10-K Filing

ALT5 Sigma Corp CIK: 862861 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001564590-20-015355`
Period End Date	20191231
Filing Date	20200406
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	jan-20191228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 42 Cash Flow Statement 65 Stockholders Equity 10

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$481.00K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	259,729.00	shares	Point-in-time
Trade and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$5.80M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	288,588.00	shares	Point-in-time
Trade and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$6.58M	USD	Point-in-time
Preferred stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	288,588.00	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$101.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$76.00K	USD	Point-in-time
Preferred stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	259,729.00	shares	Point-in-time
Inventories	`InventoryNet`	$801.00K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$1.35M	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$356.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.04M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.84M	USD	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	1.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.94M	USD	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	1.92M	shares	Point-in-time
Note receivable - ApplianceSmart Holdings, LLC a subsidiary of Live Ventures Incorporated	`NotesReceivableRelatedParties`	$3.84M	USD	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	1.92M	shares	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	1.69M	shares	Point-in-time
Note receivable - ApplianceSmart Holdings, LLC a subsidiary of Live Ventures Incorporated	`NotesReceivableRelatedParties`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$211.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$324.00K	USD	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$1.89M	USD	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$1.60M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$17.70M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$21.39M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$661.00K	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$272.00K	USD	Point-in-time
Total assets	`Assets`	$35.04M	USD	Point-in-time
Total assets	`Assets`	$29.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.17M	USD	Point-in-time
Accrued liabilities - other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.12M	USD	Point-in-time
Accrued liabilities - other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$3.94M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$4.72M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$5.44M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$4.13M	USD	Point-in-time
Lease obligation short term - operating leases	`OperatingLeaseLiabilityCurrent`	$1.08M	USD	Point-in-time
Lease obligation short term - operating leases	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Short term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$280.00K	USD	Point-in-time
Short term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$675.00K	USD	Point-in-time
Related party note	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Related party note	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.57M	USD	Point-in-time
Lease obligation long term - operating leases	`OperatingLeaseLiabilityNoncurrent`	$850.00K	USD	Point-in-time
Lease obligation long term - operating leases	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	$3.55M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	$270.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$196.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$13.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.69M	USD	Point-in-time
Commitments and Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, series A - par value $0.001 per share 2,000,000 authorized, 259,729 and 288,588 shares issued and outstanding at December 28, 2019 and December 29, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, series A - par value $0.001 per share 2,000,000 authorized, 259,729 and 288,588 shares issued and outstanding at December 28, 2019 and December 29, 2018, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share, 10,000,000 shares authorized, 1,919,048 and 1,694,565 shares issued and outstanding at December 28, 2019 and at December 29, 2018, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 10,000,000 shares authorized, 1,919,048 and 1,694,565 shares issued and outstanding at December 28, 2019 and at December 29, 2018, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$38.66M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$39.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-533.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-533.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.03M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$35.04M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$35.10M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$36.79M	USD	Annual
Cost of revenues	`CostOfRevenue`	$27.31M	USD	Annual
Cost of revenues	`CostOfRevenue`	$25.74M	USD	Annual
Gross profit	`GrossProfit`	$11.05M	USD	Annual
Gross profit	`GrossProfit`	$7.79M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.22M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.15M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-12.43M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-6.10M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-1.48M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-668.00K	USD	Annual
Impairment charges	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-2.99M	USD	Annual
Impairment charges	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	Annual
Gain on litigation settlement	`GainLossRelatedToLitigationSettlement`	$694.00K	USD	Annual
Gain on litigation settlement	`GainLossRelatedToLitigationSettlement`	-	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$430.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$1.05M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-2.73M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-238.00K	USD	Annual
Loss before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.16M	USD	Annual
Loss before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.33M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.20M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-727.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-11.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.61M	USD	Annual
Basic loss per share	`EarningsPerShareBasic`	$-6.78	USD	Annual
Basic loss per share	`EarningsPerShareBasic`	$-3.75	USD	Annual
Diluted loss per share	`EarningsPerShareDiluted`	$-6.78	USD	Annual
Diluted loss per share	`EarningsPerShareDiluted`	$-3.75	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.49M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.76M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.49M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.76M	shares	Annual
Net loss	`NetIncomeLoss`	$-11.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.61M	USD	Annual
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-40.00K	USD	Annual
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	Annual
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-40.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.65M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.96M	USD	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-11.96M	USD	Annual
Net loss	`ProfitLoss`	$-5.61M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.00M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.08M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$589.00K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$307.00K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$656.00K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$631.00K	USD	Annual
Change in provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-32.00K	USD	Annual
Impairment charges	`AssetImpairmentCharges`	$2.99M	USD	Annual
Gain on litigation settlement	`GainLossRelatedToLitigationSettlement`	$694.00K	USD	Annual
Gain on litigation settlement	`GainLossRelatedToLitigationSettlement`	-	USD	Annual
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$5.00K	USD	Annual
Change in deferred rent	`IncreaseDecreaseInDeferredCharges`	$14.00K	USD	Annual
Change in deferred rent	`IncreaseDecreaseInDeferredCharges`	$48.00K	USD	Annual
Change in deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$120.00K	USD	Annual
Change in deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-148.00K	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.03M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.28M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-146.00K	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$165.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$765.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.95M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-153.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-680.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$101.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-25.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$546.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$41.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.06M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.66M	USD	Annual
Accrued income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-3.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.14M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.51M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$401.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$212.00K	USD	Annual
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$59.00K	USD	Annual
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$288.00K	USD	Annual
Net payments received from ApplianceSmart Holdings LLC note receivable	`PaymentsForProceedsFromInvestments`	$-170.00K	USD	Annual
Net payments received from ApplianceSmart Holdings LLC note receivable	`PaymentsForProceedsFromInvestments`	$-845.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-172.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$345.00K	USD	Annual
Proceeds from related party note	`ProceedsFromRelatedPartyDebt`	$2.50M	USD	Annual
Proceeds from issuance of short term notes payable	`ProceedsFromNotesPayable`	$471.00K	USD	Annual
Proceeds from issuance of short term notes payable	`ProceedsFromNotesPayable`	$562.00K	USD	Annual
Payments on short term notes payable	`RepaymentsOfNotesPayable`	$509.00K	USD	Annual
Payments on short term notes payable	`RepaymentsOfNotesPayable`	$1.07M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.11M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.46M	USD	Annual
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-11.00K	USD	Annual
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$18.00K	USD	Annual
DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.12M	USD	Annual
DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-714.00K	USD	Annual
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$481.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$481.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.20M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$133.00K	USD	Annual
Interest paid	`InterestPaidNet`	$526.00K	USD	Annual
Income taxes paid, net	`IncomeTaxesPaidNet`	$199.00K	USD	Annual
Income taxes paid, net	`IncomeTaxesPaidNet`	$263.00K	USD	Annual
Net liabilities assumed by ApplianceSmart	`LiabilitiesAssumed1`	$1.90M	USD	Annual
EEI note balance conversion into common stock	`EEINoteBalanceConversionIntoCommonStock`	$101.00K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$21.61M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.34M	USD	Point-in-time
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$500.00K	USD	Annual
Share-based compensation, shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	224,483.00	shares	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-40.00K	USD	Annual
Net loss	`ProfitLoss`	$-11.96M	USD	Annual
Net loss	`ProfitLoss`	$-5.61M	USD	Annual
Ending balance	`StockholdersEquity`	$21.61M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.34M	USD	Point-in-time

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