NVE CORPORATION
BALANCE SHEETS
JUNE 30 AND MARCH 31, 2010
(Unaudited)
June 30, March 31,
2010 2010
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ASSETS
Current assets
Cash and cash equivalents $ 1,654,293 $ 1,389,288
Marketable securities, short term 1,836,026 1,566,666
Accounts receivable, net of allowance
for uncollectible accounts of $15,000 3,178,771 4,221,564
Inventories 1,848,177 1,706,427
Prepaid expenses and other assets 848,649 781,294
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Total current assets 9,365,916 9,665,239
Fixed assets
Machinery and equipment 5,679,090 5,617,136
Leasehold improvements 450,546 450,546
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6,129,636 6,067,682
Less accumulated depreciation 4,947,296 4,857,819
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Net fixed assets 1,182,340 1,209,863
Marketable securities, long term 51,185,164 46,587,812
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Total assets $61,733,420 $57,462,914
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $ 500,120 $ 665,782
Accrued payroll and other 742,957 720,867
Income taxes payable 1,543,822 --
Deferred taxes 53,631 102,138
Deferred revenue -- 20,833
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Total current liabilities 2,840,530 1,509,620
Shareholders' equity
Common stock 47,006 47,006
Additional paid-in capital 20,169,924 20,169,924
Accumulated other comprehensive income 968,225 1,129,726
Retained earnings 37,707,735 34,606,638
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Total shareholders' equity 58,892,890 55,953,294
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Total liabilities and shareholders' equity $61,733,420 $57,462,914
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