10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-036380`
Period End Date	20160630
Filing Date	20160804
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	apt-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 68 Cash Flow Statement 48 Stockholders Equity 15 Comprehensive Income 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$46.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$61.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.91M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.59M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.68M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$574.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$656.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $61,000 and $46,000 as of June 30, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$2.76M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	16.96M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $61,000 and $46,000 as of June 30, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$5.11M	USD	Point-in-time
Accounts receivable, unconsolidated affiliate	`AccountsReceivableRelatedPartiesCurrent`	$2.00K	USD	Point-in-time
Accounts receivable, unconsolidated affiliate	`AccountsReceivableRelatedPartiesCurrent`	$8.00K	USD	Point-in-time
Inventories	`InventoryNet`	$16.40M	USD	Point-in-time
Inventories	`InventoryNet`	$12.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$3.09M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$2.94M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$484.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$484.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.91M	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`	$42.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$51.00K	USD	Point-in-time
Equity investments in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.04M	USD	Point-in-time
Equity investments in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.23M	USD	Point-in-time
Total assets	`Assets`	$38.49M	USD	Point-in-time
Total assets	`Assets`	$39.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$965.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.09M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$867.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$820.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.87M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 16,960,356 and 17,850,456 shares outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$170.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 16,960,356 and 17,850,456 shares outstanding as of June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$178.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$16.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$14.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-226.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-148.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$36.11M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.62M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$38.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$39.13M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$22.75M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$12.10M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$24.55M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$12.71M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$8.17M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$8.18M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$15.01M	USD	2 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$15.77M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.79M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.74M	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.92M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.52M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.33M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.10M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.79M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$271.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$321.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$150.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$117.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.06M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.45M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.42M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.09M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$323.00K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.72M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$246.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$117.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$93.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$215.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$191.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$2.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$15.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$1.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$14.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$230.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$94.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$193.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.92M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$553.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.18M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$377.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$612.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$386.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$89.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$117.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$288.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$436.00K	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`	$0.05	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`	$0.07	USD	2 Qtrs
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
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`	$0.05	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.21M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.44M	shares	2 Qtrs
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.21M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.25M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.44M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.31M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.39M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.21M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$288.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$436.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$11.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$34.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$271.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$321.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$150.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$117.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$117.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$93.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$215.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$191.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.35M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$438.00K	USD	2 Qtrs
Accounts receivable, unconsolidated affiliate	`IncreaseDecreaseInDueFromRelatedParties`	$-249.00K	USD	2 Qtrs
Accounts receivable, unconsolidated affiliate	`IncreaseDecreaseInDueFromRelatedParties`	$-6.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.74M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.67M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-150.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-1.67M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-103.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-567.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.86M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.21M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$106.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$163.00K	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$15.00K	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$41.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-121.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-204.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.75M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$968.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$718.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-250.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.75M	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.58M	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$907.00K	USD	2 Qtrs
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.91M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.59M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.68M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.91M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.59M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.68M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	16.96M	shares	Point-in-time
Balance	`StockholdersEquity`	$36.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.62M	USD	Point-in-time
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.75M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$34.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$288.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$436.00K	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-78.00K	USD	2 Qtrs
Balance (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	16.96M	shares	Point-in-time
Balance	`StockholdersEquity`	$36.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.62M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$797.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$288.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$436.00K	USD	2 Qtrs
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-541.00K	USD	1 Quarter
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-78.00K	USD	2 Qtrs
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-869.00K	USD	2 Qtrs
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$18.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.23M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$815.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-253.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-433.00K	USD	2 Qtrs

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