SCHMITT INDUSTRIES, INC.: 10-Q filed 2017-04-12
What SCHMITT INDUSTRIES, INC. reported in its quarterly report filed 2017-04-12 (fiscal Q3 2017): 38 published measures, 108 facts as tagged in accession 0001193125-17-121358.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2017-04-12
- Fiscal period
- fiscal Q3 2017
- Accession
- 0001193125-17-121358 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 2017-02-28 | 8,795,926 | 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 2017-02-28 | 7,298,952 | 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 2017-02-28 | 481,831 | USD | |
| At 2016-05-31 | 988,686 | USD | |
| At 2016-02-29 | 1,135,365 | 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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | -131,333 | USD | 90 |
| 2016-06-01 to 2017-02-28 | -639,432 | USD | 273 |
| 2015-12-01 to 2016-02-29 | -450,906 | USD | 91 |
| 2015-06-01 to 2016-02-29 | -1,049,755 | USD | 274 |
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 2017-02-28 | 48,510 | USD | 273 |
| 2015-06-01 to 2016-02-29 | 3,520 | USD | 274 |
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 2017-02-28 | -2,810,396 | 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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | 2,995,910 | shares | 90 |
| 2016-06-01 to 2017-02-28 | 2,995,910 | shares | 273 |
| 2015-12-01 to 2016-02-29 | 2,995,910 | shares | 91 |
| 2015-06-01 to 2016-02-29 | 2,995,910 | shares | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | 2,995,910 | shares | 90 |
| 2016-06-01 to 2017-02-28 | 2,995,910 | shares | 273 |
| 2015-12-01 to 2016-02-29 | 2,995,910 | shares | 91 |
| 2015-06-01 to 2016-02-29 | 2,995,910 | shares | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | -0.04 | USD/shares | 90 |
| 2016-06-01 to 2017-02-28 | -0.21 | USD/shares | 273 |
| 2015-12-01 to 2016-02-29 | -0.15 | USD/shares | 91 |
| 2015-06-01 to 2016-02-29 | -0.35 | USD/shares | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | -0.04 | USD/shares | 90 |
| 2016-06-01 to 2017-02-28 | -0.21 | USD/shares | 273 |
| 2015-12-01 to 2016-02-29 | -0.15 | USD/shares | 91 |
| 2015-06-01 to 2016-02-29 | -0.35 | USD/shares | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | 6,993 | USD | 90 |
| 2016-06-01 to 2017-02-28 | 21,372 | USD | 273 |
| 2015-12-01 to 2016-02-29 | 6,495 | USD | 91 |
| 2015-06-01 to 2016-02-29 | 20,306 | USD | 274 |
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 2017-02-28 | 887,229 | 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 2017-02-28 | 18,646 | USD | 273 |
| 2015-06-01 to 2016-02-29 | 48,320 | USD | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | -98,698 | USD | 90 |
| 2016-06-01 to 2017-02-28 | -567,007 | USD | 273 |
| 2015-12-01 to 2016-02-29 | -410,294 | USD | 91 |
| 2015-06-01 to 2016-02-29 | -970,321 | USD | 274 |
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 2017-02-28 | 7,279,464 | 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 2017-02-28 | 1,496,974 | 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 2017-02-28 | 816,532 | 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 2017-02-28 | 629,233 | 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 2017-02-28 | 2,274,729 | 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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | 1,313,240 | USD | 90 |
| 2016-06-01 to 2017-02-28 | 4,189,708 | USD | 273 |
| 2015-12-01 to 2016-02-29 | 1,473,655 | USD | 91 |
| 2015-06-01 to 2016-02-29 | 4,752,584 | USD | 274 |
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 2017-02-28 | 4,342,217 | 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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | 1,214,542 | USD | 90 |
| 2016-06-01 to 2017-02-28 | 3,622,701 | USD | 273 |
| 2015-12-01 to 2016-02-29 | 1,063,361 | USD | 91 |
| 2015-06-01 to 2016-02-29 | 3,782,263 | USD | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | 1,984,580 | USD | 90 |
| 2016-06-01 to 2017-02-28 | 5,124,514 | USD | 273 |
| 2015-12-01 to 2016-02-29 | 1,465,104 | USD | 91 |
| 2015-06-01 to 2016-02-29 | 4,924,355 | USD | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | 1,263,529 | USD | 90 |
| 2016-06-01 to 2017-02-28 | 4,000,873 | USD | 273 |
| 2015-12-01 to 2016-02-29 | 1,405,632 | USD | 91 |
| 2015-06-01 to 2016-02-29 | 4,525,149 | USD | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | 49,711 | USD | 90 |
| 2016-06-01 to 2017-02-28 | 188,835 | USD | 273 |
| 2015-12-01 to 2016-02-29 | 68,023 | USD | 91 |
| 2015-06-01 to 2016-02-29 | 227,435 | USD | 274 |
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 2017-02-28 | 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 2017-02-28 | -478,820 | 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 2017-02-28 | 3,399,903 | 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 2017-02-28 | 2,512,674 | 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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | -124,340 | USD | 90 |
| 2016-06-01 to 2017-02-28 | -618,060 | USD | 273 |
| 2015-12-01 to 2016-02-29 | -444,411 | USD | 91 |
| 2015-06-01 to 2016-02-29 | -1,029,449 | USD | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | -151,933 | USD | 90 |
| 2016-06-01 to 2017-02-28 | -723,734 | USD | 273 |
| 2015-12-01 to 2016-02-29 | -490,013 | USD | 91 |
| 2015-06-01 to 2016-02-29 | -1,104,535 | USD | 274 |
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 2017-02-28 | 165,071 | USD | 273 |
| 2015-06-01 to 2016-02-29 | 187,614 | USD | 274 |
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 |
|---|---|---|---|
| 2016-12-01 to 2017-02-28 | -25,642 | USD | 90 |
| 2016-06-01 to 2017-02-28 | -51,053 | USD | 273 |
| 2015-12-01 to 2016-02-29 | -34,117 | USD | 91 |
| 2015-06-01 to 2016-02-29 | -59,128 | USD | 274 |
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 2017-02-28 | 2,427 | USD | 273 |
| 2015-06-01 to 2016-02-29 | 2,025 | USD | 274 |
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 2017-02-28 | 17,881 | USD | 273 |
| 2015-06-01 to 2016-02-29 | 20,620 | USD | 274 |
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 2017-02-28 | 216,535 | USD | 273 |
| 2015-06-01 to 2016-02-29 | -647,856 | USD | 274 |
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 2017-02-28 | -329,250 | USD | 273 |
| 2015-06-01 to 2016-02-29 | 260,379 | USD | 274 |
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 2017-02-28 | -52,392 | USD | 273 |
| 2015-06-01 to 2016-02-29 | -185,115 | USD | 274 |
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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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"])))