10-Q Filing

CHAMPION INDUSTRIES INC CIK: 19149 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000019149-15-000022`
Period End Date	20150731
Filing Date	20150914
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	chmp-20150731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 72 Cash Flow Statement 64

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$688.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.54K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$328.48K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$521.00K	USD	Point-in-time
Accounts receivable, net of allowance of $521,000 and $688,000	`AccountsReceivableNetCurrent`	$9.04M	USD	Point-in-time
Accounts receivable, net of allowance of $521,000 and $688,000	`AccountsReceivableNetCurrent`	$9.51M	USD	Point-in-time
Inventories	`InventoryNet`	$3.97M	USD	Point-in-time
Inventories	`InventoryNet`	$4.17M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$809.03K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$226.31K	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`	$14.35M	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`	$4.68M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$33.30M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$33.46M	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`	$3.72M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.49M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.62M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$45.80M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$45.68M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.57M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$38.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.24M	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`	$4.66K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$69.64K	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.18M	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$59.81K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.54M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.32M	USD	Point-in-time
Total assets	`Assets`	$22.91M	USD	Point-in-time
Total assets	`Assets`	$24.01M	USD	Point-in-time
Total assets	`Assets`	$23.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.52M	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$474.59K	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$583.53K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$666.17K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$716.71K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Debt discount (Note 5)	`DebtDiscountCurrentPortion`	$138.52K	USD	Point-in-time
Debt discount (Note 5)	`DebtDiscountCurrentPortion`	-	USD	Point-in-time
Notes payable (Note 5)	`NotesPayableCurrent`	$1.75M	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`	$15.62K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsCurrent`	$14.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.30M	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`	$8.46M	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$16.58K	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`	$20.77M	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`	$-33.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.13M	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`	$22.91M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Printing	`PrintingRevenues`	$27.07M	USD	3 Qtrs
Printing	`PrintingRevenues`	$8.57M	USD	1 Quarter
Printing	`PrintingRevenues`	$8.65M	USD	1 Quarter
Printing	`PrintingRevenues`	$27.68M	USD	3 Qtrs
Office products and office furniture	`SalesRevenueGoodsNet`	$18.10M	USD	3 Qtrs
Office products and office furniture	`SalesRevenueGoodsNet`	$5.83M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$6.68M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$18.41M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$15.32M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$45.48M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$45.78M	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$14.39M	USD	1 Quarter
Printing	`PrintingCosts`	$20.92M	USD	3 Qtrs
Printing	`PrintingCosts`	$6.62M	USD	1 Quarter
Printing	`PrintingCosts`	$20.43M	USD	3 Qtrs
Printing	`PrintingCosts`	$6.54M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$5.04M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$4.32M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$13.45M	USD	3 Qtrs
Office products and office furniture	`CostOfGoodsSold`	$13.68M	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$34.37M	USD	3 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$11.59M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$10.94M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$34.10M	USD	3 Qtrs
Gross profit	`GrossProfit`	$11.41M	USD	3 Qtrs
Gross profit	`GrossProfit`	$11.38M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.74M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.25M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.05M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.63M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-388.53K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-309.02K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-254.08K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-847.62K	USD	3 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$61.62K	USD	3 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$20.76K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$61.62K	USD	3 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$20.76K	USD	1 Quarter
Interest expense	`InterestExpense`	$782.44K	USD	3 Qtrs
Interest expense	`InterestExpense`	$629.38K	USD	3 Qtrs
Interest expense	`InterestExpense`	$159.33K	USD	1 Quarter
Interest expense	`InterestExpense`	$262.08K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$7.93K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$225.54K	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$4.40K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-35.55K	USD	3 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-618.52K	USD	3 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-278.44K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-172.16K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-726.54K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.47M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-560.70K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-587.46K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-980.62K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$91.70K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$91.70K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.47M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-652.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-587.46K	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	3 Qtrs
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.47M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-652.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-587.46K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.50M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$467.20K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.22M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$404.54K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$218.53K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$-58.77K	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-35.95K	USD	3 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-95.76K	USD	3 Qtrs
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$384.88K	USD	3 Qtrs
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$182.48K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-702.25K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-506.89K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-491.92K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$196.79K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$582.72K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-22.47K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$621.10K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.53M	USD	3 Qtrs
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-144.70K	USD	3 Qtrs
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-108.94K	USD	3 Qtrs
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$63.85K	USD	3 Qtrs
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$50.55K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-136.32K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$146.96K	USD	3 Qtrs
Accrued legal settlement	`IncreaseDecreaseInAccruedLegalSettlement`	-	USD	3 Qtrs
Accrued legal settlement	`IncreaseDecreaseInAccruedLegalSettlement`	$120.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-150.00	USD	3 Qtrs
Net cash provided by (used in) operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.31M	USD	3 Qtrs
Net cash provided by (used in) operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$791.61K	USD	3 Qtrs
Net cash provided by operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash provided by operating activities discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$70.05K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.24M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$791.61K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$250.16K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$810.16K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$120.90K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$420.86K	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$464.23K	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$70.16K	USD	3 Qtrs
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$15.04K	USD	3 Qtrs
Other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-80.84K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-659.17K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$28.33K	USD	3 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.04M	USD	3 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$879.37K	USD	3 Qtrs
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$2.92M	USD	3 Qtrs
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$771.97K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-878.34K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$107.40K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.10M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-745.89K	USD	3 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`	$72.54K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$328.48K	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`	$72.54K	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`	$328.48K	USD	Point-in-time

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