10-Q Filing

TAYLOR DEVICES, INC. CIK: 96536 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001376474-23-000183`
Period End Date	20230228
Filing Date	20230330
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	tayd-20230228_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 44 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.38M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$19.28M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.10M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$4.47M	USD	Point-in-time
Accounts and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$8.56M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.68M	USD	Point-in-time
Inventory	`InventoryPartsAndComponentsNetOfReserves`	$5.85M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.34M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.77M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$704.44K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$817.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$41.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.98M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$1.11M	USD	Point-in-time
Maintenance and other inventory, net	`OtherInventoryNoncurrent`	$867.89K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.85M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$208.98K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$205.36K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$74.61K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$74.61K	USD	Point-in-time
Assets	`Assets`	$53.88M	USD	Point-in-time
Assets	`Assets`	$49.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.43M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.44M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCostCurrent`	$1.12M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.96M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.33M	USD	Point-in-time
Common stock and additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$35.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.06M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.92M	USD	Point-in-time
Treasury stock - at cost	`TreasuryStockValue`	$2.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$41.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$47.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$43.26M	USD	Point-in-time
Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$49.22M	USD	Point-in-time
Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$53.88M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$21.21M	USD	3 Qtrs
Sales, net	`Revenues`	$6.14M	USD	1 Quarter
Sales, net	`Revenues`	$29.48M	USD	3 Qtrs
Sales, net	`Revenues`	$9.89M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$17.98M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.77M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$15.37M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.84M	USD	3 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	$190.69K	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$201.28K	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$881.34K	USD	3 Qtrs
Research and development costs	`ResearchAndDevelopmentExpense`	$684.49K	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.03M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.88M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.45M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$4.74M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$-191.09K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$707.43K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$432.98K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$239.94K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.80K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$75.95K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.17M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$783.39K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.04M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-186.29K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-69.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$952.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$386.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$59.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$724.39K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.22M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-117.29K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$1.20	USD	3 Qtrs
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic and diluted earnings per common share	`EarningsPerShareBasic`	$0.21	USD	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$724.39K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.22M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-117.29K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.00M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$980.52K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$128.44K	USD	3 Qtrs
Stock options issued for services	`StockOptionPlanExpense`	$125.76K	USD	3 Qtrs
Accounts and other receivables, net	`IncreaseDecreaseInAccountsReceivable`	$4.10M	USD	3 Qtrs
Accounts and other receivables, net	`IncreaseDecreaseInAccountsReceivable`	$1.15M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-38.59K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-414.14K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$437.51K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInUnbilledReceivables`	$-178.19K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-109.22K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$113.38K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-617.15K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$40.32K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-653.86K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$315.23K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$649.97K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-134.60K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$388.04K	USD	3 Qtrs
Net operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.34M	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$721.97K	USD	3 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.38M	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireOtherInvestments`	$4.69K	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireOtherInvestments`	$18.18M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$3.68K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$3.62K	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.57M	USD	3 Qtrs
Net investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-730.34K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$91.49K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$12.34K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-329.96K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-19.13M	USD	3 Qtrs
Cash and cash equivalents - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.38M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.52M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.58M	USD	Point-in-time
Cash and cash equivalents - beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.25M	USD	Point-in-time
Cash and cash equivalents - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.38M	USD	Point-in-time
Cash and cash equivalents - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.52M	USD	Point-in-time
Cash and cash equivalents - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.58M	USD	Point-in-time
Cash and cash equivalents - ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.25M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$41.66M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$47.70M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Beginning Balance	`StockholdersEquity`	$43.26M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$41.66M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$47.70M	USD	Point-in-time
Stockholders' Equity Attributable to Parent, Ending Balance	`StockholdersEquity`	$43.26M	USD	Point-in-time
Net income	`NetIncomeLoss`	$724.39K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.22M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-117.29K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.66M	USD	1 Quarter

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