10-K Filing

ALT5 Sigma Corp CIK: 862861 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001683168-17-000707`
Period End Date	20161231
Filing Date	20170331
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	arci-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 50 Cash Flow Statement 66 Stockholders Equity 17

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$73.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$54.00K	USD	Point-in-time
Inventories, reserves	`InventoryValuationReserves`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$968.00K	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	5.90M	shares	Point-in-time
Accounts receivable, net of allowance of $54 and $73, respectively	`AccountsReceivableNetCurrent`	$10.51M	USD	Point-in-time
Accounts receivable, net of allowance of $54 and $73, respectively	`AccountsReceivableNetCurrent`	$11.54M	USD	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	6.66M	shares	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	6.66M	shares	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	5.90M	shares	Point-in-time
Inventories	`InventoryNet`	$16.29M	USD	Point-in-time
Inventories	`InventoryNet`	$16.73M	USD	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$7.84M	USD	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$8.91M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$16.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.13M	USD	Point-in-time
Other current assets	`PrepaidExpenseCurrent`	$1.35M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$2.18M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$2.84M	USD	Point-in-time
Other current assets	`PrepaidExpenseCurrent`	$761.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.55M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.12M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$500.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$500.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$614.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$663.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$2.08M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.98M	USD	Point-in-time
Total assets (a)	`Assets`	$41.86M	USD	Point-in-time
Total assets (a)	`Assets`	$46.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.14M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.89M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.93M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$12.67M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$10.33M	USD	Point-in-time
Current maturities of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.25M	USD	Point-in-time
Current maturities of long-term obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.87M	USD	Point-in-time
Long-term obligations, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$4.57M	USD	Point-in-time
Long-term obligations, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$2.83M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$364.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$357.00K	USD	Point-in-time
Total liabilities (a)	`Liabilities`	$30.65M	USD	Point-in-time
Total liabilities (a)	`Liabilities`	$34.80M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, no par value; 50,000 shares authorized, 6,655 shares issued and outstanding at December 31, 2016; 10,000 shares authorized, 5,901 shares issued and outstanding at January 2, 2016	`CommonStockValue`	$21.47M	USD	Point-in-time
Common Stock, no par value; 50,000 shares authorized, 6,655 shares issued and outstanding at December 31, 2016; 10,000 shares authorized, 5,901 shares issued and outstanding at January 2, 2016	`CommonStockValue`	$22.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.58M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-574.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-565.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$10.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$11.32M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$720.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$406.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.21M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.54M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$46.85M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$41.86M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Retail	`SalesRevenueGoodsNet`	$65.64M	USD	Annual
Retail	`SalesRevenueGoodsNet`	$61.55M	USD	Annual
Recycling	`RecyclingRevenue`	$35.88M	USD	Annual
Recycling	`RecyclingRevenue`	$31.68M	USD	Annual
Byproduct	`ByproductRevenue`	$10.36M	USD	Annual
Byproduct	`ByproductRevenue`	$10.32M	USD	Annual
Total revenues	`SalesRevenueNet`	$111.84M	USD	Annual
Total revenues	`SalesRevenueNet`	$103.59M	USD	Annual
Costs of revenues	`CostOfGoodsAndServicesSold`	$74.92M	USD	Annual
Costs of revenues	`CostOfGoodsAndServicesSold`	$86.39M	USD	Annual
Gross profit	`GrossProfit`	$25.45M	USD	Annual
Gross profit	`GrossProfit`	$28.66M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$29.21M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$29.55M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-4.10M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-545.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$1.29M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$1.42M	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$150.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-250.00K	USD	Annual
Loss before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.81M	USD	Annual
Loss before income taxes and noncontrolling interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.65M	USD	Annual
Benefit of income taxes	`IncomeTaxExpenseBenefit`	$-49.00K	USD	Annual
Benefit of income taxes	`IncomeTaxExpenseBenefit`	$-1.71M	USD	Annual
Net loss	`ProfitLoss`	$-1.76M	USD	Annual
Net loss	`ProfitLoss`	$-3.93M	USD	Annual
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.22M	USD	Annual
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-314.00K	USD	Annual
Net loss attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.45M	USD	Annual
Net loss attributable to controlling interest	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.72M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.24	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.47	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.47	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.23	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.83M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.05M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.22M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.83M	shares	Annual
