10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-005505`
Period End Date	20110630
Filing Date	20110805
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	apt-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 61 Cash Flow Statement 48 Stockholders Equity 15

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$77.00K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$62.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $62,000 at June 30, 2011 and $77,000 at December 31, 2010	`AccountsReceivableNetCurrent`	$3.82M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $62,000 at June 30, 2011 and $77,000 at December 31, 2010	`AccountsReceivableNetCurrent`	$5.71M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$17.32M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.33M	shares	Point-in-time
Inventories	`InventoryNet`	$15.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.42M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.56M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.33M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.72M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.42M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$443.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$443.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.83M	USD	Point-in-time
Goodwill	`Goodwill`	$55.00K	USD	Point-in-time
Goodwill	`Goodwill`	$55.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$144.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$164.00K	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.94M	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.17M	USD	Point-in-time
Total assets	`Assets`	$36.93M	USD	Point-in-time
Total assets	`Assets`	$37.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$620.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$487.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$469.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$296.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$783.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.09M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$639.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$639.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.42M	USD	Point-in-time
Common stock, $0.01 par value, 50,000,000 shares authorized, 22,327,855 and 22,424,285 issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$224.00K	USD	Point-in-time
Common stock, $0.01 par value, 50,000,000 shares authorized, 22,327,855 and 22,424,285 issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$223.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.78M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$35.51M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$35.74M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$37.47M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$36.93M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$22.85M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$11.22M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$10.28M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$19.22M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$7.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$12.08M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$13.64M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$6.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.21M	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.14M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.52M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.30M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.68M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$449.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$426.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$218.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$206.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.48M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$369.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$485.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$234.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$172.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$107.00K	USD	1 Quarter
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$99.00K	USD	1 Quarter
Net gain on sales of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	2 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$9.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$15.00K	USD	2 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$15.00K	USD	2 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$5.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$589.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$485.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.67M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$307.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$181.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$217.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$115.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$611.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$372.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.06M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$192.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$304.00K	USD	1 Quarter
Basic net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Basic net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Diluted net income per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Diluted net income per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Diluted net income per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted net income per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.43M	shares	2 Qtrs
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.42M	shares	1 Quarter
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.42M	shares	2 Qtrs
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.43M	shares	1 Quarter
Diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.43M	shares	1 Quarter
Diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.87M	shares	1 Quarter
Diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.43M	shares	2 Qtrs
Diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.02M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$372.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.06M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$192.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$304.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$146.00K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$68.00K	USD	2 Qtrs
Proceeds from dividends from equity investments in unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$77.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$449.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$426.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$218.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$206.00K	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$234.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$172.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$107.00K	USD	1 Quarter
Equity in income of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$99.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.89M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.14M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.77M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.02M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$160.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-668.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$306.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.49M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.33M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.10M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$462.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$109.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$4.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00K	USD	2 Qtrs
Proceeds from sale of Janesville	`ProceedsFromDivestitureOfBusinesses`	$235.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-466.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$123.00K	USD	2 Qtrs
Payment for the repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$129.00K	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$16.00K	USD	2 Qtrs
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-113.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents during the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.11M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents during the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.79M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance at December 31, 2010	`StockholdersEquity`	$35.51M	USD	Point-in-time
Balance at December 31, 2010	`StockholdersEquity`	$35.74M	USD	Point-in-time
Balance at December 31, 2010 (in Shares)	`CommonStockSharesIssued`	22.33M	shares	Point-in-time
Balance at December 31, 2010 (in Shares)	`CommonStockSharesIssued`	22.42M	shares	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$146.00K	USD	2 Qtrs
Common Stock repurchased & retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$-129.00K	USD	2 Qtrs
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$16.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$372.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.06M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$192.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$304.00K	USD	1 Quarter
Balance at June 30, 2011	`StockholdersEquity`	$35.51M	USD	Point-in-time
Balance at June 30, 2011	`StockholdersEquity`	$35.74M	USD	Point-in-time
Balance at June 30, 2011 (in Shares)	`CommonStockSharesIssued`	22.33M	shares	Point-in-time
Balance at June 30, 2011 (in Shares)	`CommonStockSharesIssued`	22.42M	shares	Point-in-time

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