10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000096536-15-000008`
Period End Date	20150228
Filing Date	20150414
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	tayd-20150228.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`	$2.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.89M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.27M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$8.98M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.37M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$4.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.56M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$836.57K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$645.32K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.87M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$168.69K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$164.57K	USD	Point-in-time
Total assets	`Assets`	$27.43M	USD	Point-in-time
Total assets	`Assets`	$29.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.08M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$448.43K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$429.84K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$850.53K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.61M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$596.16K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$579.68K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$558.49K	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.78M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.09M	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`	$23.08M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$24.45M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$27.43M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$29.77M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$19.82M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$6.57M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$4.81M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$14.71M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$3.50M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.83M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$14.42M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$10.81M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.41M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.73M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.57M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$973.54K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.88M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$341.65K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.02M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$463.38K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.83M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncome`	$3.37K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$14.33K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncome`	$8.58K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$18.99K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$350.24K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.04M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$466.75K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.85M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$559.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$75.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$309.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.29M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$729.92K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$391.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$222.24K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.22	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.39	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.29M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$729.92K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$391.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$222.24K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$556.88K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$528.58K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.00K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$43.30K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$37.11K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-996.53K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-652.72K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-101.90K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$152.41K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-1.73M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-481.42K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$64.77K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-11.48K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$913.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-152.34K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-57.45K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$18.59K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$763.66K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$563.70K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-555.91K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-747.63K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$182.84K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.00K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$453.94K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.30M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.12K	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`	$-458.07K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$168.56K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$40.54K	USD	3 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$168.56K	USD	3 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.54K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-421.53K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-952.58K	USD	3 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time

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