10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-046318`
Period End Date	20120630
Filing Date	20120815
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	opxs-20120701.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`	$1.51M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$682.00K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$2.07M	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
Net Inventory	`InventoryNet`	$5.02M	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, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$17.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$37.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.01M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	144.44M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	139.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	144.44M	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.57M	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
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`	$1.37M	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$261.00K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$201.00K	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.20M	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.07M	USD	Point-in-time
Prepaid Royalties - Long Term	`Prepaidrayalitiesnoncurrent`	$208.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`Prepaidrayalitiesnoncurrent`	-	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`	$1.23M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.30M	USD	Point-in-time
Total Assets	`Assets`	$10.93M	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`	$882.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$644.00K	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`	$600.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$507.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.15M	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`	$1.17M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	-	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.17M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.32M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.79M	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. - (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. 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`	$17.71M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.66M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.10M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.25M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.61M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.70M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.93M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.50M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$11.97M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$3.48M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$11.61M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$3.23M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$10.17M	USD	3 Qtrs
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$2.81M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$2.68M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$9.60M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$550.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$1.80M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$669.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$2.01M	USD	3 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$592.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$787.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$2.11M	USD	3 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$1.74M	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-102.00K	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$64.00K	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-42.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-118.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$-10.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$-19.00K	USD	3 Qtrs
Interest (Income) Expense - Net	`InterestExpense`	$-2.00K	USD	1 Quarter
Interest (Income) Expense - Net	`InterestExpense`	$-64.00K	USD	3 Qtrs
Total Other	`NonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$19.00K	USD	3 Qtrs
Total Other	`NonoperatingIncomeExpense`	$64.00K	USD	3 Qtrs
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	3 Qtrs
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-121.00K	USD	3 Qtrs
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-120.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-52.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$17.00K	USD	1 Quarter
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`	$135.00K	USD	3 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-137.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-35.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-2.00K	USD	3 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-256.00K	USD	3 Qtrs
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$104.00K	USD	1 Quarter
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$-106.00K	USD	3 Qtrs
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	-	USD	1 Quarter
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$307.00K	USD	3 Qtrs
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-150.00K	USD	3 Qtrs
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-137.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-309.00K	USD	3 Qtrs
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-139.00K	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
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	144.44M	shares	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	3 Qtrs
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	141.70M	shares	3 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`	$-137.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-35.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-256.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$145.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.00K	USD	3 Qtrs
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	$-73.00K	USD	3 Qtrs
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	-	USD	3 Qtrs
Noncash interest expense (income)	`NoncashInterestExpense`	$22.00K	USD	3 Qtrs
Noncash interest expense (income)	`NoncashInterestExpense`	$-16.00K	USD	3 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$73.00K	USD	3 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$111.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-488.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-325.00K	USD	3 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$1.01M	USD	3 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$253.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$20.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-183.00K	USD	3 Qtrs
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-378.00K	USD	3 Qtrs
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-135.00K	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`	$277.00K	USD	3 Qtrs
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	-	USD	3 Qtrs
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$1.77M	USD	3 Qtrs
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-698.00K	USD	3 Qtrs
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	-	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.79M	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`	$1.54M	USD	3 Qtrs
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRayalitiesNoncurrent`	-	USD	3 Qtrs
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRayalitiesNoncurrent`	$-208.00K	USD	3 Qtrs
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.00K	USD	3 Qtrs
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$85.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-293.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.00K	USD	3 Qtrs
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	$-707.00K	USD	3 Qtrs
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	$-507.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	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`	$-457.00K	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`	$788.00K	USD	3 Qtrs
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`	$2.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$682.00K	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`	$2.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$682.00K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$42.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$35.00K	USD	3 Qtrs

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