2017 Q2 Form 10-Q Financial Statement
#000114420417043199 Filed on August 14, 2017
Income Statement
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
Revenue | $5.830M | $4.644M |
YoY Change | 25.55% | 6.17% |
Cost Of Revenue | $4.090M | $3.109M |
YoY Change | 31.53% | 0.63% |
Gross Profit | $1.741M | $1.535M |
YoY Change | 13.39% | 19.64% |
Gross Profit Margin | 29.85% | 33.05% |
Selling, General & Admin | $919.8K | $888.2K |
YoY Change | 3.56% | 11.02% |
% of Gross Profit | 52.84% | 57.86% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $171.6K | $176.1K |
YoY Change | -2.52% | -37.13% |
% of Gross Profit | 9.86% | 11.47% |
Operating Expenses | $919.8K | $888.2K |
YoY Change | 3.56% | 9.65% |
Operating Profit | $820.8K | $647.2K |
YoY Change | 26.82% | 36.83% |
Interest Expense | $108.8K | $193.2K |
YoY Change | -43.7% | -171.56% |
% of Operating Profit | 13.25% | 29.85% |
Other Income/Expense, Net | -$108.7K | -$192.5K |
YoY Change | -43.53% | |
Pretax Income | $712.1K | $454.8K |
YoY Change | 56.6% | 116.55% |
Income Tax | $287.6K | $9.453K |
% Of Pretax Income | 40.39% | 2.08% |
Net Earnings | $420.0K | $450.0K |
YoY Change | -6.67% | 114.29% |
Net Earnings / Revenue | 7.2% | 9.69% |
Basic Earnings Per Share | $0.01 | $0.02 |
Diluted Earnings Per Share | $0.01 | $0.02 |
COMMON SHARES | ||
Basic Shares Outstanding | 28.82M shares | 27.32M shares |
Diluted Shares Outstanding | 29.77M shares | 27.71M shares |
Balance Sheet
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $3.330M | $2.860M |
YoY Change | 16.43% | 95.89% |
Cash & Equivalents | $3.332M | $2.858M |
Short-Term Investments | ||
Other Short-Term Assets | $460.3K | $540.0K |
YoY Change | -14.76% | -58.14% |
Inventory | $3.530M | $1.750M |
Prepaid Expenses | ||
Receivables | $1.229M | $1.400M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $8.555M | $6.550M |
YoY Change | 30.61% | 18.66% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $4.954M | $4.640M |
YoY Change | 6.76% | -14.55% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $34.02K | $810.0K |
YoY Change | -95.8% | 2600.0% |
Total Long-Term Assets | $8.107M | $5.450M |
YoY Change | 48.75% | 0.0% |
TOTAL ASSETS | ||
Total Short-Term Assets | $8.555M | $6.550M |
Total Long-Term Assets | $8.107M | $5.450M |
Total Assets | $16.66M | $12.00M |
YoY Change | 38.85% | 9.39% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $564.7K | $620.0K |
YoY Change | -8.91% | -48.33% |
Accrued Expenses | $1.039M | $1.240M |
YoY Change | -16.23% | 0.81% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Long-Term Debt Due | $730.0K | $580.0K |
YoY Change | 25.86% | -37.63% |
Total Short-Term Liabilities | $2.912M | $4.610M |
YoY Change | -36.83% | -37.53% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $4.720M | $4.480M |
YoY Change | 5.36% | 99.11% |
Other Long-Term Liabilities | $10.00K | $30.00K |
YoY Change | -66.67% | |
Total Long-Term Liabilities | $4.730M | $4.510M |
YoY Change | 4.88% | 100.44% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $2.912M | $4.610M |
Total Long-Term Liabilities | $4.730M | $4.510M |
Total Liabilities | $8.170M | $9.810M |
YoY Change | -16.72% | -6.21% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $113.8K | |
YoY Change | ||
Common Stock | $2.882K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $8.495M | $2.180M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $16.66M | $12.00M |
YoY Change | 38.85% | 9.39% |
Cashflow Statement
Concept | 2017 Q2 | 2016 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $420.0K | $450.0K |
YoY Change | -6.67% | 114.29% |
Depreciation, Depletion And Amortization | $171.6K | $176.1K |
YoY Change | -2.52% | -37.13% |
Cash From Operating Activities | $573.8K | $1.390M |
YoY Change | -58.72% | 265.79% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $212.9K | $0.00 |
YoY Change | -100.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $80.00K | |
YoY Change | ||
Cash From Investing Activities | -$132.9K | $0.00 |
YoY Change | -100.0% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$174.6K | 140.0K |
YoY Change | -224.71% | -160.87% |
NET CHANGE | ||
Cash From Operating Activities | $573.8K | 1.390M |
Cash From Investing Activities | -$132.9K | 0.000 |
Cash From Financing Activities | -$174.6K | 140.0K |
Net Change In Cash | $266.2K | 1.530M |
YoY Change | -82.6% | 1076.92% |
FREE CASH FLOW | ||
Cash From Operating Activities | $573.8K | $1.390M |
Capital Expenditures | $212.9K | $0.00 |
Free Cash Flow | $360.8K | $1.390M |
YoY Change | -74.04% | 247.5% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2017Q1 | us-gaap |
Billings In Excess Of Cost
BillingsInExcessOfCost
|
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CY2017Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
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|
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CY2017Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
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Additional Paid In Capital
AdditionalPaidInCapital
|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Cash And Cash Equivalents At Carrying Value
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|
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Accrued Income Taxes Current
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|
