0001437749-19-008927.txt : 20190507 0001437749-19-008927.hdr.sgml : 20190507 20190507110628 ACCESSION NUMBER: 0001437749-19-008927 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 60 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190507 DATE AS OF CHANGE: 20190507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALPHA PRO TECH LTD CENTRAL INDEX KEY: 0000884269 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 631030494 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-15725 FILM NUMBER: 19801865 BUSINESS ADDRESS: STREET 1: 60 CENTURIAN DR STREET 2: SUITE 112 CITY: MARKHAM ONTARIO CANA STATE: A6 ZIP: L3R9R2 BUSINESS PHONE: 9054790654 MAIL ADDRESS: STREET 1: 60 CENTURION DR STREET 2: STE 112 CITY: MARKHAM ON STATE: A6 ZIP: L3R9R2 FORMER COMPANY: FORMER CONFORMED NAME: BFD INDUSTRIES INC DATE OF NAME CHANGE: 19930328 10-Q 1 apt20190331b_10q.htm FORM 10-Q apt20190331b_10q.htm
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 10-Q

 

 

 

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2019

 

OR

 

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from       to           .

 

 Commission File No. 01-15725

 

Alpha Pro Tech, Ltd.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware, U.S.A.

 

63-1009183

 

(State or Other Jurisdiction of Incorporation or Organization)

 

(I.R.S. Employer Identification No.)

 
       
60 Centurian Drive, Suite 112      
Markham, Ontario, Canada   L3R 9R2  
(Address of Principal Executive Offices)     (Zip Code)  
       

 

Registrant’s telephone number, including area code: (905) 479-0654

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

APT

NYSE American

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐    

Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☒
       

Emerging growth company ☐

     

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐   No ☒

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

Class      Outstanding May 1, 2019  
Common Stock, $0.01 par value    13,281,016 shares  

 

 

 

 

 

Alpha Pro Tech, Ltd.

 

Index

 

  page 
PART I.  FINANCIAL INFORMATION  
   
ITEM 1.  Financial Statements

 

   
 

Condensed Consolidated Balance Sheets (Unaudited)

 1

     
 

Condensed Consolidated Statements of Income (Unaudited)

2

     
 

Condensed Consolidated Statement of Shareholders’ Equity (Unaudited)

3

     
 

Condensed Consolidated Statements of Cash Flows (Unaudited)

4

     
 

Notes to Condensed Consolidated Financial Statements (Unaudited)

5

     
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 13
   
ITEM 3. Quantitative and Qualitative Disclosures about Market Risk

19

   
ITEM 4. Controls and Procedures

20

   
PART II. OTHER INFORMATION  
   
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds

21

   
ITEM 6. Exhibits 22
   
SIGNATURES

23

   
EXHIBITS  

 

 

 

 

 

Alpha Pro Tech, Ltd.

 

 

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheets (Unaudited)


 

   

March 31,

   

December 31,

 
   

2019

      2018 (1)  

Assets

               

Current assets:

               

Cash

  $ 4,488,000     $ 7,007,000  

Investments

    417,000       258,000  

Accounts receivable, net of allowance for doubtful accounts of $64,000 and $64,000 as of March 31, 2019 and December 31, 2018

    7,202,000       4,935,000  

Accounts receivable, related party

    837,000       383,000  

Inventories

    10,407,000       9,878,000  

Right-of-use assets

    668,000       -  

Prepaid expenses

    2,697,000       3,999,000  

Total current assets

    26,716,000       26,460,000  
                 

Property and equipment, net

    3,271,000       3,244,000  

Goodwill

    55,000       55,000  

Definite-lived intangible assets, net

    15,000       16,000  

Right-of-use assets, net of current portion

    2,583,000       -  

Equity investment in unconsolidated affiliate

    4,757,000       4,480,000  

Total assets

  $ 37,397,000     $ 34,255,000  
                 

Liabilities and Shareholders' Equity

               

Current liabilities:

               

Accounts payable

  $ 743,000     $ 578,000  

Accrued liabilities

    632,000       1,342,000  

Lease liabilities

    663,000       -  

Total current liabilities

    2,038,000       1,920,000  
                 

Lease liabilities, net of current portion

    2,632,000       -  

Deferred income tax liabilities, net

    141,000       141,000  

Total liabilities

    4,811,000       2,061,000  

Commitments

               

Shareholders' equity:

               

Common stock, $.01 par value: 50,000,000 shares authorized; 13,281,018 and 13,502,684 shares outstanding as of March 31, 2019 and December 31, 2018, respectively

    133,000       135,000  

Additional paid-in capital

    1,845,000       2,669,000  

Retained earnings

    30,608,000       29,390,000  

Total shareholders' equity

    32,586,000       32,194,000  

Total liabilities and shareholders' equity

  $ 37,397,000     $ 34,255,000  

 

 

(1)

The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.

   
 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited).

 

1

 

 

Alpha Pro Tech, Ltd.

 

 

Condensed Consolidated Statements of Income (Unaudited)


 

   

For the Three Months Ended

 
   

March 31,

 
   

2019

   

2018

 
                 

Net sales

  $ 12,304,000     $ 11,442,000  
                 

Cost of goods sold, excluding depreciation and amortization

    7,500,000       6,987,000  
                 

Gross profit

    4,804,000       4,455,000  
                 

Operating expenses:

               

Selling, general and administrative

    3,675,000       3,881,000  
                 

Depreciation and amortization

    127,000       146,000  

Total operating expenses

    3,802,000       4,027,000  
                 

Income from operations

    1,002,000       428,000  
                 

Other income:

               

Equity in income of unconsolidated affiliate

    277,000       139,000  

Gain on marketable securities

    170,000       32,000  

Interest income, net

    12,000       1,000  
                 

Total other income

    459,000       172,000  
                 

Income before provision for income taxes

    1,461,000       600,000  
                 

Provision for income taxes

    243,000       92,000  
                 

Net income

  $ 1,218,000     $ 508,000  
                 
                 

Basic earnings per common share

  $ 0.09     $ 0.04  
                 

Diluted earnings per common share

  $ 0.09     $ 0.04  
                 

Basic weighted average common shares outstanding

    13,391,992       14,217,919  
                 

Diluted weighted average common shares outstanding

    13,469,497       14,383,005  

 

 
 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited).

 

2

 

 

Alpha Pro Tech, Ltd.

 

Condensed Consolidated Statement of Shareholders’ Equity (Unaudited)


 

 

For the Three Months Ended March 31, 2019

                                 
                                           
                     

Additional

                 
     

Common Stock

   

Paid-in

   

Retained

         
     

Shares

   

Amount

   

Capital

   

Earnings

   

Total

 

Balance as of December 31, 2018

    13,502,684     $ 135,000     $ 2,669,000     $ 29,390,000     $ 32,194,000  

Common stock repurchased and retired

    (255,000 )     (2,000 )     (1,006,000 )     -       (1,008,000 )

Stock-based compensation expense

    -       -       122,000       -       122,000  

Options exercised

    33,334       -       60,000       -       60,000  

Net income

    -       -       -       1,218,000       1,218,000  
                                         

Balance as of March 31, 2019

    13,281,018     $ 133,000     $ 1,845,000     $ 30,608,000     $ 32,586,000  

 

 
 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited).

 

3

 

 

Alpha Pro Tech, Ltd.

 

 

Condensed Consolidated Statements of Cash Flows (Unaudited)


 

   

For the Three Months Ended

March 31,

 
   

2019

   

2018

 

Cash Flows From Operating Activities:

               

Net income

  $ 1,218,000     $ 508,000  

Adjustments to reconcile net income to net cash used in operating activities:

               

Stock-based compensation

    122,000       78,000  

Depreciation and amortization

    127,000       146,000  

Gain on marketable securities

    (170,000 )     (32,000 )

Equity in income of unconsolidated affiliate

    (277,000 )     (139,000 )

Operating lease expense, net of accretion

    164,000       -  

Changes in assets and liabilities:

               

Accounts receivable, net

    (2,267,000 )     (1,866,000 )

Accounts receivable, related party

    (454,000 )     (20,000 )

Inventories

    (529,000 )     (386,000 )

Prepaid expenses

    1,302,000       (790,000 )

Accounts payable and accrued liabilities

    (505,000 )     5,000  

Lease liabilities

    (160,000 )     -  
                 

Net cash used in operating activities

    (1,429,000 )     (2,496,000 )
                 

Cash Flows From Investing Activities:

               

Purchase of property and equipment

    (152,000 )     (102,000 )

Proceeds from sales of marketable securities

    10,000       -  
                 

Net cash used in investing activities

    (142,000 )     (102,000 )
                 

Cash Flows From Financing Activities:

               

Proceeds from exercise of stock options

    60,000       77,000  

Repurchase of common stock

    (1,008,000 )     (576,000 )
                 

Net cash used in financing activities

    (948,000 )     (499,000 )
                 

Decrease in cash

    (2,519,000 )     (3,097,000 )
                 

Cash, beginning of the period

    7,007,000       8,763,000  
                 

Cash, end of the period

  $ 4,488,000     $ 5,666,000  

 

 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

 

4

 
 

 

Alpha Pro Tech, Ltd.

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

 


 

 

1.

The Company

 

Alpha Pro Tech, Ltd. (“Alpha Pro Tech” or the “Company”) is in the business of protecting people, products and environments. The Company accomplishes this by developing, manufacturing and marketing a line of building supply products for the new home and re-roofing markets and a line of disposable protective apparel for the cleanroom, industrial pharmaceutical medical and dental markets.

 

The Building Supply segment consists of construction weatherization products, such as housewrap and synthetic roof underlayment, as well as other woven material.

 

The Disposable Protective Apparel segment consists of a complete line of disposable protective clothing (shoecovers, bouffant caps, coveralls, gowns, frocks and lab coats), face masks and face shields. Previously, face masks and face shields were included in a separate business segment called Infection Control. All our disposable protective apparel, including masks and shields, are sold through similar distribution channels, are single-use and disposable, have the purpose of protecting people, products and environments, and have to be produced in FDA approved facilities, regardless of the market served. For these reasons, the Infection Control segment was combined with the Disposable Protective Apparel segment during the quarter ended March 31, 2019. The disclosures herein reflect this current segmentation.

 

The Company’s products are sold under the "Alpha Pro Tech" brand name and under private label, and are predominantly sold in the United States of America (“US”).

 

 

 

2.

Basis of Presentation and Revenue Recognition Policy

 

The interim financial information included herein is unaudited; however, the information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for the fair presentation of the consolidated financial position, results of operations and cash flows for the interim periods. These interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, omit certain information and note disclosures necessary to present the statements in accordance with US generally accepted accounting principles (“US GAAP”). The interim condensed consolidated financial statements should be read in conjunction with the Company’s current year SEC filings on Form 8-K as well as the consolidated financial statements for the year ended December 31, 2018, which are included in the Company’s Annual Report on Form 10-K (the “2018 Form 10-K”), which was filed on March 6, 2019. The results of operations for the three months ended March 31, 2019 reported in this Form 10-Q are not necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet as of December 31, 2018 was prepared using information from the audited consolidated balance sheet contained in the 2018 Form 10-K and does not include all disclosures required by US GAAP for annual consolidated financial statements.

 

As of January 1, 2018, the Company adopted the new accounting standard, Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. This standard was retrospectively adopted for the 2017 year, and there was no cumulative effect adjustment upon adoption. Net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. Revenue is measured as the amount of consideration that we expect to receive in exchange for transferring products. All revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue by transferring the promised products to the customer, with revenue being recognized at the point in time when the customer obtains control of the products, at which time a receivable is created for the invoice sent to the customer. We recognize revenue for shipping and handling charges at the time the products are delivered to or picked up by the customer. We estimate product returns based on historical return rates and rebates based upon contractual agreements. Using probability assessments, we estimate sales incentives expected to be paid over the term of the contract. Our contracts have a single performance obligation. Sales taxes and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. The Company manufactures certain private label goods for customers and has determined that control does not pass to the customer at the time of manufacture, based upon the nature of the private labelling. The Company had no material contract assets, and the Company concluded that its contract liabilities (mostly rebates) had the right of offset against customer receivables. See Notes 10 and 11 for revenue disaggregated by type and by geographic region.

 

5

 

 

Alpha Pro Tech, Ltd.

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

 


 

 

3.

Stock-Based Compensation

 

The Company maintains a stock option plan under which the Company may grant incentive stock options and non-qualified stock options to employees and non-employee directors. Stock options have been granted with exercise prices at or above the fair market value of the underlying shares of common stock on the date of grant. Options vest and expire according to terms established at the grant date.

 

The Company records compensation expense for the fair value of stock-based awards determined as of the grant date, including employee stock options, over the determined requisite service period, which is generally ratably over the vesting term.

 

For the three months ended March 31, 2019 and 2018, 310,000 and 289,750 respectively, of stock options were granted under the Company’s option plan. The Company recognized $122,000 and $78,000 in stock-based compensation expense for the three months ended March 31, 2019 and 2018, respectively.

 

The Company uses the Black-Scholes option-pricing model to value the options. The Company uses historical data to estimate the expected life of the options. The risk-free interest rate for periods within the contractual life of an award is based on the US Treasury yield curve in effect at the time of grant. The estimated volatility is based on historical volatility and management’s expectations of future volatility. The Company uses an estimated dividend payout of zero, as the Company has not paid dividends in the past and, at this time, does not expect to do so in the future. The Company accounts for option forfeitures as they occur.

 

The following table summarizes stock option activity for the three months ended March 31, 2019:

 

           

Weighted

 
           

Average

 
           

Exercise Price

 
   

Options

   

Per Option

 
                 

Options outstanding, December 31, 2018

    1,022,913     $ 2.69  

Granted to employees and non-employee directors

    310,000       3.62  

Exercised

    (33,334 )     1.80  

Canceled/expired/forfeited

    -       0.00  

Options outstanding, March 31, 2019

    1,299,579       2.93  

Options exercisable, March 31, 2019

    461,751       2.50  

 

As of March 31, 2019, $863,000 of total unrecognized compensation cost related to stock options was expected to be recognized over a weighted average period of 2.30.

 

 

 

4.

Investments

 

As of March 31, 2019 and December 31, 2018, investments totaled $417,000 and $258,000, respectively, which consisted of equity securities. Certain marketable securities were sold during the three months ended March 31, 2019 and none were sold during the three months ended March 31, 2018. The total gain on marketable securities during the three months ended March 31, 2019 and March 31, 2018 was $170,000 and $32,000 respectively. The gain for the three months ended March 31, 2019 was due to an unrealized gain of $167,000 and a realized gain of $3,000. The gain for the three months ended March 31, 2018 was due to an unrealized gain of $32,000.

 

6

 

 

Alpha Pro Tech, Ltd.

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

 


 

 

5.

Recent Accounting Pronouncements

 

In February 2016, the FASB issued ASU 2016-02, Leases, which introduces the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous guidance. The update is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those reporting periods, with early adoption permitted. The original guidance required application on a modified retrospective basis with the earliest period presented. In August 2018, the FASB issued ASU 2018-11, Targeted Improvements to ASC 842, which includes an option to not restate comparative periods in transition and elect to use the effective date of ASC 842, Leases, as the date of initial application of transition. Based on the effective date, the Company adopted this ASU beginning on January 1, 2019 and elected the transition option provided under ASU 2018-11. This standard had a material effect on our consolidated balance sheet with the recognition of new right of use assets and lease liabilities for all operating leases, as these leases typically have a non-cancelable lease term of greater than one year. Upon adoption, both assets and liabilities on our consolidated balance sheets increased by approximately $3,455,000. The Company elected a package of transition practical expedients which include not reassessing whether any expired or existing contracts are or contain leases, not reassessing the lease classification of expired or existing leases, and not reassessing initial direct costs for existing leases. The Company also elected a practical expedient to not separate lease and non-lease components. The Company did not elect the practical expedient to use hindsight in determining the lease terms or assessing impairment of the Right-of-Use (‘ROU”) assets. See Note 13. Leases for more information.

 

In June 2016, the FASB issued ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. ASU 2016-13 is effective for public entities for the annual periods, including interim periods within those annual periods, beginning after December 15, 2019. This guidance is applicable to the Company’s fiscal year beginning January 1, 2020. Management is currently evaluating the requirements of this guidance and has not yet determined the impact on the adoption of the Company’s financial position or results from operations.

 

In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting. This ASU is intended to simplify aspects of share-based compensation issued to non-employees by making the guidance consistent with accounting for employee share-based compensation. ASU 2018-07 is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods, with early adoption permitted but no earlier than an entity’s adoption date of ASC Topic 606. The new guidance is required to be applied retrospectively with the cumulative effect recognized at the date of initial application. The Company adopted the provisions of this ASU in the first quarter of 2019. Adoption of the new standard did not have a material impact on our consolidated financial statements.

 

Management periodically reviews new accounting standards that are issued. Management has not identified any other new standards that it believes merit further discussion at this time.

 

7

 

 

Alpha Pro Tech, Ltd.

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

 


 

 

6.

Inventories

 

As of March 31, 2019 and December 31, 2018, inventories consisted of the following:

 

 

   

March 31,

   

December 31,

 
   

2019

   

2018

 
                 

Raw materials

  $ 4,784,000     $ 4,732,000  

Work in process

    1,144,000       825,000  

Finished goods

    4,479,000       4,321,000  
    $ 10,407,000     $ 9,878,000  

 

 

 

7.

Equity Investment in Unconsolidated Affiliate

 

In 2005, Alpha ProTech Engineered Products, Inc. (a subsidiary of Alpha Pro Tech, Ltd.) entered into a joint venture with a manufacturer in India, Maple Industries, for the production of building products. Under the terms of the joint venture agreement, a private company, Harmony Plastics Private Limited (“Harmony”), was created with ownership interests of 41.66% owned by Alpha ProTech Engineered Products, Inc. and 58.34% owned by Maple Industries and Associates.

 

This joint venture positions Alpha ProTech Engineered Products, Inc. to respond to current and expected increased product demand for housewrap and synthetic roof underlayment and provides future capacity for sales of specialty roofing component products and custom products for industrial applications requiring high quality extrusion coated fabrics. In addition, the joint venture now supplies products for the Disposable Protective Apparel segment.

 

The capital from the initial funding and a bank loan, which loan is guaranteed exclusively by the individual shareholders of Maple Industries and associates and collateralized by the assets of Harmony, were utilized to purchase the original manufacturing facility in India. Harmony currently has four facilities in India (three owned and one rented), consisting of: (1) a 113,000 square foot building for manufacturing building products; (2) a 73,000 square foot building for manufacturing coated material and sewing proprietary disposable protective apparel; (3) a 16,000 square foot facility for sewing proprietary disposable protective apparel; and (4) a 93,000 square foot rental for manufacturing Building Supply segment products. All additions have been financed by Harmony with no guarantees from the Company.

 

In accordance with Accounting Standards Codification (“ASC”) 810, Consolidation, the Company assesses whether or not related entities are variable interest entities (“VIEs”). For those related entities that qualify as VIEs, ASC 810 requires the Company to determine whether or not the Company is the primary beneficiary of the VIE, and, if so, to consolidate the VIE. The Company has determined that Harmony is not a VIE and is, therefore, considered to be an unconsolidated affiliate.

 

The Company records its investment in Harmony as “equity investment in unconsolidated affiliate” in the accompanying condensed consolidated balance sheets. The Company records its equity interest in Harmony’s results of operations as “equity in income of unconsolidated affiliate” in the accompanying condensed consolidated statements of income. The Company periodically reviews its investment in Harmony for impairment. Management has determined that no impairment was required as of March 31, 2019 and December 31, 2018.

 

For the three months ended March 31, 2019 and 2018, Alpha Pro Tech purchased $5,274,000 and $3,974,000 of inventories, respectively, from Harmony.

 

8

 

 

Alpha Pro Tech, Ltd.

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

 


 

For the three months ended March 31, 2019 and 2018, the Company recorded equity in income of unconsolidated affiliate of $277,000 and $139,000, respectively, related to Harmony.

 

As of March 31, 2019, the Company’s investment in Harmony was $4,757,000, which consisted of its original $1,450,000 investment and cumulative equity in income of unconsolidated affiliate of $4,326,000, less $942,000 in repayments of the advance and $77,000 in dividends.

 

 

 

8.

Accrued Liabilities

 

As of March 31, 2019 and December 31, 2018, accrued liabilities consisted of the following:

 

   

March 31,

   

December 31,

 
   

2019

   

2018

 
                 

Payroll expenses and taxes payable

  $ 127,000     $ 269,000  

Commissions and bonuses payable and general accrued liabilities

    505,000       1,073,000  
    $ 632,000     $ 1,342,000  

 

 

 

9.

Basic and Diluted Earnings Per Common Share

 

The following table provides a reconciliation of both net income and the number of shares used in the computation of “basic” earnings per common share (“EPS”), which utilizes the weighted average number of common shares outstanding without regard to dilutive shares, and “diluted” EPS, which includes all such dilutive shares, for the three months ended March 31, 2019 and 2018.

 

   

For the Three Months Ended

 
   

March 31,

 
   

2019

   

2018

 

Net income (numerator)

  $ 1,218,000     $ 508,000  
                 

Shares (denominator):

               

Basic weighted average common shares outstanding

    13,391,992       14,217,919  

Add: dilutive effect of common stock options

    77,505       165,086  
                 

Diluted weighted average common shares outstanding

    13,469,497       14,383,005  
                 

Earnings per common share:

               

Basic

  $ 0.09     $ 0.04  

Diluted

  $ 0.09     $ 0.04  

 

 

 

10.

Activity of Business Segments

 

The Company operates through two business segments:

 

(1) Building Supply: consisting of a line of construction supply weatherization products. The construction supply weatherization products consist of housewrap and synthetic roof underlayment, as well as other woven material. The majority of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Building Supply segment.

 

9

 

 

Alpha Pro Tech, Ltd.

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

 


 

(2) Disposable Protective Apparel: consisting of a complete line of disposable protective clothing, including shoecovers (including the Aqua Trak® and spunbond shoecovers), bouffant caps, coveralls, frocks, lab coats, gowns, hoods, as well as face masks and face shields for the pharmaceutical, cleanroom, industrial, medical and dental markets. A portion of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Disposable Protective Apparel segment.

 

Previously, face masks and face shields were included in a separate business segment called Infection Control. All our disposable protective apparel, including face masks and face shields, are sold through similar distribution channels, are single-use, and disposable, have the purpose of protecting people, products and environments, and have to be produced in Food and Drug Administration (“FDA”) approved facilities, regardless of the market served. Based on these similarities, we determined it would be best to consolidate the Infection Control segment into the Disposable Protective Apparel segment.   

 

Segment data excludes charges allocated to the principal executive office and other unallocated corporate overhead expenses and income tax. The Company evaluates the performance of its segments and allocates resources to them based primarily on net sales.

 

The following table presents consolidated net sales for each segment for the three months ended March 31, 2019 and 2018:

 

   

For the Three Months Ended

 
   

March 31,

 
   

2019

   

2018

 

Building Supply

  $ 6,498,000     $ 6,669,000  

Disposable Protective Apparel

    5,806,000       4,773,000  

Consolidated net sales

  $ 12,304,000     $ 11,442,000  

 

 

The following table presents the reconciliation of consolidated segment income to consolidated net income for the three months ended March 31, 2019 and 2018:

 

   

For the Three Months Ended

 
   

March 31,

 
   

2019

   

2018

 

Building Supply

  $ 908,000     $ 994,000  

Disposable Protective Apparel

    1,423,000       1,023,000  

Total segment income

    2,331,000       2,017,000  
                 

Unallocated corporate overhead expenses

    870,000       1,417,000  

Provision for income taxes

    243,000       92,000  

Consolidated net income

  $ 1,218,000     $ 508,000  

 

 

10

 

 

Alpha Pro Tech, Ltd.

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

 


 

The following table presents the consolidated net property and equipment, goodwill and net definite-lived intangible assets (“consolidated assets”) by segment as of March 31, 2019 and December 31, 2018:

 

   

March 31,

   

December 31,

 
   

2019

   

2018

 
                 

Building Supply

  $ 1,929,000     $ 1,908,000  

Disposable Protective Apparel

    390,000       400,000  

Total segment assets

    2,319,000       2,308,000  
                 

Unallocated corporate assets

    1,022,000       1,007,000  

Total consolidated assets

  $ 3,341,000     $ 3,315,000  

 

 

 

11.

Financial Information about Geographic Areas

 

The following table summarizes the Company’s net sales by geographic region for the three months ended March 31, 2019 and 2018.

 

   

For the Three Months Ended

 
   

March 31,

 
   

2019

   

2018

 

Net sales by geographic region

               

United States

  $ 12,040,000     $ 11,198,000  

International

    264,000       244,000  
                 

Consolidated net sales

  $ 12,304,000     $ 11,442,000  

 

 

Net sales by geographic region are based on the countries in which our customers are located. For the three months ended March 31, 2019 and 2018, the Company did not generate sales from any single country, other than the United States, that were significant to the Company’s consolidated net sales.

 

The following table summarizes the locations of the Company’s long-lived assets by geographic region as of March 31, 2019 and December 31, 2018.

