10-Q Filing

EACO CORP CIK: 784539 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-002516`
Period End Date	20141130
Filing Date	20150116
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	eaco-20141130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 32 Cash Flow Statement 70 Comprehensive Income 6

Balance Sheet 68 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`	$3.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.03M	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`	$1.51M	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.44M	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$642.00K	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$17.80M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$16.91M	USD	Point-in-time
Inventory, net	`InventoryNet`	$14.86M	USD	Point-in-time
Inventory, net	`InventoryNet`	$15.38M	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
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`	-	USD	Point-in-time
Marketable securities, trading	`TradingSecurities`	$73.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.96M	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$322.00K	USD	Point-in-time
Restricted cash, non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$322.00K	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.60M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$991.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.00M	USD	Point-in-time
Total assets	`Assets`	$42.83M	USD	Point-in-time
Total assets	`Assets`	$40.88M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$11.19M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$12.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.80M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$3.51M	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$48.00K	USD	Point-in-time
Liabilities of discontinued operations - short-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$48.00K	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$642.00K	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$2.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.39M	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$258.00K	USD	Point-in-time
Liabilities of discontinued operations - long-term	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$274.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.73M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.00M	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`	$1.03M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.37M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$23.49M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$23.83M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$40.88M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$42.83M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$31.04M	USD	1 Quarter
Revenues	`Revenues`	$33.23M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$22.13M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$24.43M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.91M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.11M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.78M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$691.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.13M	USD	1 Quarter
Net (loss) gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$91.00K	USD	1 Quarter
Net (loss) gain on trading securities	`TradingSecuritiesRealizedGainLoss`	$-43.00K	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfPropertyPlantEquipment`	$535.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	-	USD	1 Quarter
Interest expense, net	`InterestExpense`	$99.00K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$527.00K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-43.00K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$648.00K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.65M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$590.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$253.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$395.00K	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`	$376.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.04M	USD	1 Quarter
Net income per share attributable to common shareholders (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.08	USD	1 Quarter
Net income per share attributable to common shareholders (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.21	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`	$395.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$148.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$132.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$142.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$31.00K	USD	1 Quarter
Change in inventory reserve	`InventoryWriteDown`	$14.00K	USD	1 Quarter
Change in inventory reserve	`InventoryWriteDown`	$11.00K	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfProperty`	$535.00K	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfProperty`	-	USD	1 Quarter
Net loss (gain) on investments	`GainOnSaleOfInvestments`	$-43.00K	USD	1 Quarter
Net loss (gain) on investments	`GainOnSaleOfInvestments`	$91.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-860.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$910.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$530.00K	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`	$40.00K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	$100.00K	USD	1 Quarter
Deferred tax asset	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$346.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-262.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-428.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.72M	USD	1 Quarter
Deposit liability	`IncreaseDecreaseInCustomerDeposits`	$-24.00K	USD	1 Quarter
Deposit liability	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-54.00K	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-16.00K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.09M	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-522.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$252.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$133.00K	USD	1 Quarter
Proceeds from sale of marketable securities, trading	`ProceedsFromSaleOfAvailableForSaleSecurities`	$1.04M	USD	1 Quarter
Proceeds from sale of marketable securities, trading	`ProceedsFromSaleOfAvailableForSaleSecurities`	$30.00K	USD	1 Quarter
Net change in securities sold short	`ProceedsFromShortSaleOfMarketableSecurities`	$1.79M	USD	1 Quarter
Net change in securities sold short	`ProceedsFromShortSaleOfMarketableSecurities`	$1.52M	USD	1 Quarter
Proceeds from sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.14M	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.52M	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.79M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-103.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.93M	USD	1 Quarter
Borrowings (payments) on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$636.00K	USD	1 Quarter
Borrowings (payments) on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-67.00K	USD	1 Quarter
Payment of preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Payment of preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Proceeds from bank overdraft	`ProceedsFromBankDebt`	$343.00K	USD	1 Quarter
Proceeds from bank overdraft	`ProceedsFromBankDebt`	$1.17M	USD	1 Quarter
Payments on long-term debt - real estate held for sale	`RepaymentsOfLongTermDebtRealEstateHeldForSale`	-	USD	1 Quarter
Payments on long-term debt - real estate held for sale	`RepaymentsOfLongTermDebtRealEstateHeldForSale`	$452.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-195.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.78M	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`	$-37.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$552.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.28M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.48M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.03M	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`	$3.48M	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`	$4.03M	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`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$1.34M	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	$674.00K	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`	$395.00K	USD	1 Quarter
Foreign translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-37.00K	USD	1 Quarter
Foreign translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$70.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$358.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.13M	USD	1 Quarter

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