10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-014396`
Period End Date	20180630
Filing Date	20180803
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	apt-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 72 Cash Flow Statement 50 Stockholders Equity 16 Comprehensive Income 12

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$83.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$73.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.76M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.16M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesCurrent`	$278.00K	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`	$343.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.91M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $73,000 and $83,000 as of June 30, 2018 and December 31, 2017	`AccountsReceivableNetCurrent`	$4.60M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $73,000 and $83,000 as of June 30, 2018 and December 31, 2017	`AccountsReceivableNetCurrent`	$4.84M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	14.29M	shares	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$361.00K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$641.00K	USD	Point-in-time
Inventories	`InventoryNet`	$10.25M	USD	Point-in-time
Inventories	`InventoryNet`	$9.69M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.69M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.29M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.11M	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`	$21.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$18.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$19.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$19.00K	USD	Point-in-time
Equity investment in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.89M	USD	Point-in-time
Equity investment in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$4.18M	USD	Point-in-time
Total assets	`Assets`	$33.68M	USD	Point-in-time
Total assets	`Assets`	$34.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$457.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.73M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.80M	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; 13,909,416 and 14,290,749 shares outstanding as of June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$143.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 13,909,416 and 14,290,749 shares outstanding as of June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$139.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-458.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$26.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$31.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$31.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$33.68M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$34.12M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$23.55M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$11.28M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$12.11M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$22.03M	USD	2 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsAndServicesSold`	$7.39M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsAndServicesSold`	$13.25M	USD	2 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsAndServicesSold`	$6.79M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsAndServicesSold`	$14.38M	USD	2 Qtrs
Gross profit	`GrossProfit`	$8.78M	USD	2 Qtrs
Gross profit	`GrossProfit`	$9.17M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.49M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.47M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.35M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.82M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.35M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$125.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$144.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$279.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$290.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.61M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.64M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.10M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$3.47M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.02M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.68M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.53M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.11M	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$151.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$290.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$129.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$234.00K	USD	2 Qtrs
Unrealized loss on marketable securities	`AvailableForSaleSecuritiesGrossUnrealizedLoss`	-	USD	2 Qtrs
Unrealized loss on marketable securities	`AvailableForSaleSecuritiesGrossUnrealizedLoss`	$65.00K	USD	2 Qtrs
Unrealized loss on marketable securities	`AvailableForSaleSecuritiesGrossUnrealizedLoss`	$97.00K	USD	1 Quarter
Unrealized loss on marketable securities	`AvailableForSaleSecuritiesGrossUnrealizedLoss`	-	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$2.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$1.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$1.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$1.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$236.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$55.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$130.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$226.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.15M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.76M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.92M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.16M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$294.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$203.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$564.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$342.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.47M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$959.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$804.00K	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`	$0.07	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	2 Qtrs
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	2 Qtrs
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.08M	shares	2 Qtrs
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.15M	shares	2 Qtrs
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.09M	shares	1 Quarter
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.95M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.13M	shares	1 Quarter
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.22M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.15M	shares	2 Qtrs
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.01M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.47M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$959.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$804.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$196.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$163.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$125.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$144.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$279.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$290.00K	USD	2 Qtrs
Unrealized loss on marketable securities	`AvailableForSaleSecuritiesGrossUnrealizedLoss`	-	USD	2 Qtrs
Unrealized loss on marketable securities	`AvailableForSaleSecuritiesGrossUnrealizedLoss`	$65.00K	USD	2 Qtrs
Unrealized loss on marketable securities	`AvailableForSaleSecuritiesGrossUnrealizedLoss`	$97.00K	USD	1 Quarter
Unrealized loss on marketable securities	`AvailableForSaleSecuritiesGrossUnrealizedLoss`	-	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$151.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$290.00K	USD	2 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$129.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$234.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$241.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$299.00K	USD	2 Qtrs
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$104.00K	USD	2 Qtrs
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$280.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-226.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-558.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-841.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.02M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-549.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-610.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$132.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.68M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$734.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$240.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-240.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-734.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$120.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$61.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.62M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.62M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.56M	USD	2 Qtrs
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.60M	USD	2 Qtrs
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-620.00K	USD	2 Qtrs
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.76M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.16M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.76M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.16M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$8.84M	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	13.91M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	14.29M	shares	Point-in-time
Balance	`StockholdersEquity`	$31.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.49M	USD	Point-in-time
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.62M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$196.00K	USD	2 Qtrs
Options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	71,667.00	shares	2 Qtrs
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$120.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.47M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$959.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$804.00K	USD	1 Quarter
Balance (in shares)	`CommonStockSharesOutstanding`	13.91M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	14.29M	shares	Point-in-time
Balance	`StockholdersEquity`	$31.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.49M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.47M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$959.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$804.00K	USD	1 Quarter
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$43.00K	USD	1 Quarter
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-35.00K	USD	2 Qtrs
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$847.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$959.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.47M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.32M	USD	2 Qtrs

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