$VIDE
VIDEO DISPLAY CORP

2019 Q2 Form 10-Q Financial Statement

#000119312519193988 Filed on July 15, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q2
Revenue $2.709M $3.511M $4.021M
YoY Change -32.63% 9.04% 3.18%
Cost Of Revenue $2.284M $2.442M $3.025M
YoY Change -24.5% -31.4% -8.33%
Gross Profit $425.0K $1.069M $996.0K
YoY Change -57.33% -413.49% 66.83%
Gross Profit Margin 15.69% 30.45% 24.77%
Selling, General & Admin $1.034M $1.285M $1.090M
YoY Change -5.14% 29.8% -2.94%
% of Gross Profit 243.29% 120.21% 109.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.00K $57.00K $62.00K
YoY Change -9.68% -28.75% 6.9%
% of Gross Profit 13.18% 5.33% 6.22%
Operating Expenses $1.034M $1.285M $1.090M
YoY Change -5.14% 29.8% -2.94%
Operating Profit -$609.0K -$216.0K -$94.00K
YoY Change 547.87% -83.77% -82.13%
Interest Expense $2.000K -$11.00K -$40.00K
YoY Change -105.0% -210.0%
% of Operating Profit
Other Income/Expense, Net $283.0K $174.0K $148.0K
YoY Change 91.22% 117.5% -44.57%
Pretax Income -$326.0K -$53.00K $54.00K
YoY Change -703.7% -95.76% -120.85%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$326.0K -$52.00K $54.00K
YoY Change -703.7% -95.83% -120.3%
Net Earnings / Revenue -12.03% -1.48% 1.34%
Basic Earnings Per Share -$0.06 -$0.01 $0.01
Diluted Earnings Per Share -$0.06 -$0.01 $0.01
COMMON SHARES
Basic Shares Outstanding 5.878M 5.882M
Diluted Shares Outstanding 5.878M 6.073M

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $620.0K $410.0K $270.0K
YoY Change 129.63% 57.69% -52.63%
Cash & Equivalents $609.0K $410.0K $168.0K
Short-Term Investments $11.00K $0.00 $100.0K
Other Short-Term Assets $871.0K $476.0K $80.00K
YoY Change 988.75% 580.0% -60.0%
Inventory $3.257M $3.451M $4.457M
Prepaid Expenses
Receivables $1.357M $1.746M $1.807M
Other Receivables $214.0K $209.0K $190.0K
Total Short-Term Assets $6.319M $6.292M $6.807M
YoY Change -7.17% 9.14% -20.12%
LONG-TERM ASSETS
Property, Plant & Equipment $1.353M $1.321M $1.406M
YoY Change -3.77% -9.71% 3.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0%
Other Assets $5.000K $5.000K $26.00K
YoY Change -80.77% -80.77% 0.0%
Total Long-Term Assets $3.483M $1.515M $1.780M
YoY Change 95.67% -33.02% -7.58%
TOTAL ASSETS
Total Short-Term Assets $6.319M $6.292M $6.807M
Total Long-Term Assets $3.483M $1.515M $1.780M
Total Assets $9.802M $7.807M $8.587M
YoY Change 14.15% -2.74% -17.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.121M $1.008M $1.636M
YoY Change -31.48% -4.36% 69.53%
Accrued Expenses $337.0K $382.0K $628.0K
YoY Change -46.34% -56.44% -25.86%
Deferred Revenue $1.245M $1.100M
YoY Change 150.57%
Short-Term Debt $0.00 $0.00 $60.00K
YoY Change -100.0% -100.0% -82.86%
Long-Term Debt Due $23.00K $56.00K
YoY Change -58.18% 1.82%
Total Short-Term Liabilities $3.880M $2.938M $3.190M
YoY Change 21.63% -2.16% 29.67%
LONG-TERM LIABILITIES
Long-Term Debt $9.000K
YoY Change -85.94%
Other Long-Term Liabilities $12.00K $19.00K $49.00K
YoY Change -75.51% 11.76% -67.33%
Total Long-Term Liabilities $12.00K $19.00K $58.00K
YoY Change -79.31% -52.5% -9.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.880M $2.938M $3.190M
Total Long-Term Liabilities $12.00K $19.00K $58.00K
Total Liabilities $5.465M $3.146M $3.953M
YoY Change 38.25% -8.57% 22.84%
SHAREHOLDERS EQUITY
Retained Earnings $13.05M $13.38M $13.36M
YoY Change -2.34% 0.5% -16.38%
Common Stock $7.569M $7.567M $7.553M
YoY Change 0.21% 0.24% 0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.28M $16.28M $16.28M
YoY Change 0.0% 0.06% 0.09%
Treasury Stock Shares $3.854M $3.854M 3.854M shares
Shareholders Equity $4.337M $4.661M $4.634M
YoY Change
Total Liabilities & Shareholders Equity $9.802M $7.807M $8.587M
YoY Change 14.15% -2.74% -17.81%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q2
OPERATING ACTIVITIES
Net Income -$326.0K -$52.00K $54.00K
YoY Change -703.7% -95.83% -120.3%
Depreciation, Depletion And Amortization $56.00K $57.00K $62.00K
YoY Change -9.68% -28.75% 6.9%
Cash From Operating Activities $319.0K $934.0K -$373.0K
YoY Change -185.52% 211.33% 2386.67%
INVESTING ACTIVITIES
Capital Expenditures $88.00K -$122.0K $5.000K
YoY Change 1660.0% 103.33% -75.0%
Acquisitions
YoY Change
Other Investing Activities -$9.000K $63.00K $410.0K
YoY Change -102.2% -86.3% 156.25%
Cash From Investing Activities -$97.00K -$59.00K $403.0K
YoY Change -124.07% -115.13% 198.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.00K -499.0K 57.00K
YoY Change -140.35% -31.64% -283.87%
NET CHANGE
Cash From Operating Activities 319.0K 934.0K -373.0K
Cash From Investing Activities -97.00K -59.00K 403.0K
Cash From Financing Activities -23.00K -499.0K 57.00K
Net Change In Cash 199.0K 376.0K 87.00K
YoY Change 128.74% -1040.0% -2.25%
FREE CASH FLOW
Cash From Operating Activities $319.0K $934.0K -$373.0K
Capital Expenditures $88.00K -$122.0K $5.000K
Free Cash Flow $231.0K $1.056M -$378.0K
YoY Change -161.11% 193.33% 980.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5000
CY2019Q2 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
134000
CY2019Q1 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
189000
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5000
