10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000096536-23-000002`
Period End Date	20221130
Filing Date	20230106
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	tdi10qfy23q2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 44 Cash Flow Statement 42 Stockholders Equity 13

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	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`	$5.94M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$4.47M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.85M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.60M	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`	$5.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$704.44K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$890.51K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.83M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.11M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$972.28K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.85M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$207.88K	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`	$51.70M	USD	Point-in-time
Total assets	`Assets`	$49.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.54M	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`	$1.09M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.71M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.50M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$38.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$35.84M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$46.17M	USD	Point-in-time
Stockholders equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$48.90M	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`	$41.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$45.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$51.70M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$49.22M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$19.59M	USD	2 Qtrs
Sales, net	`Revenues`	$10.50M	USD	1 Quarter
Sales, net	`Revenues`	$15.07M	USD	2 Qtrs
Sales, net	`Revenues`	$7.76M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.17M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$10.60M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$6.40M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$12.11M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.48M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.46M	USD	2 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	$201.28K	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$690.65K	USD	2 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	$483.22K	USD	2 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	$315.30K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.85M	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
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.93M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$898.53K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$780.39K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.76M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$193.04K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$71.16K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$7.42K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$153.04K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.91M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$787.80K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.13M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$969.68K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$566.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$350.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$659.80K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$841.68K	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$0.24	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$0.73	USD	2 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$0.45	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$659.80K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$841.68K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$635.58K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$637.36K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$128.44K	USD	2 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$125.76K	USD	2 Qtrs
Accounts and other receivables, net	`IncreaseDecreaseInAccountsReceivable`	$189.32K	USD	2 Qtrs
Accounts and other receivables, net	`IncreaseDecreaseInAccountsReceivable`	$1.47M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-88.56K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-393.92K	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$2.39M	USD	2 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$1.96M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-354.90K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$186.07K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$110.35K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-284.61K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-645.50K	USD	2 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-32.88K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$82.11K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-326.70K	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.37M	USD	2 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-148.43K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.39M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$560.16K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.52K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$7.25K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-567.41K	USD	2 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.39M	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$37.89K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$8.10K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.50M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.93M	USD	2 Qtrs
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$22.52M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$21.01M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashAndCashEquivalentsAtCarryingValue`	$18.65M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$22.52M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$21.01M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$20.58M	USD	Point-in-time
Cash and cash equivalents - ending	`CashAndCashEquivalentsAtCarryingValue`	$18.65M	USD	Point-in-time

Stockholders Equity 13 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`	$41.77M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$45.98M	USD	Point-in-time
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$659.80K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$1.56M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$2.56M	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$841.68K	USD	2 Qtrs
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$43.26M	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`	$45.98M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$43.26M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$41.77M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$45.98M	USD	Point-in-time

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