10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-004632`
Period End Date	20120331
Filing Date	20120508
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	apt-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 35 Cash Flow Statement 40 Stockholders Equity 12

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$54.00K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$54.00K	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`	$7.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $54,000 as of March 31, 2012 and December 31, 2011	`AccountsReceivableNetCurrent`	$4.72M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $54,000 as of March 31, 2012 and December 31, 2011	`AccountsReceivableNetCurrent`	$6.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.12M	shares	Point-in-time
Inventories	`InventoryNet`	$15.57M	USD	Point-in-time
Inventories	`InventoryNet`	$14.86M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.97M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.26M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.24M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$572.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$572.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.79M	USD	Point-in-time
Goodwill	`Goodwill`	$55.00K	USD	Point-in-time
Goodwill	`Goodwill`	$55.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$130.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$135.00K	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.58M	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.44M	USD	Point-in-time
Total assets	`Assets`	$37.14M	USD	Point-in-time
Total assets	`Assets`	$36.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$965.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$702.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$169.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$257.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$871.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$823.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$823.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69M	USD	Point-in-time
Common stock, $0.01 par value: 50,000,000 shares authorized; 20,971,490 and 21,122,840 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$210.00K	USD	Point-in-time
Common stock, $0.01 par value: 50,000,000 shares authorized; 20,971,490 and 21,122,840 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$211.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.79M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$35.10M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$35.18M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$37.14M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$36.87M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$8.95M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$9.62M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$6.19M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.38M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$243.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$216.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.62M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.47M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-41.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-352.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$127.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$147.00K	USD	1 Quarter
Net gain on sales of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$6.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$6.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$174.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$153.00K	USD	1 Quarter
Income (loss) before provision for (benefit from) income taxes	`IncomeLossAttributableToParent`	$112.00K	USD	1 Quarter
Income (loss) before provision for (benefit from) income taxes	`IncomeLossAttributableToParent`	$-178.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$42.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-66.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-112.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$70.00K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.99M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.43M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.43M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.99M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-112.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$70.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$57.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$75.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$243.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$216.00K	USD	1 Quarter
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$127.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$147.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.71M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.18M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-708.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-872.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.02M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.39M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-51.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$351.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.47M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.70M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$366.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromDivestitureOfBusinesses`	$235.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$189.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-368.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$205.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$16.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-205.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.04M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.50M	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.82M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.46M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.82M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.46M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$35.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.18M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesIssued`	20.97M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesIssued`	21.12M	shares	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$57.00K	USD	1 Quarter
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$205.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-112.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$70.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$35.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.18M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesIssued`	20.97M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesIssued`	21.12M	shares	Point-in-time

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