2018 Q2 Form 10-Q Financial Statement

#000092471918000021 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $9.833M $10.73M
YoY Change -8.34% 11.29%
Cost Of Revenue $6.857M $7.851M
YoY Change -12.66% 3.7%
Gross Profit $2.976M $2.877M
YoY Change 3.44% 39.06%
Gross Profit Margin 30.27% 26.82%
Selling, General & Admin $2.065M $1.784M
YoY Change 15.75% 24.29%
% of Gross Profit 69.39% 62.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $250.0K $230.0K
YoY Change 8.7% 21.05%
% of Gross Profit 8.4% 7.99%
Operating Expenses $2.065M $1.784M
YoY Change 15.75% 24.29%
Operating Profit $911.0K $1.093M
YoY Change -16.65% 72.5%
Interest Expense $44.00K $45.00K
YoY Change -2.22% 26.48%
% of Operating Profit 4.83% 4.12%
Other Income/Expense, Net $5.000K -$19.00K
YoY Change -126.32% -540.84%
Pretax Income $916.0K $1.074M
YoY Change -14.71% 68.36%
Income Tax $225.0K $363.0K
% Of Pretax Income 24.56% 33.8%
Net Earnings $691.0K $711.0K
YoY Change -2.81% 69.72%
Net Earnings / Revenue 7.03% 6.63%
Basic Earnings Per Share
Diluted Earnings Per Share $0.14 $0.14
COMMON SHARES
Basic Shares Outstanding 5.080M shares 5.045M shares
Diluted Shares Outstanding 5.104M shares 5.095M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.940M $3.680M
YoY Change -47.28% 97.85%
Cash & Equivalents $839.0K $2.599M
Short-Term Investments $1.100M $1.080M
Other Short-Term Assets $440.0K $580.0K
YoY Change -24.14% -38.3%
Inventory $3.090M $3.440M
Prepaid Expenses
Receivables $11.26M $9.252M
Other Receivables $1.330M $80.00K
Total Short-Term Assets $19.33M $17.28M
YoY Change 11.86% 17.81%
LONG-TERM ASSETS
Property, Plant & Equipment $10.43M $9.720M
YoY Change 7.35% 63.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $269.0K $154.3K
YoY Change 74.29% -20.01%
Total Long-Term Assets $13.69M $9.874M
YoY Change 38.64% 60.65%
TOTAL ASSETS
Total Short-Term Assets $19.33M $17.28M
Total Long-Term Assets $13.69M $9.874M
Total Assets $33.02M $27.15M
YoY Change 21.6% 30.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.986M $2.480M
YoY Change 20.4% -0.7%
Accrued Expenses $588.0K $693.2K
YoY Change -15.17% -31.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $690.0K $630.0K
YoY Change 9.52% -16.0%
Total Short-Term Liabilities $7.459M $7.006M
YoY Change 6.47% 22.89%
LONG-TERM LIABILITIES
Long-Term Debt $2.880M $3.200M
YoY Change -10.0% 40.35%
Other Long-Term Liabilities $3.730M $0.00
YoY Change
Total Long-Term Liabilities $6.610M $3.200M
YoY Change 106.56% 40.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.459M $7.006M
Total Long-Term Liabilities $6.610M $3.200M
Total Liabilities $15.36M $11.00M
YoY Change 39.66% 21.19%
SHAREHOLDERS EQUITY
Retained Earnings $11.83M $10.70M
YoY Change 10.55% 60.34%
Common Stock $51.00K $50.81K
YoY Change 0.37% 3.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $102.0K $102.3K
YoY Change -0.29% 0.0%
Treasury Stock Shares 40.92K shares 40.92K shares
Shareholders Equity $17.66M $16.16M
YoY Change
Total Liabilities & Shareholders Equity $33.02M $27.15M
YoY Change 21.6% 30.46%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $691.0K $711.0K
YoY Change -2.81% 69.72%
Depreciation, Depletion And Amortization $250.0K $230.0K
YoY Change 8.7% 21.05%
Cash From Operating Activities $2.080M -$240.0K
YoY Change -966.67% -148.0%
INVESTING ACTIVITIES
Capital Expenditures -$200.0K -$1.490M
YoY Change -86.58% 413.79%
Acquisitions
YoY Change
Other Investing Activities -$1.890M -$10.00K
YoY Change 18800.0% 0.0%
Cash From Investing Activities -$2.080M -$1.490M
YoY Change 39.6% 396.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -160.0K -100.0K
YoY Change 60.0% -166.67%
NET CHANGE
Cash From Operating Activities 2.080M -240.0K
Cash From Investing Activities -2.080M -1.490M
Cash From Financing Activities -160.0K -100.0K
Net Change In Cash -160.0K -1.830M
YoY Change -91.26% -622.86%
FREE CASH FLOW
Cash From Operating Activities $2.080M -$240.0K
Capital Expenditures -$200.0K -$1.490M
Free Cash Flow $2.280M $1.250M
YoY Change 82.4% 58.23%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
90000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000924719
CY2018Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5080395 shares
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
SMITH MIDLAND CORP
CY2017Q4 smid Accrued Compensation Current
AccruedCompensationCurrent
1231000 USD
CY2018Q2 smid Accrued Compensation Current
AccruedCompensationCurrent
687000 USD
CY2017Q4 smid Contract Retention Receivable
ContractRetentionReceivable
1065000 USD
CY2018Q2 smid Contract Retention Receivable
ContractRetentionReceivable
1381000 USD
smid Revenue Recognition Licensing Contract Term
RevenueRecognitionLicensingContractTerm
P5Y
CY2018Q2 smid Revenuefrom Contractwith Customer Excluding Assessed Tax Increase Decrease
RevenuefromContractwithCustomerExcludingAssessedTaxIncreaseDecrease
-895000 USD
smid Revenuefrom Contractwith Customer Excluding Assessed Tax Increase Decrease
RevenuefromContractwithCustomerExcludingAssessedTaxIncreaseDecrease
-1267000 USD
CY2018Q2 smid Revenuefrom Contractwith Customer Excluding Assessed Tax Increase Decrease Percentage
RevenuefromContractwithCustomerExcludingAssessedTaxIncreaseDecreasePercentage
-0.08
smid Revenuefrom Contractwith Customer Excluding Assessed Tax Increase Decrease Percentage
RevenuefromContractwithCustomerExcludingAssessedTaxIncreaseDecreasePercentage
-0.06
CY2017Q4 smid Trade Unbilled
TradeUnbilled
251000 USD
CY2018Q2 smid Trade Unbilled
TradeUnbilled
1272000 USD
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3059000 USD
CY2018Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2986000 USD
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
8967000 USD
CY2018Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11262000 USD
CY2017Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
0 USD
CY2018Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
80000 USD
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
588000 USD
CY2018Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
588000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-19000 USD
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-32000 USD
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5719000 USD
CY2018Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5917000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
208000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
208000 USD
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
211000 USD
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
211000 USD
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-150000 USD
