10-K Filing

ALT5 Sigma Corp CIK: 862861 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001564590-21-016696`
Period End Date	20201231
Filing Date	20210330
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	jan-20210102.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 44 Cash Flow Statement 64 Stockholders Equity 12

Balance Sheet 77 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$379.00K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	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
Trade and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$6.58M	USD	Point-in-time
Trade and other receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$3.60M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$196.00K	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`	$76.00K	USD	Point-in-time
Inventories	`InventoryNet`	$1.35M	USD	Point-in-time
Inventories	`InventoryNet`	$1.63M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$356.00K	USD	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	1.92M	shares	Point-in-time
Common stock, issued shares (in shares)	`CommonStockSharesIssued`	1.83M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.94M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$732.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$324.00K	USD	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	1.83M	shares	Point-in-time
Common stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	1.92M	shares	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$1.89M	USD	Point-in-time
Right of use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$2.46M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$17.70M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.99M	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$272.00K	USD	Point-in-time
Deposits and other assets	`DepositsAndOtherAssetsNoncurrent`	$231.00K	USD	Point-in-time
Total assets	`Assets`	$29.03M	USD	Point-in-time
Total assets	`Assets`	$24.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.37M	USD	Point-in-time
Accrued liabilities - other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$3.94M	USD	Point-in-time
Accrued liabilities - other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$4.89M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$4.13M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$5.77M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$5.44M	USD	Point-in-time
Lease obligation short term - operating leases	`OperatingLeaseLiabilityCurrent`	$1.08M	USD	Point-in-time
Lease obligation short term - operating leases	`OperatingLeaseLiabilityCurrent`	$1.20M	USD	Point-in-time
Short term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$280.00K	USD	Point-in-time
Short term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$3.04M	USD	Point-in-time
Related party note	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.47M	USD	Point-in-time
Related party note	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.60M	USD	Point-in-time
Lease obligation long term - operating leases	`OperatingLeaseLiabilityNoncurrent`	$1.39M	USD	Point-in-time
Lease obligation long term - operating leases	`OperatingLeaseLiabilityNoncurrent`	$850.00K	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$270.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$21.98M	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-1 - par value $0.001 per share 2,000,000 authorized, 259,729 and 259,729 shares issued and outstanding at January 2, 2021 and December 28, 2019, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, series A-1 - par value $0.001 per share 2,000,000 authorized, 259,729 and 259,729 shares issued and outstanding at January 2, 2021 and December 28, 2019, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share, 200,000,000 shares authorized, 1,829,982 and 1,919,048 shares issued and outstanding at January 2, 2021 and at December 28, 2019, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 200,000,000 shares authorized, 1,829,982 and 1,919,048 shares issued and outstanding at January 2, 2021 and at December 28, 2019, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$39.87M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$39.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.92M	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`	$-588.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.37M	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`	$24.35M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.03M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$35.10M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$33.87M	USD	Annual
Cost of revenues	`CostOfRevenue`	$25.04M	USD	Annual
Cost of revenues	`CostOfRevenue`	$27.31M	USD	Annual
Gross profit	`GrossProfit`	$7.79M	USD	Annual
Gross profit	`GrossProfit`	$8.83M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.82M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.22M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-12.43M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-9.00M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-1.48M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-504.00K	USD	Annual
Impairment charges	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	Annual
Impairment charges	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-2.99M	USD	Annual
Gain on litigation settlement	`GainLossRelatedToLitigationSettlement`	$694.00K	USD	Annual
Gain on litigation settlement	`GainLossRelatedToLitigationSettlement`	$418.00K	USD	Annual
Gain on settlement of vendor advance payments	`GainLossOnSettlementOfVendorAdvancePayments`	$142.00K	USD	Annual
Gain on settlement of vendor advance payments	`GainLossOnSettlementOfVendorAdvancePayments`	-	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$15.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$1.05M	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-2.73M	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$71.00K	USD	Annual
Loss before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.16M	USD	Annual
Loss before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.93M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.20M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-427.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-11.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.50M	USD	Annual
Basic loss per share	`EarningsPerShareBasic`	$-6.78	USD	Annual
Basic loss per share	`EarningsPerShareBasic`	$-4.59	USD	Annual
Diluted loss per share	`EarningsPerShareDiluted`	$-6.78	USD	Annual
Diluted loss per share	`EarningsPerShareDiluted`	$-4.59	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.85M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.76M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.85M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.76M	shares	Annual
Net loss	`NetIncomeLoss`	$-11.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.50M	USD	Annual
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-55.00K	USD	Annual
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-55.00K	USD	Annual
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.96M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.55M	USD	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-11.96M	USD	Annual
Net loss	`ProfitLoss`	$-8.50M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.08M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.12M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$307.00K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$27.00K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$631.00K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$578.00K	USD	Annual
Gain on settlement of vendor advance payments	`GainLossOnSettlementOfVendorAdvancePayments`	$142.00K	USD	Annual
Gain on settlement of vendor advance payments	`GainLossOnSettlementOfVendorAdvancePayments`	-	USD	Annual
Impairment charges	`AssetImpairmentCharges`	$2.99M	USD	Annual
Gain on litigation settlement	`GainLossRelatedToLitigationSettlement`	$694.00K	USD	Annual
Gain on litigation settlement	`GainLossRelatedToLitigationSettlement`	$418.00K	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$59.00K	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$131.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$765.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.98M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$780.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-680.00K	USD	Annual
Change in deferred rent	`IncreaseDecreaseInDeferredCharges`	$48.00K	USD	Annual
Change in deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-148.00K	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$270.00K	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.28M	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-25.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$120.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$546.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$282.00K	USD	Annual
Right of use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$295.00K	USD	Annual
Right of use assets	`IncreaseDecreaseInOperatingLeaseRightOfUseAssets`	$-165.00K	USD	Annual
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$329.00K	USD	Annual
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-73.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.06M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.04M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-617.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.51M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$212.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$507.00K	USD	Annual
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$327.00K	USD	Annual
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$288.00K	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`	$345.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-834.00K	USD	Annual
Proceeds from related party note	`ProceedsFromRelatedPartyDebt`	$2.50M	USD	Annual
Payment on related party note	`RepaymentsOfRelatedPartyDebt`	$1.50M	USD	Annual
Proceeds from issuance of short term notes payable	`ProceedsFromNotesPayable`	$471.00K	USD	Annual
Proceeds from issuance of short term notes payable	`ProceedsFromNotesPayable`	$3.47M	USD	Annual
Payments on short term notes payable	`RepaymentsOfNotesPayable`	$565.00K	USD	Annual
Payments on short term notes payable	`RepaymentsOfNotesPayable`	$509.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.40M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.46M	USD	Annual
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-55.00K	USD	Annual
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-11.00K	USD	Annual
DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-102.00K	USD	Annual
DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-714.00K	USD	Annual
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$379.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$481.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$379.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$481.00K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$133.00K	USD	Annual
Interest paid	`InterestPaidNet`	$129.00K	USD	Annual
Income taxes paid, net	`IncomeTaxesPaidNet`	$30.00K	USD	Annual
Income taxes paid, net	`IncomeTaxesPaidNet`	$263.00K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$2.37M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$21.61M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.34M	USD	Point-in-time
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-55.00K	USD	Annual
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$578.00K	USD	Annual
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$631.00K	USD	Annual
Net loss	`ProfitLoss`	$-11.96M	USD	Annual
Net loss	`ProfitLoss`	$-8.50M	USD	Annual
Ending balance	`StockholdersEquity`	$2.37M	USD	Point-in-time
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.