2017 Q3 Form 10-Q Financial Statement
#000143774917016948 Filed on October 06, 2017
Income Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| Revenue | $6.550M | $6.431M |
| YoY Change | 1.84% | -1.28% |
| Cost Of Revenue | $5.105M | $5.190M |
| YoY Change | -1.63% | -1.19% |
| Gross Profit | $1.445M | $1.242M |
| YoY Change | 16.37% | -1.62% |
| Gross Profit Margin | 22.06% | 19.31% |
| Selling, General & Admin | $1.228M | $1.335M |
| YoY Change | -8.05% | -5.59% |
| % of Gross Profit | 84.97% | 107.53% |
| Research & Development | $110.0K | $120.0K |
| YoY Change | -8.33% | -7.69% |
| % of Gross Profit | 7.61% | 9.66% |
| Depreciation & Amortization | $180.0K | $170.0K |
| YoY Change | 5.88% | 13.33% |
| % of Gross Profit | 12.46% | 13.69% |
| Operating Expenses | $1.336M | $1.459M |
| YoY Change | -8.44% | -32.49% |
| Operating Profit | $109.2K | -$217.2K |
| YoY Change | -150.3% | -75.84% |
| Interest Expense | $92.35K | $60.54K |
| YoY Change | 52.55% | -23.1% |
| % of Operating Profit | 84.54% | |
| Other Income/Expense, Net | -$17.12K | -$6.653K |
| YoY Change | 157.25% | -96.16% |
| Pretax Income | $92.13K | -$223.8K |
| YoY Change | -141.16% | -79.12% |
| Income Tax | $50.48K | -$74.14K |
| % Of Pretax Income | 54.79% | |
| Net Earnings | $23.21K | -$288.3K |
| YoY Change | -108.05% | -63.77% |
| Net Earnings / Revenue | 0.35% | -4.48% |
| Basic Earnings Per Share | $0.01 | -$0.07 |
| Diluted Earnings Per Share | $0.01 | -$0.07 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 4.161M | 4.106M |
| Diluted Shares Outstanding | 4.161M | 4.106M |
Balance Sheet
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $390.0K | $500.0K |
| YoY Change | -22.0% | -21.88% |
| Cash & Equivalents | $393.3K | $501.1K |
| Short-Term Investments | ||
| Other Short-Term Assets | $315.1K | $272.9K |
| YoY Change | 15.46% | -14.92% |
| Inventory | $13.18M | $13.67M |
| Prepaid Expenses | ||
| Receivables | $2.416M | $2.700M |
| Other Receivables | $0.00 | $150.0K |
| Total Short-Term Assets | $16.34M | $19.22M |
| YoY Change | -14.98% | -8.55% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $6.076M | $7.409M |
| YoY Change | -17.99% | -34.14% |
| Goodwill | $375.0K | $375.0K |
| YoY Change | 0.0% | 0.0% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $37.49K | $65.94K |
| YoY Change | -43.15% | 17.33% |
| Total Long-Term Assets | $10.15M | $9.768M |
| YoY Change | 3.96% | -16.45% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $16.34M | $19.22M |
| Total Long-Term Assets | $10.15M | $9.768M |
| Total Assets | $26.49M | $28.98M |
| YoY Change | -8.6% | -11.38% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.340M | $1.118M |
| YoY Change | 19.85% | -8.77% |
| Accrued Expenses | $1.034M | $944.0K |
| YoY Change | 9.5% | -23.19% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $3.730M | $3.430M |
| YoY Change | 8.75% | -14.89% |
| Long-Term Debt Due | $2.375M | $1.846M |
| YoY Change | 28.66% | 40.61% |
| Total Short-Term Liabilities | $9.355M | $7.714M |
| YoY Change | 21.26% | -4.05% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $268.8K | $1.530M |
| YoY Change | -82.43% | -69.16% |
| Other Long-Term Liabilities | $0.00 | $620.0K |
| YoY Change | -100.0% | |
| Total Long-Term Liabilities | $268.8K | $1.530M |
| YoY Change | -82.43% | -69.16% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $9.355M | $7.714M |
| Total Long-Term Liabilities | $268.8K | $1.530M |
| Total Liabilities | $9.624M | $10.66M |
| YoY Change | -9.69% | -24.0% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $14.24M | $15.55M |
| YoY Change | -8.44% | -2.67% |
| Common Stock | $41.59K | $41.09K |
| YoY Change | 1.21% | 1.18% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $6.425K | |
| YoY Change | ||
| Treasury Stock Shares | $1.838K | |
| Shareholders Equity | $16.87M | $18.33M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $26.49M | $28.98M |
| YoY Change | -8.6% | -11.38% |
Cashflow Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $23.21K | -$288.3K |
| YoY Change | -108.05% | -63.77% |
| Depreciation, Depletion And Amortization | $180.0K | $170.0K |
| YoY Change | 5.88% | 13.33% |
| Cash From Operating Activities | $510.0K | -$830.0K |
| YoY Change | -161.45% | 207.41% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$180.0K | -$50.00K |
| YoY Change | 260.0% | -37.5% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $10.00K | -$10.00K |
| YoY Change | -200.0% | |
| Cash From Investing Activities | -$170.0K | -$60.00K |
| YoY Change | 183.33% | -25.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -220.0K | 1.120M |
| YoY Change | -119.64% | 187.18% |
| NET CHANGE | ||
| Cash From Operating Activities | 510.0K | -830.0K |
| Cash From Investing Activities | -170.0K | -60.00K |
| Cash From Financing Activities | -220.0K | 1.120M |
| Net Change In Cash | 120.0K | 230.0K |
| YoY Change | -47.83% | 475.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $510.0K | -$830.0K |
| Capital Expenditures | -$180.0K | -$50.00K |
| Free Cash Flow | $690.0K | -$780.0K |
| YoY Change | -188.46% | 310.53% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q3 | artw |
Assets Held For Lease Net
AssetsHeldForLeaseNet
|
1232940 | |
| CY2016Q4 | artw |
Assets Held For Lease Net
AssetsHeldForLeaseNet
|
||
| CY2017Q3 | artw |
Disposal Group Including Discontinued Operation Notes Payable
DisposalGroupIncludingDiscontinuedOperationNotesPayable
|
618016 | |
| CY2016Q4 | artw |
Disposal Group Including Discontinued Operation Notes Payable
DisposalGroupIncludingDiscontinuedOperationNotesPayable
|
715945 | |
| CY2017Q3 | artw |
Engineering Expense
EngineeringExpense
|
107944 | |
| CY2016Q3 | artw |
Engineering Expense
EngineeringExpense
|
123653 | |
| artw |
Engineering Expense
EngineeringExpense
|
372932 | ||
| artw |
Engineering Expense
EngineeringExpense
|
314794 | ||
| artw |
Standard Product Warranty Term
StandardProductWarrantyTerm
|
P1Y | ||
| CY2017Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1340209 | |
| CY2016Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
469481 | |
| CY2017Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2416119 | |
| CY2016Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1420051 | |
| CY2017Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
3100 | |
| CY2016Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
||
| CY2017Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1033694 | |
| CY2016Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1019056 | |
| CY2017Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-241821 | |
| CY2017Q3 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
88800 | |
| CY2016Q4 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
4297 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1063716 | |
| CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-302232 | |
| CY2017Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
2838238 | |
| CY2016Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
2746509 | |
| CY2017Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
19266 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
92225 | ||
| CY2016Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
31417 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
70846 | ||
| CY2017Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
36642 | |
| CY2016Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
22746 | |
| CY2017Q3 | us-gaap |
Assets
Assets
|
26491778 | |
| CY2016Q4 | us-gaap |
Assets
Assets
|
27242590 | |
| CY2017Q3 | us-gaap |
Assets Current
AssetsCurrent
|
16336824 | |
| CY2016Q4 | us-gaap |
Assets Current
AssetsCurrent
|
17621919 | |
| CY2017Q3 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
70000 | |
| CY2016Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
70000 | |
| CY2017Q3 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
