10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000096536-19-000039`
Period End Date	20190831
Filing Date	20190926
Fiscal Year	2020
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`	$7.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.73M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.06M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.06M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.85M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.28M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.26M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.24M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$7.57M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$4.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$549.18K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$505.68K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.77M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$731.88K	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$745.90K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.11M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$190.75K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$191.93K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$189.12K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$189.12K	USD	Point-in-time
Total assets	`Assets`	$41.20M	USD	Point-in-time
Total assets	`Assets`	$41.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.41M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$1.31M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$1.00M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$633.70K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$235.28K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.76M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.88M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.64M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.86M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$39.56M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$39.15M	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`	$36.73M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$36.32M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$41.14M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$41.20M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$5.71M	USD	1 Quarter
Sales, net	`Revenues`	$7.31M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.01M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.68M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.31M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.29M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.37M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$392.35K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$931.65K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-12.81K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$37.23K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$918.83K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$429.58K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$75.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$178.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$354.58K	USD	1 Quarter
Net income	`NetIncomeLoss`	$740.83K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.21	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.10	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$354.58K	USD	1 Quarter
Net income	`NetIncomeLoss`	$740.83K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$280.40K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$287.01K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$57.31K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$55.44K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.57M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.44M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-381.75K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-36.62K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$3.07M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$1.77M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$43.50K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$141.33K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.33K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$437.94K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-56.88K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-305.39K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-172.13K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-398.42K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$231.25K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$97.69K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.36M	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.73M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$72.92K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$100.40K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$5.68K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.01K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-104.41K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.60K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$10.09K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$3.38K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.66M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.26M	USD	1 Quarter
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$7.12M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.73M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$7.12M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$6.73M	USD	Point-in-time

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