10-Q Filing

GENCOR INDUSTRIES INC CIK: 64472 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-037380`
Period End Date	20141231
Filing Date	20150206
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	genc-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 30 Cash Flow Statement 44

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, cost	`MarketableSecurities`	$85.00M	USD	Point-in-time
Marketable securities, cost	`MarketableSecurities`	$85.55M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$235.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$244.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	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`	$7.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $85,553,000 at December 31, 2014 and $84,997,000 at September 30, 2014)	`MarketableSecuritiesCurrent`	$87.01M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Marketable securities at fair value (cost $85,553,000 at December 31, 2014 and $84,997,000 at September 30, 2014)	`MarketableSecuritiesCurrent`	$87.11M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $235,000 at December 31, 2014 and $244,000 at September 30, 2014	`AccountsReceivableNetCurrent`	$730.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $235,000 at December 31, 2014 and $244,000 at September 30, 2014	`AccountsReceivableNetCurrent`	$1.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$2.36M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`ReceivablesLongTermContractsOrPrograms`	$344.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.67M	USD	Point-in-time
Inventories, net	`InventoryNet`	$13.30M	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.52M	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$849.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$110.62M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$110.55M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$7.14M	USD	Point-in-time
Property and equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$6.75M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$68.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$66.00K	USD	Point-in-time
Total Assets	`Assets`	$117.37M	USD	Point-in-time
Total Assets	`Assets`	$117.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$947.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$777.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$324.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.48M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.77M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.96M	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$449.00K	USD	Point-in-time
Deferred and other income taxes	`DeferredTaxLiabilitiesNoncurrent`	$693.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.65M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.22M	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
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.63M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$101.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.66M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$113.14M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$114.17M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$117.37M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$117.83M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueGoodsNet`	$6.29M	USD	1 Quarter
Net revenue	`SalesRevenueGoodsNet`	$10.02M	USD	1 Quarter
Production costs	`CostOfRevenue`	$8.49M	USD	1 Quarter
Production costs	`CostOfRevenue`	$5.94M	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$380.00K	USD	1 Quarter
Product engineering and development	`ResearchAndDevelopmentExpense`	$329.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.73M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.92M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.63M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-582.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$323.00K	USD	1 Quarter
Interest and dividend income, net of fees	`InterestAndDividendIncomeOperating`	$940.00K	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$-427.00K	USD	1 Quarter
Realized and unrealized gains (losses) on marketable securities, net	`MarketableSecuritiesGainLoss`	$538.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-15.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-105.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.46M	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$881.00K	USD	1 Quarter
Income (loss) before income tax expense (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.74M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$435.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-643.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$446.00K	USD	1 Quarter
Net income (loss) per share	`EarningsPerShareBasic`	$-0.12	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`	$-0.12	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$446.00K	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$13.90M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$134.90M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$134.57M	USD	1 Quarter
Proceeds from sale and maturity of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$12.98M	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$-433.00K	USD	1 Quarter
Change in fair value of marketable securities	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$558.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-220.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$244.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$334.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$325.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$63.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$59.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-233.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-718.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.33M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-95.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-434.00K	USD	1 Quarter
Prepaid expenses & other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$670.00K	USD	1 Quarter
Prepaid expenses & other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$23.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-237.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-170.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-816.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$1.20M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-212.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-811.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-4.75M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-468.00K	USD	1 Quarter
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.30M	USD	1 Quarter
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.56M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$251.00K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-251.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.56M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.55M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.56M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.19M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time

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