 

   

March 31,

   

December 31,

 
   

2019

   

2018

 

Long-lived assets by geographic region

               

United States

  $ 2,538,000     $ 2,528,000  

International

    733,000       716,000  
                 

Consolidated total long-lived assets

  $ 3,271,000     $ 3,244,000  

 

 

 

12.

Related Party Transactions

 

The Company has no related party transactions other than the Company’s transactions with its non-consolidated affiliated Harmony Plastics Private Limited. See “Note 7-Equity Investment in Unconsolidated Affiliate”.

 

11

 

 

Alpha Pro Tech, Ltd.

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

 


 

 

13.

Leases

 

We have operating leases for our corporate office and manufacturing facilities, which expire at various dates through 2024. Our primary operating lease commitments at March 31, 2019 are related to our manufacturing facilities in Valdosta, Georgia; Nogales, Arizona and Salt Lake City, Utah; as well as corporate headquarters in Markham, Canada.

 

As of March 31, 2019, we had operating lease ROU assets of $3,251,000 and operating lease liabilities of $3,295,000. As of March 31, 2019, we did not have any finance leases recorded on our condensed consolidated balance sheet. Operating lease expense was approximately $201,000 during the three months ended March 31, 2019.

 

The aggregate future minimum lease payments and reconciliation to lease liabilities as of March 31, 2019, are as follows:

 

   

March 31,

 
   

2019

 

Remaining nine months of 2019

  $ 594,000  

2020

    797,000  

2021

    776,000  

2022

    670,000  

2023

    676,000  

Thereafter

    135,000  

Total future minimum lease payments

    3,648,000  

Less imputed interest

    (353,000 )

Total Lease liabilities

  $ 3,295,000  

 

As of March 31, 2019, our weighted average remaining lease term was 4.7 years. During the three months ended March 31, 2019, our weighted average discount rate was 4.32%.

 

 

 

14.

Subsequent Events

 

The Company has reviewed and evaluated whether subsequent events have occurred from the condensed consolidated balance sheet date of March 31, 2019 through the filing date of this Quarterly Report on Form 10-Q that would require accounting or disclosure and has concluded that there are no such subsequent events.

 

12

 
 

 

 

Alpha Pro Tech, Ltd.

 

 


 

ITEM 2.      MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

You should read the following discussion and analysis together with our unaudited condensed consolidated financial statements and the notes to our unaudited condensed consolidated financial statements, which appear elsewhere in this report.

 

Special Note Regarding Forward-Looking Statements

 

Certain information set forth in this Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of federal securities laws. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions and other information that is not historical information. When used in this report, the words “estimates,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes” and variations of such words or similar expressions are intended to identify forward-looking statements. We may make additional forward-looking statements from time to time. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise. All forward-looking statements, whether written or oral and whether made by us or on our behalf, are expressly qualified by this special note.

 

Any expectations based on these forward-looking statements are subject to risks and uncertainties. These and many other factors could affect the Company’s future operating results and financial condition and could cause actual results to differ materially from expectations based on forward-looking statements made in this document or elsewhere by the Company or on its behalf.

 

Special Note Regarding Smaller Reporting Company Status

 

We are filing this report as a “smaller reporting company” (as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended). As a result of being a smaller reporting company, we are allowed and have elected to omit certain information from this Management’s Discussion and Analysis of Financial Condition and Results of Operations; however, we have provided all information for the periods presented that we believe to be appropriate.

 

Where to find more information about us. We make available, free of charge, on our website (http://www.alphaprotech.com) our most recent Annual Report on Form 10-K, our most recent Quarterly Report on Form 10-Q, any Current Reports on Form 8-K furnished or filed since our most recent Annual Report on Form 10-K, and any amendments to such reports, as soon as reasonably practicable following the electronic filing of such reports with the Securities and Exchange Commission (“SEC”). In addition, in accordance with SEC rules, we provide electronic or paper copies of our filings free of charge upon request.

 

Critical Accounting Policies

 

The preparation of our financial statements in conformity with US generally accepted accounting principles (“US GAAP”) requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of net sales and expenses during the reported periods. We base estimates on past experience and on various other assumptions that are believed to be reasonable under the circumstances. The application of these accounting policies on a consistent basis enables us to provide timely and reliable financial information. Our critical accounting policies include the following:

 

Marketable Securities: The Company periodically invests a portion of its cash in excess of short-term operating needs in marketable equity securities. These investments are classified as available-for-sale in accordance with US GAAP. The Company does not have any investments classified as held-to-maturity or trading securities. Available-for-sale investments are carried at their fair value using quoted prices in active markets for identical securities, and, effective January 1, 2018, unrealized gains and losses are reported as a component of net income in the statements of income. Prior to January 1, 2018, unrealized gains and losses were reported as other comprehensive income as a component of equity. The cost of securities sold is based on the specific identification method. Investments that the Company intends to hold for more than one year are classified as long-term investments in the accompanying condensed consolidated balance sheets.

 

13

 

 

Alpha Pro Tech, Ltd.

 

 


 

Inventories: Inventories include freight-in, materials, labor and overhead costs and are stated at the lower of cost or net realizable value. Allowances are recorded for slow-moving, obsolete or unusable inventory. We assess our inventory for estimated obsolescence or unmarketable inventory and write down the difference between the cost of inventory and the estimated net realizable value based upon assumptions about future sales and quantities on hand, if necessary. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required.

 

Accounts Receivable: Accounts receivable are recorded at the invoice amount and do not bear interest, the general terms for receivables is net 30 days.  The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable; however, changes in circumstances relating to accounts receivable may result in a requirement for additional allowances in the future.  The Company determines the allowance based upon historical write-off experience and known conditions about customers’ current ability to pay.  Account balances are charged against the allowance when the potential for recovery is considered remote.

 

Leases: We determine if an arrangement is a lease at inception. Operating leases are included as right-of-use (ROU) assets and lease liabilities on our condensed consolidated balance sheet. ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. Our leases do not provide an implicit rate, and therefore we estimate our incremental borrowing rate based on the information available at the commencement date in determining the present value of future minimum lease payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise such options. We do not record leases on our condensed consolidated balance sheet with a term of one year or less. We have elected a package of transition practical expedients which include not reassessing whether any expired or existing contracts are or contain leases, not reassessing the lease classification of expired or existing leases, and not reassessing initial direct costs for existing leases. We have also elected a practical expedient to not separate lease and non-lease components. We did not elect the practical expedient to use hindsight in determining our lease terms or assessing impairment of our ROU assets. See Note 13. Leases for more information.

 

Revenue Recognition: Net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. Revenue is measured as the amount of consideration that we expect to receive in exchange for transferring products. All revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue by transferring the promised products to the customer, with revenue being recognized at the point in time the customer obtains control of the products, at which time a receivable is created for the invoice sent to the customer. We recognize revenue for shipping and handling charges at the time the products are delivered to or picked up by the customer. We estimate product returns based on historical return rates and rebates based upon contractual agreements. Using probability assessments, we estimate sales incentives expected to be paid over the term of the contract. Our contracts have a single performance obligation. Sales taxes and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. The Company manufactures certain private label goods for customers and has determined that control does not pass to the customer at the time of manufacture, based upon the nature of the private labelling. The Company had no material contract assets, and the Company concluded that its contract liabilities (rebates) had the right of offset against customer receivables.

 

See Notes 10 and 11 of the Notes to Condensed Consolidated Financial Statements (Unaudited), which appear elsewhere in this report, for revenue disaggregated by type and by geographic region.

 

Sales Returns, Rebates and Allowances: Sales are reduced for any anticipated sales returns, rebates and allowances based on historical experience. Since our return policy is only 90 days and our products are not generally susceptible to external factors such as technological obsolescence or significant changes in demand, we are able to make a reasonable estimate for returns. We offer end-user, product-specific and sales volume rebates to select distributors. Our rebates are based on actual sales and are accrued monthly.

 

Stock-Based Compensation: The Company accounts for stock-based awards using Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 718, Stock Compensation. ASC 718 requires companies to record compensation expense for the value of all outstanding and unvested share-based payments, including employee stock options and similar awards.

 

14

 

 

Alpha Pro Tech, Ltd.

 

 


 

The fair values of stock option grants are determined using the Black-Scholes option-pricing model and are based on the following assumptions: expected stock price volatility based on historical data and management’s expectations of future volatility, risk-free interest rates from published sources, expected term based on historical data and no dividend yield, as the Board of Directors currently has no plans to pay dividends in the foreseeable future. The Company accounts for option forfeitures as they occur. The Black-Scholes option-pricing model was developed for use in estimating the fair value of traded options that have no vesting restrictions and that are fully transferable. In addition, the option-pricing model requires the input of highly subjective assumptions, including expected stock price volatility. Our stock options have characteristics significantly different from those of traded options, and changes in the subjective input assumptions can materially affect the fair value of such options.

 

OVERVIEW

 

Alpha Pro Tech is in the business of protecting people, products and environments. We accomplish this by developing, manufacturing and marketing a line of high-value, disposable protective apparel products for the cleanroom, industrial, pharmaceutical, medical and dental markets. We also manufacture a line of building supply construction weatherization products. Our products are sold under the "Alpha Pro Tech" brand name, as well as under private label.

 

Our products are grouped into two business segments: the Building Supply segment, consisting of construction weatherization products such as housewrap and synthetic roof underlayment as well as other woven material; and the Disposable Protective Apparel segment, consisting of disposable protective clothing (including shoecovers, bouffant caps, gowns, coveralls, lab coats, and frocks), face masks and face shields. All financial information presented in this report reflects the current segmentation.

 

Previously, face masks and face shields were included in a separate business segment called Infection Control. All of our disposable protective apparel, including face masks and face shield, are sold through similar distribution channels, are single-use, and disposable, have the purpose of protecting people, products and environments, and have to be produced in FDA approved facilities, regardless of the market served.

 

Our target markets include pharmaceutical manufacturing, bio-pharmaceutical manufacturing, medical device manufacturing, lab animal research, high technology electronics manufacturing (which includes the semi-conductor market), medical and dental distributors, and construction, building supply and roofing distributors.

 

Our products are used primarily in cleanrooms, industrial safety manufacturing environments, health care facilities, such as hospitals, laboratories and dental offices, and building and re-roofing sites. Our products are distributed principally in the United States through a network consisting of purchasing groups, national distributors, local distributors, independent sales representatives and our own sales and marketing force.

 

RESULTS OF OPERATIONS

 

The following table sets forth certain operational data as a percentage of net sales for the periods indicated:

 

   

For the Three Months

Ended March 31,

 
   

2019

   

2018

 

Net sales

    100.0 %     100.0 %

Gross profit

    39.0 %     38.9 %

Selling, general and administrative expenses

    29.9 %     33.9 %

Income from operations

    8.1 %     3.7 %

Income before provision for income taxes

    11.9 %     5.2 %

Net income

    9.9 %     4.4 %

 

15

 

 

Alpha Pro Tech, Ltd.

 

 


 

Three months ended March 31, 2019, compared to Three months ended March 31, 2018

 

Sales. Consolidated sales for the three months ended March 31, 2019 increased to $12,304,000 from $11,442,000 for the three months ended March 31, 2018, representing an increase of $862,000, or 7.5%. This increase consisted of increased sales in the Disposable Protective Apparel segment (now including face masks and face shields) of $1,033,000, partially offset by decreased sales in the Building Supply segment of $171,000.

 

Building Supply segment sales for the three months ended March 31, 2019 decreased by $171,000, or 2.6%, to $6,498,000, compared to $6,669,000 for the same period of 2018. This segment decrease was primarily due to a decrease in sales of premium REX™ synthetic roof underlayment and, to a lesser extent, a decrease in sales of economy brand housewrap. The majority of the decreases occurred mid quarter which can be attributed to a large percentage of our market being affected by unusually severe weather during that time. We were pleased with the fact that the decreases were partially offset by increases in our economy brand synthetic roof underlayment and an increase in the sales of our premium REX™ Wrap Fortis housewrap line which indicates that these new products are gaining continued market approval. This reinforces our decision to expand the economy brand synthetic roof underlayment line to include TECHNO SB® 25 and TECHNO SB® ULTRA, as announced in our April 4, 2019 press release. We also experienced an increase in sales of other woven materials. The sales mix of the Building Supply segment for the three months ended March 31, 2019 was 46% for synthetic roof underlayment, 44% for housewrap and 10% for other woven material. This sales mix is compared to 47% for synthetic roof underlayment, 44% for housewrap and 9% for other woven material for the three months ended March 31, 2018.

 

Sales for the Disposable Protective Apparel segment for the three months ended March 31, 2019 increased by $1,033,000, or 21.6%, to $5,806,000, compared to $4,773,000 for the same period of 2018. This segment increase was primarily due to a significant increase in disposable protective clothing (shoecovers, bouffant caps, gowns, coveralls, lab coats, and frocks), partially offset by a decrease in sales of masks and shields. The increase in disposable protective clothing was primarily due to strong sales growth across all our supply chain partners. Sales of face masks were affected by a less severe flu season in 2019. The sales mix of the Disposable Protective Apparel segment for the three months ended March 31, 2019 was 78% for disposable protective clothing, 15% for masks and 7% for shields. This sales mix is compared to 68% for disposable protective clothing, 23% for masks and 9% for shields for the three months ended March 31, 2018.

 

Gross Profit. Gross profit increased by $349,000, or 7.8%, to $4,804,000 for the three months ended March 31, 2019, from $4,455,000 for the same period of 2018. The gross profit margin was 39.0% for the three months ended March 31, 2019, compared to 38.9% for the same period of 2018. Management expects gross profit margin in 2019 to be similar to 2018.

 

Selling, General and Administrative Expenses. Selling, general and administrative expenses decreased by $206,000, or 5.3%, to $3,675,000 for the three months ended March 31, 2019 from $3,881,000 for the three months ended March 31, 2018. As a percentage of net sales, selling, general and administrative expenses decreased to 29.9% for the three months ended March 31, 2019, from 33.9% for the same period of 2018. The decrease in selling, general and administrative expenses was primarily the result of the accrual of expenses associated with a mediated settlement of a litigation matter for the three months ended March 31, 2018 that did not recur for the same period of 2019, partially offset by increased trade show expenses and employee compensation.

 

The change in expenses by segment was as follows: Building Supply was up $125,000, or 9.6%; Disposable Protective Apparel (which now includes expenses from the old Infection Control segment) was up $63,000, or 5.6%; and corporate unallocated expenses were down $394,000, or 27.4%. The decrease in corporate unallocated expenses was primarily related to the litigation matter mentioned above. The increase in the Building Supply expenses was primarily as a result of increased trade show expenses and the increase in the Disposable Protective Apparel expenses was primarily due to increased expenses for trade shows and sales commissions.

 

In accordance with the terms of his employment agreement, the Company’s President and Chief Executive Officer is entitled to an annual bonus equal to 5% of the pre-tax profits of the Company, excluding bonus expense. A bonus amount of $77,000 was accrued for the three months ended March 31, 2019, as compared to $32,000 for the same period of 2018.

 

16

 

 

Alpha Pro Tech, Ltd.

 

 


 

Depreciation and Amortization. Depreciation and amortization expense decreased by $19,000, or 13.0%, to $127,000 for the three months ended March 31, 2019, from $146,000 for the three months ended March 31, 2018. The decrease was primarily attributable to decreased depreciation for machinery and equipment in the Building Supply segment.

 

Income from Operations. Income from operations increased by $574,000, or 134.1%, to $1,002,000 for the three months ended March 31, 2019, compared to $428,000 for the three months ended March 31, 2018. The increased income from operations was primarily due to an increase in gross profit of $349,000 and a decrease in selling, general and administrative expenses of $206,000 and a decrease in depreciation and amortization expense of $19,000. Income from operations for the three months ended March 31, 2018 was negatively impacted by the mediated litigation settlement discussed previously. Income from operations as a percentage of net sales for the three months ended March 31, 2019 was 8.1%, compared to 3.7% for the same period of 2018.

 

Other Income. Other income increased by $287,000, or 166.9%, to $459,000 for the three months ended March 31, 2019 from $172,000 for the same period of 2018. The increase was primarily due to an increase in equity in income of unconsolidated affiliate of $138,000 and an increase in gain on marketable securities of $138,000.

 

Other income consisted of equity in income of unconsolidated affiliate of $277,000, a gain on marketable securities of $170,000 and interest income of $12,000 for the three months ended March 31, 2019. Other income consisted of equity in income of unconsolidated affiliate of $139,000, a gain on marketable securities of $32,000 and interest income of $1,000 for the three months ended March 31, 2018. Equity in income of unconsolidated affiliate was higher for the three months ended March 31, 2019 compared to the same period in 2018 primarily due to higher gross margin and interest income was higher due to restructuring the interest terms on our operating cash accounts.

 

Income before Provision for Income Taxes. Income before provision for income taxes for the three months ended March 31, 2019 was $1,461,000, compared to income before provision for income taxes of $600,000 for the three months ended March 31, 2018, representing an increase of $861,000, or 143.5%. This increase in income before provision for income taxes was primarily due to an increase in income from operations of $574,000 and an increase in other income of $287,000.

 

Provision for Income Taxes. The provision for income taxes for the three months ended March 31, 2019 was $243,000, compared to $92,000 for the same period of 2018. The effective tax rate was 16.6% for the three months ended March 31, 2019, compared to 15.3% for the same period of 2018. The Company does not record a tax provision on equity in income of unconsolidated affiliate, which reduces the effective tax rate.

 

Net Income. Net income for the three months ended March 31, 2019 was $1,218,000, compared to net income of $508,000 for the same period of 2018, representing an increase of $710,000, or 139.8%. The net income increase was due to an increase in income before provision for income taxes of $861,000, partially offset by an increase in provision for income taxes of $151,000. Net income as a percentage of net sales for the three months ended March 31, 2019 was 9.9%, compared to 4.4% for the same period of 2018. Basic and diluted earnings per common share for the three months ended March 31, 2019 and 2018 were $0.09 and $0.04, respectively.

 

LIQUIDITY AND CAPITAL RESOURCES

 

As of March 31, 2019, the Company had cash of $4,488,000 and working capital of $24,678,000, representing an increase in working capital of $138,000 from December 31, 2018. As of March 31, 2019, the Company’s current ratio (current assets/current liabilities) was 13:1, compared to a 14:1 current ratio as of December 31, 2018. Cash decreased by 35.9%, or $2,519,000, to $4,488,000 as of March 31, 2019, compared to $7,007,000 as of December 31, 2018. The decrease in cash was due to cash used in operating activities of $1,429,000, cash used in financing activities of $948,000 and cash used in investing activities of $142,000. Historically, cash on hand is the lowest at the end of the first quarter of each year, due to our Building Supply segment winter buy extended terms program, as well as prior year accruals which are paid in the first quarter. As such, management expects cash to increase next quarter. The credit facility includes customary financial and non-financial debt covenants. As of March 31, 2019 we believe we are in compliance with all such covenants.

 

17

 

 

Alpha Pro Tech, Ltd.

 

 


 

We have a $3,500,000 credit facility with Wells Fargo Bank, consisting of a line of credit with interest at prime plus 0.5%. As of March 31, 2019, the prime interest rate was 5.50%. This credit line will expire in May 2020. The available line of credit is based on a formula of eligible accounts receivable and inventories. Our borrowing capacity on the line of credit was $3,500,000 as of March 31, 2019. As of March 31, 2019, we did not have any borrowings under this credit facility and do not anticipate using it in the near future.

 

Net cash used in operating activities of $1,429,000 for the three months ended March 31, 2019 was due to net income of $1,218,000, impacted primarily by the following: stock-based compensation expense of $122,000, depreciation and amortization expense of $127,000, gain on marketable securities of $170,000, equity in income of unconsolidated affiliate of $277,000, operating lease expense net of accretion of $164,000, an increase in accounts receivable of $2,721,000, a decrease in prepaid expenses of $1,302,000, an increase in inventory of $529,000, a decrease in accounts payable and accrued liabilities of $505,000 and a decrease in lease liabilities of $160,000.

 

Net cash used in operating activities of $2,496,000 for the three months ended March 31, 2018 was due to net income of $508,000, impacted primarily by the following: stock-based compensation expense of $78,000, depreciation and amortization expense of $146,000, gain on marketable securities of $32,000 equity in income of unconsolidated affiliate of $139,000, an increase in accounts receivable of $1,886,000, an increase in prepaid expenses of $790,000, an increase in inventory of $386,000, and an increase in accounts payable and accrued liabilities of $5,000. 

 

Accounts receivable increased by $2,721,000, or 51.2%, to $8,039,000 as of March 31, 2019, from $5,318,000 as of December 31, 2018. The increase in accounts receivable was primarily related to extended payment terms that we offer on many Building Supply segment sales through the end of the first quarter of 2019 to remain competitive, as our competition also offers these extended payment terms. We started this program in mid-November 2018, and most of these receivables are due to be paid in the second quarter of this year. The number of days that sales remained outstanding as of March 31, 2019, calculated by using an average of accounts receivable outstanding and annual revenue, was 49 days, compared to 40 days as of December 31, 2018.

 

Inventory increased by $529,000, or 5.4%, to $10,407,000 as of March 31, 2019, from $9,878,000 as of December 31, 2018. The increase was primarily due to an increase in inventory for the Building Supply segment of $648,000, or 15.1%, to $4,950,000, partially offset by a decrease in inventory for the Disposable Protective Apparel segment of $119,000, or 2.1%, to $5,457,000,

 

Prepaid expenses decreased by $1,302,000, or 32.6%, to $2,697,000 as of March 31, 2019, from $3,999,000 as of December 31, 2018. The decrease was primarily due to a decrease in deposits for the purchase of inventory for the Building Supply segment.

 

Right-of-use assets as of March 31, 2019 decreased by $204,000 to $3,251,000 from $3,455,000 as of January 1, 2019 when ASC 842 was adopted.

 

Accounts payable and accrued liabilities as of March 31, 2019 decreased by $545,000, or 28.4%, to $1,375,000, from $1,920,000 as of December 31, 2018. The change was primarily due to a decrease in accrued liabilities as a result of payments of 2018 year-end commissions and bonuses.

 

Lease liabilities as of March 31, 2019 decreased by $160,000 to $3,295,000 from $3,455,000 as of January 1, 2019. This is the result of adopting ASU 842, Leases.

 

Net cash used in investing activities was $142,000 for the three months ended March 31, 2019, compared to net cash used in investing activities of $102,000 for the same period of 2018. Investing activities for the three months ended March 31, 2019 consisted of the purchase of property and equipment of $152,000 and proceeds from the sale of marketable securities of $10,000. Investing activities for the three months ended March 31, 2018 consisted of the purchase of property and equipment of $102,000.

 

Net cash used in financing activities was $948,000 for the three months ended March 31, 2019, compared to net cash used in financing activities of $499,000 for the same period of 2018. Net cash used in financing activities for the three months ended March 31, 2019 resulted from the payment of $1,008,000 for the repurchase of common stock, partially offset by proceeds of $60,000 from the exercise of stock options. Net cash used in financing activities for the three months ended March 31, 2018 resulted from the payment of $576,000 for the repurchase of common stock, partially offset by proceeds of $77,000 from the exercise of stock options.

 

18

 

 

Alpha Pro Tech, Ltd.

 

 


 

As of March 31, 2019, we had $1,691,000 available for additional stock purchases under our stock repurchase program. For the three months ended March 31, 2019, we repurchased 255,000 shares of common stock at a cost of $1,008,000. As of March 31, 2019, we had repurchased a total of 17,458,907 shares of common stock at a cost of $32,777,000 through our repurchase program. We retire all stock upon repurchase. Future repurchases are expected to be funded from cash on hand and cash flows from operating activities.

 

We believe that our current cash balance and the funds available under our credit facility will be sufficient to satisfy our projected working capital and planned capital expenditures for the foreseeable future.

 

Recent Accounting Pronouncements

 

In February 2016, the FASB issued ASU 2016-02, Leases, which introduces the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous guidance. The update is effective for annual reporting periods beginning after December 15, 2018, including interim periods within those reporting periods, with early adoption permitted. The original guidance required application on a modified retrospective basis with the earliest period presented. In August 2018, the FASB issued ASU 2018-11, Targeted Improvements to ASC 842, which includes an option to not restate comparative periods in transition and elect to use the effective date of ASC 842, Leases, as the date of initial application of transition. Based on the effective date, we adopted this ASU beginning on January 1, 2019 and elected the transition option provided under ASU 2018-11. This standard had a material effect on our consolidated balance sheet with the recognition of new right of use assets and lease liabilities for all operating leases, as these leases typically have a non-cancelable lease term of greater than one year. Upon adoption, both assets and liabilities on our consolidated balance sheets increased by approximately $3,455,000. We have elected a package of transition practical expedients which include not reassessing whether any expired or existing contracts are or contain leases, not reassessing the lease classification of expired or existing leases, and not reassessing initial direct costs for existing leases. We have also elected a practical expedient to not separate lease and non-lease components. We did not elect the practical expedient to use hindsight in determining the lease terms or assessing impairment of the ROU assets. See Note 13. Leases for more information.

