10-Q Filing

TECHPRECISION CORP CIK: 1328792 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001410578-23-002556`
Period End Date	20230930
Filing Date	20231120
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	tpcs-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 62 Cash Flow Statement 59 Stockholders Equity 22

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$534.47K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.61M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$138.21K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.74M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.02M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.74M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.61M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.34M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$8.95M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$8.10M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsAndSupplies`	$1.69M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsAndSupplies`	$1.93M	USD	Point-in-time
Work-in-process	`InventoryWorkInProcessNetOfReserves`	$866.85K	USD	Point-in-time
Work-in-process	`InventoryWorkInProcessNetOfReserves`	$719.74K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$466.25K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$348.98K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.51M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$13.91M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.76M	USD	Point-in-time
Right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$5.32M	USD	Point-in-time
Right-of-use asset, net	`FinanceLeaseRightOfUseAsset`	$5.66M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.25M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$1.93M	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$121.26K	USD	Point-in-time
Other noncurrent assets, net	`OtherAssetsNoncurrent`	$121.26K	USD	Point-in-time
Total assets	`Assets`	$36.21M	USD	Point-in-time
Total assets	`Assets`	$37.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.22M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.53M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.79M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$2.33M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$3.18M	USD	Point-in-time
Current portion of long-term lease liability	`LeaseLiabilityCurrent`	$721.62K	USD	Point-in-time
Current portion of long-term lease liability	`LeaseLiabilityCurrent`	$711.73K	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.96M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.25M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$4.75M	USD	Point-in-time
Long-term lease liability	`FinanceLeaseLiabilityNoncurrent`	$5.14M	USD	Point-in-time
Long-term lease liability	`FinanceLeaseLiabilityNoncurrent`	$4.78M	USD	Point-in-time
Other noncurrent liability	`OtherLiabilitiesNoncurrent`	$2.70M	USD	Point-in-time
Other noncurrent liability	`OtherLiabilitiesNoncurrent`	$4.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.61M	USD	Point-in-time
Commitments and contingent liabilities (see Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (see Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - par value $.0001 per share, shares authorized: 50,000,000; Shares issued and outstanding: 8,737,432 at September 30, 2023 and 8,613,408 at March 31, 2023	`CommonStockValue`	$861.00	USD	Point-in-time
Common stock - par value $.0001 per share, shares authorized: 50,000,000; Shares issued and outstanding: 8,737,432 at September 30, 2023 and 8,613,408 at March 31, 2023	`CommonStockValue`	$874.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$14.92M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$14.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-356.44K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.21M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$7.97M	USD	1 Quarter
Net sales	`Revenues`	$8.52M	USD	1 Quarter
Net sales	`Revenues`	$15.60M	USD	2 Qtrs
Net sales	`Revenues`	$15.34M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$6.78M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$13.61M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$13.04M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$6.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.73M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.56M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.03M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.20M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.63M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.91M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.83M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-597.35K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-87.42K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.18M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-645.43K	USD	2 Qtrs
Other income	`OtherIncomeAndExpense`	$73.56K	USD	1 Quarter
Other income	`OtherIncomeAndExpense`	$40.34K	USD	2 Qtrs
Other income	`OtherIncomeAndExpense`	$40.88K	USD	2 Qtrs
Other income	`OtherIncomeAndExpense`	$40.88K	USD	1 Quarter
Interest expense	`InterestExpense`	$242.64K	USD	2 Qtrs
Interest expense	`InterestExpense`	$83.73K	USD	1 Quarter
Interest expense	`InterestExpense`	$148.55K	USD	1 Quarter
Interest expense	`InterestExpense`	$167.38K	USD	2 Qtrs
Refundable employee retention tax credits	`EmployeeRetentionCreditRefund`	$624.04K	USD	2 Qtrs
Refundable employee retention tax credits	`EmployeeRetentionCreditRefund`	$624.04K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-201.76K	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$613.88K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$497.01K	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-107.68K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$526.45K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-148.43K	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-705.03K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.38M	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-176.70K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-38.20K	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-323.13K	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$135.51K	USD	1 Quarter
Net (loss) income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-528.33K	USD	1 Quarter
Net (loss) income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.06M	USD	2 Qtrs
Net (loss) income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-110.22K	USD	2 Qtrs
Net (loss) income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$390.94K	USD	1 Quarter
Net (loss) earnings per share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Net (loss) earnings per share basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Net (loss) earnings per share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Net (loss) earnings per share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.12	USD	2 Qtrs
Net (loss) earnings per share diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Net (loss) earnings per share diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Net (loss) earnings per share diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Net (loss) earnings per share diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.12	USD	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.58M	shares	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.67M	shares	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.58M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.72M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.67M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.72M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.00M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.58M	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-110.22K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.06M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.12M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.13M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$26.75K	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$37.48K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.22K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$298.96K	USD	2 Qtrs
Change in contract loss provision	`GainLossOnContractTermination`	$26.63K	USD	2 Qtrs
Change in contract loss provision	`GainLossOnContractTermination`	$43.05K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-323.13K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-38.20K	USD	2 Qtrs
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$40.40K	USD	2 Qtrs
Change in fair value for contingent consideration	`GainLossFromContingentConsideration`	$-63.44K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$684.24K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-968.83K	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$-851.20K	USD	2 Qtrs
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$869.85K	USD	2 Qtrs
Work-in-process and raw materials	`IncreaseDecreaseInInventories`	$281.93K	USD	2 Qtrs
Work-in-process and raw materials	`IncreaseDecreaseInInventories`	$379.35K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-411.77K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$117.26K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$272.55K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-617.32K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.24M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-84.18K	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractLiabilities`	$847.09K	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractLiabilities`	$41.09K	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$993.20K	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.73M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.62M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.26M	USD	2 Qtrs
Proceeds from insurance claim on fixed assets	`ProceedsFromInsuranceSettlementInvestingActivities`	$61.94K	USD	2 Qtrs
Fixed asset deposit	`DepositForFixedAssets`	$574.14K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$499.34K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.66M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.60M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.07M	USD	2 Qtrs
Debt issue costs	`PaymentsOfLoanCosts`	$18.86K	USD	2 Qtrs
Revolver loan payments and borrowings, net	`ProceedsFromRepaymentsOfRevolverLoanAndBorrowings`	$1.25M	USD	2 Qtrs
Revolver loan payments and borrowings, net	`ProceedsFromRepaymentsOfRevolverLoanAndBorrowings`	$-1.01M	USD	2 Qtrs
Payments of principal for leases	`FinanceLeasePrincipalPayments`	$25.82K	USD	2 Qtrs
Payments of principal for leases	`FinanceLeasePrincipalPayments`	$10.55K	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$309.85K	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$296.38K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.37M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$943.07K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-816.75K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-396.27K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$235.38K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$138.21K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$534.47K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.05M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$235.38K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$138.21K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$534.47K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.05M	USD	Point-in-time
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$135.04K	USD	2 Qtrs
Cash paid for interest, net of amounts capitalized	`InterestPaidNet`	$201.39K	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$13.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.81M	USD	Point-in-time
Stock used for tax withholding at exercise	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$34.01K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$46.54K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.22K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$52.11K	USD	1 Quarter
Stock issued for contingent consideration	`StockIssuedDuringPeriodValueContingentConsideration`	$56.31K	USD	1 Quarter
Stock award nonemployee directors	`StockIssuedDuringPeriodValueStockOptionsExercised`	$144.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-527.46K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$390.94K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-501.17K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-528.33K	USD	1 Quarter
Balance	`StockholdersEquity`	$13.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.81M	USD	Point-in-time

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