$NSYS
NORTECH SYSTEMS INC Stock $nsys

$nsys Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000149315224030781 Filed on August 08, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$31.41M	$33.89M
YoY Change	-5.88%	-3.23%
Cost Of Revenue	$27.57M	$29.27M
YoY Change	-1.7%	-0.92%
Gross Profit	$3.835M	$4.617M
YoY Change	-27.9%	-15.66%
Gross Profit Margin	12.21%	13.62%
Selling, General & Admin	$3.842M	$3.891M
YoY Change	-1.0%	-4.12%
% of Gross Profit	100.18%	84.28%
Research & Development	$284.0K	$291.0K
YoY Change	-9.55%	-8.2%
% of Gross Profit	7.41%	6.3%
Depreciation & Amortization	$434.0K	$484.0K
YoY Change	-14.9%	-7.28%
% of Gross Profit	11.32%	10.48%
Operating Expenses	$4.302M	$4.273M
YoY Change	2.55%	-2.33%
Operating Profit	-$467.0K	$344.0K
YoY Change	-141.55%	-68.7%
Interest Expense	-$216.0K	-$165.0K
YoY Change	-266.15%	-232.0%
% of Operating Profit		-47.97%
Other Income/Expense, Net
YoY Change
Pretax Income	-$683.0K	$179.0K
YoY Change	-168.71%	-81.62%
Income Tax	$56.00K	$22.00K
% Of Pretax Income		12.29%
Net Earnings	-$739.0K	$157.0K
YoY Change	-161.23%	-75.24%
Net Earnings / Revenue	-2.35%	0.46%
Basic Earnings Per Share	-$0.27	$0.06
Diluted Earnings Per Share	-$0.27	$0.05
COMMON SHARES
Basic Shares Outstanding	2.762M shares	2.757M
Diluted Shares Outstanding	2.760M shares	2.936M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.239M	$1.542M
YoY Change	77.0%	97.44%
Cash & Equivalents	$1.239M	$1.542M
Short-Term Investments
Other Short-Term Assets	$5.065M	$2.291M
YoY Change	116.45%	-34.62%
Inventory	$22.33M	$22.79M
Prepaid Expenses
Receivables	$16.58M	$17.58M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$60.28M	$59.16M
YoY Change	14.61%	8.84%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.834M	$6.001M
YoY Change	-4.91%	-56.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$2.641M	$2.641M
YoY Change
Total Long-Term Assets	$16.69M	$17.10M
YoY Change	24.6%	21.44%
TOTAL ASSETS
Total Short-Term Assets	$60.28M	$59.16M
Total Long-Term Assets	$16.69M	$17.10M
Total Assets	$76.97M	$76.26M
YoY Change	16.64%	11.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.32M	$12.73M
YoY Change	-5.99%	-17.04%
Accrued Expenses	$5.565M	$4.901M
YoY Change	-4.22%	-1.8%
Deferred Revenue	$5.263M	$5.453M
YoY Change	36.31%	64.2%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$175.0K	$214.0K
YoY Change	-56.25%	-46.1%
Total Short-Term Liabilities	$23.32M	$23.30M
YoY Change	0.51%	-4.52%
LONG-TERM LIABILITIES
Long-Term Debt	$9.848M	$8.460M
YoY Change	102.22%	14.6%
Other Long-Term Liabilities	$421.0K	$409.0K
YoY Change	343.16%	-94.29%
Total Long-Term Liabilities	$17.96M	$16.82M
YoY Change	48.66%	15.62%
TOTAL LIABILITIES
Total Short-Term Liabilities	$23.32M	$23.30M
Total Long-Term Liabilities	$17.96M	$16.82M
Total Liabilities	$41.28M	$40.11M
YoY Change	17.0%	3.0%
SHAREHOLDERS EQUITY
Retained Earnings	$18.85M	$19.59M
YoY Change	31.67%	49.43%
Common Stock	$28.00K	$28.00K
YoY Change	3.7%	3.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$35.69M	$36.15M
YoY Change
Total Liabilities & Shareholders Equity	$76.97M	$76.26M
YoY Change	16.64%	11.43%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	-$739.0K	$157.0K
YoY Change	-161.23%	-75.24%
Depreciation, Depletion And Amortization	$434.0K	$484.0K
YoY Change	-14.9%	-7.28%
Cash From Operating Activities	-$1.585M	-$4.286M
YoY Change	-183.42%	198.26%
INVESTING ACTIVITIES
Capital Expenditures	-$40.00K	$276.0K
YoY Change	-125.0%	-40.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change
Cash From Investing Activities	$40.00K	-$276.0K
YoY Change	-125.0%	-40.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.218M	2.069M
YoY Change	-148.14%	70.01%
NET CHANGE
Cash From Operating Activities	-1.585M	-4.286M
Cash From Investing Activities	40.00K	-276.0K
Cash From Financing Activities	1.218M	2.069M
Net Change In Cash	-327.0K	-2.493M
YoY Change	-58.61%	266.62%
FREE CASH FLOW
Cash From Operating Activities	-$1.585M	-$4.286M
Capital Expenditures	-$40.00K	$276.0K
Free Cash Flow	-$1.545M	-$4.562M
YoY Change	-188.79%	140.48%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue		usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability		usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability		usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree		usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour		usd
CY2024Q2	NSYS	Finance Lease Liability To Be Paid After Year Four FinanceLeaseLiabilityToBePaidAfterYearFour		usd
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	250000	shares
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	250000	shares
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	202000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	189000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	31000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	173000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2343000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	144000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-7000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-35000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-133000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-566000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1675000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2481000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1542000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1915000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1542000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	781000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1134000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1542000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1915000	usd
	us-gaap	Interest Paid Net InterestPaidNet	307000	usd
	us-gaap	Interest Paid Net InterestPaidNet	248000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	279000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1036000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	75000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	49000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1923000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	28905000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	634000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-281000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	138000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	93000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	29489000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	157000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-175000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	126000	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	31000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	36145000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	28080000	usd