 

In June 2016, the FASB issued ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. ASU 2016-13 is effective for public entities for the annual periods, including interim periods within those annual periods, beginning after December 15, 2019. This guidance is applicable to the Company’s fiscal year beginning January 1, 2020. Management is currently evaluating the requirements of this guidance and has not yet determined the impact on the adoption of the Company’s financial position or results from operations.

 

In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting. This ASU is intended to simplify aspects of share-based compensation issued to non-employees by making the guidance consistent with accounting for employee share-based compensation. ASU 2018-07 is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods, with early adoptions permitted but no earlier than an entity’s adoption date of ASC Topic 606. The new guidance is required to be applied retrospectively with the cumulative effect recognized at the date of initial application. We adopted the provisions of this ASU in the first quarter of 2019. Adoption of the new standard did not have a material impact on our consolidated financial statements.

 

Management periodically reviews new accounting standards that are issued. Management has not identified any other new standards that it believes merit further discussion at this time.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a smaller reporting company, we are not required to provide the information otherwise required by this Item.

 

19

 

 

Alpha Pro Tech, Ltd.

 

 


 

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures.

 

Under the supervision and with the participation of our management, including our President and Chief Executive Officer (principal executive officer) and our Chief Financial Officer (principal financial officer), we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as such term is defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)), as of March 31, 2019, pursuant to the evaluation of these controls and procedures required by Rule 13a-15 of the Exchange Act. Disclosure controls and procedures are the controls and other procedures that we have designed to ensure that we record, process, summarize and report in a timely manner the information that we must disclose in reports that we file with or submit to the SEC under the Exchange Act.     

 

In designing and evaluating our disclosure controls and procedures, we recognize that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives and that we are required to apply our judgment in evaluating the cost-benefit relationship of possible controls and procedures.

 

Based on the evaluation, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.

 

 

Changes in Internal Control Over Financial Reporting

 

During the quarter to which this report relates, there was no change in our internal control over financial reporting (as such term is defined in Rule 13a-15(f) and Rule 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

  

20

 

 

Alpha Pro Tech, Ltd.

 

 


 

PART II. OTHER INFORMATION

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

ISSUER PURCHASES OF EQUITY SECURITIES

 

The following table sets forth purchases made by or on behalf of the Company or any “affiliated purchaser,” as defined in Rule 10b-18(a)(3) of the Exchange Act:

 

   

Issuer Purchases of Equity Securities

 

Period

 

Total Number of

Shares Purchased

   

Weighted Average

Price Paid per Share

   

Total Number of

Shares Purchased

as Part of Publicly Announced

Program (1)

   

Approximate Dollar Value

of Shares that May Yet Be

Purchased Under the

Program (1)

 

January 1 - 31, 2019

    83,900     $ 4.08       83,900     $ 2,354,000  

February 1 - 28, 2019

    79,100       3.99       79,100       2,035,000  

March 1 - 31, 2019

    92,000       3.71       92,000       1,691,000  
      255,000       3.92       255,000          

 

(1)

On December 20, 2018, the Company announced that the Board of Directors had authorized a $2,000,000 expansion of the Company’s existing share repurchase program.

 

 

SECURITIES SOLD

 

We did not sell unregistered equity securities during the period covered by this report.

 

21

 

 

Alpha Pro Tech, Ltd.

 

 


 

ITEM 6. EXHIBITS

 

 

3.1.1

Certificate of Incorporation of Alpha Pro Tech, Ltd., incorporated by reference to Exhibit 3(f) to Form 10-K for the year ended December 31, 1994, filed on March 31, 1995 (File No. 000-19893).

     
 

3.1.2

Certificate of Amendment of Certificate of Incorporation of Alpha Pro Tech, Ltd., incorporated by reference to Exhibit 3(j) to Form 10-K for the year ended December 31, 1994, filed on March 31, 1995 (File No. 000-19893).

     
 

3.1.3

Certificate of Ownership and Merger (BFD Industries, Inc. into Alpha Pro Tech, Ltd.), incorporated by reference to Exhibit 3(l) to Form 10-K for the year ended December 31, 1994, filed on March 31, 1995 (File No. 000-19893).

     
 

3.2

Bylaws of Alpha Pro Tech, Ltd., incorporated by reference to Exhibit 3(g) to Form 10-K for the year ended December 31, 1994, filed on March 31, 1995 (File No. 000-19893).

     
 

31.1

Certification of President and Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended.

     
 

31.2

Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended.

     
 

32.1

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 – President and Chief Executive Officer.

     
 

32.2

Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 – Chief Financial Officer.

     
 

101

Interactive Data Files for Alpha Pro Tech, Ltd’s Form 10-Q for the period ended March 31, 2019.

 

22

 

 

Alpha Pro Tech, Ltd.

 

 


 

 

 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

 

 

 

ALPHA PRO TECH, LTD.

 

 

 

 

 

 

 

DATE:

May 7, 2019    

 

BY:

/s/ Lloyd Hoffman

 

 

 

 

 

 

 

        Lloyd Hoffman  
        President and Chief Executive Officer  
           
           
DATE: May 7, 2019         BY: /s/ Colleen McDonald  
           
 

 

 

 

Colleen McDonald 

 

        Chief Financial Officer   

 

23

 

EX-31.1 2 ex_143020.htm EXHIBIT 31.1 ex_143020.htm

 

Alpha Pro Tech, Ltd.

 

 

Certification Under Exchange Act Rules 13a – 14(a) and 15d – 14(a) EXHIBIT 31.1

 

I, Lloyd Hoffman, certify that:

 

1.

I have reviewed this Quarterly Report on Form 10-Q of Alpha Pro Tech, Ltd.;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

 

a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

 

DATE: May 7, 2019     BY:  /s/ Lloyd Hoffman  
           
        Lloyd Hoffman  
        President and Chief Executive Officer  
       

(Principal Executive Officer)

 

 

EX-31.2 3 ex_143021.htm EXHIBIT 31.2 ex_143021.htm

 

Alpha Pro Tech, Ltd.

 

 

Certification Under Exchange Act Rules 13a – 14(a) and 15d – 14(a)   EXHIBIT 31.2

 

I, Colleen McDonald, certify that:

 

1.

I have reviewed this Quarterly Report on Form 10-Q of Alpha Pro Tech, Ltd.;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

 

a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

 

DATE:

May 7, 2019  

 

BY: 

/s/ Colleen McDonald  
           
        Colleen McDonald  
        Chief Financial Officer  
        (Principal Financial and Accounting Officer)  

 

EX-32.1 4 ex_143022.htm EXHIBIT 32.1 ex_143022.htm

 

Alpha Pro Tech, Ltd.

EXHIBIT 32.1

 

 

 

 

Alpha Pro Tech, Ltd.

 

CERTIFICATION PURSUANT TO

 

18 U.S.C. SECTION 1350,

 

AS ADOPTED PURSUANT TO

 

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

 

In connection with the Quarterly Report of Alpha Pro Tech, Ltd. (the “Company”) on Form 10-Q for the quarter ended March 31, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Lloyd Hoffman, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

 

 

 

 

DATE:

May 7, 2019  

 

BY: 

/s/ Lloyd Hoffman

 
           
       

Lloyd Hoffman

 
       

President and Chief Executive Officer

 

 

EX-32.2 5 ex_143023.htm EXHIBIT 32.2 ex_143023.htm

 

Alpha Pro Tech, Ltd.

EXHIBIT 32.2

 

 

 

 

Alpha Pro Tech, Ltd.

 

CERTIFICATION PURSUANT TO

 

18 U.S.C. SECTION 1350,

 

AS ADOPTED PURSUANT TO

 

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

 

In connection with the Quarterly Report of Alpha Pro Tech, Ltd. (the “Company”) on Form 10-Q for the quarter ended March 31, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Colleen McDonald, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

 

 

 

 

DATE:

May 7, 2019  

 

BY: 

/s/ Colleen McDonald    
           
        Colleen McDonald  
        Chief Financial Officer  

 

