10-Q Filing

CHAMPION INDUSTRIES INC CIK: 19149 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000019149-15-000016`
Period End Date	20150430
Filing Date	20150615
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	chmp-20150430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 72 Cash Flow Statement 62

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$533.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$335.08K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$717.36K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Accounts receivable, net of allowance of $533,000 and $688,000	`AccountsReceivableNetCurrent`	$9.51M	USD	Point-in-time
Accounts receivable, net of allowance of $533,000 and $688,000	`AccountsReceivableNetCurrent`	$9.91M	USD	Point-in-time
Inventories	`InventoryNet`	$4.24M	USD	Point-in-time
Inventories	`InventoryNet`	$3.97M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$226.31K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$472.79K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$256.83K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$256.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.60M	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`	$4.92M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$4.65M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$33.30M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$33.39M	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`	$3.64M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$3.71M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.49M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.60M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$45.68M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$45.67M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.31M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.36M	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`	$13.03K	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.18M	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.12M	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`	$2.42M	USD	Point-in-time
Total assets	`Assets`	$24.01M	USD	Point-in-time
Total assets	`Assets`	$24.96M	USD	Point-in-time
Total assets	`Assets`	$24.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.54M	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$718.86K	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$583.53K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$684.35K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$666.17K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Debt discount (Note 5)	`DebtDiscountCurrentPortion`	-	USD	Point-in-time
Debt discount (Note 5)	`DebtDiscountCurrentPortion`	$138.52K	USD	Point-in-time
Notes payable (Note 5)	`NotesPayableCurrent`	$1.85M	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`	$14.93K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsCurrent`	$15.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.99M	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`	$8.59M	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$20.57K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$28.38K	USD	Point-in-time
Total liabilities	`Liabilities`	$20.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.60M	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`	$-32.79M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.79M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$24.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$24.39M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Printing	`PrintingRevenues`	$9.67M	USD	1 Quarter
Printing	`PrintingRevenues`	$19.03M	USD	2 Qtrs
Printing	`PrintingRevenues`	$18.51M	USD	2 Qtrs
Printing	`PrintingRevenues`	$9.12M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$11.43M	USD	2 Qtrs
Office products and office furniture	`SalesRevenueGoodsNet`	$7.17M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$5.36M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$12.58M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$16.29M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$31.09M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$30.45M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$15.03M	USD	1 Quarter
Printing	`PrintingCosts`	$13.81M	USD	2 Qtrs
Printing	`PrintingCosts`	$6.71M	USD	1 Quarter
Printing	`PrintingCosts`	$7.15M	USD	1 Quarter
Printing	`PrintingCosts`	$14.38M	USD	2 Qtrs
Office products and office furniture	`CostOfGoodsSold`	$8.41M	USD	2 Qtrs
Office products and office furniture	`CostOfGoodsSold`	$3.97M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$9.36M	USD	2 Qtrs
Office products and office furniture	`CostOfGoodsSold`	$5.40M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$23.16M	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$12.11M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$11.13M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$22.79M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.67M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.93M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.79M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.21M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.09M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-538.60K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-178.45K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$338.40K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$134.46K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$40.85K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$20.09K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$20.09K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$40.85K	USD	2 Qtrs
Interest expense	`InterestExpense`	$256.60K	USD	1 Quarter
Interest expense	`InterestExpense`	$206.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$520.37K	USD	2 Qtrs
Interest expense	`InterestExpense`	$470.05K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-64.34K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$221.14K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$206.64K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-43.48K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-554.38K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-340.08K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-70.05K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-290.50K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-248.50K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-878.68K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-419.92K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.90K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-419.92K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-878.68K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$47.90K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-248.50K	USD	1 Quarter
Basic and Diluted income (loss) per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	2 Qtrs
Basic and Diluted income (loss) per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and Diluted income (loss) per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Basic and Diluted income (loss) per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	2 Qtrs
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	1 Quarter
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-419.92K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-878.68K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$47.90K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-248.50K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$513.22K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$415.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$817.05K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.03M	USD	2 Qtrs
Loss (gain) on sale/disposal of assets	`GainLossOnDispositionOfAssets`	$214.55K	USD	2 Qtrs
Loss (gain) on sale/disposal of assets	`GainLossOnDispositionOfAssets`	$-66.28K	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$35.59K	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.17K	USD	2 Qtrs
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$182.48K	USD	2 Qtrs
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$259.10K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.73K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$403.06K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$272.81K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-272.17K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$246.48K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-85.28K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.25M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.02M	USD	2 Qtrs
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$135.34K	USD	2 Qtrs
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-205.22K	USD	2 Qtrs
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-23.47K	USD	2 Qtrs
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$18.19K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$132.63K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-117.78K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-150.00	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	2 Qtrs
Net cash provided by (used in) operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.05M	USD	2 Qtrs
Net cash provided by (used in) operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.03M	USD	2 Qtrs
Net cash provided by operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash provided by operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$66.05K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.03M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-979.97K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$560.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$299.96K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$112.51K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$170.32K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$454.83K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.76K	USD	2 Qtrs
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$8.64K	USD	2 Qtrs
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-12.66K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-488.59K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$146.23K	USD	2 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.15M	USD	2 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$254.88K	USD	2 Qtrs
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$1.79M	USD	2 Qtrs
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$514.60K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-642.83K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-259.72K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.09M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-101.08K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$335.08K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$717.36K	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$335.08K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$717.36K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time

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