2022 Q3 Form 10-Q Financial Statement

#000141057822002784 Filed on September 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $8.523M $7.076M $7.562M
YoY Change 77.65% 107.38% 87.66%
Cost Of Revenue $6.783M $6.259M $6.426M
YoY Change 75.42% 142.64% 107.54%
Gross Profit $1.740M $817.2K $1.135M
YoY Change 86.92% -1.86% 21.67%
Gross Profit Margin 20.41% 11.55% 15.01%
Selling, General & Admin $1.827M $1.375M $1.728M
YoY Change 55.67% 87.72% 171.98%
% of Gross Profit 105.03% 168.28% 152.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $531.2K $585.4K $481.9K
YoY Change 59.47% 220.43% 163.88%
% of Gross Profit 30.54% 71.63% 42.46%
Operating Expenses $1.827M $1.375M $1.728M
YoY Change 55.67% 87.72% 171.99%
Operating Profit -$87.42K -$558.0K -$592.8K
YoY Change -64.02% -657.67% -299.14%
Interest Expense $83.73K $83.65K -$87.88K
YoY Change 47.17% 179.96% 107.02%
% of Operating Profit
Other Income/Expense, Net $613.9K -$116.9K -$41.78K
YoY Change -1198.31% -109.01% -1343.45%
Pretax Income $526.5K -$674.9K -$402.4K
YoY Change -276.14% -148.29% -255.63%
Income Tax $135.5K -$173.7K $193.4K
% Of Pretax Income 25.74%
Net Earnings $390.9K -$501.2K -$595.8K
YoY Change -277.37% -136.55% -378.07%
Net Earnings / Revenue 4.59% -7.08% -7.88%
Basic Earnings Per Share $0.01 -$0.01
Diluted Earnings Per Share $0.01 -$0.01 -$17.33K
COMMON SHARES
Basic Shares Outstanding 34.31M 34.31M 34.29M
Diluted Shares Outstanding 35.99M 34.31M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $235.4K $573.6K $1.052M
YoY Change -16.33% -74.35% -50.62%
Cash & Equivalents $235.4K $573.6K $1.052M
Short-Term Investments
Other Short-Term Assets $1.010M $728.1K $1.421M
YoY Change 65.08% 93.72% 274.62%
Inventory $2.517M $2.900M $2.235M
Prepaid Expenses
Receivables $2.040M $2.507M $11.36M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.02M $15.51M $16.07M
YoY Change 3.3% 61.32% 61.94%
LONG-TERM ASSETS
Property, Plant & Equipment $12.86M $12.94M $19.54M
YoY Change 4.54% 233.0% 380.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $695.4K $680.3K $2.248M
YoY Change -64.99% 723.59% 2556.49%
Total Long-Term Assets $21.78M $22.14M $21.78M
YoY Change -1.66% 276.78% 258.17%
TOTAL ASSETS
Total Short-Term Assets $15.02M $15.51M $16.07M
Total Long-Term Assets $21.78M $22.14M $21.78M
Total Assets $36.80M $37.65M $37.85M
YoY Change 0.31% 143.03% 136.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.699M $3.908M $3.427M
YoY Change 33.17% 2202.03% 584.22%
Accrued Expenses $2.477M $3.458M $2.754M
YoY Change 6.71% 224.21% 80.44%
Deferred Revenue $1.806M $1.786M $1.765M
YoY Change 62.17% 317.03% 709.22%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.030M $3.084M $4.093M
YoY Change -20.06% 25.88% 65.38%
Total Short-Term Liabilities $11.69M $12.87M $13.31M
YoY Change 10.94% 212.67% 182.08%
LONG-TERM LIABILITIES
Long-Term Debt $2.864M $2.990M $3.115M
YoY Change -14.04% 10053.02% 132.12%
Other Long-Term Liabilities $1.300M $1.300M $6.159M
YoY Change -78.93%
Total Long-Term Liabilities $4.164M $4.290M $9.274M
YoY Change 24.99% 14467.28% 591.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.69M $12.87M $13.31M
Total Long-Term Liabilities $4.164M $4.290M $9.274M
Total Liabilities $21.35M $22.83M $22.59M
YoY Change 6.57% 450.96% 272.62%
SHAREHOLDERS EQUITY
Retained Earnings $512.3K $121.4K $622.6K
YoY Change -75.87% -94.82% -35.98%
Common Stock $3.444K $3.430K $3.430K
YoY Change 0.53% 16.31% 16.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.45M $14.81M $15.26M
YoY Change
Total Liabilities & Shareholders Equity $36.80M $37.65M $37.85M
YoY Change 0.31% 143.03% 136.52%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $390.9K -$501.2K -$595.8K
YoY Change -277.37% -136.55% -378.07%
Depreciation, Depletion And Amortization $531.2K $585.4K $481.9K
YoY Change 59.47% 220.43% 163.88%
Cash From Operating Activities $174.5K $1.449M $1.906M
YoY Change -114.5% 957.1% 95.45%
INVESTING ACTIVITIES
Capital Expenditures -$310.5K $204.0K -$502.5K
YoY Change -13.46% 4759.0% 611.51%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$310.5K -$763.0K -$502.5K
YoY Change -96.19% 18074.87% 723.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $154.1K
YoY Change 467.35%
Cash From Financing Activities -202.3K -1.164M -914.4K
YoY Change -102.73% 4185.71% 2239.14%
NET CHANGE
Cash From Operating Activities 174.5K 1.449M 1.906M
Cash From Investing Activities -310.5K -763.0K -502.5K
Cash From Financing Activities -202.3K -1.164M -914.4K
Net Change In Cash -338.2K -478.5K 489.7K
YoY Change -82.7% -552.85% -44.06%
FREE CASH FLOW
Cash From Operating Activities $174.5K $1.449M $1.906M
Capital Expenditures -$310.5K $204.0K -$502.5K
Free Cash Flow $485.0K $1.245M $2.409M
YoY Change -157.42% 836.96% 130.28%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001328792
CY2022Q2 dei Amendment Flag
AmendmentFlag
false
CY2022Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2022Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2022Q2 dei Trading Symbol
TradingSymbol
TPCS
CY2022Q2 dei Security12b Title
Security12bTitle
None
CY2022Q2 dei Security Exchange Name
SecurityExchangeName
NONE
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2000000
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34307450
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34307450
CY2022Q2 dei Document Type
DocumentType
10-Q
CY2022Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q2 dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
CY2022Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q2 dei Entity File Number
EntityFileNumber
000-51378
CY2022Q2 dei Entity Registrant Name
EntityRegistrantName
TechPrecision Corporation
CY2022Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
51-0539828
CY2022Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
1 Bella Drive
CY2022Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Westminster
CY2022Q2 dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
