Company research
ANDREA ELECTRONICS CORP
CIK 6494Updated Sep 27, 2026
SecurityANDR · OTC · equity
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Financials
FY 2022 · USDSource
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balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 877,881Source | 1,138,444Source | 1,209,904Source | 1,289,471Source |
| Property, Plant and Equipment, NetUSD | 36,537Source | 39,511Source | 17,725Source | 26,160Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 55,622Source | 148,349Source | 362,730Source | 335,790Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 165,712Source | 236,338Source | 182,871Source | 378,179Source |
| Inventory, NetUSD | 284,159Source | 259,007Source | 114,393Source | 210,161Source |
| Assets, CurrentUSD | 562,229Source | 742,857Source | 770,229Source | 966,576Source |
| Prepaid Expense and Other Assets, CurrentUSD | 56,736Source | 99,163Source | 110,235Source | 42,446Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | 204,081Source | 60,362Source |
| Other Assets, NoncurrentUSD | 120,306Source | 161,876Source | 209,331Source | 65,612Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,326,676Source | 3,299,060Source | 2,996,724Source | 2,252,456Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — | — |
| Common Stock, Value, IssuedUSD | 681,050Source | 681,050Source | 681,050Source | 681,050Source |
| Additional Paid in CapitalUSD | 78,086,910Source | 78,086,910Source | 78,086,910Source | 78,086,910Source |
| Retained Earnings (Accumulated Deficit)USD | -81,225,827Source | -80,937,648Source | -80,563,852Source | -79,740,017Source |
| Stockholders' Equity Attributable to ParentUSD | -2,448,795Source | -2,160,616Source | -1,786,820Source | -962,985Source |
| Liabilities and EquityUSD | 877,881Source | 1,138,444Source | 1,209,904Source | 1,289,471Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 552,593Source | 727,917Source | 448,738Source | 409,726Source |
| Operating Lease, Liability, CurrentUSD | 38,702Source | — | 159,794Source | 15,221Source |
| Accounts Payable, CurrentUSD | — | 39,909Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 81,184Source | — | 204,424Source | 62,585Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 165,712Source | 236,338Source | 182,871Source | 378,179Source |
| Accrued Liabilities, CurrentUSD | 524,653Source | 704,363Source | 419,591Source | 390,558Source |
| Deferred Revenue, CurrentUSD | — | 123,451Source | 34,178Source | — |
| Dividends Payable, CurrentUSD | 19,168Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 2,451,257Source | 2,388,192Source | 1,827,509Source |
| Long-term Debt, Current MaturitiesUSD | 8,772Source | 4,386Source | 9,979Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,692,899Source | 2,451,257Source | 2,388,192Source | 1,827,509Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 49,905Source | 38,082Source | 52,231Source | 77,361Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | 17,710Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -69,358Source | 54,052Source | -194,689Source | -38,697Source |
| Increase (Decrease) in InventoriesUSD | 16,013Source | 154,434Source | -104,948Source | 14,083Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -226,187Source | -455,709Source | -448,543Source | -333,994Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -11,540Source | -41,449Source | -25,292Source | -16,737Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 10,864Source | 29,508Source | 5,989Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 145,000Source | 282,777Source | 500,775Source | 200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -92,727Source | -214,381Source | 26,940Source | -150,731Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 148,349Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,924Source | 3,655Source | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 0Source | — | — | 17,710Source |
| Amortization of Intangible AssetsUSD | 36,067Source | 30,360Source | 37,807Source | 48,433Source |
| Dividends Payable, CurrentUSD | 19,168Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | — | — | — |
| Income Tax Expense (Benefit)USD | 1,268Source | 585Source | 619Source | 1,805Source |
| Inventory Write-downUSD | -9,139Source | 9,820Source | -9,180Source | 16,978Source |
| Net Income (Loss) Attributable to ParentUSD | -288,179Source | -373,796Source | -823,835Source | -548,566Source |
| Proceeds from Issuance of Long-term DebtUSD | — | 140,000Source | 200,000Source | 200,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,961,796Source | 1,621,327Source | 1,295,833Source | 1,852,322Source |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 1,961,796Source | 1,663,497Source | 1,355,363Source | 1,895,240Source |
| Cost of RevenueUSD | 578,174Source | 433,022Source | — | — |
| Selling, General and Administrative ExpenseUSD | 1,090,405Source | 1,074,589Source | 1,058,980Source | 1,070,654Source |
| Operating Income (Loss)USD | -323,117Source | -595,052Source | -755,196Source | -476,628Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -286,911Source | -373,211Source | -823,216Source | -546,761Source |
| Income Tax Expense (Benefit)USD | 1,268Source | 585Source | 619Source | 1,805Source |
| Net Income (Loss) Attributable to ParentUSD | -288,179Source | -373,796Source | -823,835Source | -548,566Source |
| Earnings Per Share, BasicUSD per share | 0Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 68,104,957Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 36,067Source | 30,360Source | 37,807Source | 48,433Source |
| Current Income Tax Expense (Benefit)USD | 1,268Source | 585Source | 619Source | 1,805Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 50,000Source | 38,000Source | 52,000Source | — |
| Gross ProfitUSD | 1,383,622Source | 1,230,475Source | 1,044,458Source | 1,357,040Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -293,253Source | -376,136Source | -826,359Source | -555,843Source |
| Interest Income (Expense), NetUSD | -103,931Source | -73,505Source | -68,020Source | -70,133Source |
| Marketing and Advertising ExpenseUSD | 7,000Source | 6,000Source | 6,000Source | 12,000Source |
| Research and Development ExpenseUSD | 460,318Source | 587,499Source | 573,980Source | 568,799Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,961,796Source | 1,621,327Source | 1,295,833Source | 1,852,322Source |