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
3000 USD
CY2017Q4 us-gaap Assets
Assets
29225000 USD
CY2018Q2 us-gaap Assets
Assets
33017000 USD
CY2017Q4 us-gaap Assets Current
AssetsCurrent
19032000 USD
CY2018Q2 us-gaap Assets Current
AssetsCurrent
19328000 USD
CY2017Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
1098000 USD
CY2018Q2 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
1097000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3523000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2599000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3390000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
839000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-924000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2551000 USD
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
8000000 shares
CY2018Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
8000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5214148 shares
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5225648 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5088815 shares
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5080395 shares
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
51000 USD
CY2018Q2 us-gaap Common Stock Value
CommonStockValue
51000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
718000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1576000 USD
CY2018Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3733000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
14031000 USD
CY2018Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6857000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
14391000 USD
CY2017Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
919000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
16000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
692000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
257000 USD
CY2017Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7851000 USD
CY2018Q2 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
1227000 USD
CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1144000 USD
CY2018Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1198000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1290000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1287000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
460000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
504000 USD
CY2017Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
256000 USD
CY2018Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
0 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.14
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.14
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2017Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
55000 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
4000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
16000 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
31000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
55000 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1133000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2483000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1452000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2919000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
2877000 USD
us-gaap Gross Profit
GrossProfit
6194000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
2976000 USD
us-gaap Gross Profit
GrossProfit
4567000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1074000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2418000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
916000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
360000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
363000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
849000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
225000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
390000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-73000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1915000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2298000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
80000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
400000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
0 USD
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-301000 USD
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-543000 USD
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
790000 USD
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
308000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-29000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
3000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
0 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
-3733000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
672000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
54000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
865000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-424000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
213000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-45000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-168000 USD
us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
-33000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-32000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
1021000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
45000 USD
us-gaap Interest Expense
InterestExpense
91000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
44000 USD
us-gaap Interest Expense
InterestExpense
90000 USD
CY2017Q2 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
9000 USD
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
19000 USD
CY2018Q2 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
9000 USD
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
19000 USD
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2696000 USD
CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2188000 USD
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
819000 USD
CY2018Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
904000 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
39000 USD
CY2018Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
39000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
12020000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
15357000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
29225000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
33017000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
