10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001571049-16-011771`
Period End Date	20151231
Filing Date	20160216
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	opxs-20151227.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 26 Cash Flow Statement 46

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$2.87M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$1.23M	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
Net Inventory	`InventoryNet`	$5.71M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Inventory	`InventoryNet`	$5.86M	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$264.00K	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
Prepaid Expenses	`PrepaidExpenseCurrent`	$170.00K	USD	Point-in-time
Current Assets	`AssetsCurrent`	$8.76M	USD	Point-in-time
Current Assets	`AssetsCurrent`	$9.43M	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
Common stock, shares issued	`CommonStockSharesIssued`	331,145.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	331,145.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	314,867.00	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.89M	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`	$113.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$23.00K	USD	Point-in-time
Security Deposits	`DepositsAssetsNoncurrent`	$23.00K	USD	Point-in-time
Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$143.00K	USD	Point-in-time
Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$136.00K	USD	Point-in-time
Total Assets	`Assets`	$10.78M	USD	Point-in-time
Total Assets	`Assets`	$11.55M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$655.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$575.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$796.00K	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`	$28.00K	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$1.06M	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$1.09M	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$310.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$817.00K	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$2.85M	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
Other Liabilities	`OtherLiabilities`	$65.00K	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, 331,145 and 314,867 shares issued and outstanding, respectively)	`CommonStockValue`	-	USD	Point-in-time
Common Stock - ($0.001 par, 2,000,000,000 authorized, 331,145 and 314,867 shares issued and outstanding, respectively)	`CommonStockValue`	-	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.39M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.42M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-18.24M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-18.48M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$7.94M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$8.16M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.55M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.78M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$3.21M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$2.10M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$2.75M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$1.72M	USD	1 Quarter
Gross Margin	`GrossProfit`	$379.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$467.00K	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$687.00K	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$694.00K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-227.00K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-308.00K	USD	1 Quarter
Gain on Purchased Asset	`GainOnPurchasedAsset`	$2.11M	USD	1 Quarter
Change in Fair Value - Derivatives	`DerivativeGainLossOnDerivativeNet`	$847.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$5.48M	USD	1 Quarter
Interest Expense	`InterestExpense`	$18.00K	USD	1 Quarter
Other Income and (Expense)	`NonoperatingIncomeExpense`	$-2.52M	USD	1 Quarter
Other Income and (Expense)	`NonoperatingIncomeExpense`	$-18.00K	USD	1 Quarter
Loss Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-245.00K	USD	1 Quarter
Loss Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.83M	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred Income Taxes (Benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss After Taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.83M	USD	1 Quarter
Net Loss After Taxes	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-245.00K	USD	1 Quarter
Basic and diluted loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-9.10	USD	1 Quarter
Basic and diluted loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.75	USD	1 Quarter
Weighted Average Common Shares Outstanding (in share)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	326,122.00	shares	1 Quarter
Weighted Average Common Shares Outstanding (in share)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	310,867.00	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-245.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$86.00K	USD	1 Quarter
Derivative valuation gains	`DerivativeGainLossOnDerivativeNet`	$847.00K	USD	1 Quarter
Noncash interest expense	`NoncashInterestExpense`	$5.48M	USD	1 Quarter
Noncash interest expense	`NoncashInterestExpense`	$-6.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$67.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$24.00K	USD	1 Quarter
(Increase) decrease of intangible assets	`FiniteLivedIntangibleAssetsPeriodIncreaseDecrease`	$342.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.64M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$130.00K	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`	$150.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$94.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$63.00K	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`	$-99.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.46M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$269.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.22M	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 provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.08M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$7.00K	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`	$-500.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-500.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.49M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-326.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$722.00K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$24.00K	USD	1 Quarter

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