10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000096536-14-000003`
Period End Date	20131130
Filing Date	20140113
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	tayd-20131130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 40 Cash Flow Statement 48

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
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`	$1.33M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.36M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.24M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.12M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.02M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.98M	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`	$1.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.34M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.04M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$904.30K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.21M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$161.78K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$159.08K	USD	Point-in-time
Total assets	`Assets`	$25.62M	USD	Point-in-time
Total assets	`Assets`	$26.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$436.73K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$452.12K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$654.94K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$171.88K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.55M	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`	$17.18M	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`	$22.38M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$26.24M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$25.62M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$4.60M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$9.90M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$6.51M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$13.82M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$8.72M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$3.29M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.03M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$7.31M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.59M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.10M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.03M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.91M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$883.68K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.07M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$424.37K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$678.28K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.17M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-15.52K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.06K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-8.64K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$10.40K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$426.42K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.06M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$688.69K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.16M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$387.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$120.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$682.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$181.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$507.69K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$769.36K	USD	1 Quarter
Net income	`NetIncomeLoss`	$306.42K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.42	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.15	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$507.69K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$769.36K	USD	1 Quarter
Net income	`NetIncomeLoss`	$306.42K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$356.34K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$271.16K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$43.30K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$35.60K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.06M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-117.77K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-28.46K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-786.98K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-520.64K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$3.21M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$94.12K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$95.89K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-23.58K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.85M	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$116.82K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$15.39K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-537.31K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$483.06K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-567.68K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-483.81K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$393.67K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$241.78K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.63M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.07M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.93K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.70K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.63M	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.08M	USD	2 Qtrs
Net short-term borrowings and repayment of long-term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.19M	USD	2 Qtrs
Net short-term borrowings and repayment of long-term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$163.23K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$5.77K	USD	2 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$163.23K	USD	2 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.20M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.14K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-671.31K	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
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`	$1.33M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	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`	$1.33M	USD	Point-in-time

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