10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000096536-21-000021`
Period End Date	20210831
Filing Date	20210930
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	tdi10qfy22q1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 20 Cash Flow Statement 42 Stockholders Equity 15

Balance Sheet 49 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.10M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.10M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$4.12M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$2.76M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.47M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.84M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$1.50M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.29M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$913.36K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$977.52K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.67M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.61M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.59M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.82M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$201.69K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$200.54K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$190.12K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$190.12K	USD	Point-in-time
Total assets	`Assets`	$45.93M	USD	Point-in-time
Total assets	`Assets`	$45.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.79M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$460.17K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$269.06K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.72M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.36M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$967.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.64M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.12M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$33.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$33.60M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$43.90M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$43.71M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.92M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$39.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$40.80M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$40.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.62M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.93M	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`	$7.31M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.20M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.47M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$118.14K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$191.37K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$63.74K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.65K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$181.88K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$201.01K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$176.01K	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.88K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.05	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`	$176.01K	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.88K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$313.79K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$289.49K	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	-	USD	1 Quarter
Stock options issued for services	`StockOptionPlanExpense`	$49.72K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.36M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.11M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$387.86K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$345.34K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-1.79M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$77.58K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$64.16K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.34K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-242.93K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$158.46K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$139.75K	USD	1 Quarter
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$191.10K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-394.56K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-627.24K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-807.88K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-449.90K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$507.13K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.20K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$244.46K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$461.95K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$5.85K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$7.23K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-251.69K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-467.80K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$3.83K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$3.74K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-434.77K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$259.17K	USD	1 Quarter
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$15.42M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents - ending	`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`	$20.15M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$39.77M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$40.80M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$40.98M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$39.77M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$40.80M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$40.98M	USD	Point-in-time
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$176.01K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$181.88K	USD	1 Quarter
Treasury Stock, Value	`TreasuryStockValue`	$2.92M	USD	Point-in-time
Treasury Stock, Value	`TreasuryStockValue`	$2.92M	USD	Point-in-time
Treasury Stock, Value	`TreasuryStockValue`	$2.92M	USD	Point-in-time
Treasury Stock, Value	`TreasuryStockValue`	$2.92M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$39.77M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$40.80M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$40.98M	USD	Point-in-time

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