10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000096536-14-000007`
Period End Date	20140228
Filing Date	20140411
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	tayd-20140228.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`	$355.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.24M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.12M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$8.97M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.46M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.94M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.30M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$904.30K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$910.06K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.98M	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`	$163.28K	USD	Point-in-time
Total assets	`Assets`	$25.62M	USD	Point-in-time
Total assets	`Assets`	$26.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.06M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$379.29K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$436.73K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$735.59K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$171.88K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.35M	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`	$7.49M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.40M	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`	$22.61M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$26.36M	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`	$19.58M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$4.81M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$14.71M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$5.75M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$12.41M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$3.69M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$10.81M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$3.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.16M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.06M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.88M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.16M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$973.54K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.02M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$341.65K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$932.54K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.00M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.03K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-10.67K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$8.58K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$18.99K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.04M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$930.51K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$350.24K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.99M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$308.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$309.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$990.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$222.24K	USD	1 Quarter
Net income	`NetIncomeLoss`	$622.51K	USD	1 Quarter
Net income	`NetIncomeLoss`	$729.92K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.00M	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.22	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.60	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$222.24K	USD	1 Quarter
Net income	`NetIncomeLoss`	$622.51K	USD	1 Quarter
Net income	`NetIncomeLoss`	$729.92K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.00M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$415.99K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$528.58K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$35.60K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$43.30K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-652.72K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.00M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-870.01K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$152.41K	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`	$-481.42K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$138.66K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$64.77K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-2.11M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-152.34K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-140.46K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-57.45K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-596.60K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$563.70K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-784.31K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-555.91K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.70M	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$182.84K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.16M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.30M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.19K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.20K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.30M	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.17M	USD	3 Qtrs
Net short-term borrowings and repayment of long-term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Net short-term borrowings and repayment of long-term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	$-261.66K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$168.56K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$8.70K	USD	3 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$168.56K	USD	3 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-252.96K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-952.58K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$281.35K	USD	3 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$355.30K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$355.30K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$73.95K	USD	Point-in-time

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