10-Q Filing

CHAMPION INDUSTRIES INC CIK: 19149 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000019149-15-000008`
Period End Date	20150131
Filing Date	20150317
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	chmp-20150131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 36 Cash Flow Statement 56

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$688.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$567.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$203.16K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$355.01K	USD	Point-in-time
Accounts receivable, net of allowance of $567,000 and $688,000	`AccountsReceivableNetCurrent`	$9.51M	USD	Point-in-time
Accounts receivable, net of allowance of $567,000 and $688,000	`AccountsReceivableNetCurrent`	$9.07M	USD	Point-in-time
Inventories	`InventoryNet`	$4.31M	USD	Point-in-time
Inventories	`InventoryNet`	$3.97M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$478.35K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$226.31K	USD	Point-in-time
Current portion assets held for sale	`DiscontinuedOperationAndHeldForSaleAssetsCurrent`	$256.83K	USD	Point-in-time
Current portion assets held for sale	`DiscontinuedOperationAndHeldForSaleAssetsCurrent`	$256.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.47M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	11.30M	shares	Point-in-time
Land	`Land`	$1.25M	USD	Point-in-time
Land	`Land`	$1.25M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$5.01M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$4.92M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$33.34M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$33.30M	USD	Point-in-time
Equipment under capital lease	`CapitalLeasedAssetsGross`	$72.53K	USD	Point-in-time
Equipment under capital lease	`CapitalLeasedAssetsGross`	$72.53K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$3.71M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$3.64M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.49M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.73M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$46.12M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$45.68M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.36M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.68M	USD	Point-in-time
Goodwill	`Goodwill`	$1.23M	USD	Point-in-time
Goodwill	`Goodwill`	$1.23M	USD	Point-in-time
Goodwill	`Goodwill`	$1.23M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$69.64K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$25.69K	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.15M	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.18M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$59.81K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$59.81K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.54M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.47M	USD	Point-in-time
Total assets	`Assets`	$24.97M	USD	Point-in-time
Total assets	`Assets`	$24.01M	USD	Point-in-time
Total assets	`Assets`	$23.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.52M	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$583.53K	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$581.90K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$666.17K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$725.49K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.63M	USD	Point-in-time
Debt Discount (Note 5)	`DebtDiscountCurrentPortion`	$55.22K	USD	Point-in-time
Debt Discount (Note 5)	`DebtDiscountCurrentPortion`	$138.52K	USD	Point-in-time
Notes payable (Note 5)	`NotesPayableCurrent`	$10.12M	USD	Point-in-time
Notes payable (Note 5)	`NotesPayableCurrent`	$10.95M	USD	Point-in-time
Notes payable - related party (Note 5)	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.50M	USD	Point-in-time
Notes payable - related party (Note 5)	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.50M	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsCurrent`	$15.16K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsCurrent`	$14.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.65M	USD	Point-in-time
Notes payable (Note 5)	`LongTermNotesPayable`	$128.69K	USD	Point-in-time
Notes payable (Note 5)	`LongTermNotesPayable`	$193.64K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$28.38K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$24.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$20.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.28M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-32.37M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-32.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.74M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.21M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$24.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$23.70M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Printing	`PrintingRevenues`	$9.36M	USD	1 Quarter
Printing	`PrintingRevenues`	$9.39M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$6.06M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$5.41M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.80M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$15.42M	USD	1 Quarter
Printing	`PrintingCosts`	$7.10M	USD	1 Quarter
Printing	`PrintingCosts`	$7.23M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$3.95M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$4.44M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$11.05M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$11.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.95M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.12M	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-203.94K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-360.15K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$20.76K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$20.76K	USD	1 Quarter
Interest expense	`InterestExpense`	$263.76K	USD	1 Quarter
Interest expense	`InterestExpense`	$263.98K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$14.49K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$20.86K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-263.88K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-270.03K	USD	1 Quarter
(Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-467.82K	USD	1 Quarter
(Loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-630.18K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-467.82K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-630.18K	USD	1 Quarter
Basic and diluted (loss) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted (loss) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-467.82K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-630.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$521.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$402.00K	USD	1 Quarter
(Gain) on sale of assets	`GainLossOnDispositionOfAssets`	$14.12K	USD	1 Quarter
(Gain) on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$20.81K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.84K	USD	1 Quarter
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$124.77K	USD	1 Quarter
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$127.26K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-474.99K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-443.87K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-183.67K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$344.62K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-158.87K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$252.04K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$711.28K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.46M	USD	1 Quarter
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.63K	USD	1 Quarter
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-325.58K	USD	1 Quarter
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$26.17K	USD	1 Quarter
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$59.33K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$71.91K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-109.91K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-150.00	USD	1 Quarter
Net cash provided by (used in) operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$753.38K	USD	1 Quarter
Net cash provided by (used in) operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.03M	USD	1 Quarter
Net cash provided by operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$31.55K	USD	1 Quarter
Net cash provided by operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$753.38K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.00M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$129.63K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$447.50K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$45.55K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.29K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-447.50K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-82.79K	USD	1 Quarter
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$244.74K	USD	1 Quarter
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$108.62K	USD	1 Quarter
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$1.01M	USD	1 Quarter
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$249.08K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-140.46K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-769.32K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-463.43K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.23M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$203.16K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$355.01K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$203.16K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$355.01K	USD	Point-in-time

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