10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001571049-15-001008`
Period End Date	20141231
Filing Date	20150211
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	opxs-20141228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 26 Cash Flow Statement 48

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$731.00K	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	$861.00K	USD	Point-in-time
Net Inventory	`InventoryNet`	$5.91M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.08M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$41.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$42.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.35M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.37M	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`	$3.83M	USD	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 authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.54M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.61M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	170.91M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	170.91M	shares	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$2.23M	USD	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
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5,000.00	shares	Point-in-time
Intangibles	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$342.00K	USD	Point-in-time
Debt Issuance Fees (Net)	`UnamortizedDebtIssuanceExpense`	$69.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$150.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$143.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$580.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$176.00K	USD	Point-in-time
Total Assets	`Assets`	$12.15M	USD	Point-in-time
Total Assets	`Assets`	$8.75M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$312.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$466.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$543.00K	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`	$28.00K	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$1.07M	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$938.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.87M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.98M	USD	Point-in-time
Convertible Notes Payable - Net of Discount	`ConvertibleLongTermNotesPayable`	$33.00K	USD	Point-in-time
Accrued Interest on Convertible Notes	`AccruedInterestOnConvertibleNotes`	$22.00K	USD	Point-in-time
Derivative Liabilities - Long Term	`DerivativeLiabilitiesNoncurrent`	$6.13M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$982.00K	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$859.00K	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$7.04M	USD	Point-in-time
Total Other Liabilities	`OtherLiabilities`	$982.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.85M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.02M	USD	Point-in-time
Optex Systems Holdings, Inc. Preferred Stock ($0.001 par 5,000 authorized, 1,001 and 1,001 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 1,001 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 170,913,943 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 170,913,943 shares issued and outstanding, respectively)	`CommonStockValue`	$171.00K	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$18.08M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$18.01M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-15.11M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-12.29M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.14M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.90M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.75M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.15M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$3.35M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$2.10M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$1.72M	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$2.74M	USD	1 Quarter
Gross Margin	`GrossProfit`	$379.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$618.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$687.00K	USD	1 Quarter
General and Administrative	`GeneralAndAdministrativeExpense`	$629.00K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-11.00K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-308.00K	USD	1 Quarter
Gain on Purchased Asset	`GainOnPurchasedAsset`	$2.11M	USD	1 Quarter
Total Other Income	`NonOperatingIncomeTotal`	$2.11M	USD	1 Quarter
Change in Fair Value - Derivatives	`UnrealizedGainLossOnDerivatives`	$847.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$7.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$5.48M	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$-4.63M	USD	1 Quarter
Total Other	`NonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Loss Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.83M	USD	1 Quarter
Loss Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$-5.00K	USD	1 Quarter
Net Loss Applicable to Common Shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.83M	USD	1 Quarter
Net 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`	$-0.02	USD	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	170.91M	shares	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	157.35M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-2.83M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-13.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.00K	USD	1 Quarter
Derivative valuation (gains) losses	`UnrealizedGainLossOnDerivatives`	$847.00K	USD	1 Quarter
Noncash interest expense	`NoncashInterestExpense`	$5.48M	USD	1 Quarter
(Increase) decrease of intangible assets	`IncreaseDecreaseInIntangibleAssetsCurrent`	$342.00K	USD	1 Quarter
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$5.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$18.00K	USD	1 Quarter
Stock option compensation expense	`ShareBasedCompensation`	$67.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$130.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.40M	USD	1 Quarter
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$1.18M	USD	1 Quarter
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$-517.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$28.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-544.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$236.00K	USD	1 Quarter
Increase (decrease) in accrued warranty costs	`IncreaseDecreaseInAccruedWarrantyCosts`	$-3.00K	USD	1 Quarter
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-257.00K	USD	1 Quarter
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-243.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.10M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.13M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.12M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$269.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.09M	USD	1 Quarter
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$7.00K	USD	1 Quarter
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$7.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$7.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.08M	USD	1 Quarter
Proceeds from convertible notes issued	`ProceedsFromConvertibleDebt`	$1.56M	USD	1 Quarter
Debt issuance fees	`PaymentsOfDebtIssuanceCosts`	$74.00K	USD	1 Quarter
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$-554.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.49M	USD	1 Quarter
Net cash 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`	$-326.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	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`	$1.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	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`	$1.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$7.00K	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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