10-Q Filing

EACO CORP CIK: 784539 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-002245`
Period End Date	20121130
Filing Date	20130114
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	eaco-20121130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 40 Cash Flow Statement 66 Comprehensive Income 6

Balance Sheet 82 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$831.00K	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
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$14.05M	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$13.97M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory, net	`InventoryNet`	$13.07M	USD	Point-in-time
Inventory, net	`InventoryNet`	$12.19M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Marketable securities, trading	`TradingSecuritiesCurrent`	$398.00K	USD	Point-in-time
Marketable securities, trading	`TradingSecuritiesCurrent`	$197.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$464.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$472.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	$2.01M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	$2.02M	USD	Point-in-time
Deferred tax asset, current	`DeferredTaxAssetsNetCurrent`	$290.00K	USD	Point-in-time
Deferred tax asset, current	`DeferredTaxAssetsNetCurrent`	$265.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.24M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$548.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$549.00K	USD	Point-in-time
Real estate properties held for leasing, net	`RealEstatePropertiesHeldForLeasingNet`	$7.76M	USD	Point-in-time
Real estate properties held for leasing, net	`RealEstatePropertiesHeldForLeasingNet`	$7.71M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.33M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$2.11M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$2.05M	USD	Point-in-time
Other assets, principally deferred charges, net of accumulated amortization	`OtherAssetsMiscellaneousNoncurrent`	$1.11M	USD	Point-in-time
Other assets, principally deferred charges, net of accumulated amortization	`OtherAssetsMiscellaneousNoncurrent`	$788.00K	USD	Point-in-time
Total assets	`Assets`	$44.33M	USD	Point-in-time
Total assets	`Assets`	$45.67M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$9.52M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$10.35M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$1.85M	USD	Point-in-time
Securities sold short, at fair value	`TradingSecurities`	-	USD	Point-in-time
Securities sold short, at fair value	`TradingSecurities`	$-831.00K	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$146.00K	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$146.00K	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$1.16M	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$1.11M	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$555.00K	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$430.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.77M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.53M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.57M	USD	Point-in-time
Deposit liability	`CustomerAdvancesOrDepositsNoncurrent`	$73.00K	USD	Point-in-time
Deposit liability	`CustomerAdvancesOrDepositsNoncurrent`	$147.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.91M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$29.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.31M	USD	Point-in-time
Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding at November 30, 2012 and August 31, 2012 (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 at November 30, 2012 and August 31, 2012 (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 at November 30, 2012 and August 31, 2012	`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 at November 30, 2012 and August 31, 2012	`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`	$578.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$478.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.99M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$14.89M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$15.36M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$45.67M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$44.33M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Distribution sales	`SalesRevenueNet`	$29.12M	USD	1 Quarter
Distribution sales	`SalesRevenueNet`	$26.15M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$18.88M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$21.06M	USD	1 Quarter
Gross profit from distribution operations	`GrossIncomeLossFromDistributionOperations`	$7.27M	USD	1 Quarter
Gross profit from distribution operations	`GrossIncomeLossFromDistributionOperations`	$8.05M	USD	1 Quarter
Rental revenue	`Revenues`	$311.00K	USD	1 Quarter
Rental revenue	`Revenues`	$141.00K	USD	1 Quarter
Cost of rental operations	`CostOfRevenue`	$193.00K	USD	1 Quarter
Cost of rental operations	`CostOfRevenue`	$95.00K	USD	1 Quarter
Gross profit from rental operations	`GrossProfit`	$118.00K	USD	1 Quarter
Gross profit from rental operations	`GrossProfit`	$46.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.26M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.53M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$6.53M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$7.26M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$841.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$860.00K	USD	1 Quarter
Gain on sale of trading securities	`TradingSecuritiesRealizedGainLoss`	$33.00K	USD	1 Quarter
Gain on sale of trading securities	`TradingSecuritiesRealizedGainLoss`	-	USD	1 Quarter
Unrealized (loss) gain on trading securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$193.00K	USD	1 Quarter
Unrealized (loss) gain on trading securities	`TradingSecuritiesUnrealizedHoldingGainLoss`	$-55.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$167.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$181.00K	USD	1 Quarter
Total non-operating (expense) income	`NonoperatingIncomeExpense`	$12.00K	USD	1 Quarter
Total non-operating (expense) income	`NonoperatingIncomeExpense`	$-189.00K	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$652.00K	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$872.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$269.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$247.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$383.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$625.00K	USD	1 Quarter
Cumulative preferred stock dividend	`UndeclaredCumulativePreferredStockDividend`	$-19.00K	USD	1 Quarter
Cumulative preferred stock dividend	`UndeclaredCumulativePreferredStockDividend`	$-19.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$364.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$606.00K	USD	1 Quarter
Basic and diluted earnings per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Basic and diluted earnings per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.08	USD	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$383.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$625.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$180.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$188.00K	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt recovery	`ProvisionForDoubtfulAccounts`	$-18.00K	USD	1 Quarter
Change in inventory reserve	`InventoryWriteDown`	$-15.00K	USD	1 Quarter
Change in inventory reserve	`InventoryWriteDown`	$-62.00K	USD	1 Quarter
Net gain on trading securities	`GainOnSaleOfInvestments`	$193.00K	USD	1 Quarter
Net gain on trading securities	`GainOnSaleOfInvestments`	$22.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$56.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.29M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$823.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-108.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-305.00K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$-83.00K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$-152.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$142.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$298.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-582.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-815.00K	USD	1 Quarter
Deposit liability	`IncreaseDecreaseInCustomerDeposits`	$-74.00K	USD	1 Quarter
Deposit liability	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-39.00K	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-27.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-583.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-964.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$345.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.00K	USD	1 Quarter
Purchase of marketable securities, trading	`PaymentsToAcquireMarketableSecurities`	$179.00K	USD	1 Quarter
Purchase of marketable securities, trading	`PaymentsToAcquireMarketableSecurities`	$86.00K	USD	1 Quarter
Proceeds from securities sold short	`ProceedsFromShortSaleOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from securities sold short	`ProceedsFromShortSaleOfMarketableSecurities`	$831.00K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$832.00K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$4.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-245.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-525.00K	USD	1 Quarter
Net borrowings (payments) on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$150.00K	USD	1 Quarter
Net borrowings (payments) on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-700.00K	USD	1 Quarter
Bank overdraft	`ProceedsFromBankDebt`	$261.00K	USD	1 Quarter
Bank overdraft	`ProceedsFromBankDebt`	$691.00K	USD	1 Quarter
Preferred dividend	`DividendsPreferredStock`	$-19.00K	USD	1 Quarter
Preferred dividend	`DividendsPreferredStock`	-	USD	1 Quarter
Borrowing of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Borrowing of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.60M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$192.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$243.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$969.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$579.00K	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$224.00K	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$100.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-429.00K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.37M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$186.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$169.00K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$415.00K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$196.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$383.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$625.00K	USD	1 Quarter
Foreign translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$224.00K	USD	1 Quarter
Foreign translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$100.00K	USD	1 Quarter
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$483.00K	USD	1 Quarter
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$849.00K	USD	1 Quarter

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