10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-010092`
Period End Date	20130630
Filing Date	20130807
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	apt-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 68 Cash Flow Statement 46 Stockholders Equity 17 Comprehensive Income 10

Balance Sheet 56 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	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`	$6.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.11M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$293.00K	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$404.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $87,000 and $74,000 as of June 30, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$5.85M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $87,000 and $74,000 as of June 30, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$6.35M	USD	Point-in-time
Inventories	`InventoryNet`	$17.16M	USD	Point-in-time
Inventories	`InventoryNet`	$14.28M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.30M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.17M	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`	$30.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.22M	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`	$102.00K	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`	$2.57M	USD	Point-in-time
Total assets	`Assets`	$37.30M	USD	Point-in-time
Total assets	`Assets`	$36.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$860.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$737.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$793.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$740.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.65M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$854.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$813.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.47M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 19,110,925 and 20,044,457 shares outstanding as of June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 19,110,925 and 20,044,457 shares outstanding as of June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$191.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.91M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.00K	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`	$14.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$37.30M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.33M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$10.85M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$20.47M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$11.16M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$20.61M	USD	2 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$7.10M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$12.89M	USD	2 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$7.00M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$13.19M	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.72M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.28M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.47M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.18M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$175.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$425.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$356.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$209.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.90M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.36M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.05M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.43M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$699.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$419.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$669.00K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$378.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$171.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$38.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$71.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$318.00K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNonoperatingNet`	$2.00K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNonoperatingNet`	$1.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$3.00K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$9.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$39.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$73.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$327.00K	USD	2 Qtrs
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`	$738.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$742.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$593.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$261.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$219.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$264.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$252.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$474.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$490.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$374.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$444.00K	USD	2 Qtrs
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
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`	$0.02	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	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`	$0.02	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	2 Qtrs
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.49M	shares	2 Qtrs
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.86M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.26M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	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`	19.55M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.36M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.92M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$474.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$490.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$374.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$444.00K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$108.00K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$114.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$175.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$425.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$356.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$209.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$171.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$38.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$71.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$318.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-47.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-501.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.34M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.88M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$866.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-113.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-177.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$668.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.22M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$413.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$149.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-150.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-415.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$56.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$528.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.55M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-528.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.57M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-275.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.13M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	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`	$6.13M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.23M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.00M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	19.11M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$56.00K	USD	2 Qtrs
Options exercised (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	46,668.00	shares	2 Qtrs
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$108.00K	USD	2 Qtrs
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.55M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$474.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$490.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$374.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$444.00K	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$69.00K	USD	2 Qtrs
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.00M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	19.11M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$474.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$490.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$374.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$444.00K	USD	2 Qtrs
Unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$22.00K	USD	1 Quarter
Unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$69.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$374.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$559.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$444.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$496.00K	USD	1 Quarter

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