10-K Filing

ALPHA PRO TECH LTD CIK: 884269 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001437749-15-004304`
Period End Date	20141231
Filing Date	20150306
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	apt-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 36 Cash Flow Statement 50 Stockholders Equity 25 Comprehensive Income 9

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$85.00K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$60.00K	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	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.21M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.88M	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$1.61M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.35M	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$2.84M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $60,000 and $85,000 as of December 31, 2014 and 2013, respectively	`AccountsReceivableNetCurrent`	$5.33M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $60,000 and $85,000 as of December 31, 2014 and 2013, respectively	`AccountsReceivableNetCurrent`	$4.82M	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$333.00K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$256.00K	USD	Point-in-time
Inventories	`InventoryNet`	$14.14M	USD	Point-in-time
Inventories	`InventoryNet`	$16.54M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.47M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.97M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$486.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$640.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.07M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.31M	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`	$71.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$92.00K	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.71M	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.01M	USD	Point-in-time
Total assets	`Assets`	$38.56M	USD	Point-in-time
Total assets	`Assets`	$41.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$689.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.73M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.75M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.05M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 18,348,556 and 18,878,109 shares outstanding as of December 31, 2014 and 2013, respectively	`CommonStockValue`	$189.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 18,348,556 and 18,878,109 shares outstanding as of December 31, 2014 and 2013, respectively	`CommonStockValue`	$183.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$18.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$17.83M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.38M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$625.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.77M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.58M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$37.91M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.83M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$38.56M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$41.95M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$43.81M	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$47.65M	USD	Annual
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$30.20M	USD	Annual
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$27.57M	USD	Annual
Gross profit	`GrossProfit`	$17.45M	USD	Annual
Gross profit	`GrossProfit`	$16.23M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.12M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.51M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$722.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$721.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.23M	USD	Annual
Total operating expenses	`OperatingExpenses`	$13.84M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.22M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$2.40M	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$210.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$300.00K	USD	Annual
Gain on sale of marketable securities and investment in common stock warrants	`GainLossOnDerivativeInstrumentsNetPretax`	$409.00K	USD	Annual
Gain on sale of marketable securities and investment in common stock warrants	`GainLossOnDerivativeInstrumentsNetPretax`	$350.00K	USD	Annual
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$9.00K	USD	Annual
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$16.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$569.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$725.00K	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$2.96M	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$3.94M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$885.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.20M	USD	Annual
Net income	`NetIncomeLoss`	$2.74M	USD	Annual
Net income	`NetIncomeLoss`	$2.08M	USD	Annual
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.15	USD	Annual
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.11	USD	Annual
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	Annual
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	Annual
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.41M	shares	Annual
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	19.20M	shares	Annual
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.72M	shares	Annual
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.23M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.74M	USD	Annual
Net income	`NetIncomeLoss`	$2.08M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$150.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$33.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$722.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$721.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$210.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$300.00K	USD	Annual
Gain on investment in common stock warrants	`FairValueAdjustmentOfWarrants`	$-30.00K	USD	Annual
Gain on investment in common stock warrants	`FairValueAdjustmentOfWarrants`	$-350.00K	USD	Annual
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$379.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$267.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$518.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-660.00K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$77.00K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$-619.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.40M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-3.02M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$669.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.50M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$570.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$71.00K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.09M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-879.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$947.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$349.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.00K	USD	Annual
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$134.00K	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$440.00K	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-641.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-350.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.05M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$775.00K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.21M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.13M	USD	Annual
Excess tax benefit on stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$231.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.20M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.08M	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.72M	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.66M	USD	Annual
Cash, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.21M	USD	Point-in-time
Cash, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.21M	USD	Point-in-time
Cash, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$968.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$798.00K	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$35.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$37.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	18.88M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	18.35M	shares	Point-in-time
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$775.00K	USD	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.05M	USD	Annual
Options exercised (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	765,002.00	shares	Annual
Options exercised (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	490,000.00	shares	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.21M	USD	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.13M	USD	Annual
Common stock repurchased and retired (in Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.93M	shares	Annual
Common stock repurchased and retired (in Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.02M	shares	Annual
Excess tax benefit from stock options exercised	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$231.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$33.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$150.00K	USD	Annual
Net income	`NetIncomeLoss`	$2.74M	USD	Annual
Net income	`NetIncomeLoss`	$2.08M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$750.00K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$601.00K	USD	Annual
Balance	`StockholdersEquity`	$35.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$37.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	18.88M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	18.35M	shares	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.74M	USD	Annual
Net income	`NetIncomeLoss`	$2.08M	USD	Annual
Change in unrealized gain on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$995.00K	USD	Annual
Change in unrealized gain on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$601.00K	USD	Annual
Reclassification adjustment for gains included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$245.00K	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$601.00K	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$750.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.68M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.49M	USD	Annual

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