10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0000096536-17-000017`
Period End Date	20170228
Filing Date	20170413
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	tdi10q_q3ixbrl_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 40 Cash Flow Statement 44

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$775.25K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.00M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.99M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.19M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.46M	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`	$7.71M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.38M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.62M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$672.49K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$697.04K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.93M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$175.35K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$179.32K	USD	Point-in-time
Total assets	`Assets`	$37.30M	USD	Point-in-time
Total assets	`Assets`	$37.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.49M	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`	$886.95K	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`	$1.48M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.73M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$886.14K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.74M	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`	$9.01M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$25.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.19M	USD	Point-in-time
Stockholdersequity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$34.68M	USD	Point-in-time
Stockholdersequity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$32.81M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.80M	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`	$31.88M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$37.49M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$37.30M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$19.24M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$8.33M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$26.62M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$5.67M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$13.40M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$5.01M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$16.93M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$4.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.69M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.84M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.05M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.73M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.65M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.64M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$2.10M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$465.64K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$50.28K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$14.56K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.72K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$12.16K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.67M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.65M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$480.20K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.15M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$492.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$668.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.53M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$142.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$338.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.49M	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.43	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.92	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.35	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.10	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$338.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.49M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$616.56K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$687.58K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$60.72K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$78.79K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-194.84K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.90K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.83M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.39M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-2.21M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$671.54K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$88.54K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$60.53K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-281.85K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-616.12K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$203.34K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-255.59K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$17.63K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-343.62K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$726.24K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.85M	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.70M	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.83M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.62M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.07M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$20.30K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.06K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.08M	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.64M	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$270.66K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$156.82K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.31M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.89M	USD	3 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.79M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.90M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$775.25K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - ending	`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`	$775.25K	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.