10-Q Filing

HALLWOOD GROUP INC CIK: 355766 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-196981`
Period End Date	20140331
Filing Date	20140513
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	hwg-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 6 Comprehensive Income 6

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Long term portion of loans payable, Related Party	`LoansPayableToRelatedParty`	$5.41M	USD	Point-in-time
Long term portion of loans payable, Related Party	`LoansPayableToRelatedParty`	$5.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.53M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$209.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	870,939.00	shares	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$13.73M	USD	Point-in-time
Factors	`AccountsReceivableFactorsCurrent`	$11.93M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$4.38M	USD	Point-in-time
Trade and other	`AccountsReceivableTradeAndOtherCurrent`	$3.26M	USD	Point-in-time
Inventories	`InventoryNet`	$24.21M	USD	Point-in-time
Inventories	`InventoryNet`	$23.48M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$113.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$112.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$579.00K	USD	Point-in-time
Prepaids, deposits and other assets	`DepositsAssetsCurrent`	$724.00K	USD	Point-in-time
Income taxes receivable / prepaid income taxes	`PrepaidTaxes`	$361.00K	USD	Point-in-time
Income taxes receivable / prepaid income taxes	`PrepaidTaxes`	$77.00K	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$41.78M	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$42.44M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$19.31M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$19.58M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$108.00K	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$19.40M	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$19.69M	USD	Point-in-time
Total Assets	`Assets`	$61.18M	USD	Point-in-time
Total Assets	`Assets`	$62.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.62M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.20M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.02M	USD	Point-in-time
Accounts payable - related parties, net	`AccountsPayableRelatedPartiesCurrent`	$752.00K	USD	Point-in-time
Accounts payable - related parties, net	`AccountsPayableRelatedPartiesCurrent`	$978.00K	USD	Point-in-time
Liabilities, Current, Total	`LiabilitiesCurrent`	$17.68M	USD	Point-in-time
Liabilities, Current, Total	`LiabilitiesCurrent`	$16.57M	USD	Point-in-time
Long term portion of loans payable (includes $5,411 and $5,411 to related party as of March 31, 2014 and December 31, 2013, respectively)	`LongTermLineOfCredit`	$6.59M	USD	Point-in-time
Long term portion of loans payable (includes $5,411 and $5,411 to related party as of March 31, 2014 and December 31, 2013, respectively)	`LongTermLineOfCredit`	$9.34M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$187.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$187.00K	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$6.77M	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$9.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$27.21M	USD	Point-in-time
Total Liabilities	`Liabilities`	$23.34M	USD	Point-in-time
Contingencies and Commitments (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and Commitments (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, issued 2,396,105 shares for both periods; outstanding 1,525,166 shares for both periods	`CommonStockValue`	$240.00K	USD	Point-in-time
Common stock, issued 2,396,105 shares for both periods; outstanding 1,525,166 shares for both periods	`CommonStockValue`	$240.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.70M	USD	Point-in-time
Retained earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$253.00K	USD	Point-in-time
Retained earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-4.56M	USD	Point-in-time
Treasury stock, 870,939 shares for both periods; at cost	`TreasuryStockValue`	$13.40M	USD	Point-in-time
Treasury stock, 870,939 shares for both periods; at cost	`TreasuryStockValue`	$13.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$33.97M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$38.79M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$61.18M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$62.13M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Textile products sales	`SalesRevenueGoodsNet`	$31.28M	USD	1 Quarter
Textile products sales	`SalesRevenueGoodsNet`	$24.12M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$24.33M	USD	1 Quarter
Textile products cost of sales	`CostOfGoodsSold`	$27.46M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$4.68M	USD	1 Quarter
Administrative and selling expenses	`SellingGeneralAndAdministrativeExpense`	$4.97M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$29.00M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$32.43M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.14M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$113.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$193.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.34M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-180.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.82M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-3.16	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.88	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.88	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-3.16	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.52M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.82M	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$610.00K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationDepletionAndAmortization`	$600.00K	USD	1 Quarter
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$48.00K	USD	1 Quarter
Provision (recovery) for obsolete inventory	`InventoryWriteDown`	$60.00K	USD	1 Quarter
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-23.00K	USD	1 Quarter
Provision (recovery) for doubtful accounts and factor dilution	`ProvisionForDoubtfulAccountsAndFactorDilutionDeferredTaxExpense`	$-16.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.23M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-710.00K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.65M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.32M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-1.68M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$783.00K	USD	1 Quarter
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$283.00K	USD	1 Quarter
Net change in income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$33.00K	USD	1 Quarter
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$53.00K	USD	1 Quarter
Increase (decrease) in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$247.00K	USD	1 Quarter
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-133.00K	USD	1 Quarter
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-150.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.75M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.02M	USD	1 Quarter
Investments in property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$577.00K	USD	1 Quarter
Investments in property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$415.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-415.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-577.00K	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$10.97M	USD	1 Quarter
Proceeds from revolving credit facilities	`ProceedsFromLinesOfCredit`	$12.96M	USD	1 Quarter
Repayments of revolving credit facilities	`RepaymentsOfLinesOfCredit`	$15.62M	USD	1 Quarter
Repayments of revolving credit facilities	`RepaymentsOfLinesOfCredit`	$8.22M	USD	1 Quarter
Proceeds from loans payable	`ProceedsFromRepaymentsOfNotesPayable`	$300.00K	USD	1 Quarter
Proceeds from loans payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayments of loans payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayments of loans payable	`RepaymentsOfNotesPayable`	$79.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.75M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.43M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-844.00K	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-102.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$193.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$209.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$193.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.05M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$91.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$209.00K	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$33.97M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$38.79M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.82M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$33.97M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$38.79M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.82M	USD	1 Quarter
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss) None	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-4.82M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.34M	USD	1 Quarter

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