7834000 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
7459000 USD
CY2017Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
2896000 USD
CY2018Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
2878000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-36000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-206000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2158000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1006000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1270000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1339000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
711000 USD
us-gaap Net Income Loss
NetIncomeLoss
1569000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
691000 USD
us-gaap Net Income Loss
NetIncomeLoss
270000 USD
CY2017Q4 us-gaap Notes Payable Current
NotesPayableCurrent
637000 USD
CY2018Q2 us-gaap Notes Payable Current
NotesPayableCurrent
693000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
1784000 USD
us-gaap Operating Expenses
OperatingExpenses
3744000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
2065000 USD
us-gaap Operating Expenses
OperatingExpenses
4209000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1093000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2450000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
911000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
358000 USD
CY2017Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2018Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2986000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
326000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
269000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
7000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
7000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-13000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
3 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-4000 USD
CY2017Q2 us-gaap Other Income
OtherIncome
13000 USD
us-gaap Other Income
OtherIncome
24000 USD
CY2018Q2 us-gaap Other Income
OtherIncome
9000 USD
us-gaap Other Income
OtherIncome
18000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-32000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
256000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
21000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
16000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2159000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1057000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10728000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20225000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20225000 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
452000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
441000 USD
CY2017Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1359000 USD
CY2018Q2 us-gaap Prepaid Taxes
PrepaidTaxes
1325000 USD
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
0 USD
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
-2986000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
183000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
350000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
22000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
67000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
117000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9867000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10434000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
287000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
312000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11556000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11826000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10728000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9833000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9833000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18958000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18958000 USD
CY2017Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
651000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1261000 USD
CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
613000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1290000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
220000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
186000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10333 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.21
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.00
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.21
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10333 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
17205000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
17660000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
40920 shares
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
40920 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
102000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
102000 USD
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
50000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
39000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
24000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
25000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5095000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5065000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5104000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5101000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5045000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5026000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5080000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5076000 shares

Files In Submission

Name View Source Status
0000924719-18-000021-index-headers.html Edgar Link pending
0000924719-18-000021-index.html Edgar Link pending
0000924719-18-000021.txt Edgar Link pending
0000924719-18-000021-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
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.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-20180621.xml Edgar Link completed
smid-20180621.xsd Edgar Link pending
smid-20180621_cal.xml Edgar Link unprocessable
smid-20180621_def.xml Edgar Link unprocessable
smid-20180621_lab.xml Edgar Link unprocessable
smid-20180621_pre.xml Edgar Link unprocessable
smid-2018630x10xq.htm Edgar Link pending
smid-2018630xex311.htm Edgar Link pending
smid-2018630xex312.htm Edgar Link pending
smid-2018630xex321.htm Edgar Link pending