10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000096536-22-000030`
Period End Date	20220831
Filing Date	20220930
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	tdi10qfy23q1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 22 Cash Flow Statement 38 Stockholders Equity 11

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.52M	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`	$4.47M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$5.83M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.90M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.85M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.34M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.83M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$704.44K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$418.55K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.77M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.11M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.37M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$206.50K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$205.36K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$74.61K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$74.61K	USD	Point-in-time
Total assets	`Assets`	$49.22M	USD	Point-in-time
Total assets	`Assets`	$49.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.43M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.12M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.61M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.13M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.33M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$35.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$36.84M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$47.21M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$46.17M	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
Treasury stock - at cost	`TreasuryStockValue`	$2.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$43.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$44.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$40.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$49.42M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$49.22M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$9.09M	USD	1 Quarter
Sales, net	`Revenues`	$7.31M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.44M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.38M	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$281.94K	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$375.35K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.47M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$118.14K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$40.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$63.74K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$181.88K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.22M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$216.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.88K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$0.05	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.88K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$313.79K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$317.79K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsReceivable`	$1.37M	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.36M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-57.87K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-387.86K	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`	$-503.94K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-64.16K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-285.88K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$22.11K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$158.46K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$491.33K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-394.56K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-258.79K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.35M	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-30.89K	USD	1 Quarter
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.20K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$461.95K	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$833.46K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$5.85K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.14K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-467.80K	USD	1 Quarter
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-834.60K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$3.83K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$35.29K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-830.20K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-434.77K	USD	1 Quarter
Cash and cash equivalents beginning	`CashAndCashEquivalentsAtCarryingValue`	$21.69M	USD	Point-in-time
Cash and cash equivalents beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents beginning	`CashAndCashEquivalentsAtCarryingValue`	$22.52M	USD	Point-in-time
Cash and cash equivalents ending	`CashAndCashEquivalentsAtCarryingValue`	$21.69M	USD	Point-in-time
Cash and cash equivalents ending	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents ending	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents ending	`CashAndCashEquivalentsAtCarryingValue`	$22.52M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$43.26M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$44.29M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$40.98M	USD	Point-in-time
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$1.00M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$181.88K	USD	1 Quarter
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$43.26M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$44.29M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$40.98M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$43.26M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$44.29M	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.