CY2019Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
382000
CY2019Q2 us-gaap Assets
Assets
9802000
CY2019Q1 us-gaap Assets
Assets
7807000
CY2019Q1 us-gaap Short Term Investments
ShortTermInvestments
CY2019Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1357000
CY2019Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1746000
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
871000
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
476000
CY2019Q2 us-gaap Assets Current
AssetsCurrent
6319000
CY2019Q1 us-gaap Assets Current
AssetsCurrent
6292000
CY2019Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1121000
CY2019Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1008000
CY2019Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
134000
CY2019Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
189000
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12000
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
19000
CY2019Q2 us-gaap Liabilities
Liabilities
5465000
CY2019Q1 us-gaap Liabilities
Liabilities
3146000
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9802000
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7807000
CY2019Q2 us-gaap Land
Land
154000
CY2019Q1 us-gaap Land
Land
154000
CY2019Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2831000
CY2019Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
2760000
CY2019Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
5717000
CY2019Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
5732000
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8807000
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8719000
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7454000
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7398000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1353000
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1321000
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
337000
CY2019Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1245000
CY2019Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
865000
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3880000
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
2938000
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q2 us-gaap Common Stock Value
CommonStockValue
7293000
CY2019Q1 us-gaap Common Stock Value
CommonStockValue
7293000
CY2019Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
276000
CY2019Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
274000
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13050000
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13376000
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
16282000
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
16282000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2709000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4021000
CY2019Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2284000
CY2018Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3025000
CY2019Q2 us-gaap Gross Profit
GrossProfit
425000
CY2018Q2 us-gaap Gross Profit
GrossProfit
996000
CY2019Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
165000
CY2018Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
249000
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
869000
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
841000
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
1034000
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
1090000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-609000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-94000
CY2019Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6000
CY2019Q2 us-gaap Investment Income Net
InvestmentIncomeNet
2000
CY2018Q2 us-gaap Investment Income Net
InvestmentIncomeNet
-38000
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
281000
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
192000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-326000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
54000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56000
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
62000
CY2019Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-9000
CY2018Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
13000
CY2019Q2 vide Provision For Inventory Reserves
ProvisionForInventoryReserves
15000
CY2018Q2 vide Provision For Inventory Reserves
ProvisionForInventoryReserves
82000
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2000
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4000
CY2019Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
2000
CY2018Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
51000
CY2019Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-398000
CY2018Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1157000
CY2019Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-179000
CY2019Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
105000
CY2019Q2 vide Contract Liabilities Current
ContractLiabilitiesCurrent
190000
CY2019Q2 vide Notes Payable For Acquisition
NotesPayableForAcquisition
100000
CY2019Q1 vide Notes Payable For Acquisition
NotesPayableForAcquisition
