XASE:ENA Quarterly Report 10-Q Filing - 3/31/2012

Effective Date 3/31/2012

XASE:ENA (): Fair Value Estimate
Premium
XASE:ENA (): Consider Buying
Premium
XASE:ENA (): Consider Selling
Premium
XASE:ENA (): Fair Value Uncertainty
Premium
XASE:ENA (): Economic Moat
Premium
XASE:ENA (): Stewardship
Premium
 
enova10q-mar312012.htm


 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

 
R
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 
For the quarterly period ending March 31, 2012

or

 
£
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 
For the transition period from _____________ to ______________

Commission file no. 1-33001

ENOVA SYSTEMS, INC.
(Exact name of registrant as specified in its charter)

California
95-3056150
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification Number)

1560 West 190th Street, Torrance, California 90501
(Address of principal executive offices, including zip code)

(310) 527-2800
(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes R No £

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes R No £

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer
o
Accelerated filer
o
Non-accelerated filer o Smaller reporting company x
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes £ No R

As of April 30, 2012, there were 44,317,330 shares of common stock outstanding.


ENOVA SYSTEMS, INC.
 
INDEX

 
   
1
1
2
3
4
13
22
22
   
 
   
24
24
26
26
26
26
27
   
28
 


PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS
ENOVA SYSTEMS, INC.

BALANCE SHEETS
       
March 31
   
December 31
 
       
2012
   
2011
 
ASSETS
  (unaudited)        
Current assets:
           
 
Cash and cash equivalents
  $ 1,358,000     $ 3,096,000  
 
Certificate of deposit, restricted
    200,000       200,000  
 
Accounts receivable, net
    922,000       759,000  
 
Inventories and supplies, net
    3,572,000       4,036,000  
 
Prepaid expenses and other current assets
    316,000       242,000  
   
Total current assets
    6,368,000       8,333,000  
 
Long term accounts receivable
    59,000       79,000  
 
Property and equipment, net
    825,000       928,000  
   
Total assets
  $ 7,252,000     $ 9,340,000  
                     
LIABILITIES AND STOCKHOLDERS' EQUITY
               
Current liabilities:
               
 
Accounts payable
  $ 490,000     $ 354,000  
 
Deferred revenues
    232,000       320,000  
 
Accrued payroll and related expenses
    203,000       266,000  
 
Other accrued liabilities
    506,000       517,000  
 
Current portion of notes payable
    62,000       62,000  
   
Total current liabilities
    1,493,000       1,519,000  
 
Accrued interest payable
    1,257,000       1,237,000  
 
Notes payable, net of current portion
    1,280,000       1,286,000  
   
Total liabilities
    4,030,000      

XASE:ENA Quarterly Report 10-Q Filling

XASE:ENA Stock - Get Quarterly Report SEC Filing of XASE:ENA stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

Content Partners
XASE:ENA Quarterly Report 10-Q Filing - 3/31/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices |  Most Recent Title |  Date |  Company |  Symbol |  Interest |  Popularity

Previous: XASE:ENA Insider Activity 4 Filing - 6/22/2012  |  Next: XASE:ENA Quarterly Report 10-Q Filing - 6/30/2012