10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-014004`
Period End Date	20130930
Filing Date	20131106
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	apt-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 68 Cash Flow Statement 49 Stockholders Equity 18 Comprehensive Income 10

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$112.00K	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 (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.89M	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	18.92M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$293.00K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$867.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $112,000 and $74,000 as of September 30, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$5.93M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $112,000 and $74,000 as of September 30, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$6.35M	USD	Point-in-time
Inventories	`InventoryNet`	$17.16M	USD	Point-in-time
Inventories	`InventoryNet`	$13.64M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.35M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.30M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$575.00K	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`	$31.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.19M	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`	$113.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$97.00K	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`	$2.67M	USD	Point-in-time
Total assets	`Assets`	$37.30M	USD	Point-in-time
Total assets	`Assets`	$37.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$326.00K	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`	$905.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.23M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.03M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$813.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.47M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 18,921,209 and 20,044,457 shares outstanding as of September 30, 2013and December 31, 2012, respectively	`CommonStockValue`	$189.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 18,921,209 and 20,044,457 shares outstanding as of September 30, 2013and December 31, 2012, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.16M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$24.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$382.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.09M	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`	$34.82M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$37.30M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$37.08M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$33.30M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$12.69M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$10.74M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$31.21M	USD	3 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$21.00M	USD	3 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$6.94M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$8.11M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$20.14M	USD	3 Qtrs
Gross profit	`GrossProfit`	$12.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$11.07M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.58M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.80M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.55M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.88M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.08M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$534.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$591.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$166.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$178.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.14M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.24M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.42M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.37M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.88M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$934.00K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$556.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.21M	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$84.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$172.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$402.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$101.00K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$-2.00K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$1.00K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$7.00K	USD	3 Qtrs
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$3.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$82.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$175.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$102.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$409.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$638.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.31M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.34M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$2.06M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$484.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$660.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$408.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$224.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$414.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$905.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	3 Qtrs
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.07	USD	3 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`	$0.05	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	3 Qtrs
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	3 Qtrs
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.33M	shares	3 Qtrs
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.84M	shares	3 Qtrs
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.67M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.01M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.67M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.33M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.01M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.84M	shares	3 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$414.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$905.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$171.00K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$141.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$534.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$591.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$166.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$178.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$84.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$172.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$402.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$101.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-17.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-415.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.38M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.12M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.52M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-269.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$50.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$269.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-423.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-767.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.35M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$481.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$284.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.00K	USD	3 Qtrs
Repayment of advances from unconsolidated affiliate	`ProceedsFromCollectionOfAdvanceToAffiliate`	$417.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-285.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$514.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$778.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.42M	USD	3 Qtrs
Income tax expense on stock options exercised	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-778.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.91M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.61M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.15M	USD	3 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`	$7.71M	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`	$5.89M	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`	$7.71M	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`	$5.89M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.82M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	18.92M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.04M	shares	Point-in-time
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$514.00K	USD	3 Qtrs
Options exercised (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	420,002.00	shares	3 Qtrs
Income tax expense from stock options exercised	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$1.00K	USD	3 Qtrs
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$141.00K	USD	3 Qtrs
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.42M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$414.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$905.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$358.00K	USD	3 Qtrs
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.82M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	18.92M	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`	$414.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$905.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$358.00K	USD	3 Qtrs
Unrealized gain on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$289.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$859.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.19M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$414.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.75M	USD	3 Qtrs

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