10-K Filing

ALPHA PRO TECH LTD CIK: 884269 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001437749-17-004000`
Period End Date	20161231
Filing Date	20170308
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	apt-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 34 Cash Flow Statement 46 Stockholders Equity 26 Comprehensive Income 8

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`	$66.00K	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	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`	$607.00K	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$656.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	15.41M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $66,000 and $46,000 as of December 31, 2016 and 2015, respectively	`AccountsReceivableNetCurrent`	$4.65M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $66,000 and $46,000 as of December 31, 2016 and 2015, respectively	`AccountsReceivableNetCurrent`	$2.76M	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$174.00K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$8.00K	USD	Point-in-time
Inventories	`InventoryNet`	$10.99M	USD	Point-in-time
Inventories	`InventoryNet`	$16.40M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.35M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.09M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$484.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$438.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.66M	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`	$2.65M	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`	$34.00K	USD	Point-in-time
Equity investments in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.54M	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`	$35.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.46M	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`	$2.46M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$807.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$867.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.27M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 15,411,556 and 17,850,456 shares outstanding as of December 31, 2016 and 2015, respectively	`CommonStockValue`	$178.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 15,411,556 and 17,850,456 shares outstanding as of December 31, 2016 and 2015, respectively	`CommonStockValue`	$154.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$16.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-148.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-204.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.72M	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 shareholders' equity	`StockholdersEquity`	$32.66M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$39.13M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$35.94M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$46.18M	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$44.95M	USD	Annual
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$29.19M	USD	Annual
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$28.98M	USD	Annual
Gross profit	`GrossProfit`	$16.98M	USD	Annual
Gross profit	`GrossProfit`	$15.97M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.77M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.79M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$703.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$544.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$13.31M	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.50M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.48M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.67M	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$32.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$498.00K	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$5.00K	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$14.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$503.00K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$46.00K	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.52M	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$4.17M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$480.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.01M	USD	Annual
Net income	`NetIncomeLoss`	$3.17M	USD	Annual
Net income	`NetIncomeLoss`	$1.04M	USD	Annual
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.06	USD	Annual
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	Annual
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	Annual
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.84M	shares	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.20M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.84M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.24M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.17M	USD	Annual
Net income	`NetIncomeLoss`	$1.04M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$24.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$190.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$703.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$544.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$32.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$498.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$21.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-48.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-2.57M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.89M	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$166.00K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$-325.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-146.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-5.40M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$254.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.38M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$310.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-139.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.83M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.97M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$274.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$267.00K	USD	Annual
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$175.00K	USD	Annual
Purchase of investments	`PaymentsToAcquireMarketableSecurities`	$41.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-449.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-308.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$17.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$765.00K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.11M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.77M	USD	Annual
Excess tax benefit from stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$9.00K	USD	Annual
Excess tax benefit from stock options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.75M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.34M	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-225.00K	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.19M	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`	$9.46M	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`	$9.46M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$795.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$303.00K	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	15.41M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Balance	`StockholdersEquity`	$37.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$32.66M	USD	Point-in-time
Options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	475,000.00	shares	Annual
Options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	15,000.00	shares	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$765.00K	USD	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$17.00K	USD	Annual
Common stock repurchased and retired (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	973,100.00	shares	Annual
Common stock repurchased and retired (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	2.45M	shares	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.11M	USD	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$6.77M	USD	Annual
Excess tax benefit from stock options exercised	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$9.00K	USD	Annual
Excess tax benefit from stock options exercised	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$6.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$190.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$24.00K	USD	Annual
Net income	`NetIncomeLoss`	$3.17M	USD	Annual
Net income	`NetIncomeLoss`	$1.04M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-56.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.52M	USD	Annual
Balance (in shares)	`CommonStockSharesOutstanding`	15.41M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	17.85M	shares	Point-in-time
Balance	`StockholdersEquity`	$37.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$36.11M	USD	Point-in-time
Balance	`StockholdersEquity`	$32.66M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.17M	USD	Annual
Net income	`NetIncomeLoss`	$1.04M	USD	Annual
Change in unrealized loss on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-56.00K	USD	Annual
Change in unrealized loss on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.52M	USD	Annual
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.52M	USD	Annual
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-56.00K	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-482.00K	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$3.11M	USD	Annual

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