$UUU
UNIVERSAL SECURITY INSTRUMENTS INC Stock $uuu

$uuu Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-K Financial Statement

#000114420417036858 Filed on July 14, 2017

Income Statement

Concept	2017 Q2	2017 Q1	2017
Revenue	$3.318M	$3.513M	$14.08M
YoY Change	13.0%	2.94%	2.49%
Cost Of Revenue	$2.340M	$2.720M	$9.935M
YoY Change	10.38%	8.37%	-0.27%
Gross Profit	$981.5K	$790.2K	$4.149M
YoY Change	-7.66%	-12.59%	9.77%
Gross Profit Margin	29.58%	22.49%	29.46%
Selling, General & Admin	$1.144M	$1.170M	$4.444M
YoY Change	2.71%	14.71%	-0.81%
% of Gross Profit	116.54%	148.06%	107.13%
Research & Development	$174.7K	$160.0K	$682.5K
YoY Change	26.95%	-5.88%	1.87%
% of Gross Profit	17.8%	20.25%	16.45%
Depreciation & Amortization	$10.03K	$10.00K	$29.73K
YoY Change	27.37%	0.0%	-20.78%
% of Gross Profit	1.02%	1.27%	0.72%
Operating Expenses	$1.319M	$1.330M	$4.444M
YoY Change	5.38%	11.76%	-13.63%
Operating Profit	-$337.1K	-$539.8K	-$978.1K
YoY Change	78.97%	88.72%	-28.4%
Interest Expense	$18.44K	-$520.0K	-$1.081M
YoY Change	335.39%	6.12%	40.06%
% of Operating Profit
Other Income/Expense, Net			-$63.25K
YoY Change			112.48%
Pretax Income	-$540.0K	-$1.060M	-$2.059M
YoY Change	38.46%	35.9%	-3.69%
Income Tax		$0.00	$0.00
% Of Pretax Income
Net Earnings	-$543.7K	-$1.055M	-$2.059M
YoY Change	-30.04%	36.13%	-196.31%
Net Earnings / Revenue	-16.38%	-30.04%	-14.62%
Basic Earnings Per Share
Diluted Earnings Per Share	-$233.8K	-$458.9K	-$890.2K
COMMON SHARES
Basic Shares Outstanding	2.313M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q2	2017 Q1	2017
SHORT-TERM ASSETS
Cash & Short-Term Investments	$250.0K	$260.0K	$262.4K
YoY Change	38.89%	-27.78%	-27.67%
Cash & Equivalents	$246.5K	$262.4K
Short-Term Investments
Other Short-Term Assets	$520.0K	$490.0K	$491.9K
YoY Change	-13.33%	19.51%	19.93%
Inventory	$4.420M	$4.700M	$4.700M
Prepaid Expenses		$491.9K
Receivables	$870.0K	$190.0K	$187.6K
Other Receivables	$1.700M	$2.070M	$2.070M
Total Short-Term Assets	$7.760M	$7.710M	$7.712M
YoY Change	5.58%	17.07%	17.09%
LONG-TERM ASSETS
Property, Plant & Equipment	$50.00K	$35.59K	$46.29K
YoY Change	-16.67%	-50.27%	-35.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$10.53M	$10.56M	$10.56M
YoY Change	-7.63%	-14.94%	-14.94%
Other Assets	$0.00	$0.00	$4.000K
YoY Change	-100.0%	-100.0%	-33.33%
Total Long-Term Assets	$10.65M	$10.68M	$10.68M
YoY Change	-7.63%	-10.46%	-15.02%
TOTAL ASSETS
Total Short-Term Assets	$7.760M	$7.710M	$7.712M
Total Long-Term Assets	$10.65M	$10.68M	$10.68M
Total Assets	$18.41M	$18.39M	$18.39M
YoY Change	-2.49%	-0.66%	-3.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.730M	$1.730M	$1.732M
YoY Change	-7.46%	194.55%	4.52%
Accrued Expenses	$110.0K	$160.0K	$158.5K
YoY Change	0.0%	6.67%	5.11%
Deferred Revenue
YoY Change
Short-Term Debt	$1.730M	$2.260M	$2.264M
YoY Change		629.03%	621.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.570M	$4.155M	$4.155M
YoY Change	48.86%	95.79%	95.79%
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	$4.570M	$4.155M	$4.155M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$4.570M	$4.160M	$4.155M
YoY Change	48.86%	96.23%	95.79%
SHAREHOLDERS EQUITY
Retained Earnings		$963.4K
YoY Change		-68.12%
Common Stock		$12.91M
YoY Change		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$13.84M	$14.23M	$14.23M
YoY Change
Total Liabilities & Shareholders Equity	$18.41M	$18.39M	$18.39M
YoY Change	-2.49%	-3.97%	-3.97%

