10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-040328`
Period End Date	20131231
Filing Date	20140207
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	genc-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 30 Cash Flow Statement 47

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$82.15M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$81.17M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$188.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$309.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
Marketable securities at fair value (cost $82,149,000 at December 31, 2013 and $81,165,000 at September 30, 2013)	`MarketableSecuritiesCurrent`	$83.11M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $82,149,000 at December 31, 2013 and $81,165,000 at September 30, 2013)	`MarketableSecuritiesCurrent`	$84.59M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $188,000 at December 31, 2013 and $309,000 at September 30, 2013	`AccountsReceivableNetCurrent`	$1.20M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $188,000 at December 31, 2013 and $309,000 at September 30, 2013	`AccountsReceivableNetCurrent`	$967.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$2.33M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$14.13M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$14.03M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$795.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.01M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$818.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$107.73M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.01M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$108.79M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$8.08M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$8.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$75.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$78.00K	USD	Point-in-time
Total Assets	`Assets`	$115.81M	USD	Point-in-time
Total Assets	`Assets`	$116.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.05M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.13M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.94M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.81M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.04M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.17M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$484.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$704.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.88M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.52M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.10 per share; authorized 300,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.10 per share; authorized 300,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$801.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$801.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.29M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$99.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$99.18M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$110.43M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$110.93M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$115.81M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$116.95M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$4.95M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$10.02M	USD	1 Quarter
Production costs	`CostOfRevenue`	$8.49M	USD	1 Quarter
Production costs	`CostOfRevenue`	$4.53M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$380.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$448.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.96M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.73M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.94M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.99M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-582.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$690.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$940.00K	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$-526.00K	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities	`MarketableSecuritiesGainLoss`	$538.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-15.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.46M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$179.00K	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$881.00K	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.81M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-835.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$435.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$446.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-976.00K	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$446.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-976.00K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$13.90M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$14.93M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$12.98M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$16.13M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$-632.00K	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$558.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$835.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-220.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$286.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$334.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$40.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$59.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$63.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-110.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-233.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$1.35M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.33M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-95.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.19M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$203.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$23.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-375.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-237.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$3.03M	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-816.00K	USD	1 Quarter
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-811.00K	USD	1 Quarter
Accrued expenses and other	`IncreaseDecreaseInAccruedLiabilities`	$-183.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-4.75M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.93M	USD	1 Quarter
Cash flows (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$956.00K	USD	1 Quarter
Cash flows (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.30M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$25.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$251.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-251.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$931.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.55M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.36M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.29M	USD	Point-in-time

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