$TPCS
TECHPRECISION CORP Stock $tpcs

$tpcs Overview Financials Valuation SEC Filings Company Website

2013 Q3 Form 10-Q Financial Statement

#000095015913000620 Filed on November 14, 2013

Income Statement

Concept	2013 Q3	2013 Q1	2012 Q3
Revenue	$5.196M	$9.955M	$8.079M
YoY Change	-35.69%	63.76%	13.04%
Cost Of Revenue	$4.469M	$8.320M	$6.140M
YoY Change	-27.22%	36.84%	17.36%
Gross Profit	$727.0K	$1.631M	$1.938M
YoY Change	-62.49%	81450.0%	1.2%
Gross Profit Margin	13.99%	16.38%	23.99%
Selling, General & Admin	$1.484M	$1.940M	$1.924M
YoY Change	-22.85%	-31.69%	-1.53%
% of Gross Profit	204.19%	118.95%	99.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$220.6K	$230.0K	$195.7K
YoY Change	12.71%	-25.81%	54.1%
% of Gross Profit	30.34%	14.1%	10.1%
Operating Expenses	$1.484M	$1.950M	$1.924M
YoY Change	-22.85%	-31.1%	-1.53%
Operating Profit	-$757.2K	-$319.0K	$14.29K
YoY Change	-5400.4%	-88.72%	-137.09%
Interest Expense	$67.65K	-$90.00K	$74.39K
YoY Change	-9.07%	80.0%	-5.27%
% of Operating Profit			520.75%
Other Income/Expense, Net	-$61.46K	$0.00	-$70.65K
YoY Change	-13.01%		0.82%
Pretax Income	-$818.7K	-$410.0K	-$56.36K
YoY Change	1352.52%	-85.76%	-48.1%
Income Tax	$0.00	$710.0K	-$11.34K
% Of Pretax Income
Net Earnings	-$820.0K	-$1.120M	-$50.00K
YoY Change	1540.0%	-11.81%	-43.25%
Net Earnings / Revenue	-15.78%	-11.25%	-0.62%
Basic Earnings Per Share	-$0.04	-$0.06	$0.00
Diluted Earnings Per Share	-$0.04	-$0.06	$0.00
COMMON SHARES
Basic Shares Outstanding	19.96M shares	22.36M shares	18.70M shares
Diluted Shares Outstanding	19.96M shares		18.70M shares

Balance Sheet

Concept	2013 Q3	2013 Q1	2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.530M	$3.080M	$2.140M
YoY Change	-28.5%	9.22%	-58.93%
Cash & Equivalents	$1.532M	$3.075M	$2.139M
Short-Term Investments
Other Short-Term Assets	$1.388M	$1.578M	$1.426M
YoY Change	-2.62%	6.16%	161.64%
Inventory	$5.420M	$4.650M	$5.440M
Prepaid Expenses
Receivables	$2.691M	$4.331M	$4.684M
Other Receivables	$370.0K	$370.0K	$1.410M
Total Short-Term Assets	$11.66M	$14.27M	$15.94M
YoY Change	-26.84%	-12.3%	-14.56%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.907M	$7.300M	$7.126M
YoY Change	-3.07%	-1.29%	38.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets			$158.4K
YoY Change			-64.8%
Total Long-Term Assets	$6.907M	$7.300M	$7.681M
YoY Change	-10.07%	-6.22%	-2.43%
TOTAL ASSETS
Total Short-Term Assets	$11.66M	$14.27M	$15.94M
Total Long-Term Assets	$6.907M	$7.300M	$7.681M
Total Assets	$18.57M	$21.57M	$23.62M
YoY Change	-21.39%	-10.33%	-10.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.248M	$2.537M	$2.027M
YoY Change	-38.43%	86.33%	23.34%
Accrued Expenses	$804.0K	$1.875M	$1.538M
YoY Change	-47.74%	-22.67%	4.92%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$500.0K	$0.00
YoY Change
Long-Term Debt Due	$5.420M	$5.780M	$1.080M
YoY Change	401.85%	325.0%	-21.17%
Total Short-Term Liabilities	$10.08M	$11.18M	$6.536M
YoY Change	54.21%	83.19%	5.94%
LONG-TERM LIABILITIES
Long-Term Debt	$40.00K	$30.00K	$5.420M
YoY Change	-99.26%	-99.48%	-11.87%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$40.00K	$30.00K	$5.420M
YoY Change	-99.26%	-99.48%	-11.87%
TOTAL LIABILITIES
Total Short-Term Liabilities	$10.08M	$11.18M	$6.536M
Total Long-Term Liabilities	$40.00K	$30.00K	$5.420M
Total Liabilities	$10.38M	$11.47M	$11.95M
YoY Change	-13.14%	-3.45%	-3.0%
SHAREHOLDERS EQUITY
Retained Earnings	$1.688M	$3.930M	$5.591M
YoY Change	-69.81%	-38.03%	-36.17%
Common Stock	$1.996K	$1.996K	$1.890K
YoY Change	5.61%	10.95%	13.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$8.189M	$10.10M	$11.67M
YoY Change
Total Liabilities & Shareholders Equity	$18.57M	$21.57M	$23.62M
YoY Change	-21.39%	-10.33%	-10.96%

