10-Q Filing

AVALON HOLDINGS CORP CIK: 1061069 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-020679`
Period End Date	20140930
Filing Date	20141113
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	awx-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 65 Cash Flow Statement 66

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Property and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets`	$13.56M	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets`	$14.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Leased property under capital leases, accumulated depreciation and amortization	`CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation`	$3.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Leased property under capital leases, accumulated depreciation and amortization	`CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation`	$3.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.66M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.20M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$349.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$591.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$3.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$3.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$830.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.43M	USD	Point-in-time
Property and equipment, less accumulated depreciation and amortization of $14,693 in 2014 and $13,556 in 2013	`PropertyPlantAndEquipmentNet`	$33.25M	USD	Point-in-time
Property and equipment, less accumulated depreciation and amortization of $14,693 in 2014 and $13,556 in 2013	`PropertyPlantAndEquipmentNet`	$27.56M	USD	Point-in-time
Leased property under capital leases, less accumulated depreciation and amortization of $3,755 in 2014 and $3,397 in 2013	`CapitalLeasesBalanceSheetAssetsByMajorClassNet`	$6.51M	USD	Point-in-time
Leased property under capital leases, less accumulated depreciation and amortization of $3,755 in 2014 and $3,397 in 2013	`CapitalLeasesBalanceSheetAssetsByMajorClassNet`	$6.72M	USD	Point-in-time
Noncurrent deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$8.00K	USD	Point-in-time
Noncurrent deferred tax asset	`DeferredTaxAssetsNetNoncurrent`	$8.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$911.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$108.00K	USD	Point-in-time
Total assets	`Assets`	$55.58M	USD	Point-in-time
Total assets	`Assets`	$58.12M	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$57.00K	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$56.00K	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$2.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.49M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$549.00K	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$888.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$1.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$6.00K	USD	Point-in-time
Other accrued taxes	`TaxesPayableCurrent`	$315.00K	USD	Point-in-time
Other accrued taxes	`TaxesPayableCurrent`	$307.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.62M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.27M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$365.00K	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$802.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.08M	USD	Point-in-time
Obligations under capital leases	`CapitalLeaseObligationsNoncurrent`	$349.00K	USD	Point-in-time
Obligations under capital leases	`CapitalLeaseObligationsNoncurrent`	$390.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$75.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$75.00K	USD	Point-in-time
Deferred rental income	`DeferredRentCreditNoncurrent`	$160.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.77M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.39M	USD	Point-in-time
Total Avalon Holdings Corporation shareholders equity	`StockholdersEquity`	$40.42M	USD	Point-in-time
Total Avalon Holdings Corporation shareholders equity	`StockholdersEquity`	$39.81M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$3.05M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$3.65M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$43.45M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$43.47M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$58.12M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$55.58M	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net operating revenues	`SalesRevenueNet`	$46.79M	USD	3 Qtrs
Net operating revenues	`SalesRevenueNet`	$14.44M	USD	1 Quarter
Net operating revenues	`SalesRevenueNet`	$16.39M	USD	1 Quarter
Net operating revenues	`SalesRevenueNet`	$37.44M	USD	3 Qtrs
Costs of operations	`CostOfRevenue`	$39.02M	USD	3 Qtrs
Costs of operations	`CostOfRevenue`	$30.87M	USD	3 Qtrs
Costs of operations	`CostOfRevenue`	$11.57M	USD	1 Quarter
Costs of operations	`CostOfRevenue`	$13.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$579.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.56M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$408.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.22M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.83M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.94M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$131.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-829.00K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$608.00K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$401.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$31.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$51.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$213.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$232.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$56.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-646.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$162.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$451.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$825.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$95.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$58.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$415.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$730.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-704.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$134.00K	USD	1 Quarter
Less net income (loss) attributable to non-controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-15.00K	USD	3 Qtrs
Less net income (loss) attributable to non-controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$36.00K	USD	1 Quarter
Net income (loss) of Avalon Holdings Corporation common shareholders	`ProfitLoss`	$730.00K	USD	3 Qtrs
Net income (loss) of Avalon Holdings Corporation common shareholders	`ProfitLoss`	$-689.00K	USD	3 Qtrs
Net income (loss) of Avalon Holdings Corporation common shareholders	`ProfitLoss`	$98.00K	USD	1 Quarter
Net income (loss) of Avalon Holdings Corporation common shareholders	`ProfitLoss`	$415.00K	USD	1 Quarter
Basic net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	3 Qtrs
Basic net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$0.19	USD	3 Qtrs
Basic net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Dilutive net income (loss) per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	3 Qtrs
Dilutive net income (loss) per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Dilutive net income (loss) per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.18	USD	3 Qtrs
Dilutive net income (loss) per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Weighted average shares outstanding basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.80M	shares	1 Quarter
Weighted average shares outstanding basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.80M	shares	3 Qtrs
Weighted average shares outstanding basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.80M	shares	1 Quarter
Weighted average shares outstanding basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.80M	shares	3 Qtrs
Weighted average shares outstanding diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.06M	shares	3 Qtrs
Weighted average shares outstanding diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.10M	shares	1 Quarter
Weighted average shares outstanding diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.80M	shares	3 Qtrs
Weighted average shares outstanding diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.08M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$415.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$730.00K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-704.00K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$134.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$579.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.56M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$408.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.22M	USD	3 Qtrs
Compensation costs stock options	`ShareBasedCompensation`	$96.00K	USD	3 Qtrs
Compensation costs stock options	`ShareBasedCompensation`	$60.00K	USD	3 Qtrs
Deferred rental income	`DeferredRentalIncome`	$16.00K	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$33.00K	USD	3 Qtrs
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$15.00K	USD	3 Qtrs
Gain from disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$20.00K	USD	3 Qtrs
Gain from disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-512.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.05M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$242.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$50.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$119.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$185.00K	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-12.00K	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$4.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$957.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.94M	USD	3 Qtrs
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$318.00K	USD	3 Qtrs
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$339.00K	USD	3 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.00K	USD	3 Qtrs
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$32.00K	USD	3 Qtrs
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$8.00K	USD	3 Qtrs
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-75.00K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$442.00K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$358.00K	USD	3 Qtrs
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$346.00K	USD	3 Qtrs
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$77.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.56M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$147.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.16M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$820.00K	USD	3 Qtrs
Acquisition of Magnuson Grand Hotel	`PaymentsToAcquireBusinessesGross`	$3.12M	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00K	USD	3 Qtrs
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.27M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-800.00K	USD	3 Qtrs
Proceeds from subsidiary private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	$700.00K	USD	3 Qtrs
Borrowing under line of credit	`ProceedsFromLinesOfCredit`	$2.90M	USD	3 Qtrs
Cash distributions to non-controlling interest in subsidiary	`PaymentsToMinorityShareholders`	$87.00K	USD	3 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$40.00K	USD	3 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$40.00K	USD	3 Qtrs
Contribution to paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$-7.00K	USD	3 Qtrs
Contribution to paid-in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$-17.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.49M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.00K	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$730.00K	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.63M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$8.62M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.89M	USD	Point-in-time
Capital lease obligations incurred	`CapitalLeaseObligationsIncurred`	$280.00K	USD	3 Qtrs
Deferred rental income for the acquisition of The Magnuson Grand Hotel	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$266.00K	USD	3 Qtrs
Capital expenditures included in accounts payable at September 30, 2014	`CapitalExpendituresIncurredButNotYetPaid`	$323.00K	USD	3 Qtrs

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