10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0000096536-19-000045`
Period End Date	20191130
Filing Date	20191227
Fiscal Year	2020
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`	$2.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	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`	$5.28M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.35M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$10.80M	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`	$3.05M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$549.18K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$312.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.70M	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`	$753.30K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.07M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.32M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$193.36K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$190.75K	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`	$43.91M	USD	Point-in-time
Total assets	`Assets`	$41.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.93M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$1.31M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$847.17K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$2.32M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$633.70K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.15M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.88M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.70M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.78M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$39.15M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$40.48M	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`	$36.32M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$37.65M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$41.20M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$43.91M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$9.48M	USD	1 Quarter
Sales, net	`Revenues`	$7.70M	USD	1 Quarter
Sales, net	`Revenues`	$16.79M	USD	2 Qtrs
Sales, net	`Revenues`	$13.41M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$7.33M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$12.34M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$9.09M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.46M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.32M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.64M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.09M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.53M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.82M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.51M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$429.93K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.36M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$26.61K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$13.78K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$63.84K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$26.59K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.38M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$456.52K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.14M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.57M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$300.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$225.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$259.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$81.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$917.01K	USD	1 Quarter
Net income	`NetIncomeLoss`	$375.52K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.12M	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.32	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.11	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.26	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.37	USD	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$917.01K	USD	1 Quarter
Net income	`NetIncomeLoss`	$375.52K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.12M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$560.80K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$555.97K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$57.31K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$55.44K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.27M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.07M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$352.48K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$414.32K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$77.05K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$4.52M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-34.72K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$236.47K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$659.37K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$528.56K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-462.19K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-13.61K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.22M	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$1.69M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-379.03K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-388.79K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.37M	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.43M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$317.42K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$325.75K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$7.12K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$11.55K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-324.54K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-337.30K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$14.33K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$6.85K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.05M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.11M	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.96M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.96M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$12.12M	USD	Point-in-time

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