EX-101.INS 6 apt-20190331.xml XBRL INSTANCE DOCUMENT 4326000 5274000 3974000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 4%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11.</div> </div></div> </td> <td style="width: 96%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Financial</div><div style="display: inline; font-weight: bold;"> Information about Geographic Areas</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 18pt; text-align: justify;">The following table summarizes the Company&#x2019;s net sales by geographic region for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018.</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:22.5pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">For the Three Months Ended</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Net sales by geographic region</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 56.4%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">United States</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12,040,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,198,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">International</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">264,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">244,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Consolidated net sales</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12,304,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,442,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 18pt; text-align: justify;">Net sales by geographic region are based on the countries in which our customers are located. For the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> the Company did <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> generate sales from any single country, other than the United States, that were significant to the Company&#x2019;s consolidated net sales.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:22.5pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 18pt; text-align: justify;">The following table summarizes the locations of the Company&#x2019;s long-lived assets by geographic region as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018.</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 18pt; text-align: justify;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Long-lived assets by geographic region</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 56.4%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">United States</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,538,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,528,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">International</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">733,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">716,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Consolidated total long-lived assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,271,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,244,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div></div> -160000 3 1 164000 668000 2583000 1929000 1908000 390000 400000 2319000 2308000 1022000 1007000 3341000 3315000 false --12-31 Q1 2019 2019-03-31 10-Q 0000884269 13281016 Yes false Non-accelerated Filer ALPHA PRO TECH LTD true apt <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 4%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8</div></div><div style="display: inline; font-weight: bold;">. </div></div> </td> <td style="width: 96%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Accrued Liabilities</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div>accrued liabilities consisted of the following:</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:22.5pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 15%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 27pt; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 64%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Payroll expenses and taxes payable</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">127,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">269,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Commissions and bonuses payable and general accrued liabilities</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">505,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,073,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">632,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,342,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div></div> 743000 578000 7202000 4935000 837000 383000 505000 1073000 632000 1342000 127000 269000 1845000 2669000 122000 122000 122000 78000 64000 64000 113000 73000 16000 93000 3455000 37397000 34255000 26716000 26460000 167000 32000 417000 258000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt">The interim financial information included herein is unaudited; however, the information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for the fair presentation of the consolidated financial position, results of operations and cash flows for the interim periods. These interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (&#x201c;SEC&#x201d;) and, therefore, omit certain information and note disclosures necessary to present the statements in accordance with US generally accepted accounting principles (&#x201c;US GAAP&#x201d;). The interim condensed consolidated financial statements should be read in conjunction with the Company&#x2019;s current year SEC filings on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8</div>-K as well as the consolidated financial statements for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div>which are included in the Company&#x2019;s Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K (the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&#x201c;2018</div> Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K&#x201d;), which was filed on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 6, 2019. </div>The results of operations for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>reported in this Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-Q are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018 </div>was prepared using information from the audited consolidated balance sheet contained in the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K and does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> include all disclosures required by US GAAP for annual consolidated financial statements.</div></div></div></div></div></div></div></div> 7007000 8763000 4488000 5666000 -2519000 -3097000 0.01 0.01 50000000 50000000 13281018 13502684 13502684 13281018 133000 135000 7500000 6987000 170000 32000 3000 170000 32000 141000 141000 127000 146000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style=";font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="width:36pt;vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3.</div></div></div> </td> <td style="vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">S</div><div style="display: inline; font-weight: bold;">tock</div><div style="display: inline; font-weight: bold;">-</div><div style="display: inline; font-weight: bold;">Based Compensation</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Company maintains a stock option plan under which the Company <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>grant incentive stock options and non-qualified stock options to employees and non-employee directors. Stock options have been granted with exercise prices at or above the fair market value of the underlying shares of common stock on the date of grant. Options vest and expire according to terms established at the grant date.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Company records compensation expense for the fair value of stock-based awards determined as of the grant date, including employee stock options, over the determined requisite service period, which is generally ratably over the vesting term.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">For the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">310,000</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">289,750</div> respectively, of stock options were granted under the Company&#x2019;s option plan. The Company recognized <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$122,000</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$78,000</div> in stock-based compensation expense for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> respectively.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Company uses the Black-Scholes option-pricing model to value the options. The Company uses historical data to estimate the expected life of the options. The risk-free interest rate for periods within the contractual life of an award is based on the US Treasury yield curve in effect at the time of grant. The estimated volatility is based on historical volatility and management&#x2019;s expectations of future volatility. The Company uses an estimated dividend payout of zero, as the Company has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> paid dividends in the past and, at this time, does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> expect to do so in the future. The Company accounts for option forfeitures as they occur.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The following table summarizes stock option activity for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019:</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div> <table cellpadding="0pt" cellspacing="0pt" style="margin: 0pt auto 0pt 18pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Weighted</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Average</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Exercise Price</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Options</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Per Option</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options outstanding, December 31, 2018</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,022,913</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.69</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 61.9%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Granted to employees and non-employee directors</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">310,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3.62</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Exercised</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(33,334</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.80</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Canceled/expired/forfeited</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.00</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options outstanding, March 31, 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,299,579</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.93</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options exercisable, March 31, 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">461,751</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.50</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$863,000</div> of total unrecognized compensation cost related to stock options was expected to be recognized over a weighted average period of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.30.</div></div></div> 0.09 0.04 0.09 0.04 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 4%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9</div></div><div style="display: inline; font-weight: bold;">. </div></div> </td> <td style="width: 96%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Basic and Diluted </div><div style="display: inline; font-weight: bold;">Earnings</div><div style="display: inline; font-weight: bold;"> </div><div style="display: inline; font-weight: bold;">Per</div><div style="display: inline; font-weight: bold;"> </div><div style="display: inline; font-weight: bold;">Common </div><div style="display: inline; font-weight: bold;">Share</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The following table provides a reconciliation of both net income and the number of shares used in the computation of &#x201c;basic&#x201d; earnings per common share (&#x201c;EPS&#x201d;), which utilizes the weighted average number of common shares outstanding without regard to dilutive shares, and &#x201c;diluted&#x201d; EPS, which includes all such dilutive shares, for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018.</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">For the Three Months Ended</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Net income (numerator)</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,218,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">508,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Shares (denominator):</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 57.3%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Basic weighted average common shares outstanding</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13,391,992</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,217,919</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Add: dilutive effect of common stock options</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">77,505</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">165,086</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Diluted weighted average common shares outstanding</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13,469,497</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,383,005</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Earnings per common share:</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Basic</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.09</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.04</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Diluted</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.09</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.04</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div></div> 863000 P2Y109D 1450000 77000 0 0 0.4166 0.5834 4757000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: top;"> <td style="width: 4%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7</div></div><div style="display: inline; font-weight: bold;">. </div></div> </td> <td style="width: 96%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Equity </div><div style="display: inline; font-weight: bold;">I</div><div style="display: inline; font-weight: bold;">nvestment in Unconsolidated Affiliate</div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:4.3pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:22.5pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2005,</div> Alpha ProTech Engineered Products, Inc. (a subsidiary of Alpha Pro Tech, Ltd.) entered into a joint venture with a manufacturer in India, Maple Industries, for the production of building products. Under the terms of the joint venture agreement, a private company, Harmony Plastics Private Limited (&#x201c;Harmony&#x201d;), was created with ownership interests of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">41.66%</div> owned by Alpha ProTech Engineered Products, Inc. and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">58.34%</div> owned by Maple Industries and Associates.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:22.5pt;margin-right:0pt;margin-top:0pt;text-align:justify;">This joint venture positions Alpha ProTech Engineered Products, Inc. to respond to current and expected increased product demand for housewrap and synthetic roof underlayment and provides future capacity for sales of specialty roofing component products and custom products for industrial applications requiring high quality extrusion coated fabrics. In addition, the joint venture now supplies products for the Disposable Protective Apparel segment.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:22.5pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The capital from the initial funding and a bank loan, which loan is guaranteed exclusively by the individual shareholders of Maple Industries and associates and collateralized by the assets of Harmony, were utilized to purchase the original manufacturing facility in India. Harmony currently has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">four</div> facilities in India (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> owned and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> rented), consisting of: (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>) a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">113,000</div> square foot building for manufacturing building products; (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div>) a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">73,000</div> square foot building for manufacturing coated material and sewing proprietary disposable protective apparel; (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div>) a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16,000</div> square foot facility for sewing proprietary disposable protective apparel; and (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4</div>) a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">93,000</div> square foot rental for manufacturing Building Supply segment products. All additions have been financed by Harmony with <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> guarantees from the Company.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In accordance with Accounting Standards Codification (&#x201c;ASC&#x201d;) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">810,</div> Consolidation, the Company assesses whether or <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> related entities are variable interest entities (&#x201c;VIEs&#x201d;). For those related entities that qualify as VIEs, ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">810</div> requires the Company to determine whether or <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> the Company is the primary beneficiary of the VIE, and, if so, to consolidate the VIE. The Company has determined that Harmony is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> a VIE and is, therefore, considered to be an unconsolidated affiliate.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Company records its investment in Harmony as &#x201c;equity investment in unconsolidated affiliate&#x201d; in the accompanying condensed consolidated balance sheets. The Company records its equity interest in Harmony&#x2019;s results of operations as &#x201c;equity in income of unconsolidated affiliate&#x201d; in the accompanying condensed consolidated statements of income. The Company periodically reviews its investment in Harmony for impairment. Management has determined that <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> </div>impairment was required as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018.</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">For the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> Alpha Pro Tech purchased <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$5,274,000</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,974,000</div> of inventories, respectively, from Harmony.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">For the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> the Company recorded equity in income of unconsolidated affiliate of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$277,000</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$139,000,</div> respectively, related to Harmony.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>the Company&#x2019;s investment in Harmony was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$4,757,000,</div> which consisted of its original <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$1,450,000</div> investment and cumulative equity in income of unconsolidated affiliate of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$4,326,000,</div> less <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$942,000</div> in repayments of the advance and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$77,000</div> in dividends.</div></div> 0 15000 16000 55000 55000 4804000 4455000 1461000 600000 277000 139000 243000 92000 -505000 5000 2267000 1866000 454000 20000 529000 386000 -1302000 790000 77505 165086 12000 1000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style=";font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="width: 4%; vertical-align: top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6.</div></div></div> </td> <td style="vertical-align: top; width: 96%;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">Inventories</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:22.5pt;margin-right:0pt;margin-top:0pt;text-align:justify;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div>inventories consisted of the following:</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 15%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 36pt; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 64%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Raw materials</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,784,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,732,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Work in process</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,144,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">825,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Finished goods</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,479,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,321,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10,407,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9,878,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div></div> 4479000 4321000 10407000 9878000 4784000 4732000 1144000 825000 4757000 4480000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style=";font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr> <td style="width:36pt;vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4.</div></div></div> </td> <td style="vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">Investments</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 20.15pt; text-align: justify;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div>investments totaled <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$417,000</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$258,000,</div> respectively, which consisted of equity securities. Certain marketable securities were sold during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">none</div> were sold during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018. </div>The total gain on marketable securities during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018 </div>was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$170,000</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$32,000</div> respectively.&nbsp;The gain for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>was due to an unrealized gain of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$167,000</div> and a realized gain of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,000.</div> The gain for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018 </div>was due to an unrealized gain of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$32,000.</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="margin-right: 20%; margin-left: 81pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 81%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Remaining nine months of 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">594,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2020</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">797,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2021</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">776,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2022</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">670,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2023</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">676,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Thereafter</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">135,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total future minimum lease payments</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,648,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less imputed interest</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(353,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total Lease liabilities</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,295,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> </table></div> 3648000 135000 676000 670000 776000 797000 594000 353000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: top;"> <td style="width: 4%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div></div><div style="display: inline; font-weight: bold;">. </div></div> </td> <td style="width: 96%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Leases</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:0.2pt;">We have operating leases for our corporate office and manufacturing facilities, which expire at various dates through&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2024.</div> Our primary operating lease commitments at&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March&nbsp;</div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019</div>&nbsp;are related to our manufacturing facilities in Valdosta, Georgia; Nogales, Arizona and Salt Lake City, Utah;&nbsp;as well as corporate headquarters in Markham, Canada.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:0.2pt;">As of&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March&nbsp;</div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019,</div> we had operating lease ROU assets of&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,251,000</div>&nbsp;and operating lease liabilities of&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,295,000.</div> As of&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March&nbsp;</div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019,</div> we did <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> have any finance leases recorded on our condensed consolidated balance sheet.&nbsp;Operating lease expense was approximately&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$201,000</div>&nbsp;during the&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019.</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:0.2pt;">The aggregate future minimum lease payments and reconciliation to lease liabilities as of&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March&nbsp;</div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019,</div> are as follows:</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:0.2pt;">&nbsp;</div> <div> <table style="margin-right: 20%; margin-left: 81pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 81%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Remaining nine months of 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">594,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2020</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">797,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2021</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">776,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2022</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">670,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">2023</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">676,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Thereafter</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">135,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total future minimum lease payments</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,648,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less imputed interest</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(353,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total Lease liabilities</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,295,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 18pt; text-align: justify; text-indent: 0.2pt;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>our weighted average remaining lease term was&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4.7</div>&nbsp;years. During the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>our weighted average discount rate was&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4.32%.</div></div></div> 3455000 4811000 2061000 37397000 34255000 2038000 1920000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; min-width: 700px;"> <tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="width: 4%; vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div></div></div> </td> <td style="vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 96%;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">The Company</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">Alpha Pro Tech, Ltd. (&#x201c;Alpha Pro Tech&#x201d; or the &#x201c;Company&#x201d;) is in the business of protecting people, products and environments. The Company accomplishes this by developing, manufacturing and marketing a line of building supply products for the new home and re-roofing markets and a line of disposable protective apparel for the cleanroom, industrial pharmaceutical medical and dental markets.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Building Supply segment consists of construction weatherization products, such as housewrap and synthetic roof underlayment, as well as other woven material.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Disposable Protective Apparel segment consists of a complete line of disposable protective clothing (shoecovers, bouffant caps, coveralls, gowns, frocks and lab coats), face masks and face shields. Previously, face masks and face shields were included in a separate business segment called Infection Control. All our disposable protective apparel, including masks and shields, are sold through similar distribution channels, are single-use and disposable, have the purpose of protecting people, products and environments, and have to be produced in FDA approved facilities, regardless of the market served. For these reasons, the Infection Control segment was combined with the Disposable Protective Apparel segment during the quarter ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019. </div>The disclosures herein reflect this current segmentation.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Company&#x2019;s products are sold under the "Alpha Pro Tech" brand name and under private label, and are predominantly sold in the United States of America (&#x201c;US&#x201d;).</div></div> -948000 -499000 -142000 -102000 -1429000 -2496000 1218000 508000 908000 994000 1423000 1023000 2331000 2017000 870000 1417000 1218000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style=";font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr> <td style="width:36pt;vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5.</div></div></div> </td> <td style="vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">Recent Accounting Pronouncements</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 20.15pt; text-align: justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 2016, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02,</div> Leases, which introduces the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous guidance. The update is effective for annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2018, </div>including interim periods within those reporting periods, with early adoption permitted. The original guidance required application on a modified retrospective basis with the earliest period presented. In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 2018, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,</div> Targeted Improvements to ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">842,</div> which includes an option to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> restate comparative periods in transition and elect to use the effective date of ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">842,</div> Leases, as the date of initial application of transition. Based on the effective date, the Company adopted this ASU beginning on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2019 </div>and elected the transition option provided under ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11.</div> This standard had a material effect on our consolidated balance sheet with the recognition of new right of use assets and lease liabilities for all operating leases, as these leases typically have a non-cancelable lease term of greater than <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> year. Upon adoption, both assets and liabilities on our consolidated balance sheets increased by approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,455,000.</div> The Company elected a package of transition practical expedients which include <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> reassessing whether any expired or existing contracts are or contain leases, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> reassessing the lease classification of expired or existing leases, and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> reassessing initial direct costs for existing leases. The Company also elected a practical expedient to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> separate lease and non-lease components. The Company did <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> elect the practical expedient to use hindsight in determining the lease terms or assessing impairment of the Right-of-Use (&#x2018;ROU&#x201d;) assets. See Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13.</div> Leases for more information.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 2016, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> Financial Instruments - Credit Losses (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">326</div>): Measurement of Credit Losses on Financial Instruments. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> is effective for public entities for the annual periods, including interim periods within those annual periods, beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2019. </div>This guidance is applicable to the Company&#x2019;s fiscal year beginning <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2020. </div>Management is currently evaluating the requirements of this guidance and has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> yet determined the impact on the adoption of the Company&#x2019;s financial position or results from operations.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 2018, </div>the FASB issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No.</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">07,</div> Compensation - Stock Compensation (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">718</div>), Improvements to Nonemployee Share-Based Payment Accounting. This ASU is intended to simplify aspects of share-based compensation issued to non-employees by making the guidance consistent with accounting for employee share-based compensation. ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">07</div> is effective for annual periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2018 </div>and interim periods within those annual periods, with early adoption permitted but <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> earlier than an entity&#x2019;s adoption date of ASC Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">606.</div> The new guidance is required to be applied retrospectively with the cumulative effect recognized at the date of initial application. The Company adopted the provisions of this ASU in the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019.</div> Adoption of the new standard did <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> have a material impact on our consolidated financial statements.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">Management periodically reviews new accounting standards that are issued. Management has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> identified any other new standards that it believes merit further discussion at this time.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div></div> 2538000 2528000 733000 716000 3271000 3244000 459000 172000 2 4 3802000 4027000 1002000 428000 201000 3295000 663000 2632000 3251000 0.0432 P4Y255D 1008000 576000 0 152000 102000 2697000 3999000 942000 0 10000 60000 77000 3271000 3244000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 62%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Building Supply</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,929,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,908,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Disposable Protective Apparel</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">390,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">400,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total segment assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,319,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,308,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Unallocated corporate assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,022,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,007,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total consolidated assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,341,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,315,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">For the Three Months Ended</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 62%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Building Supply</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">908,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">994,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Disposable Protective Apparel</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,423,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,023,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total segment income</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,331,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,017,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Unallocated corporate overhead expenses</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">870,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,417,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Provision for income taxes</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">243,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">92,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Consolidated net income</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,218,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">508,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> 0 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: top;"> <td style="width: 4%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div></div><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div></div><div style="display: inline; font-weight: bold;">. </div></div> </td> <td style="width: 96%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Related Party Transactions</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 18pt; text-align: justify;">The Company has <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> related party transactions other than the Company&#x2019;s transactions with its non-consolidated affiliated Harmony Plastics Private Limited. See &#x201c;Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7</div>-Equity Investment in Unconsolidated Affiliate&#x201d;.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div></div> 30608000 29390000 12040000 11198000 264000 244000 12304000 11442000 6498000 6669000 5806000 4773000 12304000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2018, </div>the Company adopted the new accounting standard, Accounting Standards Update (&#x201c;ASU&#x201d;) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">606,</div> <div style="display: inline; font-style: italic;">Revenue from Contracts with Customers</div>. This standard was retrospectively adopted for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> year, and there was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> cumulative effect adjustment upon adoption. Net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. Revenue is measured as the amount of consideration that we expect to receive in exchange for transferring products. All revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue by transferring the promised products to the customer, with revenue being recognized at the point in time when the customer obtains control of the products, at which time a receivable is created for the invoice sent to the customer. We recognize revenue for shipping and handling charges at the time the products are delivered to or picked up by the customer. We estimate product returns based on historical return rates and rebates based upon contractual agreements. Using probability assessments, we estimate sales incentives expected to be paid over the term of the contract. Our contracts have a single performance obligation. Sales taxes and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. The Company manufactures certain private label goods for customers and has determined that control does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> pass to the customer at the time of manufacture, based upon the nature of the private labelling. The Company had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> material contract assets, and the Company concluded that its contract liabilities (mostly rebates) had the right of offset against customer receivables. See Notes <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11</div> for revenue disaggregated by type and by geographic region.</div></div></div></div></div></div></div></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 15%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 27pt; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 64%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Payroll expenses and taxes payable</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">127,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">269,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Commissions and bonuses payable and general accrued liabilities</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">505,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,073,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">632,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,342,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">For the Three Months Ended</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Net income (numerator)</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,218,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">508,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Shares (denominator):</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 57.3%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Basic weighted average common shares outstanding</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13,391,992</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,217,919</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Add: dilutive effect of common stock options</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">77,505</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">165,086</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Diluted weighted average common shares outstanding</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13,469,497</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,383,005</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Earnings per common share:</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Basic</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.09</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.04</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Diluted</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.09</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.04</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 15%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 36pt; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 64%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Raw materials</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,784,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,732,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Work in process</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,144,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">825,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Finished goods</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,479,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,321,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10,407,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 15%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9,878,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">For the Three Months Ended</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Net sales by geographic region</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 56.4%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">United States</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12,040,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,198,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">International</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">264,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">244,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Consolidated net sales</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12,304,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,442,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Long-lived assets by geographic region</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 56.4%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">United States</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,538,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,528,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">International</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">733,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">716,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Consolidated total long-lived assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,271,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,244,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">For the Three Months Ended</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 62%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Building Supply</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,498,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,669,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Disposable Protective Apparel</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5,806,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,773,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Consolidated net sales</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12,304,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,442,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0pt" cellspacing="0pt" style="margin: 0pt auto 0pt 18pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Weighted</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Average</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Exercise Price</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Options</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Per Option</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options outstanding, December 31, 2018</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,022,913</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.69</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 61.9%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Granted to employees and non-employee directors</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">310,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3.62</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Exercised</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(33,334</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.80</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Canceled/expired/forfeited</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.00</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(204, 238, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options outstanding, March 31, 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,299,579</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.93</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; background-color: rgb(255, 255, 255);"> <td colspan="1" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options exercisable, March 31, 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">461,751</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 14%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.50</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: top;"> <td style="width: 4%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></div><div style="display: inline; font-weight: bold;">. </div></div> </td> <td style="width: 96%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Activity of Business Segments</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Company operates through <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> business segments:</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">(<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>) </div><div style="display: inline; font-weight: bold;">Building Supply</div>: consisting of a line of construction supply weatherization products. The construction supply weatherization products consist of housewrap and synthetic roof underlayment, as well as other woven material. The majority of the Company&#x2019;s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Building Supply segment.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">(<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div>) </div><div style="display: inline; font-weight: bold;">Disposable Protective Apparel</div>: consisting of a complete line of disposable protective clothing, including shoecovers (including the Aqua Trak&reg; and spunbond shoecovers), bouffant caps, coveralls, frocks, lab coats, gowns, hoods, as well as face masks and face shields for the pharmaceutical, cleanroom, industrial, medical and dental markets. A portion of the Company&#x2019;s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Disposable Protective Apparel segment.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:20.15pt;margin-right:0pt;margin-top:0pt;text-align:justify;">Previously, face masks and face shields were included in a separate business segment called Infection Control. All our disposable protective apparel, including face masks and face shields, are sold through similar distribution channels, are single-use, and disposable, have the purpose of protecting people, products and environments, and have to be produced in Food and Drug Administration (&#x201c;FDA&#x201d;) approved facilities, regardless of the market served. Based on these similarities, we determined it would be best to consolidate the Infection Control segment into the Disposable Protective Apparel segment.&nbsp;&nbsp;&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">Segment data excludes charges allocated to the principal executive office and other unallocated corporate overhead expenses and income tax. The Company evaluates the performance of its segments and allocates resources to them based primarily on net sales.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The following table presents consolidated net sales for each segment for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018:</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div> <table style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">For the Three Months Ended</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 62%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Building Supply</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,498,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,669,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Disposable Protective Apparel</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5,806,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,773,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Consolidated net sales</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12,304,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11,442,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The following table presents the reconciliation of consolidated segment income to consolidated net income for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018:</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div> <table style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">For the Three Months Ended</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 62%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Building Supply</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">908,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">994,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Disposable Protective Apparel</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,423,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,023,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total segment income</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,331,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,017,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Unallocated corporate overhead expenses</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">870,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,417,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Provision for income taxes</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">243,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">92,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Consolidated net income</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,218,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">508,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The following table presents the consolidated net property and equipment, goodwill and net definite-lived intangible assets (&#x201c;consolidated assets&#x201d;) by segment as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018:</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div> <table style="margin-right: 20%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 18pt; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 62%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Building Supply</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,929,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,908,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Disposable Protective Apparel</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">390,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">400,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total segment assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,319,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,308,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Unallocated corporate assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,022,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,007,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;" nowrap="nowrap">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total consolidated assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,341,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,315,000</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;" nowrap="nowrap">&nbsp;</td> </tr> </table> </div></div> 3675000 3881000 122000 78000 0 461751 2.50 0 310000 289750 1022913 1299579 2.69 2.93 1.80 3.62 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; min-width: 700px;" cellspacing="0pt" cellpadding="0pt"> <tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <td style="width: 4%; vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.</div></div></div> </td> <td style="vertical-align: top; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 96%;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:justify;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">Basis of Presentation</div><div style="display: inline; font-weight: bold;"> and Revenue Recognition </div><div style="display: inline; font-weight: bold;">P</div><div style="display: inline; font-weight: bold;">olicy</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The interim financial information included herein is unaudited; however, the information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for the fair presentation of the consolidated financial position, results of operations and cash flows for the interim periods. These interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (&#x201c;SEC&#x201d;) and, therefore, omit certain information and note disclosures necessary to present the statements in accordance with US generally accepted accounting principles (&#x201c;US GAAP&#x201d;). The interim condensed consolidated financial statements should be read in conjunction with the Company&#x2019;s current year SEC filings on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8</div>-K as well as the consolidated financial statements for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div>which are included in the Company&#x2019;s Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K (the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&#x201c;2018</div> Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K&#x201d;), which was filed on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 6, 2019. </div>The results of operations for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>reported in this Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-Q are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018 </div>was prepared using information from the audited consolidated balance sheet contained in the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K and does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> include all disclosures required by US GAAP for annual consolidated financial statements.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2018, </div>the Company adopted the new accounting standard, Accounting Standards Codification (&#x201c;ASC&#x201d;) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">606,</div> <div style="display: inline; font-style: italic;">Revenue from Contracts with Customers</div>. This standard was retrospectively adopted for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> year, and there was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> cumulative effect adjustment upon adoption. Net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. Revenue is measured as the amount of consideration that we expect to receive in exchange for transferring products. All revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue by transferring the promised products to the customer, with revenue being recognized at the point in time when the customer obtains control of the products, at which time a receivable is created for the invoice sent to the customer. We recognize revenue for shipping and handling charges at the time the products are delivered to or picked up by the customer. We estimate product returns based on historical return rates and rebates based upon contractual agreements. Using probability assessments, we estimate sales incentives expected to be paid over the term of the contract. Our contracts have a single performance obligation. Sales taxes and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. The Company manufactures certain private label goods for customers and has determined that control does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> pass to the customer at the time of manufacture, based upon the nature of the private labelling. The Company had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> material contract assets, and the Company concluded that its contract liabilities (mostly rebates) had the right of offset against customer receivables. See Notes <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11</div> for revenue disaggregated by type and by geographic region.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div></div> 33334 33334 60000 60000 255000 2000 1006000 1008000 32586000 32194000 135000 2669000 29390000 133000 1845000 30608000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="; text-indent: 0px; min-width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr style="vertical-align: top;"> <td style="width: 4%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14</div></div><div style="display: inline; font-weight: bold;">. </div></div> </td> <td style="width: 96%;"> <div style=" margin: 0pt; text-align: justify; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Subsequent Events</div></div> </td> </tr> </table> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:18pt;margin-right:0pt;margin-top:0pt;text-align:justify;">The Company has reviewed and evaluated whether subsequent events have occurred from the condensed consolidated balance sheet date of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>through the filing date of this Quarterly Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-Q that would require accounting or disclosure and has concluded that there are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> such subsequent events.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div></div> 13469497 14383005 13391992 14217919 The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date. The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date. xbrli:shares xbrli:pure utr:sqft iso4217:USD iso4217:USD xbrli:shares 0000884269 apt:HarmonyMember 2006-01-01 2019-03-31 0000884269 2018-01-01 2018-03-31 0000884269 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-03-31 0000884269 us-gaap:OperatingSegmentsMember 2018-01-01 2018-03-31 0000884269 us-gaap:OperatingSegmentsMember apt:BuildingSupplyMember 2018-01-01 2018-03-31 0000884269 us-gaap:OperatingSegmentsMember apt:DisposableProtectiveApparelMember 2018-01-01 2018-03-31 0000884269 srt:ReportableGeographicalComponentsMember apt:InternationalMember 2018-01-01 2018-03-31 0000884269 srt:ReportableGeographicalComponentsMember country:US 2018-01-01 2018-03-31 0000884269 apt:HarmonyMember 2018-01-01 2018-12-31 0000884269 2019-01-01 2019-03-31 0000884269 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-03-31 0000884269 us-gaap:OperatingSegmentsMember 2019-01-01 2019-03-31 0000884269 us-gaap:OperatingSegmentsMember apt:BuildingSupplyMember 2019-01-01 2019-03-31 0000884269 us-gaap:OperatingSegmentsMember apt:DisposableProtectiveApparelMember 2019-01-01 2019-03-31 0000884269 srt:ReportableGeographicalComponentsMember 2019-01-01 2019-03-31 0000884269 srt:ReportableGeographicalComponentsMember apt:InternationalMember 2019-01-01 2019-03-31 0000884269 srt:ReportableGeographicalComponentsMember country:US 2019-01-01 2019-03-31 0000884269 apt:HarmonyMember 2019-01-01 2019-03-31 0000884269 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000884269 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000884269 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000884269 apt:AlphaProTechEngineeredProductsMember apt:HarmonyMember 2005-12-31 0000884269 apt:MapleIndustriesAndAssociatesMember apt:HarmonyMember 2005-12-31 0000884269 2017-12-31 0000884269 2018-03-31 0000884269 2018-12-31 0000884269 us-gaap:CorporateNonSegmentMember 2018-12-31 0000884269 us-gaap:OperatingSegmentsMember 2018-12-31 0000884269 us-gaap:OperatingSegmentsMember apt:BuildingSupplyMember 2018-12-31 0000884269 us-gaap:OperatingSegmentsMember apt:DisposableProtectiveApparelMember 2018-12-31 0000884269 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000884269 us-gaap:CommonStockMember 2018-12-31 0000884269 us-gaap:RetainedEarningsMember 2018-12-31 0000884269 apt:InternationalMember 2018-12-31 0000884269 country:US 2018-12-31 0000884269 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0000884269 2019-03-31 0000884269 us-gaap:CorporateNonSegmentMember 2019-03-31 0000884269 us-gaap:OperatingSegmentsMember 2019-03-31 0000884269 us-gaap:OperatingSegmentsMember apt:BuildingSupplyMember 2019-03-31 0000884269 us-gaap:OperatingSegmentsMember apt:DisposableProtectiveApparelMember 2019-03-31 0000884269 apt:HarmonyMember apt:ManufacturingBuildingProductsMember country:IN 2019-03-31 0000884269 apt:HarmonyMember apt:ManufacturingCoatedMaterialAndSewingProprietaryDisposableProtectiveApparelMember country:IN 2019-03-31 0000884269 apt:HarmonyMember apt:ManufacturingOfBuildingProductsMember country:IN 2019-03-31 0000884269 apt:HarmonyMember apt:SewingProprietaryDisposableProtectiveApparelMember country:IN 2019-03-31 0000884269 apt:HarmonyMember country:IN 2019-03-31 0000884269 apt:HarmonyMember 2019-03-31 0000884269 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000884269 us-gaap:CommonStockMember 2019-03-31 0000884269 us-gaap:RetainedEarningsMember 2019-03-31 0000884269 apt:InternationalMember 2019-03-31 0000884269 country:US 2019-03-31 0000884269 2019-05-01 EX-101.SCH 7 apt-20190331.xsd XBRL TAXONOMY EXTENSION SCHEMA 000 - Document - Document And Entity Information link:calculationLink link:definitionLink link:presentationLink 001 - Statement - Condensed Consolidated Balance Sheets (Current Period Unaudited) link:calculationLink link:definitionLink link:presentationLink 002 - Statement - Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) link:calculationLink link:definitionLink link:presentationLink 003 - Statement - Condensed Consolidated Statements of Income (Unaudited) link:calculationLink link:definitionLink link:presentationLink 004 - Statement - Condensed Consolidated Statement of Shareholders' Equity (Unaudited) link:calculationLink link:definitionLink link:presentationLink 005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:calculationLink link:definitionLink link:presentationLink 006 - Disclosure - Note 1 - The Company link:calculationLink link:definitionLink link:presentationLink 007 - Disclosure - Note 2 - Basis of Presentation and Revenue Recognition Policy link:calculationLink link:definitionLink link:presentationLink 008 - Disclosure - Note 3 - Stock-based Compensation link:calculationLink link:definitionLink link:presentationLink 009 - Disclosure - Note 4 - Investments link:calculationLink link:definitionLink link:presentationLink 010 - Disclosure - Note 5 - Recent Accounting Pronouncements link:calculationLink link:definitionLink link:presentationLink 011 - Disclosure - Note 6 - Inventories link:calculationLink link:definitionLink link:presentationLink 012 - Disclosure - Note 7 - Equity Investment in Unconsolidated Affiliate link:calculationLink link:definitionLink link:presentationLink 013 - Disclosure - Note 8 - Accrued Liabilities link:calculationLink link:definitionLink link:presentationLink 014 - Disclosure - Note 9 - Basic and Diluted Earnings Per Common Share link:calculationLink link:definitionLink link:presentationLink 015 - Disclosure - Note 10 - Activity of Business Segments link:calculationLink link:definitionLink link:presentationLink 016 - Disclosure - Note 11 - Financial Information about Geographic Areas link:calculationLink link:definitionLink link:presentationLink 017 - Disclosure - Note 12 - Related Party Transactions link:calculationLink link:definitionLink link:presentationLink 018 - Disclosure - Note 13 - Leases link:calculationLink link:definitionLink link:presentationLink 019 - Disclosure - Note 14 - Subsequent Events link:calculationLink link:definitionLink link:presentationLink 020 - Disclosure - Significant Accounting Policies (Policies) link:calculationLink link:definitionLink link:presentationLink 021 - Disclosure - Note 3 - Stock-based Compensation (Tables) link:calculationLink link:definitionLink link:presentationLink 022 - Disclosure - Note 6 - Inventories (Tables) link:calculationLink link:definitionLink link:presentationLink 023 - Disclosure - Note 8 - Accrued Liabilities (Tables) link:calculationLink link:definitionLink link:presentationLink 024 - Disclosure - Note 9 - Basic and Diluted Earnings Per Common Share (Tables) link:calculationLink link:definitionLink link:presentationLink 025 - Disclosure - Note 10 - Activity of Business Segments (Tables) link:calculationLink link:definitionLink link:presentationLink 026 - Disclosure - Note 11 - Financial Information about Geographic Areas (Tables) link:calculationLink link:definitionLink link:presentationLink 027 - Disclosure - Note 13 - Leases (Tables) link:calculationLink link:definitionLink link:presentationLink 028 - Disclosure - Note 3 - Stock-based Compensation (Details Textual) link:calculationLink link:definitionLink link:presentationLink 029 - Disclosure - Note 3 - Stock-based Compensation - Stock Option Activity (Details) link:calculationLink link:definitionLink link:presentationLink 030 - Disclosure - Note 4 - Investments (Details Textual) link:calculationLink link:definitionLink link:presentationLink 031 - Disclosure - Note 5 - Recent Accounting Pronouncements (Details Textual) link:calculationLink link:definitionLink link:presentationLink 032 - Disclosure - Note 6 - Inventories - Inventories (Details) link:calculationLink link:definitionLink link:presentationLink 033 - Disclosure - Note 7 - Equity Investment in Unconsolidated Affiliate (Details Textual) link:calculationLink link:definitionLink link:presentationLink 034 - Disclosure - Note 8 - Accrued Liabilities - Accrued Liabilities (Details) link:calculationLink link:definitionLink link:presentationLink 035 - Disclosure - Note 9 - Basic and Diluted Earnings Per Common Share - Reconciliation of Net Income and Number of Shares Used in Computations of Basic and Diluted EPS (Details) link:calculationLink link:definitionLink link:presentationLink 036 - Disclosure - Note 10 - Activity of Business Segments (Details Textual) link:calculationLink link:definitionLink link:presentationLink 037 - Disclosure - Note 10 - Activity of Business Segments - Consolidated Net Sales (Details) link:calculationLink link:definitionLink link:presentationLink 038 - Disclosure - Note 10 - Activity of Business Segments - Reconciliation of Total Segment Income to Total Consolidated Net Income (Details) link:calculationLink link:definitionLink link:presentationLink 039 - Disclosure - Note 10 - Activity of Business Segments - Consolidated Net Property and Equipment, Goodwill and Intangible Assets (Details) link:calculationLink link:definitionLink link:presentationLink 040 - Disclosure - Note 11 - Financial Information about Geographic Areas - Consolidated Net Sales and Long-lived Asset Information by Geographic Area (Details) link:calculationLink link:definitionLink link:presentationLink 041 - Disclosure - Note 12 - Related Party Transactions (Details Textual) link:calculationLink link:definitionLink link:presentationLink 042 - Disclosure - Note 13 - Leases (Details Textual) link:calculationLink link:definitionLink link:presentationLink 043 - Disclosure - Note 13 - Leases - Future Minimum Lease Payment (Details) link:calculationLink link:definitionLink link:presentationLink EX-101.CAL 8 apt-20190331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 apt-20190331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 apt-20190331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate Note To Financial Statement Details Textual Significant Accounting Policies Note 3 - Stock-based Compensation 2020 Note 6 - Inventories Note 8 - Accrued Liabilities Note 9 - Basic and Diluted Earnings Per Common Share Note 10 - Activity of Business Segments Note 11 - Financial Information about Geographic Areas Note 13 - Leases Note 3 - Stock-based Compensation - Stock Option Activity (Details) Note 6 - Inventories - Inventories (Details) Note 8 - Accrued Liabilities - Accrued Liabilities (Details) Note 9 - Basic and Diluted Earnings Per Common Share - Reconciliation of Net Income and Number of Shares Used in Computations of Basic and Diluted EPS (Details) Lessee, Operating Lease, Liability, Maturity [Table Text Block] Stock-based compensation Note 10 - Activity of Business Segments - Consolidated Net Sales (Details) Remaining nine months of 2019 us-gaap_LiabilitiesCurrent Total current liabilities Note 10 - Activity of Business Segments - Reconciliation of Total Segment Income to Total Consolidated Net Income (Details) Note 10 - Activity of Business Segments - Consolidated Net Property and Equipment, Goodwill and Intangible Assets (Details) Note 11 - Financial Information about Geographic Areas - Consolidated Net Sales and Long-lived Asset Information by Geographic Area (Details) Note 13 - Leases - Future Minimum Lease Payment (Details) Notes To Financial Statements Notes To Financial Statements [Abstract] Operating expenses: Share-based Payment Arrangement, Option, Activity [Table Text Block] us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities Proceeds from Sale and Maturity of Marketable Securities, Total Alpha Pro Tech Engineered Products [Member] Alpha ProTech Engineered Products [Member] apt_ExpenseToAcquireInventory Expense To Acquire Inventory Purchases from our Joint venture. apt_CumulativeEquityInIncomeOfUnconsolidatedAffiliate Cumulative Equity In Income Of Unconsolidated Affiliate CumulativeEquityInIncomeOfUnconsolidatedAffiliate Building Supply [Member] Building Supply [Member] Disposable Protective Apparel [Member] Disposable Protective Apparel [Member] Proceeds from sales of marketable securities Depreciation and amortization Depreciation and amortization Consolidated assets Total consolidated assets us-gaap_AssetsCurrent Total current assets Options exercisable, weighted average exercise price (in dollars per share) Options exercisable (in shares) Interest income, net Common stock, $.01 par value: 50,000,000 shares authorized; 13,281,018 and 13,502,684 shares outstanding as of March 31, 2019 and December 31, 2018, respectively Adjustments to reconcile net income to net cash used in operating activities: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice Options outstanding, weighted average exercise price (in dollars per share) Options outstanding, weighted average exercise price (in dollars per share) Common stock, shares authorized (in shares) Canceled/expired/forfeited, weighted average exercise price (in dollars per share) Common stock, par value (in dollars per share) Granted to employees and non-employee directors, weighted average exercise price (in dollars per share) Exercised, weighted average exercise price (in dollars per share) Accrued liabilities Lessee, Operating Leases [Text Block] Accounts payable Product and Service [Axis] us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber Options outstanding (in shares) Options outstanding (in shares) Product and Service [Domain] Investment, Name [Domain] Commissions and bonuses payable and general accrued liabilities us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod Canceled/expired/forfeited (in shares) Payroll expenses and taxes payable us-gaap_PolicyTextBlockAbstract Accounting Policies Investment, Name [Axis] Prepaid expenses us-gaap_DebtSecuritiesAvailableForSaleGainLoss Debt Securities, Available-for-sale, Gain (Loss), Total Consolidated long-lived assets us-gaap_NoncurrentAssets Geographical [Axis] us-gaap_DebtSecuritiesAvailableForSaleRealizedGain Debt Securities, Available-for-sale, Realized Gain Geographical [Domain] Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] Inventories Manufacturing Coated Material and Sewing Proprietary Disposable Protective Apparel [Member] Indicates a facility used for manufacturing coated material and sewing proprietary disposable protective apparel. Sewing Proprietary Disposable Protective Apparel [Member] Indicates a facility used for sewing proprietary disposable protective apparel. Net sales by geographic region Consolidated sales Net sales Manufacturing Building Products [Member] Indicates a facility used for manufacturing building products. Long-lived assets by geographic region us-gaap_PaymentsToAcquirePropertyPlantAndEquipment Purchase of property and equipment Add: dilutive effect of common stock options (in shares) Manufacturing Of Building Products [Member] Indicates a facility used for manufacturing of building products. Reconciliation of Assets from Segment to Consolidated [Table Text Block] Reconciliation of Revenue from Segments to Consolidated [Table Text Block] Current liabilities: Shares (denominator): us-gaap_Assets Assets, Total Total assets us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total us-gaap_OperatingLeaseExpense Operating Lease, Expense Cash Flows From Operating Activities: us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1 Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition Schedule of Segment Reporting Information, by Segment [Table Text Block] Revenue [Policy Text Block] Statement [Line Items] Accounts Receivable, allowance us-gaap_NumberOfOperatingSegments Number of Operating Segments Accounts receivable, net of allowance for doubtful accounts of $64,000 and $64,000 as of March 31, 2019 and December 31, 2018 Share-based Payment Arrangement [Text Block] Additional paid-in capital Shareholders' equity: us-gaap_NonoperatingIncomeExpense Total other income Segment Reporting Disclosure [Text Block] Current assets: Net income Consolidated net income Net income Definite-lived intangible assets, net us-gaap_Liabilities Liabilities, Total Total liabilities us-gaap_NetCashProvidedByUsedInFinancingActivities Net cash used in financing activities Commitments us-gaap_OperatingIncomeLoss Income from operations us-gaap_NetCashProvidedByUsedInOperatingActivities Net cash used in operating activities Other income: us-gaap_NetCashProvidedByUsedInInvestingActivities Net cash used in investing activities International Member International [Member] us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease Decrease in cash us-gaap_GrossProfit Gross profit Cost of goods sold, excluding depreciation and amortization Consolidation Items [Domain] Reportable Geographical Components [Member] us-gaap_EquityMethodInvestmentAggregateCost Equity Method Investment, Aggregate Cost Property and equipment, net Goodwill Consolidation Items [Axis] Accounting Standards Update 2016-02 [Member] us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment Equity Method Investment, Other than Temporary Impairment Type of Adoption [Domain] Harmony [Member] Information by name of investment. Adjustments for New Accounting Pronouncements [Axis] us-gaap_PaymentsOfDividends Payments of Dividends, Total Financial Information about Geographic Areas [Text Block] Entire disclosure for financial information about geographic areas. Equity Method Investments and Joint Ventures Disclosure [Text Block] us-gaap_EquityMethodInvestmentOwnershipPercentage Equity Method Investment, Ownership Percentage Cash Flows From Investing Activities: us-gaap_PaymentsForRepurchaseOfCommonStock Repurchase of common stock Earnings per common share: Retained Earnings [Member] Earnings Per Share [Text Block] Proceeds from exercise of stock options Equity investment in unconsolidated affiliate Equity in income of unconsolidated affiliate Income (Loss) from Equity Method Investments, Total Equity in income of unconsolidated affiliate us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities Accounts payable and accrued liabilities us-gaap_RelatedPartyTransactionAmountsOfTransaction Related Party Transaction, Amounts of Transaction us-gaap_EquityMethodInvestments Equity Method Investments Additional Paid-in Capital [Member] Common Stock [Member] Related Party Transactions Disclosure [Text Block] Provision for income taxes Provision for income taxes Equity Components [Axis] Equity Component [Domain] us-gaap_OperatingExpenses Total operating expenses Cash Cash, beginning of the period Cash, end of the period us-gaap_AllocatedShareBasedCompensationExpense Share-based Payment Arrangement, Expense apt_NumberOfStoresOwned Number Of Stores Owned Represents the number of stores owned. apt_NumberOfStoresRented Number Of Stores Rented Represents the number of stores rented. Amendment Flag Accounting Policies [Abstract] Significant Accounting Policies [Text Block] Basis of Accounting, Policy [Policy Text Block] INDIA Common stock, shares outstanding (in shares) Balance (in shares) Balance (in shares) Current Fiscal Year End Date Maple Industries and Associates [Member] Maple industries and associates [member us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent Operating Lease, Weighted Average Discount Rate, Percent Gain on marketable securities Gain on marketable securities Document Fiscal Period Focus Document Fiscal Year Focus Document Period End Date us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1 Operating Lease, Weighted Average Remaining Lease Term us-gaap_IncreaseDecreaseInPrepaidExpense Prepaid expenses Legal Entity of Counterparty, Type [Axis] Entity Emerging Growth Company Legal Entity Type of Counterparty [Domain] Document Type Entity Small Business Document Information [Line Items] Document Information [Table] us-gaap_NumberOfStores Number of Stores us-gaap_AreaOfRealEstateProperty Area of Real Estate Property Entity Filer Category Entity Current Reporting Status Segments [Axis] Segments [Domain] us-gaap_IncomeLossAttributableToParent Income before provision for income taxes Diluted weighted average common shares outstanding (in shares) Diluted weighted average common shares outstanding (in shares) us-gaap_IncreaseDecreaseInAccountsReceivable Accounts receivable, net Stock-based compensation expense Entity Central Index Key Entity Registrant Name Entity [Domain] Legal Entity [Axis] Statement [Table] Statement of Financial Position [Abstract] Diluted earnings per common share (in dollars per share) Diluted (in dollars per share) Basic weighted average common shares outstanding (in shares) Accounts Payable and Accrued Liabilities Disclosure [Text Block] us-gaap_IncreaseDecreaseInDueFromRelatedParties Accounts receivable, related party Basic earnings per common share (in dollars per share) Basic (in dollars per share) Statement of Cash Flows [Abstract] Entity Common Stock, Shares Outstanding (in shares) Investments Available-for-sale Securities, Current, Total Statement of Stockholders' Equity [Abstract] us-gaap_StockRepurchasedAndRetiredDuringPeriodValue Common stock repurchased and retired Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] us-gaap_StockRepurchasedAndRetiredDuringPeriodShares Common stock repurchased and retired (in shares) Income Statement [Abstract] Schedule of Accrued Liabilities [Table Text Block] us-gaap_IncreaseDecreaseInInventories Inventories Trading Symbol Nature of Operations [Text Block] Options exercised (in shares) Exercised (in shares) us-gaap_TableTextBlock Notes Tables Options exercised New Accounting Pronouncements and Changes in Accounting Principles [Text Block] Selling, general and administrative Granted to employees and non-employee directors (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross Cash Flows From Financing Activities: Raw materials us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital Proceeds from Equity Method Investment, Distribution, Return of Capital us-gaap_LiabilitiesAndStockholdersEquity Total liabilities and shareholders' equity Deferred income tax liabilities, net Finished goods Work in process UNITED STATES Corporate, Non-Segment [Member] Accounts receivable, related party Retained earnings Changes in assets and liabilities: us-gaap_StockholdersEquity Total shareholders' equity Balance Balance us-gaap_DisclosureTextBlockAbstract Notes to Financial Statements Inventory Disclosure [Text Block] Lease liabilities, net of current portion Schedule of Inventory, Current [Table Text Block] Class of Stock [Axis] Total Lease liabilities Operating Lease, Liability, Total Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Lease liabilities Right-of-use assets Amount of lessee's right to use underlying asset under operating lease, current. Right-of-use assets, net of current portion Amount of lessee's right to use underlying asset under operating lease, net of current portion. Subsequent Events [Text Block] Operating Segments [Member] us-gaap_AvailableForSaleDebtSecuritiesGrossUnrealizedLoss Debt Securities, Available-for-sale, Unrealized Loss us-gaap_EquityMethodInvestmentDividendsOrDistributions Proceeds from Equity Method Investment, Distribution us-gaap_OperatingLeaseRightOfUseAsset Operating Lease, Right-of-Use Asset us-gaap_AvailableForSaleDebtSecuritiesGrossUnrealizedGain Debt Securities, Available-for-sale, Unrealized Gain us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue Total future minimum lease payments us-gaap_FinanceLeaseLiability Finance Lease, Liability, Total Operating lease expense, net of accretion Represents the amount of operating lease expense, net of accretion during the period. us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount Less imputed interest apt_IncreaseDecreaseInOperatingLeaseLiability Lease liabilities The increase (decrease) during the reporting period operating lease liabilities. 2021 2022 2023 Thereafter EX-101.PRE 11 apt-20190331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.19.1
Document And Entity Information - shares
3 Months Ended
Mar. 31, 2019
May 01, 2019
Document Information [Line Items]    
Entity Registrant Name ALPHA PRO TECH LTD  
Entity Central Index Key 0000884269  
Trading Symbol apt  
Current Fiscal Year End Date --12-31  
Entity Filer Category Non-accelerated Filer  
Entity Current Reporting Status Yes  
Entity Emerging Growth Company false  
Entity Small Business true  
Entity Common Stock, Shares Outstanding (in shares)   13,281,016
Document Type 10-Q  
Document Period End Date Mar. 31, 2019  
Document Fiscal Year Focus 2019  
Document Fiscal Period Focus Q1  
Amendment Flag false  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
[1]
Current assets:    
Cash $ 4,488,000 $ 7,007,000
Investments 417,000 258,000
Accounts receivable, net of allowance for doubtful accounts of $64,000 and $64,000 as of March 31, 2019 and December 31, 2018 7,202,000 4,935,000
Accounts receivable, related party 837,000 383,000
Inventories 10,407,000 9,878,000
Right-of-use assets 668,000
Prepaid expenses 2,697,000 3,999,000
Total current assets 26,716,000 26,460,000
Property and equipment, net 3,271,000 3,244,000
Goodwill 55,000 55,000
Definite-lived intangible assets, net 15,000 16,000
Right-of-use assets, net of current portion 2,583,000
Equity investment in unconsolidated affiliate 4,757,000 4,480,000
Total assets 37,397,000 34,255,000
Current liabilities:    
Accounts payable 743,000 578,000
Accrued liabilities 632,000 1,342,000
Lease liabilities 663,000
Total current liabilities 2,038,000 1,920,000
Lease liabilities, net of current portion 2,632,000
Deferred income tax liabilities, net 141,000 141,000
Total liabilities 4,811,000 2,061,000
Commitments
Shareholders' equity:    
Common stock, $.01 par value: 50,000,000 shares authorized; 13,281,018 and 13,502,684 shares outstanding as of March 31, 2019 and December 31, 2018, respectively 133,000 135,000
Additional paid-in capital 1,845,000 2,669,000
Retained earnings 30,608,000 29,390,000
Total shareholders' equity 32,586,000 32,194,000
Total liabilities and shareholders' equity $ 37,397,000 $ 34,255,000
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
[1]
Accounts Receivable, allowance $ 64,000 $ 64,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 50,000,000 50,000,000
Common stock, shares outstanding (in shares) 13,281,018 13,502,684
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 12,304,000 $ 11,442,000
Cost of goods sold, excluding depreciation and amortization 7,500,000 6,987,000
Gross profit 4,804,000 4,455,000
Operating expenses:    
Selling, general and administrative 3,675,000 3,881,000
Depreciation and amortization 127,000 146,000
Total operating expenses 3,802,000 4,027,000
Income from operations 1,002,000 428,000
Other income:    
Equity in income of unconsolidated affiliate 277,000 139,000
Gain on marketable securities 170,000 32,000
Interest income, net 12,000 1,000
Total other income 459,000 172,000
Income before provision for income taxes 1,461,000 600,000
Provision for income taxes 243,000 92,000
Net income $ 1,218,000 $ 508,000
Basic earnings per common share (in dollars per share) $ 0.09 $ 0.04
Diluted earnings per common share (in dollars per share) $ 0.09 $ 0.04
Basic weighted average common shares outstanding (in shares) 13,391,992 14,217,919
Diluted weighted average common shares outstanding (in shares) 13,469,497 14,383,005
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - 3 months ended Mar. 31, 2019 - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2018 13,502,684     13,502,684 [1]
Balance at Dec. 31, 2018 $ 135,000 $ 2,669,000 $ 29,390,000 $ 32,194,000 [2]
Common stock repurchased and retired (in shares) (255,000)      
Common stock repurchased and retired $ (2,000) (1,006,000) (1,008,000)
Stock-based compensation expense 122,000 $ 122,000
Options exercised (in shares) 33,334     33,334
Options exercised 60,000 $ 60,000
Net income 1,218,000 $ 1,218,000
Balance (in shares) at Mar. 31, 2019 13,281,018     13,281,018
Balance at Mar. 31, 2019 $ 133,000 $ 1,845,000 $ 30,608,000 $ 32,586,000
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
[2] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net income $ 1,218,000 $ 508,000
Adjustments to reconcile net income to net cash used in operating activities:    
Stock-based compensation 122,000 78,000
Depreciation and amortization 127,000 146,000
Gain on marketable securities (170,000) (32,000)
Equity in income of unconsolidated affiliate (277,000) (139,000)
Operating lease expense, net of accretion 164,000
Changes in assets and liabilities:    
Accounts receivable, net (2,267,000) (1,866,000)
Accounts receivable, related party (454,000) (20,000)
Inventories (529,000) (386,000)
Prepaid expenses 1,302,000 (790,000)
Accounts payable and accrued liabilities (505,000) 5,000
Lease liabilities (160,000)
Net cash used in operating activities (1,429,000) (2,496,000)
Cash Flows From Investing Activities:    
Purchase of property and equipment (152,000) (102,000)
Proceeds from sales of marketable securities 10,000
Net cash used in investing activities (142,000) (102,000)
Cash Flows From Financing Activities:    
Proceeds from exercise of stock options 60,000 77,000
Repurchase of common stock (1,008,000) (576,000)
Net cash used in financing activities (948,000) (499,000)
Decrease in cash (2,519,000) (3,097,000)
Cash, beginning of the period 7,007,000 [1] 8,763,000
Cash, end of the period $ 4,488,000 $ 5,666,000
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Note 1 - The Company
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Nature of Operations [Text Block]
1.
The Company
 
