10-Q Filing

ALT5 Sigma Corp CIK: 862861 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-001287`
Period End Date	20170331
Filing Date	20170516
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	arci-20170401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 48 Cash Flow Statement 66

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Common Stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$809.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	6.66M	shares	Point-in-time
Trade and other receivables, net	`AccountsReceivableNetCurrent`	$10.51M	USD	Point-in-time
Trade and other receivables, net	`AccountsReceivableNetCurrent`	$8.81M	USD	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	6.66M	shares	Point-in-time
Inventories, net	`InventoryNet`	$13.18M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	6.66M	shares	Point-in-time
Inventories, net	`InventoryNet`	$16.29M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	6.66M	shares	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$7.51M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$16.00K	USD	Point-in-time
Assets of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$7.84M	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$2.18M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$761.00K	USD	Point-in-time
Liabilities of the consolidated variable interest entity	`VariableInterestEntityConsolidatedCarryingAmountLiabilities`	$3.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$675.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.55M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.12M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$536.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$500.00K	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$676.00K	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$614.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$2.08M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetNoncurrent`	$1.60M	USD	Point-in-time
Total assets (a)	`Assets`	$34.55M	USD	Point-in-time
Total assets (a)	`Assets`	$41.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.14M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.88M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.89M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$10.33M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$2.37M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$763.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Current portion of long-term maturities	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.24M	USD	Point-in-time
Current portion of long-term maturities	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.46M	USD	Point-in-time
Long-term obligations, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$2.83M	USD	Point-in-time
Long-term obligations, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$2.65M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$364.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$338.00K	USD	Point-in-time
Total liabilities (a)	`Liabilities`	$21.36M	USD	Point-in-time
Total liabilities (a)	`Liabilities`	$30.65M	USD	Point-in-time
Common stock, no par value, 50,000 shares authorized, 6,655 shares issued and and outstanding at March 31, 2017 and December 31, 2016	`CommonStockValue`	$22.41M	USD	Point-in-time
Common stock, no par value, 50,000 shares authorized, 6,655 shares issued and and outstanding at March 31, 2017 and December 31, 2016	`CommonStockValue`	$22.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-574.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-561.00K	USD	Point-in-time
Total equity	`StockholdersEquity`	$13.05M	USD	Point-in-time
Total equity	`StockholdersEquity`	$10.80M	USD	Point-in-time
Non controlling interest	`MinorityInterest`	$143.00K	USD	Point-in-time
Non controlling interest	`MinorityInterest`	$406.00K	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$34.55M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$41.86M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$25.34M	USD	1 Quarter
Revenues	`Revenues`	$23.24M	USD	1 Quarter
Costs of revenues	`CostOfGoodsAndServicesSold`	$19.15M	USD	1 Quarter
Costs of revenues	`CostOfGoodsAndServicesSold`	$17.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.98M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.73M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.71M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-787.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$297.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$283.00K	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfProperties`	$5.16M	USD	1 Quarter
Other income	`OtherIncome`	$120.00K	USD	1 Quarter
Other income	`OtherIncome`	$5.00K	USD	1 Quarter
Total other income (expense), net	`OtherOperatingIncomeExpenseNet`	$-163.00K	USD	1 Quarter
Total other income (expense), net	`OtherOperatingIncomeExpenseNet`	$4.87M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.16M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-950.00K	USD	1 Quarter
Total provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.22M	USD	1 Quarter
Total provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-320.00K	USD	1 Quarter
Net income (loss) attributing to controlling interest	`ProfitLoss`	$1.95M	USD	1 Quarter
Net income (loss) attributing to controlling interest	`ProfitLoss`	$-630.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$179.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$263.00K	USD	1 Quarter
Net income (loss) attributable to controlling interest	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Net income (loss) attributable to controlling interest	`NetIncomeLoss`	$-451.00K	USD	1 Quarter
Basic	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic	`EarningsPerShareBasicAndDiluted`	$0.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.66M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.82M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.90M	shares	1 Quarter
Net income (loss)	`ProfitLoss`	$1.95M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-630.00K	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$19.00K	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$19.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$13.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-611.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.96M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-263.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-179.00K	USD	1 Quarter
Comprehensive income (loss) attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$2.22M	USD	1 Quarter
Comprehensive income (loss) attributable to controlling interest	`ComprehensiveIncomeNetOfTax`	$-432.00K	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.95M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-630.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$302.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$325.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$53.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$42.00K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$38.00K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$23.00K	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Gain on sale of property	`GainLossOnSaleOfProperties`	$5.16M	USD	1 Quarter
Change in reserve for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$-26.00K	USD	1 Quarter
Change in reserve for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	-	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-477.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$31.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Trade and other receivables	`IncreaseDecreaseInAccountsReceivable`	$-530.00K	USD	1 Quarter
Trade and other receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.73M	USD	1 Quarter
Prepaid expenses and other currrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-86.00K	USD	1 Quarter
Prepaid expenses and other currrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$153.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.11M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.46M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.61M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.07M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-303.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$775.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.92M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.22M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$137.00K	USD	1 Quarter
Proceeds from sale of property and equipment, net	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property and equipment, net	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.79M	USD	1 Quarter
Increase in restricted cash	`IncreaseInRestrictedCash`	$36.00K	USD	1 Quarter
Increase in restricted cash	`IncreaseInRestrictedCash`	-	USD	1 Quarter
Other	`PaymentsForPurchaseOfOtherAssets1`	$56.00K	USD	1 Quarter
Other	`PaymentsForPurchaseOfOtherAssets1`	$4.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-141.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$6.62M	USD	1 Quarter
Net payments under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$2.26M	USD	1 Quarter
Net payments under line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$7.96M	USD	1 Quarter
Proceeds from issuance of debt obligations	`ProceedsFromOtherDebt`	$100.00K	USD	1 Quarter
Proceeds from issuance of debt obligations	`ProceedsFromOtherDebt`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$125.00K	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$138.00K	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.08M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.04M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.42M	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-1.00K	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$38.00K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$354.00K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-159.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$809.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$968.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$809.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$968.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.32M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.97M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$213.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$213.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$-5.00K	USD	1 Quarter
Debt issuance costs related to credit agreement renewal	`DebtIssuanceCostsRelatedToCreditAgreementRenewal`	$63.00K	USD	1 Quarter
Debt issuance costs related to credit agreement renewal	`DebtIssuanceCostsRelatedToCreditAgreementRenewal`	-	USD	1 Quarter

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