10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001615774-17-000720`
Period End Date	20161231
Filing Date	20170221
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	opxs-20170101.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 30 Cash Flow Statement 52

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$1.86M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Net Inventory	`InventoryNet`	$6.21M	USD	Point-in-time
Net Inventory	`InventoryNet`	$6.58M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	1,001.00	shares	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$75.00K	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$120.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Current Assets	`AssetsCurrent`	$10.59M	USD	Point-in-time
Current Assets	`AssetsCurrent`	$11.00M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	8.27M	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.65M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.70M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	8.14M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	8.27M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	8.14M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	314,867.00	shares	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$83.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$90.00K	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`	$113.00K	USD	Point-in-time
Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$106.00K	USD	Point-in-time
Total Assets	`Assets`	$12.39M	USD	Point-in-time
Total Assets	`Assets`	$12.76M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$393.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$706.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$992.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$810.00K	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	`CustomerAdvancesAndDepositsCurrent`	$559.00K	USD	Point-in-time
Customer Advance Deposits	`CustomerAdvancesAndDepositsCurrent`	$487.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$300.00K	USD	Point-in-time
Credit Facility	`LinesOfCreditCurrent`	$300.00K	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$2.40M	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$2.20M	USD	Point-in-time
Warrant Liability	`DerivativeLiabilitiesNoncurrent`	$3.12M	USD	Point-in-time
Warrant Liability	`DerivativeLiabilitiesNoncurrent`	$2.69M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.89M	USD	Point-in-time
Common Stock - ($0.001 par, 2,000,000,000 authorized, 8,144,302 and 8,266,601 shares issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Common Stock - ($0.001 par, 2,000,000,000 authorized, 8,144,302 and 8,266,601 shares issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.79M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.88M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-19.29M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-19.65M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$7.24M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$7.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.76M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.39M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$3.51M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$3.21M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$2.75M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$2.74M	USD	1 Quarter
Gross Margin	`GrossProfit`	$772.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$467.00K	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$694.00K	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$844.00K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-72.00K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-227.00K	USD	1 Quarter
Gain on Change in Fair Value of Warrants	`DerivativeGainLossOnDerivativeNet`	$430.00K	USD	1 Quarter
Gain on Change in Fair Value of Warrants	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Interest Expense	`InterestExpense`	$4.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$18.00K	USD	1 Quarter
Other Income (Expense)	`NonoperatingIncomeExpense`	$426.00K	USD	1 Quarter
Other Income (Expense)	`NonoperatingIncomeExpense`	$-18.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-245.00K	USD	1 Quarter
Income (Loss) Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$354.00K	USD	1 Quarter
Deferred Income Taxes (Benefit)	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred Income Taxes (Benefit)	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLoss`	$354.00K	USD	1 Quarter
Net income (loss) applicable to common shareholders	`NetIncomeLoss`	$-245.00K	USD	1 Quarter
Basic income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Basic income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.75	USD	1 Quarter
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.18M	shares	1 Quarter
Weighted Average Common Shares Outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	326,122.00	shares	1 Quarter
Diluted income (loss) per share (in dollars per shares)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted income (loss) per share (in dollars per shares)	`EarningsPerShareDiluted`	$-0.75	USD	1 Quarter
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	326,122.00	shares	1 Quarter
Weighted average common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.60M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (income) loss	`NetIncomeLoss`	$354.00K	USD	1 Quarter
Net (income) loss	`NetIncomeLoss`	$-245.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$86.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$83.00K	USD	1 Quarter
(Gain) on change in fair value of warrants	`DerivativeGainLossOnDerivativeNet`	$430.00K	USD	1 Quarter
(Gain) on change in fair value of warrants	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Noncash interest expense	`NoncashInterestExpense`	-	USD	1 Quarter
Noncash interest expense	`NoncashInterestExpense`	$-6.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$64.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$24.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.64M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-82.00K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$150.00K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$371.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$94.00K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-45.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-131.00K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$63.00K	USD	1 Quarter
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyalties`	$-7.00K	USD	1 Quarter
Decrease in prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyalties`	$-7.00K	USD	1 Quarter
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-72.00K	USD	1 Quarter
Increase (decrease) in customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-99.00K	USD	1 Quarter
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	-	USD	1 Quarter
Increase (decrease) in accrued estimated loss on contracts	`IncreaseDecreaseInAccruedEstimatedLossOnContracts`	-	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-723.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.47M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-369.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.22M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$130.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-130.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Proceeds to credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$-500.00K	USD	1 Quarter
Proceeds to credit facility (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-500.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$722.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-499.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$683.00K	USD	Point-in-time
Exchange of common stock for non-trade accounts receivable	`ExchangeOfCommonStockForNontradeAccountsReceivable`	$155.00K	USD	1 Quarter
Exchange of common stock for non-trade accounts receivable	`ExchangeOfCommonStockForNontradeAccountsReceivable`	-	USD	1 Quarter
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	-	USD	1 Quarter
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$90.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$24.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$4.00K	USD	1 Quarter

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