10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-005401`
Period End Date	20130331
Filing Date	20130507
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	apt-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 34 Cash Flow Statement 38 Stockholders Equity 15 Comprehensive Income 5

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$87.00K	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`	$4.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.33M	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
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 outstanding	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$368.00K	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$293.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.53M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $87,000 and $74,000 as of March 31, 2013 and December 31, 2012	`AccountsReceivableNetCurrent`	$7.50M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $87,000 and $74,000 as of March 31, 2013 and December 31, 2012	`AccountsReceivableNetCurrent`	$6.35M	USD	Point-in-time
Inventories	`InventoryNet`	$16.30M	USD	Point-in-time
Inventories	`InventoryNet`	$17.16M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.30M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.52M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$554.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$554.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.32M	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`	$106.00K	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`	$2.50M	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.53M	USD	Point-in-time
Total assets	`Assets`	$36.57M	USD	Point-in-time
Total assets	`Assets`	$37.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$511.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$860.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$793.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$793.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.65M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$813.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$841.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.45M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 19,525,858 and 20,044,457 shares outstanding as of March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 19,525,858 and 20,044,457 shares outstanding as of March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$195.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.14M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$71.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$24.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.12M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.57M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$37.30M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$9.62M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$9.45M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$5.79M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$6.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.66M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.25M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$216.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$181.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.47M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.69M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-30.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-41.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$33.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$147.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$1.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$6.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$34.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$153.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$4.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$112.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$42.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-11.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$70.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.00K	USD	1 Quarter
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.72M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.99M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.99M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.75M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$70.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$55.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$57.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$216.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$181.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$33.00K	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`	$1.15M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-708.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-865.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$217.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.02M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-41.00K	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`	$-322.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$366.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-368.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$42.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$872.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$205.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-830.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-205.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.22M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.04M	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.33M	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`	$7.50M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.33M	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`	$7.50M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.12M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	19.53M	shares	Point-in-time
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$42.00K	USD	1 Quarter
Options exercised (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-35,001.00	shares	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$55.00K	USD	1 Quarter
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$872.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$70.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$47.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.12M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	19.53M	shares	Point-in-time

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$70.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.00K	USD	1 Quarter
Unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$47.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$70.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$62.00K	USD	1 Quarter

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