10-K Filing

MAYS J W INC CIK: 54187 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001206774-20-002857`
Period End Date	20200731
Filing Date	20201008
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	mays-20200731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 36 Cash Flow Statement 54 Stockholders Equity 9

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Land	`Land`	$6.07M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18M	shares	Point-in-time
Land	`Land`	$6.07M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18M	shares	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
Buildings, improvements and fixtures	`BuildingsAndImprovementsGross`	$88.25M	USD	Point-in-time
Buildings, improvements and fixtures	`BuildingsAndImprovementsGross`	$73.27M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.27M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$2.33M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$74.54M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$90.57M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$43.51M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.01M	USD	Point-in-time
Buildings - net	`BuildingsNet`	$41.53M	USD	Point-in-time
Buildings - net	`BuildingsNet`	$47.06M	USD	Point-in-time
Property and equipment-net	`PropertyPlantAndEquipmentNet`	$53.13M	USD	Point-in-time
Property and equipment-net	`PropertyPlantAndEquipmentNet`	$47.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.15M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.14M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$2.07M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$2.22M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$3.74M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$3.58M	USD	Point-in-time
Prepaids and other assets	`PrepaidExpenseCurrent`	$2.39M	USD	Point-in-time
Prepaids and other assets	`PrepaidExpenseCurrent`	$2.17M	USD	Point-in-time
Deferred charges, net	`DeferredCostsLeasingGross`	$2.58M	USD	Point-in-time
Deferred charges, net	`DeferredCostsLeasingGross`	$2.99M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$37.08M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$68.79M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$100.42M	USD	Point-in-time
Mortgage payable	`LoansPayableToBank`	$5.29M	USD	Point-in-time
Mortgage payable	`LoansPayableToBank`	$8.63M	USD	Point-in-time
Note payable	`NotesPayableToBank`	$722.73K	USD	Point-in-time
Note payable	`NotesPayableToBank`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$2.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$2.92M	USD	Point-in-time
Security deposits payable	`SecurityDepositsPayableNonCurrent`	$882.62K	USD	Point-in-time
Security deposits payable	`SecurityDepositsPayableNonCurrent`	$809.65K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$29.04M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$5.10M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$4.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$46.72M	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
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$49.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$50.37M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$54.99M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$55.90M	USD	Point-in-time
Common stock held in treasury, at cost - 162,517 shares at July 31, 2020 and July 31, 2019	`TreasuryStockValue`	$1.29M	USD	Point-in-time
Common stock held in treasury, at cost - 162,517 shares at July 31, 2020 and July 31, 2019	`TreasuryStockValue`	$1.29M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$54.61M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.70M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$100.42M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$68.79M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$19.53M	USD	Annual
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$21.09M	USD	Annual
Recovery of real estate taxes	`RecoveryOfRealEstateTaxes`	-	USD	Annual
Recovery of real estate taxes	`RecoveryOfRealEstateTaxes`	$53.34K	USD	Annual
Total revenues	`Revenues`	$19.53M	USD	Annual
Total revenues	`Revenues`	$21.14M	USD	Annual
Real estate operating expenses	`OperatingCostsAndExpenses`	$14.02M	USD	Annual
Real estate operating expenses	`OperatingCostsAndExpenses`	$11.89M	USD	Annual
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$5.09M	USD	Annual
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$5.47M	USD	Annual
Depreciation	`DepreciationAndAmortization`	$1.66M	USD	Annual
Depreciation	`DepreciationAndAmortization`	$1.96M	USD	Annual
Total expenses	`OperatingExpenses`	$19.32M	USD	Annual
Total expenses	`OperatingExpenses`	$20.77M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-1.24M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$1.82M	USD	Annual
Investment income	`InvestmentIncomeNet`	$145.56K	USD	Annual
Investment income	`InvestmentIncomeNet`	$209.02K	USD	Annual
Change in fair value of marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$278.63K	USD	Annual
Change in fair value of marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$35.37K	USD	Annual
Interest expense	`InterestExpense`	$202.52K	USD	Annual
Interest expense	`InterestExpense`	$200.59K	USD	Annual
Total investment income and interest expense:	`NonoperatingIncomeExpense`	$287.06K	USD	Annual
Total investment income and interest expense:	`NonoperatingIncomeExpense`	$-21.59K	USD	Annual
