10-K Filing

ALPHA PRO TECH LTD CIK: 884269 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001437749-16-026648`
Period End Date	20151231
Filing Date	20160303
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	apt-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 36 Cash Flow Statement 52 Stockholders Equity 26 Comprehensive Income 10

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$46.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$60.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.68M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.21M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$2.84M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$656.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $46,000 and $60,000 as of December 31, 2015 and 2014, respectively	`AccountsReceivableNetCurrent`	$5.33M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.35M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $46,000 and $60,000 as of December 31, 2015 and 2014, respectively	`AccountsReceivableNetCurrent`	$2.76M	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$333.00K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$8.00K	USD	Point-in-time
Inventories	`InventoryNet`	$16.40M	USD	Point-in-time
Inventories	`InventoryNet`	$16.54M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.47M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.09M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$486.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$484.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.91M	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`	$51.00K	USD	Point-in-time
Equity investments in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.01M	USD	Point-in-time
Equity investments in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.04M	USD	Point-in-time
Total assets	`Assets`	$39.13M	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`	$1.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.15M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.75M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$867.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.02M	USD	Point-in-time
Commitments (Notes 9 and 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Notes 9 and 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 17,850,456 and 18,348,556 shares outstanding as of December 31, 2015 and 2014, respectively	`CommonStockValue`	$183.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 17,850,456 and 18,348,556 shares outstanding as of December 31, 2015 and 2014, respectively	`CommonStockValue`	$178.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$16.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$17.83M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.38M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-148.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.52M	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`	$36.11M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$39.13M	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`	$44.95M	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`	$28.98M	USD	Annual
Gross profit	`GrossProfit`	$15.97M	USD	Annual
Gross profit	`GrossProfit`	$17.45M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.79M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.51M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$721.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$703.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.50M	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.23M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.48M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.22M	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$32.00K	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`	-	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$14.00K	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$16.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$725.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$46.00K	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$3.94M	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.52M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$480.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.20M	USD	Annual
Net income	`NetIncomeLoss`	$2.74M	USD	Annual
Net income	`NetIncomeLoss`	$1.04M	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`	$0.06	USD	Annual
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	Annual
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.41M	shares	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.20M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.24M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.72M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.74M	USD	Annual
Net income	`NetIncomeLoss`	$1.04M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$33.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$24.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$721.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$703.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$32.00K	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`	-	USD	Annual
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	Annual
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$379.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-48.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$267.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.57M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$518.00K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$77.00K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$-325.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.40M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-146.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.50M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.38M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-139.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$570.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.97M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-879.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$947.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$274.00K	USD	Annual
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$134.00K	USD	Annual
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$175.00K	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Proceeds from sale of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$440.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-641.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-449.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$775.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$765.00K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.21M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.11M	USD	Annual
Excess tax benefit from stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$231.00K	USD	Annual
Excess tax benefit from stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$9.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.34M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.20M	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.19M	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.72M	USD	Annual
Cash, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$9.68M	USD	Point-in-time
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, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$9.68M	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 paid for income taxes	`IncomeTaxesPaid`	$303.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$968.00K	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	18.35M	shares	Point-in-time
Balance	`StockholdersEquity`	$35.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$37.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.11M	USD	Point-in-time
Options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	475,000.00	shares	Annual
Options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	490,000.00	shares	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$765.00K	USD	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$775.00K	USD	Annual
Common stock repurchased and retired (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.02M	shares	Annual
Common stock repurchased and retired (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	973,100.00	shares	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.11M	USD	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.21M	USD	Annual
Excess tax benefit from stock options exercised	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$9.00K	USD	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`	$24.00K	USD	Annual
Net income	`NetIncomeLoss`	$2.74M	USD	Annual
Net income	`NetIncomeLoss`	$1.04M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.52M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$750.00K	USD	Annual
Balance (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	18.35M	shares	Point-in-time
Balance	`StockholdersEquity`	$35.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$37.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.11M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.74M	USD	Annual
Net income	`NetIncomeLoss`	$1.04M	USD	Annual
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.52M	USD	Annual
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$995.00K	USD	Annual
Reclassification adjustment for gains included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	Annual
Reclassification adjustment for gains included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$245.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$750.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.52M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$3.49M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-482.00K	USD	Annual

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