$SMID
SMITH MIDLAND CORP Stock $smid

$smid Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000165495422006492 Filed on May 12, 2022

Income Statement

Concept	2022 Q1	2021 Q1	2021
Revenue	$10.44M	$15.22M	$50.64M
YoY Change	-31.43%	54.81%	15.46%
Cost Of Revenue	$8.787M	$9.496M	$36.22M
YoY Change	-7.47%	15.38%	10.37%
Gross Profit	$1.648M	$5.722M	$14.42M
YoY Change	-71.2%	257.63%	30.59%
Gross Profit Margin	15.79%	37.6%	28.47%
Selling, General & Admin	$1.821M	$1.920M	$8.252M
YoY Change	-5.16%	17.07%	13.3%
% of Gross Profit	110.5%	33.55%	57.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$703.0K	$646.0K	$2.671M
YoY Change	8.82%	13.33%	10.74%
% of Gross Profit	42.66%	11.29%	18.52%
Operating Expenses	$1.821M	$1.920M	$8.252M
YoY Change	-5.16%	17.07%	13.3%
Operating Profit	-$173.0K	$3.802M	$6.168M
YoY Change	-104.55%	-9605.0%	64.09%
Interest Expense	$48.00K	$42.00K	$190.0K
YoY Change	14.29%	-184.0%	-12.44%
% of Operating Profit		1.1%	3.08%
Other Income/Expense, Net	$20.00K	-$7.000K	$2.926M
YoY Change	-385.71%		8766.67%
Pretax Income	-$159.0K	$3.808M	$9.094M
YoY Change	-104.18%	-7716.0%	139.82%
Income Tax	-$40.00K	$940.0K	$1.524M
% Of Pretax Income		24.68%	16.76%
Net Earnings	-$119.0K	$2.867M	$7.570M
YoY Change	-104.15%	-7644.74%	184.05%
Net Earnings / Revenue	-1.14%	18.84%	14.95%
Basic Earnings Per Share	-$0.02		$1.45
Diluted Earnings Per Share	-$22.75K	$550.9K	$1.45
COMMON SHARES
Basic Shares Outstanding	5.230M shares	5.202M shares	5.205M shares
Diluted Shares Outstanding	5.230M shares	5.210M shares	5.210M shares

Balance Sheet

Concept	2022 Q1	2021 Q1	2021
SHORT-TERM ASSETS
Cash & Short-Term Investments	$14.82M	$13.76M	$13.49M
YoY Change	7.69%	309.52%	35.06%
Cash & Equivalents	$14.82M	$12.53M	$13.49M
Short-Term Investments		$1.230M	$0.00
Other Short-Term Assets	$443.0K	$530.0K	$551.0K
YoY Change	-16.42%	-25.35%	-11.13%
Inventory	$3.325M	$2.350M	$2.845M
Prepaid Expenses
Receivables	$12.05M	$11.72M	$10.45M
Other Receivables	$411.0K	$0.00	$411.0K
Total Short-Term Assets	$31.51M	$28.36M	$27.75M
YoY Change	11.1%	65.85%	18.9%
LONG-TERM ASSETS
Property, Plant & Equipment	$21.63M	$22.56M	$25.32M
YoY Change	-4.11%	-1.31%	10.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$260.0K	$300.0K	$258.0K
YoY Change	-13.33%	-11.76%	-19.38%
Total Long-Term Assets	$25.06M	$22.85M	$25.57M
YoY Change	9.68%	-1.51%	10.42%
TOTAL ASSETS
Total Short-Term Assets	$31.51M	$28.36M	$27.75M
Total Long-Term Assets	$25.06M	$22.85M	$25.57M
Total Assets	$56.57M	$51.21M	$53.33M
YoY Change	10.47%	27.07%	14.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.525M	$2.570M	$2.071M
YoY Change	37.16%	-3.75%	10.75%
Accrued Expenses	$292.0K	$2.140M	$1.782M
YoY Change	-86.36%	127.66%	-21.84%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$607.0K	$1.400M	$468.0K
YoY Change	-56.64%	64.71%	-36.76%
Total Short-Term Liabilities	$14.57M	$11.68M	$13.91M
YoY Change	24.73%	51.1%	56.28%
LONG-TERM LIABILITIES
Long-Term Debt	$6.261M	$6.040M	$3.724M
YoY Change	3.66%	29.61%	-45.95%
Other Long-Term Liabilities	$2.023M	$4.480M	$1.987M
YoY Change	-54.84%	-14.67%	-56.8%
Total Long-Term Liabilities	$8.284M	$10.52M	$5.711M
YoY Change	-21.25%	6.16%	-50.3%
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.57M	$11.68M	$13.91M
Total Long-Term Liabilities	$8.284M	$10.52M	$5.711M
Total Liabilities	$24.81M	$24.65M	$21.58M
YoY Change	0.66%	26.22%	-5.58%
SHAREHOLDERS EQUITY
Retained Earnings	$24.75M
YoY Change
Common Stock	$53.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$102.0K
YoY Change
Treasury Stock Shares	40.92K shares
Shareholders Equity	$31.76M	$26.56M	$31.75M
YoY Change
Total Liabilities & Shareholders Equity	$56.57M	$51.21M	$53.33M
YoY Change	10.47%	27.07%	14.68%

