10-Q Filing

AVALON HOLDINGS CORP CIK: 1061069 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001437749-21-012110`
Period End Date	20210331
Filing Date	20210513
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	awx-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 70 Stockholders Equity 12

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Accounts receivable, less allowance for credit losses	`AccountsReceivableNetCurrent`	$8.74M	USD	Point-in-time
Accounts receivable, less allowance for credit losses	`AccountsReceivableNetCurrent`	$10.69M	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$701.00K	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$585.00K	USD	Point-in-time
Inventories	`InventoryNet`	$1.14M	USD	Point-in-time
Inventories	`InventoryNet`	$910.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$730.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$893.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$50.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$80.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.51M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$51.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$51.30M	USD	Point-in-time
Property and equipment under finance leases, net	`FinanceLeaseRightOfUseAsset`	$5.74M	USD	Point-in-time
Property and equipment under finance leases, net	`FinanceLeaseRightOfUseAsset`	$5.79M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.73M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.73M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$3.88M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$3.37M	USD	Point-in-time
Noncurrent deferred tax asset	`DeferredIncomeTaxAssetsNet`	$8.00K	USD	Point-in-time
Noncurrent deferred tax asset	`DeferredIncomeTaxAssetsNet`	$8.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$36.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$36.00K	USD	Point-in-time
Total assets	`Assets`	$79.78M	USD	Point-in-time
Total assets	`Assets`	$77.95M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.59M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.47M	USD	Point-in-time
Current portion of obligations under finance leases	`FinanceLeaseLiabilityCurrent`	$333.00K	USD	Point-in-time
Current portion of obligations under finance leases	`FinanceLeaseLiabilityCurrent`	$333.00K	USD	Point-in-time
Current portion of obligations under operating leases	`OperatingLeaseLiabilityCurrent`	$532.00K	USD	Point-in-time
Current portion of obligations under operating leases	`OperatingLeaseLiabilityCurrent`	$529.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.44M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$809.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$43.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$67.00K	USD	Point-in-time
Other accrued taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$422.00K	USD	Point-in-time
Other accrued taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$461.00K	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$3.20M	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$4.12M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$1.07M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$1.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.56M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$20.72M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$21.94M	USD	Point-in-time
Obligations under finance leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$560.00K	USD	Point-in-time
Obligations under finance leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$546.00K	USD	Point-in-time
Long-term portion of obligations under leases, operating	`OperatingLeaseLiabilityNoncurrent`	$1.19M	USD	Point-in-time
Long-term portion of obligations under leases, operating	`OperatingLeaseLiabilityNoncurrent`	$1.20M	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`	$59.20M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$59.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.43M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$37.09M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$37.81M	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$-154.00K	USD	Point-in-time
Non-controlling interest in subsidiary	`MinorityInterest`	$-126.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.13M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.66M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.97M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.96M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$79.78M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$77.95M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.11M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.40M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$699.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$764.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.28M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.23M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-557.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-146.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$297.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$307.00K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.09M	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$87.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$78.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$731.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-786.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$43.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$44.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$688.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-830.00K	USD	1 Quarter
Less net loss attributable to non-controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-28.00K	USD	1 Quarter
Less net loss attributable to non-controlling interest in subsidiary	`NetIncomeLossAttributableToNoncontrollingInterest`	$-17.00K	USD	1 Quarter
Net income (loss) attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-813.00K	USD	1 Quarter
Net income (loss) attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$716.00K	USD	1 Quarter
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	1 Quarter
Basic net income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted net income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.21	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.90M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.88M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.88M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.94M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$688.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-830.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$699.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$764.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$10.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$11.00K	USD	1 Quarter
Compensation costs - stock options	`ShareBasedCompensation`	$1.00K	USD	1 Quarter
Compensation costs - stock options	`ShareBasedCompensation`	$1.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$5.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-5.00K	USD	1 Quarter
(Gain) loss from disposal of equipment	`GainLossOnDispositionOfAssets1`	$3.00K	USD	1 Quarter
(Gain) loss from disposal of equipment	`GainLossOnDispositionOfAssets1`	$-3.00K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.09M	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.03M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.94M	USD	1 Quarter
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$211.00K	USD	1 Quarter
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$116.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$236.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$228.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$163.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$135.00K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-30.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.68M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.16M	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$293.00K	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$74.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$24.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-21.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-29.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-39.00K	USD	1 Quarter
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$865.00K	USD	1 Quarter
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$926.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-49.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$57.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$263.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-400.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$977.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$668.00K	USD	1 Quarter
Proceeds from disposal of vehicle	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from disposal of vehicle	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-977.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-665.00K	USD	1 Quarter
Principal payments on term loan facilities	`RepaymentsOfLongTermDebt`	$273.00K	USD	1 Quarter
Principal payments on term loan facilities	`RepaymentsOfLongTermDebt`	$259.00K	USD	1 Quarter
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$24.00K	USD	1 Quarter
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$14.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-283.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-287.00K	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.66M	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-689.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.63M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.41M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.97M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.63M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.41M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.97M	USD	Point-in-time
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$367.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$192.00K	USD	1 Quarter
Operating lease right-of-use assets in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Operating lease right-of-use assets in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$37.00K	USD	1 Quarter
Finance lease obligations incurred	`CapitalLeaseObligationsIncurred`	$47.00K	USD	1 Quarter
Finance lease obligations incurred	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$294.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$296.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$65.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$19.00K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.13M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.66M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.96M	USD	Point-in-time
Stock options - compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.00K	USD	1 Quarter
Stock options - compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$688.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-830.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.13M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.66M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.96M	USD	Point-in-time

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