10-K Filing

ALPHA PRO TECH LTD CIK: 884269 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001437749-19-004169`
Period End Date	20181231
Filing Date	20190306
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	apt-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 38 Cash Flow Statement 50 Stockholders Equity 25 Comprehensive Income 6

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$83.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$64.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.76M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.01M	USD	Point-in-time
Investment	`AvailableForSaleSecuritiesCurrent`	$343.00K	USD	Point-in-time
Investment	`AvailableForSaleSecuritiesCurrent`	$258.00K	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
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	14.29M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $64,000 and $83,000 as of December 31, 2018 and 2017, respectively	`AccountsReceivableNetCurrent`	$4.60M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $64,000 and $83,000 as of December 31, 2018 and 2017, respectively	`AccountsReceivableNetCurrent`	$4.93M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.50M	shares	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$383.00K	USD	Point-in-time
Accounts receivable, related party	`AccountsReceivableRelatedPartiesCurrent`	$361.00K	USD	Point-in-time
Inventories	`InventoryNet`	$10.25M	USD	Point-in-time
Inventories	`InventoryNet`	$9.88M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.24M	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`	$16.00K	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetNoncurrent`	$19.00K	USD	Point-in-time
Equity investments in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$3.89M	USD	Point-in-time
Equity investments in unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$4.48M	USD	Point-in-time
Total assets	`Assets`	$34.26M	USD	Point-in-time
Total assets	`Assets`	$34.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$578.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.24M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.56M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.80M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$141.00K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.06M	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; 13,502,684 and 14,290,749 shares outstanding as of December 31, 2018 and 2017, respectively	`CommonStockValue`	$143.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 13,502,684 and 14,290,749 shares outstanding as of December 31, 2018 and 2017, respectively	`CommonStockValue`	$135.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.67M	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`	$29.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$32.66M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$31.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$32.19M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$34.12M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$34.26M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$44.02M	USD	Annual
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$46.62M	USD	Annual
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsAndServicesSold`	$28.91M	USD	Annual
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsAndServicesSold`	$26.57M	USD	Annual
Gross profit	`GrossProfit`	$17.45M	USD	Annual
Gross profit	`GrossProfit`	$17.71M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.31M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.96M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$525.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$571.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$13.84M	USD	Annual
Total operating expenses	`OperatingExpenses`	$14.53M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$2.93M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$3.87M	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$587.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$355.00K	USD	Annual
Gain on sale of property	`GainLossOnDispositionOfAssets`	-	USD	Annual
Gain on sale of property	`GainLossOnDispositionOfAssets`	$385.00K	USD	Annual
Losses from marketable securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-50.00K	USD	Annual
Losses from marketable securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$3.00K	USD	Annual
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$4.00K	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$744.00K	USD	Annual
Total other income, net	`NonoperatingIncomeExpense`	$540.00K	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$4.41M	USD	Annual
Income before provision for income taxes	`IncomeLossAttributableToParent`	$3.67M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$789.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	Annual
Net income	`NetIncomeLoss`	$3.62M	USD	Annual
Net income	`NetIncomeLoss`	$2.63M	USD	Annual
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	Annual
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	Annual
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	Annual
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.83M	shares	Annual
Basic weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.91M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.99M	shares	Annual
Diluted weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.96M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.62M	USD	Annual
Net income	`NetIncomeLoss`	$2.63M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$296.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$432.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$525.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$571.00K	USD	Annual
Losses from marketable securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-50.00K	USD	Annual
Losses from marketable securities	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	-	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$587.00K	USD	Annual
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$355.00K	USD	Annual
Gain on sale of property	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Gain on sale of property	`GainLossOnDispositionOfAssets1`	$385.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-378.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$159.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-51.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$338.00K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$187.00K	USD	Annual
Accounts receivable, related party	`IncreaseDecreaseInDueFromRelatedParties`	$22.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-745.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-371.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.33M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-681.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$336.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-881.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.01M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$606.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.22M	USD	Annual
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	Annual
Proceeds from sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$36.00K	USD	Annual
Proceeds from sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$537.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-685.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-570.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$210.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$394.00K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.23M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.58M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.02M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.19M	USD	Annual
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.76M	USD	Annual
Decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-693.00K	USD	Annual
Cash, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.76M	USD	Point-in-time
Cash, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time
Cash, beginning of the year	`CashAndCashEquivalentsAtCarryingValue`	$7.01M	USD	Point-in-time
Cash, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$8.76M	USD	Point-in-time
Cash, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time
Cash, end of the year	`CashAndCashEquivalentsAtCarryingValue`	$7.01M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.08M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$908.00K	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	14.29M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	13.50M	shares	Point-in-time
Balance	`StockholdersEquity`	$32.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$32.19M	USD	Point-in-time
Common stock repurchased and retired (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	999,900.00	shares	Annual
Common stock repurchased and retired (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.23M	shares	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$4.23M	USD	Annual
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.58M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$432.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$296.00K	USD	Annual
Options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	111,669.00	shares	Annual
Options exercised (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	211,835.00	shares	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$210.00K	USD	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$394.00K	USD	Annual
Net income	`NetIncomeLoss`	$3.62M	USD	Annual
Net income	`NetIncomeLoss`	$2.63M	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-254.00K	USD	Annual
Cumulative-effect adjustment of change in accounting for stock-based compensation	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	-	USD	Point-in-time
Cumulative-effect adjustment of change in accounting for unrealized loss on marketable securities	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	-	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	14.29M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	13.50M	shares	Point-in-time
Balance	`StockholdersEquity`	$32.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$32.19M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.62M	USD	Annual
Net income	`NetIncomeLoss`	$2.63M	USD	Annual
Change in unrealized loss on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Change in unrealized loss on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-254.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.62M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.38M	USD	Annual

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