10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001571049-14-000394`
Period End Date	20131231
Filing Date	20140212
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	opxs-20131229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 22 Cash Flow Statement 41

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$3.12M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$1.72M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.58M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.06M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$36.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$64.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.62M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.30M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.70M	USD	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.70M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.46M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.48M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$244.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$225.00K	USD	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`	157.35M	shares	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	157.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	157.35M	shares	Point-in-time
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.08M	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$173.00K	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`	$1.28M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.28M	USD	Point-in-time
Total Assets	`Assets`	$11.80M	USD	Point-in-time
Total Assets	`Assets`	$13.14M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$775.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$989.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$706.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$377.00K	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`	$720.00K	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
Credit Facility	`LinesOfCreditCurrent`	$304.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.35M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.74M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.94M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.74M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$1.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.28M	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,016 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 series A preferred issued and outstanding, respectively)	`PreferredStockValue`	-	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 2,000,000,000 authorized, 157,346,607 shares issued and outstanding, respectively)	`CommonStockValue`	$157.00K	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 2,000,000,000 authorized, 157,346,607 shares issued and outstanding, respectively)	`CommonStockValue`	$157.00K	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.94M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.92M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.24M	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`	$7.86M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.80M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.14M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$3.35M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$3.85M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$3.15M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$2.74M	USD	1 Quarter
Gross Margin	`GrossProfit`	$698.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$618.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$629.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$635.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-11.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$63.00K	USD	1 Quarter
Interest Expense - Net	`InterestExpense`	$7.00K	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$63.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$22.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-5.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$41.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.00K	USD	1 Quarter
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	157.35M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	152.35M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-13.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$41.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.00K	USD	1 Quarter
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-23.00K	USD	1 Quarter
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$5.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$27.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$18.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.40M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$96.00K	USD	1 Quarter
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$679.00K	USD	1 Quarter
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$-517.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$48.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$28.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$101.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-544.00K	USD	1 Quarter
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-243.00K	USD	1 Quarter
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$397.00K	USD	1 Quarter
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-2.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.13M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-259.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-218.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.12M	USD	1 Quarter
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$7.00K	USD	1 Quarter
(Increase) decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$7.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$7.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-22.00K	USD	1 Quarter
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$-554.00K	USD	1 Quarter
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-554.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$573.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-240.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	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`	$882.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$7.00K	USD	1 Quarter

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