10-Q Filing

EACO CORP CIK: 784539 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-002230`
Period End Date	20131130
Filing Date	20140114
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	eaco-20131130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 32 Cash Flow Statement 70 Comprehensive Income 6

Balance Sheet 80 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`	$2.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	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`	$2.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.52M	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$15.21M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$14.44M	USD	Point-in-time
Inventory, net	`InventoryNet`	$14.49M	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
Inventory, net	`InventoryNet`	$14.27M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Marketable securities, trading	`TradingSecuritiesCurrent`	$445.00K	USD	Point-in-time
Marketable securities, trading	`TradingSecuritiesCurrent`	$1.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.86M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	$460.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleAtCarryingValue`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$619.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$606.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.06M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$548.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$548.00K	USD	Point-in-time
Real estate properties held for leasing, net	`RealEstatePropertiesHeldForLeasingNet`	$7.24M	USD	Point-in-time
Real estate properties held for leasing, net	`RealEstatePropertiesHeldForLeasingNet`	$7.28M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.40M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.40M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.71M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$1.81M	USD	Point-in-time
Other assets, principally deferred charges, net of accumulated amortization	`OtherAssetsMiscellaneousNoncurrent`	$722.00K	USD	Point-in-time
Other assets, principally deferred charges, net of accumulated amortization	`OtherAssetsMiscellaneousNoncurrent`	$850.00K	USD	Point-in-time
Total assets	`Assets`	$44.48M	USD	Point-in-time
Total assets	`Assets`	$46.78M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$9.31M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$10.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.45M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$2.88M	USD	Point-in-time
Securities sold short, at fair value	`TradingSecurities`	$-1.52M	USD	Point-in-time
Securities sold short, at fair value	`TradingSecurities`	-	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$146.00K	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$153.00K	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	$362.00K	USD	Point-in-time
Liabilities of assets held for sale	`LiabilitiesOfAssetsHeldForSale`	-	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$172.00K	USD	Point-in-time
Current portion of long-term debt	`OtherLongTermDebtCurrent`	$138.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.27M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.35M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.41M	USD	Point-in-time
Deposit liability	`CustomerAdvancesOrDepositsNoncurrent`	$87.00K	USD	Point-in-time
Deposit liability	`CustomerAdvancesOrDepositsNoncurrent`	$63.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.27M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$11.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$26.77M	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, 2013 and August 31, 2013 (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, 2013 and August 31, 2013 (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, 2013 and August 31, 2013	`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, 2013 and August 31, 2013	`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`	$820.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$890.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.46M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$17.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$18.83M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$44.48M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$46.78M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$29.26M	USD	1 Quarter
Revenues	`Revenues`	$31.04M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$21.16M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$22.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.10M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$7.26M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$7.78M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$841.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.13M	USD	1 Quarter
Net gain (loss) on trading securities	`TradingSecuritiesRealizedGainLoss`	$91.00K	USD	1 Quarter
Net gain (loss) on trading securities	`TradingSecuritiesRealizedGainLoss`	$-22.00K	USD	1 Quarter
Gain on sale of real property	`GainLossOnDispositionOfRealEstateDiscontinuedOperations`	-	USD	1 Quarter
Gain on sale of real property	`GainLossOnDispositionOfRealEstateDiscontinuedOperations`	$535.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$167.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$99.00K	USD	1 Quarter
Total non-operating income (expense)	`NonoperatingIncomeExpense`	$527.00K	USD	1 Quarter
Total non-operating income (expense)	`NonoperatingIncomeExpense`	$-189.00K	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$652.00K	USD	1 Quarter
Net income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.65M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$590.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$269.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$383.00K	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`	$1.04M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$364.00K	USD	1 Quarter
Basic and diluted earnings per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.21	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 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$383.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$148.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$180.00K	USD	1 Quarter
Bad debt expense (recovery)	`ProvisionForDoubtfulAccounts`	$142.00K	USD	1 Quarter
Bad debt expense (recovery)	`ProvisionForDoubtfulAccounts`	$-18.00K	USD	1 Quarter
Change in inventory reserve	`InventoryWriteDown`	$-62.00K	USD	1 Quarter
Change in inventory reserve	`InventoryWriteDown`	$14.00K	USD	1 Quarter
Gain on sale of real property	`GainLossOnSaleOfProperty`	$535.00K	USD	1 Quarter
Gain on sale of real property	`GainLossOnSaleOfProperty`	-	USD	1 Quarter
Net (gain) loss on trading securities	`GainOnSaleOfInvestments`	$91.00K	USD	1 Quarter
Net (gain) loss on trading securities	`GainOnSaleOfInvestments`	$-22.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$56.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$910.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$823.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$235.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-141.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-330.00K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$100.00K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$-58.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$142.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$346.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-428.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-582.00K	USD	1 Quarter
Deposit liability	`IncreaseDecreaseInCustomerDeposits`	$-74.00K	USD	1 Quarter
Deposit liability	`IncreaseDecreaseInCustomerDeposits`	$-24.00K	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-39.00K	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-54.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-522.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-539.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$345.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$252.00K	USD	1 Quarter
Sale (purchase) of marketable securities, trading	`PaymentsToAcquireMarketableSecurities`	$223.00K	USD	1 Quarter
Sale (purchase) of marketable securities, trading	`PaymentsToAcquireMarketableSecurities`	$-1.04M	USD	1 Quarter
Proceeds from sale of real property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.14M	USD	1 Quarter
Proceeds from sale of real property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from securities sold short	`ProceedsFromShortSaleOfMarketableSecurities`	$1.52M	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`	$1.52M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.93M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-569.00K	USD	1 Quarter
Net (payments) borrowings on revolving credit facility	`RepaymentsOfLinesOfCredit`	$67.00K	USD	1 Quarter
Net (payments) borrowings on revolving credit facility	`RepaymentsOfLinesOfCredit`	$-150.00K	USD	1 Quarter
Bank overdraft	`RepaymentsOfBankDebt`	$-343.00K	USD	1 Quarter
Bank overdraft	`RepaymentsOfBankDebt`	$-691.00K	USD	1 Quarter
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Borrowing of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Borrowing of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term debt for assets held for leasing and held for sale	`RepaymentsOfLongTermDebt`	$243.00K	USD	1 Quarter
Payments on long-term debt for assets held for leasing and held for sale	`RepaymentsOfLongTermDebt`	$452.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$579.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-195.00K	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$70.00K	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$100.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-429.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.28M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	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`	$1.51M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	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`	$1.51M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$100.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$169.00K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$674.00K	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`	$1.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$383.00K	USD	1 Quarter
Foreign translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$70.00K	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`	$1.13M	USD	1 Quarter

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