10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-004440`
Period End Date	20211231
Filing Date	20220214
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 15

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.52M	shares	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$3.18M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.55M	shares	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$2.01M	USD	Point-in-time
Inventory, Net	`InventoryNet`	$7.92M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.49M	shares	Point-in-time
Inventory, Net	`InventoryNet`	$7.58M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$262.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	72,793.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$250.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	35,555.00	shares	Point-in-time
Current Assets	`AssetsCurrent`	$15.46M	USD	Point-in-time
Current Assets	`AssetsCurrent`	$14.93M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.02M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Deferred Tax Asset	`DeferredIncomeTaxAssetsNet`	$1.30M	USD	Point-in-time
Deferred Tax Asset	`DeferredIncomeTaxAssetsNet`	$1.29M	USD	Point-in-time
Right-of-use Asset	`OperatingLeaseRightOfUseAsset`	$3.53M	USD	Point-in-time
Right-of-use Asset	`OperatingLeaseRightOfUseAsset`	$3.60M	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$23.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$23.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$4.91M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$4.86M	USD	Point-in-time
Total Assets	`Assets`	$21.36M	USD	Point-in-time
Total Assets	`Assets`	$20.86M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$551.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.02M	USD	Point-in-time
Operating Lease Liability	`OperatingLeaseLiabilityCurrent`	$528.00K	USD	Point-in-time
Operating Lease Liability	`OperatingLeaseLiabilityCurrent`	$579.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$840.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$851.00K	USD	Point-in-time
Accrued Warranty Costs	`ProductWarrantyAccrualClassifiedCurrent`	$78.00K	USD	Point-in-time
Accrued Warranty Costs	`ProductWarrantyAccrualClassifiedCurrent`	$122.00K	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$2.01M	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$2.56M	USD	Point-in-time
Operating Lease Liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$3.07M	USD	Point-in-time
Operating Lease Liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$3.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.63M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.14M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock ($0.001 par, 2,000,000,000 authorized, 8,546,920 and 8,523,704 shares issued, and 8,474,127 and 8,488,149 outstanding, respectively)	`CommonStockValue`	$9.00K	USD	Point-in-time
Common Stock ($0.001 par, 2,000,000,000 authorized, 8,546,920 and 8,523,704 shares issued, and 8,474,127 and 8,488,149 outstanding, respectively)	`CommonStockValue`	$9.00K	USD	Point-in-time
Treasury Stock (at cost, 72,793 and 35,555 shares held, respectively)	`TreasuryStockValue`	$143.00K	USD	Point-in-time
Treasury Stock (at cost, 72,793 and 35,555 shares held, respectively)	`TreasuryStockValue`	$69.00K	USD	Point-in-time
Additional Paid in capital	`AdditionalPaidInCapitalCommonStock`	$25.75M	USD	Point-in-time
Additional Paid in capital	`AdditionalPaidInCapitalCommonStock`	$25.81M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-9.95M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-9.98M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$15.73M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$13.98M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$14.71M	USD	Point-in-time
Stockholders Equity	`StockholdersEquity`	$15.71M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$20.86M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$21.36M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.47M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.34M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$3.64M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$3.52M	USD	1 Quarter
Gross Margin	`GrossProfit`	$835.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$823.00K	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$808.00K	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$756.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$15.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$79.00K	USD	1 Quarter
Gain on Change in Fair Value of Warrants	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain on Change in Fair Value of Warrants	`DerivativeGainLossOnDerivativeNet`	$1.03M	USD	1 Quarter
Interest Expense	`InterestExpense`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$3.00K	USD	1 Quarter
Other Income	`NonoperatingIncomeExpense`	$1.02M	USD	1 Quarter
Other Income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.00K	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.10M	USD	1 Quarter
Income Tax (Benefit) Expense, net	`IncomeTaxExpenseBenefit`	$-14.00K	USD	1 Quarter
Income Tax (Benefit) Expense, net	`IncomeTaxExpenseBenefit`	$16.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.09M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$29.00K	USD	1 Quarter
Deemed dividends on participating securities	`DeemedDividendsOnParticipatingSecurities`	$361.00K	USD	1 Quarter
Deemed dividends on participating securities	`DeemedDividendsOnParticipatingSecurities`	-	USD	1 Quarter
Net income applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$726.00K	USD	1 Quarter
Net income applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$29.00K	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.30M	shares	1 Quarter
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.23M	shares	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.49M	shares	1 Quarter
Weighted Average Common Shares Outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.28M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.09M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$29.00K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$63.00K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$72.00K	USD	1 Quarter
Gain on Change in Fair Value of Warrants	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain on Change in Fair Value of Warrants	`DerivativeGainLossOnDerivativeNet`	$1.03M	USD	1 Quarter
Stock Compensation Expense	`ShareBasedCompensation`	$57.00K	USD	1 Quarter
Stock Compensation Expense	`ShareBasedCompensation`	$57.00K	USD	1 Quarter
Deferred Tax	`DeferredIncomeTaxesAndTaxCredits`	$-14.00K	USD	1 Quarter
Deferred Tax	`DeferredIncomeTaxesAndTaxCredits`	$16.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.17M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-815.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$557.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$335.00K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-11.00K	USD	1 Quarter
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$-62.00K	USD	1 Quarter
Leases	`IncreaseDecreaseInOperatingLeaseLiability`	$-14.00K	USD	1 Quarter
Leases	`IncreaseDecreaseInOperatingLeaseLiability`	$55.00K	USD	1 Quarter
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$457.00K	USD	1 Quarter
Accounts Payable and Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-44.00K	USD	1 Quarter
Accrued Warranty Costs	`IncreaseDecreaseInAccruedWarrantyCosts`	$-44.00K	USD	1 Quarter
Accrued Warranty Costs	`IncreaseDecreaseInAccruedWarrantyCosts`	$34.00K	USD	1 Quarter
Customer Advance Deposits	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.00K	USD	1 Quarter
Customer Advance Deposits	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	1 Quarter
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.52M	USD	1 Quarter
Total Adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-664.00K	USD	1 Quarter
Net Cash provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$423.00K	USD	1 Quarter
Net Cash provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.55M	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$90.00K	USD	1 Quarter
Purchases of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$81.00K	USD	1 Quarter
Net Cash used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.00K	USD	1 Quarter
Net Cash used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-81.00K	USD	1 Quarter
Common Stock Repurchase	`PaymentsForRepurchaseOfCommonStock`	$415.00K	USD	1 Quarter
Common Stock Repurchase	`PaymentsForRepurchaseOfCommonStock`	$74.00K	USD	1 Quarter
Net Cash used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-415.00K	USD	1 Quarter
Net Cash used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-74.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.39M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-73.00K	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.63M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.90M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.70M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.29M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.63M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.90M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.70M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.29M	USD	Point-in-time
Cash Paid for Interest	`InterestPaidNet`	$3.00K	USD	1 Quarter
Cash Paid for Interest	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$15.73M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$13.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$14.71M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$15.71M	USD	Point-in-time
Stock Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$57.00K	USD	1 Quarter
Stock Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$57.00K	USD	1 Quarter
Common Stock Repurchase	`StockRepurchasedDuringPeriodValue`	$415.00K	USD	1 Quarter
Common Stock Repurchase	`StockRepurchasedDuringPeriodValue`	$74.00K	USD	1 Quarter
Vested Restricted Stock Units, net of withheld taxes	`VestedRestrictedStockUnitsNetOfWithheldTax`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.00K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$15.73M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$13.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$14.71M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$15.71M	USD	Point-in-time

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