10-Q Filing

EACO CORP CIK: 784539 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-002237`
Period End Date	20171130
Filing Date	20180116
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	eaco-20171130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 30 Cash Flow Statement 56 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`	$4.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.60M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	36,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.09M	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$707.00K	USD	Point-in-time
Convertible preferred stock, liquidated (in dollars)	`PreferredStockLiquidationPreferenceValue`	$900.00K	USD	Point-in-time
Restricted cash, current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$594.00K	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$22.23M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$21.34M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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`	$26.79M	USD	Point-in-time
Inventory, net	`InventoryNet`	$26.76M	USD	Point-in-time
Marketable securities, trading	`TradingSecurities`	$2.15M	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
Marketable securities, trading	`TradingSecurities`	$1.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$148.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$54.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.56M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.26M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$9.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.73M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.07M	USD	Point-in-time
Total assets	`Assets`	$68.15M	USD	Point-in-time
Total assets	`Assets`	$65.78M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$14.05M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$13.36M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$4.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$4.54M	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$594.00K	USD	Point-in-time
Liability for short sales of trading securities	`OtherLiabilitiesCurrent`	$707.00K	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$139.00K	USD	Point-in-time
Current portion of long-term debt	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$142.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.75M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.19M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$12.51M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$36.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$30.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.99M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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`	$747.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$895.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.66M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$34.83M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$36.16M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$65.78M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$68.15M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$37.21M	USD	1 Quarter
Revenues	`Revenues`	$42.17M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$26.65M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$29.99M	USD	1 Quarter
Gross margin	`GrossProfit`	$10.56M	USD	1 Quarter
Gross margin	`GrossProfit`	$12.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.34M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.39M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.84M	USD	1 Quarter
Net gain (loss) on trading securities	`TradingSecuritiesRealizedGainLoss`	$203.00K	USD	1 Quarter
Net gain (loss) on trading securities	`TradingSecuritiesRealizedGainLoss`	$-102.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-101.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$102.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-106.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.94M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$746.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$402.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$661.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.20M	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`	$1.18M	USD	1 Quarter
Basic and diluted earnings per share:	`EarningsPerShareBasicAndDiluted`	$0.24	USD	1 Quarter
Basic and diluted earnings per share:	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.86M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$661.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$169.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$251.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$4.00K	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`	$31.00K	USD	1 Quarter
Net (gain) loss on trading securities	`GainLossOnSaleOfInvestments`	$203.00K	USD	1 Quarter
Net (gain) loss on trading securities	`GainLossOnSaleOfInvestments`	$-102.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-173.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$892.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.96M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$4.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$90.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$738.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$322.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$190.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.31M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$147.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$113.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.92M	USD	1 Quarter
Purchase of property, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$585.00K	USD	1 Quarter
Purchase of property, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$849.00K	USD	1 Quarter
(Purchase) sale of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$-234.00K	USD	1 Quarter
(Purchase) sale of marketable securities, trading	`PaymentsForProceedsFromInvestments`	$347.00K	USD	1 Quarter
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$-113.00K	USD	1 Quarter
Net change in securities sold short	`NetChangeInSecuritiesSoldShort`	$439.00K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-113.00K	USD	1 Quarter
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$439.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-351.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.20M	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.08M	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$359.00K	USD	1 Quarter
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Preferred dividend	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$19.00K	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$485.00K	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$364.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$35.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$669.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.54M	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`	$148.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-266.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$210.00K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.60M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.09M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.60M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.87M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.09M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$2.63M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$661.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.20M	USD	1 Quarter
Foreign translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$148.00K	USD	1 Quarter
Foreign translation (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-59.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.34M	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.