$UUU
UNIVERSAL SECURITY INSTRUMENTS INC Stock $uuu

$uuu Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-K Financial Statement

#000114420416125749 Filed on September 28, 2016

Income Statement

Concept	2016 Q3	2016 Q1	2016
Revenue	$3.278M	$3.413M	$13.74M
YoY Change	0.0%	22.68%	38.91%
Cost Of Revenue	$2.970M	$2.510M	$9.961M
YoY Change	14.67%	29.38%	31.7%
Gross Profit	$684.7K	$904.0K	$3.779M
YoY Change	0.0%	7.52%	62.34%
Gross Profit Margin	20.88%	26.48%	27.51%
Selling, General & Admin	$1.155M	$1.020M	$4.480M
YoY Change	0.09%	15.91%	7.3%
% of Gross Profit	168.68%	112.83%	118.55%
Research & Development	$182.4K	$170.0K	$670.0K
YoY Change	23.94%	-15.0%	-13.75%
% of Gross Profit	26.63%	18.81%	17.73%
Depreciation & Amortization	$10.00K	$10.00K	$37.53K
YoY Change	0.0%	0.0%	-18.52%
% of Gross Profit	1.46%	1.11%	0.99%
Operating Expenses	$1.337M	$1.190M	$5.146M
YoY Change	2.79%	10.19%	3.9%
Operating Profit	-$652.6K	-$286.0K	-$1.366M
YoY Change	5.89%	19.56%	-47.94%
Interest Expense	$30.00K	-$490.0K	-$771.6K
YoY Change	-85.71%	-12.5%	-31.63%
% of Operating Profit
Other Income/Expense, Net	-$24.55K		-$29.77K
YoY Change	422.21%		-230.41%
Pretax Income	-$60.00K	-$780.0K	-$2.138M
YoY Change	1176.32%	1.3%	-42.69%
Income Tax		$0.00	$0.00
% Of Pretax Income
Net Earnings	-$411.3K	-$775.2K	$2.138M
YoY Change	0.0%	3.57%	-42.3%
Net Earnings / Revenue	-12.55%	-22.71%	15.56%
Basic Earnings Per Share
Diluted Earnings Per Share	-$25.97K	-$337.7K	-$924.3K
COMMON SHARES
Basic Shares Outstanding	2.313M shares	2.313M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q3	2016 Q1	2016
SHORT-TERM ASSETS
Cash & Short-Term Investments	$140.0K	$360.0K	$362.7K
YoY Change	-6.67%	620.0%	633.83%
Cash & Equivalents	$141.8K	$362.7K
Short-Term Investments
Other Short-Term Assets	$210.0K	$410.0K	$410.2K
YoY Change	-38.24%	-61.68%	-61.69%
Inventory	$5.000M	$3.883M	$3.883M
Prepaid Expenses		$410.2K
Receivables	$200.0K	$17.39K	$77.90K
Other Receivables	$1.690M	$1.850M	$1.852M
Total Short-Term Assets	$7.240M	$6.586M	$6.586M
YoY Change	3.43%	-2.59%	-2.59%
LONG-TERM ASSETS
Property, Plant & Equipment	$58.16K	$71.56K	$71.56K
YoY Change	-35.38%	-31.6%	-31.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$11.33M	$12.42M	$12.42M
YoY Change	-11.07%	-8.57%	-4.06%
Other Assets	$0.00	$6.000K	$6.000K
YoY Change	-100.0%	-76.92%	-76.92%
Total Long-Term Assets	$11.46M	$11.92M	$12.56M
YoY Change	-11.15%	-9.29%	-4.44%
TOTAL ASSETS
Total Short-Term Assets	$7.240M	$6.586M	$6.586M
Total Long-Term Assets	$11.46M	$11.92M	$12.56M
Total Assets	$18.70M	$18.51M	$19.15M
YoY Change	-6.02%	-7.01%	-3.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.290M	$587.3K	$1.657M
YoY Change	74.81%	-12.19%	71.08%
Accrued Expenses	$110.0K	$150.0K	$150.8K
YoY Change	-26.67%	-16.67%	-16.31%
Deferred Revenue
YoY Change
Short-Term Debt	$660.0K	$310.0K	$313.9K
YoY Change	-34.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.070M	$2.122M	$2.122M
YoY Change	24.8%	84.69%	84.69%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.070M	$2.122M	$2.122M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$3.070M	$2.120M	$2.122M
YoY Change	24.8%	84.5%	84.69%
SHAREHOLDERS EQUITY
Retained Earnings		$3.022M
YoY Change		-41.43%
Common Stock		$12.91M
YoY Change		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$15.63M	$17.03M	$17.03M
YoY Change
Total Liabilities & Shareholders Equity	$18.70M	$19.15M	$19.15M
YoY Change	-6.03%	-3.81%	-3.81%

