10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001615774-16-006613`
Period End Date	20160630
Filing Date	20160808
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	opxs-20160626.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 52 Cash Flow Statement 62

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$885.00K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$601.00K	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$1.84M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$2.87M	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
Net Inventory	`InventoryNet`	$6.51M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$108.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$170.00K	USD	Point-in-time
Current Assets	`AssetsCurrent`	$9.43M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	314,867.00	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	1.62M	shares	Point-in-time
Current Assets	`AssetsCurrent`	$9.06M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	310,867.00	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.75M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.97M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.62M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	314,867.00	shares	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$120.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$98.00K	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`	$121.00K	USD	Point-in-time
Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$143.00K	USD	Point-in-time
Total Assets	`Assets`	$10.92M	USD	Point-in-time
Total Assets	`Assets`	$11.55M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$575.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$732.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$812.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$889.00K	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`	$1.09M	USD	Point-in-time
Customer Advance Deposits - Short Term	`CustomerAdvancesAndDepositsCurrent`	$630.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$817.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$730.00K	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$3.01M	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$3.32M	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	-	USD	Point-in-time
Customer Advance Deposits - Long Term	`CustomerAdvancesOrDepositsNoncurrent`	$65.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.39M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.01M	USD	Point-in-time
Common Stock - ($0.001 par, 2,000,000,000 authorized, 1,621,145 and 314,867 shares issued and outstanding, respectively)	`CommonStockValue`	-	USD	Point-in-time
Common Stock - ($0.001 par, 2,000,000,000 authorized, 1,621,145 and 314,867 shares issued and outstanding, respectively)	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.50M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.39M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-18.24M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-18.59M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$7.91M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$8.16M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.92M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.55M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$5.34M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$11.77M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$7.81M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$2.31M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$7.72M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$9.71M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$2.57M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$4.26M	USD	1 Quarter
Gross Margin	`GrossProfit`	$1.08M	USD	1 Quarter
Gross Margin	`GrossProfit`	$-260.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$91.00K	USD	3 Qtrs
Gross Margin	`GrossProfit`	$2.06M	USD	3 Qtrs
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$741.00K	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$2.39M	USD	3 Qtrs
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$2.24M	USD	3 Qtrs
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$872.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-329.00K	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-1.00M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-2.15M	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$211.00K	USD	1 Quarter
Gain on Purchased Asset	`GainOnPurchasedAsset`	-	USD	1 Quarter
Gain on Purchased Asset	`GainOnPurchasedAsset`	$2.11M	USD	3 Qtrs
Gain on Purchased Asset	`GainOnPurchasedAsset`	-	USD	1 Quarter
Gain on Purchased Asset	`GainOnPurchasedAsset`	-	USD	3 Qtrs
Interest Income (Expense)	`InterestExpense`	$166.00K	USD	3 Qtrs
Interest Income (Expense)	`InterestExpense`	$28.00K	USD	3 Qtrs
Interest Income (Expense)	`InterestExpense`	$13.00K	USD	1 Quarter
Interest Income (Expense)	`InterestExpense`	$12.00K	USD	1 Quarter
Other (Expense) and Income	`NonoperatingIncomeExpense`	$-12.00K	USD	1 Quarter
Other (Expense) and Income	`NonoperatingIncomeExpense`	$-28.00K	USD	3 Qtrs
Other (Expense) and Income	`NonoperatingIncomeExpense`	$1.94M	USD	3 Qtrs
Other (Expense) and Income	`NonoperatingIncomeExpense`	$-13.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-357.00K	USD	3 Qtrs
Net Income (Loss) After Taxes	`NetIncomeLoss`	$199.00K	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net Income (Loss) After Taxes	`NetIncomeLoss`	$-202.00K	USD	3 Qtrs
Preferred stock dividend/premium	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Preferred stock dividend/premium	`PreferredStockDividendsAndOtherAdjustments`	-	USD	3 Qtrs
Preferred stock dividend/premium	`PreferredStockDividendsAndOtherAdjustments`	$6.44M	USD	3 Qtrs
Preferred stock dividend/premium	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.01M	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$199.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.64M	USD	3 Qtrs
Net income (loss) applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-357.00K	USD	3 Qtrs
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.47	USD	3 Qtrs
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-3.25	USD	1 Quarter
Basic and diluted income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-21.33	USD	3 Qtrs
Weighted Average Common Shares Outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	312,274.00	shares	1 Quarter
Weighted Average Common Shares Outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	756,321.00	shares	3 Qtrs
Weighted Average Common Shares Outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	311,336.00	shares	3 Qtrs
Weighted Average Common Shares Outstanding - basic and fully diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.61M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-357.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$199.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.01M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-202.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$88.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$89.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$260.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$247.00K	USD	3 Qtrs
Noncash interest expense	`NoncashInterestExpense`	$142.00K	USD	3 Qtrs
Noncash interest expense	`NoncashInterestExpense`	$-17.00K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$25.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$63.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$116.00K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$112.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.03M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$337.00K	USD	3 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$867.00K	USD	3 Qtrs
(Increase) decrease in inventory (net of progress billed)	`IncreaseDecreaseInInventories`	$797.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$23.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-62.00K	USD	3 Qtrs
(Increase) decrease in security deposits	`IncreaseDecreaseInSecurityDeposits`	$3.00K	USD	3 Qtrs
(Increase) decrease in security deposits	`IncreaseDecreaseInSecurityDeposits`	-	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$837.00K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$234.00K	USD	3 Qtrs
Increase (decrease) in accrued warranty costs	`IncreaseDecreaseInAccruedWarrantyCosts`	$-3.00K	USD	3 Qtrs
Increase (decrease) in accrued warranty costs	`IncreaseDecreaseInAccruedWarrantyCosts`	-	USD	3 Qtrs
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-677.00K	USD	3 Qtrs
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-526.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$357.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-556.00K	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	-	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-758.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.10M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.00K	USD	3 Qtrs
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$22.00K	USD	3 Qtrs
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyaltiesNoncurrent`	$22.00K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.08M	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.00K	USD	3 Qtrs
Proceeds from convertible notes issued	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from convertible notes issued	`ProceedsFromConvertibleDebt`	$1.56M	USD	3 Qtrs
Debt issuance fees	`PaymentsOfDebtIssuanceCosts`	$74.00K	USD	3 Qtrs
Debt issuance fees	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$-70.00K	USD	3 Qtrs
Proceeds (to) from credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$550.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-70.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.04M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-82.00K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-800.00K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$885.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$601.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$885.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$601.00K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$45.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$23.00K	USD	3 Qtrs
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$3.17M	USD	3 Qtrs
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$10.00K	USD	3 Qtrs

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