10-Q Filing

ALT5 Sigma Corp CIK: 862861 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-024581`
Period End Date	20200331
Filing Date	20200512
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	jan-20200328.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 42 Cash Flow Statement 52 Stockholders Equity 14

Balance Sheet 79 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$481.00K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$837.00K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Trade and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$6.58M	USD	Point-in-time
Trade and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$3.95M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	259,729.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	259,729.00	shares	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
Preferred stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	259,729.00	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$11.00K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$1.31M	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$1.35M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$315.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	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
Total current assets	`AssetsCurrent`	$6.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.84M	USD	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	1.92M	shares	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	1.99M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$324.00K	USD	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	1.92M	shares	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	1.99M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$313.00K	USD	Point-in-time
Right to use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$1.89M	USD	Point-in-time
Right to use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$2.53M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$17.70M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$16.76M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$272.00K	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$243.00K	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$203.00K	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Total assets	`Assets`	$29.03M	USD	Point-in-time
Total assets	`Assets`	$26.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.14M	USD	Point-in-time
Accrued liabilities - other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$3.94M	USD	Point-in-time
Accrued liabilities - other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$3.33M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$5.52M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$4.13M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$5.44M	USD	Point-in-time
Lease obligation short term - operating leases	`OperatingLeaseLiabilityCurrent`	$1.25M	USD	Point-in-time
Lease obligation short term - operating leases	`OperatingLeaseLiabilityCurrent`	$1.08M	USD	Point-in-time
Short term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$280.00K	USD	Point-in-time
Short term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Related party note	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.48M	USD	Point-in-time
Related party note	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.72M	USD	Point-in-time
Lease obligation long term - operating leases	`OperatingLeaseLiabilityNoncurrent`	$1.31M	USD	Point-in-time
Lease obligation long term - operating leases	`OperatingLeaseLiabilityNoncurrent`	$850.00K	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	$270.00K	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$18.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.04M	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 shares issued and outstanding at March 28, 2020 and December 28, 2019, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, series A - par value $0.001 per share 2,000,000 authorized, 259,729 shares issued and outstanding at March 28, 2020 and December 28, 2019, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share, 10,000,000 shares authorized, 1,993,578 and 1,919,048 shares issued and outstanding at March 28, 2020 and at December 28, 2019, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 10,000,000 shares authorized, 1,993,578 and 1,919,048 shares issued and outstanding at March 28, 2020 and at December 28, 2019, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$39.67M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$39.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-533.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-527.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.42M	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 stockholders' equity	`StockholdersEquity`	$8.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$26.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.03M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.29M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.45M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$5.14M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$6.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.47M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.87M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.40M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.88M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-113.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$8.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$139.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$818.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$705.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$147.00K	USD	1 Quarter
Loss from operations before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.73M	USD	1 Quarter
Loss from operations before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.69M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-411.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-700.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.28M	USD	1 Quarter
Dividends declared - Series A-1 preferred stock	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Dividends declared - Series A-1 preferred stock	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Dividends declared - Common stock	`DividendsCash`	-	USD	1 Quarter
Dividends declared - Common stock	`DividendsCash`	-	USD	1 Quarter
Basic loss per share	`EarningsPerShareBasic`	$-1.33	USD	1 Quarter
Basic loss per share	`EarningsPerShareBasic`	$-1.20	USD	1 Quarter
Diluted loss per share	`EarningsPerShareDiluted`	$-1.33	USD	1 Quarter
Diluted loss per share	`EarningsPerShareDiluted`	$-1.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.71M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.71M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.69M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.28M	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$6.00K	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.00K	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$6.00K	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.28M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.02M	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.02M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$10.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$37.00K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$376.00K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$60.00K	USD	1 Quarter
Change in deferred rent	`IncreaseDecreaseInDeferredCharges`	$5.00K	USD	1 Quarter
Change in deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-147.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$473.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$701.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$28.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$41.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.19M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.63M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-65.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-41.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$56.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$172.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-35.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$520.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-749.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$696.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-246.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$163.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00K	USD	1 Quarter
Purchases of intangibles	`PaymentsToAcquireIntangibleAssets`	$56.00K	USD	1 Quarter
Net payments received from Live Ventures Incorporated note receivable	`PaymentsForProceedsFromInvestments`	$-53.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-110.00K	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$280.00K	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$193.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-193.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-280.00K	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.00K	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.00K	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-543.00K	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$356.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$652.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$837.00K	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`	$652.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$837.00K	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`	$3.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$56.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$3.00K	USD	1 Quarter
Right to use asset - operating leases capitalized	`RightToUseAssetOperatingLeasesCapitalized`	$930.00K	USD	1 Quarter
Right to use asset - operating leases capitalized	`RightToUseAssetOperatingLeasesCapitalized`	$1.91M	USD	1 Quarter

Stockholders Equity 14 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
Beginning balance	`StockholdersEquity`	$8.44M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$19.59M	USD	Point-in-time
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$281.00K	USD	3 Qtrs
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$376.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$6.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$4.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.28M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.03M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$21.61M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.34M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$8.44M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$19.59M	USD	Point-in-time

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