10-K Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001144204-12-068723`
Period End Date	20120930
Filing Date	20121219
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	opxs-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 54 Stockholders Equity 17

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.84M	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`	$7.09M	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
Prepaid Expenses	`PrepaidExpenseCurrent`	$17.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$28.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	152.35M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.35M	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.58M	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`	$6.86K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-1.39M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-1.23M	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$192.00K	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`	$1.16M	USD	Point-in-time
Prepaid Royalties - Long Term	`Prepaidrayalitiesnoncurrent`	$210.00K	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`	$1.39M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.23M	USD	Point-in-time
Total Assets	`Assets`	$12.20M	USD	Point-in-time
Total Assets	`Assets`	$9.50M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.11M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$716.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$754.00K	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`	$776.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$507.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	-	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.94M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	-	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.61M	USD	Point-in-time
Optex Systems Holdings, Inc. (par $0.001, 2,000,000,000 authorized, 152,346,607 and 139,444,940 shares issued and outstanding, respectively)	`CommonStockValue`	$152.00K	USD	Point-in-time
Optex Systems Holdings, Inc. (par $0.001, 2,000,000,000 authorized, 152,346,607 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, 1,023 and 1,027 series A preferred issued and outstanding, respectively)	`PreferredStockValue`	-	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,023 and 1,027 series A preferred issued and outstanding, respectively)	`PreferredStockValue`	-	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.80M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.66M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.36M	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`	$7.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.50M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$14.25M	USD	Annual
Revenues	`SalesRevenueNet`	$16.23M	USD	Annual
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$11.85M	USD	Annual
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$13.74M	USD	Annual
Gross Margin	`GrossProfit`	$2.49M	USD	Annual
Gross Margin	`GrossProfit`	$2.40M	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$2.71M	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$2.41M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$-301.00K	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$78.00K	USD	Annual
Interest (Income) Expense - Net	`InterestExpense`	$74.00K	USD	Annual
Interest (Income) Expense - Net	`InterestExpense`	$19.00K	USD	Annual
Total Other	`NonoperatingIncomeExpense`	$19.00K	USD	Annual
Total Other	`NonoperatingIncomeExpense`	$74.00K	USD	Annual
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.00K	USD	Annual
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-320.00K	USD	Annual
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$48.00K	USD	Annual
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-587.00K	USD	Annual
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-368.00K	USD	Annual
Net Income (Loss) After Taxes	`NetIncomeLoss`	$591.00K	USD	Annual
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$106.00K	USD	3 Qtrs
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$104.00K	USD	1 Quarter
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$413.00K	USD	Annual
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	-	USD	1 Quarter
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$307.00K	USD	3 Qtrs
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$-106.00K	USD	Annual
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-262.00K	USD	Annual
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$178.00K	USD	Annual
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	Annual
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	143.50M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-368.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$591.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$165.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.00K	USD	Annual
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	$-328.00K	USD	Annual
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	$-328.00K	USD	Annual
Noncash interest expense (income)	`NoncashInterestExpense`	$-16.00K	USD	Annual
Noncash interest expense (income)	`NoncashInterestExpense`	$28.00K	USD	Annual
Stock option compensation expense	`ShareBasedCompensation`	$87.00K	USD	Annual
Stock option compensation expense	`ShareBasedCompensation`	$152.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-549.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.00K	USD	Annual
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$3.33M	USD	Annual
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$-1.47M	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-216.00K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$11.00K	USD	Annual
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$211.00K	USD	Annual
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-48.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-91.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$613.00K	USD	Annual
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$2.72M	USD	Annual
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	-	USD	Annual
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-1.36M	USD	Annual
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$2.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.22M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$523.00K	USD	Annual
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$848.00K	USD	Annual
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.11M	USD	Annual
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRayalitiesNoncurrent`	-	USD	Annual
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRayalitiesNoncurrent`	$-210.00K	USD	Annual
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$96.00K	USD	Annual
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-306.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.00K	USD	Annual
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	$-599.00K	USD	Annual
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	$-507.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$54.00K	USD	Annual
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-403.00K	USD	Annual
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-599.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$484.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$139.00K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	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 paid for interest	`InterestPaid`	$35.00K	USD	Annual
Cash paid for interest	`InterestPaid`	$58.00K	USD	Annual
Cash paid (refund received) for taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid (refund received) for taxes	`IncomeTaxesPaidNet`	$-376.00K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.02M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.70M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.59M	USD	Point-in-time
Stock Option Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$152.00K	USD	Annual
Stock Option Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$87.00K	USD	Annual
Accumulated Dividends on Preferred Stock	`DividendsPreferredStockStock`	-	USD	Annual
Accumulated Dividends on Preferred Stock	`DividendsPreferredStockStock`	-	USD	Annual
Sales of Common Stock	`StockIssuedDuringPeriodValueNewIssues`	$50.00K	USD	Annual
Conversion of Preferred Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$-1.00K	USD	Annual
Exercise of Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$54.00K	USD	Annual
Preferred Dividends Paid through increased share value	`PreferredStockDividendsAndOtherAdjustments`	$-884.00K	USD	Annual
Increase of Preferred Share Stated Value	`AdjustmentsToAdditionalPaidInCapitalOther`	$884.00K	USD	Annual
Net Earnings (Loss) from continuing operations	`NetIncomeLossAttributableToNoncontrollingInterest`	$-367.00K	USD	Annual
Net Earnings (Loss) from continuing operations	`NetIncomeLossAttributableToNoncontrollingInterest`	$591.00K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.02M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.70M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.59M	USD	Point-in-time

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