Alpha Pro Tech, Ltd. (“Alpha Pro Tech” or the “Company”) is in the business of protecting people, products and environments. The Company accomplishes this by developing, manufacturing and marketing a line of building supply products for the new home and re-roofing markets and a line of disposable protective apparel for the cleanroom, industrial pharmaceutical medical and dental markets.
 
The Building Supply segment consists of construction weatherization products, such as housewrap and synthetic roof underlayment, as well as other woven material.
 
The Disposable Protective Apparel segment consists of a complete line of disposable protective clothing (shoecovers, bouffant caps, coveralls, gowns, frocks and lab coats), face masks and face shields. Previously, face masks and face shields were included in a separate business segment called Infection Control. All our disposable protective apparel, including masks and shields, are sold through similar distribution channels, are single-use and disposable, have the purpose of protecting people, products and environments, and have to be produced in FDA approved facilities, regardless of the market served. For these reasons, the Infection Control segment was combined with the Disposable Protective Apparel segment during the quarter ended
March 31, 2019.
The disclosures herein reflect this current segmentation.
 
The Company’s products are sold under the "Alpha Pro Tech" brand name and under private label, and are predominantly sold in the United States of America (“US”).
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Note 2 - Basis of Presentation and Revenue Recognition Policy
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Significant Accounting Policies [Text Block]
2.
Basis of Presentation
and Revenue Recognition
P
olicy
 
The interim financial information included herein is unaudited; however, the information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for the fair presentation of the consolidated financial position, results of operations and cash flows for the interim periods. These interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, omit certain information and note disclosures necessary to present the statements in accordance with US generally accepted accounting principles (“US GAAP”). The interim condensed consolidated financial statements should be read in conjunction with the Company’s current year SEC filings on Form
8
-K as well as the consolidated financial statements for the year ended
December 31, 2018,
which are included in the Company’s Annual Report on Form
10
-K (the
“2018
Form
10
-K”), which was filed on
March 6, 2019.
The results of operations for the
three
months ended
March 31, 2019
reported in this Form
10
-Q are
not
necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet as of
December 31, 2018
was prepared using information from the audited consolidated balance sheet contained in the
2018
Form
10
-K and does
not
include all disclosures required by US GAAP for annual consolidated financial statements.
 
As of
January 1, 2018,
the Company adopted the new accounting standard, Accounting Standards Codification (“ASC”)
606,
Revenue from Contracts with Customers
. This standard was retrospectively adopted for the
2017
year, and there was
no
cumulative effect adjustment upon adoption. Net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. Revenue is measured as the amount of consideration that we expect to receive in exchange for transferring products. All revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue by transferring the promised products to the customer, with revenue being recognized at the point in time when the customer obtains control of the products, at which time a receivable is created for the invoice sent to the customer. We recognize revenue for shipping and handling charges at the time the products are delivered to or picked up by the customer. We estimate product returns based on historical return rates and rebates based upon contractual agreements. Using probability assessments, we estimate sales incentives expected to be paid over the term of the contract. Our contracts have a single performance obligation. Sales taxes and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. The Company manufactures certain private label goods for customers and has determined that control does
not
pass to the customer at the time of manufacture, based upon the nature of the private labelling. The Company had
no
material contract assets, and the Company concluded that its contract liabilities (mostly rebates) had the right of offset against customer receivables. See Notes
10
and
11
for revenue disaggregated by type and by geographic region.
 
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Note 3 - Stock-based Compensation
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Share-based Payment Arrangement [Text Block]
3.
S
tock
-
Based Compensation
 
The Company maintains a stock option plan under which the Company
may
grant incentive stock options and non-qualified stock options to employees and non-employee directors. Stock options have been granted with exercise prices at or above the fair market value of the underlying shares of common stock on the date of grant. Options vest and expire according to terms established at the grant date.
 
The Company records compensation expense for the fair value of stock-based awards determined as of the grant date, including employee stock options, over the determined requisite service period, which is generally ratably over the vesting term.
 
For the
three
months ended
March 31, 2019
and
2018,
310,000
and
289,750
respectively, of stock options were granted under the Company’s option plan. The Company recognized
$122,000
and
$78,000
in stock-based compensation expense for the
three
months ended
March 31, 2019
and
2018,
respectively.
 
The Company uses the Black-Scholes option-pricing model to value the options. The Company uses historical data to estimate the expected life of the options. The risk-free interest rate for periods within the contractual life of an award is based on the US Treasury yield curve in effect at the time of grant. The estimated volatility is based on historical volatility and management’s expectations of future volatility. The Company uses an estimated dividend payout of zero, as the Company has
not
paid dividends in the past and, at this time, does
not
expect to do so in the future. The Company accounts for option forfeitures as they occur.
 
The following table summarizes stock option activity for the
three
months ended
March 31, 2019:
 
   
 
 
 
 
Weighted
 
   
 
 
 
 
Average
 
   
 
 
 
 
Exercise Price
 
   
Options
   
Per Option
 
                 
Options outstanding, December 31, 2018
   
1,022,913
    $
2.69
 
Granted to employees and non-employee directors
   
310,000
     
3.62
 
Exercised
   
(33,334
)    
1.80
 
Canceled/expired/forfeited
   
-
     
0.00
 
Options outstanding, March 31, 2019
   
1,299,579
     
2.93
 
Options exercisable, March 31, 2019
   
461,751
     
2.50
 
 
As of
March 31, 2019,
$863,000
of total unrecognized compensation cost related to stock options was expected to be recognized over a weighted average period of
2.30.
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.19.1
Note 4 - Investments
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
4.
Investments
 
As of
March 31, 2019
and
December 31, 2018,
investments totaled
$417,000
and
$258,000,
respectively, which consisted of equity securities. Certain marketable securities were sold during the
three
months ended
March 31, 2019
and
none
were sold during the
three
months ended
March 31, 2018.
The total gain on marketable securities during the
three
months ended
March 31, 2019
and
March 31, 2018
was
$170,000
and
$32,000
respectively. The gain for the
three
months ended
March 31, 2019
was due to an unrealized gain of
$167,000
and a realized gain of
$3,000.
The gain for the
three
months ended
March 31, 2018
was due to an unrealized gain of
$32,000.
 
XML 22 R11.htm IDEA: XBRL DOCUMENT v3.19.1
Note 5 - Recent Accounting Pronouncements
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]
5.
Recent Accounting Pronouncements
 
In
February 2016,
the FASB issued ASU
2016
-
02,
Leases, which introduces the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous guidance. The update is effective for annual reporting periods beginning after
December 15, 2018,
including interim periods within those reporting periods, with early adoption permitted. The original guidance required application on a modified retrospective basis with the earliest period presented. In
August 2018,
the FASB issued ASU
2018
-
11,
Targeted Improvements to ASC
842,
which includes an option to
not
restate comparative periods in transition and elect to use the effective date of ASC
842,
Leases, as the date of initial application of transition. Based on the effective date, the Company adopted this ASU beginning on
January 1, 2019
and elected the transition option provided under ASU
2018
-
11.
This standard had a material effect on our consolidated balance sheet with the recognition of new right of use assets and lease liabilities for all operating leases, as these leases typically have a non-cancelable lease term of greater than
one
year. Upon adoption, both assets and liabilities on our consolidated balance sheets increased by approximately
$3,455,000.
The Company elected a package of transition practical expedients which include
not
reassessing whether any expired or existing contracts are or contain leases,
not
reassessing the lease classification of expired or existing leases, and
not
reassessing initial direct costs for existing leases. The Company also elected a practical expedient to
not
separate lease and non-lease components. The Company did
not
elect the practical expedient to use hindsight in determining the lease terms or assessing impairment of the Right-of-Use (‘ROU”) assets. See Note
13.
Leases for more information.
 
In
June 2016,
the FASB issued ASU
2016
-
13
Financial Instruments - Credit Losses (Topic
326
): Measurement of Credit Losses on Financial Instruments. ASU
2016
-
13
requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. ASU
2016
-
13
is effective for public entities for the annual periods, including interim periods within those annual periods, beginning after
December 15, 2019.
This guidance is applicable to the Company’s fiscal year beginning
January 1, 2020.
Management is currently evaluating the requirements of this guidance and has
not
yet determined the impact on the adoption of the Company’s financial position or results from operations.
 
In
June 2018,
the FASB issued ASU
No.
2018
-
07,
Compensation - Stock Compensation (Topic
718
), Improvements to Nonemployee Share-Based Payment Accounting. This ASU is intended to simplify aspects of share-based compensation issued to non-employees by making the guidance consistent with accounting for employee share-based compensation. ASU
2018
-
07
is effective for annual periods beginning after
December 15, 2018
and interim periods within those annual periods, with early adoption permitted but
no
earlier than an entity’s adoption date of ASC Topic
606.
The new guidance is required to be applied retrospectively with the cumulative effect recognized at the date of initial application. The Company adopted the provisions of this ASU in the
first
quarter of
2019.
Adoption of the new standard did
not
have a material impact on our consolidated financial statements.
 
Management periodically reviews new accounting standards that are issued. Management has
not
identified any other new standards that it believes merit further discussion at this time.
 
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Note 6 - Inventories
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Inventory Disclosure [Text Block]
6.
Inventories
 
As of
March 31, 2019
and
December 31, 2018,
inventories consisted of the following:
 
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
                 
Raw materials
  $
4,784,000
    $
4,732,000
 
Work in process
   
1,144,000
     
825,000
 
Finished goods
   
4,479,000
     
4,321,000
 
    $
10,407,000
    $
9,878,000
 
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Note 7 - Equity Investment in Unconsolidated Affiliate
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Equity Method Investments and Joint Ventures Disclosure [Text Block]
7
.
Equity
I
nvestment in Unconsolidated Affiliate
 
In
2005,
Alpha ProTech Engineered Products, Inc. (a subsidiary of Alpha Pro Tech, Ltd.) entered into a joint venture with a manufacturer in India, Maple Industries, for the production of building products. Under the terms of the joint venture agreement, a private company, Harmony Plastics Private Limited (“Harmony”), was created with ownership interests of
41.66%
owned by Alpha ProTech Engineered Products, Inc. and
58.34%
owned by Maple Industries and Associates.
 
This joint venture positions Alpha ProTech Engineered Products, Inc. to respond to current and expected increased product demand for housewrap and synthetic roof underlayment and provides future capacity for sales of specialty roofing component products and custom products for industrial applications requiring high quality extrusion coated fabrics. In addition, the joint venture now supplies products for the Disposable Protective Apparel segment.
 
The capital from the initial funding and a bank loan, which loan is guaranteed exclusively by the individual shareholders of Maple Industries and associates and collateralized by the assets of Harmony, were utilized to purchase the original manufacturing facility in India. Harmony currently has
four
facilities in India (
three
owned and
one
rented), consisting of: (
1
) a
113,000
square foot building for manufacturing building products; (
2
) a
73,000
square foot building for manufacturing coated material and sewing proprietary disposable protective apparel; (
3
) a
16,000
square foot facility for sewing proprietary disposable protective apparel; and (
4
) a
93,000
square foot rental for manufacturing Building Supply segment products. All additions have been financed by Harmony with
no
guarantees from the Company.
 
In accordance with Accounting Standards Codification (“ASC”)
810,
Consolidation, the Company assesses whether or
not
related entities are variable interest entities (“VIEs”). For those related entities that qualify as VIEs, ASC
810
requires the Company to determine whether or
not
the Company is the primary beneficiary of the VIE, and, if so, to consolidate the VIE. The Company has determined that Harmony is
not
a VIE and is, therefore, considered to be an unconsolidated affiliate.
 
The Company records its investment in Harmony as “equity investment in unconsolidated affiliate” in the accompanying condensed consolidated balance sheets. The Company records its equity interest in Harmony’s results of operations as “equity in income of unconsolidated affiliate” in the accompanying condensed consolidated statements of income. The Company periodically reviews its investment in Harmony for impairment. Management has determined that
no
impairment was required as of
March 31, 2019
and
December 31, 2018.
 
For the
three
months ended
March 31, 2019
and
2018,
Alpha Pro Tech purchased
$5,274,000
and
$3,974,000
of inventories, respectively, from Harmony.
 
For the
three
months ended
March 31, 2019
and
2018,
the Company recorded equity in income of unconsolidated affiliate of
$277,000
and
$139,000,
respectively, related to Harmony.
 
