$NSYS
NORTECH SYSTEMS INC Stock $nsys

$nsys Overview Financials Valuation SEC Filings Company Website

2012 Q4 Form 10-Q Financial Statement

#000110465912077893 Filed on November 14, 2012

Income Statement

Concept	2012 Q4	2012 Q3	2011 Q3
Revenue	$25.02M	$25.52M	$28.32M
YoY Change	-14.08%	-9.88%	9.08%
Cost Of Revenue	$21.51M	$22.74M	$25.03M
YoY Change	-15.65%	-9.16%	8.54%
Gross Profit	$3.510M	$2.784M	$3.289M
YoY Change	-3.04%	-15.35%	13.8%
Gross Profit Margin	14.03%	10.91%	11.61%
Selling, General & Admin	$3.030M	$2.455M	$2.869M
YoY Change	-4.11%	-14.41%	5.08%
% of Gross Profit	86.32%	88.19%	87.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$470.0K	$470.0K	$520.0K
YoY Change	-2.08%	-9.62%	23.81%
% of Gross Profit	13.39%	16.88%	15.81%
Operating Expenses	$3.030M	$2.455M	$2.869M
YoY Change	-4.11%	-14.41%	5.2%
Operating Profit	$480.0K	$328.7K	$420.1K
YoY Change	4.35%	-21.77%	152.81%
Interest Expense	-$90.00K	$112.0K	$130.2K
YoY Change	-25.0%	-13.95%	30.89%
% of Operating Profit	-18.75%	34.08%	30.98%
Other Income/Expense, Net	-$10.00K	-$166.5K	-$139.3K
YoY Change	-200.0%	19.55%	-357.3%
Pretax Income	$380.0K	$162.2K	$280.9K
YoY Change	5.56%	-42.26%	27.48%
Income Tax	$110.0K	$57.00K	$98.00K
% Of Pretax Income	28.95%	35.15%	34.89%
Net Earnings	$280.0K	$105.2K	$182.9K
YoY Change	21.74%	-42.49%	43.63%
Net Earnings / Revenue	1.12%	0.41%	0.65%
Basic Earnings Per Share
Diluted Earnings Per Share	$102.2K	$40.15K	$65.69K
COMMON SHARES
Basic Shares Outstanding	2.743M shares		2.743M shares
Diluted Shares Outstanding			2.743M shares

Balance Sheet

Concept	2012 Q4	2012 Q3	2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$0.00	$0.00	$0.00
YoY Change
Cash & Equivalents	$0.00	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$1.420M	$1.670M	$1.390M
YoY Change	2.9%	20.14%	5.3%
Inventory	$17.66M	$17.69M	$21.40M
Prepaid Expenses	$561.6K	$811.7K	$761.4K
Receivables	$13.61M	$15.49M	$17.64M
Other Receivables	$0.00	$50.00K	$150.0K
Total Short-Term Assets	$32.69M	$34.89M	$40.57M
YoY Change	-12.35%	-14.0%	16.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.57M	$9.143M	$8.834M
YoY Change	27.33%	3.5%	16.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$257.2K	$339.2K	$514.2K
YoY Change	-24.18%	-34.03%	19.59%
Total Long-Term Assets	$11.82M	$9.527M	$9.448M
YoY Change	24.66%	0.84%	14.25%
TOTAL ASSETS
Total Short-Term Assets	$32.69M	$34.89M	$40.57M
Total Long-Term Assets	$11.82M	$9.527M	$9.448M
Total Assets	$44.51M	$44.42M	$50.02M
YoY Change	-4.85%	-11.2%	16.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$9.052M	$8.428M	$13.72M
YoY Change	-20.13%	-38.58%	30.93%
Accrued Expenses	$2.640M	$3.580M	$3.640M
YoY Change	-12.58%	-1.65%	-12.71%
Deferred Revenue
YoY Change
Short-Term Debt	$7.920M	$7.880M	$9.260M
YoY Change	-15.29%	-14.9%	47.92%
Long-Term Debt Due	$453.1K	$438.3K	$2.127M
YoY Change	-65.42%	-79.39%	96.98%
Total Short-Term Liabilities	$20.13M	$20.32M	$28.76M
YoY Change	-19.51%	-29.34%	30.76%
LONG-TERM LIABILITIES
Long-Term Debt	$2.866M	$2.860M	$836.7K
YoY Change	252.55%	241.86%	-54.28%
Other Long-Term Liabilities	$155.3K	$143.0K	$160.8K
YoY Change	-13.89%	-11.06%	23.66%
Total Long-Term Liabilities	$3.248M	$3.244M	$997.4K
YoY Change	156.92%	225.26%	-49.11%
TOTAL LIABILITIES
Total Short-Term Liabilities	$20.13M	$20.32M	$28.76M
Total Long-Term Liabilities	$3.248M	$3.244M	$997.4K
Total Liabilities	$23.38M	$23.56M	$29.75M
YoY Change	-11.02%	-20.81%	24.23%
SHAREHOLDERS EQUITY
Retained Earnings	$5.195M	$4.920M	$4.331M
YoY Change	13.79%	13.59%
Common Stock	$27.43K	$27.43K	$27.43K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$21.14M	$20.86M	$20.27M
YoY Change
Total Liabilities & Shareholders Equity	$44.51M	$44.42M	$50.02M
YoY Change	-4.85%	-11.19%	16.08%

