10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-009257`
Period End Date	20111231
Filing Date	20120215
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	opxs-20120101.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 28 Cash Flow Statement 44

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$2.01M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$2.39M	USD	Point-in-time
Net Inventory	`InventoryNet`	$4.22M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Inventory	`InventoryNet`	$4.09M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$46.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$17.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	139.44M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	139.44M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.44M	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.49M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.49M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.23M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.34M	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$148.00K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$261.00K	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.20M	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.14M	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`	$1.16M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.23M	USD	Point-in-time
Total Assets	`Assets`	$8.89M	USD	Point-in-time
Total Assets	`Assets`	$9.50M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$573.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$716.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$547.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$419.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$507.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$188.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.21M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.21M	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 2,000,000,000 authorized, 139,444,940 shares issued and outstanding)	`CommonStockValue`	$139.00K	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 2,000,000,000 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`	$17.66M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.80M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.10M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.26M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.68M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.89M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.50M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$4.27M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$4.98M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$4.32M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$3.57M	USD	1 Quarter
Gross Margin	`GrossProfit`	$702.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$663.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$676.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$560.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$26.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$103.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$-23.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$-10.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$23.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$80.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$29.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$51.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-49.00K	USD	1 Quarter
Less preferred stock dividend	`DividendsPreferredStock`	$101.00K	USD	1 Quarter
Less preferred stock dividend	`DividendsPreferredStock`	$107.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-156.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-50.00K	USD	1 Quarter
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted income (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	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$51.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-49.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$113.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.00K	USD	1 Quarter
Noncash interest expense	`NoncashInterestExpense`	$5.00K	USD	1 Quarter
Noncash interest expense	`NoncashInterestExpense`	$8.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$25.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$28.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-382.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-338.00K	USD	1 Quarter
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$134.00K	USD	1 Quarter
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$-224.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$29.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$33.00K	USD	1 Quarter
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-29.00K	USD	1 Quarter
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-65.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-277.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.00K	USD	1 Quarter
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-255.00K	USD	1 Quarter
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	-	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$442.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$153.00K	USD	1 Quarter
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.00K	USD	1 Quarter
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$493.00K	USD	1 Quarter
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	$-390.00K	USD	1 Quarter
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	$-319.00K	USD	1 Quarter
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-319.00K	USD	1 Quarter
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-390.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-215.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$73.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$5.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$16.00K	USD	1 Quarter

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