Cashflow Statement

Concept	2013 Q3	2013 Q1	2012 Q3
OPERATING ACTIVITIES
Net Income	-$820.0K	-$1.120M	-$50.00K
YoY Change	1540.0%	-11.81%	-43.25%
Depreciation, Depletion And Amortization	$220.6K	$230.0K	$195.7K
YoY Change	12.71%	-25.81%	54.1%
Cash From Operating Activities	-$210.0K	$1.130M	-$1.860M
YoY Change	-88.71%	1030.0%	-19.48%
INVESTING ACTIVITIES
Capital Expenditures	$10.00K	-$260.0K	-$60.00K
YoY Change	-116.67%	-23.53%	-93.18%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	$10.00K	-$260.0K	-$60.00K
YoY Change	-116.67%	-23.53%	-93.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-710.0K	200.0K	-340.0K
YoY Change	108.82%	-766.67%	-131.78%
NET CHANGE
Cash From Operating Activities	-210.0K	1.130M	-1.860M
Cash From Investing Activities	10.00K	-260.0K	-60.00K
Cash From Financing Activities	-710.0K	200.0K	-340.0K
Net Change In Cash	-910.0K	1.070M	-2.260M
YoY Change	-59.73%	-496.3%	6.6%
FREE CASH FLOW
Cash From Operating Activities	-$210.0K	$1.130M	-$1.860M
Capital Expenditures	$10.00K	-$260.0K	-$60.00K
Free Cash Flow	-$220.0K	$1.390M	-$1.800M
YoY Change	-87.78%	215.91%	25.87%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q1	us-gaap	Supplies Supplies	267513	USD
	us-gaap	Depreciation Depreciation	469044	USD
	tpcs	Period Of Written Notice To Accelerate Payment Of Debt In Case Of Default PeriodOfWrittenNoticeToAcceleratePaymentOfDebtInCaseOfDefault	P60D
CY2013Q1	us-gaap	Debt Default Longterm Debt Amount DebtDefaultLongtermDebtAmount	5800000	USD
CY2013Q3	us-gaap	Debt Default Longterm Debt Amount DebtDefaultLongtermDebtAmount	5400000	USD
CY2013	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2400000	USD
CY2012	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2100000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2242575	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1532026	USD
CY2013Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	500000	USD
CY2013Q3	tpcs	Cash Deposits In Bank CashDepositsInBank	100000	USD
CY2012Q1	tpcs	Billings On Uncompleted Contracts BillingsOnUncompletedContracts	6969717	USD
CY2013Q1	us-gaap	Deposits Assets Current DepositsAssetsCurrent	1032348	USD
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.027
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	17750	USD
CY2013Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	12244221	USD
CY2013Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4943973	USD
CY2013Q3	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	900000	USD
CY2012Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-8552	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-117813	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-79143	USD
CY2013Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent	-184	USD
CY2012Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent	26214	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent	-2396	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent	14111	USD
CY2013Q3	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	-7660	USD
CY2012Q3	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	17662	USD
	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	-120209	USD
	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	-65032	USD
CY2012Q3	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-3374	USD
CY2013Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7300248	USD
CY2013Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	12320299	USD
CY2013Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	5413017	USD
CY2013Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6907282	USD
CY2013Q3	us-gaap	Depreciation Depreciation	220604	USD
CY2012Q3	us-gaap	Depreciation Depreciation	195727	USD
	us-gaap	Depreciation Depreciation	388650	USD
CY2013Q1	tpcs	Billings On Uncompleted Contracts BillingsOnUncompletedContracts	1882546	USD
CY2013	tpcs	Cost Incurred On Uncompleted Contracts During Period CostIncurredOnUncompletedContractsDuringPeriod	21215441	USD
CY2013	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	25914345	USD
CY2013Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	677907	USD
CY2013	us-gaap	Sales Revenue Net SalesRevenueNet	32472919	USD
CY2013	tpcs	Billings On Contracts During Period BillingsOnContractsDuringPeriod	27385748	USD
CY2012Q1	tpcs	Cost Incurred On Uncompleted Contracts CostIncurredOnUncompletedContracts	10879743	USD
CY2013Q1	tpcs	Cost Incurred On Uncompleted Contracts CostIncurredOnUncompletedContracts	6180839	USD
CY2013Q1	us-gaap	Prepaid Insurance PrepaidInsurance	187086	USD
CY2013Q1	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs CostsInExcessOfBillingsOnUncompletedContractsOrPrograms	4298293	USD
CY2013Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	253813	USD
CY2013Q3	tpcs	Cost Incurred On Uncompleted Contracts CostIncurredOnUncompletedContracts	6226491	USD
CY2013Q3	tpcs	Billings On Uncompleted Contracts BillingsOnUncompletedContracts	1162455	USD
CY2013Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	57930	USD
	tpcs	Cost Incurred On Uncompleted Contracts During Period CostIncurredOnUncompletedContractsDuringPeriod	11190624	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	11144972	USD
	tpcs	Billings On Contracts During Period BillingsOnContractsDuringPeriod	11572396	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	12292487	USD
CY2013Q3	us-gaap	Costs In Excess Of Billings On Uncompleted Contracts Or Programs CostsInExcessOfBillingsOnUncompletedContractsOrPrograms	5064036	USD
CY2013Q1	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	33607	USD
CY2013Q1	us-gaap	Other Assets Current OtherAssetsCurrent	1578484	USD
CY2013Q3	us-gaap	Supplies Supplies	229449	USD
CY2013Q3	us-gaap	Prepaid Insurance PrepaidInsurance	151316	USD
CY2013Q3	us-gaap	Deposits Assets Current DepositsAssetsCurrent	927462	USD
CY2013Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	42201	USD
CY2013Q3	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	37965	USD
CY2013Q3	us-gaap	Other Assets Current OtherAssetsCurrent	1388393	USD
CY2013Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	668038	USD
CY2013Q1	us-gaap	Interest Rate Derivative Liabilities At Fair Value InterestRateDerivativeLiabilitiesAtFairValue	388982	USD
CY2013Q1	us-gaap	Customer Deposits Current CustomerDepositsCurrent	236000	USD
CY2013Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	311732	USD
CY2013Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1604752	USD
CY2013Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	413901	USD
