2012 Q3 Form 10-Q Financial Statement
#000095015912000637 Filed on November 21, 2012
Income Statement
Concept | 2012 Q3 | 2011 Q3 |
---|---|---|
Revenue | $8.079M | $7.147M |
YoY Change | 13.04% | -14.73% |
Cost Of Revenue | $6.140M | $5.232M |
YoY Change | 17.36% | -9.74% |
Gross Profit | $1.938M | $1.915M |
YoY Change | 1.2% | -25.93% |
Gross Profit Margin | 23.99% | 26.79% |
Selling, General & Admin | $1.924M | $1.954M |
YoY Change | -1.53% | 74.24% |
% of Gross Profit | 99.28% | 102.04% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $195.7K | $127.0K |
YoY Change | 54.1% | 27.01% |
% of Gross Profit | 10.1% | 6.63% |
Operating Expenses | $1.924M | $1.954M |
YoY Change | -1.53% | 74.24% |
Operating Profit | $14.29K | -$38.52K |
YoY Change | -137.09% | -102.63% |
Interest Expense | $74.39K | $78.53K |
YoY Change | -5.27% | -28.9% |
% of Operating Profit | 520.75% | |
Other Income/Expense, Net | -$70.65K | -$70.07K |
YoY Change | 0.82% | -34.08% |
Pretax Income | -$56.36K | -$108.6K |
YoY Change | -48.1% | -108.0% |
Income Tax | -$11.34K | -$20.49K |
% Of Pretax Income | ||
Net Earnings | -$50.00K | -$88.10K |
YoY Change | -43.25% | -110.3% |
Net Earnings / Revenue | -0.62% | -1.23% |
Basic Earnings Per Share | $0.00 | -$0.01 |
Diluted Earnings Per Share | $0.00 | -$0.01 |
COMMON SHARES | ||
Basic Shares Outstanding | 18.70M shares | 16.55M shares |
Diluted Shares Outstanding | 18.70M shares | 16.55M shares |
Balance Sheet
Concept | 2012 Q3 | 2011 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.140M | $5.210M |
YoY Change | -58.93% | -43.61% |
Cash & Equivalents | $2.139M | $5.212M |
Short-Term Investments | ||
Other Short-Term Assets | $1.426M | $544.9K |
YoY Change | 161.64% | 11.21% |
Inventory | $5.440M | $8.540M |
Prepaid Expenses | ||
Receivables | $4.684M | $3.063M |
Other Receivables | $1.410M | $710.0K |
Total Short-Term Assets | $15.94M | $18.65M |
YoY Change | -14.56% | 8.39% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $7.126M | $5.128M |
YoY Change | 38.95% | 10.05% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $158.4K | $450.0K |
YoY Change | -64.8% | 462.5% |
Total Long-Term Assets | $7.681M | $7.872M |
YoY Change | -2.43% | 66.07% |
TOTAL ASSETS | ||
Total Short-Term Assets | $15.94M | $18.65M |
Total Long-Term Assets | $7.681M | $7.872M |
Total Assets | $23.62M | $26.53M |
YoY Change | -10.96% | 20.85% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.027M | $1.643M |
YoY Change | 23.34% | 72.96% |
Accrued Expenses | $1.538M | $1.466M |
YoY Change | 4.92% | 161.85% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $1.080M | $1.370M |
YoY Change | -21.17% | 69.14% |
Total Short-Term Liabilities | $6.536M | $6.169M |
YoY Change | 5.94% | 137.28% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $5.420M | $6.150M |
YoY Change | -11.87% | 10.61% |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $5.420M | $6.150M |
YoY Change | -11.87% | 10.61% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $6.536M | $6.169M |
Total Long-Term Liabilities | $5.420M | $6.150M |
Total Liabilities | $11.95M | $12.32M |
YoY Change | -3.0% | 50.8% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $5.591M | $8.759M |
YoY Change | -36.17% | |
Common Stock | $1.890K | $1.665K |
YoY Change | 13.51% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $11.67M | $14.20M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $23.62M | $26.53M |
YoY Change | -10.96% | 20.85% |
Cashflow Statement
Concept | 2012 Q3 | 2011 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$50.00K | -$88.10K |
YoY Change | -43.25% | -110.3% |
Depreciation, Depletion And Amortization | $195.7K | $127.0K |
YoY Change | 54.1% | 27.01% |
Cash From Operating Activities | -$1.860M | -$2.310M |
YoY Change | -19.48% | -5875.0% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$60.00K | -$880.0K |
YoY Change | -93.18% | 8700.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | -$60.00K | -$880.0K |
YoY Change | -93.18% | 23.94% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -340.0K | 1.070M |
YoY Change | -131.78% | 224.24% |
NET CHANGE | ||
Cash From Operating Activities | -1.860M | -2.310M |
Cash From Investing Activities | -60.00K | -880.0K |
Cash From Financing Activities | -340.0K | 1.070M |
Net Change In Cash | -2.260M | -2.120M |
YoY Change | 6.6% | 523.53% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.860M | -$2.310M |
Capital Expenditures | -$60.00K | -$880.0K |
Free Cash Flow | -$1.800M | -$1.430M |
YoY Change | 25.87% | -2960.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2012Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
7035982 | shares |
CY2012Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
7035982 | shares |
CY2012Q1 | tpcs |
Convertible Preferred Stock Series A Liquidation Preference
ConvertiblePreferredStockSeriesALiquidationPreference
|
2005254 | USD |
CY2012Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
17992177 | shares |
CY2012Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17992177 | shares |
CY2012Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2012Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
6337998 | shares |
CY2012Q1 | tpcs |
Debt Instrument And Capital Lease Obligations Carrying Amount
DebtInstrumentAndCapitalLeaseObligationsCarryingAmount
|
7135227 | USD |
CY2011Q3 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
4800000 | USD |
CY2012Q3 | dei |
Entity Registrant Name
EntityRegistrantName
|
TECHPRECISION CORP | |
CY2012Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001328792 | |
CY2012Q3 | dei |
Document Type
DocumentType
|
10-Q | |
CY2012Q3 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-09-30 | |
CY2012Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2012Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
CY2012Q3 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2012Q3 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2012Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
18904577 | shares |