CY2022Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
01473
CY2022Q2 dei City Area Code
CityAreaCode
978
CY2022Q2 dei Local Phone Number
LocalPhoneNumber
874-0591
CY2022Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q2 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q2 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q2 dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34307450
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
573638
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1052139
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2507367
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3009249
CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8802642
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8350231
CY2022Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
1037969
CY2022Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
874538
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1861898
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1360137
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
728065
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
1421459
CY2022Q2 us-gaap Assets Current
AssetsCurrent
15511579
CY2022Q1 us-gaap Assets Current
AssetsCurrent
16067753
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12936156
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13153165
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
6219245
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
6383615
CY2022Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
2300484
CY2022Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
2126770
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
680256
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
121256
CY2022Q2 us-gaap Assets
Assets
37647720
CY2022Q1 us-gaap Assets
Assets
37852559
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
3908129
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
3426921
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3458285
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3435866
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1786402
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1765319
CY2022Q2 tpcs Lease Liability Current
LeaseLiabilityCurrent
629113
CY2022Q1 tpcs Lease Liability Current
LeaseLiabilityCurrent
593808
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3083956
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4093079
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
12865885
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
13314993
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2990063
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3114936
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5678788
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5853791
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1298274
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
305071
CY2022Q2 us-gaap Liabilities
Liabilities
22833010
CY2022Q1 us-gaap Liabilities
Liabilities
22588791
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
34307450
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
34307450
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
3430
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
3430
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
14689878
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
14637771
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
121402
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
622567
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
14814710
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
15263768
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
37647720
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
37852559
CY2022Q2 us-gaap Revenues
Revenues
7076357
CY2021Q2 us-gaap Revenues
Revenues
3412229
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6259139
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2579561
CY2022Q2 us-gaap Gross Profit
GrossProfit
817218
CY2021Q2 us-gaap Gross Profit
GrossProfit
832668
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1375227
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
732608
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-558009
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
100060
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-33225
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10390
CY2022Q2 us-gaap Interest Expense
InterestExpense
83645
CY2021Q2 us-gaap Interest Expense
InterestExpense
29878
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1317100
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-116870
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1297612
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-674879
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1397672
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-173714
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26580
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-501165
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1371092
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
42
CY2021Q2 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
42
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-501165
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1371134
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34307450
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29498662
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34307450
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31054110
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
9941848
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
33500
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
1371092
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
42
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
11346482
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
