10-K Filing

Stabilis Solutions, Inc. CIK: 1043186 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001193125-12-143027`
Period End Date	20111231
Filing Date	20120330
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	aeti-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 40 Cash Flow Statement 65 Stockholders Equity 14 Comprehensive Income 8

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable-trade, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$453.00K	USD	Point-in-time
Accounts receivable-trade, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$393.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Accounts receivable-trade, net of allowance of $393 and $453 at December 31, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$11.29M	USD	Point-in-time
Accounts receivable-trade, net of allowance of $393 and $453 at December 31, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$8.77M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$3.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.75M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.83M	shares	Point-in-time
Inventories, net	`InventoryNet`	$4.95M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.83M	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.75M	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.49M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$336.00K	USD	Point-in-time
Retained earnings, accumulated statutory reserves in equity method investments	`RetainedEarningsAppropriated`	$1.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$358.00K	USD	Point-in-time
Retained earnings, accumulated statutory reserves in equity method investments	`RetainedEarningsAppropriated`	$945.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$656.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.49M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.71M	USD	Point-in-time
Advances to and investments in foreign joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$9.31M	USD	Point-in-time
Advances to and investments in foreign joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$8.38M	USD	Point-in-time
Deferred tax asset and other assets	`DeferredTaxAssetAndOtherAssets`	$2.49M	USD	Point-in-time
Deferred tax asset and other assets	`DeferredTaxAssetAndOtherAssets`	$87.00K	USD	Point-in-time
Total assets	`Assets`	$34.03M	USD	Point-in-time
Total assets	`Assets`	$36.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.77M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$916.00K	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$369.00K	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$835.00K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$1.06M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$2.91M	USD	Point-in-time
Short-term notes payable	`NotesPayableCurrent`	$194.00K	USD	Point-in-time
Short-term notes payable	`NotesPayableCurrent`	$154.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$20.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.48M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$5.06M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$4.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.43M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$399.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$116.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$18.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.10M	USD	Point-in-time
Commitments and contingencies (see note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, at redemption value	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, at redemption value	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.001 par value, 50,000,000 shares authorized, 7,828,509 and 7,752,965 shares issued and outstanding at December 31, 2011 and December 31, 2010, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock; $0.001 par value, 50,000,000 shares authorized, 7,828,509 and 7,752,965 shares issued and outstanding at December 31, 2011 and December 31, 2010, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.17M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$849.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$692.00K	USD	Point-in-time
Retained earnings; including accumulated statutory reserves in equity method investments of $1,284 and $945 at December 31, 2011 and December 31, 2010, respectively	`RetainedEarningsAccumulatedDeficit`	$14.38M	USD	Point-in-time
Retained earnings; including accumulated statutory reserves in equity method investments of $1,284 and $945 at December 31, 2011 and December 31, 2010, respectively	`RetainedEarningsAccumulatedDeficit`	$8.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$34.03M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$38.96M	USD	Annual
Net sales	`SalesRevenueNet`	$51.94M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$44.78M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$35.31M	USD	Annual
Gross profit	`GrossProfit`	$7.16M	USD	Annual
Gross profit	`GrossProfit`	$3.66M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$882.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$577.00K	USD	Annual
Selling and marketing	`SellingExpense`	$2.27M	USD	Annual
Selling and marketing	`SellingExpense`	$2.51M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.83M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.78M	USD	Annual
Total operating expenses	`OperatingExpenses`	$8.87M	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.99M	USD	Annual
Loss from domestic operations	`OperatingIncomeLoss`	$-4.33M	USD	Annual
Loss from domestic operations	`OperatingIncomeLoss`	$-1.71M	USD	Annual
Equity income from foreign joint ventures' operations	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	Annual
Equity income from foreign joint ventures' operations	`IncomeLossFromEquityMethodInvestments`	$1.92M	USD	Annual
Foreign joint ventures' operations related expenses	`JointVentureManagementRelatedExpenses`	$437.00K	USD	Annual
Foreign joint ventures' operations related expenses	`JointVentureManagementRelatedExpenses`	$436.00K	USD	Annual
Net equity income from foreign joint ventures' operations	`NetEquityIncomeFromForeignJointVentures`	$1.87M	USD	Annual
Net equity income from foreign joint ventures' operations	`NetEquityIncomeFromForeignJointVentures`	$1.48M	USD	Annual
Loss from domestic operations and net equity income from foreign joint ventures' operations	`IncomeLossFromDomesticOperationsAndNetEquityIncomeFromForeignJointVentures`	$-230.00K	USD	Annual
Loss from domestic operations and net equity income from foreign joint ventures' operations	`IncomeLossFromDomesticOperationsAndNetEquityIncomeFromForeignJointVentures`	$-2.47M	USD	Annual
Interest expense	`InterestExpense`	$131.00K	USD	Annual
Interest expense	`InterestExpense`	$183.00K	USD	Annual