Cashflow Statement

Concept	2012 Q4	2012 Q3	2011 Q3
OPERATING ACTIVITIES
Net Income	$280.0K	$105.2K	$182.9K
YoY Change	21.74%	-42.49%	43.63%
Depreciation, Depletion And Amortization	$470.0K	$470.0K	$520.0K
YoY Change	-2.08%	-9.62%	23.81%
Cash From Operating Activities	$2.890M	$400.0K	$2.460M
YoY Change	115.67%	-83.74%	96.8%
INVESTING ACTIVITIES
Capital Expenditures	-$2.950M	-$430.0K	-$200.0K
YoY Change	315.49%	115.0%	-9.09%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change	-100.0%
Cash From Investing Activities	-$2.960M	-$430.0K	-$200.0K
YoY Change	176.64%	115.0%	-4.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	60.00K	30.00K	-3.670M
YoY Change	-123.08%	-100.82%	107.34%
NET CHANGE
Cash From Operating Activities	2.890M	400.0K	2.460M
Cash From Investing Activities	-2.960M	-430.0K	-200.0K
Cash From Financing Activities	60.00K	30.00K	-3.670M
Net Change In Cash	-10.00K	0.00000000001819	-1.410M
YoY Change	-200.0%	-100.0%	93.15%
FREE CASH FLOW
Cash From Operating Activities	$2.890M	$400.0K	$2.460M
Capital Expenditures	-$2.950M	-$430.0K	-$200.0K
Free Cash Flow	$5.840M	$830.0K	$2.660M
YoY Change	184.88%	-68.8%	80.95%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5972692	USD
CY2011Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	16720462	USD
CY2011Q4	us-gaap	Inventory Net InventoryNet	19029593	USD
CY2011Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	572140	USD
CY2011Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	170292	USD
CY2011Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	805000	USD
CY2011Q4	us-gaap	Assets Current AssetsCurrent	37297487	USD
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9083874	USD
CY2011Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	61547	USD
CY2011Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	339235	USD
CY2011Q4	us-gaap	Assets Assets	46782143	USD
CY2011Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	9345044	USD
CY2011Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1310210	USD
CY2011Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	11333013	USD
CY2011Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	2170852	USD
CY2011Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	852936	USD
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	25012055	USD
CY2011Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	812917	USD
CY2011Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	271000	USD
CY2011Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	180378	USD
CY2011Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	1264295	USD
CY2011Q4	us-gaap	Liabilities Liabilities	26276350	USD
CY2011Q4	us-gaap	Preferred Stock Value PreferredStockValue	250000	USD
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	27430	USD
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	15725392	USD
CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-62936	USD
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	4565907	USD
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	20505793	USD
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	46782143	USD
CY2012Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	44421114	USD
CY2012Q3	us-gaap	Stockholders Equity StockholdersEquity	20859689	USD
CY2012Q3	us-gaap	Liabilities Liabilities	23561425	USD
CY2012Q3	us-gaap	Liabilities Current LiabilitiesCurrent	20317200	USD
CY2012Q3	us-gaap	Assets Current AssetsCurrent	34892573	USD
CY2012Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2011Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2012Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2011Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2012Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	250000	shares
CY2011Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	250000	shares
CY2012Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	250000	shares
CY2011Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	250000	shares
CY2012Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2011Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2012Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9000000	shares
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9000000	shares
CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2742992	shares
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2742992	shares
CY2011Q3	us-gaap	Sales Revenue Net SalesRevenueNet	28318158	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	85112931	USD
CY2011Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	25029395	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	75392663	USD
CY2011Q3	us-gaap	Gross Profit GrossProfit	3288763	USD
	us-gaap	Gross Profit GrossProfit	9720268	USD
CY2011Q3	us-gaap	Selling Expense SellingExpense	900849	USD
	us-gaap	Selling Expense SellingExpense	2701642	USD
CY2011Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1967776	USD
	us-gaap	Business Combination Bargain Purchase Gain Recognized Amount BusinessCombinationBargainPurchaseGainRecognizedAmount	791615	USD
CY2011Q3	us-gaap	Operating Expenses OperatingExpenses	2868625	USD
	us-gaap	Operating Expenses OperatingExpenses	8674334	USD
CY2011Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	420138	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	1045934	USD
CY2011Q3	us-gaap	Interest Expense InterestExpense	130152	USD
	us-gaap	Interest Expense InterestExpense	392237	USD
CY2011Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-9121	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-55165	USD
CY2011Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-139273	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	344213	USD
CY2011Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	280865	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1390147	USD
CY2011Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	98000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	435000	USD
CY2011Q3	us-gaap	Net Income Loss NetIncomeLoss	182865	USD
	us-gaap	Net Income Loss NetIncomeLoss	955147	USD
CY2011Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.07
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.35
CY2012Q3	us-gaap	Operating Expenses OperatingExpenses	2455369	USD
	us-gaap	Operating Expenses OperatingExpenses	7908341	USD
CY2012Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	328671	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	975688	USD
CY2012Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-166506	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-429792	USD
CY2012Q3	us-gaap	Net Income Loss NetIncomeLoss	105165	USD
	us-gaap	Net Income Loss NetIncomeLoss	353896	USD
	us-gaap	Depreciation Depreciation	1446212	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	105452	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	23792	USD
	nsys	Interest On Swap Valuation InterestOnSwapValuation	18140	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	185000	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-941	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	198970	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	5287685	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	165016	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-224941	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1220948	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	142454	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-50470	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-2207009	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1400	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	1042389	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	560022	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-1601011	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	3648695	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1380904	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1452161	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	3577438	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-230582	USD
	us-gaap	Interest Paid Net InterestPaidNet	386612	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	116155	USD
	nsys	Due To Seller For Business Acquisition DueToSellerForBusinessAcquisition	250000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	1733944	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-293932	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-1440012	USD
