10-K Filing

AVALON HOLDINGS CORP CIK: 1061069 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001437749-24-008877`
Period End Date	20231231
Filing Date	20240321
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	awx20231231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 26 Cash Flow Statement 66 Stockholders Equity 11

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$260.00K	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$260.00K	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$265.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Accounts receivable, less allowance for credit losses of $260 at December 31, 2023 and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$11.13M	USD	Point-in-time
Accounts receivable, less allowance for credit losses of $260 at December 31, 2023 and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$9.50M	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$599.00K	USD	Point-in-time
Unbilled membership dues receivable	`ContractWithCustomerAssetNetCurrent`	$567.00K	USD	Point-in-time
Inventories	`InventoryNet`	$1.66M	USD	Point-in-time
Inventories	`InventoryNet`	$1.46M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.17M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.12M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$105.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.63M	USD	Point-in-time
Property and equipment under finance leases, net	`FinanceLeaseRightOfUseAsset`	$5.71M	USD	Point-in-time
Property and equipment under finance leases, net	`FinanceLeaseRightOfUseAsset`	$5.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.39M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$1.27M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$10.27M	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`	$36.00K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$36.00K	USD	Point-in-time
Total assets	`Assets`	$89.75M	USD	Point-in-time
Total assets	`Assets`	$87.97M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$538.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$503.00K	USD	Point-in-time
Current portion of obligations under finance leases	`FinanceLeaseLiabilityCurrent`	$198.00K	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`	$9.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.99M	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$989.00K	USD	Point-in-time
Accrued payroll and other compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.28M	USD	Point-in-time
Accrued taxes	`AccruedIncomeTaxesCurrent`	$539.00K	USD	Point-in-time
Accrued taxes	`AccruedIncomeTaxesCurrent`	$643.00K	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$3.64M	USD	Point-in-time
Deferred membership dues revenue	`ContractWithCustomerLiabilityCurrent`	$3.44M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$1.54M	USD	Point-in-time
Other liabilities and accrued expenses	`OtherLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.86M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$29.22M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$29.76M	USD	Point-in-time
Line of credit	`LongTermLineOfCredit`	$1.55M	USD	Point-in-time
Line of credit	`LongTermLineOfCredit`	$3.20M	USD	Point-in-time
Obligations under finance leases, net of current portion	`FinanceLeaseLiabilityNoncurrent`	$598.00K	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`	$962.00K	USD	Point-in-time
Obligations under operating leases, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$838.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$100.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$100.00K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	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`	$-20.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.53M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$38.49M	USD	Point-in-time
Total Avalon Holdings Corporation Shareholders' Equity	`StockholdersEquity`	$36.72M	USD	Point-in-time
Non-controlling interest in subsidiaries	`MinorityInterest`	$-616.00K	USD	Point-in-time
Non-controlling interest in subsidiaries	`MinorityInterest`	$-347.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.14M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.98M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$87.97M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$89.75M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$81.18M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$80.52M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.48M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.83M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.23M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.13M	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$-273.00K	USD	Annual
Operating (loss) income	`OperatingIncomeLoss`	$347.00K	USD	Annual
Interest expense	`InterestExpense`	$2.10M	USD	Annual
Interest expense	`InterestExpense`	$1.46M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$384.00K	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$231.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-886.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.99M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$94.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$57.00K	USD	Annual
Net loss	`ProfitLoss`	$-2.04M	USD	Annual
Net loss	`ProfitLoss`	$-980.00K	USD	Annual
Less net loss attributable to non-controlling interest in subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$-397.00K	USD	Annual
Less net loss attributable to non-controlling interest in subsidiaries	`NetIncomeLossAttributableToNoncontrollingInterest`	$-269.00K	USD	Annual
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-583.00K	USD	Annual
Net loss attributable to Avalon Holdings Corporation common shareholders	`NetIncomeLoss`	$-1.77M	USD	Annual
Basic net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	Annual
Basic net loss per share (in dollars per share)	`EarningsPerShareBasic`	$-0.46	USD	Annual
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.90M	shares	Annual
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.90M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.04M	USD	Annual
Net loss	`ProfitLoss`	$-980.00K	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.48M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.83M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$50.00K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$60.00K	USD	Annual
Compensation costs - stock options	`ShareBasedCompensation`	$4.00K	USD	Annual
Compensation costs - stock options	`ShareBasedCompensation`	$1.00K	USD	Annual
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$32.00K	USD	Annual
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$56.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.57M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.23M	USD	Annual
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$-21.00K	USD	Annual
Unbilled membership dues receivable	`IncreaseDecreaseInContractWithCustomerAsset`	$32.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-201.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-356.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$56.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-176.00K	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$91.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.36M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$663.00K	USD	Annual
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$192.00K	USD	Annual
Accrued payroll and other compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$288.00K	USD	Annual
Accrued taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$35.00K	USD	Annual
Accrued taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-104.00K	USD	Annual
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-200.00K	USD	Annual
Deferred membership dues revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$280.00K	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$279.00K	USD	Annual
Other liabilities and accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$281.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.26M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.35M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.39M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.90M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.90M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.39M	USD	Annual
Proceeds under New Term Loam facility	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Proceeds under New Term Loam facility	`ProceedsFromIssuanceOfLongTermDebt`	$31.00M	USD	Annual
Principal payments on term loan facilities	`RepaymentsOfLongTermDebt`	$563.00K	USD	Annual
Principal payments on term loan facilities	`RepaymentsOfLongTermDebt`	$21.01M	USD	Annual
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$143.00K	USD	Annual
Principal payments on finance lease obligations	`FinanceLeasePrincipalPayments`	$167.00K	USD	Annual
Borrowings under line of credit facility	`ProceedsFromLinesOfCredit`	$1.55M	USD	Annual
Borrowings under line of credit facility	`ProceedsFromLinesOfCredit`	$1.65M	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$277.00K	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$944.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.23M	USD	Annual
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.10M	USD	Annual
Increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-598.00K	USD	Annual
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.95M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.95M	USD	Point-in-time
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$21.00K	USD	Annual
Capital expenditures included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$168.00K	USD	Annual
Operating lease right-of-use assets in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$427.00K	USD	Annual
Operating lease right-of-use assets in exchange for lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$323.00K	USD	Annual
Finance lease obligations incurred	`CapitalLeaseObligationsIncurred`	-	USD	Annual
Finance lease obligations incurred	`CapitalLeaseObligationsIncurred`	$443.00K	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$1.31M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$2.01M	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$162.00K	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$58.00K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.14M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.10M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.98M	USD	Point-in-time
Stock options - compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$4.00K	USD	Annual
Stock options - compensation costs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.00K	USD	Annual
Investment in subsidiary from accredited investors	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$142.00K	USD	Annual
Net loss	`ProfitLoss`	$-2.04M	USD	Annual
Net loss	`ProfitLoss`	$-980.00K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.14M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.10M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.98M	USD	Point-in-time

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