10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0000096536-20-000004`
Period End Date	20200229
Filing Date	20200325
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	tdi10q_q3_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 40 Cash Flow Statement 44 Stockholders Equity 7

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	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`	$14.14M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.06M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.07M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.28M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$11.24M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$10.49M	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`	$2.13M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$549.18K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$468.65K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.29M	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`	$884.89K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.47M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$190.75K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$194.50K	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`	$44.03M	USD	Point-in-time
Total assets	`Assets`	$41.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.40M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$514.92K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$1.31M	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`	$2.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.46M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.59M	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`	$9.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$31.56M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$39.15M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$41.27M	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
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`	$35.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$38.44M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$41.20M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$44.03M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$7.81M	USD	1 Quarter
Sales, net	`Revenues`	$20.65M	USD	3 Qtrs
Sales, net	`Revenues`	$7.23M	USD	1 Quarter
Sales, net	`Revenues`	$24.61M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$18.17M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$13.95M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.86M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.43M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.70M	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.37M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.46M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.55M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.25M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.44M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.88M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$520.82K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$934.96K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$23.97K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$100.64K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$36.80K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$37.75K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$971.75K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.92M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.54M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$544.79K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$189.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$358.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$99.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$489.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$782.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$445.79K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.56M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.05M	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.45	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.59	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.22	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$782.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$445.79K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.56M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.05M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$824.92K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$841.19K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$55.44K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$57.31K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$282.11K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.44M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$595.85K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$496.53K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-590.55K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$5.44M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$80.52K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-233.19K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$118.50K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$206.09K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$229.63K	USD	3 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-794.44K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$1.37M	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.35M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-668.82K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-70.67K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.88M	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.06M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$451.49K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$992.27K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$13.92K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$16.92K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-468.41K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.01M	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$10.23K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$18.57K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.07M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.43M	USD	3 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	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`	$14.14M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	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`	$14.14M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Total stockholders equity	`StockholdersEquity`	$36.32M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$35.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$38.44M	USD	Point-in-time
Net income	`NetIncomeLoss`	$782.75K	USD	1 Quarter
Net income	`NetIncomeLoss`	$445.79K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.56M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.05M	USD	3 Qtrs

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