10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0000096536-17-000004`
Period End Date	20161130
Filing Date	20170112
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	tdi10q_q2ixbrl_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 40 Cash Flow Statement 44

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`	$4.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.01M	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`	$3.78M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$10.58M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.60M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$6.42M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$5.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.44M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.62M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$697.04K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$609.54K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.99M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$175.35K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$178.13K	USD	Point-in-time
Total Assets	`Assets`	$37.49M	USD	Point-in-time
Total Assets	`Assets`	$37.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.04M	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`	$898.57K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.46M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$838.42K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.73M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.44M	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`	$9.00M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$25.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.19M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.66M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.80M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$31.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$30.16M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$37.65M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$37.49M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$7.81M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$13.56M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$8.82M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$18.29M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$9.37M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$5.82M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$11.92M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.99M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.75M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.37M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.19M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.37M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.40M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.56M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.58M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.97M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.64M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.37M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.44K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$35.72K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$26.04K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$6.09K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.40M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.42M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.98M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.67M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$526.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$500.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$460.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$938.28K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$924.66K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.57	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.34	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$938.28K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$924.66K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$395.82K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$453.82K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$78.79K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$60.72K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$208.76K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.88M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-884.01K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-936.10K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$201.94K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-923.85K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$164.34K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$98.55K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$274.69K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-726.12K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$214.97K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-157.25K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$898.01K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-625.20K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.08M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$307.62K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-967.10K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$194.29K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$855.13K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.24M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$17.02K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.85K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.25M	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-857.98K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$266.02K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$150.94K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-397.66K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.07M	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.50M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time

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