CY2012Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
CY2012Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | |
CY2012Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2823485 | USD |
CY2012Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
4901791 | USD |
CY2012Q1 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
|
3910026 | USD |
CY2012Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
373544 | USD |
CY2012Q1 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1751169 | USD |
CY2012Q1 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
1020208 | USD |
CY2012Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1486954 | USD |
CY2012Q1 | us-gaap |
Assets Current
AssetsCurrent
|
16267177 | USD |
CY2012Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7395445 | USD |
CY2012Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
118005 | USD |
CY2012Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
270630 | USD |
CY2012Q1 | us-gaap |
Assets
Assets
|
24051257 | USD |
CY2012Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1361611 | USD |
CY2012Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2424695 | USD |
CY2012Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
159987 | USD |
CY2012Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
799413 | USD |
CY2012Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1358933 | USD |
CY2012Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6104639 | USD |
CY2012Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
5776294 | USD |
CY2012Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1799 | USD |
CY2012Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
4412075 | USD |
CY2012Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-223584 | USD |
CY2012Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
6342177 | USD |
CY2012Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11665330 | USD |
CY2012Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
23618913 | USD |
CY2012Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2012Q3 | us-gaap |
Assets Current
AssetsCurrent
|
15938091 | USD |
CY2012Q3 | us-gaap |
Assets
Assets
|
23618913 | USD |
CY2012Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2012Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6535583 | USD |
CY2012Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12170324 | USD |
CY2012Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
24051257 | USD |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
35511 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
-1030 | USD | |
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
686980 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1618325 | USD | |
CY2012Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
6337998 | shares |
CY2012Q3 | tpcs |
Convertible Preferred Stock Series A Liquidation Preference
ConvertiblePreferredStockSeriesALiquidationPreference
|
1806329 | USD |
CY2012Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
90000000 | shares |
CY2012Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
18904577 | shares |
CY2012Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18904577 | shares |
CY2012Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
25010 | USD |
CY2012Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
25010 | USD |
CY2012Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
1637857 | USD |
us-gaap |
Interest Paid
InterestPaid
|
170987 | USD | |
CY2011Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5211858 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
16323607 | USD | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
11981227 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
4342380 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3686649 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
655731 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
137221 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
10406 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-126815 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
528916 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
235553 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
293363 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-421928 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
18184 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-403744 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-169910 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-233834 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
59529 | USD | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16049144 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24143956 | shares | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-785102 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-33813 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-65032 | USD | |
CY2012Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-45020 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-1029888 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-149093 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-880795 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
3043804 | USD | |
CY2011Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
5231710 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
237237 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
249061 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
41355 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2516457 | USD | |
tpcs |
Increase Decrease In Costs Incurred On Uncompleted Contracts
IncreaseDecreaseInCostsIncurredOnUncompletedContracts
|
5620879 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-319823 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
102803 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
277500 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
549512 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