Income (loss) before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.10M	USD	Annual
Income (loss) before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.26M	USD	Annual
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$590.00K	USD	Annual
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-355.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-906.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.51M	USD	Annual
Income (loss) per common share, basic and diluted	`EarningsPerShareBasic`	$0.75	USD	Annual
Income (loss) per common share, basic and diluted	`EarningsPerShareBasic`	$-0.45	USD	Annual
Dividends per share	`CommonStockDividendsPerShareCashPaid`	-	USD	Annual
Dividends per share	`CommonStockDividendsPerShareCashPaid`	-	USD	Annual
Average common shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	Annual
Average common shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-906.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.51M	USD	Annual
Bad debt expense	`IncreaseDecreaseBadDebtExpense`	-	USD	Annual
Bad debt expense	`IncreaseDecreaseBadDebtExpense`	$255.06K	USD	Annual
Provision (benefit) for deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$-590.00K	USD	Annual
Provision (benefit) for deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$355.00K	USD	Annual
Disposition of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-40.99K	USD	Annual
Disposition of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Net realized and unrealized (gain) on sale of marketable securities	`GainLossOnInvestments`	$63.92K	USD	Annual
Net realized and unrealized (gain) on sale of marketable securities	`GainLossOnInvestments`	$325.04K	USD	Annual
Depreciation	`OtherDepreciationAndAmortization`	$1.66M	USD	Annual
Depreciation	`OtherDepreciationAndAmortization`	$1.96M	USD	Annual
Amortization of deferred charges	`AmortizationOfDeferredCharges`	$295.93K	USD	Annual
Amortization of deferred charges	`AmortizationOfDeferredCharges`	$297.89K	USD	Annual
Operating lease expense in excess of cash payments	`OperatingLeaseExpenseInExcessOfCashPayments`	-	USD	Annual
Operating lease expense in excess of cash payments	`OperatingLeaseExpenseInExcessOfCashPayments`	$1.21M	USD	Annual
Deferred finance costs included in interest expense	`AmortizationOfFinancingCosts`	$22.88K	USD	Annual
Deferred finance costs included in interest expense	`AmortizationOfFinancingCosts`	$31.99K	USD	Annual
Deferred charges	`IncreaseDecreaseInDeferredCharges`	$708.71K	USD	Annual
Deferred charges	`IncreaseDecreaseInDeferredCharges`	$1.01M	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$141.22K	USD	Annual
Receivables	`IncreaseDecreaseInReceivables`	$394.71K	USD	Annual
Prepaids and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$229.88K	USD	Annual
Prepaids and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$209.46K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$728.48K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$805.16K	USD	Annual
Security deposits payable	`IncreaseDecreaseInSecurityDeposits`	$-72.96K	USD	Annual
Security deposits payable	`IncreaseDecreaseInSecurityDeposits`	$-461.06K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.57M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.96M	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.30M	USD	Annual
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.36M	USD	Annual
Receipts from sales	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$219.74K	USD	Annual
Receipts from sales	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$621.16K	USD	Annual
Payments for purchases	`PaymentsToAcquireMarketableSecurities`	$333.10K	USD	Annual
Payments for purchases	`PaymentsToAcquireMarketableSecurities`	$721.92K	USD	Annual
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.46M	USD	Annual
Net cash (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.41M	USD	Annual
Proceeds from borrowings - mortgage and other debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.87M	USD	Annual
Proceeds from borrowings - mortgage and other debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Payments - mortgage and other debt	`RepaymentsOfLongTermDebt`	$168.50K	USD	Annual
Payments - mortgage and other debt	`RepaymentsOfLongTermDebt`	$603.07K	USD	Annual
Mortgage financing costs paid	`PaymentsOfLoanCosts`	$232.20K	USD	Annual
Mortgage financing costs paid	`PaymentsOfLoanCosts`	-	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-168.50K	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.03M	USD	Annual
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.62M	USD	Annual
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-859.92K	USD	Annual
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.26M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.88M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.26M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.88M	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$54.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.70M	USD	Point-in-time
Reclassification of unrealized gains on marketable securities to retained earnings	`ReclassificationOfUnrealizedGainsOnMarketableSecuritiesToRetainedEarnings`	-	USD	Annual
Net income	`NetIncomeLoss`	$-906.00K	USD	Annual
Net income	`NetIncomeLoss`	$1.51M	USD	Annual
Balance	`StockholdersEquity`	$54.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.70M	USD	Point-in-time

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