$SMID
SMITH MIDLAND CORP Stock $smid

$smid Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000092471916000051 Filed on May 12, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$8.055M	$4.200M
YoY Change	91.78%	-25.5%
Cost Of Revenue	$6.777M	$3.670M
YoY Change	84.66%	-25.21%
Gross Profit	$1.278M	$530.0K
YoY Change	141.13%	-27.4%
Gross Profit Margin	15.87%	12.62%
Selling, General & Admin	$1.425M	$1.379M
YoY Change	3.33%	5.36%
% of Gross Profit	111.47%	260.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$189.1K	$169.2K
YoY Change	11.79%	11.81%
% of Gross Profit	14.8%	31.92%
Operating Expenses	$1.425M	$1.379M
YoY Change	3.33%	5.36%
Operating Profit	-$146.6K	-$832.9K
YoY Change	-82.4%	55.24%
Interest Expense	$28.15K	$26.99K
YoY Change	4.28%	-6.13%
% of Operating Profit
Other Income/Expense, Net	-$6.153K	-$26.50K
YoY Change	-76.78%
Pretax Income	-$152.8K	-$859.4K
YoY Change	-82.22%	53.59%
Income Tax	-$63.00K	-$335.0K
% Of Pretax Income
Net Earnings	$418.9K	-$524.4K
YoY Change	-179.89%	59.61%
Net Earnings / Revenue	5.2%	-12.48%
Basic Earnings Per Share		-$0.11
Diluted Earnings Per Share	-$0.02	-$0.11
COMMON SHARES
Basic Shares Outstanding	4.920M shares	4.892M shares
Diluted Shares Outstanding	4.920M shares	4.892M shares