15263768
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
52107
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-501165
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
14814710
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-501165
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1371092
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
585361
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
182678
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
13399
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
8824
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
52107
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
33500
CY2022Q2 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
-18402
CY2021Q2 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
69951
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-173714
CY2021Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
26580
CY2022Q2 tpcs Gain Loss From Contingent Consideration
GainLossFromContingentConsideration
33474
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1317100
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-501882
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
547344
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
452411
CY2021Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-716600
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
665192
CY2021Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-239012
CY2022Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-693394
CY2021Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-3607
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
481208
CY2021Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-331079
CY2022Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-85348
CY2021Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-389586
CY2022Q2 tpcs Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
21083
CY2021Q2 tpcs Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
210215
CY2022Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
993203
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1448735
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
137048
CY2022Q2 tpcs Deposit For Fixed Assets
DepositForFixedAssets
559000
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
203981
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4198
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-762981
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4198
CY2022Q2 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
6268
CY2022Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
16860
CY2022Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
987002
CY2022Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
154125
CY2021Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
27166
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1164255
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27166
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-20
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-478501
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
105664
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1052139
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2130711
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
573638
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2236375
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
69799
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
32746
CY2022Q2 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">NOTE 1 - DESCRIPTION OF BUSINESS</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">TechPrecision Corporation, or “TechPrecision”, is a Delaware corporation organized in February 2005 under the name Lounsberry Holdings II, Inc. On February 24, 2006, we acquired all the issued and outstanding capital stock of our wholly owned subsidiary Ranor, Inc., or “Ranor.” Ranor, together with its predecessors, has been in continuous operation since 1956. The name was changed to TechPrecision Corporation on March 6, 2006.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">TechPrecision is the parent company of Ranor, Westminster Credit Holdings, LLC, or “WCH”, Stadco New Acquisition, LLC, or “Acquisition Sub”, Stadco and Wuxi Critical Mechanical Components Co., Ltd., or “WCMC”, a wholly foreign owned enterprise. WCMC was dissolved and deregistered in November 2021 and has had no customers or operations for over five years. TechPrecision, Ranor, WCH, WCMC (until November 2021), Acquisition Sub and Stadco are collectively referred to as the “Company”, “we”, “us” or “our”.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">On August 25, 2021, the Company completed its previously announced acquisition of Stadco, pursuant to that certain stock purchase agreement with Stadco New Acquisition, LLC, Stadco Acquisition, LLC, Stadco and each equity holder of Stadco Acquisition, LLC. On the closing date, the Company, through Stadco New Acquisition, LLC, acquired all the issued and outstanding capital stock of Stadco from Stadco Acquisition, LLC in exchange for the issuance of shares of the Company’s common stock to Stadco Acquisition, LLC. As a result of the acquisition, Stadco is now our wholly owned indirect subsidiary. See Note 3 for additional disclosures related to this business combination.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">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. All our operations and customers are in the United States, or “U.S.”.</p>
CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Use of Estimates in the Preparation of Financial Statements - </i>In preparing the condensed consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and revenues and expenses during the reported period. We continually evaluate our estimates, including those related to revenue recognition and income taxes. We base our estimates on historical and current experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from those estimates.</p>
