10-Q Filing

AVALON HOLDINGS CORP CIK: 1061069 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-009435`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	awx-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 26 Cash Flow Statement 71 Stockholders Equity 7

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$251.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$237.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $251 in 2018 and $237 in 2017	`AccountsReceivableNetCurrent`	$9.91M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $251 in 2018 and $237 in 2017	`AccountsReceivableNetCurrent`	$8.28M	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$580.00K	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$694.00K	USD	Point-in-time
Inventories	`InventoryNet`	$850.00K	USD	Point-in-time
Inventories	`InventoryNet`	$982.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$512.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$506.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$34.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$43.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.16M	USD	Point-in-time
Leased property under capital leases, net	`CapitalLeasesBalanceSheetAssetsByMajorClassNet`	$6.36M	USD	Point-in-time
Leased property under capital leases, net	`CapitalLeasesBalanceSheetAssetsByMajorClassNet`	$6.28M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.33M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$2.83M	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`	$62.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$62.00K	USD	Point-in-time
Total assets	`Assets`	$65.38M	USD	Point-in-time
Total assets	`Assets`	$63.94M	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$215.00K	USD	Point-in-time
Current portion of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$212.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$547.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$554.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.83M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$668.00K	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$739.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$26.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$13.00K	USD	Point-in-time
Other accrued taxes	`TaxesPayableCurrent`	$314.00K	USD	Point-in-time
Other accrued taxes	`TaxesPayableCurrent`	$372.00K	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$3.15M	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$2.72M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$845.00K	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$658.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.10M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$10.60M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$10.74M	USD	Point-in-time
Obligations under capital leases, net of current portion	`CapitalLeaseObligationsNoncurrent`	$851.00K	USD	Point-in-time
Obligations under capital leases, net of current portion	`CapitalLeaseObligationsNoncurrent`	$857.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$100.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$100.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.97M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.56M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$37.65M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$38.45M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$2.01M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$2.13M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$40.57M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.66M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$63.94M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$65.38M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.70M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.52M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$748.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$729.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.23M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-784.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-901.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$175.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$171.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$60.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$77.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-895.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-999.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-914.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.02M	USD	1 Quarter
Less net loss attributable to non-controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-115.00K	USD	1 Quarter
Less net loss attributable to non-controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-93.00K	USD	1 Quarter
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-799.00K	USD	1 Quarter
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-926.00K	USD	1 Quarter
Basic and diluted net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.21	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 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-914.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.02M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$748.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$729.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$6.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$5.00K	USD	1 Quarter
Compensation costs - stock options	`ShareBasedCompensation`	$5.00K	USD	1 Quarter
Compensation costs - stock options	`ShareBasedCompensation`	$2.00K	USD	1 Quarter
Deferred rental income	`DeferredRentalIncome`	-	USD	1 Quarter
Deferred rental income	`DeferredRentalIncome`	$22.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$3.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$11.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.57M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.61M	USD	1 Quarter
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$114.00K	USD	1 Quarter
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$206.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$146.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$132.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$16.00K	USD	1 Quarter
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$6.00K	USD	1 Quarter
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-887.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.05M	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-71.00K	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$150.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-48.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-71.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-152.00K	USD	1 Quarter
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$482.00K	USD	1 Quarter
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$409.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$134.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$187.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-581.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$770.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$460.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$272.00K	USD	1 Quarter
Acquisition of Boardman Tennis Center facility	`PaymentsToAcquireBuildings`	-	USD	1 Quarter
Acquisition of Boardman Tennis Center facility	`PaymentsToAcquireBuildings`	$1.27M	USD	1 Quarter
Acquisition of Boardman Tennis Center facility	`PaymentsToAcquireBuildings`	$1.30M	USD	Point-in-time
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-460.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.54M	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$32.00K	USD	1 Quarter
Principal payments on term loan facility	`RepaymentsOfLongTermDebt`	$131.00K	USD	1 Quarter
Principal payments on term loan facility	`RepaymentsOfLongTermDebt`	$139.00K	USD	1 Quarter
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$16.00K	USD	1 Quarter
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$3.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-142.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-179.00K	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.22M	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-913.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.85M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.98M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.94M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.85M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.98M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.94M	USD	Point-in-time
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$24.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$70.00K	USD	1 Quarter
Capital lease obligations incurred	`CapitalLeaseObligationsIncurred`	$630.00K	USD	1 Quarter
Capital lease obligations incurred	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$170.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$165.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$75.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$32.00K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$40.57M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.66M	USD	Point-in-time
Stock options - compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$2.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-914.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.02M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$40.57M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$39.66M	USD	Point-in-time

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