	dei	Entity Registrant Name EntityRegistrantName	NORTECH SYSTEMS INC
	dei	Entity Central Index Key EntityCentralIndexKey	0000722313
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2012-09-30
	dei	Amendment Flag AmendmentFlag	false
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2012Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	2742992	shares
CY2012Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2742992	shares
CY2012Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2742992	shares
CY2011Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	3880764	USD
CY2011Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1110128	USD
CY2012Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	13713514	USD
CY2012Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	3006721	USD
CY2011Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	13056955	USD
CY2011Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	3202002	USD
CY2012Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	2447632	USD
CY2012Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1481545	USD
CY2012Q3	us-gaap	Inventory Net InventoryNet	17686322	USD
CY2011Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	755930	USD
CY2011Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	694383	USD
CY2012Q3	us-gaap	Adjustment For Amortization AdjustmentForAmortization	1363	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	15246	USD
CY2011Q3	us-gaap	Adjustment For Amortization AdjustmentForAmortization	35150	USD
	nsys	Excess Cash Balances Number Of High Credit Quality Financial Institution ExcessCashBalancesNumberOfHighCreditQualityFinancialInstitution	1	entity
CY2012Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.35	pure
CY2011Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.35	pure
CY2012	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.36	pure
CY2012Q3	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	61000	USD
CY2012Q3	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	2000	USD
CY2012Q3	us-gaap	Income Tax Reconciliation Tax Credits IncomeTaxReconciliationTaxCredits	4000	USD
CY2012Q3	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	10000	USD
CY2012Q3	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-12000	USD
CY2012Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	57000	USD
CY2011Q3	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	96000	USD
CY2011Q3	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	8000	USD
CY2011Q3	us-gaap	Income Tax Reconciliation Tax Credits IncomeTaxReconciliationTaxCredits	20000	USD
CY2011Q3	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	5000	USD
CY2011Q3	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	9000	USD
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	186000	USD
	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	18000	USD
	us-gaap	Income Tax Reconciliation Tax Credits IncomeTaxReconciliationTaxCredits	10000	USD
	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	18000	USD
	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-20000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	192000	USD
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	473000	USD
	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	41000	USD
	us-gaap	Income Tax Reconciliation Tax Credits IncomeTaxReconciliationTaxCredits	52000	USD
	us-gaap	Income Tax Reconciliation Tax Settlements IncomeTaxReconciliationTaxSettlements	-96000	USD
	us-gaap	Income Tax Reconciliation Tax Contingencies IncomeTaxReconciliationTaxContingencies	95000	USD
	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-26000	USD
CY2012Q3	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	136000	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	755930	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	709629	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	46301	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	1000	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	5000	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	5000	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	5000	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	5000	USD
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	25000	USD
CY2012Q3	nsys	Finite Lived Intangible Assets Future Amortization Expenses FiniteLivedIntangibleAssetsFutureAmortizationExpenses	46000	USD
CY2011	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.32	pure
CY2012Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	15493550	USD
CY2012Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	811677	USD
CY2012Q3	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	855000	USD
CY2012Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9143005	USD
CY2012Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	339235	USD
CY2012Q3	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	7875648	USD
CY2012Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	438349	USD
CY2012Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	8427581	USD
CY2012Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	2596216	USD
CY2012Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	979406	USD
CY2012Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2860242	USD
CY2012Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	241000	USD
CY2012Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	142983	USD
CY2012Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3244225	USD
CY2012Q3	us-gaap	Preferred Stock Value PreferredStockValue	250000	USD
CY2012Q3	us-gaap	Common Stock Value CommonStockValue	27430	USD
CY2012Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	15725392	USD
CY2012Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-62936	USD
CY2012Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	4919803	USD
CY2012Q3	us-gaap	Sales Revenue Net SalesRevenueNet	25520963	USD
CY2012Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	22736923	USD
CY2012Q3	us-gaap	Selling Expense SellingExpense	992295	USD
CY2012Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1463074	USD
CY2012Q3	us-gaap	Interest Expense InterestExpense	111999	USD
CY2012Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-54507	USD
CY2012Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	162165	USD
CY2012Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.04
	us-gaap	Sales Revenue Net SalesRevenueNet	81915222	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	73031193	USD
	us-gaap	Selling Expense SellingExpense	3232919	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4675422	USD
	us-gaap	Interest Expense InterestExpense	349062	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-80730	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	545896	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.13
	us-gaap	Depreciation Depreciation	1382757	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-80000	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-3490	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1226912	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1343271	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	239537	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-124268	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-2905432	USD
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	83709	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	36856	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1476868	USD
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-1469396	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1600970	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	425506	USD
	us-gaap	Interest Paid Net InterestPaidNet	293740	USD
	us-gaap	Debt Instrument Description Of Variable Rate Basis DebtInstrumentDescriptionOfVariableRateBasis	LIBOR
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	425364	USD
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	117324	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	230582	USD
CY2012Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2742992	shares
CY2011Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2742992	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2742992	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2742992	shares
CY2012Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	46024	USD
	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	18000	USD

