10-Q Filing

LIMBACH HOLDINGS, INC. CIK: 1606163 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-119356`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	tfsc-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 35 Cash Flow Statement 27 Stockholders Equity 30

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Common stock redemption amount shares	`TemporaryEquitySharesOutstanding`	4.09M	shares	Point-in-time
Common stock redemption amount shares	`TemporaryEquitySharesOutstanding`	4.00M	shares	Point-in-time
Common stock redemption amount (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Common stock redemption amount (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`Cash`	$397.39K	USD	Point-in-time
Cash	`Cash`	$218.52K	USD	Point-in-time
Cash	`Cash`	$63.19K	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
Cash	`Cash`	$119.83K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$19.50K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.03K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$64.22K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$139.32K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$46.06M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$46.01M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$46.20M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$46.08M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	1.85M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	1.95M	shares	Point-in-time
Accounts payable & accrued expenses	`AccountsPayableCurrent`	$953.54K	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	1.95M	shares	Point-in-time
Accounts payable & accrued expenses	`AccountsPayableCurrent`	$130.28K	USD	Point-in-time
Note payable to stockholder	`DueToOfficersOrStockholdersCurrent`	$125.00K	USD	Point-in-time
Note payable to stockholder	`DueToOfficersOrStockholdersCurrent`	$125.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$255.28K	USD	Point-in-time
Common Stock subject to possible redemption; 3,995,919 and 4,094,389 shares at approximately $10 per share as of June 30, 2016 and as of December 31, 2015, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$40.94M	USD	Point-in-time
Common Stock subject to possible redemption; 3,995,919 and 4,094,389 shares at approximately $10 per share as of June 30, 2016 and as of December 31, 2015, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$39.96M	USD	Point-in-time
Preferred stock, $.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.0001 par value; 10,000,000 shares authorized; 1,952,081 and 1,853,611 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$195.00	USD	Point-in-time
Common stock, $.0001 par value; 10,000,000 shares authorized; 1,952,081 and 1,853,611 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$185.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-529.36K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.04M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$46.20M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$46.08M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Revenues	`SalesRevenueNet`	-	USD	1 Quarter
Revenues	`SalesRevenueNet`	-	USD	2 Qtrs
Revenues	`SalesRevenueNet`	-	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$220.60K	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$1.03M	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$78.29K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$602.84K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-220.60K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-78.29K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-602.84K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.03M	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$13.16K	USD	2 Qtrs
Interest income	`InterestAndOtherIncome`	$6.98K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$43.63K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$90.73K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.50K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-943.85K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-559.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-207.44K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-339.60K	USD	Annual
Net loss	`NetIncomeLoss`	$-384.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-189.75K	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.87M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.85M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.85M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.89M	shares	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.50	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-943.85K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-559.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-207.44K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-339.60K	USD	Annual
Net loss	`NetIncomeLoss`	$-384.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-189.75K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-978.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$823.26K	USD	2 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-42.71K	USD	2 Qtrs
Prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-18.46K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-102.13K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-165.71K	USD	2 Qtrs
Proceeds from investment in restricted cash and investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$13.16K	USD	2 Qtrs
Proceeds from investment in restricted cash and investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-45.49K	USD	2 Qtrs
Net cash from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.16K	USD	2 Qtrs
Net cash from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$45.49K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-56.64K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-178.87K	USD	2 Qtrs
Cash at beginning of period	`Cash`	$397.39K	USD	Point-in-time
Cash at beginning of period	`Cash`	$218.52K	USD	Point-in-time
Cash at beginning of period	`Cash`	$63.19K	USD	Point-in-time
Cash at beginning of period	`Cash`	$119.83K	USD	Point-in-time
Cash at end of period	`Cash`	$397.39K	USD	Point-in-time
Cash at end of period	`Cash`	$218.52K	USD	Point-in-time
Cash at end of period	`Cash`	$63.19K	USD	Point-in-time
Cash at end of period	`Cash`	$119.83K	USD	Point-in-time

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$5.28M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	-	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.04M	USD	Point-in-time
Sale Of Warrants	`SaleOfWarrants`	600,000.00	shares	3 Qtrs
Investment Warrants, Exercise Price	`InvestmentWarrantsExercisePrice`	$15.00	USD	3 Qtrs
Common shares issued to initial stockholders on April 17, 2014	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	3 Qtrs
Private Placement Warrants Per Share	`PrivatePlacementWarrantsPerShare`	$0.50	USD	3 Qtrs
Common shares issued to initial stockholders on April 17, 2014 (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	4.00M	shares	Point-in-time
Sale of 4,600,000 units at $10 per unit in IPO, including over-allotment, net of underwriters' discount and offering expenses	`StockIssuedDuringPeriodValueIssuedForServices`	$44.17M	USD	3 Qtrs
Sale of 198,000 units at $10 per unit in private placement, including over-allotment	`StockIssuedDuringPeriodValueIssuedForPrivatePlacementIncludingOverAllotment`	$1.98M	USD	3 Qtrs
Sale of 600,000 $15 exercise price warrants at $0.5 per warrant in private placement	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$300.00K	USD	3 Qtrs
Issuance of underwriter purchase option	`AdjustmentsToAdditionalPaidInCapitalIssuanceOfUnderwriterPurchaseOption`	$100.00	USD	3 Qtrs
Common shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$56.10K	USD	Annual
Common shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$600.00K	USD	1 Quarter
Common shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$384.70K	USD	1 Quarter
Common shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-41.00M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-943.85K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-559.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-207.44K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-339.60K	USD	Annual
Net loss	`NetIncomeLoss`	$-384.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-189.75K	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$5.28M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	-	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.04M	USD	Point-in-time

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