10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0000096536-13-000007`
Period End Date	20130228
Filing Date	20130411
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	tayd-20130228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 40 Cash Flow Statement 50

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$355.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$641.43K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.61M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.61M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.01M	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
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$1.88M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.43M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.98M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.08M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$844.83K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.48M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$153.55K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$157.74K	USD	Point-in-time
Total assets	`Assets`	$24.61M	USD	Point-in-time
Total assets	`Assets`	$26.46M	USD	Point-in-time
Short term borrowings	`LinesOfCreditCurrent`	$261.66K	USD	Point-in-time
Short term borrowings	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.25M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$631.22K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$490.76K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$668.90K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$72.30K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.26M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.28M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$283.99K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$283.99K	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStockIncludingAdditionalPaidInCapital`	$7.42M	USD	Point-in-time
Common stock and additional paid-in capital	`CommonStockIncludingAdditionalPaidInCapital`	$7.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$14.12M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.50M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.50M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$21.04M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$19.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$24.61M	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`	$8.01M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$19.58M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$5.75M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$19.36M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$5.70M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$13.56M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$3.69M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$12.41M	USD	3 Qtrs
Gross profit	`GrossProfit`	$7.16M	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.80M	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.16M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.88M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$932.54K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$754.37K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.00M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.92M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$14.84K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.03K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$53.92K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-10.67K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$769.21K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.99M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.98M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$930.51K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	$990.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	$639.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	$308.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	$255.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$622.51K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.34M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$514.21K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.16	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.41	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.60	USD	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$622.51K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.34M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$514.21K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$415.99K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$383.68K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$35.60K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$26.50K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.31M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.00M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.64M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-870.01K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$3.61M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-1.30M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$138.66K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$159.59K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.28M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-2.11M	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-140.46K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$258.54K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$636.40K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-596.60K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-784.31K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$387.08K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-784.27K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.70M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.16M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$940.39K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.23K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.19K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.17M	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-944.62K	USD	3 Qtrs
Net short-term borrowings and repayment of long-term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	$-261.66K	USD	3 Qtrs
Net short-term borrowings and repayment of long-term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.11K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$8.70K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$230.67K	USD	3 Qtrs
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$49.77K	USD	3 Qtrs
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$176.78K	USD	3 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-252.96K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$281.35K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.55M	USD	3 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$355.30K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$641.43K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$355.30K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$641.43K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time

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