2018 Q2 Form 10-Q Financial Statement
#000114420418044014 Filed on August 13, 2018
Income Statement
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| Revenue | $4.099M | $5.830M |
| YoY Change | -29.7% | 25.55% |
| Cost Of Revenue | $3.046M | $4.090M |
| YoY Change | -25.51% | 31.53% |
| Gross Profit | $1.053M | $1.741M |
| YoY Change | -39.53% | 13.39% |
| Gross Profit Margin | 25.68% | 29.85% |
| Selling, General & Admin | $730.5K | $919.8K |
| YoY Change | -20.58% | 3.56% |
| % of Gross Profit | 69.4% | 52.84% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $185.6K | $171.6K |
| YoY Change | 8.14% | -2.52% |
| % of Gross Profit | 17.63% | 9.86% |
| Operating Expenses | $730.5K | $919.8K |
| YoY Change | -20.58% | 3.56% |
| Operating Profit | $322.1K | $820.8K |
| YoY Change | -60.76% | 26.82% |
| Interest Expense | $95.39K | $108.8K |
| YoY Change | -12.32% | -43.7% |
| % of Operating Profit | 29.62% | 13.25% |
| Other Income/Expense, Net | -$92.65K | -$108.7K |
| YoY Change | -14.76% | -43.53% |
| Pretax Income | $229.4K | $712.1K |
| YoY Change | -67.79% | 56.6% |
| Income Tax | $65.03K | $287.6K |
| % Of Pretax Income | 28.35% | 40.39% |
| Net Earnings | $164.4K | $420.0K |
| YoY Change | -60.86% | -6.67% |
| Net Earnings / Revenue | 4.01% | 7.2% |
| Basic Earnings Per Share | $0.01 | $0.01 |
| Diluted Earnings Per Share | $0.01 | $0.01 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 28.82M | 28.82M shares |
| Diluted Shares Outstanding | 29.10M | 29.77M shares |
Balance Sheet
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.110M | $3.330M |
| YoY Change | -36.64% | 16.43% |
| Cash & Equivalents | $2.111M | $3.332M |
| Short-Term Investments | ||
| Other Short-Term Assets | $415.7K | $460.3K |
| YoY Change | -9.7% | -14.76% |
| Inventory | $976.7K | $3.530M |
| Prepaid Expenses | ||
| Receivables | $716.4K | $1.229M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $8.444M | $8.555M |
| YoY Change | -1.3% | 30.61% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.079M | $4.954M |
| YoY Change | 2.53% | 6.76% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $44.14K | $34.02K |
| YoY Change | 29.76% | -95.8% |
| Total Long-Term Assets | $7.547M | $8.107M |
| YoY Change | -6.91% | 48.75% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $8.444M | $8.555M |
| Total Long-Term Assets | $7.547M | $8.107M |
| Total Assets | $15.99M | $16.66M |
| YoY Change | -4.03% | 38.85% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $332.8K | $564.7K |
| YoY Change | -41.07% | -8.91% |
| Accrued Expenses | $752.7K | $1.039M |
| YoY Change | -27.53% | -16.23% |
| Deferred Revenue | $890.8K | |
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $780.0K | $730.0K |
| YoY Change | 6.85% | 25.86% |
| Total Short-Term Liabilities | $3.323M | $2.912M |
| YoY Change | 14.11% | -36.83% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $4.000M | $4.720M |
| YoY Change | -15.25% | 5.36% |
| Other Long-Term Liabilities | $10.00K | |
| YoY Change | -66.67% | |
| Total Long-Term Liabilities | $4.000M | $4.730M |
| YoY Change | -15.43% | 4.88% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.323M | $2.912M |
| Total Long-Term Liabilities | $4.000M | $4.730M |
| Total Liabilities | $7.320M | $8.170M |
| YoY Change | -10.4% | -16.72% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $57.05K | $113.8K |
| YoY Change | -49.87% | |
| Common Stock | $2.882K | $2.882K |
| YoY Change | 0.0% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $8.669M | $8.495M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $15.99M | $16.66M |
| YoY Change | -4.03% | 38.85% |
Cashflow Statement
| Concept | 2018 Q2 | 2017 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $164.4K | $420.0K |
| YoY Change | -60.86% | -6.67% |
| Depreciation, Depletion And Amortization | $185.6K | $171.6K |
| YoY Change | 8.14% | -2.52% |
| Cash From Operating Activities | -$289.9K | $573.8K |
| YoY Change | -150.53% | -58.72% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $101.7K | $212.9K |
| YoY Change | -52.24% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $80.00K |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$101.7K | -$132.9K |
| YoY Change | -23.51% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -186.9K | -$174.6K |
| YoY Change | 7.05% | -224.71% |
| NET CHANGE | ||
| Cash From Operating Activities | -289.9K | $573.8K |
| Cash From Investing Activities | -101.7K | -$132.9K |
| Cash From Financing Activities | -186.9K | -$174.6K |
| Net Change In Cash | -577.9K | $266.2K |
| YoY Change | -317.04% | -82.6% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$289.9K | $573.8K |
| Capital Expenditures | $101.7K | $212.9K |
| Free Cash Flow | -$391.6K | $360.8K |
| YoY Change | -208.53% | -74.04% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">NOTE 1 - DESCRIPTION OF BUSINESS</div></div></div><div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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 and Wuxi Critical Mechanical Components Co., Ltd., or WCMC, a wholly foreign owned enterprise. TechPrecision, WCMC and Ranor are collectively referred to as the “Company”, “we”, “us” or “our”.</div></div><div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-family: "times new roman", times, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: "times new roman", times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">We manufacture large scale metal fabricated and machined precision components and equipment. These products are used in a variety of markets including defense, aerospace, nuclear, medical, and precision industrial.</div></div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2018Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
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Common Stock Par Or Stated Value Per Share
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0.0001 | |
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Supplies
Supplies
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82520 | USD |
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Supplies
Supplies
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Revenues
Revenues
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Revenues
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Cost Of Goods And Services Sold
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Cost Of Goods And Services Sold
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Prepaid Insurance
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Prepaid Insurance
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211823 | USD |
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Common Stock Shares Authorized
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Common Stock Shares Authorized
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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Net Income Loss Available To Common Stockholders Basic
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Net Income Loss Available To Common Stockholders Basic
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Shares Outstanding Basic
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Document Type
DocumentType
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10-Q | |
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Defined Contribution Plan Cost Recognized
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Common Stock Shares Issued
CommonStockSharesIssued
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Common Stock Shares Issued
CommonStockSharesIssued
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Cash And Cash Equivalents At Carrying Value
