10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-047350`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	opxs-20110703.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 64 Cash Flow Statement 52

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$782.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$915.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$682.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.89M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$2.38M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	139.44M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	139.44M	shares	Point-in-time
Deferred Tax Asset - Short Term	`DeferredTaxAssetsNetCurrent`	$376.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.44M	shares	Point-in-time
Deferred Tax Asset - Short Term	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.44M	shares	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Inventory	`InventoryNet`	$5.89M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Inventory	`InventoryNet`	$6.14M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$50.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$245.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.92M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.76M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	1,027.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	1,027.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	1,027.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	1,027.00	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.46M	USD	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.48M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.21M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.16M	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$271.00K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$296.00K	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$617.00K	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$615.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$21.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$21.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$638.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$636.00K	USD	Point-in-time
Total Assets	`Assets`	$10.85M	USD	Point-in-time
Total Assets	`Assets`	$9.67M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$878.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$763.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$574.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$612.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Accrued Contract Losses	`OtherAccruedLiabilitiesCurrent`	$659.00K	USD	Point-in-time
Accrued Contract Losses	`OtherAccruedLiabilitiesCurrent`	$1.36M	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$1.11M	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$400.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.57M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.83M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.57M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.83M	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 200,000,000 authorized, 139,444,940 shares issued and outstanding	`CommonStockValue`	$139.00K	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 200,000,000 authorized, 139,444,940 shares issued and outstanding	`CommonStockValue`	$139.00K	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,027 series A preferred issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,027 series A preferred issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.16M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.54M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.28M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.09M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.67M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.85M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$3.23M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$5.91M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$18.14M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$11.97M	USD	3 Qtrs
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$2.68M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$5.50M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$10.17M	USD	3 Qtrs
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$16.25M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$1.80M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$407.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$1.89M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$550.00K	USD	1 Quarter
General Expenses	`GeneralAndAdministrativeExpense`	$1.74M	USD	3 Qtrs
General Expenses	`GeneralAndAdministrativeExpense`	$679.00K	USD	1 Quarter
General Expenses	`GeneralAndAdministrativeExpense`	$1.95M	USD	3 Qtrs
General Expenses	`GeneralAndAdministrativeExpense`	$592.00K	USD	1 Quarter
Amortization of Intangible Assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of Intangible Assets	`AmortizationOfIntangibleAssets`	$239.00K	USD	3 Qtrs
Amortization of Intangible Assets	`AmortizationOfIntangibleAssets`	$80.00K	USD	1 Quarter
Amortization of Intangible Assets	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Total General and Administrative	`OperatingExpenses`	$759.00K	USD	1 Quarter
Total General and Administrative	`OperatingExpenses`	$1.74M	USD	3 Qtrs
Total General and Administrative	`OperatingExpenses`	$592.00K	USD	1 Quarter
Total General and Administrative	`OperatingExpenses`	$2.19M	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-297.00K	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-352.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$64.00K	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-42.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$66.00K	USD	3 Qtrs
Interest (Income) Expense - Net	`InterestExpense`	$27.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$64.00K	USD	3 Qtrs
Interest (Income) Expense - Net	`InterestExpense`	$10.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$-66.00K	USD	3 Qtrs
Total Other	`NonoperatingIncomeExpense`	$-64.00K	USD	3 Qtrs
Total Other	`NonoperatingIncomeExpense`	$-27.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-52.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-379.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-363.00K	USD	3 Qtrs
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-243.00K	USD	3 Qtrs
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$2.00K	USD	3 Qtrs
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-17.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-169.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-2.00K	USD	3 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-210.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-120.00K	USD	3 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-35.00K	USD	1 Quarter
Less preferred stock dividend	`DividendsPreferredStock`	$98.00K	USD	1 Quarter
Less preferred stock dividend	`DividendsPreferredStock`	$104.00K	USD	1 Quarter
Less preferred stock dividend	`DividendsPreferredStock`	$290.00K	USD	3 Qtrs
Less preferred stock dividend	`DividendsPreferredStock`	$307.00K	USD	3 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-309.00K	USD	3 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-410.00K	USD	3 Qtrs
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-308.00K	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-139.00K	USD	1 Quarter
Basic and diluted loss per share ( in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per share ( in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted loss per share ( in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted loss per share ( in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted Average Common Shares Outstanding ( in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	1 Quarter
Weighted Average Common Shares Outstanding ( in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	3 Qtrs
Weighted Average Common Shares Outstanding ( in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	3 Qtrs
Weighted Average Common Shares Outstanding ( in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-210.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-120.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-35.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$826.00K	USD	3 Qtrs
Provision for allowance for inventory valuation	`InventoryWriteDown`	-	USD	3 Qtrs
Provision for allowance for inventory valuation	`InventoryWriteDown`	$-107.00K	USD	3 Qtrs
Noncash interest expense	`NoncashInterestExpense`	$22.00K	USD	3 Qtrs
Noncash interest expense	`NoncashInterestExpense`	$16.00K	USD	3 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$73.00K	USD	3 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$72.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$913.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-488.00K	USD	3 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$253.00K	USD	3 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$-1.15M	USD	3 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-183.00K	USD	3 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-118.00K	USD	3 Qtrs
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$243.00K	USD	3 Qtrs
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-378.00K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$143.00K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.81M	USD	3 Qtrs
Increase (decrease) in accrued warranty costs	`ProductWarrantyAccrualPeriodIncreaseDecrease`	-	USD	3 Qtrs
Increase (decrease) in accrued warranty costs	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$57.00K	USD	3 Qtrs
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-17.00K	USD	3 Qtrs
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-698.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-966.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$386.00K	USD	3 Qtrs
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$384.00K	USD	3 Qtrs
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.09M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.00K	USD	3 Qtrs
Proceeds from/(Repayments to) credit facility (net)	`ProceedsFromLinesOfCredit`	$-707.00K	USD	3 Qtrs
Proceeds from/(Repayments to) credit facility (net)	`ProceedsFromLinesOfCredit`	$959.00K	USD	3 Qtrs
Proceeds from loans payable	`ProceedsFromIssuanceOfLongTermDebt`	$250.00K	USD	3 Qtrs
Proceeds from loans payable	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Repayments on loans payable	`RepaymentsOfLongTermDebt`	-	USD	3 Qtrs
Repayments on loans payable	`RepaymentsOfLongTermDebt`	$250.00K	USD	3 Qtrs
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-707.00K	USD	3 Qtrs
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$959.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-348.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-133.00K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$782.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$915.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$682.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$782.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$915.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$682.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time

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