Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	293200	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities	3500	usd
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities	2900	usd
CY2022Q4	us-gaap	Deferred Tax Assets Inventory DeferredTaxAssetsInventory	10500	usd
CY2021Q4	us-gaap	Deferred Tax Assets Inventory DeferredTaxAssetsInventory	16000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	1200	usd
CY2021Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	1400	usd
CY2022Q4	us-gaap	Tax Credit Carryforward Amount TaxCreditCarryforwardAmount	67000	usd
CY2021Q4	us-gaap	Tax Credit Carryforward Amount TaxCreditCarryforwardAmount	67000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	362500	usd
CY2021Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	380500	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	362500	usd
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	380500	usd
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	usd
CY2021Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	usd
CY2022Q4	us-gaap	Income Tax Reconciliation Tax Credits IncomeTaxReconciliationTaxCredits	67000	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	1335000	usd
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	30800	usd
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	19500	usd
CY2022	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	12900	usd
CY2021	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	58500	usd
CY2022	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	200	usd
CY2021	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-200	usd
CY2022	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	18000	usd
CY2021	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	39200	usd
CY2022	fil	Provision For Income Taxes ProvisionForIncomeTaxes	0	usd
CY2022	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	20886	usd
CY2021	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	16660	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses	17719	usd
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses	0	usd
CY2022Q4	us-gaap	Accrued Bonuses Current And Noncurrent AccruedBonusesCurrentAndNoncurrent	17719	usd
CY2021Q4	us-gaap	Accrued Bonuses Current And Noncurrent AccruedBonusesCurrentAndNoncurrent	0	usd
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice	0.40
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	1.0769	pure
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
CY2022	fil	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate	0.95	pure
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions	0.0077	pure
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	970	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	-0	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	970	usd
CY2022	us-gaap	Revenues Revenues	1910061	usd
CY2021	us-gaap	Revenues Revenues	1512028	usd
CY2022	fil	Leasehold Tax Percentage LeaseholdTaxPercentage	0.1284	pure
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	78757	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	3806	usd
CY2022Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Current OperatingLeasesFutureMinimumPaymentsReceivableCurrent	40790	usd
CY2022Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Two Years OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears	31304	usd
CY2022Q4	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	72094	usd
CY2022Q4	us-gaap	Receivable With Imputed Interest Discount ReceivableWithImputedInterestDiscount	2517	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	69577	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	39120	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	30457	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	41106	usd
CY2021	us-gaap	Operating Lease Cost OperatingLeaseCost	38576	usd
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	5319	usd
CY2021	us-gaap	Variable Lease Cost VariableLeaseCost	4913	usd
CY2022	us-gaap	Lease Cost LeaseCost	46425	usd
CY2021	us-gaap	Lease Cost LeaseCost	43489	usd
CY2022Q4	fil	Employee Retention Tax Credit Receivable EmployeeRetentionTaxCreditReceivable	63000	usd

Files In Submission

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$ELST
ELECTRONIC SYSTEMS TECHNOLOGY INC Stock $elst

2023 Q1 Form 10-K Financial Statement

#000107997323000346 Filed on March 15, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ELST ELECTRONIC SYSTEMS TECHNOLOGY INC Stock $elst

2023 Q1 Form 10-K Financial Statement

#000107997323000346 Filed on March 15, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ELST
ELECTRONIC SYSTEMS TECHNOLOGY INC Stock $elst