Cashflow Statement

Concept	2022 Q1	2021 Q1	2021
OPERATING ACTIVITIES
Net Income	-$119.0K	$2.867M	$7.570M
YoY Change	-104.15%	-7644.74%	184.05%
Depreciation, Depletion And Amortization	$703.0K	$646.0K	$2.671M
YoY Change	8.82%	13.33%	10.74%
Cash From Operating Activities	-$1.193M	$4.302M	$9.126M
YoY Change	-127.73%	241.43%	21.89%
INVESTING ACTIVITIES
Capital Expenditures	$196.0K	$376.0K	$5.367M
YoY Change	-47.87%	-156.12%	104.3%
Acquisitions
YoY Change
Other Investing Activities	$39.00K	$40.00K	$1.713M
YoY Change	-2.5%	33.33%	715.71%
Cash From Investing Activities	-$157.0K	-$337.0K	-$3.654M
YoY Change	-53.41%	-47.34%	50.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$129.0K
YoY Change
Cash From Financing Activities	$2.676M	-$195.0K	-$744.0K
YoY Change	-1472.31%	-192.86%	-131.88%
NET CHANGE
Cash From Operating Activities	-$1.193M	$4.302M	$9.126M
Cash From Investing Activities	-$157.0K	-$337.0K	-$3.654M
Cash From Financing Activities	$2.676M	-$195.0K	-$744.0K
Net Change In Cash	$1.326M	$3.770M	$4.728M
YoY Change	-64.83%	354.22%	-36.11%
FREE CASH FLOW
Cash From Operating Activities	-$1.193M	$4.302M	$9.126M
Capital Expenditures	$196.0K	$376.0K	$5.367M
Free Cash Flow	-$1.389M	$3.926M	$3.759M
YoY Change	-135.38%	103.42%	-22.65%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	5229658	shares
CY2022Q1	us-gaap	Cash Cash	14818000	USD
CY2021Q4	us-gaap	Cash Cash	13492000	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	467000	USD
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	437000	USD
CY2022Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	12047000	USD
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10013000	USD
CY2022Q1	smid	Trade Unbilled TradeUnbilled	463000	USD
CY2021Q4	smid	Trade Unbilled TradeUnbilled	439000	USD
CY2022Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	1194000	USD
CY2021Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	1143000	USD
CY2022Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	2131000	USD
CY2021Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1702000	USD
CY2021Q4	us-gaap	Prepaid Taxes PrepaidTaxes	411000	USD
CY2022Q1	us-gaap	Prepaid Taxes PrepaidTaxes	411000	USD
CY2022Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	443000	USD
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	551000	USD
CY2022Q1	us-gaap	Assets Current AssetsCurrent	31507000	USD
CY2021Q4	us-gaap	Assets Current AssetsCurrent	27751000	USD
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	21632000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	21926000	USD
CY2022Q1	us-gaap	Deferred Costs DeferredCosts	3171000	USD
CY2021Q4	us-gaap	Deferred Costs DeferredCosts	3390000	USD
CY2022Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2383000	USD
CY2021Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2454000	USD
CY2022Q1	smid	Accrued Compensation Current AccruedCompensationCurrent	907000	USD
CY2021Q4	smid	Accrued Compensation Current AccruedCompensationCurrent	1036000	USD
CY2022Q1	us-gaap	Other Assets OtherAssets	260000	USD
CY2021Q4	us-gaap	Other Assets OtherAssets	258000	USD
CY2022Q1	us-gaap	Assets Assets	56570000	USD
CY2021Q4	us-gaap	Assets Assets	53325000	USD
CY2022Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	3525000	USD
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	2071000	USD
CY2022Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	292000	USD
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	657000	USD
CY2022Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	1990000	USD
CY2021Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	2033000	USD
CY2022Q1	us-gaap	Sale Leaseback Transaction Deferred Gain Net SaleLeasebackTransactionDeferredGainNet	3462000	USD
CY2021Q4	us-gaap	Sale Leaseback Transaction Deferred Gain Net SaleLeasebackTransactionDeferredGainNet	3776000	USD
CY2022Q1	smid	Operating Lease Liabilities Assets OperatingLeaseLiabilitiesAssets	91000	USD
CY2021Q4	smid	Operating Lease Liabilities Assets OperatingLeaseLiabilitiesAssets	89000	USD
CY2022Q1	us-gaap	Notes Payable Current NotesPayableCurrent	607000	USD
CY2021Q4	us-gaap	Notes Payable Current NotesPayableCurrent	468000	USD
CY2022Q1	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	1312000	USD
CY2021Q4	us-gaap	Customer Advances And Deposits CustomerAdvancesAndDeposits	1325000	USD
CY2022Q1	us-gaap	Liabilities Current LiabilitiesCurrent	14569000	USD
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	13909000	USD
CY2022Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	1925000	USD
CY2021Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	1865000	USD
CY2022Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	98000	USD
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	122000	USD
CY2022Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	6261000	USD
CY2021Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	3724000	USD
CY2022Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1960000	USD
CY2021Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1955000	USD
CY2022Q1	us-gaap	Liabilities Liabilities	24813000	USD
CY2021Q4	us-gaap	Liabilities Liabilities	21575000	USD
CY2022Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2022Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2022Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	8000000	shares
CY2022Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5353095	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5353095	shares
CY2022Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	5229658	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	5229658	shares
CY2022Q1	us-gaap	Common Stock Value CommonStockValue	53000	USD
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	53000	USD