22034 | |
| CY2016Q4 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
9700 | |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
447231 | |
| CY2017Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
393276 | |
| CY2016Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
501053 | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-670440 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
53822 | ||
| us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
-97930 | ||
| us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
-94789 | ||
| us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
40936 | ||
| us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
-19068 | ||
| us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
-69028 | ||
| us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
82632 | ||
| CY2017Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2017Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2017Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
9500000 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
9500000 | |
| CY2017Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4158752 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4109052 | |
| CY2017Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4158752 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4109052 | |
| CY2017Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
41587 | |
| CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
41091 | |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
88716 | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-288279 | |
| us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-387321 | ||
| CY2017Q3 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-8008 | |
| CY2016Q3 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-68600 | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-693971 | ||
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-263878 | ||
| CY2017Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
5104826 | |
| CY2016Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
5189532 | |
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
12290041 | ||
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
13088340 | ||
| CY2017Q3 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
9867 | |
| CY2016Q4 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
108349 | |
| CY2017Q3 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
124225 | |
| CY2016Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
289195 | |
| CY2017Q3 | us-gaap |
Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
|
||
| CY2016Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
|
1066740 | |
| CY2017Q3 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
649054 | |
| CY2016Q4 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
||
| CY2017Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
||
| CY2016Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
737519 | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
516642 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
516904 | ||
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style=";font-family:Times New Roman, Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="width:18pt;vertical-align:top;"><div style=" font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>)</div></div> </td> <td style="vertical-align:top;"> <div style=" font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">Recently Issued Accounting Pronouncements</div></div> </td> </tr> </table> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">Adopted Accounting <div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">Pronouncements</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; text-decoration: underline;">Going Concern</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 2014, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15,</div> “<div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">Presentation of Financial Statements – Going Concern” which is authoritative guidance on management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and provide related footnote disclosures, codified in ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">205</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">40,</div> <div style="display: inline; font-style: italic;">Going Concern</div>. The guidance provides a definition of the term substantial doubt, requires an evaluation every reporting period including interim periods, provides principles for considering the mitigating effect of management’s plans, requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, requires an express statement and other disclosures when substantial doubt is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> alleviated, and requires an assessment for a period of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> year after the date that the financial statements are issued (or available to be issued). ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15</div> is effective for annual reporting periods ending after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2016. </div>The Company has adopted this guidance for the year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 30, 2017, </div>and it will apply to each interim and annual period thereafter. Its adoption has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> had a material impact on the Company’s consolidated financial statements other than the increased disclosures</div><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">.</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; text-decoration: underline;">Inventory</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 2015, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,</div> “<div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">Inventory (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">330</div>),” which requires inventory measured using any method other than last-in, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div>-out or the retail inventory method to be subsequently measured at the lower of cost or net realizable value, rather than the lower of cost or market. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11</div> is effective for fiscal years beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2016, </div>including interim periods within those years. The Company has adopted this guidance for the year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 30, 2017</div></div><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">, including interim periods within that reporting period. The Company chose early adoption for this guidance, as its impact was expected <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> to be material, and it will allow the Company to focus more of its efforts on preparing for the adoption of more complex guidance. Its adoption has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> had a material impact on the Company’s consolidated financial statements.</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; text-decoration: underline;">Income Taxes</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 2015, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17,</div> “Income Taxes (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">740</div>)”, to simplify the presentation of deferred income taxes. Under the new standard, both deferred tax liabilities and assets are required to be classified as noncurrent in a classified balance sheet. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17</div> is effective for fiscal years beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2017 </div>and interim periods within annual periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2018. </div><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">During the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter of fiscal <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017,</div> the Company elected to prospectively adopt ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17,</div> thus reclassifying current deferred tax assets to noncurrent on the accompanying consolidated balance sheet. The prior reporting period was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> retrospectively adjusted. The Company chose early adoption for this guidance, as its impact was expected <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> to be material, and it will allow the Company to focus more of its efforts on preparing for the adoption of more complex guidance.</div><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;"> </div><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">The adoption of this guidance had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> impact on the Company’s consolidated statements of operations and comprehensive income.</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div><div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">Accounting Pronouncements <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">Not</div> Yet Adopted</div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; text-decoration: underline;">Revenue from Contract<div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">s with Customers</div></div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> May 2014, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09,</div> “<div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">Revenue from Contracts with Customers” which supersedes the guidance in “Revenue Recognition (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">605</div>)” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">09</div> is effective for annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2017, </div>including interim periods within that reporting period</div><div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">, and is to be applied retrospectively, with early application <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> permitted. The Company is evaluating the new standard, and at this time believes that its Scientific segment will be impacted most significantly by this standard. The Company believes that this segment will need to work to revise its standard contracts with customers to more clearly define the rights and considerations transferred at the various milestones identified in the contracts. The Company believes that the other segments already have the necessary tools to evaluate their revenues in a manner consistent with the application of this standard, and will have the ability to meet the disclosure requirements using current systems. The Company continues to research and assess the implications of the adoption of this standard on its consolidated financial statements.</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; text-decoration: underline;">Leases</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 2016, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02,</div> “Leases (topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">842</div>)”, which requires a lessee to recognize a right-of-use asset and a lease liability on its balance sheet for all leases with terms of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">twelve</div> months or greater. This guidance is effective for fiscal years beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2018, </div>including interim periods within those years. The Company will adopt this guidance for the year<div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;"> ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 30, 2020 </div>including interim periods within that reporting period. The Company is currently evaluating the impact of this guidance on its consolidated financial statements.</div></div></div> | ||
| CY2017Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-26449 | |
| CY2016Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-207203 | |
| us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-49238 | ||
| us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-15756 | ||
| us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-122636 | ||
| CY2017Q3 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
1714198 | |
| CY2016Q4 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
1745528 | |
| CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
| CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | ||
| CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
| CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | ||
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
60411 | ||
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
|||
| CY2017Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
518162 | |
| CY2016Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
542449 | |
| us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
|||
| us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-720900 | ||
| us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
807 | ||
| CY2017Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
41648 | |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
|||
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
|||
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-20824 | ||
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
26473 | ||
| CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
795200 | |
| CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
879160 | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2560894 | ||
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2618488 | ||
| CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
375000 | |
| CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
375000 | |
| us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
|||
| us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
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| CY2017Q3 | us-gaap |
Gross Profit
GrossProfit
|
1444946 | |
| CY2016Q3 | us-gaap |
Gross Profit
GrossProfit
|
1241685 | |
| us-gaap |
Gross Profit
GrossProfit
|
3370253 | ||
| us-gaap |
Gross Profit
GrossProfit
|
4353529 | ||
| us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
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| CY2016Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-149676 | |
| CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
92125 | |
| CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-223818 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1009819 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1043 | ||
| CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.01 | |
| CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.04 | |
| us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.17 | ||
| us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0 | ||
| CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.01 | |
| CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.04 | |
| us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.17 | ||
| us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0 | ||
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Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-33482 | ||
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-264685 | ||
| CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-18441 | |
| CY2016Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-138603 | |
| CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
||
| CY2016Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.03 | |
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.01 | ||