98757 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
965826 | USD | |
us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
697984 | shares | |
us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
46378 | USD | |
tpcs |
Equipment Under Construction Now Placed In Service
EquipmentUnderConstructionNowPlacedInService
|
1143443 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
6836 | USD | |
us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-2329142 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2337533 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2337533 | USD | |
us-gaap |
Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
|
-553070 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
78277 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-75109 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-683928 | USD | |
CY2011Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7541000 | USD |
us-gaap |
Interest Paid
InterestPaid
|
140138 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">NOTE 1 - DESCRIPTION OF BUSINESS</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">TechPrecision Corporation, or TechPrecision is a Delaware corporation organized in February 2005 under the name Lounsberry Holdings II, Inc. The name was changed to TechPrecision Corporation on March 6, 2006. TechPrecision is the parent company of Ranor, Inc., or Ranor, a Delaware corporation. On November 4, 2010, TechPrecision announced it completed the formation of a wholly foreign owned enterprise (WFOE), Wuxi Critical Mechanical Components Co., Ltd., or WCMC, to meet growing demand for local manufacturing of components in China. TechPrecision, WCMC and Ranor are collectively referred to as the “Company,” “we,” “us,” or “our.” The Company manufactures large scale metal fabricated and machined precision components and equipment. These products are used in a variety of markets including the alternative energy, medical, nuclear, commercial, defense and aerospace industries.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p></td></tr></table> | ||
CY2012 | tpcs |
Billings On Contracts During Period
BillingsOnContractsDuringPeriod
|
35132194 | USD |
CY2012Q3 | tpcs |
Cost Incurred On Uncompleted Contracts
CostIncurredOnUncompletedContracts
|
6471083 | USD |
tpcs |
Cost Incurred On Uncompleted Contracts During Period
CostIncurredOnUncompletedContractsDuringPeriod
|
7771827 | USD | |
CY2012 | tpcs |
Cost Incurred On Uncompleted Contracts During Period
CostIncurredOnUncompletedContractsDuringPeriod
|
31104174 | USD |
CY2012 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
28182584 | USD |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
12180487 | USD | |
CY2012Q1 | tpcs |
Billings On Uncompleted Contracts
BillingsOnUncompletedContracts
|
6969717 | USD |
CY2012 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
33266778 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
15224291 | USD | |
CY2012Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
1730866 | USD |
CY2011Q1 | tpcs |
Billings On Uncompleted Contracts
BillingsOnUncompletedContracts
|
5104301 | USD |
CY2012Q3 | tpcs |
Billings On Uncompleted Contracts
BillingsOnUncompletedContracts
|
1612866 | USD |
tpcs |
Billings On Contracts During Period
BillingsOnContractsDuringPeriod
|
9867439 | USD | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Use of Estimates in the Preparation of Financial Statements</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">In preparing the consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and revenues and expenses during the reported period. We continually evaluate our estimates, including those related to accounts receivable, contract accounting, inventories, recovery of long-lived assets, income taxes and the valuation of equity transactions. We base our estimates on historical and current experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from those estimates. We believe the following critical accounting policies affect our more significant judgments and estimates used in the preparation of the financial statements.</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p></td></tr></table> | ||
CY2012Q3 | tpcs |
Cash Deposits In Bank
CashDepositsInBank
|
534975 | USD |
CY2012Q1 | tpcs |
Cash Deposits In Bank
CashDepositsInBank
|
692524 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | USD | |
CY2012Q3 | us-gaap |
Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
|
2 | item |
CY2012Q1 | us-gaap |
Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
|
2 | item |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
282719 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
249061 | USD | |
CY2012Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4219272 | USD |
CY2012Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
11656341 | USD |
CY2012Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
11614717 | USD |
CY2012Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4530545 | USD |
CY2012Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
7125796 | USD |
CY2012Q3 | us-gaap |
Depreciation
Depreciation
|
195727 | USD |
CY2011Q3 | us-gaap |
Depreciation
Depreciation
|
127011 | USD |
us-gaap |
Depreciation
Depreciation
|
388650 | USD | |
us-gaap |
Depreciation
Depreciation
|
225222 | USD | |
CY2012Q1 | tpcs |
Cost Incurred On Uncompleted Contracts
CostIncurredOnUncompletedContracts
|
10879743 | USD |
CY2011Q1 | tpcs |
Cost Incurred On Uncompleted Contracts
CostIncurredOnUncompletedContracts
|
7958153 | USD |
CY2011Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-20494 | USD |
CY2011Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-208528 | USD |
CY2011Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
14348 | USD |
CY2011Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-110205 | USD |
CY2011Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-198303 | USD |
CY2012Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1079676 | USD |
CY2012Q3 | us-gaap |