	us-gaap	Net Income Loss NetIncomeLoss	1315000	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-241000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	192000	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	173000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	29489000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	35344000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	35344000	usd
	us-gaap	Net Income Loss NetIncomeLoss	922000	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-358000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	206000	usd
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	31000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	36145000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	36145000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_847_eus-gaap--UseOfEstimates_ze8MzwSwwlu7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_864_zAMCnedvtAB4">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font: normal 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us 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 our consolidated financial statements. Estimates also affect the reported amounts of net sales and expenses during each reporting period. Significant items subject to estimates and assumptions include the valuation allowance for inventories, accounts receivable allowances, realizability of deferred tax assets and long-lived asset recovery. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
CY2024Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	22463000	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	20863000	usd
CY2024Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	645000	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	1033000	usd
CY2024Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	965000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	934000	usd
CY2024Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1280000	usd
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1170000	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	22793000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	21660000	usd
CY2022Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	422000	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	159000	usd
CY2023Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	263000	usd
CY2023Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	263000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	80000	usd
CY2024Q2	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	183000	usd
CY2024Q2	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	183000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Remaining Amortization Period1 FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1	P5Y6M
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	40000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	40000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	80000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	80000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	9000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	18000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	18000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	18000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	18000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	17000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	98000	usd
	NSYS	Excess Cash Balances Number Of High Credit Quality Financial Institutions ExcessCashBalancesNumberOfHighCreditQualityFinancialInstitutions	2	integer
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1542000	usd
CY2024Q2	NSYS	Percentage Of Revenue Transferred To Customers PercentageOfRevenueTransferredToCustomers	0.74	pure
	NSYS	Percentage Of Revenue Transferred To Customers PercentageOfRevenueTransferredToCustomers	0.74	pure
	NSYS	Percentage Of Revenue Transferred To Customers PercentageOfRevenueTransferredToCustomers	0.73	pure
CY2023Q2	NSYS	Percentage Of Revenue Transferred To Customers PercentageOfRevenueTransferredToCustomers	0.74	pure
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	33891000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	68106000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	14481000	usd
	NSYS	Contract With Customer Asset Increase Decrease Product Transferred Over Time ContractWithCustomerAssetIncreaseDecreaseProductTransferredOverTime	27904000	usd
	NSYS	Contract With Customers Asset Accumulated Allowance For Credit Loss Current ContractWithCustomersAssetAccumulatedAllowanceForCreditLossCurrent	-14000	usd
	us-gaap	Contract With Customer Asset Reclassified To Receivable ContractWithCustomerAssetReclassifiedToReceivable	-27414000	usd
CY2024Q2	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	14957000	usd
CY2024Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	581000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	592000	usd
CY2024Q2	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	6000	usd
CY2023Q2	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	11000	usd
CY2024Q2	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	129000	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	182000	usd
CY2024Q2	us-gaap	Lease Cost LeaseCost	716000	usd
CY2023Q2	us-gaap	Lease Cost LeaseCost	785000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	1177000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	1159000	usd
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	12000	usd
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	23000	usd
	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	129000	usd
	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	364000	usd
	us-gaap	Lease Cost LeaseCost	1318000	usd
	us-gaap	Lease Cost LeaseCost	1546000	usd
CY2024Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	373000	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	636000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	8274000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	6917000	usd
CY2024Q2	NSYS	Finance And Operating Leases Right Of Use Asset FinanceAndOperatingLeasesRightOfUseAsset	8647000	usd
CY2023Q4	NSYS	Finance And Operating Leases Right Of Use Asset FinanceAndOperatingLeasesRightOfUseAsset	7553000	usd
CY2024Q2	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	214000	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	356000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1169000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1033000	usd
CY2024Q2	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	146000	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	209000	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	7949000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	6763000	usd
CY2024Q2	NSYS	Operating And Finance Lease Liability OperatingAndFinanceLeaseLiability	9478000	usd
CY2023Q4	NSYS	Operating And Finance Lease Liability OperatingAndFinanceLeaseLiability	8361000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	933000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	934000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1923000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	928000	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	163000	usd
