10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-040948`
Period End Date	20160930
Filing Date	20161103
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	apt-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 68 Cash Flow Statement 48 Stockholders Equity 17 Comprehensive Income 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$59.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$46.00K	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`	$11.77M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.57M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	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
Investments	`AvailableForSaleSecuritiesCurrent`	$617.00K	USD	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 $59,000 and $46,000 as of September 30, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$4.71M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $59,000 and $46,000 as of September 30, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$2.76M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	16.30M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Accounts receivable, unconsolidated affiliate	`AccountsReceivableRelatedPartiesCurrent`	$8.00K	USD	Point-in-time
Accounts receivable, unconsolidated affiliate	`AccountsReceivableRelatedPartiesCurrent`	$19.00K	USD	Point-in-time
Inventories	`InventoryNet`	$11.85M	USD	Point-in-time
Inventories	`InventoryNet`	$16.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$3.09M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$2.90M	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`	$2.70M	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`	$51.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$39.00K	USD	Point-in-time
Equity investment in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.04M	USD	Point-in-time
Equity investment in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.47M	USD	Point-in-time
Total assets	`Assets`	$39.13M	USD	Point-in-time
Total assets	`Assets`	$38.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.26M	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`	$1.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.15M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$867.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$835.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.81M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 16,301,056 and 17,850,456 shares outstanding as of September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$178.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 16,301,056 and 17,850,456 shares outstanding as of September 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$163.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$16.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$12.98M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-148.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-198.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$34.83M	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`	$38.63M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$12.18M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$34.92M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$36.33M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$11.78M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$22.38M	USD	3 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$7.37M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$7.26M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$23.03M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.55M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.30M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.98M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.16M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.95M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$153.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$206.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$425.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$527.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.51M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$10.38M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.31M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.04M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$718.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.93M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.21M	USD	1 Quarter
Equity in income (loss) of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-165.00K	USD	1 Quarter
Equity in income (loss) of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$50.00K	USD	3 Qtrs
Equity in income (loss) of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$242.00K	USD	1 Quarter
Equity in income (loss) of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$433.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	-	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$3.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$15.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$1.00K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$-165.00K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$65.00K	USD	3 Qtrs
Total other income (loss)	`NonoperatingIncomeExpense`	$436.00K	USD	3 Qtrs
Total other income (loss)	`NonoperatingIncomeExpense`	$243.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$3.36M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$553.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.45M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.10M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$429.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$247.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$364.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$306.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$741.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.32M	USD	3 Qtrs
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.14	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`	$0.02	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	3 Qtrs
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	3 Qtrs
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.06	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`	18.26M	shares	3 Qtrs
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.70M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.28M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.19M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.36M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.30M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.19M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.71M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$306.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$741.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.32M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$115.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$18.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$153.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$206.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$425.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$527.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-165.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$50.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$242.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$433.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.95M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-208.00K	USD	3 Qtrs
Accounts receivable, unconsolidated affiliate	`IncreaseDecreaseInDueFromRelatedParties`	$11.00K	USD	3 Qtrs
Accounts receivable, unconsolidated affiliate	`IncreaseDecreaseInDueFromRelatedParties`	$-249.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.32M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.54M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-191.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-1.76M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-80.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$815.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.02M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.06M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$212.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$189.00K	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$36.00K	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$41.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-253.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-225.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.52M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.69M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$17.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$765.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.67M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-753.00K	USD	3 Qtrs
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.08M	USD	3 Qtrs
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.09M	USD	3 Qtrs
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.68M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.77M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.57M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.68M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.77M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.57M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.50M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	16.30M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.11M	USD	Point-in-time
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.69M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$115.00K	USD	3 Qtrs
Options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	15,000.00	shares	3 Qtrs
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$306.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$741.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.32M	USD	3 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-50.00K	USD	3 Qtrs
Balance (in shares)	`CommonStockSharesOutstanding`	16.30M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Balance	`StockholdersEquity`	$34.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.11M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$306.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$741.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.32M	USD	3 Qtrs
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-50.00K	USD	3 Qtrs
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$28.00K	USD	1 Quarter
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-452.00K	USD	1 Quarter
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.32M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-580.00K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.27M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.05M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-146.00K	USD	1 Quarter

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