100000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-326000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
54000
CY2018Q2 vide Deferred Rental Income
DeferredRentalIncome
30000
CY2018Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-45000
CY2019Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
395000
CY2018Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14000
CY2019Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
380000
CY2018Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-177000
CY2019Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
68000
CY2018Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
571000
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
319000
CY2018Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-373000
CY2019Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
88000
CY2018Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5000
CY2019Q2 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
9000
CY2018Q2 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
906000
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-97000
CY2018Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
403000
CY2019Q2 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
23000
CY2018Q2 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
14000
CY2018Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
31000
CY2018Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10000
CY2018Q2 vide Proceeds From Payments For Marginal Float
ProceedsFromPaymentsForMarginalFloat
-106000
CY2019Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23000
CY2018Q2 us-gaap Interest Paid Net
InterestPaidNet
6000
CY2018Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
57000
CY2019Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
199000
CY2018Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
87000
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
410000
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
81000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
609000
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
168000
CY2019Q2 vide Working Capital Net
WorkingCapitalNet
2439000
CY2019Q1 vide Working Capital Net
WorkingCapitalNet
3354000
CY2019Q2 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
620000
CY2019Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
410000
CY2019Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
3119000
CY2019Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
2973000
CY2019Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
370000
CY2019Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
706000
CY2019Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
642000
CY2019Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
631000
CY2019Q2 us-gaap Inventory Gross
InventoryGross
4131000
CY2019Q1 us-gaap Inventory Gross
InventoryGross
4310000
CY2019Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
874000
CY2019Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
859000
CY2019Q2 us-gaap Inventory Net
InventoryNet
3257000
CY2019Q1 us-gaap Inventory Net
InventoryNet
3451000
CY2019Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0425
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
CY2019Q1 us-gaap Long Term Debt
LongTermDebt
23000
CY2019Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
23000
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
CY2019Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
CY2019Q2 us-gaap Interest Paid Net
InterestPaidNet
CY2019Q2 us-gaap Notes Reduction
NotesReduction
51000
CY2018Q2 us-gaap Notes Reduction
NotesReduction
46000
CY2019Q2 us-gaap Notes Assumed1
NotesAssumed1
51000
CY2018Q2 us-gaap Notes Assumed1
NotesAssumed1
46000
CY2019Q2 vide Noncash Investing And Financing Activities Imputed Interest Expense
NoncashInvestingAndFinancingActivitiesImputedInterestExpense
6000
CY2018Q2 vide Noncash Investing And Financing Activities Imputed Interest Expense
NoncashInvestingAndFinancingActivitiesImputedInterestExpense
13000
CY2019Q2 vide Noncash Investing And Financing Activities Imputed Interest Income
NoncashInvestingAndFinancingActivitiesImputedInterestIncome
6000
CY2018Q2 vide Noncash Investing And Financing Activities Imputed Interest Income
NoncashInvestingAndFinancingActivitiesImputedInterestIncome
13000
CY2019Q2 us-gaap Short Term Investments
ShortTermInvestments
11000
CY2019Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
73000
CY2019Q1 vide Contract Liabilities Current
ContractLiabilitiesCurrent
235000
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
557000
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1439000
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7000
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16000
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
3854000
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3854000
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
283000
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
148000
CY2018Q2 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
357000
CY2018Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
201000
CY2019Q2 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