CY2024Q2	NSYS	Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	1091000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1792000	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	106000	usd
CY2024Q2	NSYS	Lessee Operating And Finance Lease Liability Payments Due Year One LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne	1898000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1758000	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	105000	usd
CY2024Q2	NSYS	Lessee Operating And Finance Lease Liability Payments Due Year Two LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo	1863000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1470000	usd
CY2024Q2	NSYS	Lessee Operating And Finance Lease Liability Payments Due Year Three LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree	1470000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1469000	usd
CY2024Q2	NSYS	Lessee Operating And Finance Lease Liability Payments Due Year Four LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour	1469000	usd
CY2024Q2	NSYS	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	5510000	usd
CY2024Q2	NSYS	Lessee Operating And Finance Lease Liability Payments Due After Year Four LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour	5510000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	12927000	usd
CY2024Q2	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	374000	usd
CY2024Q2	NSYS	Lessee Operating And Finance Lease Liability Payments Due LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue	13301000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	3809000	usd
CY2024Q2	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	14000	usd
CY2024Q2	NSYS	Lessee Operating And Finance Lease Liability Undiscounted Excess Amount LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount	-3519000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	9118000	usd
CY2024Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	360000	usd
CY2024Q2	NSYS	Operating And Finance Lease Liability OperatingAndFinanceLeaseLiability	9478000	usd
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P8Y1M6D
CY2024Q2	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P1Y8M12D
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.080	pure
CY2024Q2	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.053	pure
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue	8.22
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0440	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0345	pure
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y6M
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.58	pure
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.60	pure
CY2024Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	6.47
CY2023Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	5.67
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	458700	shares
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	6.63
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y6M10D
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	1432000	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	22000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	11.06
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	5500	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	5.42
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	9600	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	10.26
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	465600	shares
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	6.78
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y2M12D
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	3150000	usd
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	279300	shares
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	4.67
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P4Y7M6D
CY2024Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	2479000	usd
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	31611	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	45453	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	60728	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	47182	shares
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2760052	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2718066	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2751330	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2705121	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	175619	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	152782	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	170783	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	182192	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2935671	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2870848	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2922113	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2887313	shares
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.12	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.21	pure
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.35	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.31	pure
	us-gaap	Restructuring Charges RestructuringCharges	91000	usd
CY2023	NSYS	Social Security Tax Payment Deferred SocialSecurityTaxPaymentDeferred	1158000	usd
CY2023Q4	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	785000	usd
	NSYS	Agreement Exclusive Manufacturing Rights Term AgreementExclusiveManufacturingRightsTerm	P10Y

Files In Submission

Name	View Source	Status
0001493152-24-030781-index-headers.html	Edgar Link	pending
0001493152-24-030781-index.html	Edgar Link	pending
0001493152-24-030781.txt	Edgar Link	pending
0001493152-24-030781-xbrl.zip	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-q.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nsys-20240630.xsd	Edgar Link	pending
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
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R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
nsys-20240630_cal.xml	Edgar Link	unprocessable
nsys-20240630_def.xml	Edgar Link	unprocessable
nsys-20240630_lab.xml	Edgar Link	unprocessable
nsys-20240630_pre.xml	Edgar Link	unprocessable
form10-q_htm.xml	Edgar Link	completed
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
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R34.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
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R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
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R47.htm	Edgar Link	pending
R48.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

2024 Q3 Form 10-Q Financial Statement

#000149315224030781 Filed on August 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NSYS NORTECH SYSTEMS INC Stock $nsys

2024 Q3 Form 10-Q Financial Statement

#000149315224030781 Filed on August 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NSYS
NORTECH SYSTEMS INC Stock $nsys