Smith-Midland Corporation: 10-Q filed 2015-11-12

Name: Smith-Midland Corporation: 10-Q filed 2015-11-12
Creator: Smith-Midland Corporation

What Smith-Midland Corporation reported in its quarterly report filed 2015-11-12 (fiscal Q3 2015): 36 published measures, 100 facts as tagged in accession 0000924719-15-000027.

This filing

Form: 10-Q (quarterly report)
Filed: 2015-11-12
Fiscal period: fiscal Q3 2015
Accession: 0000924719-15-000027 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 Smith-Midland Corporation 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 2015-09-30	20,202,816	USD
At 2014-12-31	16,297,916	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2015-09-30	8,851,207	USD
At 2014-12-31	5,824,165	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2015-09-30	11,351,609	USD
At 2014-12-31	10,473,751	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
At 2015-09-30	991,143	USD
At 2014-12-31	3,572,405	USD
At 2014-09-30	4,237,434	USD
At 2013-12-31	3,136,063	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
2015-07-01 to 2015-09-30	1,152,056	USD	92
2015-01-01 to 2015-09-30	872,544	USD	273
2014-07-01 to 2014-09-30	112,490	USD	92
2014-01-01 to 2014-09-30	-186,065	USD	273

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
2015-01-01 to 2015-09-30	-1,555,652	USD	273
2014-01-01 to 2014-09-30	1,731,263	USD	273

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
2015-01-01 to 2015-09-30	864,814	USD	273
2014-01-01 to 2014-09-30	398,684	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2015-01-01 to 2015-09-30	-157,008	USD	273
2014-01-01 to 2014-09-30	-225,821	USD	273

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
2015-01-01 to 2015-09-30	-868,602	USD	273
2014-01-01 to 2014-09-30	-404,071	USD	273

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 2015-09-30	6,363,327	USD
At 2014-12-31	5,492,427	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
2015-07-01 to 2015-09-30	4,893,548	shares	92
2015-01-01 to 2015-09-30	4,892,977	shares	273
2014-07-01 to 2014-09-30	4,881,548	shares	92
2014-01-01 to 2014-09-30	4,881,548	shares	273

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
2015-07-01 to 2015-09-30	4,945,745	shares	92
2015-01-01 to 2015-09-30	4,943,985	shares	273
2014-07-01 to 2014-09-30	4,925,064	shares	92
2014-01-01 to 2014-09-30	4,881,548	shares	273

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
2015-07-01 to 2015-09-30	0.24	USD/shares	92
2015-01-01 to 2015-09-30	0.18	USD/shares	273
2014-07-01 to 2014-09-30	0.02	USD/shares	92
2014-01-01 to 2014-09-30	-0.04	USD/shares	273

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
2015-07-01 to 2015-09-30	0.23	USD/shares	92
2015-01-01 to 2015-09-30	0.18	USD/shares	273
2014-07-01 to 2014-09-30	0.02	USD/shares	92
2014-01-01 to 2014-09-30	-0.04	USD/shares	273

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
2015-07-01 to 2015-09-30	610,000	USD	92
2015-01-01 to 2015-09-30	424,000	USD	273
2014-07-01 to 2014-09-30	75,000	USD	92
2014-01-01 to 2014-09-30	-118,000	USD	273

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 2015-09-30	4,464,707	USD
At 2014-12-31	4,106,611	USD

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
2015-07-01 to 2015-09-30	1,769,597	USD	92
2015-01-01 to 2015-09-30	1,353,507	USD	273
2014-07-01 to 2014-09-30	216,772	USD	92
2014-01-01 to 2014-09-30	-223,435	USD	273

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 2015-09-30	15,468,849	USD
At 2014-12-31	11,935,920	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2015-07-01 to 2015-09-30	26,603	USD	92
2015-01-01 to 2015-09-30	77,333	USD	273
2014-07-01 to 2014-09-30	28,993	USD	92
2014-01-01 to 2014-09-30	87,597	USD	273

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 2015-09-30	6,204,025	USD
At 2014-12-31	2,930,801	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 2015-09-30	2,811,671	USD
At 2014-12-31	1,152,506	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 2015-09-30	10,258,618	USD
At 2014-12-31	4,092,924	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
2015-07-01 to 2015-09-30	1,366,428	USD	92
2015-01-01 to 2015-09-30	4,006,266	USD	273
2014-07-01 to 2014-09-30	1,311,041	USD	92
2014-01-01 to 2014-09-30	3,973,412	USD	273

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
2015-07-01 to 2015-09-30	3,122,950	USD	92
2015-01-01 to 2015-09-30	5,320,515	USD	273
2014-07-01 to 2014-09-30	1,520,406	USD	92
2014-01-01 to 2014-09-30	3,655,818	USD	273

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 2015-09-30	4,893,548	shares
At 2014-12-31	4,881,548	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2015-09-30	5,062,418	USD
At 2014-12-31	5,041,438	USD

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 2015-09-30	-20,771	USD
At 2014-12-31	-6,629	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2015-09-30	269,260	USD
At 2014-12-31	255,385	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2015-09-30	1,158,949	USD
At 2014-12-31	539,549	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2015-09-30	236,123	USD
At 2014-12-31	126,047	USD

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
2015-07-01 to 2015-09-30	1,155,424	USD	92
2015-01-01 to 2015-09-30	859,773	USD	273
2014-07-01 to 2014-09-30	117,764	USD	92
2014-01-01 to 2014-09-30	-157,552	USD	273

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2015-07-01 to 2015-09-30	808,216	USD	92
2015-01-01 to 2015-09-30	2,429,280	USD	273
2014-07-01 to 2014-09-30	761,907	USD	92
2014-01-01 to 2014-09-30	2,337,909	USD	273

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
2015-01-01 to 2015-09-30	499,554	USD	273
2014-01-01 to 2014-09-30	474,744	USD	273

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
2015-07-01 to 2015-09-30	-7,541	USD	92
2015-01-01 to 2015-09-30	-56,963	USD	273
2014-07-01 to 2014-09-30	-29,282	USD	92
2014-01-01 to 2014-09-30	-80,630	USD	273

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
2015-01-01 to 2015-09-30	6,165,694	USD	273
2014-01-01 to 2014-09-30	-2,450,365	USD	273

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
2015-01-01 to 2015-09-30	441,789	USD	273
2014-01-01 to 2014-09-30	-261,984	USD	273

Inspect the source

Entity: Smith-Midland Corporation / CIK 0000924719
Captured: 2026-09-20T05:08:31.684Z
SEC response SHA-256: 30603071a09d807d9b68dba4b219263d05a6740f54e471ab38ac01a82af9a88e

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000924719.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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