10-K Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001571049-13-001285`
Period End Date	20130930
Filing Date	20131220
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	opxs-20130929.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 31 Cash Flow Statement 51 Stockholders Equity 13

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$3.12M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.84M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.58M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.09M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$36.00K	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.62M	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
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`	157.35M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	152.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	157.35M	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.70M	USD	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	152.35M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.46M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.39M	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$192.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$244.00K	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.16M	USD	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.08M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$6.97M	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$210.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$180.00K	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`	$1.39M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.28M	USD	Point-in-time
Total Assets	`Assets`	$12.20M	USD	Point-in-time
Total Assets	`Assets`	$13.14M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.11M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$989.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$754.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$706.00K	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`	$776.00K	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$769.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$858.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.35M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.66M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.94M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.94M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.94M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.61M	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. Preferred shares had a liquidation preference of $6,970,105 at September 29, 2013.)	`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. Preferred shares had a liquidation preference of $6,970,105 at September 29, 2013.)	`PreferredStockValue`	-	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
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.92M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.80M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.36M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.14M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.20M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$17.07M	USD	Annual
Revenues	`SalesRevenueNet`	$14.25M	USD	Annual
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$11.85M	USD	Annual
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$13.86M	USD	Annual
Gross Margin	`GrossProfit`	$2.40M	USD	Annual
Gross Margin	`GrossProfit`	$3.21M	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$2.95M	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$2.71M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$-300.00K	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$259.00K	USD	Annual
Interest Expense - Net	`InterestExpense`	$19.00K	USD	Annual
Interest Expense - Net	`InterestExpense`	$42.00K	USD	Annual
Total Other	`NonoperatingIncomeExpense`	$-19.00K	USD	Annual
Total Other	`NonoperatingIncomeExpense`	$-42.00K	USD	Annual
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$217.00K	USD	Annual
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-319.00K	USD	Annual
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$80.00K	USD	Annual
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$48.00K	USD	Annual
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-367.00K	USD	Annual
Net Income (Loss) After Taxes	`NetIncomeLoss`	$137.00K	USD	Annual
Less preferred stock dividend (accrued) waived	`DividendsPreferredStock`	$-106.00K	USD	Annual
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-261.00K	USD	Annual
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$137.00K	USD	Annual
Basic income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$-0.00	USD	Annual
Basic income (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.00	USD	Annual
Weighted average common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	143.50M	shares	Annual
Weighted average common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	155.00M	shares	Annual
Potentially diluted income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.00	USD	Annual
Potentially diluted income (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.00	USD	Annual
Weighted average common shares outstanding - Potentially diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	904.75M	shares	Annual
Weighted average common shares outstanding - Potentially diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	143.50M	shares	Annual

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-367.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$137.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$165.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.00K	USD	Annual
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	$-328.00K	USD	Annual
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	$-149.00K	USD	Annual
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-48.00K	USD	Annual
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-80.00K	USD	Annual
Noncash interest expense (income)	`NoncashInterestExpense`	$-16.00K	USD	Annual
Stock option compensation expense	`ShareBasedCompensation`	$128.00K	USD	Annual
Stock option compensation expense	`ShareBasedCompensation`	$152.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.28M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-549.00K	USD	Annual
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$3.33M	USD	Annual
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$634.00K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$11.00K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$8.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$612.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-165.00K	USD	Annual
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$2.72M	USD	Annual
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-16.00K	USD	Annual
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$2.00K	USD	Annual
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-2.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.68M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.22M	USD	Annual
Net cash (used in)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.54M	USD	Annual
Net cash (used in)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$848.00K	USD	Annual
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$-210.00K	USD	Annual
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$30.00K	USD	Annual
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$121.00K	USD	Annual
Purchased of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$96.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-306.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-91.00K	USD	Annual
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$-507.00K	USD	Annual
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$858.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	Annual
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$54.00K	USD	Annual
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-403.00K	USD	Annual
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$858.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-771.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$139.00K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	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`	$1.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	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`	$1.65M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$35.00K	USD	Annual
Cash paid for interest	`InterestPaid`	$42.00K	USD	Annual
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$50.00K	USD	Annual
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$25.00K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.59M	USD	Point-in-time
Stock Option Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$152.00K	USD	Annual
Stock Option Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$128.00K	USD	Annual
Sales of Common Stock	`StockIssuedDuringPeriodValueNewIssues`	$50.00K	USD	Annual
Conversion of Preferred Stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.00K	USD	Annual
Exercise of Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$54.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-367.00K	USD	Annual
Net loss	`NetIncomeLoss`	$137.00K	USD	Annual
Balance	`StockholdersEquity`	$7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.59M	USD	Point-in-time

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