$SMID
SMITH MIDLAND CORP Stock $smid

$smid Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000092471915000012 Filed on May 14, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$4.200M	$5.637M
YoY Change	-25.5%	-18.22%
Cost Of Revenue	$3.670M	$4.907M
YoY Change	-25.21%	-3.36%
Gross Profit	$530.0K	$730.0K
YoY Change	-27.4%	-59.8%
Gross Profit Margin	12.62%	12.95%
Selling, General & Admin	$1.379M	$1.309M
YoY Change	5.36%	1.39%
% of Gross Profit	260.14%	179.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$169.2K	$151.3K
YoY Change	11.81%	-5.33%
% of Gross Profit	31.92%	20.73%
Operating Expenses	$1.379M	$1.309M
YoY Change	5.36%	1.39%
Operating Profit	-$832.9K	-$536.5K
YoY Change	55.24%	-197.13%
Interest Expense	$26.99K	$28.76K
YoY Change	-6.13%	-11.18%
% of Operating Profit
Other Income/Expense, Net	-$26.50K
YoY Change
Pretax Income	-$859.4K	-$559.5K
YoY Change	53.59%	-207.38%
Income Tax	-$335.0K	-$231.0K
% Of Pretax Income
Net Earnings	-$524.4K	-$328.5K
YoY Change	59.61%	-206.3%
Net Earnings / Revenue	-12.48%	-5.83%
Basic Earnings Per Share	-$0.11	-$0.07
Diluted Earnings Per Share	-$0.11	-$0.07
COMMON SHARES
Basic Shares Outstanding	4.892M shares	4.882M shares
Diluted Shares Outstanding	4.892M shares	4.882M shares

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.290M	$3.840M
YoY Change	-14.32%	-1.79%
Cash & Equivalents	$1.942M	$2.884M
Short-Term Investments	$1.020M	$950.0K
Other Short-Term Assets	$670.0K	$590.0K
YoY Change	13.56%	7.27%
Inventory	$1.910M	$1.860M
Prepaid Expenses
Receivables	$4.629M	$6.304M
Other Receivables	$1.000M	$380.0K
Total Short-Term Assets	$11.68M	$13.25M
YoY Change	-11.8%	4.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.131M	$4.312M
YoY Change	-4.19%	7.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$307.1K	$276.0K
YoY Change	11.25%	-9.47%
Total Long-Term Assets	$4.438M	$4.588M
YoY Change	-3.26%	6.51%
TOTAL ASSETS
Total Short-Term Assets	$11.68M	$13.25M
Total Long-Term Assets	$4.438M	$4.588M
Total Assets	$16.12M	$17.84M
YoY Change	-9.6%	5.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.239M	$1.406M
YoY Change	-11.86%	45.71%
Accrued Expenses	$667.0K	$1.114M
YoY Change	-40.12%	23.26%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$360.0K	$380.0K
YoY Change	-5.26%	11.76%
Total Short-Term Liabilities	$3.357M	$3.625M
YoY Change	-7.38%	44.58%
LONG-TERM LIABILITIES
Long-Term Debt	$2.140M	$2.500M
YoY Change	-14.4%	-4.21%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$2.140M	$2.500M
YoY Change	-14.4%	-4.21%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.357M	$3.625M
Total Long-Term Liabilities	$2.140M	$2.500M
Total Liabilities	$6.155M	$6.729M
YoY Change	-8.52%	16.29%
SHAREHOLDERS EQUITY
Retained Earnings	$4.968M	$6.143M
YoY Change	-19.13%	-1.45%
Common Stock	$48.94K	$48.82K
YoY Change	0.25%	1.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$102.3K	$102.3K
YoY Change	0.0%	0.0%
Treasury Stock Shares	40.92K shares	40.92K shares
Shareholders Equity	$9.968M	$11.11M
YoY Change
Total Liabilities & Shareholders Equity	$16.12M	$17.84M
YoY Change	-9.6%	5.2%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	-$524.4K	-$328.5K
YoY Change	59.61%	-206.3%
Depreciation, Depletion And Amortization	$169.2K	$151.3K
YoY Change	11.81%	-5.33%
Cash From Operating Activities	-$1.035M	-$66.97K
YoY Change	1445.55%	-78.06%
INVESTING ACTIVITIES
Capital Expenditures	$193.7K	$140.0K
YoY Change	38.38%	24.25%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$10.00K
YoY Change	-100.0%	-99.5%
Cash From Investing Activities	-$197.4K	-$147.9K
YoY Change	33.48%	-92.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$70.51K	-$37.40K
YoY Change	88.54%	-13.45%
NET CHANGE
Cash From Operating Activities	-$1.035M	-$66.97K
Cash From Investing Activities	-$197.4K	-$147.9K
Cash From Financing Activities	-$70.51K	-$37.40K
Net Change In Cash	-$1.303M	-$252.2K
YoY Change	416.57%	-89.72%
FREE CASH FLOW
Cash From Operating Activities	-$1.035M	-$66.97K
Capital Expenditures	$193.7K	$140.0K
Free Cash Flow	-$1.229M	-$207.0K
YoY Change	493.73%	-50.48%

Facts In Submission

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CY2015Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015Q1	dei	Document Period End Date DocumentPeriodEndDate	2015-03-31
CY2015Q1	dei	Document Type DocumentType	10-Q
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CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	5492427	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	4968057	USD
CY2014Q1	us-gaap	Sales Revenue Net SalesRevenueNet	5637408	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4200125	USD
CY2014Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	539480	USD
CY2014Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	10576051	USD
CY2015Q1	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	10070107	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2015Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	504014	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	293099	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	0	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	0.00
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	0	shares
CY2015Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0.00
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	143000	USD
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	305099	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	293099	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.97
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.98
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	1.98
CY2015Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	1.76
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	143000	USD
CY2015Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	12000	shares
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	10473751	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	9967807	USD
CY2015Q1	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2014Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2015Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4881548	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4891815	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4881548	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4891815	shares
CY2015Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain minor reclassifications have been made in prior year amounts to conform to the current year presentation.</font></div></div>
CY2015Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0000924719-15-000012-index-headers.html	Edgar Link	pending
0000924719-15-000012-index.html	Edgar Link	pending
0000924719-15-000012.txt	Edgar Link	pending
0000924719-15-000012-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
smid-20150331.xml	Edgar Link	completed
smid-20150331.xsd	Edgar Link	pending
smid-20150331x10xq.htm	Edgar Link	pending
smid-20150331xex311.htm	Edgar Link	pending
smid-20150331xex312.htm	Edgar Link	pending
smid-20150331xex321.htm	Edgar Link	pending
smid-20150331_cal.xml	Edgar Link	unprocessable
smid-20150331_def.xml	Edgar Link	unprocessable
smid-20150331_lab.xml	Edgar Link	unprocessable
smid-20150331_pre.xml	Edgar Link	unprocessable

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$SMID
SMITH MIDLAND CORP Stock $smid

2015 Q1 Form 10-Q Financial Statement

#000092471915000012 Filed on May 14, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID SMITH MIDLAND CORP Stock $smid

2015 Q1 Form 10-Q Financial Statement

#000092471915000012 Filed on May 14, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID
SMITH MIDLAND CORP Stock $smid