10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000096536-15-000026`
Period End Date	20150831
Filing Date	20151007
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	tayd-20150831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 20 Cash Flow Statement 44

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.59M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.20M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$8.66M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$5.01M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$5.17M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.22M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.73M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$889.93K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$829.77K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.98M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$171.30K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$170.00K	USD	Point-in-time
Total assets	`Assets`	$34.50M	USD	Point-in-time
Total assets	`Assets`	$33.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.70M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$723.25K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$763.46K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$2.46M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$2.72M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.59M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.28M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$628.78K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$628.78K	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.07M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.99M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.60M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.60M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$26.59M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$25.45M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$33.67M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$34.50M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$9.47M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$6.55M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$6.10M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.38M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$598.43K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.88K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.35K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.55M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$602.31K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$210.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$542.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$392.31K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.01M	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.30	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$392.31K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.01M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$185.63K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$193.62K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$60.72K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$37.11K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-366.56K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-835.10K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-476.85K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$331.49K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$156.48K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-1.15M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-9.27K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$31.06K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-196.53K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$620.84K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$23.29K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-40.21K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-260.03K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$537.98K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$210.97K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$191.40K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-165.80K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$815.68K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$298.66K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$110.39K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.33K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.30K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-299.97K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-111.72K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$4.22K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$69.12K	USD	1 Quarter
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$69.12K	USD	1 Quarter
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.22K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$708.18K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-396.64K	USD	1 Quarter
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.50M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$3.50M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time

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