CY2013Q3	us-gaap	Interest Rate Derivative Liabilities At Fair Value InterestRateDerivativeLiabilitiesAtFairValue	271168	USD
CY2013Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	118892	USD
CY2013Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	803961	USD
CY2013Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	5784479	USD
CY2013Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	31108	USD
CY2013Q1	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	5815587	USD
CY2013Q3	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	43532	USD
CY2013Q3	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	5461759	USD
CY2011Q3	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	4800000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2013Q3	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	2300000	USD
	tpcs	Related Party Transaction Percentage Of Dilutive Equity Interest Held By Common Shareholder RelatedPartyTransactionPercentageOfDilutiveEquityInterestHeldByCommonShareholder	0.36	pure
	tpcs	Provision For Contract Losses ProvisionForContractLosses	83196	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1644073	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-219289	USD
	tpcs	Increase Decrease In Costs Incurred On Uncompleted Contracts IncreaseDecreaseInCostsIncurredOnUncompletedContracts	765743	USD
	tpcs	Increase Decrease In Costs Incurred On Uncompleted Contracts IncreaseDecreaseInCostsIncurredOnUncompletedContracts	948192	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1283	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	202361	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-180499	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-61199	USD
	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	-553070	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	-682920	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-1036974	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	423547	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	931453	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-616081	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	78277	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	53941	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	75109	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-53941	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-75109	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	875278	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	683928	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-875278	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-683928	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations	1950	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations	-3969	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-1543350	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-684729	USD
	us-gaap	Interest Paid InterestPaid	127306	USD
	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	271168	USD
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
CY2013Q1	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	0	shares
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	90000000	shares
CY2013Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	90000000	shares
CY2013Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19956871	shares
CY2013Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19956871	shares
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	3300000	shares
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	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.011	pure
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1268506	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2484000	shares
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1553000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	400000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	1331000	shares
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.970
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	1553000	shares
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	1001667	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.670
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0.952
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	0.970
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	0.986
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2012Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-11342	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-278599	USD
CY2011Q1	us-gaap	Fair Value Assumptions Expected Term FairValueAssumptionsExpectedTerm	P1Y
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	us-gaap	Sales Revenue Net SalesRevenueNet	15224291	USD
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	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3254569	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3924599	USD
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CY2012Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	14286	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2107054	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-880795	USD
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	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-567	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2511	USD
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CY2012Q3	us-gaap	Interest Expense InterestExpense	74394	USD
	us-gaap	Interest Expense InterestExpense	137773	USD
	us-gaap	Interest Expense InterestExpense	154485	USD
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	us-gaap	Investment Income Interest InvestmentIncomeInterest	2819	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	2881	USD
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	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-149093	USD
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	478902	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	415429	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	214287	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	282719	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-282020	USD
	tpcs	Provision For Contract Losses ProvisionForContractLosses	1427803	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1295237	USD
	us-gaap	Interest Paid InterestPaid	140138	USD
	tpcs	Tax On Liabilities Assumed TaxOnLiabilitiesAssumed	0	USD
	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	275315	USD