As of
March 31, 2019,
the Company’s investment in Harmony was
$4,757,000,
which consisted of its original
$1,450,000
investment and cumulative equity in income of unconsolidated affiliate of
$4,326,000,
less
$942,000
in repayments of the advance and
$77,000
in dividends.
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Note 8 - Accrued Liabilities
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
8
.
Accrued Liabilities
 
As of
March 31, 2019
and
December 31, 2018,
accrued liabilities consisted of the following:
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
                 
Payroll expenses and taxes payable
  $
127,000
    $
269,000
 
Commissions and bonuses payable and general accrued liabilities
   
505,000
     
1,073,000
 
    $
632,000
    $
1,342,000
 
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Note 9 - Basic and Diluted Earnings Per Common Share
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
9
.
Basic and Diluted
Earnings
Per
Common
Share
 
The following table provides a reconciliation of both net income and the number of shares used in the computation of “basic” earnings per common share (“EPS”), which utilizes the weighted average number of common shares outstanding without regard to dilutive shares, and “diluted” EPS, which includes all such dilutive shares, for the
three
months ended
March 31, 2019
and
2018.
 
   
For the Three Months Ended
 
   
March 31,
 
   
2019
   
2018
 
Net income (numerator)
  $
1,218,000
    $
508,000
 
                 
Shares (denominator):
               
Basic weighted average common shares outstanding
   
13,391,992
     
14,217,919
 
Add: dilutive effect of common stock options
   
77,505
     
165,086
 
                 
Diluted weighted average common shares outstanding
   
13,469,497
     
14,383,005
 
                 
Earnings per common share:
               
Basic
  $
0.09
    $
0.04
 
Diluted
  $
0.09
    $
0.04
 
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Activity of Business Segments
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
10
.
Activity of Business Segments
 
The Company operates through
two
business segments:
 
(
1
)
Building Supply
: consisting of a line of construction supply weatherization products. The construction supply weatherization products consist of housewrap and synthetic roof underlayment, as well as other woven material. The majority of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Building Supply segment.
 
(
2
)
Disposable Protective Apparel
: consisting of a complete line of disposable protective clothing, including shoecovers (including the Aqua Trak® and spunbond shoecovers), bouffant caps, coveralls, frocks, lab coats, gowns, hoods, as well as face masks and face shields for the pharmaceutical, cleanroom, industrial, medical and dental markets. A portion of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Disposable Protective Apparel segment.
 
Previously, face masks and face shields were included in a separate business segment called Infection Control. All our disposable protective apparel, including face masks and face shields, are sold through similar distribution channels, are single-use, and disposable, have the purpose of protecting people, products and environments, and have to be produced in Food and Drug Administration (“FDA”) approved facilities, regardless of the market served. Based on these similarities, we determined it would be best to consolidate the Infection Control segment into the Disposable Protective Apparel segment.   
 
Segment data excludes charges allocated to the principal executive office and other unallocated corporate overhead expenses and income tax. The Company evaluates the performance of its segments and allocates resources to them based primarily on net sales.
 
The following table presents consolidated net sales for each segment for the
three
months ended
March 31, 2019
and
2018:
 
   
For the Three Months Ended
 
   
March 31,
 
   
2019
   
2018
 
Building Supply
  $
6,498,000
    $
6,669,000
 
Disposable Protective Apparel
   
5,806,000
     
4,773,000
 
Consolidated net sales
  $
12,304,000
    $
11,442,000
 
 
 
The following table presents the reconciliation of consolidated segment income to consolidated net income for the
three
months ended
March 31, 2019
and
2018:
 
   
For the Three Months Ended
 
   
March 31,
 
   
2019
   
2018
 
Building Supply
  $
908,000
    $
994,000
 
Disposable Protective Apparel
   
1,423,000
     
1,023,000
 
Total segment income
   
2,331,000
     
2,017,000
 
                 
Unallocated corporate overhead expenses
   
870,000
     
1,417,000
 
Provision for income taxes
   
243,000
     
92,000
 
Consolidated net income
  $
1,218,000
    $
508,000
 
 
 
The following table presents the consolidated net property and equipment, goodwill and net definite-lived intangible assets (“consolidated assets”) by segment as of
March 31, 2019
and
December 31, 2018:
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
                 
Building Supply
  $
1,929,000
    $
1,908,000
 
Disposable Protective Apparel
   
390,000
     
400,000
 
Total segment assets
   
2,319,000
     
2,308,000
 
                 
Unallocated corporate assets
   
1,022,000
     
1,007,000
 
Total consolidated assets
  $
3,341,000
    $
3,315,000
 
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.19.1
Note 11 - Financial Information about Geographic Areas
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Financial Information about Geographic Areas [Text Block]
11.
Financial
Information about Geographic Areas
 
The following table summarizes the Company’s net sales by geographic region for the
three
months ended
March 31, 2019
and
2018.
 
   
For the Three Months Ended
 
   
March 31,
 
   
2019
   
2018
 
Net sales by geographic region
               
United States
  $
12,040,000
    $
11,198,000
 
International
   
264,000
     
244,000
 
                 
Consolidated net sales
  $
12,304,000
    $
11,442,000
 
 
 
Net sales by geographic region are based on the countries in which our customers are located. For the
three
months ended
March 31, 2019
and
2018,
the Company did
not
generate sales from any single country, other than the United States, that were significant to the Company’s consolidated net sales.
 
The following table summarizes the locations of the Company’s long-lived assets by geographic region as of
March 31, 2019
and
December 31, 2018.
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
Long-lived assets by geographic region
               
United States
  $
2,538,000
    $
2,528,000
 
International
   
733,000
     
716,000
 
                 
Consolidated total long-lived assets
  $
3,271,000
    $
3,244,000
 
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.19.1
Note 12 - Related Party Transactions
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
1
2
.
Related Party Transactions
 
The Company has
no
related party transactions other than the Company’s transactions with its non-consolidated affiliated Harmony Plastics Private Limited. See “Note
7
-Equity Investment in Unconsolidated Affiliate”.
 
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Note 13 - Leases
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]
13
.
Leases
 
We have operating leases for our corporate office and manufacturing facilities, which expire at various dates through 
2024.
Our primary operating lease commitments at 
March 
31,
2019
 are related to our manufacturing facilities in Valdosta, Georgia; Nogales, Arizona and Salt Lake City, Utah; as well as corporate headquarters in Markham, Canada.
 
As of 
March 
31,
2019,
we had operating lease ROU assets of 
$3,251,000
 and operating lease liabilities of 
$3,295,000.
As of 
March 
31,
2019,
we did
not
have any finance leases recorded on our condensed consolidated balance sheet. Operating lease expense was approximately 
$201,000
 during the 
three
months ended
March 31, 2019.
 
The aggregate future minimum lease payments and reconciliation to lease liabilities as of 
March 
31,
2019,
are as follows:
 
   
March 31,
 
   
2019
 
Remaining nine months of 2019
  $
594,000
 
2020
   
797,000
 
2021
   
776,000
 
2022
   
670,000
 
2023
   
676,000
 
Thereafter
   
135,000
 
Total future minimum lease payments
   
3,648,000
 
Less imputed interest
   
(353,000
)
Total Lease liabilities
  $
3,295,000
 
 
As of
March 31, 2019,
our weighted average remaining lease term was 
4.7
 years. During the
three
months ended
March 31, 2019,
our weighted average discount rate was 
4.32%.
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.19.1
Note 14 - Subsequent Events
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Subsequent Events [Text Block]
14
.
Subsequent Events
 
The Company has reviewed and evaluated whether subsequent events have occurred from the condensed consolidated balance sheet date of
March 31, 2019
through the filing date of this Quarterly Report on Form
10
-Q that would require accounting or disclosure and has concluded that there are
no
such subsequent events.
 
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
The interim financial information included herein is unaudited; however, the information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for the fair presentation of the consolidated financial position, results of operations and cash flows for the interim periods. These interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, omit certain information and note disclosures necessary to present the statements in accordance with US generally accepted accounting principles (“US GAAP”). The interim condensed consolidated financial statements should be read in conjunction with the Company’s current year SEC filings on Form
8
-K as well as the consolidated financial statements for the year ended
December 31, 2018,
which are included in the Company’s Annual Report on Form
10
-K (the
“2018
Form
10
-K”), which was filed on
March 6, 2019.
The results of operations for the
three
months ended
March 31, 2019
reported in this Form
10
-Q are
not
necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet as of
December 31, 2018
was prepared using information from the audited consolidated balance sheet contained in the
2018
Form
10
-K and does
not
include all disclosures required by US GAAP for annual consolidated financial statements.
Revenue [Policy Text Block]
As of
January 1, 2018,
the Company adopted the new accounting standard, Accounting Standards Update (“ASU”)
606,
Revenue from Contracts with Customers
. This standard was retrospectively adopted for the
2017
year, and there was
no
cumulative effect adjustment upon adoption. Net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. Revenue is measured as the amount of consideration that we expect to receive in exchange for transferring products. All revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue by transferring the promised products to the customer, with revenue being recognized at the point in time when the customer obtains control of the products, at which time a receivable is created for the invoice sent to the customer. We recognize revenue for shipping and handling charges at the time the products are delivered to or picked up by the customer. We estimate product returns based on historical return rates and rebates based upon contractual agreements. Using probability assessments, we estimate sales incentives expected to be paid over the term of the contract. Our contracts have a single performance obligation. Sales taxes and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. The Company manufactures certain private label goods for customers and has determined that control does
not
pass to the customer at the time of manufacture, based upon the nature of the private labelling. The Company had
no
material contract assets, and the Company concluded that its contract liabilities (mostly rebates) had the right of offset against customer receivables. See Notes
10
and
11
for revenue disaggregated by type and by geographic region.
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.19.1
Note 3 - Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Notes Tables  
Share-based Payment Arrangement, Option, Activity [Table Text Block]
   
 
 
 
 
Weighted
 
   
 
 
 
 
Average
 
   
 
 
 
 
Exercise Price
 
   
Options
   
Per Option
 
                 
Options outstanding, December 31, 2018
   
1,022,913
    $
2.69
 
Granted to employees and non-employee directors
   
310,000
     
3.62
 
Exercised
   
(33,334
)    
1.80
 
Canceled/expired/forfeited
   
-
     
0.00
 
Options outstanding, March 31, 2019
   
1,299,579
     
2.93
 
Options exercisable, March 31, 2019
   
461,751
     
2.50
 
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.19.1
Note 6 - Inventories (Tables)
3 Months Ended
Mar. 31, 2019
Notes Tables  
Schedule of Inventory, Current [Table Text Block]
   
March 31,
   
December 31,
 
   
2019
   
2018
 
                 
Raw materials
  $
4,784,000
    $
4,732,000
 
Work in process
   
1,144,000
     
825,000
 
Finished goods
   
4,479,000
     
4,321,000
 
    $
10,407,000
    $
9,878,000
 
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.19.1
Note 8 - Accrued Liabilities (Tables)
3 Months Ended
Mar. 31, 2019
Notes Tables  
Schedule of Accrued Liabilities [Table Text Block]
   
March 31,
   
December 31,
 
   
2019
   
2018
 
                 
Payroll expenses and taxes payable
  $
127,000
    $
269,000
 
Commissions and bonuses payable and general accrued liabilities
   
505,000
     
1,073,000
 
    $
632,000
    $
1,342,000
 
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.19.1
Note 9 - Basic and Diluted Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2019
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   
For the Three Months Ended
 
   
March 31,
 
   
2019
   
2018
 
Net income (numerator)
  $
1,218,000
    $
508,000
 
                 
Shares (denominator):
               
Basic weighted average common shares outstanding
   
13,391,992
     
14,217,919
 
Add: dilutive effect of common stock options
   
77,505
     
165,086
 
                 
Diluted weighted average common shares outstanding
   
13,469,497
     
14,383,005
 
                 
Earnings per common share:
               
Basic
  $
0.09
    $
0.04
 
Diluted
  $
0.09
    $
0.04
 
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Activity of Business Segments (Tables)
3 Months Ended
Mar. 31, 2019
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
   
For the Three Months Ended
 
   
March 31,
 
   
2019
   
2018
 
Building Supply
  $
6,498,000
    $
6,669,000
 
Disposable Protective Apparel
   
5,806,000
     
4,773,000
 
Consolidated net sales
  $
12,304,000
    $
11,442,000
 
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
   
For the Three Months Ended
 
   
March 31,
 
   
2019
   
2018
 
Building Supply
  $
908,000
    $
994,000
 
Disposable Protective Apparel
   
1,423,000
     
1,023,000
 
Total segment income
   
2,331,000
     
2,017,000
 
                 
Unallocated corporate overhead expenses
   
870,000
     
1,417,000
 
Provision for income taxes
   
243,000
     
92,000
 
Consolidated net income
  $
1,218,000
    $
508,000
 
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
   
March 31,
   
December 31,
 
   
2019
   
2018
 
                 
Building Supply
  $
1,929,000
    $
1,908,000
 
Disposable Protective Apparel
   
390,000
     
400,000
 
Total segment assets
   
2,319,000
     
2,308,000
 
                 
Unallocated corporate assets
   
1,022,000
     
1,007,000
 
Total consolidated assets
  $
3,341,000
    $
3,315,000
 
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.1
Note 11 - Financial Information about Geographic Areas (Tables)
3 Months Ended
Mar. 31, 2019
Notes Tables  
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
   
For the Three Months Ended
 
   
March 31,
 
   
2019
   
2018
 
Net sales by geographic region
               
United States
  $
12,040,000
    $
11,198,000
 
International
   
264,000
     
244,000
 
                 
Consolidated net sales
  $
12,304,000
    $
11,442,000
 
   
March 31,
   
December 31,
 
   
2019
   
2018
 
Long-lived assets by geographic region
               
United States
  $
2,538,000
    $
2,528,000
 
International
   
733,000
     
716,000
 
                 
Consolidated total long-lived assets
  $
3,271,000
    $
3,244,000
 
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Note 13 - Leases (Tables)
3 Months Ended
Mar. 31, 2019
Notes Tables  
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
   
March 31,
 
   
2019
 
Remaining nine months of 2019
  $
594,000
 
2020
   
797,000
 
2021
   
776,000
 
2022
   
670,000
 
2023
   
676,000
 
Thereafter
   
135,000
 
Total future minimum lease payments
   
3,648,000
 
Less imputed interest
   
(353,000
)
Total Lease liabilities
  $
3,295,000
 
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Note 3 - Stock-based Compensation (Details Textual) - USD ($)
xbrli-pure in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross 310,000 289,750
Share-based Payment Arrangement, Expense $ 122,000 $ 78,000
Payments of Dividends, Total $ 0  
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate 0.00%  
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total $ 863,000  
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition 2 years 109 days  
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.19.1
Note 3 - Stock-based Compensation - Stock Option Activity (Details) - $ / shares
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Options outstanding (in shares) 1,022,913  
Options outstanding, weighted average exercise price (in dollars per share) $ 2.69  
Granted to employees and non-employee directors (in shares) 310,000 289,750
Granted to employees and non-employee directors, weighted average exercise price (in dollars per share) $ 3.62  
Exercised (in shares) (33,334)  
Exercised, weighted average exercise price (in dollars per share) $ 1.80  
Canceled/expired/forfeited (in shares)  
Canceled/expired/forfeited, weighted average exercise price (in dollars per share) $ 0  
Options outstanding (in shares) 1,299,579  
Options outstanding, weighted average exercise price (in dollars per share) $ 2.93  
Options exercisable (in shares) 461,751  
Options exercisable, weighted average exercise price (in dollars per share) $ 2.50  
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Note 4 - Investments (Details Textual) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
[1]
Available-for-sale Securities, Current, Total $ 417,000   $ 258,000
Proceeds from Sale and Maturity of Marketable Securities, Total   $ 0  
Debt Securities, Available-for-sale, Gain (Loss), Total 170,000 32,000  
Debt Securities, Available-for-sale, Unrealized Gain 167,000    
Debt Securities, Available-for-sale, Realized Gain $ 3,000    
Debt Securities, Available-for-sale, Unrealized Loss   $ 32,000  
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.19.1
Note 5 - Recent Accounting Pronouncements (Details Textual) - USD ($)
Mar. 31, 2019
Jan. 01, 2019
Dec. 31, 2018
[1]
Assets, Total $ 37,397,000   $ 34,255,000
Liabilities, Total $ 4,811,000   $ 2,061,000
Accounting Standards Update 2016-02 [Member]      
Assets, Total   $ 3,455,000  
Liabilities, Total   $ 3,455,000  
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.19.1
Note 6 - Inventories - Inventories (Details) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Raw materials $ 4,784,000 $ 4,732,000
Work in process 1,144,000 825,000
Finished goods 4,479,000 4,321,000
$ 10,407,000 $ 9,878,000 [1]
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.19.1
Note 7 - Equity Investment in Unconsolidated Affiliate (Details Textual)
3 Months Ended 12 Months Ended 159 Months Ended
Mar. 31, 2019
USD ($)
ft²
Mar. 31, 2018
USD ($)
Dec. 31, 2018
USD ($)
Mar. 31, 2019
USD ($)
ft²
Dec. 31, 2005
Expense To Acquire Inventory $ 5,274,000 $ 3,974,000      
Income (Loss) from Equity Method Investments, Total $ 277,000 $ 139,000      
INDIA | Harmony [Member]          
Number of Stores 4     4  
Number Of Stores Owned 3     3  
Number Of Stores Rented 1     1  
INDIA | Harmony [Member] | Manufacturing Building Products [Member]          
Area of Real Estate Property | ft² 113,000     113,000  
INDIA | Harmony [Member] | Manufacturing Coated Material and Sewing Proprietary Disposable Protective Apparel [Member]          
Area of Real Estate Property | ft² 73,000     73,000  
INDIA | Harmony [Member] | Sewing Proprietary Disposable Protective Apparel [Member]          
Area of Real Estate Property | ft² 16,000     16,000  
INDIA | Harmony [Member] | Manufacturing Of Building Products [Member]          
Area of Real Estate Property | ft² 93,000     93,000  
Harmony [Member]          
Equity Method Investment, Other than Temporary Impairment $ 0   $ 0    
Equity Method Investments 4,757,000     $ 4,757,000  
Equity Method Investment, Aggregate Cost 1,450,000     1,450,000  
Cumulative Equity In Income Of Unconsolidated Affiliate $ 4,326,000     4,326,000  
Proceeds from Equity Method Investment, Distribution, Return of Capital       942,000  
Proceeds from Equity Method Investment, Distribution       $ 77,000  
Harmony [Member] | Alpha Pro Tech Engineered Products [Member]          
Equity Method Investment, Ownership Percentage         41.66%
Harmony [Member] | Maple Industries and Associates [Member]          
Equity Method Investment, Ownership Percentage         58.34%
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.19.1
Note 8 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Payroll expenses and taxes payable $ 127,000 $ 269,000
Commissions and bonuses payable and general accrued liabilities 505,000 1,073,000
$ 632,000 $ 1,342,000 [1]
[1] The condensed consolidated balance sheet as of December 31, 2018 has been prepared using information from the audited consolidated balance sheet as of that date.
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.19.1
Note 9 - Basic and Diluted Earnings Per Common Share - Reconciliation of Net Income and Number of Shares Used in Computations of Basic and Diluted EPS (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net income $ 1,218,000 $ 508,000
Shares (denominator):    
Basic weighted average common shares outstanding (in shares) 13,391,992 14,217,919
Add: dilutive effect of common stock options (in shares) 77,505 165,086
Diluted weighted average common shares outstanding (in shares) 13,469,497 14,383,005
Earnings per common share:    
Basic (in dollars per share) $ 0.09 $ 0.04
Diluted (in dollars per share) $ 0.09 $ 0.04
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Activity of Business Segments (Details Textual)
3 Months Ended
Mar. 31, 2019
Number of Operating Segments 2
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Activity of Business Segments - Consolidated Net Sales (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 12,304,000 $ 11,442,000
Building Supply [Member] | Operating Segments [Member]    
Net sales 6,498,000 6,669,000
Disposable Protective Apparel [Member] | Operating Segments [Member]    
Net sales $ 5,806,000 $ 4,773,000
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Activity of Business Segments - Reconciliation of Total Segment Income to Total Consolidated Net Income (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Consolidated net income $ 1,218,000 $ 508,000
Provision for income taxes 243,000 92,000
Operating Segments [Member]    
Consolidated net income 2,331,000 2,017,000
Operating Segments [Member] | Building Supply [Member]    
Consolidated net income 908,000 994,000
Operating Segments [Member] | Disposable Protective Apparel [Member]    
Consolidated net income 1,423,000 1,023,000
Corporate, Non-Segment [Member]    
Consolidated net income $ 870,000 $ 1,417,000
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Activity of Business Segments - Consolidated Net Property and Equipment, Goodwill and Intangible Assets (Details) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Consolidated assets $ 3,341,000 $ 3,315,000
Operating Segments [Member]    
Consolidated assets 2,319,000 2,308,000
Operating Segments [Member] | Building Supply [Member]    
Consolidated assets 1,929,000 1,908,000
Operating Segments [Member] | Disposable Protective Apparel [Member]    
Consolidated assets 390,000 400,000
Corporate, Non-Segment [Member]    
Consolidated assets $ 1,022,000 $ 1,007,000
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.19.1
Note 11 - Financial Information about Geographic Areas - Consolidated Net Sales and Long-lived Asset Information by Geographic Area (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Net sales by geographic region      
Consolidated sales $ 12,304,000 $ 11,442,000  
Long-lived assets by geographic region      
Consolidated long-lived assets 3,271,000   $ 3,244,000
Reportable Geographical Components [Member]      
Net sales by geographic region      
Consolidated sales 12,304,000    
UNITED STATES      
Long-lived assets by geographic region      
Consolidated long-lived assets 2,538,000   2,528,000
UNITED STATES | Reportable Geographical Components [Member]      
Net sales by geographic region      
Consolidated sales 12,040,000 11,198,000  
International Member      
Long-lived assets by geographic region      
Consolidated long-lived assets 733,000   $ 716,000
International Member | Reportable Geographical Components [Member]      
Net sales by geographic region      
Consolidated sales $ 264,000 $ 244,000  
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.19.1
Note 12 - Related Party Transactions (Details Textual)
$ in Thousands
3 Months Ended
Mar. 31, 2019
USD ($)
Related Party Transaction, Amounts of Transaction $ 0
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.19.1
Note 13 - Leases (Details Textual)
3 Months Ended
Mar. 31, 2019
USD ($)
Operating Lease, Right-of-Use Asset $ 3,251,000
Operating Lease, Liability, Total 3,295,000
Finance Lease, Liability, Total 0
Operating Lease, Expense $ 201,000
Operating Lease, Weighted Average Remaining Lease Term 4 years 255 days
Operating Lease, Weighted Average Discount Rate, Percent 4.32%
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.19.1
Note 13 - Leases - Future Minimum Lease Payment (Details)
Mar. 31, 2019
USD ($)
Remaining nine months of 2019 $ 594,000
2020 797,000
2021 776,000
2022 670,000
2023 676,000
Thereafter 135,000
Total future minimum lease payments 3,648,000
Less imputed interest (353,000)
Total Lease liabilities $ 3,295,000
EXCEL 56 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

    =H;=,XF(S,X*MF7]GJ A#S92#<%9P>6C,\\J%!@%V@A.3P!&[K.Q@>: M+&Z7*=PYX!MF(P0(#21/:M"TEPP,>:N9*RG,_Q),5'B!BSA:BQ0[:?NR?Y]TY:2"'G>?W+0=7SOT9"53'V8W MV6'K-*Z8/C-OY!.7RP+.8'T#=Q@CHMD;"&6L*:) )P>!T8,#?(&'Y/ M@K=<7_$2,;:S)@WVLU.GQ>"[)D!T'"U\2UM]W) ?34L:ZVCIFQL9!!C0$4L9 M2@HG>#]O#6-&00K)O*TW#P!/26ID 6*["HQSEAP]&@2R#@0VCK6^MHZ2FT2C MT('@MA;Q+323P''63OP3U!39[43"?M3J^*LPE6"N5.^SPU!$)7@;3CR7T!N2 M"'CG)ZP\HKADD>S=KUN/)/:KW_NUD_ANKH=93%TM520W+67XP@^RM*3/'[N. M@N9>DC=$1+H#^9>RLE)K 3

