SCHMITT INDUSTRIES, INC.: 10-Q filed 2017-01-12
What SCHMITT INDUSTRIES, INC. reported in its quarterly report filed 2017-01-12 (fiscal Q2 2017): 38 published measures, 108 facts as tagged in accession 0001193125-17-008754.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2017-01-12
- Fiscal period
- fiscal Q2 2017
- Accession
- 0001193125-17-008754 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 2016-11-30 | 8,591,636 | USD | |
| At 2016-05-31 | 9,634,740 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-11-30 | 7,447,707 | USD | |
| At 2016-05-31 | 8,004,040 | 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 2016-11-30 | 543,207 | USD | |
| At 2016-05-31 | 988,686 | USD | |
| At 2015-11-30 | 1,263,567 | USD | |
| At 2015-05-31 | 1,795,654 | 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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | -382,470 | USD | 91 |
| 2016-06-01 to 2016-11-30 | -508,099 | USD | 183 |
| 2015-09-01 to 2015-11-30 | -403,787 | USD | 91 |
| 2015-06-01 to 2015-11-30 | -598,849 | USD | 183 |
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 |
|---|---|---|---|
| 2016-06-01 to 2016-11-30 | 44,587 | USD | 183 |
| 2015-06-01 to 2015-11-30 | 0 | USD | 183 |
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 2016-11-30 | -2,679,063 | USD | |
| At 2016-05-31 | -2,170,964 | 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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | 2,995,910 | shares | 91 |
| 2016-06-01 to 2016-11-30 | 2,995,910 | shares | 183 |
| 2015-09-01 to 2015-11-30 | 2,995,910 | shares | 91 |
| 2015-06-01 to 2015-11-30 | 2,995,910 | shares | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | 2,995,910 | shares | 91 |
| 2016-06-01 to 2016-11-30 | 2,995,910 | shares | 183 |
| 2015-09-01 to 2015-11-30 | 2,995,910 | shares | 91 |
| 2015-06-01 to 2015-11-30 | 2,995,910 | shares | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | -0.13 | USD/shares | 91 |
| 2016-06-01 to 2016-11-30 | -0.17 | USD/shares | 183 |
| 2015-09-01 to 2015-11-30 | -0.13 | USD/shares | 91 |
| 2015-06-01 to 2015-11-30 | -0.2 | USD/shares | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | -0.13 | USD/shares | 91 |
| 2016-06-01 to 2016-11-30 | -0.17 | USD/shares | 183 |
| 2015-09-01 to 2015-11-30 | -0.13 | USD/shares | 91 |
| 2015-06-01 to 2015-11-30 | -0.2 | USD/shares | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | 6,350 | USD | 91 |
| 2016-06-01 to 2016-11-30 | 14,379 | USD | 183 |
| 2015-09-01 to 2015-11-30 | 6,971 | USD | 91 |
| 2015-06-01 to 2015-11-30 | 13,811 | USD | 183 |
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 2016-11-30 | 952,182 | USD | |
| At 2016-05-31 | 965,452 | 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 |
|---|---|---|---|
| 2016-06-01 to 2016-11-30 | 15,468 | USD | 183 |
| 2015-06-01 to 2015-11-30 | 37,953 | USD | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | -352,542 | USD | 91 |
| 2016-06-01 to 2016-11-30 | -468,309 | USD | 183 |
| 2015-09-01 to 2015-11-30 | -377,725 | USD | 91 |
| 2015-06-01 to 2015-11-30 | -560,027 | USD | 183 |
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 2016-11-30 | 6,982,338 | USD | |
| At 2016-05-31 | 7,956,407 | 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 2016-11-30 | 1,143,929 | USD | |
| At 2016-05-31 | 1,630,700 | 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 2016-11-30 | 486,963 | USD | |
| At 2016-05-31 | 877,167 | 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 2016-11-30 | 657,116 | USD | |
| At 2016-05-31 | 712,881 | 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 2016-11-30 | 1,825,101 | USD | |
| At 2016-05-31 | 2,099,082 | 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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | 1,384,952 | USD | 91 |
