10-K Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001571049-15-009981`
Period End Date	20150930
Filing Date	20151215
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	opxs-20150927.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 27 Cash Flow Statement 54 Stockholders Equity 13

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	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
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	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
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$731.00K	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$2.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	314,867.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	310,867.00	shares	Point-in-time
Net Inventory	`InventoryNet`	$5.91M	USD	Point-in-time
Net Inventory	`InventoryNet`	$5.71M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$41.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	314,867.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$170.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	310,867.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	170,914.00	shares	Point-in-time
Current Assets	`AssetsCurrent`	$8.37M	USD	Point-in-time
Current Assets	`AssetsCurrent`	$9.43M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$204.00K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.97M	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$120.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$150.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$26.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$23.00K	USD	Point-in-time
Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$176.00K	USD	Point-in-time
Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$143.00K	USD	Point-in-time
Total Assets	`Assets`	$11.55M	USD	Point-in-time
Total Assets	`Assets`	$8.75M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$575.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$312.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$458.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$812.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$28.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$25.00K	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$1.07M	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$1.09M	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$817.00K	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$1.87M	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$3.32M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$65.00K	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$982.00K	USD	Point-in-time
Other Liabilities	`OtherLiabilities`	$65.00K	USD	Point-in-time
Other Liabilities	`OtherLiabilities`	$982.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.85M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.39M	USD	Point-in-time
Common Stock - ($0.001 par, 2,000,000,000 authorized, 314,867 and 310,867 shares issued and outstanding, respectively)	`CommonStockValue`	-	USD	Point-in-time
Common Stock - ($0.001 par, 2,000,000,000 authorized, 314,867 and 310,867 shares issued and outstanding, respectively)	`CommonStockValue`	-	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$18.18M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.39M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-12.29M	USD	Point-in-time
Retained Earnings (Deficit)	`RetainedEarningsAccumulatedDeficit`	$-18.24M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$5.90M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$7.86M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$8.16M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.75M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.55M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$13.00M	USD	Annual
Revenues	`SalesRevenueNet`	$10.21M	USD	Annual
Cost of Sales	`CostOfGoodsAndServicesSold`	$11.62M	USD	Annual
Cost of Sales	`CostOfGoodsAndServicesSold`	$8.81M	USD	Annual
Gross Margin	`GrossProfit`	$1.40M	USD	Annual
Gross Margin	`GrossProfit`	$1.39M	USD	Annual
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$2.83M	USD	Annual
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$2.38M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.44M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-977.00K	USD	Annual
Gain on Purchased Asset	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$2.11M	USD	Annual
Interest Expense	`InterestExpense`	$8.00K	USD	Annual
Interest Expense	`InterestExpense`	$179.00K	USD	Annual
Other Income and Expense	`NonoperatingIncomeExpense`	$1.93M	USD	Annual
Other Income and Expense	`NonoperatingIncomeExpense`	$-8.00K	USD	Annual
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$491.00K	USD	Annual
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-985.00K	USD	Annual
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	$1.08M	USD	Annual
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-2.06M	USD	Annual
Net Income (Loss) After Taxes	`NetIncomeLoss`	$491.00K	USD	Annual
Preferred stock dividend/premium	`DividendsPreferredStockStock`	$6.44M	USD	Annual
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.95M	USD	Annual
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.06M	USD	Annual
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-19.06	USD	Annual
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-6.76	USD	Annual
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	304,894.00	shares	Annual
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	312,219.00	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.06M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$491.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$80.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$334.00K	USD	Annual
Noncash interest expense	`NoncashInterestExpense`	$154.00K	USD	Annual
Noncash interest expense	`NoncashInterestExpense`	$5.00K	USD	Annual
Provision for inventory valuation	`ProvisionForInventoryValuation`	$-114.00K	USD	Annual
Provision for inventory valuation	`ProvisionForInventoryValuation`	$-247.00K	USD	Annual
(Increase) decrease in deferred tax asset (net of valuation allowance)	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.08M	USD	Annual
Stock option compensation expense	`ShareBasedCompensation`	$140.00K	USD	Annual
Stock option compensation expense	`ShareBasedCompensation`	$105.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.13M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.39M	USD	Annual
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$49.00K	USD	Annual
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$-1.55M	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$10.00K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$130.00K	USD	Annual
(Increase) decrease in security deposits	`IncreaseDecreaseInSecurityDeposits`	$3.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$622.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-930.00K	USD	Annual
Increase (decrease) in accrued warranty costs	`IncreaseDecreaseInOtherAccruedLiabilities`	$3.00K	USD	Annual
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-898.00K	USD	Annual
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-650.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.73M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.71M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.22M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.67M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.10M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.00K	USD	Annual
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$30.00K	USD	Annual
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$30.00K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.07M	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.00K	USD	Annual
Proceeds from convertible notes issued	`ProceedsFromConvertibleDebt`	$1.56M	USD	Annual
Debt issuance fees	`PaymentsOfDebtIssuanceCosts`	$74.00K	USD	Annual
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$800.00K	USD	Annual
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$-858.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-858.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.29M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$803.00K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.00M	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$882.00K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$25.00K	USD	Annual
Cash paid for interest	`InterestPaid`	$8.00K	USD	Annual
Exchange of convertible note and accrued interest to series B preferred stock	`ExchangeOfConvertibleNoteAndAccruedInterestToPreferredStock`	$1.63M	USD	Annual
Beneficial Conversion Feature on series B preferred stock	`ConversionOfStockAmountConverted1`	$4.89M	USD	Annual
Beneficial Conversion Feature on series A preferred stock	`ConversionOfStockSharesConverted2`	$1.55M	USD	Annual
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$10.00K	USD	Annual
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$100.00K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Roundup quantity for holders less than 100,000 shares, pre-split	`RoundupQuantityForHoldersLessThanHunderedNumberOfShares`	139,953.00	shares	Point-in-time
Roundup quantity for holders less than 100,000 shares, post split	`RoundupQuantityForHoldersLessThanOneLakhNumberOfSharesPostSplit`	100.00	shares	Point-in-time
Balance	`StockholdersEquity`	$5.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.16M	USD	Point-in-time
Stock Option Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$105.00K	USD	Annual
Stock Option Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$140.00K	USD	Annual
Preferred Series B Issued in Exchange of Convertible Notes	`ExchangeOfConvertibleNoteAndAccruedInterestToPreferredStock`	$1.63M	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$-2.06M	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$491.00K	USD	Annual
Balance	`StockholdersEquity`	$5.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.16M	USD	Point-in-time

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