10-Q Filing

MAYS J W INC CIK: 54187 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001206774-18-003355`
Period End Date	20181031
Filing Date	20181206
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	mays-20181031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 44 Cash Flow Statement 54 Comprehensive Income 8

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Property and Equipment - Net (Notes 5 and 6)	`PropertyPlantAndEquipmentNet`	$51.15M	USD	Point-in-time
Property and Equipment - Net (Notes 5 and 6)	`PropertyPlantAndEquipmentNet`	$50.79M	USD	Point-in-time
Cash and cash equivalents (Notes 4 and 9)	`CashAndCashEquivalentsAtCarryingValue`	$5.26M	USD	Point-in-time
Cash and cash equivalents (Notes 4 and 9)	`CashAndCashEquivalentsAtCarryingValue`	$6.15M	USD	Point-in-time
Cash and cash equivalents (Notes 4 and 9)	`CashAndCashEquivalentsAtCarryingValue`	$5.71M	USD	Point-in-time
Receivables (Note 4)	`ReceivablesNetCurrent`	$200.59K	USD	Point-in-time
Receivables (Note 4)	`ReceivablesNetCurrent`	$252.30K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Income taxes refundable	`IncomeTaxesReceivable`	$21.84K	USD	Point-in-time
Income taxes refundable	`IncomeTaxesReceivable`	$8.79K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$100.79K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$100.79K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.95M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.57M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	162,517.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	162,517.00	shares	Point-in-time
Deferred charges	`DeferredCostsLeasingGross`	$3.23M	USD	Point-in-time
Deferred charges	`DeferredCostsLeasingGross`	$3.53M	USD	Point-in-time
Less: accumulated amortization	`DeferredCostsLeasingAccumulatedAmortization`	$1.37M	USD	Point-in-time
Less: accumulated amortization	`DeferredCostsLeasingAccumulatedAmortization`	$1.45M	USD	Point-in-time
Net	`DeferredCosts`	$1.86M	USD	Point-in-time
Net	`DeferredCosts`	$2.08M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.52M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.53M	USD	Point-in-time
Unbilled receivables (Notes 4 and 7)	`UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear`	$1.68M	USD	Point-in-time
Unbilled receivables (Notes 4 and 7)	`UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear`	$1.68M	USD	Point-in-time
Marketable securities (Notes 3 and 4)	`MarketableSecuritiesNoncurrent`	$3.12M	USD	Point-in-time
Marketable securities (Notes 3 and 4)	`MarketableSecuritiesNoncurrent`	$3.14M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$8.20M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$8.42M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$67.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$66.56M	USD	Point-in-time
Mortgage payable (Note 5)	`LongTermNotesAndLoans`	$5.26M	USD	Point-in-time
Mortgage payable (Note 5)	`LongTermNotesAndLoans`	$5.23M	USD	Point-in-time
Security deposits payable	`SecurityDepositsPayableNonCurrent`	$1.24M	USD	Point-in-time
Security deposits payable	`SecurityDepositsPayableNonCurrent`	$1.25M	USD	Point-in-time
Deferred Income Taxes (Note 1)	`DeferredTaxLiabilitiesNoncurrent`	$4.51M	USD	Point-in-time
Deferred Income Taxes (Note 1)	`DeferredTaxLiabilitiesNoncurrent`	$4.51M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$11.01M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$10.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.20K	USD	Point-in-time
Payroll and other accrued liabilities	`AccruedLiabilitiesCurrent`	$2.82M	USD	Point-in-time
Payroll and other accrued liabilities	`AccruedLiabilitiesCurrent`	$2.10M	USD	Point-in-time
Other taxes payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$8.24K	USD	Point-in-time
Other taxes payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$5.30K	USD	Point-in-time
Current portion of mortgage payable (Note 5)	`LongTermDebtCurrent`	$170.03K	USD	Point-in-time
Current portion of mortgage payable (Note 5)	`LongTermDebtCurrent`	$168.50K	USD	Point-in-time
Current portion of security deposits payable	`SecurityDepositsPayableCurrent`	$101.29K	USD	Point-in-time
Current portion of security deposits payable	`SecurityDepositsPayableCurrent`	$101.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.15M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$13.47M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.14M	USD	Point-in-time
Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued)	`CommonStockValue`	$2.18M	USD	Point-in-time
Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued)	`CommonStockValue`	$2.18M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$3.35M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$3.35M	USD	Point-in-time
Unrealized gain on marketable securities - net of deferred taxes of $313,000 at July 31, 2018	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	Point-in-time
