10-K Filing

ALPHA PRO TECH LTD CIK: 884269 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001437749-13-002367`
Period End Date	20121231
Filing Date	20130306
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	apt-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 35 Cash Flow Statement 46 Stockholders Equity 23 Comprehensive Income 5

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`	$74.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$293.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $74,000 and $54,000 as of December 31, 2012 and 2011, respectively	`AccountsReceivableNetCurrent`	$4.72M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $74,000 and $54,000 as of December 31, 2012 and 2011, respectively	`AccountsReceivableNetCurrent`	$6.35M	USD	Point-in-time
Inventories	`InventoryNet`	$15.57M	USD	Point-in-time
Inventories	`InventoryNet`	$17.16M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.30M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.24M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$554.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$572.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.21M	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`	$3.42M	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`	$135.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$113.00K	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`	$2.50M	USD	Point-in-time
Total assets	`Assets`	$36.87M	USD	Point-in-time
Total assets	`Assets`	$37.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$860.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$702.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$793.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$169.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$871.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.65M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$823.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$813.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 20,044,457 and 21,122,840 shares outstanding as of December 31, 2012 and 2011, respectively	`CommonStockValue`	$211.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 20,044,457 and 21,122,840 shares outstanding as of December 31, 2012 and 2011, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.91M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$24.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.72M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.51M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.83M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.87M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$37.30M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$38.50M	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$41.06M	USD	Annual
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$24.46M	USD	Annual
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$26.60M	USD	Annual
Gross profit	`GrossProfit`	$14.05M	USD	Annual
Gross profit	`GrossProfit`	$14.46M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.32M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.88M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$818.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$764.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$13.64M	USD	Annual
Total operating expenses	`OperatingExpenses`	$13.14M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$817.00K	USD	Annual
Income from operations	`OperatingIncomeLoss`	$905.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$480.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$494.00K	USD	Annual
Net gain on sales of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	Annual
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$10.00K	USD	Annual
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$41.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$490.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$576.00K	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.48M	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.31M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$548.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$330.00K	USD	Annual
Net income	`NetIncomeLoss`	$933.00K	USD	Annual
Net income	`NetIncomeLoss`	$977.00K	USD	Annual
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	Annual
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	Annual
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	Annual
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	Annual
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.70M	shares	Annual
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.08M	shares	Annual
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.08M	shares	Annual
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.70M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$933.00K	USD	Annual
Net income	`NetIncomeLoss`	$977.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$268.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$228.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$818.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$764.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$480.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$494.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-6.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$55.00K	USD	Annual
Gain on sale of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.62M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$909.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.57M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.60M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.48M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$56.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$89.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$782.00K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.01M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.77M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$269.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$519.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$8.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$6.00K	USD	Annual
Repayment of advances by unconsolidated affilitate	`ProceedsFromCollectionOfAdvanceToAffiliate`	$417.00K	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$255.00K	USD	Annual
Proceeds from sale of assets	`ProceedsFromDivestitureOfBusinesses`	$235.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-363.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$16.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.58M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.55M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.54M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.57M	USD	Annual
Changes in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.95M	USD	Annual
Changes in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.19M	USD	Annual
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$310.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$609.00K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$35.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	21.12M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.00K	USD	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$16.00K	USD	Annual
Options exercised (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	13,333.00	shares	Annual
Options exercised (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	6,667.00	shares	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.58M	USD	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.55M	USD	Annual
Common stock repurchased and retired (in Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.09M	shares	Annual
Common stock repurchased and retired (in Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.31M	shares	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$228.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$268.00K	USD	Annual
Net income	`NetIncomeLoss`	$933.00K	USD	Annual
Net income	`NetIncomeLoss`	$977.00K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$24.00K	USD	Annual
Balance	`StockholdersEquity`	$35.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	21.12M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$933.00K	USD	Annual
Net income	`NetIncomeLoss`	$977.00K	USD	Annual
Unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$24.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$933.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.00M	USD	Annual

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