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.06 | ||
| CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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|
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| CY2016Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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|
-0.03 | |
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Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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|
-0.01 | ||
| us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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|
-0.06 | ||
| CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
50477 | |
| CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-74142 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-288919 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
236 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
|||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
4872 | ||
| CY2017Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
||
| CY2016Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
265924 | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
870377 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
622394 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1011520 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
842313 | ||
| us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
3100 | ||
| us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
|||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
14638 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-247339 | ||
| us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-164970 | ||
| us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-100631 | ||
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
319833 | ||
| us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
64969 | ||
| us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-265924 | ||
| us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-192041 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-348888 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-1517567 | ||
| us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
155776 | ||
| us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
233758 | ||
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
182985 | ||
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-147356 | ||
| CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
92351 | |
| CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
60537 | |
| us-gaap |
Interest Expense
InterestExpense
|
235398 | ||
| us-gaap |
Interest Expense
InterestExpense
|
182510 | ||
| us-gaap |
Interest Paid
InterestPaid
|
247330 | ||
| us-gaap |
Interest Paid
InterestPaid
|
202007 | ||
| CY2017Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
6097961 | |
| CY2016Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
7054736 | |
| CY2017Q3 | us-gaap |
Inventory Gross
InventoryGross
|
15403593 | |
| CY2016Q4 | us-gaap |
Inventory Gross
InventoryGross
|
16132558 | |
| CY2017Q3 | us-gaap |
Inventory Net
InventoryNet
|
13180464 | |
| CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
13529352 | |
| CY2017Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
8977615 | |
| CY2016Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
8568624 | |
| CY2017Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2223129 | |
| CY2016Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
2603206 | |
| CY2017Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
328017 | |
| CY2016Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
509198 | |
| CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
9623670 | |
| CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
9766311 | |
| CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
26491778 | |
| CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
27242590 | |
| CY2017Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
9354865 | |
| CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
7056506 | |
| CY2017Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
656058 | |
| CY2016Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
182426 | |
| CY2017Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
||
| CY2016Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
585168 | |
| CY2017Q3 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
3734114 | |
| CY2016Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
3284114 | |
| CY2017Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
3261486 | |
| CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3911000 | |
| CY2017Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2374665 | |
| CY2016Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
1807937 | |
| CY2017Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
268805 | |
| CY2016Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1387118 | |
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style=";font-family:Times New Roman, Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="width:18pt;"></td> <td style="width:18pt;vertical-align:top;"> <div style=" font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>)</div></div> </td> <td style="vertical-align:top;"> <div style=" font-family:Times New Roman, Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">Description of the Company</div></div> </td> </tr> </table> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">Unless otherwise <div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">specified, as used in this Quarterly Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-Q, the terms “we,” “us,” “our,” “Art’s-Way,” and the “Company,” refer to Art’s-Way Manufacturing Co., Inc., a Delaware corporation headquartered in Armstrong, Iowa, and its wholly-owned subsidiaries.</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">We began operations as a farm equipment manufacturer in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1956.</div> Since that time, we have become a major worldwide manufacturer of agricultural equipment. Our principal manufacturing plant is<div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;"> located in Armstrong, Iowa.</div></div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">We have organized our business into <div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> operating segments. Management separately evaluates the financial results of each segment because each is a strategic business unit offering different products and requiring different technology and marketing strategies. Our agricultural products segment (“Manufacturing”) manufactures farm equipment under the Art’s-Way Manufacturing label and private labels. Our modular buildings segment (“Scientific”) manufactures modular buildings for various uses, commonly animal containment and research laboratories and our tools segment (“Metals”) manufactures steel cutting tools and inserts. During the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div> quarter of fiscal <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> we discontinued our pressurized vessels segment (“Vessels”) that manufactured pressurized vessels. For more information on discontinued operations, see Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div> “Discontinued Operations.” For detailed financial information relating to segment reporting, see Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> “Segment Information.”</div></div></div> | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-205940 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2351105 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-108010 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-2256316 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-413939 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
