10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0000096536-13-000004`
Period End Date	20121130
Filing Date	20130114
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	tayd-20121130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 25 Income Statement 40 Cash Flow Statement 50

Balance Sheet 25 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.81K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.61M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$8.37M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$5.49M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.98M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$844.83K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.48M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$153.55K	USD	Point-in-time
Total assets	`Assets`	$26.46M	USD	Point-in-time
Short term borrowings	`LinesOfCreditCurrent`	$261.66K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.36M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$631.22K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$668.90K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.18M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$283.99K	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStockIncludingAdditionalPaidInCapital`	$7.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$14.12M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.50M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$19.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$26.46M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$11.35M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$13.82M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$6.78M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$6.51M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$8.72M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$7.86M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$5.13M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.49M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.10M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.48M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.04M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.03M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.32M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.07M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.17M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$614.56K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$39.08K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$3.18K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$-15.52K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$-8.64K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.06M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.21M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.16M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$617.74K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	$387.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	$682.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	$384.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	$204.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$769.36K	USD	1 Quarter
Net income	`NetIncomeLoss`	$821.86K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$413.74K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.38M	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.42	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.25	USD	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$769.36K	USD	1 Quarter
Net income	`NetIncomeLoss`	$821.86K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$413.74K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.38M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$262.71K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$271.16K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$35.60K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$26.50K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.06M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.12M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-786.98K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.89M	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-481.48K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$3.21M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$232.83K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$95.89K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.85M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$394.57K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$507.16K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$116.82K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$1.12M	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-537.31K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$230.36K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-483.81K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$108.79K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$393.67K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$461.50K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.63M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.93K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.94K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.63M	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-464.44K	USD	2 Qtrs
Net short-term borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.19M	USD	2 Qtrs
Net short-term borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.74K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$5.77K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$143.09K	USD	2 Qtrs
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$49.77K	USD	2 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.58K	USD	2 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.20M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-265.08K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.14K	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$32.81K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$32.81K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.