10-K Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001571049-14-007394`
Period End Date	20140930
Filing Date	20141223
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	opxs-20140928.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 30 Cash Flow Statement 49 Stockholders Equity 10

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$731.00K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$3.12M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.58M	USD	Point-in-time
Net Inventory	`InventoryNet`	$5.91M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$41.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$36.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.37M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.62M	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
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.70M	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
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$1.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	157.35M	shares	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.46M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	170.91M	shares	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$244.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	157.35M	shares	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$204.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	170.91M	shares	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
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.08M	USD	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
Deferred Tax Asset - Long Term	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$150.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$180.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$21.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$176.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$1.28M	USD	Point-in-time
Total Assets	`Assets`	$8.75M	USD	Point-in-time
Total Assets	`Assets`	$13.14M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$989.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$312.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$706.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$458.00K	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`	$769.00K	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$1.07M	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$858.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.87M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.35M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$1.94M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$982.00K	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$982.00K	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`	$2.85M	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,001 and 1, 016 series A preferred shares issued and outstanding, respectively)	`PreferredStockValue`	-	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,001 and 1, 016 series A preferred shares issued and outstanding, respectively)	`PreferredStockValue`	-	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 2,000,000,000 authorized, 170,913,943 and 157,346,607 shares issued and outstanding, respectively)	`CommonStockValue`	$171.00K	USD	Point-in-time
Optex Systems Holdings, Inc. - (par $0.001, 2,000,000,000 authorized, 170,913,943 and 157,346,607 shares issued and outstanding, respectively)	`CommonStockValue`	$157.00K	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$18.01M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$17.92M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.22M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-12.29M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.90M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.75M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.14M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$10.21M	USD	Annual
Revenues	`SalesRevenueNet`	$17.07M	USD	Annual
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$8.81M	USD	Annual
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$13.86M	USD	Annual
Gross Margin	`GrossProfit`	$3.21M	USD	Annual
Gross Margin	`GrossProfit`	$1.40M	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$2.95M	USD	Annual
General and Administrative	`GeneralAndAdministrativeExpense`	$2.38M	USD	Annual
Operating (Loss) Income	`OperatingIncomeLoss`	$-977.00K	USD	Annual
Operating (Loss) Income	`OperatingIncomeLoss`	$259.00K	USD	Annual
Interest Expense - Net	`InterestExpense`	$42.00K	USD	Annual
Interest Expense - Net	`InterestExpense`	$8.00K	USD	Annual
Total Other	`NonoperatingIncomeExpense`	$-8.00K	USD	Annual
Total Other	`NonoperatingIncomeExpense`	$-42.00K	USD	Annual
(Loss) Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$217.00K	USD	Annual
(Loss) Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-985.00K	USD	Annual
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$1.08M	USD	Annual
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$80.00K	USD	Annual
Net (Loss) Income After Taxes	`NetIncomeLoss`	$137.00K	USD	Annual
Net (Loss) Income After Taxes	`NetIncomeLoss`	$-2.06M	USD	Annual
Net (Loss) Income Applicable to Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$137.00K	USD	Annual
Net (Loss) Income Applicable to Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.06M	USD	Annual
Basic (loss) income per share (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	Annual
Basic (loss) income per share (in dollars per share)	`EarningsPerShareBasic`	$0.00	USD	Annual
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	155.00M	shares	Annual
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	164.94M	shares	Annual
Potentially diluted (loss) income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.00	USD	Annual
Potentially diluted (loss) income per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Weighted average common shares outstanding - Potentially diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	921.88M	shares	Annual
Weighted average common shares outstanding - Potentially diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	904.75M	shares	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$137.00K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-2.06M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$80.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$69.00K	USD	Annual
Noncash interest expense	`NoncashInterestExpense`	$5.00K	USD	Annual
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	$-149.00K	USD	Annual
Provision for allowance for inventory valuation	`ProvisionForInventoryValuation`	$-114.00K	USD	Annual
Decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.08M	USD	Annual
Decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-80.00K	USD	Annual
Stock option compensation expense	`ShareBasedCompensation`	$105.00K	USD	Annual
Stock option compensation expense	`ShareBasedCompensation`	$128.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.39M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.28M	USD	Annual
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$634.00K	USD	Annual
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$-1.55M	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$8.00K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$10.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-940.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-165.00K	USD	Annual
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-650.00K	USD	Annual
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-16.00K	USD	Annual
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$10.00K	USD	Annual
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	$-2.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.73M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.68M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.54M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.67M	USD	Annual
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$30.00K	USD	Annual
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$30.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$121.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-91.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.00K	USD	Annual
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$-858.00K	USD	Annual
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$858.00K	USD	Annual
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-858.00K	USD	Annual
Net cash (used In) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$858.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$803.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-771.00K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	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`	$1.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	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`	$1.65M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$42.00K	USD	Annual
Cash paid for interest	`InterestPaid`	$8.00K	USD	Annual
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$50.00K	USD	Annual
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$100.00K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.59M	USD	Point-in-time
Stock Option Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$105.00K	USD	Annual
Stock Option Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$128.00K	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$137.00K	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$-2.06M	USD	Annual
Balance	`StockholdersEquity`	$5.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.86M	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.