10-Q Filing

AVALON HOLDINGS CORP CIK: 1061069 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-013661`
Period End Date	20230331
Filing Date	20230510
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	awx20230331_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 30 Cash Flow Statement 66 Stockholders Equity 13

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Accounts receivable, less allowance for credit losses	`AccountsReceivableNetCurrent`	$11.13M	USD	Point-in-time
Accounts receivable, less allowance for credit losses	`AccountsReceivableNetCurrent`	$13.43M	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$747.00K	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$599.00K	USD	Point-in-time
Inventories	`InventoryNet`	$1.46M	USD	Point-in-time
Inventories	`InventoryNet`	$1.73M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.46M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.17M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$105.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$39.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.04M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.80M	USD	Point-in-time
Property and equipment under finance leases, net	`FinanceLeaseRightOfUseAsset`	$5.00M	USD	Point-in-time
Property and equipment under finance leases, net	`FinanceLeaseRightOfUseAsset`	$5.16M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.39M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.41M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$10.44M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$10.43M	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`	$35.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$36.00K	USD	Point-in-time
Total assets	`Assets`	$92.75M	USD	Point-in-time
Total assets	`Assets`	$89.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$503.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$511.00K	USD	Point-in-time
Current portion of obligations under finance leases	`FinanceLeaseLiabilityCurrent`	$139.00K	USD	Point-in-time
Current portion of obligations under finance leases	`FinanceLeaseLiabilityCurrent`	$115.00K	USD	Point-in-time
Current portion of obligations under operating leases	`OperatingLeaseLiabilityCurrent`	$424.00K	USD	Point-in-time
Current portion of obligations under operating leases	`OperatingLeaseLiabilityCurrent`	$432.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.99M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.38M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$989.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$103.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$96.00K	USD	Point-in-time
Other accrued taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$540.00K	USD	Point-in-time
Other accrued taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$406.00K	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$3.64M	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$4.90M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$1.54M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$1.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.00M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$29.62M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$29.76M	USD	Point-in-time
Line of credit	`LongTermLineOfCredit`	$2.20M	USD	Point-in-time
Line of credit	`LongTermLineOfCredit`	$1.55M	USD	Point-in-time
Obligations under finance leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$509.00K	USD	Point-in-time
Obligations under finance leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$381.00K	USD	Point-in-time
Obligations under operating leases, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$974.00K	USD	Point-in-time
Obligations under operating leases, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$962.00K	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`	$59.20M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$59.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.75M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$38.49M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$36.81M	USD	Point-in-time
Non-controlling interest in subsidiaries	`MinorityInterest`	$-469.00K	USD	Point-in-time
Non-controlling interest in subsidiaries	`MinorityInterest`	$-347.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.98M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.72M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.34M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.14M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$89.75M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$92.75M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.38M	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.31M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$829.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$940.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.27M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.53M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.33M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.17M	USD	1 Quarter
Interest expense	`InterestExpense`	$515.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$278.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$64.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$81.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.77M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.40M	USD	1 Quarter
Less net loss attributable to non-controlling interest in subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$-122.00K	USD	1 Quarter
Less net loss attributable to non-controlling interest in subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$-138.00K	USD	1 Quarter
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-1.26M	USD	1 Quarter
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-1.68M	USD	1 Quarter
Basic net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.32	USD	1 Quarter
Basic net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.43	USD	1 Quarter
Diluted net loss per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.43	USD	1 Quarter
Diluted net loss per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.32	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.90M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.90M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.90M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.90M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.40M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$829.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$940.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$11.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$10.00K	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`	$3.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$2.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.30M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$806.00K	USD	1 Quarter
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$182.00K	USD	1 Quarter
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$148.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$253.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$270.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$184.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$284.00K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-67.00K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-62.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.13M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-582.00K	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$464.00K	USD	1 Quarter
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$392.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-7.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-134.00K	USD	1 Quarter
Other accrued taxes	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-67.00K	USD	1 Quarter
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.26M	USD	1 Quarter
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.58M	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$390.00K	USD	1 Quarter
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$116.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$246.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-402.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.28M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.10M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.28M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.10M	USD	1 Quarter
Principal payments on term loan facilities	`RepaymentsOfLongTermDebt`	$138.00K	USD	1 Quarter
Principal payments on term loan facilities	`RepaymentsOfLongTermDebt`	$287.00K	USD	1 Quarter
Borrowings under line of credit facility	`ProceedsFromLinesOfCredit`	$650.00K	USD	1 Quarter
Borrowings under line of credit facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$2.00K	USD	1 Quarter
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$13.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-158.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$510.00K	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-342.00K	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.84M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.95M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.95M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.71M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.11M	USD	Point-in-time
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$76.00K	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$614.00K	USD	1 Quarter
Operating lease right-of-use assets in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$35.00K	USD	1 Quarter
Operating lease right-of-use assets in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$31.00K	USD	1 Quarter
Finance lease obligations incurred	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Finance lease obligations incurred	`CapitalLeaseObligationsIncurred`	$154.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$498.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$264.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$13.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$38.00K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.98M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.72M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.14M	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 loss	`ProfitLoss`	$-1.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.40M	USD	1 Quarter
Investment in subsidiary from accredited investor	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$142.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.98M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.72M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.14M	USD	Point-in-time

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