Unrealized gain on marketable securities - net of deferred taxes of $313,000 at July 31, 2018	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$437.08K	USD	Point-in-time
Unrealized gain on marketable securities - net of deferred taxes of $313,000 at July 31, 2018	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$368.48K	USD	Point-in-time
Unrealized gain on marketable securities - net of deferred taxes of $313,000 at July 31, 2018	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$487.14K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.37M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$54.38M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$54.30M	USD	Point-in-time
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2018 and at July 31, 2018 (Note 10)	`TreasuryStockValue`	$1.29M	USD	Point-in-time
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2018 and at July 31, 2018 (Note 10)	`TreasuryStockValue`	$1.29M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.01M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.09M	USD	Point-in-time
Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$66.56M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$67.16M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Rental income (Notes 1, 4 and 7)	`OperatingLeasesIncomeStatementLeaseRevenues`	$4.79M	USD	1 Quarter
Rental income (Notes 1, 4 and 7)	`OperatingLeasesIncomeStatementLeaseRevenues`	$5.00M	USD	1 Quarter
Total revenues	`Revenues`	$4.79M	USD	1 Quarter
Total revenues	`Revenues`	$5.00M	USD	1 Quarter
Real estate operating expenses	`CostOfGoodsAndServicesSold`	$2.54M	USD	1 Quarter
Real estate operating expenses	`CostOfGoodsAndServicesSold`	$2.81M	USD	1 Quarter
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$1.13M	USD	1 Quarter
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$1.74M	USD	1 Quarter
Depreciation (Note 6)	`DepreciationAndAmortization`	$432.14K	USD	1 Quarter
Depreciation (Note 6)	`DepreciationAndAmortization`	$466.30K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$4.10M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$5.02M	USD	1 Quarter
Income (loss) from operations before investment income, interest expense and income taxes	`OperatingIncomeLoss`	$685.04K	USD	1 Quarter
Income (loss) from operations before investment income, interest expense and income taxes	`OperatingIncomeLoss`	$-24.70K	USD	1 Quarter
Investment income (Note 3)	`InvestmentIncomeNet`	$22.43K	USD	1 Quarter
Investment income (Note 3)	`InvestmentIncomeNet`	$13.33K	USD	1 Quarter
Change in fair value of marketable securities (Notes 1 and 3)	`MarketableSecuritiesUnrealizedGainLoss`	$-34.06K	USD	1 Quarter
Change in fair value of marketable securities (Notes 1 and 3)	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	1 Quarter
Interest expense (Notes 5 and 9)	`InterestExpense`	$92.98K	USD	1 Quarter
Interest expense (Notes 5 and 9)	`InterestExpense`	$39.87K	USD	1 Quarter
Total investment income and interest expense	`NonoperatingIncomeExpense`	$-79.65K	USD	1 Quarter
Total investment income and interest expense	`NonoperatingIncomeExpense`	$-51.49K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$605.39K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-76.19K	USD	1 Quarter
Income taxes provided	`IncomeTaxExpenseBenefit`	$210.00K	USD	1 Quarter
Income taxes provided	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$395.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-79.19K	USD	1 Quarter
Retained earnings, beginning of period	`RetainedEarningsAccumulatedDeficit`	$48.78M	USD	Point-in-time
Retained earnings, beginning of period	`RetainedEarningsAccumulatedDeficit`	$45.40M	USD	Point-in-time
Retained earnings, beginning of period	`RetainedEarningsAccumulatedDeficit`	$45.79M	USD	Point-in-time
Retained earnings, beginning of period	`RetainedEarningsAccumulatedDeficit`	$48.37M	USD	Point-in-time
Reclassification of unrealized gain on investments to retained earnings (Note 1)	`ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings`	$487.14K	USD	1 Quarter
Reclassification of unrealized gain on investments to retained earnings (Note 1)	`ReclassificationOfUnrealizedGainOnInvestmentsToRetainedEarnings`	-	USD	1 Quarter
Retained earnings, end of period	`RetainedEarningsAccumulatedDeficit`	$48.78M	USD	Point-in-time
Retained earnings, end of period	`RetainedEarningsAccumulatedDeficit`	$45.40M	USD	Point-in-time
Retained earnings, end of period	`RetainedEarningsAccumulatedDeficit`	$45.79M	USD	Point-in-time
Retained earnings, end of period	`RetainedEarningsAccumulatedDeficit`	$48.37M	USD	Point-in-time
Income (loss) per common share (Note 2)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Income (loss) per common share (Note 2)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	1 Quarter