Supplies
Supplies
|
22099 | USD |
CY2012Q3 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
|
4858217 | USD |
CY2012Q1 | us-gaap |
Supplies
Supplies
|
77000 | USD |
CY2012Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
130211 | USD |
CY2012Q1 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
220496 | USD |
CY2012Q3 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
1052500 | USD |
CY2012Q1 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
1052500 | USD |
CY2012Q3 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
16618 | USD |
CY2012Q1 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
102173 | USD |
CY2012Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1425755 | USD |
CY2012Q3 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
83337 | USD |
CY2012Q1 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
171252 | USD |
CY2012Q3 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
75085 | USD |
CY2012Q1 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
99378 | USD |
CY2012Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
158422 | USD |
CY2012Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
826297 | USD |
CY2012Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
970088 | USD |
CY2012Q3 | us-gaap |
Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
|
454654 | USD |
CY2012Q1 | us-gaap |
Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
|
375512 | USD |
CY2012Q3 | us-gaap |
Provision For Loss On Contracts
ProvisionForLossOnContracts
|
83196 | USD |
CY2012Q1 | us-gaap |
Provision For Loss On Contracts
ProvisionForLossOnContracts
|
887458 | USD |
CY2012Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
174312 | USD |
CY2012Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
191637 | USD |
CY2012Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1538459 | USD |
CY2012Q3 | tpcs |
Debt Instrument And Capital Lease Obligations Carrying Amount
DebtInstrumentAndCapitalLeaseObligationsCarryingAmount
|
6497676 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-278599 | USD | |
CY2012Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
1500000 | USD |
tpcs |
Related Party Transaction Percentage Of Dilutive Equity Interest Held By Common Shareholder
RelatedPartyTransactionPercentageOfDilutiveEquityInterestHeldByCommonShareholder
|
0.36 | pure | |
CY2011Q1 | tpcs |
Class Of Warrants Or Rights Term
ClassOfWarrantsOrRightsTerm
|
P2Y | |
CY2011Q1 | tpcs |
Warrant Issued During Period Shares For Service Provided
WarrantIssuedDuringPeriodSharesForServiceProvided
|
100000 | shares |
CY2011Q1 | tpcs |
Warrants Exercise Price
WarrantsExercisePrice
|
1.65 | |
CY2011Q1 | us-gaap |
Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
|
0.0030 | pure |
CY2011Q1 | us-gaap |
Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
|
0.79 | pure |
CY2011Q1 | us-gaap |
Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
|
P1Y | |
CY2011Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
|
0.51 | |
CY2011Q1 | us-gaap |
Adjustment Of Warrants Granted For Services
AdjustmentOfWarrantsGrantedForServices
|
51428 | USD |
CY2012Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
100000 | shares |
CY2012Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
100000 | shares |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
1000000 | shares |
CY2010Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
3000000 | shares |
CY2011Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
3300000 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P3Y | ||
tpcs |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Yield Term Of Us Treasury Issues On Which Risk Free Interest Rate Is Based
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsYieldTermOfUSTreasuryIssuesOnWhichRiskFreeInterestRateIsBased
|
P5Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.06 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.00083 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | ||
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
453506 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2415666 | shares |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2439000 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
50000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
26666 | shares | |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
2439000 | shares |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1473000 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.040 | |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.036 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.7000 | ||
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
1.036 | |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.893 | |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
107375 | USD |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
400700 | USD |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
400700 | USD |
CY2012Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
288299 | USD |
CY2012 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y8M16D | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P7Y3M18D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y3M18D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y3M22D | ||
CY2012Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
714677 | USD |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodFairValue
|
880719 | USD | |
CY2012Q1 | tpcs |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
|
1489000 | shares |
CY2012Q3 | tpcs |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedNumber
|
966000 | shares |
tpcs |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriod
|
563000 | shares | |
CY2012Q1 | tpcs |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedWeightedAverageExercisePrice
|
1.205 | |
CY2012Q3 | tpcs |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedWeightedAverageExercisePrice
|
1.255 | |
tpcs |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageExercisePrice
|