Net loss	`ProfitLoss`	$-1.76M	USD	Annual
Net loss	`ProfitLoss`	$-3.93M	USD	Annual
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.00K	USD	Annual
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$110.00K	USD	Annual
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$110.00K	USD	Annual
Total other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.77M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-3.82M	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.22M	USD	Annual
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-314.00K	USD	Annual
Comprehensive loss attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$-2.61M	USD	Annual
Comprehensive loss attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$-1.46M	USD	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.76M	USD	Annual
Net loss	`ProfitLoss`	$-3.93M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.26M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.27M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$245.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$316.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$185.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$107.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-612.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-97.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$5.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-15.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$584.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.01M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$620.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-442.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$414.00K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.13M	USD	Annual
Other current assets	`IncreaseDecreaseInPrepaidExpense`	$-167.00K	USD	Annual
Other current assets	`IncreaseDecreaseInPrepaidExpense`	$-66.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$999.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$59.00K	USD	Annual
Net cash flows (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.41M	USD	Annual
Net cash flows (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.66M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$375.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$404.00K	USD	Annual
Decrease (increase) in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	Annual
Decrease (increase) in restricted cash	`IncreaseDecreaseInRestrictedCash`	$500.00K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.00K	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$37.00K	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$52.00K	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-949.00K	USD	Annual
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-412.00K	USD	Annual
Net (payments) borrowings under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.33M	USD	Annual
Net (payments) borrowings under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$3.43M	USD	Annual
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$941.00K	USD	Annual
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$757.00K	USD	Annual
Proceeds from issuance of debt obligations	`ProceedsFromOtherDebt`	$325.00K	USD	Annual
Proceeds from issuance of debt obligations	`ProceedsFromOtherDebt`	$200.00K	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$148.00K	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Tax deficiency related to share-based compensation	`TaxDeficiencyRelatedToSharebasedCompensation`	-	USD	Annual
Tax deficiency related to share-based compensation	`TaxDeficiencyRelatedToSharebasedCompensation`	$11.00K	USD	Annual
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$24.00K	USD	Annual
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.22M	USD	Annual
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.01M	USD	Annual
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-208.00K	USD	Annual
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-24.00K	USD	Annual
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.55M	USD	Annual
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.00M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$968.00K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$968.00K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$970.00K	USD	Annual
Cash payments for interest	`InterestPaid`	$1.05M	USD	Annual
Cash refunds for income taxes	`IncomeTaxesPaidNet`	$-874.00K	USD	Annual
Cash refunds for income taxes	`IncomeTaxesPaidNet`	$-694.00K	USD	Annual
Debt issuance costs related to credit agreement renewal	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$63.00K	USD	Annual
Debt issuance costs related to credit agreement renewal	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	Annual
Debt issuance costs paid through the issuance of common stock	`DebtIssuanceCostsPaidThroughIssuanceOfCommonStock`	$694.00K	USD	Annual
Debt issuance costs paid through the issuance of common stock	`DebtIssuanceCostsPaidThroughIssuanceOfCommonStock`	-	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.21M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.54M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.04M	USD	Point-in-time
Net loss	`ProfitLoss`	$-1.76M	USD	Annual
Net loss	`ProfitLoss`	$-3.93M	USD	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$110.00K	USD	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.00K	USD	Annual
Issuance of common stock, value	`StockIssuedDuringPeriodValueNewIssues`	$694.00K	USD	Annual
Issuance of common stock, value	`StockIssuedDuringPeriodValueNewIssues`	$24.00K	USD	Annual
Tax deficiency related to share-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$-11.00K	USD	Annual
Share-based compensation, shares	`ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross`	130,000.00	shares	Annual
Share-based compensation, shares	`ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross`	30,000.00	shares	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$316.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$245.00K	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.21M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.54M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.04M	USD	Point-in-time

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