10-Q Filing

ALT5 Sigma Corp CIK: 862861 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000862861-16-000071`
Period End Date	20160331
Filing Date	20160517
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	arci-20160402.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 48 Cash Flow Statement 60

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$73.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$97.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	-	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.56M	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	5.90M	shares	Point-in-time
Accounts receivable, net of allowance of $97 and $73, respectively	`AccountsReceivableNetCurrent`	$11.01M	USD	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	5.90M	shares	Point-in-time
Accounts receivable, net of allowance of $97 and $73, respectively	`AccountsReceivableNetCurrent`	$11.54M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	5.90M	shares	Point-in-time
Inventories	`InventoryNet`	$16.73M	USD	Point-in-time
Inventories	`InventoryNet`	$15.28M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	5.90M	shares	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$1.13M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$1.44M	USD	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$8.86M	USD	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$9.26M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$3.67M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.08M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.35M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$2.84M	USD	Point-in-time
Deferred income tax assets	`PrepaidExpenseCurrent`	$1.66M	USD	Point-in-time
Deferred income tax assets	`PrepaidExpenseCurrent`	$1.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.82M	USD	Point-in-time
Restricted Cash and Cash Equivalents	`RestrictedCashAndCashEquivalents`	$500.00K	USD	Point-in-time
Restricted Cash and Cash Equivalents	`RestrictedCashAndCashEquivalents`	$500.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$585.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$596.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$327.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$327.00K	USD	Point-in-time
Total assets	`Assets`	$46.78M	USD	Point-in-time
Total assets	`Assets`	$45.40M	USD	Point-in-time
Total assets	`Assets`	$45.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.02M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$9.87M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.93M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$12.67M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$10.41M	USD	Point-in-time
Current maturities of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.73M	USD	Point-in-time
Current maturities of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.74M	USD	Point-in-time
Long-term obligations, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$3.46M	USD	Point-in-time
Long-term obligations, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$4.51M	USD	Point-in-time
Other Liabilities, Noncurrent	`OtherLiabilitiesNoncurrent`	$342.00K	USD	Point-in-time
Other Liabilities, Noncurrent	`OtherLiabilitiesNoncurrent`	$357.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$33.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.73M	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: 5,901 shares	`CommonStockValue`	$21.47M	USD	Point-in-time
Common Stock, no par value; 10,000 shares authorized; issued and outstanding: 5,901 shares	`CommonStockValue`	$21.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.58M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-565.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-546.00K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$11.32M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$10.93M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$720.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$541.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.47M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.04M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$46.78M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$45.01M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Retail	`SalesRevenueGoodsNet`	$16.57M	USD	1 Quarter
Retail	`SalesRevenueGoodsNet`	$17.10M	USD	1 Quarter
Recycling	`RecyclingRevenue`	$6.94M	USD	1 Quarter
Recycling	`RecyclingRevenue`	$7.82M	USD	1 Quarter
Byproduct	`ByproductRevenue`	$1.84M	USD	1 Quarter
Byproduct	`ByproductRevenue`	$2.62M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$25.34M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$27.54M	USD	1 Quarter
Costs of revenues	`CostOfGoodsAndServicesSold`	$19.15M	USD	1 Quarter
Costs of revenues	`CostOfGoodsAndServicesSold`	$21.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.98M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.87M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-787.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$283.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$321.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$120.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-149.00K	USD	1 Quarter
Loss before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.47M	USD	1 Quarter
Loss before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-950.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-320.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-485.00K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-1.99M	USD	1 Quarter
Net Loss	`ProfitLoss`	$-630.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-285.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-179.00K	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.70M	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-451.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.79M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.79M	shares	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$19.00K	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-118.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-118.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$19.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-611.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.10M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-285.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-179.00K	USD	1 Quarter
Comprehensive loss attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$-432.00K	USD	1 Quarter
Comprehensive loss attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$-1.82M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.99M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-630.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$330.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$325.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$38.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$63.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$28.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$42.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$5.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-530.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.54M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.46M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-68.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidExpense`	$153.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidExpense`	$-182.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.61M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.32M	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-470.00K	USD	1 Quarter
Income taxes receivable/payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-303.00K	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.07M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.92M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$82.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$137.00K	USD	1 Quarter
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	1 Quarter
Payments for (Proceeds from) Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.00K	USD	1 Quarter
Payments for (Proceeds from) Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-77.00K	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-141.00K	USD	1 Quarter
Net proceeds (payments) under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-967.00K	USD	1 Quarter
Net proceeds (payments) under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.26M	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$220.00K	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$138.00K	USD	1 Quarter
Proceeds from issuance of debt obligations	`ProceedsFromOtherDebt`	$100.00K	USD	1 Quarter
Proceeds from issuance of debt obligations	`ProceedsFromOtherDebt`	$325.00K	USD	1 Quarter
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$24.00K	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$125.00K	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-838.00K	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.42M	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-120.00K	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-1.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$35.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$354.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$213.00K	USD	1 Quarter
Cash payments for interest	`InterestPaid`	$165.00K	USD	1 Quarter
Cash payments (receipts) for income taxes	`IncomeTaxesPaidNet`	$8.00K	USD	1 Quarter
Cash payments (receipts) for income taxes	`IncomeTaxesPaidNet`	$-5.00K	USD	1 Quarter
Repayments of Long-term Debt	`RepaymentsOfLongTermDebt`	$63.00K	USD	1 Quarter
Repayments of Long-term Debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter

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