$SMID
SMITH MIDLAND CORP Stock $smid

$smid Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000165495423012787 Filed on October 11, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2022 Q2
Revenue	$15.65M	$14.70M	$13.25M
YoY Change	30.9%	10.9%	7.69%
Cost Of Revenue	$12.07M	$12.91M	$10.02M
YoY Change	22.28%	28.82%	11.45%
Gross Profit	$3.577M	$1.786M	$3.230M
YoY Change	71.81%	-44.71%	-2.53%
Gross Profit Margin	22.85%	12.15%	24.37%
Selling, General & Admin	$2.075M	$2.767M	$2.134M
YoY Change	-0.14%	29.66%	4.81%
% of Gross Profit	58.01%	154.93%	66.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$620.0K	$590.0K	$697.0K
YoY Change	-14.72%	-15.35%	4.34%
% of Gross Profit	17.33%	33.03%	21.58%
Operating Expenses	$2.075M	$2.767M	$2.134M
YoY Change	-0.14%	29.66%	4.81%
Operating Profit	$1.502M	-$981.0K	$1.096M
YoY Change	37450.0%	-189.51%	-14.24%
Interest Expense	$64.00K	$64.00K	$71.00K
YoY Change	-7.25%	-9.86%	26.79%
% of Operating Profit	4.26%		6.48%
Other Income/Expense, Net	$11.00K	$89.00K	$162.0K
YoY Change	-200.0%	-45.06%	362.86%
Pretax Income	$1.513M	-$892.0K	$1.217M
YoY Change	-21714.29%	-173.29%	-7.31%
Income Tax	$247.0K	-$110.0K	$307.0K
% Of Pretax Income	16.33%		25.23%
Net Earnings	$1.266M	-$782.0K	$910.0K
YoY Change	25220.0%	-185.93%	-7.61%
Net Earnings / Revenue	8.09%	-5.32%	6.87%
Basic Earnings Per Share	$0.24	-$0.15	$0.17
Diluted Earnings Per Share	$0.24	-$0.15	$0.17
COMMON SHARES
Basic Shares Outstanding	5.256M shares	5.256M shares	5.230M shares
Diluted Shares Outstanding	5.298M shares	5.256M shares	5.266M shares

