10-Q Filing

OPTEX SYSTEMS HOLDINGS INC CIK: 1397016 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001615774-18-001168`
Period End Date	20171231
Filing Date	20180214
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	opxs-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 54

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.07M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$2.42M	USD	Point-in-time
Accounts Receivable, Net	`AccountsReceivableNetCurrent`	$3.12M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.61M	USD	Point-in-time
Net Inventory	`InventoryNet`	$7.70M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$59.00K	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$63.00K	USD	Point-in-time
Current Assets	`AssetsCurrent`	$11.73M	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`	$12.48M	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	8.19M	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.38M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.46M	USD	Point-in-time
Common Stock, issued	`CommonStockSharesIssued`	8.59M	shares	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	8.59M	shares	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	8.27M	shares	Point-in-time
Common Stock, outstanding	`CommonStockSharesOutstanding`	8.19M	shares	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$60.00K	USD	Point-in-time
Prepaid Royalties - Long Term	`PrepaidRoyaltiesNoncurrent`	$53.00K	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`	$83.00K	USD	Point-in-time
Other Assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$76.00K	USD	Point-in-time
Total Assets	`Assets`	$14.03M	USD	Point-in-time
Total Assets	`Assets`	$13.19M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.36M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$829.00K	USD	Point-in-time
Dividends Payable	`DividendsPayableCurrent`	$262.00K	USD	Point-in-time
Dividends Payable	`DividendsPayableCurrent`	$261.00K	USD	Point-in-time
Dividends Payable	`DividendsPayableCurrent`	$261.00K	USD	Point-in-time
Federal Income Taxes Payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Federal Income Taxes Payable	`TaxesPayableCurrent`	$90.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$251.00K	USD	Point-in-time
Accrued Warranties	`ProductWarrantyAccrualClassifiedCurrent`	$174.00K	USD	Point-in-time
Customer Advance Deposits	`CustomerAdvancesAndDepositsCurrent`	$927.00K	USD	Point-in-time
Customer Advance Deposits	`CustomerAdvancesAndDepositsCurrent`	$712.00K	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`	$4.47M	USD	Point-in-time
Current Liabilities	`LiabilitiesCurrent`	$3.60M	USD	Point-in-time
Warrant Liability	`DerivativeLiabilitiesNoncurrent`	$3.95M	USD	Point-in-time
Warrant Liability	`DerivativeLiabilitiesNoncurrent`	$3.61M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.55M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.08M	USD	Point-in-time
Common Stock - (0.001 par, 2,000,000,000 authorized, 8,590,101 and 8,190,101 shares issued and outstanding, respectively)	`CommonStockValue`	$8.00K	USD	Point-in-time
Common Stock - (0.001 par, 2,000,000,000 authorized, 8,590,101 and 8,190,101 shares issued and outstanding, respectively)	`CommonStockValue`	$9.00K	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.41M	USD	Point-in-time
Additional Paid-in-capital	`AdditionalPaidInCapital`	$26.45M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-20.83M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-20.47M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$5.63M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$5.95M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.19M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.03M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$3.51M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$4.78M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$3.66M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$2.74M	USD	1 Quarter
Gross Margin	`GrossProfit`	$772.00K	USD	1 Quarter
Gross Margin	`GrossProfit`	$1.12M	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$773.00K	USD	1 Quarter
General and Administrative Expense	`GeneralAndAdministrativeExpense`	$844.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$343.00K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-72.00K	USD	1 Quarter
(Loss) Gain on Change in Fair Value of Warrants	`DerivativeGainLossOnDerivativeNet`	$430.00K	USD	1 Quarter
(Loss) Gain on Change in Fair Value of Warrants	`DerivativeGainLossOnDerivativeNet`	$-344.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$3.00K	USD	1 Quarter
Interest Expense	`InterestExpense`	$4.00K	USD	1 Quarter
Other (Expense) Income	`NonoperatingIncomeExpense`	$-347.00K	USD	1 Quarter
Other (Expense) Income	`NonoperatingIncomeExpense`	$426.00K	USD	1 Quarter
(Loss) Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$354.00K	USD	1 Quarter
(Loss) Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.00K	USD	1 Quarter
Current Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$90.00K	USD	1 Quarter
Current Income Taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss) income applicable to common shareholders	`NetIncomeLoss`	$354.00K	USD	1 Quarter
Net (loss) income applicable to common shareholders	`NetIncomeLoss`	$-94.00K	USD	1 Quarter
Basic (loss) income per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Basic (loss) income per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted Average Common Shares Outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.18M	shares	1 Quarter
Weighted Average Common Shares Outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.32M	shares	1 Quarter
Diluted income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted income per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted Average Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.32M	shares	1 Quarter
Weighted Average Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.60M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$354.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-94.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$81.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$83.00K	USD	1 Quarter
Loss (gain) on change in fair value of warrants	`DerivativeGainLossOnDerivativeNet`	$430.00K	USD	1 Quarter
Loss (gain) on change in fair value of warrants	`DerivativeGainLossOnDerivativeNet`	$-344.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$44.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$64.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-701.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-82.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$88.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$371.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-45.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-4.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-131.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-826.00K	USD	1 Quarter
Federal income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$90.00K	USD	1 Quarter
Federal income taxes payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	-	USD	1 Quarter
Accrued warranty costs	`IncreaseDecreaseInAccruedWarrantyCosts`	$-77.00K	USD	1 Quarter
Accrued warranty costs	`IncreaseDecreaseInAccruedWarrantyCosts`	-	USD	1 Quarter
Prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyalties`	$-7.00K	USD	1 Quarter
Prepaid royalties - long term	`IncreaseDecreaseInPrepaidRoyalties`	$-7.00K	USD	1 Quarter
Customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-72.00K	USD	1 Quarter
Customer advance deposits	`IncreaseDecreaseInCustomerAdvancesAndDeposits`	$-215.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-723.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$219.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-369.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$125.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$130.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-130.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$261.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-261.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-136.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-499.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$1.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.07M	USD	Point-in-time
Exchange of common stock for non-trade accounts receivable	`ExchangeOfCommonStockForNontradeAccountsReceivable`	-	USD	1 Quarter
Exchange of common stock for non-trade accounts receivable	`ExchangeOfCommonStockForNontradeAccountsReceivable`	$155.00K	USD	1 Quarter
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$480.00K	USD	1 Quarter
Exchange of preferred stock for common stock	`ExchangeOfPreferredStockForCommonStock`	$90.00K	USD	1 Quarter
Dividends declared and unpaid	`DividendsDeclared`	-	USD	1 Quarter
Dividends declared and unpaid	`DividendsDeclared`	$262.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$4.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$3.00K	USD	1 Quarter

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