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|
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| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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Prepaid Subscriptions
PrepaidSubscriptions
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Prepaid Subscriptions
PrepaidSubscriptions
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44579 | USD |
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Gross Profit
GrossProfit
|
1052524 | USD |
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Gross Profit
GrossProfit
|
1740587 | USD |
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Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
730465 | USD |
| CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
919759 | USD |
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Prepaid Taxes
PrepaidTaxes
|
59792 | USD |
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Prepaid Taxes
PrepaidTaxes
|
59792 | USD |
| CY2018Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
716408 | USD |
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Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1446982 | USD |
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28824593 | shares |
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Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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4876807 | USD |
| CY2018Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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5063703 | USD |
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Amendment Flag
AmendmentFlag
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false | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
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Document Period End Date
DocumentPeriodEndDate
|
2018-06-30 | |
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Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
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4175499 | USD |
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Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
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347896 | USD |
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Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
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3392668 | shares |
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
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50000 | shares |
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Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
2000 | shares |
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Deferred Finance Costs Net
DeferredFinanceCostsNet
|
99207 | USD |
| CY2018Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
112075 | USD |
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Lease Payment Until Expire
LeasePaymentUntilExpire
|
740 | USD |
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Stockholders Equity
StockholdersEquity
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7970321 | USD |
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Stockholders Equity
StockholdersEquity
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8012496 | USD |
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Due From Employees Current
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26869 | USD |
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Due From Employees Current
DueFromEmployeesCurrent
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Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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13562506 | USD |
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Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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13500457 | USD |
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Operating Income Loss
OperatingIncomeLoss
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322059 | USD |
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Operating Income Loss
OperatingIncomeLoss
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Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
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32993 | USD |
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Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
30700 | USD |
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Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
4777600 | USD |
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Long Term Debt And Capital Lease Obligations Including Current Maturities
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4951628 | USD |
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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3392668 | shares |
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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|
50000 | shares |
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|
2019 | |
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Weighted Average Number Diluted Shares Outstanding Adjustment
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|
272134 | shares |
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Weighted Average Number Diluted Shares Outstanding Adjustment
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942073 | shares |
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Q1 | |
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Deposits Assets Noncurrent
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|
0 | USD |
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Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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3392668 | shares |
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Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
778991 | USD |
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Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
766354 | USD |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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303175 | USD |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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24930 | USD |
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Other Assets Current
OtherAssetsCurrent
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450540 | USD |
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Other Assets Current
OtherAssetsCurrent
|
415672 | USD |
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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467550 | USD |
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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383060 | USD |
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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2740 | USD |
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
91 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
8483594 | USD |
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Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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8298009 | USD |
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Inventory Net
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1025211 | USD |
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Inventory Net
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2088485 | USD |
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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Interest Expense
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Interest Expense