CY2022Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	7061000	USD
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	6935000	USD
CY2021Q1	smid	Product Sales ProductSales	7420000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1325000	USD
CY2022Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2022Q1	us-gaap	Treasury Stock Value TreasuryStockValue	102000	USD
CY2021Q4	us-gaap	Treasury Stock Value TreasuryStockValue	102000	USD
CY2022Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	24745000	USD
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	24864000	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	31757000	USD
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	31750000	USD
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	56570000	USD
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	53325000	USD
CY2022Q1	smid	Product Sales ProductSales	5851000	USD
CY2022Q1	smid	Barrier Rentals BarrierRentals	1485000	USD
CY2021Q1	smid	Barrier Rentals BarrierRentals	5777000	USD
CY2022Q1	smid	Royalty Income RoyaltyIncome	427000	USD
CY2021Q1	smid	Royalty Income RoyaltyIncome	420000	USD
CY2022Q1	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	2672000	USD
CY2021Q1	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	1601000	USD
CY2022Q1	us-gaap	Revenues Revenues	10435000	USD
CY2021Q1	us-gaap	Revenues Revenues	15218000	USD
CY2022Q1	us-gaap	Cost Of Revenue CostOfRevenue	8787000	USD
CY2021Q1	us-gaap	Cost Of Revenue CostOfRevenue	9496000	USD
CY2022Q1	us-gaap	Gross Profit GrossProfit	1648000	USD
CY2021Q1	us-gaap	Gross Profit GrossProfit	5722000	USD
CY2022Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1159000	USD
CY2022Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	662000	USD
CY2021Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	595000	USD
CY2022Q1	us-gaap	Operating Expenses OperatingExpenses	1821000	USD
CY2021Q1	us-gaap	Operating Expenses OperatingExpenses	1920000	USD
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-173000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	3802000	USD
CY2022Q1	us-gaap	Interest Expense InterestExpense	48000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	42000	USD
CY2022Q1	us-gaap	Interest Income Domestic Deposits InterestIncomeDomesticDeposits	3000	USD
CY2021Q1	us-gaap	Interest Income Domestic Deposits InterestIncomeDomesticDeposits	9000	USD
CY2022Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	39000	USD
CY2021Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	46000	USD
CY2022Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	20000	USD
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-7000	USD
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-159000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	3808000	USD
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	40000	USD
CY2021Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-941000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-119000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	2867000	USD
CY2022Q1	smid	Earnings Per Shares Basic And Diluted EarningsPerSharesBasicAndDiluted	-0.02
CY2021Q1	smid	Earnings Per Shares Basic And Diluted EarningsPerSharesBasicAndDiluted	0.55
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5230000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5202000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5230000	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5210000	shares
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	31750000	USD
CY2022Q1	smid	Restricted Stock Issued RestrictedStockIssued	0	USD
CY2022Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	126000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-119000	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	31757000	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	23649000	USD
CY2021Q1	smid	Restricted Stock Issued RestrictedStockIssued	0	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	41000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	3770000	USD
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	126000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	41000	USD
CY2022Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-5000	USD
CY2021Q1	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	4000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2064000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1124000	USD
CY2022Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	24000	USD
CY2021Q1	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	59000	USD
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	480000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	2867000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	26557000	USD
CY2022Q1	us-gaap	Profit Loss ProfitLoss	119000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	-2867000	USD
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	703000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	646000	USD
CY2022Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	39000	USD
CY2021Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	46000	USD
CY2022Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	0	USD
CY2021Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-8000	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	30000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	0	USD
CY2021Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	153000	USD
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-90000	USD
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-104000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	1454000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	701000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-365000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-211000	USD