Cashflow Statement

Concept	2016 Q3	2016 Q1	2016
OPERATING ACTIVITIES
Net Income	-$411.3K	-$775.2K	$2.138M
YoY Change	0.0%	3.57%	-42.3%
Depreciation, Depletion And Amortization	$10.00K	$10.00K	$37.53K
YoY Change	0.0%	0.0%	-18.52%
Cash From Operating Activities	-$860.0K	$1.450M	$823.0K
YoY Change	26.47%	-307.14%	-160.08%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$160.0K	$0.00	$822.4K
YoY Change		-100.0%	-230.14%
Cash From Investing Activities	$160.0K	$0.00	$822.4K
YoY Change		-100.0%	-230.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	660.0K	-1.320M	313.9K
YoY Change	15.79%
NET CHANGE
Cash From Operating Activities	-860.0K	1.450M	$823.0K
Cash From Investing Activities	160.0K	0.000	822.4K
Cash From Financing Activities	660.0K	-1.320M	313.9K
Net Change In Cash	-40.00K	130.0K	$823.0K
YoY Change	-63.64%	-109.77%	-141.12%
FREE CASH FLOW
Cash From Operating Activities	-$860.0K	$1.450M	$823.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2015Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	12885841	USD
CY2015Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1259695	USD
CY2016Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	76480	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	6000	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	23129	USD
CY2015Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	uuu	Due From Factor DueFromFactor	1789619	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	16387895	USD
CY2015Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	69180	USD
CY2016Q1	us-gaap	Assets Assets	18510039	USD
CY2016Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q1	us-gaap	Common Stock Value CommonStockValue	23129	USD
CY2016Q1	uuu	Commissions And Other CommissionsAndOther	74327	USD
CY2015Q1	us-gaap	Assets Assets	19906028	USD
CY2015Q1	us-gaap	Assets Current AssetsCurrent	6760583	USD
CY2015Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19906028	USD
CY2015Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	668846	USD
CY2015Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1149031	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	18756997	USD
CY2015Q1	uuu	Due From Factor DueFromFactor	1217311	USD
CY2015Q1	us-gaap	Inventory Net InventoryNet	3852182	USD
CY2016Q1	us-gaap	Inventory Net InventoryNet	3883247	USD
CY2015Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	438745	USD
CY2016Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	410166	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	6585745	USD
CY2015Q1	us-gaap	Equity Method Investments EquityMethodInvestments	12943280	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	67075	USD
CY2015Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	26000	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	587343	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	71547	USD
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CY2016Q1	us-gaap	Equity Method Investments EquityMethodInvestments	11779663	USD
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CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	362728	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	49427	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2122144	USD
CY2016Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	12885841	USD
CY2015	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3729985	USD
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CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-25000	USD
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
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CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	659222	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-822957	USD
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CY2016	uuu	Increase Decrease In Working Capital IncreaseDecreaseInWorkingCapital	1147951	USD
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CY2015	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	50963	USD
CY2016	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	47338	USD
CY2016	uuu	Capitalization Finite Lived Intangible Assets Legal Expenses CapitalizationFiniteLivedIntangibleAssetsLegalExpenses	89434	USD
CY2015	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4472	USD
CY2016	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	4472	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	22359	USD
CY2016	dei	Document Type DocumentType	10-K
CY2016	dei	Amendment Flag AmendmentFlag	false
CY2016	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2016	dei	Entity Registrant Name EntityRegistrantName	UNIVERSAL SECURITY INSTRUMENTS INC
CY2016	dei	Entity Central Index Key EntityCentralIndexKey	0000102109
CY2016	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2016	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2016	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2015Q3	dei	Entity Public Float EntityPublicFloat	11278438	USD
CY2016	dei	Trading Symbol TradingSymbol	UUU
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	2312887	shares
CY2016Q1	us-gaap	Accounts Notes And Loans Receivable Net Current AccountsNotesAndLoansReceivableNetCurrent	139985	USD
CY2015Q1	us-gaap	Accounts Notes And Loans Receivable Net Current AccountsNotesAndLoansReceivableNetCurrent	571012	USD
CY2016Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	313891	USD
CY2015Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2015Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2015Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2312887	shares
CY2015Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2312887	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2312887	shares
CY2016	uuu	Proceeds From Cash Withdrawn Deposited To Fund Held By Factor ProceedsFromCashWithdrawnDepositedToFundHeldByFactor	631906	USD
CY2015	uuu	Proceeds From Cash Withdrawn Deposited To Fund Held By Factor ProceedsFromCashWithdrawnDepositedToFundHeldByFactor	-631906	USD
CY2016	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	313891	USD
CY2015Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2312887	shares
CY2016	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-29768	USD
CY2015	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	22826	USD
CY2016	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.92
CY2015	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-1.60
CY2015	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2312887	shares
CY2016	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2312887	shares
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	4472	USD
CY2015	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2014Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.48
CY2015Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
CY2014Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.48
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.34
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.32
CY2015Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.34
CY2014Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.32
CY2015Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.18
CY2016	us-gaap	Use Of Estimates UseOfEstimates	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><u>Use of Estimates:</u> In preparing financial statements in conformity with accounting principles generally accepted in the United States of America (US-GAAP), management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	2137792	USD
CY2015	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	3704985	USD
CY2016	us-gaap	Line Of Credit Facility Frequency Of Payment And Payment Terms LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms	provides for repayment terms of ninety days for each advance thereunder
CY2016Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	904942	USD
CY2015Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	904942	USD
CY2009Q1	us-gaap	Description Of Lessor Leasing Arrangements Operating Leases DescriptionOfLessorLeasingArrangementsOperatingLeases	During January 2009, the Company entered into an operating lease for its office and warehouse location in Owings Mills, Maryland which expires in March 2019.
CY2016Q1	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	499766	USD
CY2016Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	2067000	USD
CY2015Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	57000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	4472	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	4472	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	4472	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	4472	USD
CY2016	uuu	Factoring Agreement Expiration Date FactoringAgreementExpirationDate	2018-01-06
CY2016	uuu	Factoring Agreement Term FactoringAgreementTerm	P2Y
CY2016Q1	us-gaap	Line Of Credit Facility Capacity Available For Trade Purchases LineOfCreditFacilityCapacityAvailableForTradePurchases	2137792	USD
CY2016Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	3338000	USD
CY2016	us-gaap	Line Of Credit Facility Interest Rate Description LineOfCreditFacilityInterestRateDescription	Collected cash maintained on deposit with the factor earns interest at the factors prime rate of interest less 2.5 percent (effective rate of 1.00% at March 31, 2016.)
CY2015Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	17887	USD