Balance Sheet

Concept	2023 Q3	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.850M	$4.730M	$12.43M
YoY Change	-45.87%	-61.93%	-13.94%
Cash & Equivalents	$5.849M	$4.727M	$12.43M
Short-Term Investments
Other Short-Term Assets	$1.270M	$1.210M	$472.0K
YoY Change	104.18%	156.36%	-15.41%
Inventory	$4.210M	$4.750M	$3.531M
Prepaid Expenses	$1.274M	$1.212M
Receivables	$16.84M	$16.55M	$12.67M
Other Receivables	$470.0K	$570.0K	$234.0K
Total Short-Term Assets	$29.89M	$28.48M	$29.89M
YoY Change	2.93%	-4.73%	-1.03%
LONG-TERM ASSETS
Property, Plant & Equipment	$27.41M	$26.89M	$22.91M
YoY Change	13.44%	17.38%	23.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$350.0K	$360.0K	$252.0K
YoY Change	43.44%	42.86%	-12.2%
Total Long-Term Assets	$27.76M	$27.24M	$25.12M
YoY Change	10.01%	8.44%	10.59%
TOTAL ASSETS
Total Short-Term Assets	$29.89M	$28.48M	$29.89M
Total Long-Term Assets	$27.76M	$27.24M	$25.12M
Total Assets	$57.65M	$55.72M	$55.01M
YoY Change	6.22%	1.28%	3.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.476M	$5.684M	$3.732M
YoY Change	19.64%	52.3%	26.77%
Accrued Expenses	$2.000M	$1.720M	$1.020M
YoY Change	368.38%	68.63%	76.78%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$630.0K	$630.0K	$613.0K
YoY Change	1.78%	2.77%	-81.13%
Total Short-Term Liabilities	$12.93M	$13.01M	$11.49M
YoY Change	19.04%	13.24%	-18.21%
LONG-TERM LIABILITIES
Long-Term Debt	$5.260M	$5.410M	$6.105M
YoY Change	-11.57%	-11.38%	54.21%
Other Long-Term Liabilities	$3.570M	$2.660M	$2.673M
YoY Change	37.63%	-0.49%	-44.15%
Total Long-Term Liabilities	$8.830M	$8.070M	$8.778M
YoY Change	3.37%	-8.07%	0.38%
TOTAL LIABILITIES
Total Short-Term Liabilities	$12.93M	$13.01M	$11.49M
Total Long-Term Liabilities	$8.830M	$8.070M	$8.778M
Total Liabilities	$23.84M	$23.26M	$22.22M
YoY Change	11.63%	4.67%	-11.98%
SHAREHOLDERS EQUITY
Retained Earnings	$26.17M	$24.90M	$25.66M
YoY Change	1.97%	-2.95%	21.32%
Common Stock	$54.00K	$53.00K	$53.00K
YoY Change	1.89%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$102.0K	$102.0K
YoY Change		0.0%	0.0%
Treasury Stock Shares			40.92K shares
Shareholders Equity	$33.82M	$32.46M	$32.79M
YoY Change
Total Liabilities & Shareholders Equity	$57.65M	$55.72M	$55.01M
YoY Change	6.22%	1.28%	3.96%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	$1.266M	-$782.0K	$910.0K
YoY Change	25220.0%	-185.93%	-7.61%
Depreciation, Depletion And Amortization	$620.0K	$590.0K	$697.0K
YoY Change	-14.72%	-15.35%	4.34%
Cash From Operating Activities	$2.380M	$2.640M	-$1.492M
YoY Change	-467.28%	-276.94%	-206.42%
INVESTING ACTIVITIES
Capital Expenditures	$1.160M	$1.810M	-$1.766M
YoY Change	-165.28%	-202.49%	223.44%
Acquisitions
YoY Change
Other Investing Activities	$50.00K	$120.0K	$1.014M
YoY Change	-94.79%	-88.17%	2797.14%
Cash From Investing Activities	-$1.100M	-$1.700M	-$752.0K
YoY Change	34.47%	126.06%	47.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-150.0K	-160.0K	-149.0K
YoY Change	-0.66%	7.38%	-32.58%
NET CHANGE
Cash From Operating Activities	2.380M	2.640M	-1.492M
Cash From Investing Activities	-1.100M	-1.700M	-752.0K
Cash From Financing Activities	-150.0K	-160.0K	-149.0K
Net Change In Cash	1.130M	780.0K	-2.393M
YoY Change	-169.88%	-132.6%	-457.16%
FREE CASH FLOW
Cash From Operating Activities	$2.380M	$2.640M	-$1.492M
Capital Expenditures	$1.160M	$1.810M	-$1.766M
Free Cash Flow	$1.220M	$830.0K	$274.0K
YoY Change	8.06%	202.92%	-85.93%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	16554000	usd
CY2023Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	2396000	usd
CY2023Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	2356000	usd
CY2023Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1212000	usd
CY2023Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	577000	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	28475000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	26886000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	249000	usd
	dei	Entity Central Index Key EntityCentralIndexKey	0000924719
	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	2023
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	8000000	shares
CY2022Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	40920	shares
CY2022Q2	smid	Revenue Concentration Of Risk RevenueConcentrationOfRisk	0.1	pure
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
CY2023Q2	smid	Number Of Installment NumberOfInstallment	2	integer
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	1-13752
	dei	Entity Registrant Name EntityRegistrantName	Smith-Midland Corporation
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	54-1727060
	dei	Entity Address Address Line1 EntityAddressAddressLine1	5119 Catlett Road
	dei	Entity Address Address Line2 EntityAddressAddressLine2	P.O. Box 300
	dei	Entity Address City Or Town EntityAddressCityOrTown	Midland
	dei	Entity Address State Or Province EntityAddressStateOrProvince	VA
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	22728
	dei	City Area Code CityAreaCode	540
	dei	Local Phone Number LocalPhoneNumber	439-3266
	dei	Security12b Title Security12bTitle	Common Stock, $0.01 par value per share
	dei	Trading Symbol TradingSymbol	SMID
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	5256413	shares
CY2023Q2	us-gaap	Cash Cash	4727000	usd
CY2022Q4	us-gaap	Cash Cash	6726000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	16223000	usd
CY2023Q2	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	653000	usd
CY2022Q4	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	990000	usd
CY2022Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	1776000	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	2042000	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	706000	usd
