10-Q Filing

EACO CORP CIK: 784539 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-002414`
Period End Date	20161130
Filing Date	20170117
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	eaco-20161130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 56 Comprehensive Income 6

Balance Sheet 62 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`	$5.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.46M	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`	$4.88M	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.86M	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$1.43M	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`	$18.62M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$18.80M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory, net	`InventoryNet`	$23.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$21.53M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	8.00M	shares	Point-in-time
Marketable securities, trading	`TradingSecurities`	$540.00K	USD	Point-in-time
Marketable securities, trading	`TradingSecurities`	$204.00K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$48.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$50.36M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.40M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$885.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$890.00K	USD	Point-in-time
Total assets	`Assets`	$53.06M	USD	Point-in-time
Total assets	`Assets`	$50.59M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$12.73M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$13.40M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$2.29M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$5.60M	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.75M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.64M	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`	$730.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$671.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.32M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$31.42M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$30.84M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$53.06M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$50.59M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$34.29M	USD	1 Quarter
Revenues	`Revenues`	$37.21M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$24.32M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$26.65M	USD	1 Quarter
Gross margin	`GrossProfit`	$10.56M	USD	1 Quarter
Gross margin	`GrossProfit`	$9.97M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.39M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$835.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.17M	USD	1 Quarter
Net loss on trading securities	`TradingSecuritiesRealizedGainLoss`	$-102.00K	USD	1 Quarter
Net loss on trading securities	`TradingSecuritiesRealizedGainLoss`	$-9.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-6.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-15.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-106.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$820.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$320.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$402.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$500.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$661.00K	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`	$642.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$481.00K	USD	1 Quarter
Basic and diluted earnings per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
Basic and diluted earnings per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.10	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 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$500.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$661.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$144.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$169.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$8.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$4.00K	USD	1 Quarter
Change in inventory reserve	`InventoryWriteDown`	$135.00K	USD	1 Quarter
Change in inventory reserve	`InventoryWriteDown`	$30.00K	USD	1 Quarter
Net loss on investments	`GainLossOnSaleOfInvestments`	$-9.00K	USD	1 Quarter
Net loss on investments	`GainLossOnSaleOfInvestments`	$-102.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.54M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-173.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.96M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$248.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$90.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$392.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.27M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$190.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.35M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.31M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.92M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.57M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$585.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.00K	USD	1 Quarter
Sale (purchase) of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$831.00K	USD	1 Quarter
Sale (purchase) of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$-234.00K	USD	1 Quarter
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$439.00K	USD	1 Quarter
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$370.00K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$439.00K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$366.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-351.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-877.00K	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.08M	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$961.00K	USD	1 Quarter
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.70M	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$485.00K	USD	1 Quarter
Payments on long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	-	USD	1 Quarter
Payments on long-term debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-2.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.54M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.64M	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-59.00K	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$210.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-808.00K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.09M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.27M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.46M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.09M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.27M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.46M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$2.63M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$2.19M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$500.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$661.00K	USD	1 Quarter
Foreign translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-59.00K	USD	1 Quarter
Foreign translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$499.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$602.00K	USD	1 Quarter

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