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Billings In Excess Of Cost
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Long Term Debt And Capital Lease Obligations
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Long Term Debt And Capital Lease Obligations
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Accounts Payable And Accrued Liabilities Noncurrent
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Accounts Payable And Accrued Liabilities Noncurrent
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Selling General And Administrative Expense
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|
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|
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Other Comprehensive Income Other Net Of Tax
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|
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Earnings Per Share Basic
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Earnings Per Share Diluted
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Document Type
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Trading Symbol
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|
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Share Based Compensation
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Depreciation
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|
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|
174597 | USD |
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Prepaid Insurance
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|
229132 | USD |
CY2017Q2 | us-gaap |
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|
95551 | USD |
CY2017Q1 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
85373 | USD |
CY2017Q2 | us-gaap |
Provision For Loss On Contracts
ProvisionForLossOnContracts
|
279361 | USD |
CY2017Q1 | us-gaap |
Provision For Loss On Contracts
ProvisionForLossOnContracts
|
148699 | USD |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.326 | |
CY2016Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-105465 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
9453 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
-407968 | USD |
CY2016Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-132946 | USD |
CY2016Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | USD |
CY2016Q2 | us-gaap |
Payments Of Loan Costs
PaymentsOfLoanCosts
|
144338 | USD |
CY2016Q2 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
2828885 | USD |
CY2016Q2 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
2544685 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-174591 | USD |
CY2016Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
139862 | USD |
CY2017Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-186 | USD |
CY2016Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-115 | USD |
CY2016Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1526112 | USD |
CY2016Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2858278 | USD |
CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
454756 | USD |
CY2016Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11605 | USD |
CY2016Q2 | us-gaap |
Gain Loss On Contract Termination
GainLossOnContractTermination
|
35069 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
573781 | USD |
CY2016Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1386365 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-626575 | USD |
CY2016Q2 | tpcs |
Increase Decrease In Costs Incurred On Uncompleted Contracts
IncreaseDecreaseInCostsIncurredOnUncompletedContracts
|
-781205 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
11320 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-172780 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
4839 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-52444 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
199423 | USD |
CY2016Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-378146 | USD |
CY2017Q2 | us-gaap |
Interest Paid
InterestPaid
|
93905 | USD |
CY2016Q2 | us-gaap |
Interest Paid
InterestPaid
|
365166 | USD |
CY2016Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
20000 | USD |
CY2016Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
12718873 | USD |
CY2017Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7765338 | USD |
CY2017Q2 | us-gaap |
Depreciation
Depreciation
|
171613 | USD |
CY2017Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
4667 | USD |
CY2017 | tpcs |
Billings On Contracts During Period
BillingsOnContractsDuringPeriod
|
18896305 | USD |
CY2017Q2 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
20000 | USD |
CY2017Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
100000 | USD |
CY2017Q2 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
14019 | USD |
CY2017Q1 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
0 | USD |
CY2017Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
510712 | USD |
CY2017Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
568766 | USD |
CY2017Q2 | us-gaap |
Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
|
8033 | USD |
CY2017Q1 | us-gaap |
Interest And Dividends Payable Current
InterestAndDividendsPayableCurrent
|
9155 | USD |
CY2017Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
42903 | USD |
