10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001571049-13-000466`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	opxs-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 57 Cash Flow Statement 52

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$901.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.54M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.84M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.09M	USD	Point-in-time
Net Inventory	`InventoryNet`	$8.19M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$28.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$133.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.62M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.77M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	152.35M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	157.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.35M	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	157.35M	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.62M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.44M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.39M	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$192.00K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$180.00K	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.23M	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.16M	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$188.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$210.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$21.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$21.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.43M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.39M	USD	Point-in-time
Total Assets	`Assets`	$12.38M	USD	Point-in-time
Total Assets	`Assets`	$12.20M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$951.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.11M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$557.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$754.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$1.13M	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$776.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$323.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.99M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.94M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.83M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.94M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.83M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.61M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.82M	USD	Point-in-time
Optex Systems Holdings, Inc.-(par $0.001, 2,000,000,000 authorized, 157,346,607 and 152,346,607 shares issued and outstanding, respectively)	`CommonStockValue`	$152.00K	USD	Point-in-time
Optex Systems Holdings, Inc.-(par $0.001, 2,000,000,000 authorized, 157,346,607 and 152,346,607 shares issued and outstanding, respectively)	`CommonStockValue`	$157.00K	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,016 and 1,027 series A preferred issued and outstanding, respectively)	`PreferredStockValue`	-	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,016 and 1,027 series A preferred issued and outstanding, respectively)	`PreferredStockValue`	-	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.80M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.91M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.51M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.36M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.56M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.38M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.20M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$11.61M	USD	3 Qtrs
Revenues	`SalesRevenueNet`	$4.36M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$3.48M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$11.98M	USD	3 Qtrs
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$9.96M	USD	3 Qtrs
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$2.81M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$3.69M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$9.60M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$2.01M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$2.02M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$670.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$669.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$2.21M	USD	3 Qtrs
General and Administrative	`GeneralAndAdministrativeExpense`	$766.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$787.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$2.11M	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-118.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-185.00K	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-102.00K	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-96.00K	USD	1 Quarter
Interest Expense - Net	`InterestExpense`	$19.00K	USD	3 Qtrs
Interest Expense - Net	`InterestExpense`	$22.00K	USD	1 Quarter
Interest Expense - Net	`InterestExpense`	$2.00K	USD	1 Quarter
Interest Expense - Net	`InterestExpense`	$28.00K	USD	3 Qtrs
Total Other	`NonoperatingIncomeExpense`	$-22.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$-28.00K	USD	3 Qtrs
Total Other	`NonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$-19.00K	USD	3 Qtrs
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-213.00K	USD	3 Qtrs
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-121.00K	USD	3 Qtrs
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-120.00K	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-118.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-68.00K	USD	3 Qtrs
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-39.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$135.00K	USD	3 Qtrs
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$17.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-256.00K	USD	3 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-145.00K	USD	3 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-137.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-79.00K	USD	1 Quarter
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	-	USD	1 Quarter
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	-	USD	3 Qtrs
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$-106.00K	USD	3 Qtrs
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$-213.00K	USD	Point-in-time
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	-	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-79.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-150.00K	USD	3 Qtrs
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-137.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-145.00K	USD	3 Qtrs
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	154.22M	shares	3 Qtrs
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.70M	shares	3 Qtrs
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	157.35M	shares	1 Quarter
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	144.44M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-256.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-145.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-137.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-79.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$52.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$145.00K	USD	3 Qtrs
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	$-73.00K	USD	3 Qtrs
Noncash interest expense (income)	`NoncashInterestExpense`	$-16.00K	USD	3 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$111.00K	USD	3 Qtrs
Stock option compensation expense	`ShareBasedCompensation`	$33.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$42.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$119.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-325.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-300.00K	USD	3 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$1.10M	USD	3 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$1.01M	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$105.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$20.00K	USD	3 Qtrs
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-135.00K	USD	3 Qtrs
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$68.00K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$277.00K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-353.00K	USD	3 Qtrs
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$1.77M	USD	3 Qtrs
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$242.00K	USD	3 Qtrs
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-2.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.79M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-912.00K	USD	3 Qtrs
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.06M	USD	3 Qtrs
Net cash (used)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.54M	USD	3 Qtrs
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$22.00K	USD	3 Qtrs
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$-208.00K	USD	3 Qtrs
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.00K	USD	3 Qtrs
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$85.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-18.00K	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-293.00K	USD	3 Qtrs
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$323.00K	USD	3 Qtrs
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$-507.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	3 Qtrs
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$323.00K	USD	3 Qtrs
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-457.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$788.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-752.00K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$901.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$901.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$28.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$35.00K	USD	3 Qtrs

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