Private company
STERLING CONSOLIDATED Corp
American gaskets company, incorporated in Nevada1
In its 2022 annual report the company says: “We are a holding company, and all of our operations are conducted through our four subsidiaries: Sterling Seal & Supply, Inc., ADDR Properties, LLC, Q5 Ventures, LLC, and Integrity Cargo Freight Corporation.”14 It is headquartered in Neptune, New Jersey.1
Last updated Oct 21, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2021
Where the money goes
Where each dollar of revenue went, fiscal 2021
- Cost of revenue74¢$7.7M
- Other costs15¢$1.6M
- Interest1¢$144.3K
- Income tax2¢$172.2K
- Profit8¢$807.9K
Out of $10.4M in revenue.3
Where each dollar of operating cash went, fiscal 2021
- Kept or used elsewhere100¢$202.2K
Out of $202.2K of cash from operations.3
Financial statements
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $6.4M4 | $5.7M5 | $6.5M6 | $7.1M7 | $9.6M8 | $8.8M3 | $10.4M3 |
| Cost of revenue | $5.2M4 | $4.2M5 | $5.4M6 | $5.0M7 | $7.4M8 | $6.8M3 | $7.7M3 |
| Gross profit | $1.2M4 | $1.6M5 | $1.0M6 | $2.2M7 | $2.2M8 | $2.0M3 | $2.7M3 |
| Research and development | $06 | $112.5K7 | $26.0K8 | ||||
| Operating expenses | $2.2M3 | ||||||
| Operating income | -$317.5K4 | $94.8K5 | -$837.2K6 | $309.5K7 | $432.4K8 | $138.6K3 | $561.0K3 |
| Interest | $151.4K4 | $141.5K5 | $124.6K6 | $138.3K7 | $194.3K8 | $162.9K3 | $144.3K3 |
| Income before tax | $980.0K3 | ||||||
| Income tax | -$128.6K4 | -$3.6K5 | -$330.3K6 | $224.1K7 | $3.5K8 | $52.9K3 | $172.2K3 |
| Net income | -$515.2K4 | -$85.3K5 | -$531.4K6 | -$66.7K7 | $212.2K8 | -$75.3K3 | $807.9K3 |
| Earnings per share | $0.003 | $0.023 | |||||
| Earnings per share (diluted) | $0.003 | $0.013 | |||||
| Shares (weighted, basic) | 47.3M shares3 | ||||||
| Shares (weighted, diluted) | 57.6M shares3 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash | $31.4K5 | $6.8K6 | $36.9K6 | $32.0K7 | $106.3K8 | $171.8K3 | $569.3K3 |
| Receivables | $1.5M3 | ||||||
| Inventory | $3.4M3 | ||||||
| Current assets | $3.6M4 | $3.3M5 | $3.3M6 | $3.6M7 | $4.9M8 | $4.4M3 | $5.6M3 |
| Property, plant and equipment | $918.1K3 | ||||||
| Total assets | $6.4M4 | $5.5M5 | $5.7M6 | $5.6M7 | $6.9M8 | $6.3M3 | $6.8M3 |
| Current liabilities | $2.7M4 | $1.9M5 | $3.3M6 | $3.1M7 | $2.6M8 | $2.3M3 | $2.0M3 |
| Long-term liabilities | $2.5M3 | ||||||
| Total liabilities | $5.5M4 | $4.7M5 | $5.0M6 | $4.8M7 | $5.4M8 | $4.8M3 | $4.4M3 |
| Retained earnings | -$371.2K3 | ||||||
| Shareholders’ equity | $854.5K5 | $769.2K6 | $754.9K7 | $800.6K8 | $1.5M3 | $1.4M3 | $2.3M3 |
| Shares outstanding | 40.7M shares4 | 40.7M shares5 | 40.7M shares6 | 42.0M shares7 | 47.3M shares8 | 47.3M shares3 | 47.3M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
What it owns
What STERLING CONSOLIDATED Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.4M3 Dec 31, 2021 | $3.1M3 Dec 31, 2020 | −21.2% |
| Accumulated depreciation | $1.5M3 Dec 31, 2021 | $1.6M3 Dec 31, 2020 | −7.3% |
| Property and equipment, net | $918.1K3 Dec 31, 2021 | $1.4M3 Dec 31, 2020 | −36.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $569.3K3 Dec 31, 2021 | $171.8K3 Dec 31, 2020 | +231.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated amortization | $127.0K3 Dec 31, 2021 | $113.0K3 Dec 31, 2020 | +12.4% |
Inventory
Leadership
Who has led STERLING CONSOLIDATED Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerDarren Derosa Jun 25, 2014 to Jun 25, 201413
Board members and other officers (1)
- Board memberDarren Derosa Jun 25, 2014 to Jun 25, 201413
Timeline
- Jun 25, 2014New chief executive Darren Derosa becomes CEO13
Filings
12 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 7 other. The latest 12:
- May 16, 2023NT 10-Q EDGAR
- Apr 3, 2023NT 10-K FORM 12B-25 EDGAR
- Jan 19, 202310-Q EDGAR
- Nov 15, 2022NT 10-Q EDGAR
- Aug 23, 202210-Q EDGAR
- Aug 16, 2022NT 10-Q EDGAR
- Jul 18, 202210-Q EDGAR
- Jul 15, 202210-K EDGAR
- May 17, 2022NT 10-Q EDGAR
- Apr 1, 2022NT 10-K EDGAR
- Nov 22, 202110-Q EDGAR
- Nov 16, 2021NT 10-Q 10-Q EDGAR
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How STERLING CONSOLIDATED Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSTERLING CONSOLIDATED Corp1
- CIK0001555972
- Employer ID (EIN)45-18409131
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inNevada1
- Fiscal year endsDecember 311
- Industry code (SIC)3050 Gaskets, Packg & Sealg Devices & Rubber & Plastics Hose1
- Business address1105 Green Grove Road, Neptune, NJ 077531
- Phone732 918 80041
- Shares outstanding47,284,689 as of Jan 19, 202311
- Public float$731.0K as of Jun 30, 20213
- On EDGAR sinceAug 10, 20121
- Filings110 in all: 10-Q (30), NT 10-Q (22), 8-K (16), 10-K (10), NT 10-K (8), UPLOAD (5), S-1 (4), S-1/A (3)1
All 17 form types
10-Q/A (2), EFFECT (2), RW (2), 1-A (1), 3 (1), 4 (1), 8-K/A (1), CORRESP (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Jul 15, 2022
Quarterly report (10-Q) Jan 19, 2023
Latest 8-K (8-K) Jul 10, 2020
Sources
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