10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000096536-13-000022`
Period End Date	20130831
Filing Date	20131010
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	tayd-20130831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 20 Cash Flow Statement 46

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$277.82K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.64M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.24M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$8.79M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.12M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.12M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.46M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.22M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$903.27K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$904.30K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.70M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.21M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$159.08K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$160.43K	USD	Point-in-time
Total assets	`Assets`	$24.98M	USD	Point-in-time
Total assets	`Assets`	$25.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$516.12K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$436.73K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$167.84K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$171.88K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$765.67K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.51M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$398.19K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$398.19K	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.70M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.67M	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`	$21.67M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$22.07M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$25.62M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$24.98M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$5.30M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$7.32M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.70M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.28M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.03M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$253.91K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$895.94K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$8.35K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$6.88K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$262.26K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$902.82K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$61.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$295.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$607.82K	USD	1 Quarter
Net income	`NetIncomeLoss`	$201.26K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.06	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.18	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$607.82K	USD	1 Quarter
Net income	`NetIncomeLoss`	$201.26K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$127.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$178.11K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$43.30K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$35.60K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-392.65K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$339.31K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-676.72K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$1.63M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-664.10K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-80.34K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$132.24K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-144.87K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.52M	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$69.24K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$79.39K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-433.29K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-4.04K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$27.50K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-970.69K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.75M	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$667.39K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$528.19K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.35K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.35K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-529.53K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-668.74K	USD	1 Quarter
Net short-term borrowings and repayment of long-term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net short-term borrowings and repayment of long-term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	$3.48M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$2.96K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$160.56K	USD	1 Quarter
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$160.56K	USD	1 Quarter
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.48M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.92M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$203.86K	USD	1 Quarter
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$277.82K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$74.39K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$277.82K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$74.39K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time

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