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	us-gaap	Conversion Of Stock Shares Issued1 ConversionOfStockSharesIssued1	912400	shares
	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	46378	USD
	tpcs	Tax On Liabilities Assumed TaxOnLiabilitiesAssumed	179339	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2823485	USD
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2138756	USD
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-size:10.0pt;font-family:Times New Roman;FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">NOTE 1 – DESCRIPTION OF BUSINESS</font></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">TechPrecision Corporation offers a full range of services required to transform metallic raw materials into precise finished products We manufacture 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, defense, commercial, and aerospace industries. We sell to customers in three main industry groups: naval/maritime, energy and precision industrial.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">We are 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),</font> <font style="FONT-SIZE: 10pt;" size="2">under the laws of the People’s Republic of China</font><font style="FONT-SIZE: 10pt;" size="2">,</font> <font style="FONT-SIZE: 10pt;" size="2">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”.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Liquidity and Capital Resources</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">At September 30, 2013, we were in default and continue to be in default with the Loan and Security Agreement between Ranor and Sovereign Bank, or the Bank, dated February 24, 2006, as amended, or the Loan Agreement. At March 31, 2013, we were not in compliance with the fixed charges and interest coverage financial covenants under the Loan Agreement, and the Bank did not agree to waive our non-compliance with the covenants. As a result, we were in default at March 31, 2013. In addition, the Bank did not renew the revolving credit facility which expired on July 31, 2013. The Bank has the right to accelerate payment of the debt in full upon 60 days written notice. As a consequence, all amounts under the Loan Agreement are classified as a current liability at September 30, 2013 ($5.4 million) and March 31, 2013 ($5.8 million). The Bank continues to evaluate its course of action and has not yet demanded repayment. We continue to make payments pursuant to the terms of the Loan Agreement. If the Bank were to make such a demand for repayment, we would be unable to pay the obligation as we do not have existing facilities or sufficient cash on hand to satisfy these obligations and would need to seek alternative financing. The covenants under the loan agreement are no longer being tested on a monthly, quarterly or annual basis.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">We have incurred net losses of $2.2 million for the first six months of the year ending March 31, 2014, or fiscal 2014, and $2.4 million and $2.1 million for the annual periods ended March 31, 2013 and 2012, respectively. At September 30, 2013 we had cash and cash equivalents of $1.5 million of which $0.1 million is located in China and which we may not be able to repatriate for use in the U.S. without undue cost or expense if at all. We borrowed $0.5 million under our revolving line of credit during the quarter ended March 31, 2013, and repaid this borrowing in full in July 2013. In addition, we have $0.9 million of restricted cash with the Bank (included in our other current assets) that could be used toward satisfying our obligation under the Loan Agreement.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">These factors raise substantial doubt about our ability to continue as a going concern. In order for us to continue operations beyond the next twelve months and be able to discharge our liabilities and commitments in the normal course of business, we must secure long-term financing on terms consistent with our business plans. In addition, we must increase our backlog and change the composition of our revenues to focus on recurring unit of delivery projects rather than custom first article and prototyping projects which do not efficiently use our manufacturing capacity, and reduce our operating expenses to be in line with current business conditions in order to increase profit margins and decrease the amount of cash used in operations. If we are successful in changing the composition of revenue and reducing costs, we expect that fiscal 2014 operating results will reflect positive operating cash flows. However, we plan to closely monitor our expenses and, if required, will further reduce operating costs and capital spending to enhance liquidity.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The condensed consolidated financial statements for the three and six months ended September 30, 2013 and the year ended March 31, 2013, or fiscal 2013, were prepared on the basis of a going concern which contemplates that we will be able to realize assets and discharge liabilities in the normal course of business. Accordingly, they do not give effect to adjustments that would be necessary should we be required to liquidate assets. Our ability to satisfy our total current liabilities of $10.1 million at September 30, 2013 and to continue as a going concern is dependent upon the availability of and our ability to timely secure long-term financing and the successful execution of our operating plan. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.</font></p></div>
CY2013Q1	us-gaap	Provision For Loss On Contracts ProvisionForLossOnContracts	270172	USD
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	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-120209	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-33813	USD
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	776475	USD
	tpcs	Contract Losses ContractLosses	1400000	USD
CY2013Q3	us-gaap	Provision For Loss On Contracts ProvisionForLossOnContracts	1697975	USD

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$TPCS
TECHPRECISION CORP Stock $tpcs

2013 Q3 Form 10-Q Financial Statement

#000095015913000620 Filed on November 14, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TPCS TECHPRECISION CORP Stock $tpcs

2013 Q3 Form 10-Q Financial Statement

#000095015913000620 Filed on November 14, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TPCS
TECHPRECISION CORP Stock $tpcs