Files In Submission

Name	View Source	Status
0001104659-12-077893-index-headers.html	Edgar Link	pending
0001104659-12-077893-index.html	Edgar Link	pending
0001104659-12-077893.txt	Edgar Link	pending
0001104659-12-077893-xbrl.zip	Edgar Link	pending
a12-20193_110q.htm	Edgar Link	pending
a12-20193_1ex31d1.htm	Edgar Link	pending
a12-20193_1ex31d2.htm	Edgar Link	pending
a12-20193_1ex32d1.htm	Edgar Link	pending
a12-20193_1ex32d2.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
nsys-20120930.xml	Edgar Link	completed
nsys-20120930.xsd	Edgar Link	pending
nsys-20120930_cal.xml	Edgar Link	unprocessable
nsys-20120930_def.xml	Edgar Link	unprocessable
nsys-20120930_lab.xml	Edgar Link	unprocessable
nsys-20120930_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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
R3.htm	Edgar Link	pending
R4.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

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$NSYS
NORTECH SYSTEMS INC Stock $nsys

2012 Q4 Form 10-Q Financial Statement

#000110465912077893 Filed on November 14, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NSYS NORTECH SYSTEMS INC Stock $nsys

2012 Q4 Form 10-Q Financial Statement

#000110465912077893 Filed on November 14, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NSYS
NORTECH SYSTEMS INC Stock $nsys