10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000096536-20-000020`
Period End Date	20200831
Filing Date	20200925
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	tdi10qfy21q1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 20 Cash Flow Statement 42 Stockholders Equity 5

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.42M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.07M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.08M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.82M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.71M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$10.11M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$9.55M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$1.68M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$1.75M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$510.36K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$513.70K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.95M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.09M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$879.05K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.41M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$195.62K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$196.84K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$170.12K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$170.12K	USD	Point-in-time
Total assets	`Assets`	$43.77M	USD	Point-in-time
Total assets	`Assets`	$45.08M	USD	Point-in-time
Short-term borrowings	`ShortTermBankLoansAndNotesPayable`	$1.46M	USD	Point-in-time
Short-term borrowings	`ShortTermBankLoansAndNotesPayable`	$1.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.37M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$445.64K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$305.88K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$856.03K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.66M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$736.87K	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$109.62K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.54M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.86M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.71M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$42.65M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$42.40M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.89M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$39.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$36.73M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$39.77M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$43.77M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.08M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$5.76M	USD	1 Quarter
Sales, net	`Revenues`	$5.71M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.20M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.68M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$191.37K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$392.35K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$37.23K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.65K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$201.01K	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`	$25.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$354.58K	USD	1 Quarter
Net income	`NetIncomeLoss`	$176.01K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.10	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.05	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`	$176.01K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$289.49K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$280.40K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$49.72K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$55.44K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.11M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.57M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-36.62K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$345.34K	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`	$77.58K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$43.50K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.34K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.33K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-242.93K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$139.75K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$-305.39K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-398.42K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-627.24K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$231.25K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-807.88K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$507.13K	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`	$244.46K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$7.23K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$5.68K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.60K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-251.69K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$3.74K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$3.38K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$259.17K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.66M	USD	1 Quarter
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$6.73M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$15.42M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$6.73M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$5.07M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$15.42M	USD	Point-in-time

Stockholders Equity 5 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$39.54M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$36.73M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$39.77M	USD	Point-in-time
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$354.58K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$176.01K	USD	1 Quarter

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