CY2022Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-11000	USD
CY2021Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	521000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Salaries IncreaseDecreaseInAccruedSalaries	-129000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Salaries IncreaseDecreaseInAccruedSalaries	69000	USD
CY2022Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-43000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	959000	USD
CY2022Q1	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	314000	USD
CY2021Q1	us-gaap	Increase Decrease In Deferred Leasing Fees IncreaseDecreaseInDeferredLeasingFees	301000	USD
CY2022Q1	us-gaap	Increase Decrease In Customer Advances And Deposits IncreaseDecreaseInCustomerAdvancesAndDeposits	-13000	USD
CY2021Q1	us-gaap	Increase Decrease In Customer Advances And Deposits IncreaseDecreaseInCustomerAdvancesAndDeposits	284000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1193000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4302000	USD
CY2022Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	0	USD
CY2021Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	7000	USD
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	196000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	376000	USD
CY2022Q1	us-gaap	Proceeds From Sale Of Other Property Plant And Equipment ProceedsFromSaleOfOtherPropertyPlantAndEquipment	39000	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Other Property Plant And Equipment ProceedsFromSaleOfOtherPropertyPlantAndEquipment	46000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-157000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-337000	USD
CY2022Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	2805000	USD
CY2021Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	USD
CY2022Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	129000	USD
CY2021Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	195000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2676000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-195000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1326000	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13492000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8764000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14818000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12534000	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	48000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	42000	USD
CY2022Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2021Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2022Q1	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">The preparation of the condensed 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2022Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><em>Major Customers</em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">One customer accounted for 15% of revenues for the three month period ended March 31, 2022. Two customers accounted for 45% of revenues for the three month period ended March 31, 2022.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><em>Major Suppliers</em></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">No vendor accounted for more than 10% of purchases for the three month period ended March 31, 2022 or for fiscal year 2021.</p>
CY2022Q1	us-gaap	Property Management Fee Percent Fee PropertyManagementFeePercentFee	0.10	pure
CY2022Q1	us-gaap	Reclassifications Reclassifications	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Certain minor reclassifications have been made to prior year amounts to conform to the current year’s presentation.</p>
CY2022Q1	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	5230000	shares
CY2021	us-gaap	Weighted Average Limited Partnership Units Outstanding Diluted WeightedAverageLimitedPartnershipUnitsOutstandingDiluted	5202000	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5230000	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5210000	shares
CY2022Q1	smid	Capital Expenditures Line Of Credit In Excess Amount CapitalExpendituresLineOfCreditInExcessAmount	5000000	USD
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	12.45
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	12.45
CY2022Q2	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	5000	shares

Files In Submission

Name	View Source	Status
0001654954-22-006492-index-headers.html	Edgar Link	pending
0001654954-22-006492-index.html	Edgar Link	pending
0001654954-22-006492.txt	Edgar Link	pending
0001654954-22-006492-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	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
R23.htm	Edgar Link	pending
R24.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-20220331.xsd	Edgar Link	pending
smid-20220331_cal.xml	Edgar Link	unprocessable
smid-20220331_def.xml	Edgar Link	unprocessable
smid-20220331_lab.xml	Edgar Link	unprocessable
smid-20220331_pre.xml	Edgar Link	unprocessable
smid_10q.htm	Edgar Link	pending
smid_10q_htm.xml	Edgar Link	completed
smid_ex311.htm	Edgar Link	pending
smid_ex312.htm	Edgar Link	pending
smid_ex321.htm	Edgar Link	pending

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$SMID
SMITH MIDLAND CORP Stock $smid

2022 Q1 Form 10-Q Financial Statement

#000165495422006492 Filed on May 12, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID SMITH MIDLAND CORP Stock $smid

2022 Q1 Form 10-Q Financial Statement

#000165495422006492 Filed on May 12, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID
SMITH MIDLAND CORP Stock $smid