10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000096536-18-000003`
Period End Date	20171130
Filing Date	20180112
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	tdi10q_q2ixbrl_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`	$3.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.02M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.51M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.55M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.49M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.79M	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`	$7.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$308.96K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$427.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.68M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$878.78K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$842.15K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.22M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$183.31K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$180.58K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$429.12K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$429.12K	USD	Point-in-time
Total assets	`Assets`	$37.55M	USD	Point-in-time
Total assets	`Assets`	$37.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.33M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$846.94K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$1.11M	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`	$793.07K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$919.48K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$832.06K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.30M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.35M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.87M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$36.22M	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`	$32.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$33.39M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$37.55M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$37.16M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$13.56M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$4.81M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$11.38M	USD	2 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$7.81M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$9.37M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$8.50M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$3.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.19M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.88M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.37M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.56M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.43M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.64M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$445.17K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$35.08K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.37M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$26.04K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$7.06K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$10.73K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncome`	$35.72K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.40M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.67M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.15K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$455.89K	USD	2 Qtrs
Provision for income taxes (benefit)	`IncomeTaxExpenseBenefit`	$526.00K	USD	2 Qtrs
Provision for income taxes (benefit)	`IncomeTaxExpenseBenefit`	$-10.00K	USD	1 Quarter
Provision for income taxes (benefit)	`IncomeTaxExpenseBenefit`	$460.00K	USD	1 Quarter
Provision for income taxes (benefit)	`IncomeTaxExpenseBenefit`	$102.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$353.89K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$52.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$938.28K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.10	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.34	USD	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$353.89K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$52.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$938.28K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$507.18K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$453.82K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$56.50K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$78.79K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-963.21K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$208.76K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-265.19K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-884.01K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-650.72K	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`	$118.52K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$11.61K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$274.69K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$214.97K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$258.47K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-625.20K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-502.92K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$87.42K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.08M	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-988.45K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-967.10K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.24M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$736.84K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$17.02K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$10.94K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.25M	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-747.78K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$150.94K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$124.62K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.07M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.61M	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.32M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$3.32M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.71M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time

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