CY2022Q2 tpcs Liquidity On Net Income Loss
LiquidityOnNetIncomeLoss
-500000
CY2022 tpcs Liquidity On Net Income Loss
LiquidityOnNetIncomeLoss
-300000
CY2022Q2 us-gaap Cash
Cash
4500000
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
600000
CY2022Q1 us-gaap Cash
Cash
3900000
CY2022Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
1100000
CY2022Q2 tpcs Capital Expenditure
CapitalExpenditure
1500000
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
600000
CY2022Q2 tpcs Working Capital
WorkingCapital
2600000
CY2022Q2 tpcs Decrease Of Working Capital
DecreaseOfWorkingCapital
200000
CY2022Q2 tpcs Cash Refunds On Employee Benefits
CashRefundsOnEmployeeBenefits
900000
CY2022Q2 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
300000
CY2022Q2 us-gaap Debt Instrument Unused Borrowing Capacity Amount
DebtInstrumentUnusedBorrowingCapacityAmount
3900000
CY2022Q2 tpcs Warrants Vesting Period
WarrantsVestingPeriod
P3Y
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.43
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
46256
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
96909
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability Measurement Input
BusinessCombinationContingentConsiderationLiabilityMeasurementInput
50.0
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7076357
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3412229
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7076357
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3412229
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
45900000
CY2022Q2 tpcs Revenue Remaining Performance Obligation Completed Less Than50
RevenueRemainingPerformanceObligationCompletedLessThan50
43600000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.50
CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8802642
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8350231
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-173714
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26580
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.257
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.02
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1300000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-501165
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1371092
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34307450
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29498662
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-501165
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1371092
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1555448
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34307450
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31054110
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q2 tpcs Finance Lease Liabilities
FinanceLeaseLiabilities
6307901
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2719000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.372
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2476300
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M13D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
49000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2670000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.343
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3597700
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y7M28D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2670000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.343
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3130450
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y5M1D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2670000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.343
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
3130450
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y5M1D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2670000
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.343
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3130450
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y5M1D
CY2022Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2670000
CY2022Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2670000
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
34000
CY2022Q2 us-gaap Prepaid Taxes
PrepaidTaxes
4222
CY2022Q1 us-gaap Prepaid Taxes
PrepaidTaxes
26497
CY2022Q2 tpcs Erc Refundable Credits
ErcRefundableCredits
347208
CY2022Q1 tpcs Erc Refundable Credits
ErcRefundableCredits
1093661
CY2022Q2 us-gaap Prepaid Insurance
PrepaidInsurance
148878
CY2022Q1 us-gaap Prepaid Insurance
PrepaidInsurance
184275
CY2022Q2 tpcs Prepaid Subscriptions
PrepaidSubscriptions
132113
CY2022Q1 tpcs Prepaid Subscriptions
PrepaidSubscriptions
66098
CY2022Q2 us-gaap Supplies
Supplies
21100
CY2022Q1 us-gaap Supplies
Supplies
21100
CY2022Q2 us-gaap Due From Employees Current
DueFromEmployeesCurrent
12517
CY2022Q1 us-gaap Due From Employees Current
DueFromEmployeesCurrent
9668
CY2022Q2 tpcs Prepaid Advisory Fees Other
PrepaidAdvisoryFeesOther
62027
CY2022Q1 tpcs Prepaid Advisory Fees Other
PrepaidAdvisoryFeesOther
20160
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
728065
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
1421459
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
24464147
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
24260166
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
11527991
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
11107001
CY2022Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
12936156
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
13153165
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
939530
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
947938
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