Average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$395.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-79.19K	USD	1 Quarter
Depreciation	`OtherDepreciationAndAmortization`	$432.14K	USD	1 Quarter
Depreciation	`OtherDepreciationAndAmortization`	$466.30K	USD	1 Quarter
Amortization of deferred charges	`AmortizationOfDeferredCharges`	$74.20K	USD	1 Quarter
Amortization of deferred charges	`AmortizationOfDeferredCharges`	$81.28K	USD	1 Quarter
Deferred finance costs included in interest expense	`AmortizationOfFinancingCosts`	$5.72K	USD	1 Quarter
Deferred finance costs included in interest expense	`AmortizationOfFinancingCosts`	$5.72K	USD	1 Quarter
Net realized and unrealized loss on sale of marketable securities	`GainLossOnInvestments`	$-6.00	USD	1 Quarter
Net realized and unrealized loss on sale of marketable securities	`GainLossOnInvestments`	$-34.06K	USD	1 Quarter
Other assets - unbilled receivables	`IncreaseDecreaseInUnbilledReceivables`	$-72.43K	USD	1 Quarter
Other assets - unbilled receivables	`IncreaseDecreaseInUnbilledReceivables`	$6.86K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-205.00K	USD	1 Quarter
Deferred expenses	`IncreaseDecreaseInDeferredCharges`	$304.25K	USD	1 Quarter
Deferred expenses	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$17.41K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-51.71K	USD	1 Quarter
Income taxes refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$13.05K	USD	1 Quarter
Income taxes refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$24.19K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-668.61K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-836.91K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-26.47K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.20K	USD	1 Quarter
Payroll and other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-412.98K	USD	1 Quarter
Payroll and other accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$714.22K	USD	1 Quarter
Other taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-3.04K	USD	1 Quarter
Other taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-2.94K	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.37M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.77M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.03M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$822.17K	USD	1 Quarter
Receipts from sales	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$62.00	USD	1 Quarter
Receipts from sales	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Payments for purchases	`PaymentsToAcquireMarketableSecurities`	$16.04K	USD	1 Quarter
Payments for purchases	`PaymentsToAcquireMarketableSecurities`	$16.09K	USD	1 Quarter
Cash (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.04M	USD	1 Quarter
Cash (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-838.26K	USD	1 Quarter
Increase - security deposits payable	`IncreaseDecreaseInSecurityDeposits`	$9.15K	USD	1 Quarter
Increase - security deposits payable	`IncreaseDecreaseInSecurityDeposits`	$40.85K	USD	1 Quarter
Mortgage and other debt payments	`RepaymentsOfLongTermDebt`	$39.69K	USD	1 Quarter
Mortgage and other debt payments	`RepaymentsOfLongTermDebt`	$41.16K	USD	1 Quarter
Cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.01K	USD	1 Quarter
Cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.17K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$329.38K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$900.43K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.01M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.78M	USD	Point-in-time
Cash and cash equivalents at end of period (Note 9)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.68M	USD	Point-in-time
Cash and cash equivalents at end of period (Note 9)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.01M	USD	Point-in-time
Cash and cash equivalents at end of period (Note 9)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.88M	USD	Point-in-time
Cash and cash equivalents at end of period (Note 9)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.78M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$395.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-79.19K	USD	1 Quarter
Unrealized holding gains arising during the period, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$35.00K	USD	1 Quarter
Unrealized holding gains arising during the period, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Unrealized gains arising during the period, net of taxes of $35,000	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gains arising during the period, net of taxes of $35,000	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$68.61K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$464.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-79.19K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.