10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000096536-16-000032`
Period End Date	20151130
Filing Date	20160112
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	tayd-20151130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 40 Cash Flow Statement 46

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.16M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.64M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.75M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.74M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$8.66M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$5.17M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$4.97M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.25M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.00M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$745.55K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$889.93K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.33M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$172.84K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$170.00K	USD	Point-in-time
Total assets	`Assets`	$36.25M	USD	Point-in-time
Total assets	`Assets`	$33.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.70M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$606.22K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$763.46K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$3.62M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$2.72M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.70M	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`	$7.91M	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`	$8.44M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.98M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.64M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.60M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$25.45M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$27.71M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$33.67M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$13.26M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$18.29M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$6.71M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$8.82M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$11.92M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$9.58M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$4.72M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.82M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.99M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.37M	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.67M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.99M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.22M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.58M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.30M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.40M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$771.24K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.37M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$2.97M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.42M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$9.44K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$10.95K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$7.08K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$6.09K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.98M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.38M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$778.31K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$500.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$274.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$484.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$924.66K	USD	1 Quarter
Net income	`NetIncomeLoss`	$896.62K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$504.31K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.27	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.57	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$924.66K	USD	1 Quarter
Net income	`NetIncomeLoss`	$896.62K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$504.31K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$395.82K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$371.26K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$60.72K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$37.11K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.88M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-137.12K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$311.42K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-936.10K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-2.40M	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$201.94K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$98.55K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-139.87K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$560.65K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-726.12K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-157.25K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$64.50K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$1.58M	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$898.01K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-498.00K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$307.62K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$194.29K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$646.99K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$855.13K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$289.65K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.89K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.85K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-292.54K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-857.98K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$12.75K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$266.02K	USD	2 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$266.02K	USD	2 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.75K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-397.66K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$367.21K	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.16M	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 - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$3.16M	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
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time

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