| 2016-06-01 to 2016-11-30 | 2,876,468 | USD | 183 |
| 2015-09-01 to 2015-11-30 | 1,654,135 | USD | 91 |
| 2015-06-01 to 2015-11-30 | 3,278,929 | USD | 183 |
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 2016-11-30 | 4,465,801 | USD | |
| At 2016-05-31 | 4,727,977 | 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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | 1,032,410 | USD | 91 |
| 2016-06-01 to 2016-11-30 | 2,408,159 | USD | 183 |
| 2015-09-01 to 2015-11-30 | 1,276,410 | USD | 91 |
| 2015-06-01 to 2015-11-30 | 2,718,902 | USD | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | 1,623,151 | USD | 91 |
| 2016-06-01 to 2016-11-30 | 3,139,934 | USD | 183 |
| 2015-09-01 to 2015-11-30 | 1,797,359 | USD | 91 |
| 2015-06-01 to 2015-11-30 | 3,459,251 | USD | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | 1,324,675 | USD | 91 |
| 2016-06-01 to 2016-11-30 | 2,737,344 | USD | 183 |
| 2015-09-01 to 2015-11-30 | 1,581,635 | USD | 91 |
| 2015-06-01 to 2015-11-30 | 3,119,517 | USD | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | 60,277 | USD | 91 |
| 2016-06-01 to 2016-11-30 | 139,124 | USD | 183 |
| 2015-09-01 to 2015-11-30 | 72,500 | USD | 91 |
| 2015-06-01 to 2015-11-30 | 159,412 | USD | 183 |
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 2016-11-30 | 2,995,910 | shares | |
| At 2016-05-31 | 2,995,910 | 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 2016-11-30 | -458,220 | USD | |
| At 2016-05-31 | -394,518 | 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 2016-11-30 | 3,442,677 | USD | |
| At 2016-05-31 | 3,554,454 | 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 2016-11-30 | 2,490,495 | USD | |
| At 2016-05-31 | 2,589,002 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | -376,120 | USD | 91 |
| 2016-06-01 to 2016-11-30 | -493,720 | USD | 183 |
| 2015-09-01 to 2015-11-30 | -396,816 | USD | 91 |
| 2015-06-01 to 2015-11-30 | -585,038 | USD | 183 |
Comprehensive income or loss
Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | -401,655 | USD | 91 |
| 2016-06-01 to 2016-11-30 | -571,801 | USD | 183 |
| 2015-09-01 to 2015-11-30 | -419,460 | USD | 91 |
| 2015-06-01 to 2015-11-30 | -608,163 | USD | 183 |
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 |
|---|---|---|---|
| 2016-06-01 to 2016-11-30 | 110,437 | USD | 183 |
| 2015-06-01 to 2015-11-30 | 127,198 | USD | 183 |
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 |
|---|---|---|---|
| 2016-09-01 to 2016-11-30 | -23,578 | USD | 91 |
| 2016-06-01 to 2016-11-30 | -25,411 | USD | 183 |
| 2015-09-01 to 2015-11-30 | -19,091 | USD | 91 |
| 2015-06-01 to 2015-11-30 | -25,011 | USD | 183 |
Interest paid, net
Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-06-01 to 2016-11-30 | 1,726 | USD | 183 |
| 2015-06-01 to 2015-11-30 | 1,384 | USD | 183 |
Income taxes paid, net
Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-06-01 to 2016-11-30 | 7,826 | USD | 183 |
| 2015-06-01 to 2015-11-30 | 14,623 | USD | 183 |
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 |
|---|---|---|---|
| 2016-06-01 to 2016-11-30 | -238,684 | USD | 183 |
| 2015-06-01 to 2015-11-30 | -115,949 | USD | 183 |
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 |
|---|---|---|---|
| 2016-06-01 to 2016-11-30 | -206,624 | USD | 183 |
| 2015-06-01 to 2015-11-30 | 90,216 | USD | 183 |
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 |
|---|---|---|---|
| 2016-06-01 to 2016-11-30 | -382,255 | USD | 183 |
| 2015-06-01 to 2015-11-30 | -240,883 | USD | 183 |
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
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
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Use this in research
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Read the published dataset with Python
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"])))