$VIDE
VIDEO DISPLAY CORP

2018 Q1 Form 10-K Financial Statement

#000119312518176407 Filed on May 29, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2018 2017 Q4
Revenue $3.220M $11.94M $1.666M
YoY Change -53.99% -39.18% -68.56%
Cost Of Revenue $3.560M $11.35M $1.810M
YoY Change -64.65% -32.82% -58.88%
Gross Profit -$341.0K $590.0K -$144.0K
YoY Change -140.84% -78.46% -116.04%
Gross Profit Margin -10.59% 4.94% -8.64%
Selling, General & Admin $990.0K $4.258M $1.119M
YoY Change -41.76% -0.02% 10.36%
% of Gross Profit 721.69%
Research & Development $0.00
YoY Change -100.0%
% of Gross Profit 0.0%
Depreciation & Amortization $80.00K $261.0K $60.00K
YoY Change 33.33% 10.13% 0.0%
% of Gross Profit 44.24%
Operating Expenses $990.0K $4.258M $1.119M
YoY Change -41.76% -0.02% 10.36%
Operating Profit -$1.331M -$3.668M -$1.263M
YoY Change 53.87% 141.32% 988.79%
Interest Expense $10.00K -$3.000K $0.00
YoY Change -101.42% -100.0%
% of Operating Profit
Other Income/Expense, Net $80.00K $730.0K $55.00K
YoY Change -68.0% 36.96% -23.61%
Pretax Income -$1.250M -$2.938M -$1.208M
YoY Change -531.03% 197.67% 2645.45%
Income Tax $0.00 -$5.000K
% Of Pretax Income
Net Earnings -$1.248M -$2.938M -$1.203M
YoY Change 550.0% 192.05% 2573.33%
Net Earnings / Revenue -38.76% -24.6% -72.21%
Basic Earnings Per Share -$0.21 -$0.50 -$0.20
Diluted Earnings Per Share -$0.21 -$0.50 -$0.20
COMMON SHARES
Basic Shares Outstanding 5.890M 5.891M shares
Diluted Shares Outstanding 5.890M 5.891M shares

Balance Sheet

Concept 2018 Q1 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.0K $261.0K $390.0K
YoY Change -48.0% -48.11% -2.5%
Cash & Equivalents $81.00K $81.00K $115.0K
Short-Term Investments $180.0K $180.0K $270.0K
Other Short-Term Assets $70.00K $65.00K $80.00K
YoY Change -72.0% -73.58% -97.89%
Inventory $4.584M $4.584M $5.555M
Prepaid Expenses
Receivables $664.0K $664.0K $597.0K
Other Receivables $200.0K $191.0K $180.0K
Total Short-Term Assets $5.765M $5.765M $6.803M
YoY Change -39.53% -39.53% -34.62%
LONG-TERM ASSETS
Property, Plant & Equipment $1.463M $1.463M $1.492M
YoY Change 14.21% 14.21% 12.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $380.0K $375.0K $380.0K
YoY Change
Other Assets $26.00K $26.00K $26.00K
YoY Change 0.0% 0.0% 13.04%
Total Long-Term Assets $2.262M $2.262M $2.341M
YoY Change 19.24% 19.24% 16.24%
TOTAL ASSETS
Total Short-Term Assets $5.765M $5.765M $6.803M
Total Long-Term Assets $2.262M $2.262M $2.341M
Total Assets $8.027M $8.027M $9.144M
YoY Change -29.77% -29.77% -26.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.054M $1.054M $1.010M
YoY Change -24.55% -24.55% 49.41%
Accrued Expenses $877.0K $877.0K $815.0K
YoY Change 5.16% 5.16% 62.03%
Deferred Revenue $439.0K
YoY Change
Short-Term Debt $230.0K $227.0K $470.0K
YoY Change -4.17% -4.22%
Long-Term Debt Due $55.00K $346.0K $56.00K
YoY Change 1.85% 51.09% 3.7%
Total Short-Term Liabilities $3.003M $3.003M $2.744M
YoY Change -7.46% -3.9% -28.45%
LONG-TERM LIABILITIES
Long-Term Debt $23.00K $421.0K $36.00K
YoY Change -70.13% -36.88% -60.44%
Other Long-Term Liabilities $17.00K $17.00K $90.00K
YoY Change -90.56% -90.56% -57.14%
Total Long-Term Liabilities $40.00K $438.0K $36.00K
YoY Change -48.05% -48.29% -60.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.003M $3.003M $2.744M
Total Long-Term Liabilities $40.00K $438.0K $36.00K
Total Liabilities $3.441M $3.441M $3.318M
YoY Change -13.37% -13.37% -30.45%
SHAREHOLDERS EQUITY
Retained Earnings $13.31M $14.56M
YoY Change -18.08% -11.44%
Common Stock $7.549M $7.537M
YoY Change 0.94% 0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.27M $16.27M
YoY Change 0.02% 0.0%
Treasury Stock Shares $3.845M 3.841M shares
Shareholders Equity $4.586M $4.586M $5.826M
YoY Change
Total Liabilities & Shareholders Equity $8.027M $8.027M $9.144M
YoY Change -29.77% -29.77% -26.38%

