10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0000096536-16-000036`
Period End Date	20160229
Filing Date	20160412
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	tayd-20160229.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`	$4.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.73M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.75M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$8.66M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$10.28M	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`	$4.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.16M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.46M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$889.93K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$662.95K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.87M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$174.06K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$170.00K	USD	Point-in-time
Total assets	`Assets`	$36.62M	USD	Point-in-time
Total assets	`Assets`	$33.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.70M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$763.46K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$507.87K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$2.72M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$2.38M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.40M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.59M	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`	$8.45M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.09M	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`	$28.90M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$25.45M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.62M	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`	$19.82M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$26.62M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$6.57M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$8.33M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.01M	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`	$16.93M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.69M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.41M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.57M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.05M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.65M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.83M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$4.64M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$463.38K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$14.33K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncome`	$2.72K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$12.16K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncome`	$3.37K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.85M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.65M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$466.75K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.67M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$75.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.53M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$492.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$559.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$391.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.29M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.92	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`	$0.35	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$391.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.29M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$616.56K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$556.88K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$60.72K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$37.11K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.90K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-996.53K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.39M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-101.90K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$671.54K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-1.73M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-11.48K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$88.54K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-616.12K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$913.00K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$18.59K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-255.59K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-343.62K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$763.66K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$726.24K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-747.63K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.70M	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`	$1.07M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.12K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.06K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-458.07K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.08M	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$40.54K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$270.66K	USD	3 Qtrs
Net financing activities	`NetCashProvidedByUsedInFinancingActivities`	$270.66K	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`	$1.89M	USD	3 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time

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