Other, net	`OtherNonoperatingExpense`	$187.00K	USD	Annual
Other, net	`OtherNonoperatingExpense`	$33.00K	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-318.00K	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-216.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.78M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-446.00K	USD	Annual
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$5.44M	USD	Annual
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$-1.09M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.69M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.89M	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.75	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.74M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.81M	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.69M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.89M	USD	Annual
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$5.34M	USD	Annual
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-1.15M	USD	Annual
Equity income from joint venture's	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	Annual
Equity income from joint venture's	`IncomeLossFromEquityMethodInvestments`	$1.92M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$880.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$772.00K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$216.00K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$291.00K	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$257.00K	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$83.00K	USD	Annual
Allowance for obsolete inventory	`InventoryWriteDown`	$20.00K	USD	Annual
Allowance for obsolete inventory	`InventoryWriteDown`	$-111.00K	USD	Annual
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$5.00K	USD	Annual
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$70.00K	USD	Annual
Deferred compensation costs	`DeferredCompensationArrangementWithIndividualCompensationExpense`	$69.00K	USD	Annual
Customer settlement	`CustomerSettlement`	$100.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.41M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-1.55M	USD	Annual
Income taxes payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$182.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.15M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$146.00K	USD	Annual
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInContractReceivablesNet`	$-1.46M	USD	Annual
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInContractReceivablesNet`	$-263.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-35.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-89.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$398.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.57M	USD	Annual
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$103.00K	USD	Annual
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$1.85M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.73M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.05M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$368.00K	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$533.00K	USD	Annual
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	Annual
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$70.00K	USD	Annual
Investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$126.00K	USD	Annual
Investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$158.00K	USD	Annual
Proceeds from joint venture dividends	`ProceedsFromDividendsReceived`	$1.16M	USD	Annual
Proceeds from joint venture dividends	`ProceedsFromDividendsReceived`	$1.21M	USD	Annual
Net cash provided from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$758.00K	USD	Annual
Net cash provided from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$502.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$35.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$35.00K	USD	Annual
Advances from revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.00M	USD	Annual
Advances from revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.00M	USD	Annual
Capital lease obligation payment	`RepaymentsOfLongTermCapitalLeaseObligations`	$154.00K	USD	Annual
Capital lease obligation payment	`RepaymentsOfLongTermCapitalLeaseObligations`	$146.00K	USD	Annual
Principal payments on short-term notes payable	`RepaymentsOfNotesPayable`	$50.00K	USD	Annual
Principal payments on short-term notes payable	`RepaymentsOfNotesPayable`	$50.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$839.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$831.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.38M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-133.00K	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.75M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.75M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Interest paid	`InterestPaid`	$193.00K	USD	Annual
Interest paid	`InterestPaid`	$131.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$145.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$133.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$23.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.93M	USD	Point-in-time
Common stock issued to ESPP	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$35.00K	USD	Annual
Common stock issued to ESPP	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	$35.00K	USD	Annual
Restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$216.00K	USD	Annual
Restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$291.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.69M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.89M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$157.00K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$455.00K	USD	Annual
Balance	`StockholdersEquity`	$23.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.93M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.69M	USD	Annual
Foreign currency translation gain, deferred income taxes	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	$80.00	USD	Annual
Net loss	`NetIncomeLoss`	$-5.89M	USD	Annual
Foreign currency translation gain, deferred income taxes	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	$234.00	USD	Annual
Foreign currency translation gain, net of deferred income taxes of $80 and $234 for the years ended December 31, 2011 and 2010 respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$157.00K	USD	Annual
Foreign currency translation gain, net of deferred income taxes of $80 and $234 for the years ended December 31, 2011 and 2010 respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$455.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.24M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.73M	USD	Annual

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