10-Q Filing

ALT5 Sigma Corp CIK: 862861 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001683168-19-001518`
Period End Date	20190331
Filing Date	20190514
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	arci-20190330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 37 Cash Flow Statement 63 Stockholders Equity 13

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$652.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.31M	USD	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	288,000.00	shares	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	288,000.00	shares	Point-in-time
Trade and other receivables, net	`AccountsReceivableNetCurrent`	$5.80M	USD	Point-in-time
Trade and other receivables, net	`AccountsReceivableNetCurrent`	$4.61M	USD	Point-in-time
Preferred Stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	288,000.00	shares	Point-in-time
Preferred Stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	288,000.00	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$101.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$103.00K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$975.00K	USD	Point-in-time
Inventories	`InventoryNet`	$801.00K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$617.00K	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$613.00K	USD	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	1.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.96M	USD	Point-in-time
Common Stock, issued shares (in shares)	`CommonStockSharesIssued`	1.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.52M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	1.70M	shares	Point-in-time
Note receivable - ApplianceSmart Holdings, LLC a subsidiary of Live Ventures Incorporated	`NotesReceivableRelatedParties`	$3.84M	USD	Point-in-time
Common Stock, outstanding shares (in shares)	`CommonStockSharesOutstanding`	1.70M	shares	Point-in-time
Note receivable - ApplianceSmart Holdings, LLC a subsidiary of Live Ventures Incorporated	`NotesReceivableRelatedParties`	$3.78M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$700.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$617.00K	USD	Point-in-time
Right to use asset - operating leases	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right to use asset - operating leases	`OperatingLeaseRightOfUseAsset`	$1.88M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$20.05M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$20.99M	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$661.00K	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$641.00K	USD	Point-in-time
Total assets	`Assets`	$34.62M	USD	Point-in-time
Total assets	`Assets`	$34.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.17M	USD	Point-in-time
Accrued liabilities - other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$869.00K	USD	Point-in-time
Accrued liabilities - other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$1.12M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$4.72M	USD	Point-in-time
Accrued liability - California Sales Taxes	`SalesAndExciseTaxPayableCurrent`	$4.74M	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$256.00K	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$100.00K	USD	Point-in-time
Lease obligation short term - operating leases	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Lease obligation short term - operating leases	`OperatingLeaseLiabilityCurrent`	$823.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.46M	USD	Point-in-time
Lease obligation long term - operating leases	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease obligation long term - operating leases	`OperatingLeaseLiabilityNoncurrent`	$1.08M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	$3.55M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilities`	$2.85M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$196.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$44.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$13.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.43M	USD	Point-in-time
Preferred stock, series A - par value $.001 per share 2,000 authorized, 288 shares issued and outstanding at March 30, 2019 and December 29, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, series A - par value $.001 per share 2,000 authorized, 288 shares issued and outstanding at March 30, 2019 and December 29, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.001 per share, 50,000 shares authorized, 1,695 and 1,695 shares issued and outstanding at March 30, 2019 and at December 29, 2018, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, par value $.001 per share, 50,000 shares authorized, 1,695 and 1,695 shares issued and outstanding at March 30, 2019 and at December 29, 2018, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$38.66M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$38.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-533.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-529.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.59M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$34.62M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$34.02M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$6.29M	USD	1 Quarter
Revenues	`Revenues`	$8.91M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$5.14M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$6.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.97M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.02M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.56M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.88M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.10M	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNet`	$8.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-591.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$139.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$103.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-488.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$147.00K	USD	1 Quarter
Loss before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.73M	USD	1 Quarter
Loss before benefit from income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.05M	USD	1 Quarter
Total benefit from income taxes	`IncomeTaxExpenseBenefit`	$-700.00K	USD	1 Quarter
Total benefit from income taxes	`IncomeTaxExpenseBenefit`	$-575.00K	USD	1 Quarter
Net loss attributed to company	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Net loss attributed to company	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss attributed to company	`NetIncomeLoss`	$-5.07M	USD	Annual
Basic / diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-1.20	USD	1 Quarter
Basic / diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-1.07	USD	1 Quarter
Basic / diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.38M	shares	1 Quarter
Basic / diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.70M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.07M	USD	Annual
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.00K	USD	1 Quarter
Effect of foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-22.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-22.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.02M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.50M	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.07M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$994.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.01M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$478.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$37.00K	USD	1 Quarter
Amortization of right to use asset - operating leases	`AmortizationOfLeasedAsset`	$23.00K	USD	1 Quarter
Amortization of right to use asset - operating leases	`AmortizationOfLeasedAsset`	-	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$60.00K	USD	1 Quarter
Change in provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Change in provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$277.00K	USD	1 Quarter
Change in deferred rent	`IncreaseDecreaseInDeferredCharges`	$-7.00K	USD	1 Quarter
Change in deferred rent	`IncreaseDecreaseInDeferredCharges`	$5.00K	USD	1 Quarter
Change in deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$32.00K	USD	1 Quarter
Change in deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-147.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$575.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$701.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$11.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingLiabilities`	$18.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.62M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.19M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-159.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$56.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$172.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$389.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$211.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$520.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.35M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-246.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$163.00K	USD	1 Quarter
Net payments received from ApplianceSmart note receivable	`PaymentsForProceedsFromInvestments`	$-1.43M	USD	1 Quarter
Net payments received from ApplianceSmart note receivable	`PaymentsForProceedsFromInvestments`	$-53.00K	USD	1 Quarter
Net cash provided by (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.41M	USD	1 Quarter
Net cash provided by (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-110.00K	USD	1 Quarter
Net payments under line of credit - MidCap Financial Trust	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net payments under line of credit - MidCap Financial Trust	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.61M	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$193.00K	USD	1 Quarter
Payments on debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$305.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-193.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.91M	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-22.00K	USD	1 Quarter
Effect of changes in exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$6.00K	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-543.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$652.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$652.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.31M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$3.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$228.00K	USD	1 Quarter
Income taxes refunded (paid)	`IncomeTaxesPaidNet`	$3.00K	USD	1 Quarter
Income taxes refunded (paid)	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Net liabilities assumed by ApplianceSmart	`NetLiabilitiesAssumedByAppliancesmart`	-	USD	1 Quarter
Net liabilities assumed by ApplianceSmart	`NetLiabilitiesAssumedByAppliancesmart`	$1.90M	USD	1 Quarter
Right to use asset - operating leases capitalized	`RightToUseAssetOperatingLeasesCapitalized`	-	USD	1 Quarter
Right to use asset - operating leases capitalized	`RightToUseAssetOperatingLeasesCapitalized`	$1.91M	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.61M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.59M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.74M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$26.24M	USD	Point-in-time
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-22.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.07M	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.61M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.59M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$24.74M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$26.24M	USD	Point-in-time

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