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.480M	$3.290M
YoY Change	-55.02%	-14.32%
Cash & Equivalents	$423.0K	$1.942M
Short-Term Investments	$1.060M	$1.020M
Other Short-Term Assets	$1.050M	$670.0K
YoY Change	56.72%	13.56%
Inventory	$2.610M	$1.910M
Prepaid Expenses
Receivables	$7.289M	$4.629M
Other Receivables	$520.0K	$1.000M
Total Short-Term Assets	$13.70M	$11.68M
YoY Change	17.21%	-11.8%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.859M	$4.131M
YoY Change	41.82%	-4.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$202.9K	$307.1K
YoY Change	-33.92%	11.25%
Total Long-Term Assets	$6.062M	$4.438M
YoY Change	36.58%	-3.26%
TOTAL ASSETS
Total Short-Term Assets	$13.70M	$11.68M
Total Long-Term Assets	$6.062M	$4.438M
Total Assets	$19.76M	$16.12M
YoY Change	22.55%	-9.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.870M	$1.239M
YoY Change	50.88%	-11.86%
Accrued Expenses	$1.358M	$667.0K
YoY Change	103.67%	-40.12%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$490.0K	$360.0K
YoY Change	36.11%	-5.26%
Total Short-Term Liabilities	$5.108M	$3.357M
YoY Change	52.15%	-7.38%
LONG-TERM LIABILITIES
Long-Term Debt	$2.390M	$2.140M
YoY Change	11.68%	-14.4%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$2.390M	$2.140M
YoY Change	11.68%	-14.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.108M	$3.357M
Total Long-Term Liabilities	$2.390M	$2.140M
Total Liabilities	$8.455M	$6.155M
YoY Change	37.35%	-8.52%
SHAREHOLDERS EQUITY
Retained Earnings	$6.253M	$4.968M
YoY Change	25.86%	-19.13%
Common Stock	$49.20K	$48.94K
YoY Change	0.53%	0.25%
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	$11.30M	$9.968M
YoY Change
Total Liabilities & Shareholders Equity	$19.76M	$16.12M
YoY Change	22.55%	-9.6%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	$418.9K	-$524.4K
YoY Change	-179.89%	59.61%
Depreciation, Depletion And Amortization	$189.1K	$169.2K
YoY Change	11.79%	11.81%
Cash From Operating Activities	-$714.7K	-$1.035M
YoY Change	-30.95%	1445.55%
INVESTING ACTIVITIES
Capital Expenditures	$967.4K	$193.7K
YoY Change	399.34%	38.38%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$970.4K	-$197.4K
YoY Change	391.65%	33.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$372.5K	-$70.51K
YoY Change	-628.28%	88.54%
NET CHANGE
Cash From Operating Activities	-$714.7K	-$1.035M
Cash From Investing Activities	-$970.4K	-$197.4K
Cash From Financing Activities	$372.5K	-$70.51K
Net Change In Cash	-$1.313M	-$1.303M
YoY Change	0.74%	416.57%
FREE CASH FLOW
Cash From Operating Activities	-$714.7K	-$1.035M
Capital Expenditures	$967.4K	$193.7K
Free Cash Flow	-$1.682M	-$1.229M
YoY Change	36.89%	493.73%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000924719
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	4878628	shares
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	SMITH MIDLAND CORP
CY2015Q4	smid	Accrued Compensation Current AccruedCompensationCurrent	449723	USD
CY2016Q1	smid	Accrued Compensation Current AccruedCompensationCurrent	709642	USD
CY2015Q1	smid	Products Sales And Leasing ProductsSalesAndLeasing	3268737	USD
CY2016Q1	smid	Products Sales And Leasing ProductsSalesAndLeasing	6233706	USD
CY2016Q1	smid	Revenue Recognition Licensing Contract Term RevenueRecognitionLicensingContractTerm	P5Y
CY2015Q1	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	599253	USD
CY2016Q1	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	1492663	USD
CY2015Q4	smid	Trade Unbilled TradeUnbilled	197363	USD
CY2016Q1	smid	Trade Unbilled TradeUnbilled	738544	USD
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	1743945	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	1869794	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	6795215	USD
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7288517	USD
CY2015Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	974785	USD
CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1358380	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-9357	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6025	USD
CY2015Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5110398	USD
CY2016Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5110398	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	356253	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	296276	USD
CY2015Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	81166	shares
CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2015Q4	us-gaap	Assets Assets	18850110	USD
CY2016Q1	us-gaap	Assets Assets	19758378	USD
CY2015Q4	us-gaap	Assets Current AssetsCurrent	13507522	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	13696521	USD
CY2015Q4	us-gaap	Available For Sale Securities Current AvailableForSaleSecuritiesCurrent	1041790	USD
CY2016Q1	us-gaap	Available For Sale Securities Current AvailableForSaleSecuritiesCurrent	1056095	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3572405	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2269445	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1735621	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	423015	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1302960	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1312606	USD
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies	0	USD
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	8000000	shares
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	8000000	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4881548	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4893548	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4881548	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4893548	shares
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	49195	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	49195	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-530044	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-86445	USD
CY2015Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3670133	USD
CY2016Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	6777091	USD
CY2015Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	923943	USD
CY2016Q1	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	675820	USD
CY2015Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	665000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	701000	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	855000	USD
CY2016Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	956000	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	169185	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	189128	USD
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.11
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.02
CY2015Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	5254	USD
CY2016Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	5868	USD
CY2015Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	5254	USD
CY2016Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	5868	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	874707	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	833811	USD
CY2015Q1	us-gaap	Gross Profit GrossProfit	529992	USD
CY2016Q1	us-gaap	Gross Profit GrossProfit	1277993	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-859369	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-152777	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-335000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-63000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	86737	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	125850	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	615662	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	466818	USD
CY2015Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	127404	USD
CY2016Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	383594	USD
CY2015Q1	us-gaap	Increase Decrease In Accrued Salaries IncreaseDecreaseInAccruedSalaries	86526	USD
