TECHPRECISION CORP: 10-K filed 2023-06-15

Name: TECHPRECISION CORP: 10-K filed 2023-06-15
Creator: TECHPRECISION CORP

What TECHPRECISION CORP reported in its annual report filed 2023-06-15 (fiscal FY 2023): 49 published measures, 98 facts as tagged in accession 0001410578-23-001442.

This filing

Form: 10-K (annual report)
Filed: 2023-06-15
Fiscal period: fiscal FY 2023
Accession: 0001410578-23-001442 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 TECHPRECISION CORP 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 2023-03-31	36,207,741	USD
At 2022-03-31	37,852,559	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-03-31	21,613,590	USD
At 2022-03-31	22,588,791	USD

Stockholders equity

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

Period	Value	Unit
At 2023-03-31	14,594,151	USD
At 2022-03-31	15,263,768	USD
At 2021-03-31	9,941,848	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 2023-03-31	534,474	USD
At 2022-03-31	1,052,139	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
2022-04-01 to 2023-03-31	-979,006	USD	365
2021-04-01 to 2022-03-31	-349,834	USD	365

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
2022-04-01 to 2023-03-31	3,137,838	USD	365
2021-04-01 to 2022-03-31	257,839	USD	365

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
2022-04-01 to 2023-03-31	2,325,301	USD	365
2021-04-01 to 2022-03-31	939,004	USD	365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2022-04-01 to 2023-03-31	31,431,614	USD	365
2021-04-01 to 2022-03-31	22,282,495	USD	365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-04-01 to 2023-03-31	31,431,614	USD	365
2021-04-01 to 2022-03-31	22,282,495	USD	365

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
2022-04-01 to 2023-03-31	-1,337,202	USD	365
2021-04-01 to 2022-03-31	7,398,404	USD	365

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
2022-04-01 to 2023-03-31	-2,318,301	USD	365
2021-04-01 to 2022-03-31	-8,734,814	USD	365

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 2023-03-31	-356,439	USD
At 2022-03-31	622,567	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
2022-04-01 to 2023-03-31	8,595,992	shares	365
2021-04-01 to 2022-03-31	8,095,058	shares	365

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
2022-04-01 to 2023-03-31	8,595,992	shares	365
2021-04-01 to 2022-03-31	8,095,058	shares	365

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
2022-04-01 to 2023-03-31	-0.11	USD/shares	365
2021-04-01 to 2022-03-31	-0.04	USD/shares	365

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
2022-04-01 to 2023-03-31	-0.11	USD/shares	365
2021-04-01 to 2022-03-31	-0.04	USD/shares	365

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
2022-04-01 to 2023-03-31	195,584	USD	365
2021-04-01 to 2022-03-31	-192,355	USD	365

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 2023-03-31	13,914,024	USD
At 2022-03-31	13,153,165	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
2022-04-01 to 2023-03-31	253,079	USD	365
2021-04-01 to 2022-03-31	190,754	USD	365

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
2022-04-01 to 2023-03-31	-1,105,220	USD	365
2021-04-01 to 2022-03-31	-1,561,529	USD	365

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 2023-03-31	14,580,337	USD
At 2022-03-31	16,067,753	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
2022-04-01 to 2023-03-31	355,608	USD	365
2021-04-01 to 2022-03-31	269,375	USD	365

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 2023-03-31	9,020,985	USD
At 2022-03-31	13,314,993	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 2023-03-31	2,224,320	USD
At 2022-03-31	3,426,921	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 2023-03-31	2,336,481	USD
At 2022-03-31	3,009,249	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
2022-04-01 to 2023-03-31	4,903,661	USD	365
2021-04-01 to 2022-03-31	3,376,557	USD	365

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
2022-04-01 to 2023-03-31	6,008,881	USD	365
2021-04-01 to 2022-03-31	4,938,086	USD	365

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 2023-03-31	8,613,408	shares
At 2022-03-31	8,576,862	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2023-03-31	534,474	USD
At 2022-03-31	1,052,139	USD
At 2021-03-31	2,130,711	USD

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 2023-03-31	14,949,729	USD
At 2022-03-31	14,640,343	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2023-03-31	6,113,013	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 2023-03-31	121,256	USD
At 2022-03-31	121,256	USD

Other noncurrent liabilities

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

Period	Value	Unit	Days
At 2023-03-31	2,699,492	USD
At 2022-03-31	305,071	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 2023-03-31	2,533,185	USD
At 2022-03-31	3,435,866	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2023-03-31	2,333,591	USD
At 2022-03-31	1,765,319	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2023-03-31	4,252,500	USD
At 2022-03-31	4,894,751	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
2022-04-01 to 2023-03-31	-783,422	USD	365
2021-04-01 to 2022-03-31	-542,189	USD	365

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-04-01 to 2023-03-31	-979,006	USD	365
2021-04-01 to 2022-03-31	-349,834	USD	365

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
2022-04-01 to 2023-03-31	-979,006	USD	365
2021-04-01 to 2022-03-31	-371,672	USD	365

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2022-04-01 to 2023-03-31	-979,006	USD	365
2021-04-01 to 2022-03-31	-349,834	USD	365

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
2022-04-01 to 2023-03-31	2,217,472	USD	365
2021-04-01 to 2022-03-31	1,460,439	USD	365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2022-04-01 to 2023-03-31	321,798	USD	365
2021-04-01 to 2022-03-31	1,019,340	USD	365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2022-04-01 to 2023-03-31	195,584	USD	365
2021-04-01 to 2022-03-31	-192,355	USD	365

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
2022-04-01 to 2023-03-31	288,085	USD	365
2021-04-01 to 2022-03-31	236,575	USD	365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2021-04-01 to 2022-03-31	3,523,000	USD	365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2022-04-01 to 2023-03-31	851,806	USD	365
2021-04-01 to 2022-03-31	448,206	USD	365

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
2022-04-01 to 2023-03-31	-672,768	USD	365
2021-04-01 to 2022-03-31	842,943	USD	365

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
2022-04-01 to 2023-03-31	177,914	USD	365
2021-04-01 to 2022-03-31	42,491	USD	365

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
2022-04-01 to 2023-03-31	-1,202,601	USD	365
2021-04-01 to 2022-03-31	245,743	USD	365

Inspect the source

Entity: TECHPRECISION CORP / CIK 0001328792
Captured: 2026-09-20T07:53:04.426Z
SEC response SHA-256: f5185cc1ed9901fe9f2d9d62422a98254535e717e8e9a0d4092229cb80294954

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/0001328792.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"])))