935382
CY2022Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
935382
CY2022Q2 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
358674
CY2022Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
340272
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
316758
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
513379
CY2022Q2 tpcs Accrued Project Costs
AccruedProjectCosts
576175
CY2022Q1 tpcs Accrued Project Costs
AccruedProjectCosts
487869
CY2022Q2 tpcs Accrued Contingent Consideration Current
AccruedContingentConsiderationCurrent
96909
CY2022Q1 tpcs Accrued Contingent Consideration Current
AccruedContingentConsiderationCurrent
63436
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
234857
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
147590
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3458285
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3435866
CY2022Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
800000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6214793
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7355920
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
140774
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
147905
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
6074019
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
7208015
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3083956
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4093079
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2990063
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3114936
CY2022Q2 tpcs Late Charge Fee Percentage
LateChargeFeePercentage
5
CY2022Q2 tpcs Default Interest Rate
DefaultInterestRate
5
CY2022Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0275
CY2022Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0267
CY2021 tpcs Line Of Credit Facility Unused Borrowing Capacity
LineOfCreditFacilityUnusedBorrowingCapacity
2800000
CY2022Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
77021
CY2021Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
76288
CY2022Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1300000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
300000
CY2022Q2 tpcs Other Lease Assets And Lease Liabilities
OtherLeaseAssetsAndLeaseLiabilities
6600000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
158071
CY2021Q2 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1234
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6300
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2283
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
544
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
362
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.037
CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.032
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2022Q2 tpcs Payments From Operating Activities Relating To Leases
PaymentsFromOperatingActivitiesRelatingToLeases
193393
CY2021Q2 tpcs Payments From Operating Activities Relating To Leases
PaymentsFromOperatingActivitiesRelatingToLeases
1596
CY2022Q2 tpcs Payments From Financing Activities Relating To Leases
PaymentsFromFinancingActivitiesRelatingToLeases
16860
CY2021Q2 tpcs Payments From Financing Activities Relating To Leases
PaymentsFromFinancingActivitiesRelatingToLeases
2113
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
911059
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
952881
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
948701
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
946226
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
938801
CY2022Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2738171
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
7435839
CY2022Q2 tpcs Finance Lease Liability Imputed Interest
FinanceLeaseLiabilityImputedInterest
-1127938
CY2022Q2 tpcs Employee Agreement Annual Commitment For Future Salaries During Next Fiscal Year
EmployeeAgreementAnnualCommitmentForFutureSalariesDuringNextFiscalYear
600000
CY2022Q2 tpcs Employee Agreement Annual Commitment For Vacation And Holiday
EmployeeAgreementAnnualCommitmentForVacationAndHoliday
800000
CY2022Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
22123
CY2021Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
21388
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7076357
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3412229
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-558009
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
100060
CY2022Q2 us-gaap Interest Expense Other
InterestExpenseOther
116870
CY2021Q2 us-gaap Interest Expense Other
InterestExpenseOther
19488
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1317100
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-674879
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1397672
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
585361
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
182678
CY2022Q2 tpcs Capital Expenditures From Purchase Of Fixed Assets
CapitalExpendituresFromPurchaseOfFixedAssets
203981
CY2021Q2 tpcs Capital Expenditures From Purchase Of Fixed Assets
CapitalExpendituresFromPurchaseOfFixedAssets
4198

Files In Submission

Name View Source Status
0001410578-22-002784-index-headers.html Edgar Link pending
0001410578-22-002784-index.html Edgar Link pending
0001410578-22-002784.txt Edgar Link pending
0001410578-22-002784-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tpcs-20220630.xsd Edgar Link pending
tpcs-20220630x10q.htm Edgar Link pending
tpcs-20220630xex31d1.htm Edgar Link pending
tpcs-20220630xex31d2.htm Edgar Link pending
tpcs-20220630xex32d1.htm Edgar Link pending
tpcs-20220630_cal.xml Edgar Link unprocessable
tpcs-20220630_def.xml Edgar Link unprocessable
tpcs-20220630_lab.xml Edgar Link unprocessable
tpcs-20220630_pre.xml Edgar Link unprocessable
tpcs-20220630x10q_htm.xml Edgar Link completed