AMERICAN DEFENSE SYSTEMS INC
Industrials · Miscellaneous Transportation Equipment · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY11 | FY10 | |
|---|---|---|
| Revenue | — | — |
| Operating income | −$3.3M | −$3.7M |
| Net income | $9.4M | −$9.4M |
| Total assets | $3.1M | $9.8M |
| Total liabilities | $3.3M | $19.5M |
| Equity | −$235,012 | −$9.8M |
| EPS (diluted) | — | — |
| Shares out. | 55.0M | 54.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2011- Operating margin
- —
- Net margin
- —
- Return on equity
- −3985.6%
- Return on assets
- 300.7%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 107.5%
- Debt / equity
- —
- Book value / share
- $-0.00
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2011- Altman Z″ (distress)
- -26.77distress
- Accruals / assets
- 355.3%high accruals
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 3 warning● 0 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 14, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2012
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2011
- NT 10-Qmissed a reporting deadline ↗Aug 10, 2011
- NT 10-Qmissed a reporting deadline ↗May 11, 2011
- NT 10-Kmissed a reporting deadline ↗Mar 29, 2011
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Changed auditorFeb 11, 2013
- Director / officer changeDec 28, 2012
- Director / officer changeJul 11, 2012
- Director / officer changeJan 17, 2012
- Amended charter or bylawsJan 10, 2012
- Shareholder voteJan 6, 2012
- Delisting / listing-standard notice · Other material eventDec 1, 2011
- Director / officer change · Other material eventNov 4, 2011
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4PRIMARY DOCUMENTMay 1, 2020
- 4PRIMARY DOCUMENTMar 4, 2020
- 4PRIMARY DOCUMENTDec 18, 2019
- 4PRIMARY DOCUMENTNov 8, 2019
- 4PRIMARY DOCUMENTOct 7, 2019
- 4PRIMARY DOCUMENTAug 23, 2018
- 3PRIMARY DOCUMENTAug 23, 2018
- DOct 10, 2013
- EFFECTApr 10, 2013
- POS AMPOST-EFFECTIVE AMENDMENT NO. 2Apr 9, 2013
- AWFORM AWApr 9, 2013
- RWFORM RWApr 9, 2013
- 15-12GFORM 15 CERTIFICATION AND NOTICE OF TERMINATIONMar 12, 2013
- S-8 POSFORM S-8/A AMENDED REGISTRATION STATEMENTMar 12, 2013
- POS AMFORM S-3/A AMENDED REGISTRATION STATEMENTMar 12, 2013