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how.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 58 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 59 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.1 html 53 164 1 true 20 0 false 5 false false R1.htm 000 - Document - Document And Entity Information Sheet http://www.alphaprotech.com/20190331/role/statement-document-and-entity-information Document And Entity Information Cover 1 false false R2.htm 001 - Statement - Condensed Consolidated Balance Sheets (Current Period Unaudited) Sheet http://www.alphaprotech.com/20190331/role/statement-condensed-consolidated-balance-sheets-current-period-unaudited Condensed Consolidated Balance Sheets (Current Period Unaudited) Statements 2 false false R3.htm 002 - Statement - Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) Sheet http://www.alphaprotech.com/20190331/role/statement-condensed-consolidated-balance-sheets-current-period-unaudited-parentheticals Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) Statements 3 false false R4.htm 003 - Statement - Condensed Consolidated Statements of Income (Unaudited) Sheet http://www.alphaprotech.com/20190331/role/statement-condensed-consolidated-statements-of-income-unaudited Condensed Consolidated Statements of Income (Unaudited) Statements 4 false false R5.htm 004 - Statement - Condensed Consolidated Statement of Shareholders' Equity (Unaudited) Sheet http://www.alphaprotech.com/20190331/role/statement-condensed-consolidated-statement-of-shareholders-equity-unaudited Condensed Consolidated Statement of Shareholders' Equity (Unaudited) Statements 5 false false R6.htm 005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://www.alphaprotech.com/20190331/role/statement-condensed-consolidated-statements-of-cash-flows-unaudited Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 006 - Disclosure - Note 1 - The Company Sheet http://www.alphaprotech.com/20190331/role/statement-note-1-the-company Note 1 - The Company Notes 7 false false R8.htm 007 - Disclosure - Note 2 - Basis of Presentation and Revenue Recognition Policy Sheet http://www.alphaprotech.com/20190331/role/statement-note-2-basis-of-presentation-and-revenue-recognition-policy Note 2 - Basis of Presentation and Revenue Recognition Policy Notes 8 false false R9.htm 008 - Disclosure - Note 3 - Stock-based Compensation Sheet http://www.alphaprotech.com/20190331/role/statement-note-3-stockbased-compensation Note 3 - Stock-based Compensation Notes 9 false false R10.htm 009 - Disclosure - Note 4 - Investments Sheet http://www.alphaprotech.com/20190331/role/statement-note-4-investments Note 4 - Investments Notes 10 false false R11.htm 010 - Disclosure - Note 5 - Recent Accounting Pronouncements Sheet http://www.alphaprotech.com/20190331/role/statement-note-5-recent-accounting-pronouncements Note 5 - Recent Accounting Pronouncements Notes 11 false false R12.htm 011 - Disclosure - Note 6 - Inventories Sheet http://www.alphaprotech.com/20190331/role/statement-note-6-inventories Note 6 - Inventories Notes 12 false false R13.htm 012 - Disclosure - Note 7 - Equity Investment in Unconsolidated Affiliate Sheet http://www.alphaprotech.com/20190331/role/statement-note-7-equity-investment-in-unconsolidated-affiliate Note 7 - Equity Investment in Unconsolidated Affiliate Notes 13 false false R14.htm 013 - Disclosure - Note 8 - Accrued Liabilities Sheet http://www.alphaprotech.com/20190331/role/statement-note-8-accrued-liabilities Note 8 - Accrued Liabilities Notes 14 false false R15.htm 014 - Disclosure - Note 9 - Basic and Diluted Earnings Per Common Share Sheet http://www.alphaprotech.com/20190331/role/statement-note-9-basic-and-diluted-earnings-per-common-share Note 9 - Basic and Diluted Earnings Per Common Share Notes 15 false false R16.htm 015 - Disclosure - Note 10 - Activity of Business Segments Sheet http://www.alphaprotech.com/20190331/role/statement-note-10-activity-of-business-segments Note 10 - Activity of Business Segments Notes 16 false false R17.htm 016 - Disclosure - Note 11 - Financial Information about Geographic Areas Sheet http://www.alphaprotech.com/20190331/role/statement-note-11-financial-information-about-geographic-areas Note 11 - Financial Information about Geographic Areas Notes 17 false false R18.htm 017 - Disclosure - Note 12 - Related Party Transactions Sheet http://www.alphaprotech.com/20190331/role/statement-note-12-related-party-transactions Note 12 - Related Party Transactions Notes 18 false false R19.htm 018 - Disclosure - Note 13 - Leases Sheet http://www.alphaprotech.com/20190331/role/statement-note-13-leases- Note 13 - Leases Notes 19 false false R20.htm 019 - Disclosure - Note 14 - Subsequent Events Sheet http://www.alphaprotech.com/20190331/role/statement-note-14-subsequent-events Note 14 - Subsequent Events Notes 20 false false R21.htm 020 - Disclosure - Significant Accounting Policies (Policies) Sheet http://www.alphaprotech.com/20190331/role/statement-significant-accounting-policies-policies Significant Accounting Policies (Policies) Policies http://www.alphaprotech.com/20190331/role/statement-note-5-recent-accounting-pronouncements 21 false false R22.htm 021 - Disclosure - Note 3 - Stock-based Compensation (Tables) Sheet http://www.alphaprotech.com/20190331/role/statement-note-3-stockbased-compensation-tables Note 3 - Stock-based Compensation (Tables) Tables http://www.alphaprotech.com/20190331/role/statement-note-3-stockbased-compensation 22 false false R23.htm 022 - Disclosure - Note 6 - Inventories (Tables) Sheet http://www.alphaprotech.com/20190331/role/statement-note-6-inventories-tables Note 6 - Inventories (Tables) Tables http://www.alphaprotech.com/20190331/role/statement-note-6-inventories 23 false false R24.htm 023 - Disclosure - Note 8 - Accrued Liabilities (Tables) Sheet http://www.alphaprotech.com/20190331/role/statement-note-8-accrued-liabilities-tables Note 8 - Accrued Liabilities (Tables) Tables http://www.alphaprotech.com/20190331/role/statement-note-8-accrued-liabilities 24 false false R25.htm 024 - Disclosure - Note 9 - Basic and Diluted Earnings Per Common Share (Tables) Sheet http://www.alphaprotech.com/20190331/role/statement-note-9-basic-and-diluted-earnings-per-common-share-tables Note 9 - Basic and Diluted Earnings Per Common Share (Tables) Tables http://www.alphaprotech.com/20190331/role/statement-note-9-basic-and-diluted-earnings-per-common-share 25 false false R26.htm 025 - Disclosure - Note 10 - Activity of Business Segments (Tables) Sheet http://www.alphaprotech.com/20190331/role/statement-note-10-activity-of-business-segments-tables Note 10 - Activity of Business Segments (Tables) Tables http://www.alphaprotech.com/20190331/role/statement-note-10-activity-of-business-segments 26 false false R27.htm 026 - Disclosure - Note 11 - Financial Information about Geographic Areas (Tables) Sheet http://www.alphaprotech.com/20190331/role/statement-note-11-financial-information-about-geographic-areas-tables Note 11 - Financial Information about Geographic Areas (Tables) Tables http://www.alphaprotech.com/20190331/role/statement-note-11-financial-information-about-geographic-areas 27 false false R28.htm 027 - Disclosure - Note 13 - Leases (Tables) Sheet http://www.alphaprotech.com/20190331/role/statement-note-13-leases-tables Note 13 - Leases (Tables) Tables http://www.alphaprotech.com/20190331/role/statement-note-13-leases- 28 false false R29.htm 028 - Disclosure - Note 3 - Stock-based Compensation (Details Textual) Sheet http://www.alphaprotech.com/20190331/role/statement-note-3-stockbased-compensation-details-textual Note 3 - Stock-based Compensation (Details Textual) Details http://www.alphaprotech.com/20190331/role/statement-note-3-stockbased-compensation-tables 29 false false R30.htm 029 - Disclosure - Note 3 - Stock-based Compensation - Stock Option Activity (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-3-stockbased-compensation-stock-option-activity-details Note 3 - Stock-based Compensation - Stock Option Activity (Details) Details 30 false false R31.htm 030 - Disclosure - Note 4 - Investments (Details Textual) Sheet http://www.alphaprotech.com/20190331/role/statement-note-4-investments-details-textual Note 4 - Investments (Details Textual) Details http://www.alphaprotech.com/20190331/role/statement-note-4-investments 31 false false R32.htm 031 - Disclosure - Note 5 - Recent Accounting Pronouncements (Details Textual) Sheet http://www.alphaprotech.com/20190331/role/statement-note-5-recent-accounting-pronouncements-details-textual Note 5 - Recent Accounting Pronouncements (Details Textual) Details 32 false false R33.htm 032 - Disclosure - Note 6 - Inventories - Inventories (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-6-inventories-inventories-details Note 6 - Inventories - Inventories (Details) Details 33 false false R34.htm 033 - Disclosure - Note 7 - Equity Investment in Unconsolidated Affiliate (Details Textual) Sheet http://www.alphaprotech.com/20190331/role/statement-note-7-equity-investment-in-unconsolidated-affiliate-details-textual Note 7 - Equity Investment in Unconsolidated Affiliate (Details Textual) Details http://www.alphaprotech.com/20190331/role/statement-note-7-equity-investment-in-unconsolidated-affiliate 34 false false R35.htm 034 - Disclosure - Note 8 - Accrued Liabilities - Accrued Liabilities (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-8-accrued-liabilities-accrued-liabilities-details Note 8 - Accrued Liabilities - Accrued Liabilities (Details) Details 35 false false R36.htm 035 - Disclosure - Note 9 - Basic and Diluted Earnings Per Common Share - Reconciliation of Net Income and Number of Shares Used in Computations of Basic and Diluted EPS (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-9-basic-and-diluted-earnings-per-common-share-reconciliation-of-net-income-and-number-of-shares-used-in-computations-of-basic-and-diluted-eps-details Note 9 - Basic and Diluted Earnings Per Common Share - Reconciliation of Net Income and Number of Shares Used in Computations of Basic and Diluted EPS (Details) Details 36 false false R37.htm 036 - Disclosure - Note 10 - Activity of Business Segments (Details Textual) Sheet http://www.alphaprotech.com/20190331/role/statement-note-10-activity-of-business-segments-details-textual Note 10 - Activity of Business Segments (Details Textual) Details http://www.alphaprotech.com/20190331/role/statement-note-10-activity-of-business-segments-tables 37 false false R38.htm 037 - Disclosure - Note 10 - Activity of Business Segments - Consolidated Net Sales (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-10-activity-of-business-segments-consolidated-net-sales-details Note 10 - Activity of Business Segments - Consolidated Net Sales (Details) Details 38 false false R39.htm 038 - Disclosure - Note 10 - Activity of Business Segments - Reconciliation of Total Segment Income to Total Consolidated Net Income (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-10-activity-of-business-segments-reconciliation-of-total-segment-income-to-total-consolidated-net-income-details Note 10 - Activity of Business Segments - Reconciliation of Total Segment Income to Total Consolidated Net Income (Details) Details 39 false false R40.htm 039 - Disclosure - Note 10 - Activity of Business Segments - Consolidated Net Property and Equipment, Goodwill and Intangible Assets (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-10-activity-of-business-segments-consolidated-net-property-and-equipment-goodwill-and-intangible-assets-details Note 10 - Activity of Business Segments - Consolidated Net Property and Equipment, Goodwill and Intangible Assets (Details) Details 40 false false R41.htm 040 - Disclosure - Note 11 - Financial Information about Geographic Areas - Consolidated Net Sales and Long-lived Asset Information by Geographic Area (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-11-financial-information-about-geographic-areas-consolidated-net-sales-and-longlived-asset-information-by-geographic-area-details Note 11 - Financial Information about Geographic Areas - Consolidated Net Sales and Long-lived Asset Information by Geographic Area (Details) Details 41 false false R42.htm 041 - Disclosure - Note 12 - Related Party Transactions (Details Textual) Sheet http://www.alphaprotech.com/20190331/role/statement-note-12-related-party-transactions-details-textual Note 12 - Related Party Transactions (Details Textual) Details http://www.alphaprotech.com/20190331/role/statement-note-12-related-party-transactions 42 false false R43.htm 042 - Disclosure - Note 13 - Leases (Details Textual) Sheet http://www.alphaprotech.com/20190331/role/statement-note-13-leases-details-textual Note 13 - Leases (Details Textual) Details http://www.alphaprotech.com/20190331/role/statement-note-13-leases-tables 43 false false R44.htm 043 - Disclosure - Note 13 - Leases - Future Minimum Lease Payment (Details) Sheet http://www.alphaprotech.com/20190331/role/statement-note-13-leases-future-minimum-lease-payment-details Note 13 - Leases - Future Minimum Lease Payment (Details) Details 44 false false All Reports Book All Reports apt-20190331.xml apt-20190331.xsd apt-20190331_cal.xml apt-20190331_def.xml apt-20190331_lab.xml apt-20190331_pre.xml http://fasb.org/srt/2019-01-31 http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/us-gaap/2019-01-31 http://xbrl.sec.gov/country/2017-01-31 true true ZIP 61 0001437749-19-008927-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001437749-19-008927-xbrl.zip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

