10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-21-104174 |
| Period End Date | 20210630 |
| Filing Date | 20210812 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | tpcs-20210630x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
59 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
90.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
90.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
29.50M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
29.50M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.13M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.24M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
29.50M | shares | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$1.16M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
29.50M | shares | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$608.06K | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$5.53M | USD | Point-in-time |
| Contract assets |
ContractWithCustomerAssetNetCurrent
|
$4.82M | USD | Point-in-time |
| Raw materials |
InventoryRawMaterialsAndSupplies
|
$472.49K | USD | Point-in-time |
| Raw materials |
InventoryRawMaterialsAndSupplies
|
$503.64K | USD | Point-in-time |
| Work-in-process |
InventoryWorkInProcessNetOfReserves
|
$559.66K | USD | Point-in-time |
| Work-in-process |
InventoryWorkInProcessNetOfReserves
|
$767.52K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$375.83K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$379.44K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$9.62M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$9.92M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.06M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.88M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxAssetsNet
|
$1.91M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxAssetsNet
|
$1.93M | USD | Point-in-time |
| Other noncurrent assets, net |
OtherAssetsNoncurrent
|
$82.60K | USD | Point-in-time |
| Other noncurrent assets, net |
OtherAssetsNoncurrent
|
$84.62K | USD | Point-in-time |
| Total assets |
Assets
|
$16.00M | USD | Point-in-time |
| Total assets |
Assets
|
$15.49M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$169.77K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$500.85K | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.07M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.53M | USD | Point-in-time |
| Contract liabilities |
ContractWithCustomerLiabilityCurrent
|
$218.15K | USD | Point-in-time |
| Contract liabilities |
ContractWithCustomerLiabilityCurrent
|
$428.37K | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtAndCapitalLeaseObligationsCurrent
|
$2.47M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtAndCapitalLeaseObligationsCurrent
|
$2.45M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.72M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.11M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtAndCapitalLeaseObligations
|
$1.34M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtAndCapitalLeaseObligations
|
$29.45K | USD | Point-in-time |
| Commitments and contingent liabilities (Note 14) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingent liabilities (Note 14) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock - par value $.0001 per share, 90,000,000 shares authorized, 29,498,662 shares issued and outstanding, at June 30, 2021 and March 31, 2021 |
CommonStockValue
|
$2.95K | USD | Point-in-time |
| Common stock - par value $.0001 per share, 90,000,000 shares authorized, 29,498,662 shares issued and outstanding, at June 30, 2021 and March 31, 2021 |
CommonStockValue
|
$2.95K | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$8.94M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$8.98M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$21.84K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$21.88K | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$972.40K | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.34M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$11.35M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$9.47M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$9.94M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$9.41M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$16.00M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$15.49M | USD | Point-in-time |
Income Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
Revenues
|
$3.41M | USD | 1 Quarter |
| Net sales |
Revenues
|
$3.28M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$2.59M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$2.58M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$697.01K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$832.67K | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$732.61K | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$793.36K | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$-96.35K | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$100.06K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$652.00 | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$10.39K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$29.88K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$57.90K | USD | 1 Quarter |
| PPP loan forgiveness |
GainsLossesOnExtinguishmentOfDebt
|
$1.32M | USD | 1 Quarter |
| Total other income (expense), net |
NonoperatingIncomeExpense
|
$-57.25K | USD | 1 Quarter |
| Total other income (expense), net |
NonoperatingIncomeExpense
|
$1.30M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-153.59K | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$1.40M | USD | 1 Quarter |
| Income tax provision (benefit) |
IncomeTaxExpenseBenefit
|
$26.58K | USD | 1 Quarter |
| Income tax provision (benefit) |
IncomeTaxExpenseBenefit
|
$-37.36K | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$1.37M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-116.23K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
$42.00 | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
$-97.00 | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeOtherNetOfTax
|
$42.00 | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeOtherNetOfTax
|
$-97.00 | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$1.37M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-116.33K | USD | 1 Quarter |
| Net income (loss) per share - basic |
EarningsPerShareBasic
|
$0.05 | USD | 1 Quarter |
| Net income (loss) per share - basic |
EarningsPerShareBasic
|
$-0.01 | USD | 1 Quarter |
| Net income (loss) per share - diluted |
EarningsPerShareDiluted
|
$0.04 | USD | 1 Quarter |
| Net income (loss) per share - diluted |
EarningsPerShareDiluted
|
$-0.01 | USD | 1 Quarter |
| Weighted average number of shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
29.50M | shares | 1 Quarter |
| Weighted average number of shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
29.36M | shares | 1 Quarter |
| Weighted average number of shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
29.36M | shares | 1 Quarter |
| Weighted average number of shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
31.05M | shares | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Options exercised to purchase common stock |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
150,000.00 | shares | Point-in-time |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$1.37M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-116.23K | USD | 1 Quarter |
| Options exercised to purchase common stock |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
150,000.00 | shares | Annual |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Depreciation |
DepreciationDepletionAndAmortization
|
$169.24K | USD | 1 Quarter |
| Depreciation |
DepreciationDepletionAndAmortization
|
$182.68K | USD | 1 Quarter |
| Amortization of debt issue costs |
AmortizationOfFinancingCosts
|
$8.82K | USD | 1 Quarter |
| Amortization of debt issue costs |
AmortizationOfFinancingCosts
|
$15.14K | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
$33.50K | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
$55.50K | USD | 1 Quarter |
| Change in contract loss provision |
GainLossOnContractTermination
|
$69.95K | USD | 1 Quarter |
| Change in contract loss provision |
GainLossOnContractTermination
|
$64.70K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-37.36K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$26.58K | USD | 1 Quarter |
| PPP loan forgiveness |
GainsLossesOnExtinguishmentOfDebt
|
$1.32M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$547.34K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-73.77K | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$-716.60K | USD | 1 Quarter |
| Contract assets |
IncreaseDecreaseInContractWithCustomerAsset
|
$692.84K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-239.01K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$79.83K | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-3.61K | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-187.26K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-331.08K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$370.91K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$38.61K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-389.59K | USD | 1 Quarter |
| Contract liabilities |
IncreaseDecreaseInContractLiabilities
|
$210.22K | USD | 1 Quarter |
| Contract liabilities |
IncreaseDecreaseInContractLiabilities
|
$-288.71K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-369.24K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$137.05K | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.20K | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$41.77K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-4.20K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-41.77K | USD | 1 Quarter |
| Debt issue costs |
PaymentsOfLoanCosts
|
$8.28K | USD | 1 Quarter |
| Proceeds from payroll protection program |
ProceedsFromPayrollProtectionProgram
|
$1.32M | USD | 1 Quarter |
| Proceeds from revolver loan |
ProceedsFromLinesOfCredit
|
$1.00M | USD | 1 Quarter |
| Repayment of revolver loan |
RepaymentsOfLinesOfCredit
|
$1.00M | USD | 1 Quarter |
| Repayment of long-term debt |
RepaymentsOfLongTermDebt
|
$26.62K | USD | 1 Quarter |
| Repayment of long-term debt |
RepaymentsOfLongTermDebt
|
$27.17K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-27.17K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.28M | USD | 1 Quarter |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-6.00 | USD | 1 Quarter |
| Effect of exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-20.00 | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$871.18K | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$105.66K | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.24M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$930.86K | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.80M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.13M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.24M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$930.86K | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.80M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.13M | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$32.75K | USD | 1 Quarter |
| Interest |
InterestPaidNet
|
$40.02K | USD | 1 Quarter |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$11.35M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$9.47M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$9.94M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$9.41M | USD | Point-in-time |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$55.50K | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$33.50K | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$1.37M | USD | 1 Quarter |
| Net income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-116.23K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-97.00 | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$42.00 | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$11.35M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$9.47M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$9.94M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$9.41M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.