10-Q Filing

CHAMPION INDUSTRIES INC CIK: 19149 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000019149-16-000056`
Period End Date	20160131
Filing Date	20160316
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	chmp-20160131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 36 Cash Flow Statement 52

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$540.91K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$355.01K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$548.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$531.00K	USD	Point-in-time
Accounts receivable, net of allowance of $548,000 and $531,000	`AccountsReceivableNetCurrent`	$8.65M	USD	Point-in-time
Accounts receivable, net of allowance of $548,000 and $531,000	`AccountsReceivableNetCurrent`	$9.26M	USD	Point-in-time
Inventories	`InventoryNet`	$3.53M	USD	Point-in-time
Inventories	`InventoryNet`	$3.57M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$890.16K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.06M	USD	Point-in-time
Current portion assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$256.83K	USD	Point-in-time
Current portion assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$256.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.14M	USD	Point-in-time
Land	`Land`	$1.25M	USD	Point-in-time
Land	`Land`	$1.25M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$4.68M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$4.68M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$34.21M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$34.13M	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`	$3.73M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$3.74M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.70M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.76M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$46.62M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$46.65M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$40.18M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.48M	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
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.03M	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.06M	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$7.72K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$3.04K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.31K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.00K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.28M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.31M	USD	Point-in-time
Total assets	`Assets`	$22.93M	USD	Point-in-time
Total assets	`Assets`	$22.90M	USD	Point-in-time
Total assets	`Assets`	$23.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.73M	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$528.86K	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$441.51K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$655.32K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$635.13K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.76M	USD	Point-in-time
Debt discount (Note 5)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Debt discount (Note 5)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Notes payable (Note 5)	`NotesPayableCurrent`	$1.93M	USD	Point-in-time
Notes payable (Note 5)	`NotesPayableCurrent`	$2.14M	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`	$15.85K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsCurrent`	$16.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.10M	USD	Point-in-time
Notes payable (Note 5)	`LongTermNotesPayable`	$8.57M	USD	Point-in-time
Notes payable (Note 5)	`LongTermNotesPayable`	$8.80M	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$8.41K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$12.53K	USD	Point-in-time
Total liabilities	`Liabilities`	$21.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.91M	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`	$-33.56M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-33.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.01M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.74M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.93M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.90M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Printing	`PrintingRevenues`	$9.05M	USD	1 Quarter
Printing	`PrintingRevenues`	$9.39M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$5.41M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$6.88M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.80M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$15.92M	USD	1 Quarter
Printing	`PrintingCosts`	$7.11M	USD	1 Quarter
Printing	`PrintingCosts`	$7.10M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$3.95M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$5.18M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$12.29M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$11.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.75M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.63M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.95M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-203.94K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-113.83K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$20.76K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$21.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$263.98K	USD	1 Quarter
Interest expense	`InterestExpense`	$148.74K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$13.77K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$20.86K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-156.54K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-263.88K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-270.37K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-467.82K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-270.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-467.82K	USD	1 Quarter
Basic and diluted loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted loss (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	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 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-270.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-467.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$411.44K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$402.00K	USD	1 Quarter
(Gain) on sale of assets	`GainLossOnDispositionOfAssets`	$13.38K	USD	1 Quarter
(Gain) on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.84K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$5.20K	USD	1 Quarter
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$127.26K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$604.18K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-443.87K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$344.62K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-35.58K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$166.99K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$252.04K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$232.90K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$711.28K	USD	1 Quarter
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.63K	USD	1 Quarter
Accrued payroll and commissions	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-87.35K	USD	1 Quarter
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$20.19K	USD	1 Quarter
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$59.33K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$71.91K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$93.46K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$753.38K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-343.49K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$447.50K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$166.80K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$34.74K	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$9.20K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-447.50K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-141.25K	USD	1 Quarter
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.05M	USD	1 Quarter
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$244.74K	USD	1 Quarter
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$1.06M	USD	1 Quarter
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$1.01M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-16.79K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-769.32K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-501.53K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-463.43K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$540.91K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$355.01K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.38K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$540.91K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$355.01K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.38K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time

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