interest rate of LIBOR plus 3.75%
CY2019Q2 vide Margin Account Borrowing Outstanding
MarginAccountBorrowingOutstanding
1300
CY2019Q2 vide Short Term Investments Gross
ShortTermInvestmentsGross
12000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-326000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5878000
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2019Q2 vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
CY2019Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0
CY2019Q2 vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-326000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5878000
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
54000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5882000
CY2018Q2 vide Earnings Per Share Dilutive Effect Of Stock Options Amount
EarningsPerShareDilutiveEffectOfStockOptionsAmount
0
CY2018Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
191000
CY2018Q2 vide Earnings Per Share Dilutive Effect Of Stock Options
EarningsPerShareDilutiveEffectOfStockOptions
0
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
54000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6073000
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
5000
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
21000
CY2019Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2632500
CY2014Q1 vide Stock Repurchase Program Additional Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramAdditionalNumberOfSharesAuthorizedToBeRepurchased
1500000
CY2018Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8858
CY2018Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
1.12
CY2019Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
490186
CY2019Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2019Q2 dei Trading Symbol
TradingSymbol
VIDE
CY2019Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2019Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5878290
CY2019Q2 dei Security Exchange Name
SecurityExchangeName
NONE
CY2019Q2 dei Security12b Title
Security12bTitle
Common Stock
CY2019Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2019Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2019Q1 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2019Q1 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9732000
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9732000
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5878000
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5878000
CY2019Q2 vide Number Of Business Merged Under Restructuring Plan
NumberOfBusinessMergedUnderRestructuringPlan
2
CY2019Q1 vide Margin Account Borrowing Outstanding
MarginAccountBorrowingOutstanding
0
CY2019Q2 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2019-08-15
CY2019Q2 dei Entity Address Country
EntityAddressCountry
GE
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1991000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
4661000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-326000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
4337000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
4586000
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
4634000
CY2019Q2 vide Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
-45000
CY2018Q2 vide Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
225000
CY2019Q2 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family: &quot;times new roman&quot;, serif; margin-bottom: 6pt; margin-top: 0pt; padding-top: 0pt; padding-bottom: 0pt;"><div style="font-weight:bold;display:inline;width:100%;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Note 4. &#8211; Recent Accounting Pronouncements </div></div></div><div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:6pt; margin-bottom:0pt; text-indent:4%">Effective March&#160;1, 2019 we adopted Accounting Standards Update (&#8220;ASU&#8221;)&#160;No.&#160;2016-02,&#160;<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Leases (Topic 842),&#160;</div>as amended by ASU&#160;2018-01,&#160;<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Leases (Topic 842) &#8211; Land Easement Practical Expedient for Transition to Topic 842,</div>&#160;ASU&#160;2018-10,<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;Codification Improvements to Topic 842</div>, ASU&#160;2018-11,&#160;<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Leases (Topic 842) &#8211; Targeted Improvements,&#160;</div>ASU&#160;2018-20,&#160;<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Leases (Topic 842) &#8211; Narrow-Scope Improvements for Lessors</div>, and<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">&#160;</div>ASU&#160;2019-01,&#160;<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Leases (Topic 842) &#8211; Codification Improvements</div>, (collectively, the new leases standard or Topic 842). The new standard establishes a&#160;right-of-use&#160;(&#8220;ROU&#8221;) model that requires lessees to record ROU assets and lease obligations on the balance sheet for all leases with terms longer than 12 months.