10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-029573`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	opxs-20120401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 56 Cash Flow Statement 54

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$712.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.35M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.99M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$2.39M	USD	Point-in-time
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
Net Inventory	`InventoryNet`	$4.15M	USD	Point-in-time
Net Inventory	`InventoryNet`	$4.09M	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`	$47.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$17.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.01M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	139.44M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	144.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	144.44M	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
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.52M	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`	$1.23M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.35M	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$261.00K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$171.00K	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.09M	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.20M	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$21.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$21.00K	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$50.00K	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.23M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.16M	USD	Point-in-time
Total Assets	`Assets`	$10.86M	USD	Point-in-time
Total Assets	`Assets`	$9.50M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$716.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$938.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$546.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$547.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	-	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$400.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	-	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$507.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	-	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.25M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	-	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.25M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.16M	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 2,000,000,000 authorized, 144,444,940 and 139,444,940 shares issued and outstanding, respectively)	`CommonStockValue`	$139.00K	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 2,000,000,000 authorized, 144,444,940 and 139,444,940 shares issued and outstanding, respectively)	`CommonStockValue`	$144.00K	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock (par $0.001, 5,000 authorized, 1,027 series A preferred issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock (par $0.001, 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`	$17.67M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.11M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.10M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.70M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.86M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$3.86M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$3.76M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$8.13M	USD	2 Qtrs
Revenues	`SalesRevenueNet`	$8.74M	USD	2 Qtrs
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$6.79M	USD	2 Qtrs
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$7.49M	USD	2 Qtrs
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$3.23M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$3.16M	USD	1 Quarter
Gross Margin	`GrossProfit`	$1.34M	USD	2 Qtrs
Gross Margin	`GrossProfit`	$1.25M	USD	2 Qtrs
Gross Margin	`GrossProfit`	$636.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$592.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$589.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$1.32M	USD	2 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$645.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$1.15M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$106.00K	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-9.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$17.00K	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$3.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$-17.00K	USD	2 Qtrs
Interest (Income) Expense - Net	`InterestExpense`	$-30.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$-53.00K	USD	2 Qtrs
Interest (Income) Expense - Net	`InterestExpense`	$-7.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$17.00K	USD	2 Qtrs
Total Other	`NonoperatingIncomeExpense`	$53.00K	USD	2 Qtrs
Total Other	`NonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$7.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	2 Qtrs
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.00K	USD	2 Qtrs
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$20.00K	USD	2 Qtrs
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$53.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-10.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$118.00K	USD	2 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-118.00K	USD	2 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-17.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$33.00K	USD	2 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-69.00K	USD	1 Quarter
Less preferred stock dividend waived (accrued)	`DividendsPreferredStock`	$-106.00K	USD	2 Qtrs
Less preferred stock dividend waived (accrued)	`DividendsPreferredStock`	$102.00K	USD	1 Quarter
Less preferred stock dividend waived (accrued)	`DividendsPreferredStock`	$-213.00K	USD	1 Quarter
Less preferred stock dividend waived (accrued)	`DividendsPreferredStock`	$203.00K	USD	2 Qtrs
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-170.00K	USD	2 Qtrs
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.00K	USD	2 Qtrs
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$144.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-119.00K	USD	1 Quarter
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
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
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	140.32M	shares	2 Qtrs
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	141.20M	shares	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	2 Qtrs
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-118.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-17.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$33.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-69.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$125.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.00K	USD	2 Qtrs
(Increase) decrease of intangible assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$50.00K	USD	2 Qtrs
(Increase) decrease of intangible assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	2 Qtrs
Noncash interest expense (income)	`NoncashInterestExpense`	$-1.00K	USD	2 Qtrs
Noncash interest expense (income)	`NoncashInterestExpense`	$19.00K	USD	2 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$50.00K	USD	2 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$69.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-406.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-371.00K	USD	2 Qtrs
(Increase) decrease in federal income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$376.00K	USD	2 Qtrs
(Increase) decrease in federal income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	2 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$58.00K	USD	2 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$23.00K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$30.00K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-177.00K	USD	2 Qtrs
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-118.00K	USD	2 Qtrs
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-396.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$221.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$319.00K	USD	2 Qtrs
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	-	USD	2 Qtrs
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$1.65M	USD	2 Qtrs
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-625.00K	USD	2 Qtrs
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	-	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$342.00K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$2.45M	USD	2 Qtrs
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.33M	USD	2 Qtrs
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$375.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.00K	USD	2 Qtrs
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	$-671.00K	USD	2 Qtrs
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	$-507.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-671.00K	USD	2 Qtrs
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-457.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-318.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.84M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$712.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$712.00K	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`	$3.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$34.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$19.00K	USD	2 Qtrs

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