Files In Submission

Name	View Source	Status
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0001144204-16-125749-index.html	Edgar Link	pending
0001144204-16-125749.txt	Edgar Link	pending
0001144204-16-125749-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
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report.css	Edgar Link	pending
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tlogoex99-1.jpg	Edgar Link	pending
uuu-20160331.xml	Edgar Link	completed
uuu-20160331.xsd	Edgar Link	pending
uuu-20160331_cal.xml	Edgar Link	unprocessable
uuu-20160331_def.xml	Edgar Link	unprocessable
uuu-20160331_lab.xml	Edgar Link	unprocessable
uuu-20160331_pre.xml	Edgar Link	unprocessable
v442952_10k.htm	Edgar Link	pending
v442952_ex23-1.htm	Edgar Link	pending
v442952_ex23-2.htm	Edgar Link	pending
v442952_ex31-1.htm	Edgar Link	pending
v442952_ex31-2.htm	Edgar Link	pending
v442952_ex32-1.htm	Edgar Link	pending
v442952_ex99-1.htm	Edgar Link	pending

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$UUU
UNIVERSAL SECURITY INSTRUMENTS INC Stock $uuu

2016 Q3 Form 10-K Financial Statement

#000114420416125749 Filed on September 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$UUU UNIVERSAL SECURITY INSTRUMENTS INC Stock $uuu

2016 Q3 Form 10-K Financial Statement

#000114420416125749 Filed on September 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$UUU
UNIVERSAL SECURITY INSTRUMENTS INC Stock $uuu