SCHMITT INDUSTRIES, INC.: 10-Q filed 2011-10-11
What SCHMITT INDUSTRIES, INC. reported in its quarterly report filed 2011-10-11 (fiscal Q1 2012): 36 published measures, 74 facts as tagged in accession 0001193125-11-268072.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2011-10-11
- Fiscal period
- fiscal Q1 2012
- Accession
- 0001193125-11-268072 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All SCHMITT INDUSTRIES, INC. filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 12,008,281 | USD | |
| At 2011-05-31 | 11,589,262 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 10,325,345 | USD | |
| At 2011-05-31 | 10,157,308 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 2,674,074 | USD | |
| At 2011-05-31 | 2,760,506 | USD | |
| At 2010-08-31 | 3,468,222 | USD | |
| At 2010-05-31 | 3,545,986 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 137,028 | USD | 92 |
| 2010-06-01 to 2010-08-31 | -112,625 | USD | 92 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 61,507 | USD | 92 |
| 2010-06-01 to 2010-08-31 | -74,411 | USD | 92 |
Capital expenditure payments
Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 168,014 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 16,094 | USD | 92 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | -133,633 | USD | 92 |
| 2010-06-01 to 2010-08-31 | -16,094 | USD | 92 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 577,007 | USD | |
| At 2011-05-31 | 439,979 | USD |
Basic weighted-average shares
Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 2,895,635 | shares | 92 |
| 2010-06-01 to 2010-08-31 | 2,894,802 | shares | 92 |
Diluted weighted-average shares
Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 2,967,264 | shares | 92 |
| 2010-06-01 to 2010-08-31 | 2,894,802 | shares | 92 |
Basic earnings per share
Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 0.05 | USD/shares | 92 |
| 2010-06-01 to 2010-08-31 | -0.04 | USD/shares | 92 |
Diluted earnings per share
Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 0.05 | USD/shares | 92 |
| 2010-06-01 to 2010-08-31 | -0.04 | USD/shares | 92 |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 6,573 | USD | 92 |
| 2010-06-01 to 2010-08-31 | -9,099 | USD | 92 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 1,423,132 | USD | |
| At 2011-05-31 | 1,334,175 | USD |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 50,147 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 9,699 | USD | 92 |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 134,163 | USD | 92 |
| 2010-06-01 to 2010-08-31 | -116,402 | USD | 92 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 9,269,660 | USD | |
| At 2011-05-31 | 8,905,504 | USD |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 1,682,936 | USD | |
| At 2011-05-31 | 1,431,954 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 1,088,103 | USD | |
| At 2011-05-31 | 841,416 | USD |
Net finite-lived intangible assets
Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 1,315,489 | USD | |
| At 2011-05-31 | 1,349,583 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 1,973,304 | USD | |
| At 2011-05-31 | 1,831,811 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 1,573,741 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 1,216,148 | USD | 92 |
Net inventory
Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 4,465,699 | USD | |
| At 2011-05-31 | 4,146,408 | USD |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 1,707,904 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 1,099,746 | USD | 92 |
Cost of revenue
Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 1,763,581 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 1,304,721 | USD | 92 |
Selling, general and administrative expense
Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 1,512,190 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 1,107,450 | USD | 92 |
Research and development expense
Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 61,551 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 108,698 | USD | 92 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 2,895,635 | shares | |
| At 2011-05-31 | 2,895,635 | shares |
Accumulated other comprehensive income or loss
Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | -245,719 | USD | |
| At 2011-05-31 | -226,581 | USD |
Gross property, plant and equipment
Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 3,314,605 | USD | |
| At 2011-05-31 | 3,210,409 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2011-08-31 | 1,891,473 | USD | |
| At 2011-05-31 | 1,876,234 | USD |
Depreciation, depletion and amortization
Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 83,547 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 87,587 | USD | 92 |
Other nonoperating income or expense
Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 9,438 | USD | 92 |
| 2010-06-01 to 2010-08-31 | -5,322 | USD | 92 |
Change in accounts receivable
The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 145,971 | USD | 92 |
| 2010-06-01 to 2010-08-31 | 143,477 | USD | 92 |
Change in inventories
The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 320,759 | USD | 92 |
| 2010-06-01 to 2010-08-31 | -15,078 | USD | 92 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2011-06-01 to 2011-08-31 | 247,380 | USD | 92 |
| 2010-06-01 to 2010-08-31 | -55,899 | USD | 92 |
Inspect the source
- Entity
- SCHMITT INDUSTRIES, INC. / CIK 0000922612
- Captured
- SEC response SHA-256
b8e4be2be1c07c223d269f43a8f2524da6da246178565de2100c23cfd6c6fc11
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0000922612.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))