10-Q Filing

ALT5 Sigma Corp CIK: 862861 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000862861-13-000017`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	arci-20130330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 50 Cash Flow Statement 60

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$504.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$682.00K	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	5.56M	shares	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	5.56M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.92M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	5.56M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.40M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	5.56M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.17M	USD	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$9.76M	USD	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$10.04M	USD	Point-in-time
Accounts receivable, net of allowance of $12 and $8, respectively	`AccountsReceivableNetCurrent`	$6.83M	USD	Point-in-time
Accounts receivable, net of allowance of $12 and $8, respectively	`AccountsReceivableNetCurrent`	$6.26M	USD	Point-in-time
Inventories, net of reserves of $504 and $682, respectively	`InventoryNet`	$14.39M	USD	Point-in-time
Inventories, net of reserves of $504 and $682, respectively	`InventoryNet`	$17.27M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$1.95M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$1.92M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$522.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$518.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseCurrent`	$1.33M	USD	Point-in-time
Other current assets	`PrepaidExpenseCurrent`	$1.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.25M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$973.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$24.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$25.00K	USD	Point-in-time
Total assets	`Assets`	$47.22M	USD	Point-in-time
Total assets	`Assets`	$40.20M	USD	Point-in-time
Total assets	`Assets`	$41.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.45M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.18M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.31M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$7.77M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$10.56M	USD	Point-in-time
Current maturities of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.04M	USD	Point-in-time
Current maturities of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$955.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesGrossCurrent`	$146.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesGrossCurrent`	$146.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.93M	USD	Point-in-time
Long-term debt obligations, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$6.36M	USD	Point-in-time
Long-term debt obligations, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$6.15M	USD	Point-in-time
Deferred gain, net of current portion	`SaleLeasebackTransactionDeferredGainNet`	$365.00K	USD	Point-in-time
Deferred gain, net of current portion	`SaleLeasebackTransactionDeferredGainNet`	$244.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$921.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$921.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$26.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.57M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, no par value; 10,000 shares authorized; issued and outstanding: 5,556 shares and 5,527 shares, respectively	`CommonStockValue`	$20.58M	USD	Point-in-time
Common Stock, no par value; 10,000 shares authorized; issued and outstanding: 5,556 shares and 5,527 shares, respectively	`CommonStockValue`	$20.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-290.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-348.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$11.77M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$11.64M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.60M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.54M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$13.31M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$13.23M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$41.80M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$40.20M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Retail	`SalesRevenueGoodsNet`	$19.76M	USD	1 Quarter
Retail	`SalesRevenueGoodsNet`	$18.06M	USD	1 Quarter
Recycling	`RecyclingRevenue`	$5.26M	USD	1 Quarter
Recycling	`RecyclingRevenue`	$8.30M	USD	1 Quarter
Byproduct	`ByproductRevenue`	$4.42M	USD	1 Quarter
Byproduct	`ByproductRevenue`	$4.07M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$30.42M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$29.44M	USD	1 Quarter
Costs of revenues	`CostOfGoodsAndServicesSold`	$21.50M	USD	1 Quarter
Costs of revenues	`CostOfGoodsAndServicesSold`	$22.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.94M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.86M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.49M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$425.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$84.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$254.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$283.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-13.00K	USD	1 Quarter
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-154.00K	USD	1 Quarter
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$129.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-77.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$129.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-77.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-11.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-55.00K	USD	1 Quarter
Net income (loss) attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-66.00K	USD	1 Quarter
Net income (loss) attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$184.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.56M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.54M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.68M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.54M	shares	1 Quarter
Net income (loss)	`ProfitLoss`	$129.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-77.00K	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-58.00K	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$60.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-58.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$60.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$71.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-17.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-11.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-55.00K	USD	1 Quarter
Comprehensive income (loss) attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$-6.00K	USD	1 Quarter
Comprehensive income (loss) attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$126.00K	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$129.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-77.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$303.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$337.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$36.00K	USD	1 Quarter
Amortization of deferred gain	`SaleLeasebackTransactionCurrentPeriodGainRecognized`	$121.00K	USD	1 Quarter
Amortization of deferred gain	`SaleLeasebackTransactionCurrentPeriodGainRecognized`	$122.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$49.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$49.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-16.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$571.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.81M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.88M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidExpense`	$-335.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidExpense`	$231.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$24.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$37.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.28M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.41M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.83M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.31M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$350.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.00K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$500.00K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-350.00K	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-545.00K	USD	1 Quarter
Net payments under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-1.73M	USD	1 Quarter
Net payments under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.79M	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$205.00K	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$257.00K	USD	1 Quarter
Proceeds from issuance of debt obligations	`ProceedsFromOtherDebt`	$80.00K	USD	1 Quarter
Proceeds from issuance of debt obligations	`ProceedsFromOtherDebt`	-	USD	1 Quarter
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$82.00K	USD	1 Quarter
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$42.00K	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.96M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.90M	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-57.00K	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$58.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-365.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$751.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.92M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.92M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.17M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$203.00K	USD	1 Quarter
Cash payments for interest	`InterestPaid`	$205.00K	USD	1 Quarter
Cash payments for income taxes	`IncomeTaxesPaidNet`	$123.00K	USD	1 Quarter
Cash payments for income taxes	`IncomeTaxesPaidNet`	$1.00K	USD	1 Quarter
Accrued debt issuance costs related to amended credit agreement	`CapitalLeaseObligationsIncurred`	$98.00K	USD	1 Quarter
Accrued debt issuance costs related to amended credit agreement	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter

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