Cashflow Statement

Concept 2018 Q1 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$1.248M -$2.938M -$1.203M
YoY Change 550.0% 192.05% 2573.33%
Depreciation, Depletion And Amortization $80.00K $261.0K $60.00K
YoY Change 33.33% 10.13% 0.0%
Cash From Operating Activities $300.0K $752.0K -$510.0K
YoY Change -190.91% -164.49% 218.75%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K $463.0K -$60.00K
YoY Change -40.0% 54.33% 20.0%
Acquisitions $100.0K
YoY Change
Other Investing Activities $460.0K -$267.0K -$200.0K
YoY Change 360.0% -196.39% 900.0%
Cash From Investing Activities $390.0K -$730.0K -$240.0K
YoY Change 3073.91% 242.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.000K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -730.0K -76.00K 670.0K
YoY Change -417.39% -110.43% -2333.33%
NET CHANGE
Cash From Operating Activities 300.0K 752.0K -510.0K
Cash From Investing Activities 390.0K -730.0K -240.0K
Cash From Financing Activities -730.0K -76.00K 670.0K
Net Change In Cash -40.00K -54.00K -80.00K
YoY Change -60.0% -88.26% -69.23%
FREE CASH FLOW
Cash From Operating Activities $300.0K $752.0K -$510.0K
Capital Expenditures -$60.00K $463.0K -$60.00K
Free Cash Flow $360.0K $289.0K -$450.0K
YoY Change -256.52% -119.71% 309.09%

