10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-007901`
Period End Date	20120630
Filing Date	20120808
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	apt-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 69 Cash Flow Statement 48 Stockholders Equity 10

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$61.00K	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`	$5.32M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.12M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $61,000 and $54,000 as of June 30, 2012 and December 31, 2011	`AccountsReceivableNetCurrent`	$6.12M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $61,000 and $54,000 as of June 30, 2012 and December 31, 2011	`AccountsReceivableNetCurrent`	$4.72M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.74M	shares	Point-in-time
Inventories	`InventoryNet`	$15.57M	USD	Point-in-time
Inventories	`InventoryNet`	$14.22M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.13M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$572.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$620.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.64M	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`	$122.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$135.00K	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.44M	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.75M	USD	Point-in-time
Total assets	`Assets`	$36.87M	USD	Point-in-time
Total assets	`Assets`	$36.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$702.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$620.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$169.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$244.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$871.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$864.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$823.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$824.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 20,740,890 and 21,122,840 shares outstanding as of June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$211.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 20,740,890 and 21,122,840 shares outstanding as of June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$207.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.72M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.18M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.89M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.87M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$19.22M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$20.47M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$10.28M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$10.85M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$6.41M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$13.19M	USD	2 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$12.08M	USD	2 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$7.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.14M	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.28M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.47M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.68M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$425.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$209.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$449.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$206.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.13M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.43M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.90M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$369.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$378.00K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$17.00K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$419.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$318.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$171.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$234.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$107.00K	USD	1 Quarter
Net gain on sales of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	2 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$3.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$9.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$9.00K	USD	2 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$15.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$290.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$327.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$116.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$174.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$705.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$307.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$485.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$593.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$219.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$261.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$181.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$115.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$444.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$192.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$374.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$304.00K	USD	1 Quarter
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.86M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.43M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.43M	shares	2 Qtrs
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.92M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.43M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.92M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.86M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.43M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$444.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$192.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$374.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$304.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$114.00K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$146.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$425.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$209.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$449.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$206.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$318.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$171.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$234.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$107.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-47.00K	USD	2 Qtrs
Gain on sales of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.89M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.02M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.34M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-113.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-160.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$306.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.10M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$668.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$109.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$413.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00K	USD	2 Qtrs
Proceeds from sales of assets	`ProceedsFromDivestitureOfBusinesses`	$235.00K	USD	2 Qtrs
Net cash ( used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-415.00K	USD	2 Qtrs
Net cash ( used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$123.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$16.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$528.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$129.00K	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-528.00K	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-113.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.11M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-275.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	USD	Point-in-time
Cash and cash equivalents, end 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`	$6.43M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$35.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.18M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$114.00K	USD	2 Qtrs
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$528.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$444.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$192.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$374.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$304.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$35.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.18M	USD	Point-in-time

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