10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-007981`
Period End Date	20121231
Filing Date	20130213
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	opxs-20121230.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 28 Cash Flow Statement 50

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.84M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.94M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.77M	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
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
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$76.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	152.35M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	152.35M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.20M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.35M	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.61M	USD	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
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$6.83K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.41M	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
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$203.00K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$192.00K	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.16M	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.13M	USD	Point-in-time
Prepaid Royalties - Long Term	`Prepaidrayalitiesnoncurrent`	$203.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`Prepaidrayalitiesnoncurrent`	$210.00K	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`	$1.36M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.39M	USD	Point-in-time
Total Assets	`Assets`	$12.76M	USD	Point-in-time
Total Assets	`Assets`	$12.20M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.03M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.11M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$935.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$754.00K	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`	$776.00K	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$1.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.08M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$2.02M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.94M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.94M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$2.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.10M	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 152,346,607 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 152,346,607 shares issued and outstanding, respectively)	`CommonStockValue`	$152.00K	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`	$17.83M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.32M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.36M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.66M	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`	$12.76M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$3.85M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$4.27M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$3.15M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$3.57M	USD	1 Quarter
Gross Margin	`GrossProfit`	$702.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$698.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$676.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$635.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$26.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$63.00K	USD	1 Quarter
Interest Expense - Net	`InterestExpense`	$-10.00K	USD	1 Quarter
Interest Expense - Net	`InterestExpense`	-	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.00K	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$63.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$22.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$41.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-49.00K	USD	1 Quarter
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$107.00K	USD	1 Quarter
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	-	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-156.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$41.00K	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`	152.35M	shares	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	139.44M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$41.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-49.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$113.00K	USD	1 Quarter
Noncash interest expense (income)	`NoncashInterestExpense`	$5.00K	USD	1 Quarter
Noncash interest expense (income)	`NoncashInterestExpense`	-	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$28.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$27.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-382.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$96.00K	USD	1 Quarter
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$679.00K	USD	1 Quarter
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$134.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$48.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$29.00K	USD	1 Quarter
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-23.00K	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`	$101.00K	USD	1 Quarter
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	-	USD	1 Quarter
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$397.00K	USD	1 Quarter
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	-	USD	1 Quarter
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-2.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-259.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$153.00K	USD	1 Quarter
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-218.00K	USD	1 Quarter
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.00K	USD	1 Quarter
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRayalitiesNoncurrent`	$7.00K	USD	1 Quarter
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRayalitiesNoncurrent`	-	USD	1 Quarter
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds (to) from credit facility (net)	`ProceedsFromLinesOfCredit`	-	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`	-	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`	$-240.00K	USD	1 Quarter
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`	$1.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	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`	$1.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$5.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter

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