1040048 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-454875 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
1059116 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-110972 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1364879 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-41944 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1282247 | ||
| CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23207 | |
| CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-288279 | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-754382 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-263878 | ||
| CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-17115 | |
| CY2016Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-6653 | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-45243 | ||
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-66329 | ||
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | ||
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | ||
| CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1335706 | |
| CY2016Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1458850 | |
| us-gaap |
Operating Expenses
OperatingExpenses
|
4334829 | ||
| us-gaap |
Operating Expenses
OperatingExpenses
|
4286157 | ||
| CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
109240 | |
| CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-217165 | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-964576 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
67372 | ||
| CY2017Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
382338 | |
| CY2016Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
342234 | |
| CY2017Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
315064 | |
| CY2016Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
158087 | |
| CY2017Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
37487 | |
| CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
42956 | |
| CY2017Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
65509 | |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
||
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
60411 | ||
| us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
|||
| CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
65509 | |
| CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
60411 | ||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
|||
| CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
75236 | |
| CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
53884 | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
190155 | ||
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
116181 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
6425 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
|||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
472031 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
114376 | ||
| CY2017Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | |
| CY2017Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2017Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2017Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
450000 | ||
| us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-525542 | ||
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
17156 | ||
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1173492 | ||
| CY2017Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
133194 | |
| CY2016Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
134373 | |
| CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6076275 | |
| CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7387187 | |
| CY2017Q3 | us-gaap |
Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
|
1232940 | |
| CY2016Q4 | us-gaap |
Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
|
||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
15452 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
24527 | ||
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
551585 | ||
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1730774 | ||
| CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
14236529 | |
| CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
14990911 | |
| CY2017Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6549772 | |
| CY2016Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6431217 | |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
15660294 | ||
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
17441869 | ||
| us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
186179 | ||
| CY2017Q3 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
26699 | |
| CY2017Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
152964 | |
| CY2016Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
140674 | |
| CY2017Q3 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
133194 | |
| CY2016Q3 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
165700 | |
| CY2016Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
134373 | |
| CY2015Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
176531 | |
| CY2017Q3 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
46469 | |
| CY2016Q3 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
36896 | |
| CY2017Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
432562 | |
| CY2016Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
456037 | |
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1401003 | ||
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1352875 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
92225 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
70846 | ||
| CY2017Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | ||
| CY2016Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | ||
| CY2016Q3 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
61922 | |
| us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
155603 | ||
| CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16868108 | |
| CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17476279 | |
| us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
154424 | ||
| us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
175348 | ||
| CY2017Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1838 | |
| CY2016Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | |
| CY2017Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
6425 | |
| CY2016Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
||
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">Estimates</div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"> </div> <div style=" font-family:Times New Roman, Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The preparation of financial statemen<div style="display: inline; font-family:Times New Roman, Times, serif;font-size:10pt;">ts in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">nine</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 31, 2017. </div>Actual results could differ from those estimates.</div></div></div></div> | ||
| CY2017Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
||
| CY2016Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
||
| CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4105704 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4148966 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4093993 | ||
| us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
|||
| CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4161421 | |
| CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4105704 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4148966 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4093993 | ||
| CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4161421 | |
| us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
