10-Q Filing

CHAMPION INDUSTRIES INC CIK: 19149 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000019149-16-000081`
Period End Date	20160430
Filing Date	20160614
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	chmp-20160430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 72 Cash Flow Statement 58

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$466.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$717.36K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$531.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$540.91K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$707.76K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$818.44K	USD	Point-in-time
Accounts receivable, net of allowance of $466,000 and $531,000	`AccountsReceivableNetCurrent`	$9.00M	USD	Point-in-time
Accounts receivable, net of allowance of $466,000 and $531,000	`AccountsReceivableNetCurrent`	$8.65M	USD	Point-in-time
Inventories	`InventoryNet`	$3.98M	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`	$1.09M	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`	$15.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.91M	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`	$34.12M	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`	$3.74M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$3.73M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.76M	USD	Point-in-time
Vehicles	`PropertyPlantAndEquipmentOther`	$2.78M	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`	$39.91M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$40.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.33M	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`	$3.04K	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsNoncurrentNet`	$14.46K	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.06M	USD	Point-in-time
Other intangibles, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$996.80K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$12.67K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.25M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.31M	USD	Point-in-time
Total assets	`Assets`	$23.61M	USD	Point-in-time
Total assets	`Assets`	$24.39M	USD	Point-in-time
Total assets	`Assets`	$22.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.08M	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$528.86K	USD	Point-in-time
Accrued payroll and commissions	`EmployeeRelatedLiabilitiesCurrent`	$557.37K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$709.49K	USD	Point-in-time
Taxes accrued and withheld	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$635.13K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.76M	USD	Point-in-time
Notes payable (Note 5)	`NotesPayableCurrent`	$1.93M	USD	Point-in-time
Notes payable (Note 5)	`NotesPayableCurrent`	$10.79M	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`	$16.33K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.10M	USD	Point-in-time
Notes payable (Note 5)	`LongTermNotesPayable`	$579.01K	USD	Point-in-time
Notes payable (Note 5)	`LongTermNotesPayable`	$8.80M	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$4.24K	USD	Point-in-time
Capital lease obligations (Note 5)	`CapitalLeaseObligationsNoncurrent`	$12.53K	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$26.28K	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$21.95M	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`	$-33.92M	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`	$1.66M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.93M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$23.61M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Printing	`PrintingRevenues`	$9.34M	USD	1 Quarter
Printing	`PrintingRevenues`	$18.51M	USD	2 Qtrs
Printing	`PrintingRevenues`	$18.38M	USD	2 Qtrs
Printing	`PrintingRevenues`	$9.12M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$7.17M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$12.58M	USD	2 Qtrs
Office products and office furniture	`SalesRevenueGoodsNet`	$6.54M	USD	1 Quarter
Office products and office furniture	`SalesRevenueGoodsNet`	$13.42M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$31.80M	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$15.87M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$16.29M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$31.09M	USD	2 Qtrs
Printing	`PrintingCosts`	$7.11M	USD	1 Quarter
Printing	`PrintingCosts`	$6.71M	USD	1 Quarter
Printing	`PrintingCosts`	$13.81M	USD	2 Qtrs
Printing	`PrintingCosts`	$14.22M	USD	2 Qtrs
Office products and office furniture	`CostOfGoodsSold`	$9.36M	USD	2 Qtrs
Office products and office furniture	`CostOfGoodsSold`	$4.78M	USD	1 Quarter
Office products and office furniture	`CostOfGoodsSold`	$9.97M	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`	$24.19M	USD	2 Qtrs
Total cost of sales	`CostOfGoodsAndServicesSold`	$12.11M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$11.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.93M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.61M	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.98M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.65M	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`	$3.91M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-39.07K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$338.40K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$74.76K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$134.46K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$43.44K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$21.88K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$40.85K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$20.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$206.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$155.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$470.05K	USD	2 Qtrs
Interest expense	`InterestExpense`	$304.20K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-43.48K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$35.09K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$21.32K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-64.34K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-290.50K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-554.38K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-156.01K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-312.55K	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-419.92K	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-351.62K	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-81.25K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.90K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-81.25K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-351.62K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-419.92K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$47.90K	USD	1 Quarter
Basic and Diluted (loss) income per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Basic and Diluted (loss) income per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Basic and Diluted (loss) income per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and Diluted (loss) income per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	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
Basic and Diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.30M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-81.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-351.62K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-419.92K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$47.90K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$836.72K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$817.05K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$415.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$425.27K	USD	1 Quarter
(Gain) Loss on sale/disposal of assets	`GainLossOnDispositionOfAssets`	$-66.28K	USD	2 Qtrs
(Gain) Loss on sale/disposal of assets	`GainLossOnDispositionOfAssets`	$31.32K	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.17K	USD	2 Qtrs
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.24K	USD	2 Qtrs
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$182.48K	USD	2 Qtrs
Deferred financing costs / debt discount	`AmortizationOfFinancingCosts`	$16.07K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$403.06K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$348.05K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$272.81K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$409.51K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$246.48K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$197.59K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$345.39K	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`	$28.52K	USD	2 Qtrs
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$18.19K	USD	2 Qtrs
Taxes accrued and withheld	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$74.35K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$132.63K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-76.19K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$26.28K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	2 Qtrs
Net cash (used in) provided by operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-85.69K	USD	2 Qtrs
Net cash (used in) provided by operating activities continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.03M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$264.52K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$431.31K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$112.51K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$560.00K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$58.76K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$70.40K	USD	2 Qtrs
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-12.66K	USD	2 Qtrs
Change in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$26.17K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-488.59K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-387.08K	USD	2 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.15M	USD	2 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.00M	USD	2 Qtrs
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$1.79M	USD	2 Qtrs
Principal payments on term debt	`RepaymentsOfLongTermDebt`	$2.36M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$639.62K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-642.83K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$166.85K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-101.08K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$717.36K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$540.91K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$707.76K	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`	$717.36K	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`	$707.76K	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.