</div><div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:12pt; margin-bottom:0pt; text-indent:4%">We adopted Topic 842 using the modified retrospective method and utilized the optional transition method under which we continue to apply the legacy guidance in ASC 840,&#160;<div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Leases</div>, including its disclosure requirements, in the comparative period presented. Therefore, the adjustment to recognize the Company&#8217;s leases on the balance sheet related to the adoption of the new standard was recorded as of the adoption date and prior periods were not restated.</div><div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:12pt; margin-bottom:0pt; text-indent:4%">As part of the adoption of Topic 842, we elected to adopt certain of the optional practical expedients, including the package of practical expedients, which, among other things, gives us the option to not reassess: 1) whether expired or existing contracts are or contain leases; 2) the lease classification for expired or existing leases; and 3) initial direct costs for existing leases. We also elected the practical expedient to not separate lease and&#160;non-lease&#160;components, which allows us to account for lease and&#160;non-lease&#160;components as a single lease component. We did not elect the hindsight practical expedient in our determination of the lease term for existing leases; therefore, the original lease terms, as determined under ASC 840, were used in the calculation of the Company&#8217;s initial Topic 842 lease liabilities.</div><div style="font-size:10pt; color:#000000; font-family:'times new roman'; font-style:normal; font-variant-ligatures:normal; font-variant-caps:normal; font-weight:400; letter-spacing:normal; orphans:2; text-align:start; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin-top:12pt; margin-bottom:0pt; text-indent:4%">Adoption of the new standard resulted in the recognition of operating lease assets and operating lease liabilities of approximately $2.1&#160;million as of March&#160;1, 2019. The adoption of this standard did not have an impact on retained earnings, the condensed consolidated statements of operations or the condensed consolidated statements of cash flows.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1354000
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000
CY2018Q2 vide Proceeds From Sale Of Real Estate Investments
ProceedsFromSaleOfRealEstateInvestments
166000
CY2018Q2 us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
1148000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1996000
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
147000
CY2018Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
172000
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
143000
CY2019Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
90000
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
429000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
573000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
618000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
263000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
190000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
185000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2258000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
269000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
364000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
370000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
238000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
113000
CY2019Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
262000
CY2019Q2 dei Document Type
DocumentType
10-Q
CY2019Q2 dei Amendment Flag
AmendmentFlag
false
CY2019Q2 dei Document Period End Date
DocumentPeriodEndDate
2019-05-31
CY2019Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2019Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2019Q2 dei Entity Registrant Name
EntityRegistrantName
VIDEO DISPLAY CORP
CY2019Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000758743
CY2019Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
CY2019Q2 dei Entity Shell Company
EntityShellCompany
false
CY2019Q2 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2019Q2 dei Entity Small Business
EntitySmallBusiness
true
CY2019Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false

Files In Submission

Name View Source Status
0001193125-19-193988-index-headers.html Edgar Link pending
0001193125-19-193988-index.html Edgar Link pending
0001193125-19-193988.txt Edgar Link pending
0001193125-19-193988-xbrl.zip Edgar Link pending
d766934d10q.htm Edgar Link pending
d766934dex311.htm Edgar Link pending
d766934dex312.htm Edgar Link pending
d766934dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx 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
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
R5.htm Edgar Link pending
R6.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
vide-20190531.xml Edgar Link completed
vide-20190531.xsd Edgar Link pending
vide-20190531_cal.xml Edgar Link unprocessable
vide-20190531_def.xml Edgar Link unprocessable
vide-20190531_lab.xml Edgar Link unprocessable
vide-20190531_pre.xml Edgar Link unprocessable