CY2022Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	477000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	28940000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	25124000	usd
CY2023Q2	us-gaap	Other Assets OtherAssets	356000	usd
CY2023Q2	us-gaap	Assets Assets	55717000	usd
CY2022Q4	us-gaap	Assets Assets	54313000	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	5684000	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	5816000	usd
CY2023Q2	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	874000	usd
CY2022Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	799000	usd
CY2023Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	1991000	usd
CY2022Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	2243000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	792000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	788000	usd
CY2023Q2	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	0	usd
CY2022Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	146000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	51000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	77000	usd
CY2023Q2	us-gaap	Notes Payable Current NotesPayableCurrent	629000	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	618000	usd
CY2023Q2	us-gaap	Customer Deposits Current CustomerDepositsCurrent	2985000	usd
CY2022Q4	us-gaap	Customer Deposits Current CustomerDepositsCurrent	737000	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	13006000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	11224000	usd
CY2023Q2	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	2633000	usd
CY2022Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	2174000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	24000	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	45000	usd
CY2023Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	5412000	usd
CY2022Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	5730000	usd
CY2023Q2	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	2181000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	2085000	usd
CY2023Q2	us-gaap	Liabilities Liabilities	23256000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	21258000	usd
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	53000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	53000	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	7611000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	7440000	usd
CY2023Q2	us-gaap	Treasury Stock Value TreasuryStockValue	102000	usd
CY2022Q4	us-gaap	Treasury Stock Value TreasuryStockValue	102000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	24899000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	25664000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	32461000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	33055000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	55717000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	54313000	usd
CY2023Q2	smid	Product Sales ProductSales	10702000	usd
CY2022Q2	smid	Product Sales ProductSales	6788000	usd
	smid	Product Sales ProductSales	18944000	usd
	smid	Product Sales ProductSales	12638000	usd
CY2023Q2	smid	Barrier Rentals BarrierRentals	700000	usd
CY2022Q2	smid	Barrier Rentals BarrierRentals	1962000	usd
	smid	Barrier Rentals BarrierRentals	1819000	usd
	smid	Barrier Rentals BarrierRentals	3447000	usd
CY2023Q2	smid	Royalty Income RoyaltyIncome	594000	usd
CY2022Q2	smid	Royalty Income RoyaltyIncome	771000	usd
	smid	Royalty Income RoyaltyIncome	1005000	usd
	smid	Royalty Income RoyaltyIncome	1198000	usd
CY2023Q2	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	2702000	usd
CY2022Q2	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	3732000	usd
	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	5772000	usd
	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	6405000	usd
CY2023Q2	us-gaap	Revenues Revenues	14698000	usd
CY2022Q2	us-gaap	Revenues Revenues	13253000	usd
	us-gaap	Revenues Revenues	27540000	usd
	us-gaap	Revenues Revenues	23688000	usd
CY2023Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	12912000	usd
CY2022Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	10023000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	23588000	usd
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	18810000	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	1786000	usd
CY2022Q2	us-gaap	Gross Profit GrossProfit	3230000	usd
	us-gaap	Gross Profit GrossProfit	3952000	usd
	us-gaap	Gross Profit GrossProfit	4878000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1884000	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1409000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3233000	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2568000	usd
CY2023Q2	us-gaap	Selling Expense SellingExpense	883000	usd
CY2022Q2	us-gaap	Selling Expense SellingExpense	725000	usd
	us-gaap	Selling Expense SellingExpense	1645000	usd
	us-gaap	Selling Expense SellingExpense	1388000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	2767000	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	2134000	usd
	us-gaap	Operating Expenses OperatingExpenses	4878000	usd
	us-gaap	Operating Expenses OperatingExpenses	3956000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-981000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	1096000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-926000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	922000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	64000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	71000	usd
