10-K
Annual Report
ALPHA PRO TECH, LTD.
APT
NYSEAMER
CIK: 884269
File #: 001-15725
Balance Sheet
45 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Cash and cash equivalents | 20,378,000 | 16,290,000 |
Related Party | 1,042,000 | 1,591,000 |
Nonrelated Party | 5,503,000 | 5,382,000 |
Inventories | 20,131,000 | 24,397,000 |
Prepaid expenses | 6,010,000 | 4,902,000 |
Total current assets | 53,064,000 | 52,562,000 |
Property and equipment, net | 5,587,000 | 5,742,000 |
Goodwill | 55,000 | 55,000 |
Definite-lived intangible assets, net | 0 | 1,000 |
Patents and Trademarks | 0 | 1,000 |
Right-of-use assets | 4,810,000 | 1,725,000 |
Equity investment in unconsolidated affiliate | 5,247,000 | 4,718,000 |
Total assets | 68,763,000 | 64,803,000 |
Current liabilities: | ||
Accounts payable | 802,000 | 674,000 |
Accrued liabilities | 1,103,000 | 833,000 |
Lease liabilities | 661,000 | 899,000 |
Total current liabilities | 2,566,000 | 2,406,000 |
Lease liabilities, net of current portion | 4,187,000 | 875,000 |
Deferred income tax liabilities, net | 442,000 | 764,000 |
Total liabilities | 7,195,000 | 4,045,000 |
Shareholders' equity: | ||
Common stock, $.01 par value: 50,000,000 shares authorized; 11,416,212 and 12,226,306 shares outstanding as of December 31, 2023 and December 31, 2022, respectively | 114,000 | 123,000 |
Previously Reported | — | 123,000 |
Additional paid-in capital | 16,339,000 | 17,099,000 |
Previously Reported | — | 0 |
Revision of Prior Period, Adjustment | — | 17,099,000 |
Retained earnings | 46,552,000 | 45,025,000 |
Previously Reported | — | 62,124,000 |
Revision of Prior Period, Adjustment | — | (17,099,000) |
Accumulated other comprehensive loss | (1,437,000) | (1,489,000) |
Previously Reported | — | (1,489,000) |
Total shareholders' equity | 61,568,000 | 60,758,000 |
AOCI Attributable to Parent | (1,437,000) | (1,489,000) |
Retained Earnings | 46,552,000 | 45,025,000 |
Additional Paid-in Capital | 16,339,000 | 17,099,000 |
Common Stock | 114,000 | 123,000 |
Previously Reported | — | 60,758,000 |
Previously Reported - AOCI Attributable to Parent | — | (1,489,000) |
Previously Reported - Retained Earnings | — | 62,124,000 |
Previously Reported - Additional Paid-in Capital | — | 0 |
Previously Reported - Common Stock | — | 123,000 |
Total liabilities and shareholders' equity | 68,763,000 | 64,803,000 |
Previously Reported | — | 64,803,000 |