AIR INDUSTRIES GROUP company info

CIK 1009891
IRS Number 204458244
State of incorporation NV
Business address 1460 FIFTH AVENUE
None
BAY SHORE
NY
11706
Mail address 1460 FIFTH AVENUE
None
BAY SHORE
NY
11706

Short summary

AIR INDUSTRIES GROUP is a New York company, with head office located at 1460 Fifth Avenue Bay Shore, New York 11706. In 2019 the company owned a total of 50.75 million USD worth of assets, including 37.69 million USD worth of current assets. 2015 was the year when the company amassed the most assets.

AIR INDUSTRIES GROUP Income Statement

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Revenue, Net 48.6053.7564.2262.8364.3380.4451.3249.87
Gross Profit 7.4710.9314.8615.2414.1017.284.274.875.41
Operating Expenses 11.438.84
Operating Income (Loss) 0.554.385.984.611.740.63-10.14-12.76-5.96
Other Nonoperating Income (Expense) 0.11-0.13-0.02
Income Tax Expense (Benefit) 0.061.45-0.17-0.37-0.292.10-0.200.00
Net income -2.912.252.553.740.67-0.83-15.62-22.55-10.99

AIR INDUSTRIES GROUP Balance Sheet

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Cash and cash equivalents 0.460.251.240.961.171.210.760.430.411.360.33
Inventories 21.4426.6028.2529.2733.2840.5339.5939.0530.1630.35
Deferred income taxes 1.221.362.3900
Property, Plant and Equipment, Gross 13.9115.5418.5429.7735.4931.4933.0732.3932.86
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 8.77-10.41-12.4515.2818.4620.3823.0823.9924.73
Goodwill 0.290.450.454.518.7210.529.880.270.160.16
Intangible Assets, Net (Excluding Goodwill) 1.786.505.314.143.903.211.17
Total assets 34.3852.2750.8558.4178.5890.0575.8763.4053.3250.75
Current assets 26.6438.6938.5841.6048.3756.4250.4049.7839.8837.69
Accounts payable 6.555.715.145.649.8413.848.636.78
Taxes Payable, Current 00.632.401.7700.020.020.020.02
Total current liabilities 18.9426.1327.0322.7344.4649.6847.7340.5235.1733.00
Long-term Debt, Excluding Current Maturities 3.022.502.08
Long-term Debt 11.546.773.383.392.775.262.331.240.420.27
Total liabilities 32.1034.5932.0627.7448.8156.5151.6845.1443.0340.19
Common Stock, Value, Issued 0.000.010.010.010.010.010.010.030.030.03
Retained Earnings (Accumulated Deficit) -23.73-20.34-18.43-14.24-15.02-17.04-34.11-54.81-66.18-65.99

AIR INDUSTRIES GROUP Cash Flow

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Net income -2.912.252.553.740.67-0.83-15.62-22.55-10.99
Depreciation 1.771.501.561.712.363.093.352.722.88
Amortization of Intangible Assets 0.170.170.691.161.161.261.280.67
Deferred Income Tax Expense (Benefit) -1.24-1.04-0.222.060-0.92
Accounts receivable 0.85-2.09-4.61-2.872.42-0.09-4.62-1.000.56
Inventories 0.13-1.081.14-0.441.808.412.90-0.91-1.40
Deferred revenue -0.250.540.080.412.08
Net Cash Provided by (Used in) Operating Activities 2.903.631.698.89-2.80-0.89-0.69-3.99-2.34
Payments to Acquire Property, Plant, and Equipment 0.770.781.060.290.571.561.631.511.26
Payments to Acquire Businesses, Net of Cash Acquired 11.600.458.936.950
Net Cash Provided by (Used in) Investing Activities -1.11-1.29-13.04-1.12-9.66-8.56-0.921.763.69
Proceeds from Issuance of Common Stock 07.732.89
Net Cash Provided by (Used in) Financing Activities -1.71-2.3111.26-7.7013.328.572.391.550.03
Cash and Cash Equivalents, Period Increase (Decrease) 0.080.04-0.090.070.86-0.890.78-0.671.38