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108782 | USD |
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Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
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159147 | USD |
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Accrued Professional Fees Current
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152501 | USD |
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Long Term Debt And Capital Lease Obligations
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|
3998609 | USD |
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Long Term Debt And Capital Lease Obligations
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4185274 | USD |
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Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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3342000 | shares |
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Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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0.60 | |
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Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
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3342667 | shares |
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Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
4497 | USD |
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Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
19544 | USD |
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Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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|
0.417 | |
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Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
6860 | USD |
| CY2018Q2 | dei |
Entity Registrant Name
EntityRegistrantName
|
TECHPRECISION CORP | |
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Weighted Average Number Of Diluted Shares Outstanding
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|
29096727 | shares |
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Weighted Average Number Of Diluted Shares Outstanding
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|
29766666 | shares |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
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Entity Central Index Key
EntityCentralIndexKey
|
0001328792 | |
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Depreciation Depletion And Amortization
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|
185585 | USD |
| CY2017Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
171613 | USD |
| CY2018Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-92645 | USD |
| CY2017Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-108691 | USD |
| CY2018Q2 | us-gaap |
Depreciation
Depreciation
|
185585 | USD |
| CY2017Q2 | us-gaap |
Depreciation
Depreciation
|
171613 | USD |
| CY2018Q2 | us-gaap |
Provision For Loss On Contracts
ProvisionForLossOnContracts
|
19029 | USD |
| CY2018Q1 | us-gaap |
Provision For Loss On Contracts
ProvisionForLossOnContracts
|
200897 | USD |
| CY2018Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
44144 | USD |
| CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
6860 | USD |
| CY2018Q2 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
2423515 | USD |
| CY2018Q1 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
2046298 | USD |
| CY2018Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
264 | USD |
| CY2017Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
14791 | USD |
| CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
229414 | USD |
| CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
712137 | USD |
| CY2018Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
15231 | USD |
| CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-265908 | USD |
| CY2018Q2 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | |
| CY2018Q2 | tpcs |
Accrued Project Costs
AccruedProjectCosts
|
66479 | USD |
| CY2018Q1 | tpcs |
Accrued Project Costs
AccruedProjectCosts
|
0 | USD |
| CY2018Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
862668 | shares |
| CY2017Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
502668 | shares |
| CY2018Q2 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
| CY2018 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
4908 | USD |
| CY2018Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-1911 | USD |
| CY2018Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
40512 | USD |
| CY2018Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
51626 | USD |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
0.60 | |
| CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
65029 | USD |
| CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
287635 | USD |
| CY2018Q2 | us-gaap |
Assets
Assets
|
15990614 | USD |
| CY2018Q1 | us-gaap |
Assets
Assets
|
14278619 | USD |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.60 | |
| CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
24930 | USD |
| CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
99388 | USD |
| CY2018Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
1000000 | USD |
| CY2018Q2 | dei |
Trading Symbol
TradingSymbol
|
TPCS | |
| CY2018Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
28824593 | shares |
| CY2018Q2 | us-gaap |
Gain Loss On Contract Termination
GainLossOnContractTermination
|
15875 | USD |
| CY2017Q2 | us-gaap |
Gain Loss On Contract Termination
GainLossOnContractTermination
|
-130662 | USD |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
1.960 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.416 | |
| CY2018Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
65029 | USD |
| CY2017Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
273528 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
732 | USD |
| CY2018Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
332798 | USD |
| CY2018Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
345705 | USD |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
0.416 | |
| CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-1911 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
732 | USD |
| CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
0 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
-296 | USD |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.413 | |
| CY2018Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
752717 | USD |
| CY2018Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
788084 | USD |
| CY2018Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
1458319 | USD |
| CY2018Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
180706 | USD |
| CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
162474 | USD |
| CY2017Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
424938 | USD |
| CY2018Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-730574 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-641353 | USD |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
698200 | USD |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
1102600 | USD |
| CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
| CY2018Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
48518 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1294314 | USD |
| CY2018Q2 | tpcs |
Represents Amount Of Forfeited Aggregate Intrinsic Value
RepresentsAmountOfForfeitedAggregateIntrinsicValue
|
0 | USD |
| CY2018Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3322825 | USD |
| CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2080849 | USD |
| CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
| CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
1102600 | USD |
| CY2018Q2 | us-gaap |
Increase Decrease In Contract Receivables Net
IncreaseDecreaseInContractReceivablesNet
|
2119085 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Contract Receivables Net
IncreaseDecreaseInContractReceivablesNet
|
0 | USD |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y8M19D | |
| CY2018Q2 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-34868 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
38214 | USD |
| CY2018Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2018Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2018Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
0 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
4839 | USD |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P6Y8M19D | |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y8M19D | |
| CY2018Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-12907 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
199423 | USD |
| CY2018Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
2882 | USD |
| CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
2882 | USD |
| CY2018Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
8586925 | USD |
| CY2018Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
8561995 | USD |
| CY2018Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
118339 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
15254 | USD |
| CY2018 | tpcs |
Debt Instrument Covenant Leverage Ratio Year Three And Thereafter
DebtInstrumentCovenantLeverageRatioYearThreeAndThereafter
|
0.78 | pure |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
24930 | USD |
| CY2018Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
22325 | USD |
| CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
24236 | USD |
| CY2018Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-289927 | USD |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
573781 | USD |
| CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8669180 | USD |
| CY2018Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
101695 | USD |
| CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
212946 | USD |
| CY2018Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD |
| CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
57048 | USD |
| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-576617 | USD |
| CY2017Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
80000 | USD |
| CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15990614 | USD |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14278619 | USD |
| CY2018Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-101695 | USD |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-132946 | USD |
| CY2018Q2 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
186896 | USD |
| CY2017Q2 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
174591 | USD |
| CY2018Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-186896 | USD |
| CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-174591 | USD |
| CY2018Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
661 | USD |
| CY2017Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-186 | USD |
| CY2018Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-577857 | USD |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
266058 | USD |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3066156 | USD |
| CY2017Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3332214 | USD |
| CY2018Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
80066 | USD |
| CY2017Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
93905 | USD |
| CY2018Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
| CY2017Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
10000 | USD |
| CY2018Q2 | us-gaap |
Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
|
-1911 | USD |
| CY2017Q2 | us-gaap |
Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
|
436 | USD |
| CY2018Q2 | tpcs |
Employee Agreement Annual Commitment For Vacation And Holiday
EmployeeAgreementAnnualCommitmentForVacationAndHoliday
|
200000 | USD |
| CY2018Q2 | tpcs |
Employee Agreement Annual Commitment For Future Salaries During Next Fiscal Year
EmployeeAgreementAnnualCommitmentForFutureSalariesDuringNextFiscalYear
|
500000 | USD |
| CY2018Q2 | us-gaap |
Assets Current
AssetsCurrent
|
8444043 | USD |
| CY2018Q1 | us-gaap |
Assets Current
AssetsCurrent
|
7023013 | USD |
| CY2018Q2 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
0 | USD |
| CY2017Q2 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
4403 | USD |
| CY2018Q2 | tpcs |
Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
|
-567517 | USD |
| CY2017Q2 | tpcs |
Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
|
68522 | USD |
| CY2018Q2 | us-gaap |
Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
2423515 | USD |
| CY2018Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
752717 | USD |
| CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
57048 | USD |
| CY2018Q2 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
3046299 | USD |
| CY2018Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
730465 | USD |
| CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
229414 | USD |
| CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
65029 | USD |
| CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
164385 | USD |
| CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
| CY2018Q2 | us-gaap |
Inventory Net
InventoryNet
|
976693 | USD |
| CY2018Q2 | us-gaap |
Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
|
2100000 | USD |
| CY2018Q2 | us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
600000 | USD |
| CY2018Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
204872 | USD |
| CY2018Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
202737 | USD |
| CY2018Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
820339 | USD |
| CY2018Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1885748 | USD |
| CY2018Q2 | us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
|
19647 | USD |
| CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
287635 | USD |
| CY2018Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.284 | pure |
| CY2018Q2 | tpcs |
New Accounting Pronouncement Or Change In Accounting Principle Tax Effect
NewAccountingPronouncementOrChangeInAccountingPrincipleTaxEffect
|
7385 | USD |
| CY2017Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure |
| CY2018Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
| CY2018Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1700000 | USD |
| CY2018Q2 | us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Operating Results
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnOperatingResults
|
2500000 | USD |
| CY2018Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
4098823 | USD |
| CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
12500000 | USD |
| CY2018Q2 | tpcs |
Revenue Remaining Performance Obligation Completed Less Than50
RevenueRemainingPerformanceObligationCompletedLessThan50
|
11600000 | USD |
| CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.5 | pure |
| CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
| CY2018Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
1098100 | USD |
| CY2018Q2 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
2056414 | USD |
| CY2018Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
890802 | USD |
| CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
164385 | USD |
| CY2018Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
65029 | USD |
| CY2018Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
118339 | USD |