CY2016Q1	us-gaap	Increase Decrease In Accrued Salaries IncreaseDecreaseInAccruedSalaries	259919	USD
CY2015Q1	us-gaap	Increase Decrease In Customer Advances And Deposits IncreaseDecreaseInCustomerAdvancesAndDeposits	125185	USD
CY2016Q1	us-gaap	Increase Decrease In Customer Advances And Deposits IncreaseDecreaseInCustomerAdvancesAndDeposits	-248123	USD
CY2015Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	58000	USD
CY2016Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-65000	USD
CY2015Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	178578	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	116958	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	96274	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	103138	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	277779	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	139870	USD
CY2015Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	-46603	USD
CY2016Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	541181	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	26993	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1035086	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-714726	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	-524369	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-89777	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	28149	USD
CY2015Q1	us-gaap	Interest Income Domestic Deposits InterestIncomeDomesticDeposits	492	USD
CY2016Q1	us-gaap	Interest Income Domestic Deposits InterestIncomeDomesticDeposits	9235	USD
CY2015Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1770141	USD
CY2016Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1728440	USD
CY2015Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	724143	USD
CY2016Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	882802	USD
CY2015Q4	us-gaap	Liabilities Liabilities	7459788	USD
CY2016Q1	us-gaap	Liabilities Liabilities	8454500	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	18850110	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19758378	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4528113	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	5107731	USD
CY2015Q1	us-gaap	Licenses Revenue LicensesRevenue	332135	USD
CY2016Q1	us-gaap	Licenses Revenue LicensesRevenue	328715	USD
CY2015Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	2076675	USD
CY2016Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	2390769	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-70507	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	372472	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-197367	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-970352	USD
CY2015Q4	us-gaap	Notes Payable Current NotesPayableCurrent	435717	USD
CY2016Q1	us-gaap	Notes Payable Current NotesPayableCurrent	494095	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	1378721	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	1424617	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-832868	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-133863	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	268721	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	202913	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-5675	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	3332	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	19000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	8000	USD
CY2015Q1	us-gaap	Other Income OtherIncome	10607	USD
CY2016Q1	us-gaap	Other Income OtherIncome	6893	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-26501	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-18914	USD
CY2015Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	8729	USD
CY2016Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	8842	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	193730	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	967378	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	194429	USD
CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	354418	USD
CY2015Q4	us-gaap	Prepaid Taxes PrepaidTaxes	383820	USD
CY2016Q1	us-gaap	Prepaid Taxes PrepaidTaxes	523690	USD
CY2015Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	USD
CY2016Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	465131	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	5092	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	5868	USD
CY2015Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	21100	USD
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5073867	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5858944	USD
CY2015Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	79190	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-26484	USD
CY2015Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	91607	USD
CY2016Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	92659	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	6342386	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	6252610	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4200125	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	8055084	USD
CY2015Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	504014	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	590806	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	185933	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	5000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	1.77
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	0	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0.00
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	190933	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	185933	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.77
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.77
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	1.77
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.00
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	127000	USD
CY2016Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	11390322	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	11303878	USD
CY2015Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	11492622	USD
CY2016Q1	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	11406178	USD
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2016Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2016Q1	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	4891815	shares
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	4919548	shares
CY2016Q1	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>
CY2016Q1	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 GAAP 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
0000924719-16-000051-index-headers.html	Edgar Link	pending
0000924719-16-000051-index.html	Edgar Link	pending
0000924719-16-000051.txt	Edgar Link	pending
0000924719-16-000051-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
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
R18.htm	Edgar Link	pending
R19.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-20160331.xml	Edgar Link	completed
smid-20160331.xsd	Edgar Link	pending
smid-20160331_cal.xml	Edgar Link	unprocessable
smid-20160331_def.xml	Edgar Link	unprocessable
smid-20160331_lab.xml	Edgar Link	unprocessable
smid-20160331_pre.xml	Edgar Link	unprocessable
smid-2016331x10xq.htm	Edgar Link	pending
smid-2016331xex311.htm	Edgar Link	pending
smid-2016331xex312.htm	Edgar Link	pending
smid-2016331xex321.htm	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$SMID
SMITH MIDLAND CORP Stock $smid

2016 Q1 Form 10-Q Financial Statement

#000092471916000051 Filed on May 12, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID SMITH MIDLAND CORP Stock $smid

2016 Q1 Form 10-Q Financial Statement

#000092471916000051 Filed on May 12, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID
SMITH MIDLAND CORP Stock $smid