10-Q Filing

Climb Global Solutions, Inc. CIK: 945983 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-004680`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	wstg-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 29 Cash Flow Statement 46 Stockholders Equity 20 Comprehensive Income 8

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.23M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net of allowances of $2,228 and $2,102, respectively	`AccountsReceivableNetCurrent`	$82.02M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Accounts receivable, net of allowances of $2,228 and $2,102, respectively	`AccountsReceivableNetCurrent`	$76.94M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	4.51M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	4.45M	shares	Point-in-time
Inventory, net	`InventoryNet`	$2.79M	USD	Point-in-time
Inventory, net	`InventoryNet`	$2.36M	USD	Point-in-time
Vendor prepayments	`VendorPrepayments`	$6.84M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	829,671.00	shares	Point-in-time
Vendor prepayments	`VendorPrepayments`	$5.21M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	778,297.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$553.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$611.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$92.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$97.20M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.83M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$1.76M	USD	Point-in-time
Accounts receivable-long-term, net	`AccountsReceivableNetNoncurrent`	$7.44M	USD	Point-in-time
Accounts receivable-long-term, net	`AccountsReceivableNetNoncurrent`	$7.53M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$231.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.85M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$138.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$107.00K	USD	Point-in-time
Total assets	`Assets`	$108.45M	USD	Point-in-time
Total assets	`Assets`	$102.28M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$62.79M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$67.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$62.79M	USD	Point-in-time
Deferred rent and tenant allowances	`DeferredRentCreditNoncurrent`	$764.00K	USD	Point-in-time
Deferred rent and tenant allowances	`DeferredRentCreditNoncurrent`	$781.00K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,506,203 and 4,454,829 shares outstanding, respectively	`CommonStockValue`	$53.00K	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,506,203 and 4,454,829 shares outstanding, respectively	`CommonStockValue`	$53.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$31.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$30.90M	USD	Point-in-time
Treasury stock, at cost, 778,297 and 829,671 shares, respectively	`TreasuryStockCommonValue`	$13.46M	USD	Point-in-time
Treasury stock, at cost, 778,297 and 829,671 shares, respectively	`TreasuryStockCommonValue`	$14.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.36M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-913.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$38.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$39.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$108.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$102.28M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.09M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$40.55M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$33.66M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$31.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.89M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.97M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.05M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.85M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.79M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$238.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$148.00K	USD	1 Quarter
Foreign currency transaction gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.09M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.94M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$621.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$489.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.60M	USD	1 Quarter
Income per common share-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Income per common share-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Income per common share-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Income per common share-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Weighted average common shares outstanding-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.30M	shares	1 Quarter
Weighted average common shares outstanding-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.34M	shares	1 Quarter
Weighted average common shares outstanding-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.30M	shares	1 Quarter
Weighted average common shares outstanding-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.34M	shares	1 Quarter
Dividends paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.17	USD	1 Quarter
Dividends paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.17	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.32M	USD	1 Quarter
Net income	`ProfitLoss`	$1.60M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$114.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$114.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$31.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-39.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$349.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$347.00K	USD	1 Quarter
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.34M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$136.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-427.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-71.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$62.00K	USD	1 Quarter
Vendor prepayments	`IncreaseDecreaseInVendorPrepayments`	$-125.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.37M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.14M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$113.00K	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$142.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$173.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.48M	USD	1 Quarter
Purchase of equipment and leasehold improvements	`PaymentsToAcquireProductiveAssets`	$174.00K	USD	1 Quarter
Purchase of equipment and leasehold improvements	`PaymentsToAcquireProductiveAssets`	$67.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-174.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.73M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$127.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$765.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$777.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-892.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.50M	USD	1 Quarter
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$70.00K	USD	1 Quarter
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-57.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.43M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.46M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$56.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$21.00K	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$38.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$39.75M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Balance (in shares)	`TreasuryStockCommonShares`	829,671.00	shares	Point-in-time
Balance (in shares)	`TreasuryStockCommonShares`	778,297.00	shares	Point-in-time
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.60M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-180.00K	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$132.00K	USD	1 Quarter
Dividends paid	`DividendsCommonStockCash`	$765.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$349.00K	USD	1 Quarter
Restricted stock grants (net of forfeitures) and adjustments	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$165.00K	USD	1 Quarter
Treasury stock repurchased	`TreasuryStockValueAcquiredCostMethod`	$127.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$38.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$39.75M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Balance (in shares)	`TreasuryStockCommonShares`	829,671.00	shares	Point-in-time
Balance (in shares)	`TreasuryStockCommonShares`	778,297.00	shares	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.60M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-180.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$132.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-180.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$132.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.42M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.45M	USD	1 Quarter

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