10-Q Filing

EACO CORP CIK: 784539 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-004311`
Period End Date	20201130
Filing Date	20210114
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	eaco-20201130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 33 Cash Flow Statement 57 Stockholders Equity 15

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Convertible preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.08M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.67M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.92M	USD	Point-in-time
Convertible preferred stock, liquidation value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00	USD	Point-in-time
Convertible preferred stock, liquidation value (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$3.20M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$28.03M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$29.67M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$39.55M	USD	Point-in-time
Inventory, net	`InventoryNet`	$39.62M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Marketable securities, trading	`TradingSecurities`	$1.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Marketable securities, trading	`TradingSecurities`	$791.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.39M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$84.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$82.69M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyEquipmentAndLeaseholdImprovementsNet`	$8.85M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyEquipmentAndLeaseholdImprovementsNet`	$8.65M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$12.81M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$12.39M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.41M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.42M	USD	Point-in-time
Total assets	`Assets`	$105.15M	USD	Point-in-time
Total assets	`Assets`	$107.75M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$16.54M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$16.33M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$6.63M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$5.91M	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$2.92M	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.58M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.65M	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.05M	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$5.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.95M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.67M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.70M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$9.83M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$10.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$48.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.58M	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900)	`PreferredStockValue`	$1.00K	USD	Point-in-time
Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900)	`PreferredStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding	`CommonStockValue`	$49.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.38M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$788.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$706.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$46.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$52.88M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$58.82M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$59.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$51.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$107.75M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$105.15M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$56.04M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$53.40M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$38.95M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$40.14M	USD	1 Quarter
Gross margin	`GrossProfit`	$14.45M	USD	1 Quarter
Gross margin	`GrossProfit`	$15.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.68M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.29M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.77M	USD	1 Quarter
Net loss on trading securities	`DebtSecuritiesTradingRealizedGainLoss`	$-553.00K	USD	1 Quarter
Net loss on trading securities	`DebtSecuritiesTradingRealizedGainLoss`	$-80.00K	USD	1 Quarter
Loss on sale of real property	`GainLossOnDispositionOfAssets`	$-102.00K	USD	1 Quarter
Loss on sale of real property	`GainLossOnDispositionOfAssets`	$-102.00K	USD	3 Qtrs
Interest and other expense, net	`InterestIncomeExpenseNet`	$-119.00K	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-69.00K	USD	1 Quarter
Other (expense), net	`NonoperatingIncomeExpense`	$-622.00K	USD	1 Quarter
Other (expense), net	`NonoperatingIncomeExpense`	$-301.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.15M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.99M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.08M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$298.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$851.00K	USD	1 Quarter
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$19.00K	USD	1 Quarter
Cumulative preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$19.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.90M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$832.00K	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.39	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$851.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$259.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$377.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$3.00K	USD	3 Qtrs
Loss on sale of property	`GainLossOnDispositionOfAssets`	$-102.00K	USD	1 Quarter
Loss on sale of property	`GainLossOnDispositionOfAssets`	$-102.00K	USD	3 Qtrs
Net gain on trading securities	`GainLossOnSaleOfInvestments`	$-553.00K	USD	1 Quarter
Net gain on trading securities	`GainLossOnSaleOfInvestments`	$-80.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.63M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.17M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$71.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.47M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$729.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-716.00K	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-417.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-2.27M	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$666.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-723.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-737.00K	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-524.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.67M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.90M	USD	1 Quarter
Additions to property, equipment, and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$179.00K	USD	1 Quarter
Additions to property, equipment, and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.39M	USD	3 Qtrs
Proceeds from sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.08M	USD	3 Qtrs
Sale of marketable securities, trading	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$24.00K	USD	1 Quarter
Sale of marketable securities, trading	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.39M	USD	3 Qtrs
Net change in liabilities for short sales of trading securities	`NetChangeInLiabilitiesForShortSalesOfTradingSecurities`	$2.17M	USD	3 Qtrs
Net change in liabilities for short sales of trading securities	`NetChangeInLiabilitiesForShortSalesOfTradingSecurities`	$286.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$131.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.24M	USD	3 Qtrs
(Payments) borrowings on revolving credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.19M	USD	1 Quarter
(Payments) borrowings on revolving credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$513.00K	USD	3 Qtrs
Borrowings on Construction Loan	`ProceedsFromConstructionLoansPayable`	$1.70M	USD	3 Qtrs
Repayments on long-term debt	`RepaymentsOfLongTermDebtRealEstateHeldForSale`	$5.12M	USD	3 Qtrs
Preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	3 Qtrs
Preferred stock dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$104.00K	USD	3 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-867.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.07M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.83M	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-212.00K	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-82.00K	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$872.00K	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.53M	USD	3 Qtrs
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.88M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.99M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.35M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.87M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.88M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.99M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.35M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.87M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$122.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$48.00K	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$52.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$58.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$59.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$51.19M	USD	Point-in-time
Preferred dividends	`DividendsPreferredStock`	$19.00K	USD	1 Quarter
Preferred dividends	`DividendsPreferredStock`	$19.00K	USD	1 Quarter
Foreign translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-82.00K	USD	1 Quarter
Foreign translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-212.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$851.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$52.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$58.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$59.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$51.19M	USD	Point-in-time

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