10-Q Filing

MAYS J W INC CIK: 54187 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001206774-20-003158`
Period End Date	20201031
Filing Date	20201210
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	mays-20201031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 10

Balance Sheet 69 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`	$74.17M	USD	Point-in-time
Buildings, improvements and fixtures	`BuildingsAndImprovementsGross`	$73.27M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$900.60K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.27M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$74.54M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$75.07M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.45M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.01M	USD	Point-in-time
Buildings - net	`BuildingsNet`	$41.62M	USD	Point-in-time
Buildings - net	`BuildingsNet`	$41.53M	USD	Point-in-time
Property and equipment-net	`PropertyPlantAndEquipmentNet`	$47.68M	USD	Point-in-time
Property and equipment-net	`PropertyPlantAndEquipmentNet`	$47.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.82M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.14M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$956.17K	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$2.22M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$2.44M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$3.74M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$3.61M	USD	Point-in-time
Prepaids and other assets	`PrepaidExpenseCurrent`	$1.15M	USD	Point-in-time
Prepaids and other assets	`PrepaidExpenseCurrent`	$2.39M	USD	Point-in-time
Deferred charges, net	`DeferredCostsLeasingGross`	$2.99M	USD	Point-in-time
Deferred charges, net	`DeferredCostsLeasingGross`	$2.89M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$37.08M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$36.45M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$99.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$100.42M	USD	Point-in-time
Mortgages payable	`LoansPayableToBank`	$8.63M	USD	Point-in-time
Mortgages payable	`LoansPayableToBank`	$8.36M	USD	Point-in-time
Note payable	`NotesPayableToBank`	$722.73K	USD	Point-in-time
Note payable	`NotesPayableToBank`	$722.73K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$2.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$2.48M	USD	Point-in-time
Security deposits payable	`SecurityDepositsPayableNonCurrent`	$809.65K	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`	$28.76M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$4.58M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$4.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.72M	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`	$49.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$49.47M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$54.57M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$54.99M	USD	Point-in-time
Common stock held in treasury, at cost - 162,517 shares at October 31, 2020 and July 31, 2020	`TreasuryStockValue`	$1.29M	USD	Point-in-time
Common stock held in treasury, at cost - 162,517 shares at October 31, 2020 and July 31, 2020	`TreasuryStockValue`	$1.29M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$54.74M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$54.61M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.29M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$99.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$100.42M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenues`	$5.04M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenues`	$4.83M	USD	1 Quarter
Total revenues	`Revenues`	$4.83M	USD	1 Quarter
Total revenues	`Revenues`	$5.04M	USD	1 Quarter
Real estate operating expenses	`OperatingCostsAndExpenses`	$3.58M	USD	1 Quarter
Real estate operating expenses	`OperatingCostsAndExpenses`	$3.25M	USD	1 Quarter
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$1.17M	USD	1 Quarter
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$1.22M	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$443.94K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$387.41K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$4.85M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$5.20M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-361.08K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$184.28K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$89.23K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$65.00K	USD	1 Quarter
Change in fair value of marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-19.29K	USD	1 Quarter
Change in fair value of marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-214.95K	USD	1 Quarter
Interest expense	`InterestExpense`	$85.61K	USD	1 Quarter
Interest expense	`InterestExpense`	$27.45K	USD	1 Quarter
Total investment income and interest expense	`NonoperatingIncomeExpense`	$18.27K	USD	1 Quarter
Total investment income and interest expense	`NonoperatingIncomeExpense`	$-211.34K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$202.54K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-572.42K	USD	1 Quarter
Income taxes provided (benefit)	`IncomeTaxExpenseBenefit`	$-157.00K	USD	1 Quarter
Income taxes provided (benefit)	`IncomeTaxExpenseBenefit`	$74.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-415.42K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$128.54K	USD	1 Quarter
Income (loss) per common share, basic and diluted	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Income (loss) per common share, basic and diluted	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Dividends per share	`CommonStockDividendsPerShareCashPaid`	-	USD	1 Quarter
Average common shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	1 Quarter
Average common shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-415.42K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$128.54K	USD	1 Quarter
Bad debt recovery	`IncreaseDecreaseBadDebtExpense`	-	USD	1 Quarter
Bad debt recovery	`IncreaseDecreaseBadDebtExpense`	$-18.00K	USD	1 Quarter
Provision (Benefit) for deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-74.00K	USD	1 Quarter
Provision (Benefit) for deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$157.00K	USD	1 Quarter
Depreciation	`OtherDepreciationAndAmortization`	$387.41K	USD	1 Quarter
Depreciation	`OtherDepreciationAndAmortization`	$443.94K	USD	1 Quarter
Amortization of deferred charges	`AmortizationOfDeferredCharges`	$68.00K	USD	1 Quarter
Amortization of deferred charges	`AmortizationOfDeferredCharges`	$95.20K	USD	1 Quarter
Operating lease expense in excess of cash payments	`OperatingLeaseExpenseInExcessOfCashPayments`	$340.38K	USD	1 Quarter
Operating lease expense in excess of cash payments	`OperatingLeaseExpenseInExcessOfCashPayments`	$276.76K	USD	1 Quarter
Deferred finance costs included in interest expense	`AmortizationOfFinancingCosts`	$4.72K	USD	1 Quarter
Deferred finance costs included in interest expense	`AmortizationOfFinancingCosts`	$9.63K	USD	1 Quarter
Net realized and unrealized (gain) loss on marketable securities	`GainLossOnInvestments`	$-131.78K	USD	1 Quarter
Net realized and unrealized (gain) loss on marketable securities	`GainLossOnInvestments`	$23.22K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$205.47K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-38.74K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.24M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-978.09K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-289.71K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$215.45K	USD	1 Quarter
Security deposits payable	`IncreaseDecreaseInSecurityDeposits`	$-19.61K	USD	1 Quarter
Security deposits payable	`IncreaseDecreaseInSecurityDeposits`	-	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.18M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.13M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.45M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$528.91K	USD	1 Quarter
Receipts from sales	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$494.99K	USD	1 Quarter
Receipts from sales	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$442.76K	USD	1 Quarter
Payments for purchases	`PaymentsToAcquireMarketableSecurities`	$443.30K	USD	1 Quarter
Payments for purchases	`PaymentsToAcquireMarketableSecurities`	$489.09K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-523.01K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.45M	USD	1 Quarter
Payments - mortgage and other debt payments	`RepaymentsOfLongTermDebt`	$281.72K	USD	1 Quarter
Payments - mortgage and other debt payments	`RepaymentsOfLongTermDebt`	$42.69K	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-281.72K	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.69K	USD	1 Quarter
Increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$373.64K	USD	1 Quarter
Increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$639.99K	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.78M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.26M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.78M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.26M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$53.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$54.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$54.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.29M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-415.42K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$128.54K	USD	1 Quarter
Balance	`StockholdersEquity`	$53.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$54.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$54.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.29M	USD	Point-in-time

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