10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000096536-17-000037`
Period End Date	20170831
Filing Date	20171012
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	tdi10q_q1ixbrl_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 20 Cash Flow Statement 42

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.02M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.55M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.49M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.25M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$6.87M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$8.39M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$427.48K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$317.59K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.68M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$817.20K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$878.78K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.99M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$181.82K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$180.58K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$429.12K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$429.12K	USD	Point-in-time
Total assets	`Assets`	$37.16M	USD	Point-in-time
Total assets	`Assets`	$37.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.33M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$907.00K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$846.94K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.30M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.26M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$826.16K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$832.06K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.30M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.17M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.52M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$36.16M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$35.69M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.83M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$33.33M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$32.86M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$37.89M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$37.16M	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`	$6.57M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.31M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.45M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.21M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$410.08K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$266.15K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.66K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.68K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$413.75K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$275.83K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$112.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$66.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$209.83K	USD	1 Quarter
Net income	`NetIncomeLoss`	$301.75K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.06	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$209.83K	USD	1 Quarter
Net income	`NetIncomeLoss`	$301.75K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$261.58K	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`	$56.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$416.60K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-745.91K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-599.28K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$298.42K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$617.92K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-1.52M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-12.72K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$109.89K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-155.70K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$229.67K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$60.06K	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`	$-31.12K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-5.90K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-839.37K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-983.07K	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`	$620.79K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$3.32K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.26K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-674.57K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-624.11K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$144.63K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$119.08K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.12M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.49M	USD	1 Quarter
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.32M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.97M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$3.32M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.84M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.97M	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.