10-Q Filing

ALT5 Sigma Corp CIK: 862861 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000862861-14-000023`
Period End Date	20140331
Filing Date	20140509
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	arci-20140329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 50 Cash Flow Statement 66

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$175.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	$227.00K	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`	5.57M	shares	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	5.58M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.92M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	5.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.17M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	5.58M	shares	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$9.84M	USD	Point-in-time
Accounts receivable, net of allowance of $27, for both periods	`AccountsReceivableNetCurrent`	$12.28M	USD	Point-in-time
Accounts receivable, net of allowance of $27, for both periods	`AccountsReceivableNetCurrent`	$11.21M	USD	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$9.95M	USD	Point-in-time
Inventories, net of reserves of $227 and $175, respectively	`InventoryNet`	$16.21M	USD	Point-in-time
Inventories, net of reserves of $227 and $175, respectively	`InventoryNet`	$16.65M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$1.87M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$1.64M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$82.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$79.00K	USD	Point-in-time
Prepaid Expense and Other Assets, Current	`PrepaidExpenseAndOtherAssetsCurrent`	$1.07M	USD	Point-in-time
Prepaid Expense and Other Assets, Current	`PrepaidExpenseAndOtherAssetsCurrent`	$622.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseCurrent`	$523.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseCurrent`	$523.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.11M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.42M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$881.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$927.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$20.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$21.00K	USD	Point-in-time
Total assets	`Assets`	$40.20M	USD	Point-in-time
Total assets	`Assets`	$44.65M	USD	Point-in-time
Total assets	`Assets`	$44.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.88M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.81M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.30M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$8.34M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$9.66M	USD	Point-in-time
Current maturities of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.13M	USD	Point-in-time
Current maturities of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.12M	USD	Point-in-time
Accrued Income Taxes, Current	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued Income Taxes, Current	`AccruedIncomeTaxesCurrent`	$587.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.19M	USD	Point-in-time
Long-term debt obligations, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$5.30M	USD	Point-in-time
Long-term debt obligations, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$5.45M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$26.59M	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: 5,581 shares and 5,571 shares, respectively	`CommonStockValue`	$20.85M	USD	Point-in-time
Common Stock, no par value; 10,000 shares authorized; issued and outstanding: 5,581 shares and 5,571 shares, respectively	`CommonStockValue`	$20.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.36M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-464.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-545.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$16.01M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$15.05M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.91M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$2.05M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.06M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.96M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$44.98M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$44.65M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Retail	`SalesRevenueGoodsNet`	$18.06M	USD	1 Quarter
Retail	`SalesRevenueGoodsNet`	$16.60M	USD	1 Quarter
Recycling	`RecyclingRevenue`	$8.30M	USD	1 Quarter
Recycling	`RecyclingRevenue`	$12.07M	USD	1 Quarter
Byproduct	`ByproductRevenue`	$4.07M	USD	1 Quarter
Byproduct	`ByproductRevenue`	$4.82M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$33.49M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$30.42M	USD	1 Quarter
Costs of revenues	`CostOfGoodsAndServicesSold`	$24.05M	USD	1 Quarter
Costs of revenues	`CostOfGoodsAndServicesSold`	$22.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.38M	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`	$2.07M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$283.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$241.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-13.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-31.00K	USD	1 Quarter
Income (loss) before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.80M	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`	$690.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$129.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.11M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$137.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-55.00K	USD	1 Quarter
Net income (loss) attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$184.00K	USD	1 Quarter
Net income (loss) attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$971.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	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`	$0.17	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.58M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.56M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.68M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.85M	shares	1 Quarter
Net income (loss)	`ProfitLoss`	$129.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.11M	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-81.00K	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-58.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-81.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-58.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$71.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.03M	USD	1 Quarter
Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-55.00K	USD	1 Quarter
Comprehensive loss (income) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$137.00K	USD	1 Quarter
Comprehensive income (loss) attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$890.00K	USD	1 Quarter
Comprehensive income (loss) attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$126.00K	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$129.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$334.00K	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`	$47.00K	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`	$27.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-16.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.06M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$571.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-447.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.88M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidExpense`	$444.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidExpense`	$-335.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$24.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.28M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-417.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$587.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.63M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.31M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.00K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$500.00K	USD	1 Quarter
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$12.00K	USD	1 Quarter
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-545.00K	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-44.00K	USD	1 Quarter
Net payments under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-1.32M	USD	1 Quarter
Net payments under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.79M	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$254.00K	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$205.00K	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`	$24.00K	USD	1 Quarter
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$42.00K	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.55M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.96M	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`	$-80.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$950.00K	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`	$1.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.90M	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`	$3.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.90M	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`	$3.17M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$205.00K	USD	1 Quarter
Cash payments for interest	`InterestPaid`	$213.00K	USD	1 Quarter
Cash payments for income taxes, net of refunds	`IncomeTaxesPaidNet`	$1.00K	USD	1 Quarter
Cash payments for income taxes, net of refunds	`IncomeTaxesPaidNet`	$103.00K	USD	1 Quarter
Equipment acquired under capital lease and other financing obligations	`CapitalLeaseObligationsIncurred`	$100.00K	USD	1 Quarter
Equipment acquired under capital lease and other financing obligations	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Accrued debt issuance costs related to amended credit agreement	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Accrued debt issuance costs related to amended credit agreement	`RepaymentsOfLongTermDebt`	$98.00K	USD	1 Quarter

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