10-Q Filing

Stabilis Solutions, Inc. CIK: 1043186 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-231150`
Period End Date	20120331
Filing Date	20120514
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	aeti-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 38 Cash Flow Statement 63

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable-trade, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$393.00K	USD	Point-in-time
Accounts receivable-trade, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$239.00K	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`	$2.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable-trade, net of allowance of $239 and $393 at March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$11.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable-trade, net of allowance of $239 and $393 at March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$9.82M	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.96M	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.83M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.91M	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`	7.91M	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.17M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.83M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$336.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$343.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	20,222.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Retained earnings, accumulated statutory reserves in equity method investments	`RetainedEarningsAppropriated`	$1.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.95M	USD	Point-in-time
Retained earnings, accumulated statutory reserves in equity method investments	`RetainedEarningsAppropriated`	$1.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.43M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.49M	USD	Point-in-time
Investments in foreign joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$10.17M	USD	Point-in-time
Investments in foreign joint ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$9.31M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$395.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.00K	USD	Point-in-time
Total assets	`Assets`	$36.23M	USD	Point-in-time
Total assets	`Assets`	$35.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.77M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.06M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$595.00K	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$855.00K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$2.91M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$2.09M	USD	Point-in-time
Short-term notes payable	`NotesPayableCurrent`	$154.00K	USD	Point-in-time
Short-term notes payable	`NotesPayableCurrent`	$154.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.10M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$5.02M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$5.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.55M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.43M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$117.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$116.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$17.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.71M	USD	Point-in-time
Common stock; $0.001 par value, 50,000,000 shares authorized, 7,911,257 and 7,825,787 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock; $0.001 par value, 50,000,000 shares authorized, 7,911,257 and 7,825,787 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.17M	USD	Point-in-time
Treasury stock; 20,222 shares at cost	`TreasuryStockValue`	$92.00K	USD	Point-in-time
Accumulated other comprehensive income, foreign currency translation, net	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$912.00K	USD	Point-in-time
Accumulated other comprehensive income, foreign currency translation, net	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$849.00K	USD	Point-in-time
Retained earnings; including accumulated statutory reserves in equity method investments of $1,284 at March 31, 2012 and December 31, 2011	`RetainedEarningsAccumulatedDeficit`	$8.83M	USD	Point-in-time
Retained earnings; including accumulated statutory reserves in equity method investments of $1,284 at March 31, 2012 and December 31, 2011	`RetainedEarningsAccumulatedDeficit`	$8.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$35.95M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$12.07M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$14.43M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$12.66M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$10.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.77M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$25.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$123.00K	USD	1 Quarter
Selling and marketing	`SellingExpense`	$611.00K	USD	1 Quarter
Selling and marketing	`SellingExpense`	$721.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.23M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.79M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-199.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-594.00K	USD	1 Quarter
Equity income from foreign joint ventures' operations	`IncomeLossFromEquityMethodInvestments`	$771.00K	USD	1 Quarter
Equity income from foreign joint ventures' operations	`IncomeLossFromEquityMethodInvestments`	$237.00K	USD	1 Quarter
Foreign joint ventures' operations related expenses	`JointVentureManagementRelatedExpenses`	$100.00K	USD	1 Quarter
Foreign joint ventures' operations related expenses	`JointVentureManagementRelatedExpenses`	$129.00K	USD	1 Quarter
Net equity income from foreign joint ventures' operations	`NetEquityIncomeFromForeignJointVentures`	$108.00K	USD	1 Quarter
Net equity income from foreign joint ventures' operations	`NetEquityIncomeFromForeignJointVentures`	$671.00K	USD	1 Quarter
Income (loss) from domestic operations and net equity income from foreign joint ventures' operations	`IncomeLossFromDomesticOperationsAndNetEquityIncomeFromForeignJointVentures`	$-486.00K	USD	1 Quarter
Income (loss) from domestic operations and net equity income from foreign joint ventures' operations	`IncomeLossFromDomesticOperationsAndNetEquityIncomeFromForeignJointVentures`	$472.00K	USD	1 Quarter
Interest expense and other, net	`InterestExpense`	$49.00K	USD	1 Quarter
Interest expense and other, net	`InterestExpense`	$45.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-531.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$423.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-207.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$89.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$334.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-324.00K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.86M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.76M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.76M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net Income (loss)	`NetIncomeLoss`	$334.00K	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-324.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$89.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-212.00K	USD	1 Quarter
Equity income from foreign joint ventures' operations	`IncomeLossFromEquityMethodInvestments`	$771.00K	USD	1 Quarter
Equity income from foreign joint ventures' operations	`IncomeLossFromEquityMethodInvestments`	$237.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$192.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$220.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$104.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$45.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$30.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$30.00K	USD	1 Quarter
Allowance for obsolete inventory	`InventoryWriteDown`	$8.00K	USD	1 Quarter
Allowance for obsolete inventory	`InventoryWriteDown`	$8.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	1 Quarter
Deferred compensation costs	`DeferredCompensationArrangementWithIndividualCompensationExpense`	$6.00K	USD	1 Quarter
Deferred compensation costs	`DeferredCompensationArrangementWithIndividualCompensationExpense`	$1.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$123.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-1.44M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$430.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$25.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInContractReceivablesNet`	$-1.44M	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInContractReceivablesNet`	$1.15M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$473.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-184.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-818.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-311.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$2.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$2.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-729.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$552.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$151.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$86.00K	USD	1 Quarter
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.00K	USD	1 Quarter
Investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$27.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$104.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-242.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-107.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$7.00K	USD	1 Quarter
Treasury stock purchase, in accordance with the employee stock incentive plan	`PaymentsForRepurchaseOfCommonStock`	$92.00K	USD	1 Quarter
Capital lease obligation payment	`RepaymentsOfLongTermCapitalLeaseObligations`	$40.00K	USD	1 Quarter
Capital lease obligation payment	`RepaymentsOfLongTermCapitalLeaseObligations`	$37.00K	USD	1 Quarter
Principal payments on short-term notes payable	`RepaymentsOfNotesPayable`	$25.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-54.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-125.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.10M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$391.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.75M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.65M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Cash and cash equivalents, end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$3.75M	USD	Point-in-time
Cash and cash equivalents, end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash and cash equivalents, end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$2.65M	USD	Point-in-time
Cash and cash equivalents, end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$1.75M	USD	Point-in-time
Interest paid	`InterestPaid`	$37.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$50.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issuance to acquire intangible assets	`StockIssued1`	$219.00K	USD	1 Quarter

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