10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0000096536-18-000009`
Period End Date	20180228
Filing Date	20180413
Fiscal Year	2018
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 46

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$775.25K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.03M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.34M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.55M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.49M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.45M	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`	$8.05M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$359.88K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$427.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.53M	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`	$819.56K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.98M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$180.58K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$184.49K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$429.12K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$265.12K	USD	Point-in-time
Total assets	`Assets`	$38.78M	USD	Point-in-time
Total assets	`Assets`	$37.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.46M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$1.11M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$846.94K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$2.00M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$832.06K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$842.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.41M	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`	$9.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.85M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$35.69M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$36.20M	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`	$33.37M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$32.86M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$37.16M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$38.78M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$5.67M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$6.57M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$17.95M	USD	3 Qtrs
Sales, net	`SalesRevenueGoodsNet`	$19.24M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$13.40M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$4.03M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.12M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$13.62M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.33M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.84M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.75M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.73M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.10M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$581.80K	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$465.64K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$136.63K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$14.56K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$8.95K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncome`	$19.68K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncome`	$50.28K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.15M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$601.48K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$480.20K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$145.58K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$271.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$668.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$169.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$142.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$330.48K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-23.42K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$338.20K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.49M	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.09	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.10	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.43	USD	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$330.48K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-23.42K	USD	1 Quarter
Net income	`NetIncomeLoss`	$338.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.49M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$767.73K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$687.58K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$164.00K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$56.50K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$78.79K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.80M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-194.84K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$97.33K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.83M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-1.18M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-2.21M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$60.53K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$67.59K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$130.61K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-281.85K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$203.34K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$258.77K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$703.44K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$17.63K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.85M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$9.96K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.39M	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.83M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$750.29K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.62M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$14.91K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$20.30K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.64M	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-765.20K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$156.82K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$130.04K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.31M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.02M	USD	3 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$775.25K	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.32M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$6.09M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$775.25K	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$3.32M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time

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