	us-gaap	Interest Expense InterestExpense	128000	usd
	us-gaap	Interest Expense InterestExpense	118000	usd
CY2023Q2	us-gaap	Interest Income Other InterestIncomeOther	5000	usd
CY2022Q2	us-gaap	Interest Income Other InterestIncomeOther	3000	usd
	us-gaap	Interest Income Other InterestIncomeOther	10000	usd
	us-gaap	Interest Income Other InterestIncomeOther	6000	usd
CY2023Q2	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	116000	usd
CY2022Q2	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	27000	usd
	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	199000	usd
	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	65000	usd
CY2023Q2	us-gaap	Other Income OtherIncome	32000	usd
CY2022Q2	us-gaap	Other Income OtherIncome	162000	usd
	us-gaap	Other Income OtherIncome	57000	usd
	us-gaap	Other Income OtherIncome	183000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	89000	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	121000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	138000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	136000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-892000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1217000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-788000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1058000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-110000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	307000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-87000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	267000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-782000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	910000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-701000	usd
	us-gaap	Net Income Loss NetIncomeLoss	791000	usd
CY2023Q2	smid	Earnings Per Share Basics And Diluted EarningsPerShareBasicsAndDiluted	-0.15
CY2022Q2	smid	Earnings Per Share Basics And Diluted EarningsPerShareBasicsAndDiluted	0.17
	smid	Earnings Per Share Basics And Diluted EarningsPerShareBasicsAndDiluted	-0.13
	smid	Earnings Per Share Basics And Diluted EarningsPerShareBasicsAndDiluted	0.15
CY2023Q2	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	5256000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	5230000	shares
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	5256000	shares
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	5230000	shares
CY2023Q2	us-gaap	Pro Forma Weighted Average Shares Outstanding Diluted ProFormaWeightedAverageSharesOutstandingDiluted	5256000	shares
CY2022Q2	us-gaap	Pro Forma Weighted Average Shares Outstanding Diluted ProFormaWeightedAverageSharesOutstandingDiluted	5266000	shares
	us-gaap	Pro Forma Weighted Average Shares Outstanding Diluted ProFormaWeightedAverageSharesOutstandingDiluted	5256000	shares
	us-gaap	Pro Forma Weighted Average Shares Outstanding Diluted ProFormaWeightedAverageSharesOutstandingDiluted	5262000	shares
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	33055000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	85000	usd
CY2023Q1	smid	Adoption Of Asu AdoptionOfASU	-63000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	80000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	33157000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	86000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-782000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	32461000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	31750000	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	126000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	-119000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	31757000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	126000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	910000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	32793000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-701000	usd
	us-gaap	Net Income Loss NetIncomeLoss	791000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1176000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1400000	usd
	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	199000	usd
	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	65000	usd
	us-gaap	Allowance For Loan And Lease Losses Write Offs AllowanceForLoanAndLeaseLossesWriteOffs	67000	usd
	us-gaap	Allowance For Loan And Lease Losses Write Offs AllowanceForLoanAndLeaseLossesWriteOffs	45000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	171000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	253000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	96000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	0	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	462000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2700000	usd
	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	337000	usd
	us-gaap	Increase Decrease In Unbilled Receivables IncreaseDecreaseInUnbilledReceivables	-121000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	934000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	686000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-625000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	61000	usd
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-100000	usd
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	177000	usd
	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-132000	usd
	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	1661000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	75000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	364000	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	207000	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-55000	usd