CY2017Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
24147 | USD |
CY2017Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
197701 | USD |
CY2017Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
142648 | USD |
CY2017Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
155414 | USD |
CY2017Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
188977 | USD |
CY2017Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
5451174 | USD |
CY2017Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
5592202 | USD |
CY2017Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
5606588 | USD |
CY2017Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
5781179 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
0.409 | |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.445 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
1246600 | USD |
CY2017Q2 | tpcs |
Share Based Compensation Arrangement By Share Based Payment Award Options Granted Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue
|
0 | USD |
CY2016Q2 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
18750 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3002668 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
200000 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3202668 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
3202668 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
2249334 | shares |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.387 | |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.740 | |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.409 | |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
992250 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
992250 | USD |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
667875 | USD |
CY2017 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y8M19D | |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P6Y3M14D | |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y3M14D | |
CY2017Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
833334 | shares |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
80000 | shares |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
953334 | shares |
CY2017Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.266 | |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
0.740 | |
CY2017Q2 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
3202668 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
2249334 | shares |
CY2017Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
942073 | shares |
CY2016Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
387326 | shares |
CY2017Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
502668 | shares |
CY2016Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
428500 | shares |
CY2017Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2017Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
90000000 | shares |
CY2017Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
90000000 | shares |
CY2017Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28824593 | shares |
CY2017Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
28824593 | shares |
CY2017Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28824593 | shares |
CY2017Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28824593 | shares |
CY2018Q1 | tpcs |
Employee Agreement Annual Commitment For Future Salaries During Next Fiscal Year
EmployeeAgreementAnnualCommitmentForFutureSalariesDuringNextFiscalYear
|
500000 | USD |
CY2017Q2 | tpcs |
Employee Agreement Annual Commitment For Vacation And Holiday
EmployeeAgreementAnnualCommitmentForVacationAndHoliday
|
300000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
80000 | USD |
CY2016Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y3M14D | |
CY2017Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">NOTE 1 - DESCRIPTION OF BUSINESS</font></b></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt"> TechPrecision Corporation, or TechPrecision, is the parent company of Ranor, Inc., or Ranor, a Delaware corporation and Wuxi Critical Mechanical Components Co., Ltd., or WCMC, a wholly foreign owned enterprise (WFOE) organized under the laws of the People’s Republic of China. TechPrecision, WCMC and Ranor are collectively referred to as the “Company”, “we”, “us” or “our”.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman',serif; FONT-SIZE: 10pt">We manufacture large scale metal fabricated and machined precision components and equipment. These products are used in a variety of markets including defense and aerospace, nuclear, medical, and precision industrial.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.101 | pure |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0188 | pure |
CY2017Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
48079 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
-296 | USD |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
0 | USD |
CY2017Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.404 | pure |
CY2016Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.021 | pure |
CY2017Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1500000 | USD |
CY2017 | tpcs |
Debt Instrument Covenant Leverage Ratio
DebtInstrumentCovenantLeverageRatio
|
1.00 | pure |
CY2017Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1500000 | USD |