Cashflow Statement

Concept	2017 Q2	2017 Q1	2017
OPERATING ACTIVITIES
Net Income	-$543.7K	-$1.055M	-$2.059M
YoY Change	-30.04%	36.13%	-196.31%
Depreciation, Depletion And Amortization	$10.03K	$10.00K	$29.73K
YoY Change	27.37%	0.0%	-20.78%
Cash From Operating Activities	$536.5K	-$1.460M	$2.153M
YoY Change	85.02%	-200.69%	161.64%
INVESTING ACTIVITIES
Capital Expenditures	-$20.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$102.6K
YoY Change	-100.0%		-87.53%
Cash From Investing Activities	-$16.11K	$0.00	$102.6K
YoY Change	-89.93%		-87.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$536.3K	1.570M	$1.950M
YoY Change	73.0%	-218.94%	521.31%
NET CHANGE
Cash From Operating Activities	$536.5K	-1.460M	$2.153M
Cash From Investing Activities	-$16.11K	0.000	$102.6K
Cash From Financing Activities	-$536.3K	1.570M	$1.950M
Net Change In Cash	-$15.85K	110.0K	$4.206M
YoY Change	-91.2%	-15.38%	411.08%
FREE CASH FLOW
Cash From Operating Activities	$536.5K	-$1.460M	$2.153M
Capital Expenditures	-$20.00K
Free Cash Flow	$556.5K
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2369102	USD
CY2017	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2793424	USD
CY2016	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-28579	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-822957	USD
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	1950234	USD
CY2016	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	313301	USD
CY2017	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-100373	USD
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CY2017	dei	Trading Symbol TradingSymbol	UUU
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CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1094380	USD
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CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2058902	USD
CY2016	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
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CY2017	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q3	dei	Entity Public Float EntityPublicFloat	8788971	USD
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CY2017Q3	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	4213705	USD
CY2016Q4	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	4112908	USD
CY2017Q4	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	3177632	USD
CY2016Q1	us-gaap	Gross Profit GrossProfit	903978	USD
CY2017Q1	us-gaap	Gross Profit GrossProfit	790208	USD
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CY2017Q4	us-gaap	Gross Profit GrossProfit	1048780	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-775241	USD
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CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-777077	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	-389679	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	-411302	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	-64066	USD
CY2016Q4	us-gaap	Net Income Loss NetIncomeLoss	-174172	USD
CY2017Q4	us-gaap	Net Income Loss NetIncomeLoss	-549806	USD
CY2017Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.17
CY2016Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.18
CY2017Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.24
CY2016Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
CY2017Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.45
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.34
CY2017Q1	us-gaap	Accounts Notes And Loans Receivable Net Current AccountsNotesAndLoansReceivableNetCurrent	247681	USD
CY2016Q1	us-gaap	Accounts Notes And Loans Receivable Net Current AccountsNotesAndLoansReceivableNetCurrent	139985	USD
CY2017Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2017Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2312887	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2312887	shares
CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2312887	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2312887	shares
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	19394784	USD
CY2017	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.34	pure
CY2017	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
CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	325725	USD
CY2017	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: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><u><font style="FONT-SIZE: 10pt">Use of Estimates:</font></u> <font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	50	USD
CY2017	us-gaap	Line Of Credit Facility Frequency Of Payment And Payment Terms LineOfCreditFacilityFrequencyOfPaymentAndPaymentTerms	provide for repayment terms of ninety days for each advance thereunder.
CY2017	us-gaap	Line Of Credit Facility Interest Rate Description LineOfCreditFacilityInterestRateDescription	Collected cash maintained on deposit at March 31 2017 and 2016 with the factor earns interest at the factors prime rate of interest less 2.5 percent (effective rate of 1.50% at March 31, 2017.)
CY2017	uuu	Factoring Agreement Receivables Sold FactoringAgreementReceivablesSold	13770764	USD
CY2016	uuu	Factoring Agreement Receivables Sold FactoringAgreementReceivablesSold	12942571	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	904942	USD
CY2016Q1	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.
CY2017	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-75418	USD
CY2016	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-187369	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	22359	USD
CY2015Q1	us-gaap	Equity Method Investments EquityMethodInvestments	13581067	USD
CY2017Q1	uuu	Commissions And Other CommissionsAndOther	75627	USD
CY2016Q1	uuu	Commissions And Other CommissionsAndOther	74327	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	4472	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	4472	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	4472	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	4472	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	983529	USD
CY2017	uuu	Effective Income Tax Rate Reconciliation Expiration Of Tax Credits Amount EffectiveIncomeTaxRateReconciliationExpirationOfTaxCreditsAmount	251520	USD
CY2016	uuu	Effective Income Tax Rate Reconciliation Expiration Of Tax Credits Amount EffectiveIncomeTaxRateReconciliationExpirationOfTaxCreditsAmount	243043	USD
CY2017	uuu	Expenses Incurred In Inventory Amount ExpensesIncurredInInventoryAmount	43000	USD
CY2016	uuu	Expenses Incurred In Inventory Amount ExpensesIncurredInInventoryAmount	37000	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	5160124	USD
CY2015Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1325690	USD

Files In Submission

Name	View Source	Status
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0001144204-17-036858-index.html	Edgar Link	pending
0001144204-17-036858.txt	Edgar Link	pending
0001144204-17-036858-xbrl.zip	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
logo.jpg	Edgar Link	pending
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report.css	Edgar Link	pending
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uuu-20170331.xml	Edgar Link	completed
uuu-20170331.xsd	Edgar Link	pending
uuu-20170331_cal.xml	Edgar Link	unprocessable
uuu-20170331_def.xml	Edgar Link	unprocessable
uuu-20170331_lab.xml	Edgar Link	unprocessable
uuu-20170331_pre.xml	Edgar Link	unprocessable
v470477_10k.htm	Edgar Link	pending
v470477_ex23-1.htm	Edgar Link	pending
v470477_ex31-1.htm	Edgar Link	pending
v470477_ex31-2.htm	Edgar Link	pending
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v470477_ex99-1.htm	Edgar Link	pending

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$UUU
UNIVERSAL SECURITY INSTRUMENTS INC Stock $uuu

2017 Q2 Form 10-K Financial Statement

#000114420417036858 Filed on July 14, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$UUU UNIVERSAL SECURITY INSTRUMENTS INC Stock $uuu

2017 Q2 Form 10-K Financial Statement

#000114420417036858 Filed on July 14, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$UUU
UNIVERSAL SECURITY INSTRUMENTS INC Stock $uuu