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	4000	usd
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	-265000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-146000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-1912000	usd
	smid	Increase Decrease In Deferred Lease Obligation IncreaseDecreaseInDeferredLeaseObligation	0	usd
	smid	Increase Decrease In Deferred Lease Obligation IncreaseDecreaseInDeferredLeaseObligation	-1617000	usd
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	2248000	usd
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	-16000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1082000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2685000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2974000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1962000	usd
	smid	Deferred Buy Back Asset DeferredBuyBackAsset	0	usd
	smid	Deferred Buy Back Asset DeferredBuyBackAsset	988000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	199000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	65000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2775000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-909000	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	usd
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2805000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	306000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	278000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-306000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2527000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-1999000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-1067000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6726000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	13492000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4727000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12425000	usd
	us-gaap	Interest Paid Net InterestPaidNet	128000	usd
	us-gaap	Interest Paid Net InterestPaidNet	118000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	65000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2179000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	2244000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	2014000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	14698000	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	13253000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination	1445000	usd
CY2023Q2	smid	Contract With Customer Revenue Remaining Performance Obligation Percentage ContractWithCustomerRevenueRemainingPerformanceObligationPercentage	0.11	pure
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	27540000	usd
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	23688000	usd
	us-gaap	Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination	3852000	usd
	smid	Contract With Customer Revenue Remaining Performance Obligation Percentage ContractWithCustomerRevenueRemainingPerformanceObligationPercentage	0.16	pure
	smid	Weighted Average Number Of Shares Outstanding WeightedAverageNumberOfSharesOutstanding	5256000	shares
	smid	Weighted Average Number Of Shares Outstanding WeightedAverageNumberOfSharesOutstanding	5230000	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.15
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.17
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.13
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2022Q2	smid	Weighted Average Number Of Shares Outstanding WeightedAverageNumberOfSharesOutstanding	5230000	shares
CY2023Q2	smid	Weighted Average Number Of Shares Outstanding WeightedAverageNumberOfSharesOutstanding	5256000	shares
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.15
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.17
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.13
	us-gaap	Debt Instrument Periodic Payment Principal DebtInstrumentPeriodicPaymentPrincipal	21000	usd
CY2022Q1	us-gaap	Notes Payable NotesPayable	2620000	usd
CY2023Q2	smid	Tangible Assets Net Worth TangibleAssetsNetWorth	10000000	usd
	smid	Payments For Equipment PaymentsForEquipment	1500000	usd
	smid	Payment To Equipment PaymentToEquipment	1500000	usd
CY2022Q2	smid	Deferred Buy Back Lease Asset DeferredBuyBackLeaseAsset	210000	usd
CY2022Q2	smid	Buy Back Agreement BuyBackAgreement	210000	usd

Files In Submission

Name	View Source	Status
0001654954-23-012787-index-headers.html	Edgar Link	pending
0001654954-23-012787-index.html	Edgar Link	pending
0001654954-23-012787.txt	Edgar Link	pending
0001654954-23-012787-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
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
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-20230630.xsd	Edgar Link	pending
smid_10q.htm	Edgar Link	pending
smid_ex311.htm	Edgar Link	pending
smid_ex312.htm	Edgar Link	pending
smid_ex321.htm	Edgar Link	pending
smid-20230630_def.xml	Edgar Link	unprocessable
smid-20230630_cal.xml	Edgar Link	unprocessable
smid-20230630_lab.xml	Edgar Link	unprocessable
smid-20230630_pre.xml	Edgar Link	unprocessable
smid_10q_htm.xml	Edgar Link	completed

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$SMID
SMITH MIDLAND CORP Stock $smid

2023 Q3 Form 10-Q Financial Statement

#000165495423012787 Filed on October 11, 2023

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$SMID SMITH MIDLAND CORP Stock $smid

2023 Q3 Form 10-Q Financial Statement

#000165495423012787 Filed on October 11, 2023

Income Statement

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Files In Submission

$SMID
SMITH MIDLAND CORP Stock $smid