10-Q Filing

AVALON HOLDINGS CORP CIK: 1061069 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-031873`
Period End Date	20160331
Filing Date	20160513
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	awx-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 28 Cash Flow Statement 60 Stockholders Equity 7

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$222.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$235.00K	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$17.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Property and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$17.23M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $222 in 2016 and $235 in 2015	`AccountsReceivableNetCurrent`	$9.58M	USD	Point-in-time
Leased property under capital leases, accumulated depreciation and amortization	`CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation`	$4.42M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $222 in 2016 and $235 in 2015	`AccountsReceivableNetCurrent`	$8.75M	USD	Point-in-time
Leased property under capital leases, accumulated depreciation and amortization	`CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation`	$4.31M	USD	Point-in-time
Inventories	`InventoryNet`	$856.00K	USD	Point-in-time
Inventories	`InventoryNet`	$830.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$487.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$462.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$15.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$33.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$35.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$45.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.37M	USD	Point-in-time
Property and equipment, less accumulated depreciation and amortization of $17,810 in 2016 and $17,233 in 2015	`PropertyPlantAndEquipmentNet`	$43.70M	USD	Point-in-time
Property and equipment, less accumulated depreciation and amortization of $17,810 in 2016 and $17,233 in 2015	`PropertyPlantAndEquipmentNet`	$43.39M	USD	Point-in-time
Leased property under capital leases, less accumulated depreciation and amortization of $4,417 in 2016 and $4,310 in 2015	`CapitalLeasesBalanceSheetAssetsByMajorClassNet`	$6.04M	USD	Point-in-time
Leased property under capital leases, less accumulated depreciation and amortization of $4,417 in 2016 and $4,310 in 2015	`CapitalLeasesBalanceSheetAssetsByMajorClassNet`	$5.94M	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`	$78.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$78.00K	USD	Point-in-time
Total assets	`Assets`	$61.09M	USD	Point-in-time
Total assets	`Assets`	$62.30M	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$59.00K	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$59.00K	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	$8.48M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.02M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$618.00K	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$639.00K	USD	Point-in-time
Other accrued taxes	`TaxesPayableCurrent`	$380.00K	USD	Point-in-time
Other accrued taxes	`TaxesPayableCurrent`	$301.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.40M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.80M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$667.00K	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$763.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.15M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$7.97M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	-	USD	Point-in-time
Obligations under capital leases, net of current portion	`CapitalLeaseObligationsNoncurrent`	$259.00K	USD	Point-in-time
Obligations under capital leases, net of current portion	`CapitalLeaseObligationsNoncurrent`	$274.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$100.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$100.00K	USD	Point-in-time
Deferred rental income	`DeferredRentCreditNoncurrent`	$28.00K	USD	Point-in-time
Deferred rental income	`DeferredRentCreditNoncurrent`	$50.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.93M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.18M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$38.78M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$37.88M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$2.98M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$2.88M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.76M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$40.77M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$62.30M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$61.09M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net operating revenues	`SalesRevenueNet`	$11.00M	USD	1 Quarter
Net operating revenues	`SalesRevenueNet`	$10.70M	USD	1 Quarter
Costs of operations	`CostOfRevenue`	$9.42M	USD	1 Quarter
Costs of operations	`CostOfRevenue`	$9.31M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$638.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$686.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.03M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-976.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$87.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$72.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$72.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-991.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.22M	USD	1 Quarter
Less net loss attributable to non-controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-179.00K	USD	1 Quarter
Less net loss attributable to non-controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-92.00K	USD	1 Quarter
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-908.00K	USD	1 Quarter
Basic and diluted net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Basic and diluted net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.80M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.80M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.22M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$638.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$686.00K	USD	1 Quarter
Compensation costs - stock options	`ShareBasedCompensation`	$17.00K	USD	1 Quarter
Compensation costs - stock options	`ShareBasedCompensation`	$10.00K	USD	1 Quarter
Deferred rental income	`DeferredRentalIncome`	$22.00K	USD	1 Quarter
Deferred rental income	`DeferredRentalIncome`	$23.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$3.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$3.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-827.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-789.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$26.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$85.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-25.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$18.00K	USD	1 Quarter
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-18.00K	USD	1 Quarter
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$10.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-9.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.53M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.26M	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-69.00K	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$21.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-8.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-79.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-109.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$322.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$399.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-63.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$96.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-567.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$494.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.88M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.88M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-494.00K	USD	1 Quarter
Borrowings under line of credit facilities	`ProceedsFromLinesOfCredit`	$1.20M	USD	1 Quarter
Borrowings under line of credit facilities	`ProceedsFromLinesOfCredit`	$510.00K	USD	1 Quarter
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$14.00K	USD	1 Quarter
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$15.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$495.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.19M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.79M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-566.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.54M	USD	Point-in-time
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$884.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$403.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$87.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$38.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$5.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$25.00K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.76M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$40.77M	USD	Point-in-time
Stock options - compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$10.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.22M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$41.76M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$40.77M	USD	Point-in-time

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