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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
14000
CY2018Q1 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
0
CY2018Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
336000
CY2018Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
2733000
CY2018Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
33000
CY2018Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
5753000
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8706000
CY2018Q1 us-gaap Short Term Investments
ShortTermInvestments
180000
CY2018Q1 us-gaap Assets
Assets
8027000
CY2018Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
403000
CY2018Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
398000
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
26000
CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
65000
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
16272000
CY2018Q1 vide Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1.00 pure
CY2018Q1 vide Deferred Tax Assets Uniform Capitalization
DeferredTaxAssetsUniformCapitalization
88000
CY2018Q1 vide Shortterm Investments Gross
ShorttermInvestmentsGross
300000
CY2018Q1 vide Investment In Minority Interest
InvestmentInMinorityInterest
375000
CY2018Q1 vide Working Capital Net
WorkingCapitalNet
2762000
CY2018Q1 vide Margin Account Borrowing Outstanding
MarginAccountBorrowingOutstanding
100000
CY2018Q1 vide Deferred Tax Assets Amortizable Intangibles
DeferredTaxAssetsAmortizableIntangibles
19000
CY2018Q1 vide Deferred Tax Assets Liabilities Other Current
DeferredTaxAssetsLiabilitiesOtherCurrent
-1000
CY2018Q1 vide Accrued Customer Deposit And Accrued Liabilities Current
AccruedCustomerDepositAndAccruedLiabilitiesCurrent
1316000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69000 shares
CY2017 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.02 pure
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1166000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5891000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5891000 shares
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.07
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
14000 shares
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.018 pure
CY2017 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
300000
CY2017 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
200000
CY2017 us-gaap Investment Income Net
InvestmentIncomeNet
218000
CY2017 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
19639000
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1400000
CY2017 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
148000
CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1096000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
322000
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
533000
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1006000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-1520000
CY2017 us-gaap Notes Assumed1
NotesAssumed1
147000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-1006000
CY2017 us-gaap Interest Paid
InterestPaid
15000
CY2017 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
120000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-302000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1215000
CY2017 us-gaap Gain Loss On Investments
GainLossOnInvestments
218000
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-94000
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4000
CY2017 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
52000
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7000
CY2017 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-16000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20000
CY2017 us-gaap Gross Profit
GrossProfit
2739000
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
356000
CY2017 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
85000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
105000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-987000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
20000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2017 us-gaap Depreciation
Depreciation
237000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
237000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-23000
CY2017 us-gaap Notes Reduction
NotesReduction
147000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
4000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19000
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-370000
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
400000
CY2017 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
912000
CY2017 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1030000
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3229000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-160000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
729000
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
593000
CY2017 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
1373000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24000
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
100000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-460000
CY2017 us-gaap Cost Of Goods Sold
CostOfGoodsSold
16900000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
19000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
19000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
530000
CY2017 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-160000
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
91000
CY2017 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-185000
CY2017 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1000
CY2017 us-gaap Operating Expenses
OperatingExpenses
4259000
CY2017 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
146000
CY2017 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
100000
CY2017 vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0
CY2017 vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
CY2017 vide Noncash Investing And Financing Activities Imputed Interest Expense
NoncashInvestingAndFinancingActivitiesImputedInterestExpense
87000
CY2017 vide Noncash Investing And Financing Activities Imputed Interest Income
NoncashInvestingAndFinancingActivitiesImputedInterestIncome
87000
CY2017 vide Proceeds From Payments For Marginal Float
ProceedsFromPaymentsForMarginalFloat
-283000
CY2017 vide Provision For Inventory Reserves
ProvisionForInventoryReserves
1076000
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2018 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.02 pure
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018 dei Document Type
DocumentType
10-K
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.24 pure
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0000758743
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2018 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Interest rate of LIBOR plus 3.75%
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
927000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
CY2018 dei Trading Symbol
TradingSymbol
VIDE
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5890000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5890000 shares
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.00 pure
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2016-08-25
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.46
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.82
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
69000 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3600 shares
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.50
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-02-28
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2018 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.63 pure
CY2018 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0150 pure
CY2018 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-06-30
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
200000 shares
CY2018 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
1.24
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Use of Estimates</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Examples include provisions for returns, warranty reserves, bad debts, inventory reserves, valuations on deferred income tax assets, other intangible assets, accounting for percentage of completion contracts and the length of product life cycles and fixed asset lives. Actual results could vary from these estimates.</p> </div>
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2018 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y
CY2018 dei Entity Registrant Name
EntityRegistrantName
VIDEO DISPLAY CORP
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P7Y
CY2018 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Fiscal Year</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"> All references herein to &#x201C;2018&#x201D; and &#x201C;2017&#x201D; mean the fiscal years ended February&#xA0;28, 2018 and February&#xA0;28, 2017, respectively.</p> </div>
CY2018 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24000
CY2018 us-gaap Gross Profit
GrossProfit
590000
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1202000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
463000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
100000
CY2018 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
0
CY2018 us-gaap Investment Income Net
InvestmentIncomeNet
17000
CY2018 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
11944000
CY2018 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
100000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-3668000
CY2018 us-gaap Notes Assumed1
NotesAssumed1
175000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-2938000
CY2018 us-gaap Interest Paid
InterestPaid
20000
CY2018 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
120000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-884000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2109000
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
14000
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-21000
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
68000
CY2018 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
54000
CY2018 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-20000
CY2018 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-175000
CY2018 us-gaap Notes Reduction
NotesReduction
175000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
68000
CY2018 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
175000
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4000
CY2018 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
54000
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2301000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
733000
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
730000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2938000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-181000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2938000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1000
CY2018 us-gaap Contribution Of Property
ContributionOfProperty
113000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2018 us-gaap Depreciation
Depreciation
261000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
261000
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2243000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-730000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-780000
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
1100000
CY2018 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
967000
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3291000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
161000
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
42000
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1100000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-251000
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1192000
CY2018 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
2509000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
0
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2000
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-54000
CY2018 us-gaap Cost Of Goods Sold
CostOfGoodsSold
11354000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-31000
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1593000
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-335000
CY2018 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
21000
CY2018 us-gaap Operating Expenses
OperatingExpenses
4258000
CY2018 vide Service Period
ServicePeriod
P2Y
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
54000
CY2018 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
100000
CY2018 vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0
CY2018 vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
CY2018 vide Noncash Investing And Financing Activities Imputed Interest Expense
NoncashInvestingAndFinancingActivitiesImputedInterestExpense
62000
CY2018 vide Noncash Investing And Financing Activities Imputed Interest Income
NoncashInvestingAndFinancingActivitiesImputedInterestIncome
62000
CY2018 vide Proceeds From Payments For Marginal Float
ProceedsFromPaymentsForMarginalFloat
-8000
CY2018 vide Operating Loss Carryforward Expiration Year
OperatingLossCarryforwardExpirationYear
2038
CY2018 vide Provision For Inventory Reserves
ProvisionForInventoryReserves
569000
CY2018 vide Payments To Acquire Minority Interest
PaymentsToAcquireMinorityInterest
375000
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2017Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6998000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-192000
CY2017Q1 us-gaap Gross Profit
GrossProfit
835000
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2018Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3220000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-1248000
CY2018Q1 us-gaap Gross Profit
GrossProfit
-341000
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2016Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5299000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-45000
CY2016Q4 us-gaap Gross Profit
GrossProfit
898000
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2017Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1666000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-1203000
CY2017Q4 us-gaap Gross Profit
GrossProfit
-144000
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3710000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-391000
CY2016Q2 us-gaap Gross Profit
GrossProfit
416000
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3632000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-378000
CY2016Q3 us-gaap Gross Profit
GrossProfit
590000
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3897000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-266000
CY2017Q2 us-gaap Gross Profit
GrossProfit
597000
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2017Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3161000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-221000
CY2017Q3 us-gaap Gross Profit
GrossProfit
478000

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