1.071 | ||
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
80439 | USD | |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
105535 | USD | |
CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
245423 | USD |
CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Next Rolling Twelve Months
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonths
|
67813 | USD |
CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
|
61236 | USD |
CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
|
62826 | USD |
CY2012Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Four
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFour
|
53548 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-751289 | USD | |
CY2011Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-88098 | USD |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18614112 | shares | |
CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18696846 | shares |
CY2011Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16546279 | shares |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | ||
CY2012Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2011Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2011Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6907806 | shares |
CY2012Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5808674 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
8094812 | shares | |
CY2012Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18696846 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18614112 | shares | |
CY2011Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16546279 | shares |
CY2012Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | ||
CY2011Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
8457830 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
762000 | shares | |
CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
1915457 | USD |
CY2011Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1953978 | USD |
CY2011Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-38521 | USD |
CY2011Q3 | us-gaap |
Interest Expense
InterestExpense
|
78531 | USD |
CY2011Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
8460 | USD |
CY2011Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-70071 | USD |
CY2011Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-108592 | USD |
CY2012Q3 | us-gaap |
Gross Profit
GrossProfit
|
1938365 | USD |
CY2012Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
5418000 | USD |
CY2012Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14286 | USD |
CY2012Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-70648 | USD |
CY2012Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-56362 | USD |
CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2138756 | USD |
CY2012Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
4684370 | USD |
CY2012Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
578047 | USD |
CY2012Q3 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
1198099 | USD |
CY2012Q3 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
1054847 | USD |
CY2012Q3 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
396604 | USD |
CY2012Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2026595 | USD |
CY2012Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
159987 | USD |
CY2012Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
1485696 | USD |
CY2012Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
1890 | USD |
CY2012Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
4844253 | USD |
CY2012Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-257397 | USD |
CY2012Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
5590888 | USD |
CY2012Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
8078552 | USD |
CY2012Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
6140187 | USD |
CY2012Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1924079 | USD |
CY2012Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
2558 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
2511 | USD | |
CY2012Q3 | us-gaap |
Interest Expense
InterestExpense
|
74394 | USD |
CY2012Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1188 | USD |
CY2012Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-11342 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-8552 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
26214 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
17662 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-3374 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
21036 | USD |
CY2012Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-23984 | USD |
us-gaap |
Interest Expense
InterestExpense
|
154485 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2881 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-79143 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
14111 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-31219 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
415429 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
282719 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-282020 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-219289 | USD | |
tpcs |
Increase Decrease In Costs Incurred On Uncompleted Contracts
IncreaseDecreaseInCostsIncurredOnUncompletedContracts
|
948192 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
202361 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-61199 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-88126 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
664632 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1036974 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
931453 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
75109 | USD | |
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
683928 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-3969 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
764306 | USD | |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
246536 | USD |