10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000096536-21-000028`
Period End Date	20211130
Filing Date	20211229
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	tdi10qfy22q2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 40 Cash Flow Statement 46 Stockholders Equity 17

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`	$15.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.65M	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`	$4.31M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.81M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.84M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.88M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$1.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$622.63K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$977.52K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.11M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.55M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.74M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$200.54K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$203.09K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$190.12K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$190.12K	USD	Point-in-time
Total assets	`Assets`	$46.06M	USD	Point-in-time
Total assets	`Assets`	$45.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.79M	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$526.74K	USD	Point-in-time
Accrued commissions	`AccruedSalesCommissionCurrent`	$269.06K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.54M	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`	$716.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.29M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.11M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$33.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$34.44M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$43.71M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$44.69M	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`	$40.80M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$41.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$40.42M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.93M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$46.06M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$10.48M	USD	2 Qtrs
Sales, net	`Revenues`	$15.07M	USD	2 Qtrs
Sales, net	`Revenues`	$4.72M	USD	1 Quarter
Sales, net	`Revenues`	$7.76M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$8.35M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.14M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.37M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$11.09M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.39M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.98M	USD	2 Qtrs
Gross profit	`GrossProfit`	$576.39K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.13M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.25M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.61M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.61M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.08M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$898.53K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$780.39K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-478.45K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-669.82K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.48M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$7.42K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$71.16K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.47M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$969.68K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.00M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$787.80K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$800.29K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$155.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$180.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$645.29K	USD	1 Quarter
Net income	`NetIncomeLoss`	$659.80K	USD	1 Quarter
Net income	`NetIncomeLoss`	$821.30K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$841.68K	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.24	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.24	USD	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$645.29K	USD	1 Quarter
Net income	`NetIncomeLoss`	$659.80K	USD	1 Quarter
Net income	`NetIncomeLoss`	$821.30K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$841.68K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$590.64K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$637.36K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$125.76K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$49.72K	USD	2 Qtrs
Paycheck Protection Program debt forgiveness	`GainLossOnPaycheckProtectionProgramLoanForgiveness`	$1.46M	USD	2 Qtrs
Paycheck Protection Program debt forgiveness	`GainLossOnPaycheckProtectionProgramLoanForgiveness`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$997.25K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-189.32K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$989.30K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$88.56K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$211.87K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-2.39M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$354.90K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-22.71K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-491.40K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-284.61K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$20.55K	USD	2 Qtrs
Accrued commissions	`IncreaseDecreaseInOtherOperatingLiabilities`	$257.68K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-355.69K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-645.50K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-787.43K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-175.56K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.37M	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$561.91K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$560.16K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$720.86K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$7.25K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$14.72K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-567.41K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-735.58K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$7.38K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$8.10K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-166.29K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.93M	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$14.99M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$18.65M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$14.99M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$18.65M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$40.80M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$41.77M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$40.42M	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`	$41.77M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$40.42M	USD	Point-in-time
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$645.29K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$659.80K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$821.30K	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$841.68K	USD	2 Qtrs
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`	$40.80M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$41.77M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$40.42M	USD	Point-in-time

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