10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000096536-16-000060`
Period End Date	20160831
Filing Date	20161014
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	tayd-20160831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 20 Cash Flow Statement 42

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.00M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.99M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.58M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$10.20M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.60M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$5.50M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$4.88M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.45M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.08M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$697.04K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$697.06K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.45M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$176.61K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$175.35K	USD	Point-in-time
Total assets	`Assets`	$37.49M	USD	Point-in-time
Total assets	`Assets`	$36.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.77M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$683.60K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$684.44K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$940.99K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.46M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.73M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.65M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$682.99K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$682.99K	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.88M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.19M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.68M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.66M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$30.16M	USD	Point-in-time
Total stockholders'equity	`StockholdersEquity`	$30.59M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.40M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$37.49M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$5.76M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$9.47M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$6.10M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.45M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$266.15K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.55M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.68K	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`	$275.83K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$542.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$66.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$209.83K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.06	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.30	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$209.83K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$193.62K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$220.07K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$78.79K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$60.72K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-835.10K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$416.60K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-599.28K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-476.85K	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`	$617.92K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$31.06K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-12.72K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-196.53K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-155.70K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-40.21K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$844.00	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-522.63K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-260.03K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-839.37K	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`	$-585.65K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$673.31K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$298.66K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.26K	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`	$-674.57K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$69.12K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$144.63K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.12M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-396.64K	USD	1 Quarter
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.97M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.97M	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.