NVE CORPORATION
BALANCE SHEETS
JUNE 30 AND MARCH 31, 2013
June 30, March 31,
2013 2013
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ASSETS
Current assets
Cash and cash equivalents $ 2,270,943 $ 2,509,683
Marketable securities, short term 9,913,371 9,711,029
Accounts receivable, net of
allowance for uncollectible
accounts of $15,000 2,470,003 2,521,395
Inventories 3,231,940 3,336,592
Deferred tax assets 250,809 --
Prepaid expenses and other assets 1,060,094 958,147
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Total current assets 19,197,160 19,036,846
Fixed assets
Machinery and equipment 8,417,061 8,417,061
Leasehold improvements 1,499,454 1,499,454
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9,916,515 9,916,515
Less accumulated depreciation 6,418,258 6,228,122
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Net fixed assets 3,498,257 3,688,393
Marketable securities, long term 75,352,422 73,040,257
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Total assets $ 98,047,839 $ 95,765,496
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $ 338,633 $ 422,092
Accrued payroll and other 733,982 918,060
Income taxes payable 1,044,404 --
Deferred taxes -- 440,736
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Total current liabilities 2,117,019 1,780,888
Long-term deferred tax liabilities 234,422 --
Shareholders' equity
Common stock 48,624 48,624
Additional paid-in capital 21,200,742 21,200,742
Accumulated other comprehensive
income 702,691 1,557,726
Retained earnings 73,744,341 71,177,516
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Total shareholders' equity 95,696,398 93,984,608
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Total liabilities and shareholders'
equity $ 98,047,839 $ 95,765,496
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