10-Q Filing

AVALON HOLDINGS CORP CIK: 1061069 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-009327`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	awx-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 26 Cash Flow Statement 69 Stockholders Equity 7

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$262.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$251.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$255.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$237.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.24M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $262 at March 31, 2019 and $255 at December 31, 2018	`AccountsReceivableNetCurrent`	$12.20M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $262 at March 31, 2019 and $255 at December 31, 2018	`AccountsReceivableNetCurrent`	$11.19M	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$672.00K	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$554.00K	USD	Point-in-time
Inventories	`InventoryNet`	$919.00K	USD	Point-in-time
Inventories	`InventoryNet`	$820.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$622.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$646.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$31.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$39.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.63M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$43.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.53M	USD	Point-in-time
Property and equipment under finance leases, net	`FinanceLeaseRightOfUseAsset`	$5.98M	USD	Point-in-time
Property and equipment under finance leases, net	`FinanceLeaseRightOfUseAsset`	$6.07M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.63M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$2.98M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$502.00K	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`	$26.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$27.00K	USD	Point-in-time
Total assets	`Assets`	$64.77M	USD	Point-in-time
Total assets	`Assets`	$68.63M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$578.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$709.00K	USD	Point-in-time
Current portion of obligations under finance leases	`FinanceLeaseLiabilityCurrent`	$236.00K	USD	Point-in-time
Current portion of obligations under finance leases	`FinanceLeaseLiabilityCurrent`	$239.00K	USD	Point-in-time
Current portion of obligations under operating leases	`OperatingLeaseLiabilityCurrent`	$493.00K	USD	Point-in-time
Current portion of obligations under operating leases	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.45M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$872.00K	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$824.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$84.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$81.00K	USD	Point-in-time
Other accrued taxes	`TaxesPayableCurrent`	$306.00K	USD	Point-in-time
Other accrued taxes	`TaxesPayableCurrent`	$405.00K	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$2.90M	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$3.32M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$784.00K	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$793.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.03M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$10.17M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$12.85M	USD	Point-in-time
Obligations under finance leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$688.00K	USD	Point-in-time
Obligations under finance leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$676.00K	USD	Point-in-time
Obligations under operating leases, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$1.14M	USD	Point-in-time
Obligations under operating leases, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	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`	$59.14M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$59.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.34M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$36.84M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$37.48M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$-1.00K	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$14.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.84M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.49M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$64.77M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$68.63M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.61M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.52M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$600.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$729.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.23M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.23M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-518.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-784.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$163.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$171.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$68.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$60.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-613.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-895.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-653.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-914.00K	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`	$-15.00K	USD	1 Quarter
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-638.00K	USD	1 Quarter
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-799.00K	USD	1 Quarter
Basic and diluted net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Basic and diluted net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.21	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`	3.88M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-653.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-914.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$600.00K	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`	$6.00K	USD	1 Quarter
Compensation costs - stock options	`ShareBasedCompensation`	$2.00K	USD	1 Quarter
Compensation costs - stock options	`ShareBasedCompensation`	$1.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$11.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$9.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.61M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.00M	USD	1 Quarter
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$114.00K	USD	1 Quarter
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$118.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$99.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$132.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$25.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-887.00K	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-48.00K	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-71.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-71.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-99.00K	USD	1 Quarter
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$417.00K	USD	1 Quarter
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$409.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$187.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-9.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$770.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-129.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$272.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$369.00K	USD	1 Quarter
Acquisition of Boardman Tennis Center facility	`PaymentsToAcquireBuildings`	$1.27M	USD	1 Quarter
Acquisition of Boardman Tennis Center facility	`PaymentsToAcquireBuildings`	-	USD	1 Quarter
Acquisition of Boardman Tennis Center facility	`PaymentsToAcquireBuildings`	$1.30M	USD	Point-in-time
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.54M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-369.00K	USD	1 Quarter
Proceeds under term loan facility	`ProceedsFromIssuanceOfLongTermDebt`	$3.00M	USD	1 Quarter
Proceeds under term loan facility	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$42.00K	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Principal payments on term loan facility	`RepaymentsOfLongTermDebt`	$139.00K	USD	1 Quarter
Principal payments on term loan facility	`RepaymentsOfLongTermDebt`	$146.00K	USD	1 Quarter
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$3.00K	USD	1 Quarter
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$9.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-142.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.80M	USD	1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.31M	USD	1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-913.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.21M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.85M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.94M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.91M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.21M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.85M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.94M	USD	Point-in-time
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$924.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$24.00K	USD	1 Quarter
Operating lease right-of-use assets in exchange for lease obligaitons	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.68M	USD	1 Quarter
Operating lease right-of-use assets in exchange for lease obligaitons	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$153.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$165.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$32.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$43.00K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.84M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.49M	USD	Point-in-time
Stock options - compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-653.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-914.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.84M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.49M	USD	Point-in-time

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