    W4 .6:ZSCSF( ;T&J1?52]4H;9UNLP>R*7?7 M7B*'L7W&"LRRQLAIC\!X5^LG\S >PZBWJ N1:KF4. MDH)?QOT72;(2_9W^3G$J1I7U#[!62A^)>@'&P-#7SQE5"QZ3]0VF:TJWL:4L M0-ZXOUWGYS&8DLPO,]WB M,DHR'->X]=ZI]C<&,E+WH.Y?#PBHJ.&GH%$Z"LH2,W*%W8^4CA-5>TL[DC^W M2,U"%#+BH$?@\5 2N6=C&H4_@^J\#![_WC>XB YPB(Q'6X LO4+:YG(1%T$29UBC[Q"9BB?MFPY?"[S&:+19(F M5"LN[C8/11(G4(:IQ#L+@=I:..%D/WX)1IZ!D\+[OHY[L$O=P@H[V[%,9(T,(K7W'6@O M P[=/ZL2RC?1ECVCIMLE_9)O<*PN@C%L,/@>!0#JRU4)PPXHU5[H -C7FKKE M:X&)R(,B< E>$6,@TQ*[*^#;<\7K0M]$>;F]SZ.L8%DC239;<:RO%ZUO4G>6 M\0A@'YC5,,?4>A(YW$W0FU64F.^_YFU3A_PBX^>L=V_ M\*B!(P9]2LVK"G[@U]1:!"<@*OK.?MA<9O>RF+0=.-?AP7CN,T'P.V(.,2SS MR$E)M.DS"AW;($H:,()='3M$G+14V1Q75#1D;=3:YMCBHH4;ZS[Z4A7)>(LS M+,]3K&@]R!=]-*J'F\*GI&!O3-CKD\H_649?P$X:.Y. /%0#SL2I3U7.)4=> M5 75_$K$74GEENF[0@O>)9CL>6NLU0[JA:6<-#?=>6(_*!$2Z$#9^ M@T]GMF.MMH/L^X,Q??-2V&0=_60],H9[:>67>9KZ:=6>J2RF>=@.R#1'X_ER M!QT!'E1&$XX]N#3XKIX?UIJ!(Y:7,T17$'CE8^]HC2#D5_S^BOTZ,U+,UEAB$S0 UXF&8NW9#<.Y2-& M8KS13? B,WS[(::'L]AD8JY\+4:RH2RYTTM2SW[BE LQCGFH[MNHP#$[NNE. MQA_<5YN:S&%LU!GJ.=8"XNMLU<,&(GVNY@FPCSD&TP>& JI>+Z%9GM,F6+SO MU9JF*Z>Y&=.1810>E/KEXX:Y7*\7=Y3A<<$>#A^&F2M: =*W=(SF6C8D8$W3 MKUC!',#M BZZ7B !&87#'I8>YI855BJXMX&=DYF8CXC@9_,A#!G_&6#Z^)IH M$LVB^-U2 FG(WWZSP0(HAO,O@0+N,":&XFY#!D/B[T8*RB MFXE66M1J:8'GWRW)T\L8)TPC_9']P,3TQY8B2C_]/*/4CAG%WZ71\D!"I7\W M%,VC<9P''=3 $(/F==GE-"-*0H2J"G!#TF2NSE*B[C X___AP!Z3_M>@T><: M>.@T_U(J=^;V[R>=YWNI9)DEBV3."N,<(:@*-##K#+VIT@+BFOU:6*!.5@P= M6&"X%F08@?TR*35"D^)Z<8#=5OQ7Q:1FG8%,J@?$-9-R+'CF^@:/B6#1+?I< M_1N:3PV7@PRC\2"%C,/)MXQ/?ZA_82SZ0XM%J\\_7WX\8+_C/QBRUFX UVQS M^?'\/AO84Q;G#D@WB7%/$K_B:.<+L!Y5![>[.@T!1C>LB&=R[F BP1@Q" C"AJ= M^WX^K4578D*L09[1#]$ZQ9=9O*%F6L(30>RR0DCKX.AW GA-U8.[YA6. =JA MP)_F[I 5])Q,3.8AU+,,-F?8=2:X8JCX]U#:*$*,51CAAAJ$Z1% ->QD/S% V;I2$Z!+$?L$-JIB7->*45"<;[A9N8[^NU0^K3: HP6099FOI,C M2 CEA4UN:M>5Q'/2VVX B^R-YXU!JFTDF+^DGYI$FT0C,OYN,7L,5?_Q'N>K M4XCQUS.,"^.O ]PHC+\.O*P;?U;F[L3X:S 3+1##;7RF7Q^KZII^RC4(G2CR M)L?K*(G['TOH=K.6_'%_^'!I'O?QL)/0$3RW(=9X^2)V9?%V^T57;3T(BN3.%_S?"$4 MX[[*Y@Y #(LRM(**:XGF"""! 0N]:>,P00R+H,7072SJ<5"C@Y5R:JH(-"Y6 M.%]2--_GY+E\9(^)]8:CT.%W: M?Q[@:V'#>'.Q,&#!_"I[!",J*G@XM>Y649J^W11)AH^NS!2MP*?4WFB>3B<. M$]5 QU*W60DFK3Q(O"7V8+D*Q[C8#F+YU7SW MW\1*E-SN1D!]=G\P7PZ[?:@0]]Q0O.'OQ4G]7CQ,4?;NQ2=ZE/'L9LMQ=+U@ MT1D7!).S)&OEH5- MSG4_249UEOV'@E\4+X>:W.!U!&BP!GW,_!(P$=Z MDW'ECE,Q##&EG >#XUV2XOR,8K DN=P]UMD*;'#LC>;)X. P40TTD,'134:B M21L/W%"]N[C%:Y*SJTB6#;YD&.A+@ [&,@L3$E&Z> M$Q#4V91K$_H.+WE=&)W$V'U]H.D&^L9VGF6@@C6*?-B]Q.W*AZVFF&?6$GCT M^M\[VT!9ISV6/U8)Z3KO)A_1HHGW>)2JLNJL+//D8<,#S>_)393+'Q?I=8+' MHO0,[C$2I0>+8>6"[95^P7K>!><$ $BL2RHX MDF,HUQ)+*Q$ZGK.._=E%^VNUN(ZCT&$B^T\QL5NP6[0'/=C/.\'5.G. M&_ 3E.$P+VN->$RK!K>,J)X]TO&_-E6AU'LB*6S)]XF'PT3=M_C7#=5Z2GR' M\Z=DCL7;#SHKLLSX*'UE+GR!A7K(':/GW'ACB6ZJU/'S%G9UT'2@.JN>UIR$ M6D@?[E$ZE3Q*+[,8?_F_6.XNE[2#.T3WQ_/E"150$0>+*-Q0+E )-8DVB3RP MQBU>)BSA:U9^C%9=\15]S<",L3^<)[[8 44,:B"ND%"2Z)+' T]T^B9E?P;S M@*=*?&+M@_@CI20C*CHX7>16B'#'=49/"\!2'XSD-:8[P'5%'_&(!D4"W7)U MQ=;U-QIZC^4EGJZ!%B2(3D' KKNJX(%S#2;7B^J]%%5[2<%55T5V?Y.N0[FG M!X0_GB(+U&"!:C1"9_\W6H4N%M0FK5_&O(AR]HJ\H 85M[PJ9Z2$%Q6M@>PG M&=67*QY7X%DQQ3T'-/&M31$0%U?/$S(;1]*DXB-B2+E1 M7(,=.?!9"ONYV258_QAVK\"Z8?FH6C#_'5S\*%9*?>VC0_XP:0=NHBW3EU@& MV?D\W^#X*HD>DI3GMF,I)U-2;'*LJL0Q<+2!R00,H;KF^N;VI,)+)%(6F*$6 M:FB'6_@B,T-7L"-SP*!E"7T%>K[![RB!;G'*[M!NHIQAK7T+VMO;VD5H)Y1P M=Z&=Z-BY#ATZTR%9;SHO0W.!">(OPD=R+=K/=+TWHQKT#6NJ]*E7O6TMF2D> MU:40)@IP>@ #1C91#U*K[Y*N5V^=9,:H;C^HV:D:WS4S7F9/N JM 3WN&7:1JJP[J MOL-U"#D,K\I$&XT_(H'(B-0*C97HUB]TR>N;/RE6MWA-5^:1107.LO@6ETF. MXW,J1-E21 +V1;<"1@#SJC8D7RX9 Y0@YX:;&0]QS;3+F*)\AQGWN.8"MT B M:LZ&Q *E?7M-&SWD,F-E<2B>'YI*/V);:57*R>(SG)=1DMWG$=,M9T6!2X-+ M!M?@P'Y9-VAYU"(1M5H8YEQN=KC7Y]T.>_0-:U%- %4S0&(*WX[J/L,YLQ#? M'##&HUC8BX/.XOTAG![& M2X3F.!D[OCV'C.KL_CX'?\(+8T/IR[Z!XB+4*C M\RO,.T7K08D0CD9U?[3Q1 "MT-6P%IN*N$<) 104\WP4S!]QO$GQ]>+X'I\' MVZH4-_,!H,> -B#G3H0*$^9#Z K]$+'4*+26!%@9,ISCH MZ&,MCJ,U=KCHC182=F(V8+,:_'9=>Q[>XC*Z6*?,'Y/"FD#TW@ M PWQ%A@!=,V5%3R$:X!#$T$YG>(0%\&%^0Q=^@%@;'?H#1A :+\RJV6N637) M_)I=W5 A C04;TA.?U9I#W' 8517M<4W'JM.(G?\3LS"X:,>Q^[9(X?G_>@9 MTV:LL0SJO5B7MIZ5;OQK.GF MH-K ;0X-5>PMH.#<%,#/:(< VL>27UE4>++KT;V&-:HC,!QL+C5QN7Z^$X2G M*2LCBC-J*J7L"5J\2C*>#ZA,GG!_I7*SSN"4XCI W.<:YUA,T%+@P=D^VL,D M4/9QHR4@P^CJF3>KUR/[6>]F>$Y)40RV MW,= (8#UPI&J$E^V,4@CCO\$53.8(#$'=NR*6; OQ'.E4!\R M1#PNNV_MMF1/F&Y8?OX8QV^WGRC:EUE3/WXVIYNQ"(?JCTN #P367$T!NMZ M6@_:V"-=U*""=KC\%$C[!"\.L4=Q_T&O[')N>QL]?XCH1IE$:4&GP JZ%3A_ MZKE3UNTX(!"U'X!K3J6 T:J&'"SL4Y/(!$XYOQQ'!6..<5PPX1?!I!]P^4CB M7=CI><(D)XN+Z_R<:;JLC@@[%&YQNHC>@$"4S%HVX-0CG:4^S+!W&^C'YWJ%;< M%S6XC]^6238>W6[ _40UO*]M0H4'1/KMSPU0V8<_S45I*ZR1F<7<]FV>3&*- M*3J26VWV(E"Z^I6R<[S >8[C^^A+"\V/E!"]S^%UNP&E3#6\\\R>%?Q6];([_Y!\E\N,ZXP%69\I^XYE._D$%SS'8/,/*5K 3LLXVD0NHOQ=*DW M*/Z9WU3F6\9X/]2_,)[[H<5SU>>?*6'W%_SX#X8F(E.56>^!:9(54+RE11Y7'E73 M->A(=&Q$6+_\>8M9H@$MXUZY T02Z[CL+;NH@[GE+;CA@[J>#9W-+N;Q%J\^BGIP6\VE;<1 M_74.S\=F!>^+S/ 5EQ;6+I\**!WY(W/='R=W4IR &CV@#GOYR+XVGQX4(()@ M=4;@AULE:96R:Q*XA%$J=;B' @8R/-KEB-0U66HKS=0KCX.>W0Y]I3$[O+W MCBS77:.37C$=M;YXVRIO5K7[ 3E..;YKMN-PCVY363Q.A0!:DYP%HP1A/WWR M$S!-0V7::D2E\B$9YMG2ZSXXRU8_&)\YMAI,FLSQXTNQI;DHG0FV3"@=**?\ M61H51959O*,DNG;[H;GC#\=U[KAA\)I<\2$*INN3MBL9?#^]1G$2FYV_;DY= MYYFJN$_CZ,2%V$/69@"PA1K88BJ3)NOA-F0I#Q6GJ!6$<:@%G37(9EE<%4HV MU!) HPU6&HR@^M0A:L38HT/Q3'&"1+DZYHFO*VN/3JV K6*GEC%@:49Q3O3? MMNMULGMJ>+I;-SPV_.ZR/3?H)E33Y;"((LG8YN1UQ33TPP&@6U:DFRPV!>:Y M][O9QK2;(>/H#N_\%IQ!G9+%E,*M;AY-= YWTXC)?,/T4_X06C_*9,5",MAV MGF(*'O^Q0#E#B+EGV0PW68SS=,L4%#Y9\0&11FU)A=I2>0.^\RI(QBQ'H O@ M3IBD7C- 3]LBY<]SUB%5,-^9QQF&%;ANXHQ,_KI]B^!5\6Q&;!X*_.N&8G'! MG$G*-&+*]E!30#:NL6M%ZJ/*]/ZK[ MU(GU'E;##1M.K2)NE^+=1S'/H=0'E5-9(:U=U2R>T>93EN,H37[#\94\Z15X M'&AXM2D\7U$6QHC9*";L8/8 +R0O9MQ=19^#F;6GYK#A M&O@5<[,D!Q(9APT"%' S8+ZDVPPKB&B[GK>G-")!Y!K(H,0.]4,Z8[GI<[WX M5)D^6KY821\KKMB#L7V)9R\2PR_U!L_*QM5>X^2@:""-B7EQ.\MX2>IU[B7E MB%7@]U&22:0+/(X/%9C!&Z4*S!!SK@+#9N]!!5;/?@PJ\!ZS0E7@XS7PG"Z+ M.THE=U]5;M?B?%<:_H#?3+M#TV=I@O&61DL3'U Z+6=S!;]N6FQXH3*6NWRU M60DO.5I7J(3)IV7*=V0H@?V*I7B]@;5"SWK; @6NTK/^E=8V^OP7>UG:/[<^&+#18+))KK MR*A&9-@MK:6YP6YH;_&:_I5?3Y2/&$7-A2W1G3R*>3DEWEV\& U]+]O/BIUW MLAIK,"(U\%,6)P5/+X+CBR\L+Y:X:(?HA*JQ7"B(,IBCT!9ER%E7'2U084BQ M388;2E9K'KB:4"1HVS ^FF'\J:M(ZI%[T#G:D]&B5W$$]06GXSL/>RD/<*I( MR#E>GGU'U\L"R[:'\<"Q#)P'AGTU>H;=HSN07X^).6)V39YL[+#M87RP*P7G M@5U?CY]=VW2'LNL1,ESV[B2_[Y5^S]DLY\Y MB7-,DJDW;TL^DN==)W)9SCL^34$D)/$-!6@ TH[FKU^ I"S9Y@'P @AUU51& MEG!T-Z[^=3<:?_F?'^OHQ1UF/*3DUY MWER]\%Z\?O/+R;O)UQ??;\]>O'E]\LE[_=Y[_<'S_OJ7*"2__R+_F2..7P@B M"$___/7E*HXWO[QZ=7]__]./.8M^HFSYZLWKUV]?[4J_S(O+7X/XH<)AX?>O MLA\?BCYK^OYM6O;DTZ=/K])?'XKRL*B@:/3DU3^_7LW\%5XC+R12(KZDA8>_ M\/3+*^JC.!5C+0LO2DO(O[Q=,4]^Y9V\\=Z>_/2#!R^%U%^\R$3':(1O\.*% M_/_WF\M'?:)HLT(;1F/LKW[RZ?J5%/WKMV]/7LG2KP3E,5YC$GM$%/%.WGD\ MF7/\1R*_PG?B7R[82GM9,;SX]27:Q-ZN"4G'?VNT$&\W8LKP<+V)\,M7!PQL M&.:B8"JQ*_%%7EY2V!,S&2GX1XS%-,V%N:,FHGXUR^*+W[Z)'O@M_1P2,?0A MBF:[OOEDSF.&_'C7583F.$I;T:B4T1?)6419+JLR^J2 ^&[2<^S_M*1WKP(< M2NE\E!\D]1^]UR?YU/EO\=5O%R0.XZU8GR@D3R@M^[EWFJ[P$D59SY,?(2\@ MJZ2$+F4[PA:(S]/EEG!OB= FG4^OME,]D)E__=MYR/V(\H3A6S&) M3D4GOY>,NT:-D;/AO3''R,-*$ML'OA0?G\Z>^H(&B;Y%\PC7$?RHD %B'[;2 MBW0G?1C^,KKKRE>Q<'@@3)C_@C*A3/SZ4B@DXI<%9@P'5UEWI8=G>B*D-(D. M4P7@%SEQ M6*Y,!A4%B6J?+WOI_.55(=;H!T>=>(O=22#PX8*R==JAA^8TB;TEIDN&-JO0 M]X18D"[$:M;XT.BK#94M@-G#"7RY[W,BN_SRT.-$=EBFO[1J0TBBM4=,#8[06-(+K##".!># $39,8IR+?,%?8S:3 MZ[S.L5-;'F :P#2 :0#3 *8!3 .89A%,TSS!S4"RCQ[R?2&GP(M"- ^C, ZQ MIH.LLHF!(98"+0"E $HU4R$GOD\3,6[7:"NWP D))MEDN]K/M8*]H437;-G: MR"&8(VR MPQ@&, P@&$ PP"&F18!P+!*&-:)OF4&I/WLA41&75*F#P?99"CO"#@),!)@), )P%. IP$.,E"G%1W= ^.C@+J)^D'>1T)I]/V,'&$ M,E12;&W M!<15EAN*RO2V[BP6!W\:U\^G29PF:PY)T7:O7FDH^K/M_09O*(M%]U)Q*]RN M5(H?I)O:%VT.U45&XC&V1I%T6G"Q5'(RY=-82EWC-':E-TR)/>ZV78] MIU$!786_NV-[.VH[BI)R=@S6%!U!J&O?CDZ/0A.LVAG@Z#RID4BE6JPLDC=N MB*3B/%$6Q5LW1*%FSU&6RCLWI%*K["H+Y+U+ E&!>\J2^=DER2@@.&7!?'!) M,!501UD@'UT2B+JQ1UD^G]R03[EQ45UEZ7!S1:RL87^I0YK)E_$2+/[OTR4)T^\W- I]S>#D M=GT,',7&//DX?)!>R,2$ZT5*JS4S M,#13I ?0%Z"OMK!ENC@[F%\W.!)#&IQ1'O/4.GXJI^ UVJ:C7 <#.FIUY"C. M$38@BRK@-,RT"P&N5>*U3O<(YCC7>(NF[.X!U .L U@&L U@'L Y@G86P;A@%P S>>R]#"^5? MZ,'!Z(G*1'SV<0,0J-[>P,A0ES" BP 7FRFJ>U?]3%YG02S@WS>!&$U1_N?7 M;[[B]1RS$OU5JZX!UH)_)_E.^)FR;_C^("SAT5HJ&*-6;8P<+3O"AM$TP!43 M19RX*T266!S/AV5"L9&*PZ767=YETP#F38+Y?HB5]_"FBTE -U(EJ=R_JXJ" M%0*L$&"%.&HK1#/=A^KL+ZZ(JMY:T4*1=,6DTWH^-< ;KLAN"(N@I7>KP2+8 M-E]YYXC!C/7O@X=3Z^5!U(3XZ EF*.$T"N5.$'AHL0BC\"#Q@IHIL&'C ]L% M6U'9PD@XD52*J7,KJ+P@2[&\L%@:XHL@\6->"#)TJ^D@I4(:_X;8FI)M*3&% MO[?N]2LBR4(LO$2LF>5I(M9LMLBJ!:-1JUL*SZB<(5_%/TS (+'\9_@^ZWK# M0ARC]/&W#>5RB[U.9V4_31;/QJ:O7 95B][@D@=". M6.:3F7!.?;F"JTA4K=2:/HMZ$]-QE6[GU?]C](;G\<&#> MR;_^[?+;$]J?_P NET%=+IS%!]8Y\==3RYSXZK?,[_H5QRL:9!Y:C&62TT(A MJE<8AOA\VYNR&69WH8\+!%Q7;%!">7KHI#3P4@'7EAV&Y)F_PD$2X>GB^8C+ MW;)L'I2,01?-#<0X7DJ"OF"Z9&BS"GT4E8Y5;=F!2-X=88>$E U$75ECKEZ> MGLQ7%!$Y]_/SF2QOL(_#.WG<\=/MP5XI+P>(6IB)DR_>2I->E;NTARY&[H9T MA V3WM3BK4PC*%J_@>&9/%@/F=W\<$T4[HP-:H+#%Z*WP6\*?E/PF_; ?"T& MHEK(PP5Q= )'J#XB=D)VM0B":J&CLV M&L?4V$6E$1_3F^7 %1GVM>\U<]2Z$E72IU1U772NR+3F(%&SC(Y]V2JK<&4. M/&4!6/KV UQFK8/#71W^EC[?IK8=U'L-QSX+5.P"C8*"QGY>-!),Y^%%8]]G M5:4XF)PLW8X:S3:UV"]ET5CZKB2$6+<,L6[J8#032'WRVD-RM.U8/4I$HR;$44 < M!<110!P%Q%& X1 F86 3/LL-X3$WG@L2[?NI9XD3S!$N,0ME.C",)6FAL9@ MZC0! , 9@%R<80-DP L?S_B.O6,'ZQW=2#6H 4 9 #( ) !( - !H , )F% M@*SQF6X(F+WU(HPXYIXF"GM6;VC(54( X"O 5Q8 $T?8,(FOKC#G&$\WF"%I MV;I*5WL=I%*K!"@*4!2@*$!1@*( 10&*LA!%Z1SC@P,G'BY)N A]].3=(AJ% M?B@ R>Z#,J+2;7 XJ-6,LA88[*#KQD0(AWRZ>$+:-ONW#O3H51Z>N2>$U Q/3>F1DF_64WF'22(./I^*K4\>#FKS M2KD>X&G TSIXNI-C&9!V&=)6W(+&CBT 90/*!I1]*(DZU:GPC:%J)=@5T2CP M2]MIU*XL)SU):>J(9KS<;X6>(4B9(R$X3Y3>8,+3'KWTL7#-"&35U@;VB.N1 MU;&-1HN"&@-- V[ .F.K=6:?0&ZV$EO/J1S/LX/AG,E1GJ8/)_))?H\Y/<=K M;S%VUC"@5P=?!U:90K9,AP;$JIF3QJ6J=7,>@%F@S"Q0/8/&KNB#-0"L 6 - M.)1$R?%&^].AS*"[G]-70HDX_J2=N FBJVIA8!173TH?R*VJ5Q6T5D\U(#3[ M$=IE/H;;LX2QW0ZJCL/4J@/: K0%:,N\EM!\/P>$!0@+$!8@+$!8.@A+1SLR M@Z,^RK@;(:G BT(T#Z,P;HJG5%H:&%>ID]0'OE+I705GJ7,!>,M^O#7)QO)J M/Y2:B$NU FI:X3*VO0P,%IK3VH?**X-52KHKCW7 M@/KL1WT7^8A>8[;SNH?^A 3GV8AK0L!&K0$>!#P(>-"\+M/?:0 X$7 BX$3 MB8 3=7!B"V7*#&BL>_RO$4[4;'3HQ*]-J.L##6H2H@( &_$&F,]6S"6GE'":10&,F=T?3J6=LV9%T!^6?B 9-Y.!/H- M&KT!^>2QIDNRH&R=LG*ZW8VA^K7')JT!\@?D#\C?O';:J1H 8!_ /H!] /L M]K6N/#;7GUR9./7BZDKA5I;8&]TM)NUII'4RKI:X'-Y%OR14_) MGV?]W3[N[@"8Z54$5&8W*IM$:6\X*,Z\??%#?BQ# &J533XY>B'6+]UB/,/L M+O1Q,9W?*+G#7+ QN44QV+6_PO'^?-2?^*@1"*]]>>D$*\Q M"VGPF;*#9[M.AI9L(1$FQ7V-MFE TW1Q'MZ%@=C@RTP&!25-$EX\)A/&$%FF M1\3I=E\DIST=J,\H9']'48(GG"?K+,^_W#Q\,9([SF[$/E-FB.B[WU$*-7\O MX8LH&/-+DDWS+XSR4@-4]ST9%1P8WD8*RRRLU-; M7H,FL+^#_;VE_?U.#)I4XL5*GZ$(G^-Y M/,.^],Z%F*=*YG?",(KDGO#EN8P;MV/2-*-%[%6YQ4J['9N8WA.:O\2CR.2S M>B:9>BSQIZ3*>58Q?&J5[67OIGY9JC=@U./ J(]QD-T.%G1-2+"+$)@NOB+V M.TX#L?:,E/DC=-L!^S#8A\$^#/9AL ^#?=@XE-=6M([0VMOZA#]"PV\S-?<( M;<&M,>P1VG:; XPC--:VMA>8L;>^]QCVY5_(]VE"9#BW)RH3\=G''1AAF[<_ ML&6V+:%@K@5S;4LCWL/$$P-) NG-^;Z1"=1$^9]?O_F*UW/,R@QY.G4-L!;\ M.\F='F)[_(;O]_1>/UIC!6/4J@T#K*8)!LIX2'\T:9DZ>!^PA,:#$F!"L\.$ MUM-U8='C=#$):!K@4+F]5!4%VQ_8_H["]M?L *(ZJ\@54=7;"%NO[(W%-=M(J(%B[C69XN9#^ M_&[#+9WXHF^&+\60$]'6MH#.TK(=TO,WQ-:4;$L'M_#WUKU^1219(%\Z T+[\Q_ KS2H7XFS^,#&*_YZ:M\5 M7_V6*2Q?<;RBP65V00A_0VM<*$3U"L,0GQ\$4Y9??"H0<%VQ00GEZ3&IKM' MG/WYE/F)#\^H0DVE0%S(EMN*>KOV#8X31H3PT2:,G]EK.F\? M0K/L",T:5WP&1#A!A%,!\[76%*IEPW!!')T8-JB^;ZW-AJG/YC%Y5&)&MO-DA79-C7OM'OW:N!%LF@%K\ MP=AG@8I=H%' Y=C/BT:"Z3QT<^S[K*H4!Y.3I=M1H]FF%E?;7Z(66W9JN Q5 MGE^\J=?Z".]+5;LH^SO/K!.(8I!W?V?3""12'''>WS%DG4AT0]7Z.X:L%4W[ M "EEH?T\>J%IW7)3ELN'T9.[D. MK"XP=_3FW@+>U(4Y?IV[FSCRO<2&S.MP\MI#TD C\Q;0A3=/N."03%#A$L]4"KG[=3>)DT/K?,VIQ$4 M7E!XVZE=-]G,NTZ#'/?S;K).0R:GBX/O2G0RC19 *0:E&)1B4(I!*0:EV+A2 MW.+<,J0FO_4BC#ANJQ+7-3.T^JM&#ZBZH.JV4Z:R<<178A'"?&%9>TAOD[V):7M8> F7*[BZ>([QVF6?"4VGM2QAYE_8$D9 M#B9WXMLE/@]Y>EOI1@:A97&M2OS5-V,MRS=8[IB['V\Q6Y\T8;F@&<"[@'!;P+>-)FEK9I\A)= E!"5!F#NZQ?;Q(HEU*HGWRH;-L MT$L@;Z,VAF?UC*[7E,QBZO]^C=B4I7M?\'<4)7+?FJW$_"UA4*.F4;922O@D MB5>4A7\^>U-)HX8%;$R3F,OW<,6QH\I'014P;>D1/5T\F'6N*0]3E6;.8X;\ MLM6O4Q5L=G98)E2&"JQV8+4#JYT55CM#DJC$A"V4/N>F3*6@M)7'_FQXEHNG M6AGMSX0W"K&4ZK:V&%<>"G!Y-]9'?.4MQ!;!]R:"MH84]1Z,&TUT26T1/W9) M?";--N>O4A/YT#];B ML;@)[ZTY5L_Q/)YA/V'9HKE#822!@$ ),R25#Q1)U>Z+V!OEZBMA5J\1CWPT MR:_0*61*?7$"B<]1>A3)3/MKRN+P3U1Q-TVEJML/-9)/1KE[HOOLX.LUVLK9 M)D="Z!:)0!&Y&A26/GW8K#'#@UM"\1Z]:S.[KVK9T)XG6,[#@ULU.F-96-OH MKO.11V^#NI8-EX/^E>>-JQ&S]-OP 8FKQG>H#"HOBY15\WH-!2:=)'V M_/!\S5Y[+N%.O0&3.HTZE37SM'E#UC"='=\MQK:@ 0O'MH#*9F.KT) U3!>@ M7CUF"QJP<&SU[0C-&S+"]%[Y+N?G>9GA216Z<8H#!*Z[P9N$^2MQP,FGS1YL MWR7TUUBSNR'M(TP*ZP$YM/%4ZB^ M!_$2TI=QV[ 9PPS+:3;=I'F0+GY@YH>\-.)*N9Z! !GI73H5RR<0JT=JE%46 MB^K"$&NE&VLE#Y7/TB^D'F-56@5BJ^QPZU8-$<1404P5Q%1!3%59)LR6,,,5 M:;60 U4".[=0EYZ$$V\2EVD.\Y:=,T"1]="=P M5=2M?/0]A',^EOJMN[.\F7.]O[O>;FW2C<(-CRMHNZF_M0<]P?BB;R"+2DDJ MQ%+TH!J8/+&ZEJ!:N$;OQ[X#<[$J0*3W WSD_0TP%O6.07_O@AN.ZH]8VXL5%;;"%3 Z?6VWN_W?%M-F1(%N% M%O0'Z@SLB=T(M'E0GROFAU9[HW*DIRL6]19R*%O&]?$SCN'CCF2H'S-W#/N? MIA2;!ZSWIQN.5IAM[C3V=YQDF0W%-L]B=X1:<].W/_2<2?."C'+/;'2Q>/"$ M'$\>*EHD<<*PMPY)N$[6V;?>)MO]=Z\8[2C6?91)IVUC+S7I$]DB_<:>BD[H M.4AYT7'+D!;#[K085YASC$NL=3OE[;PT!X)J=9/W<51IG"QBS/Z%$?LUGOB.N1,4P3U@7#!\W8S?"MZ+B+(7[4CN4LW],N&-ZW8BF[V0L"@7S0 M_G/(?11)LMMP7MF@94+X3H+\-0 <7/SP1='LP=(F_)>U9?1F7R=O!9HC?]SW MI8[YFE$?@ !N(\%M)+B-!+>12EQ876DGSLV?]E(KTV:/*XJX)=(YKF";=D#X MN)SO[:PD_?E"QBRK"CN:4Z&#W4JML=?RPR@B$SH0EC+,5Q;=1Q>6I9+I8'!/ M8[LG I6=CMUT8_P1@$;TMG!%%KRA3!=)_H9R\1-^NM4ZSO[_I+-OE/C-R'Q> M$]R==KL[G]SQJ'EALK*P.>+W=_2^E:TPG2HV,/+XUIPN3Y6UC;#WY-I0+4/5 MY4V\EA&D[_.AZ!J%P27)[Z_4YTA4KVB *;EGE_D>LA]-QBED%-1,E<,RUA!; M]QY*55D#I)?>Q:B1O6H]6U[ZZ/ 9$X.LB9TCS/(N2"HIDRH5X3 1-U$[OF],A1=4YY:7=03NM=6=2;BLB]B%94.N]2,Y]34 M3IFZ"NY$NS9:)A#."N&L$,X*X:QE6=#K;=^N"*2:5=W[[6XN'V49:3H;7 GA M59>/LF/;E8#=%J)1\(^[$JJK+*5RZ[,KD;BUHF@6AM5?W*UEXM$P*?408&LN M%EE]HZD*1G E<%9CFJC:[91%\\D1T12[(]5U.E<47QUOLKITQJ[R-@ZS51>1 M*UIOAXYE=>&-(3.@YIG5^+"R?*TIWHQ1],&Z8IA0X+< /E5%?;LR7[0EHQ*G M[(HM0D\X.O$ _9DD#&R]>F*J#U]QQ1+1R?1IK?I8;J/0$Y)><*E3%X0;K[(! M[@*/8.8HQX2[2!67K[,EK-*=)["TQ73*T M686^A^2C"H_3%1 <>QQ%0E%!)/ B2I:1M(]Z2!IJ'K4VWSYMJF%>>5O('3I5 MO5U\MT@Y<4EBS C*SJ&O>#W'3W/=UI1JG5"B/"FF+4(^$(3]Q+9.49&:[-A6 M+H /NS_DJ'TXB('-O_[M^^R)C)[_ &D\!DWCP5E\$,(L_GH:OBR^$MKX;O*) M.94BF@(JZPN:(K9PK%6*#D/P#=Y0%DN#]Y>'I9JJ]1M*)&HNW&7U*P[#S PO MY29W2%"I^&O+#D3R;F<^)*1D@M>6-7 ?^8&2B3PIKL1ID+JY,W=;S1T#O=3?!-/04,&4VAK$+0&TVJ$#RL4M" M?9]H IG'[D=37BA*EMNQ2V/("\667VN#"\5Z(1OM+0C]R>L.L[F0T; >U58" MH9WB_;$?8:UFHI+9SNVY5R<"JFXS,^/)_]D+\VNQ,G+P\',C3[MR%.0K',B;D_)NX'1Q(Q8"NZM,.:I8 MT_IDL"839#W0<8/NOXI%QD(4Z0U ;46#3/V#LM\OR36C\L4C+:[J:X++ UP> MG;@\U$\S<$FX[Y* W&M@*FD(4'6/9.?FB9IT5(]VYXRN:N)15:@=N\.A):," MI=V, >.CA[)+ZEYT< 6RZ+M&!HW&S0]LX&A)9Q\&C\8DJ1A 6O(+!A%;#2)Y MRHE32A*N^(Q><=D1OP)H])FWC*@9BM+D0DH /8" ML!> O: L5[O"^>7$$:)O F M\T04W@8SST^3=7A\)>3A,>Q3XJ>)).5% +I(;PV$1!3":1,DD?%W\H>T O?$ M5 A$ =G,)LEXX?+G@EXW#7&VU2P,C.5'((L^[ 56LZUBD[": ;![V&WWV"4. MNL9L)H>[YEII77'S#)S*6:E(?5K6>V,/\>?90E(D/R]MDH%+XK-T*WK(S)7N M&9,X9N$\2:\>W-*=K.7#(%M9>,(8(LNT7GD\2%<-&[C-C./+=#^]HKST*G-1 M&;!O8GW*[QK%/>D,'GM"IN.JY(5#7C M7G\;:8S9T/=J:UFN$$^A];"_G7!DTBDQ3IKQ5)Z\]@39X9W,9"[16L+%.N#< MXUEFJ=)L9LW2?G?3V=!)N[NDNH6?[C01TU%,I%FRV43;TIS;5<5:)]T6!\R& M 9X5]STKD!^WQKA3N6-3I=/).9G4NY[JSSE7K-O*$T4-8#LG%L@H7+FS M:@$1YRSG*FM&TP;DG(P@N3"$.JBYFEHC?DO]",\CRE)WZJ[ +K8LIOGWS^!- M7J ?QT-/U-GFJ>B537!M6.G:Z&G,._&%]#H?P7D"SI-C=)Z<4;:A H?@;Y3D M.GFE^Z2VO)'+4V)9"]7FXL<&$XY/,<&+L#QQ<6%ID[>_M"\ZF21VY-XV<#N! MVPG<3D.YG?I2VA()LL0[%F/)2]+3G0?:E.B+/-:]DGE^"T[-%I>4O32]W[T M6BV@J::D33?#.IE\_=PDZW!=@//T"5G@/ 7G:8&SP$+G*;CSP)T'[CQPYYG4 M(<";!]X\\.:!-P^\>>#- V\>>// FV?=%@/>O ,M#;QYW&4E MT%H@76C!8]SV4"#-N)X'6"8$)4%X\&9*K<^I5>O#.8TZ(%/-ZP/6;1/V5QY/ M%U\H#?B$!#/,[D(?\QG=K^1G!MBZ"L,S<8[G\0S["4M?)ISSS)'_A5*H:XIUA[TOIH7AFI*C_1"I$GR8RS4P#PN M+J=*X$ZZ,W-]P^6\J%<=PSU/@\O[4&J/Q%E&>%EY*YFH6=+*]0PZ['.*RB;2 MLW(FQ^$9,37RKRUOD(7:)5Q0TJ3LCS:_<"3:7'X1IQE#D<0)P3HDH9Q&TK); MO9GI588 #'AOM)B;AJU8PZ[9UT;':2ZN@P,0[>)^M,N0?J2QN*;!CS1T2D=' M)DZEN%0M^OUYI@T\]*G9I.Z3CR@ZC)2A]]Y-3 M6XZ6K&IM3_WM/Z,13;EQ2%DX[^Q>7HH7X/5,K:YLTNIL/[L 3R*8QG4Y;0)P]G!U0+DG>ZX1:)*L?J6@O6MW$@@"A!Q0=(U" 13/T"84 MAWIEG@^E.L-[J2?!OY,%RMNA!96$.L$. EYPD.SA,F5F:F%&3;>?KC="-5 M W[Q S,_Y*4WL9HW9 W3J?K3 <_U[1AB^09O$N:OI%XX(4+QBT-6-%I5W"HV MX9&/MO-:I6-KM&">TT?;7Q5#CPJ:5#7;D*VD5H[3"ZMWKAU)Y&Z#R,UZ]6VY:)B87''%:\M(!<(Y%\JI*AP%,X)SB\O"&/I-IH/&B,4V M!D'KV/[ZFRZ6"ZE>5^UA"_Z4B8;@I72E6"N6IO"KAWW9%8D5H[CC"GL=UJ?D M2@B5QBQL81CK+YQJ1-)2-:FY$ES5X+FVAH+0CJ+*M(<+8N66K^.1["^,RFH1 MU=O4!@_V2=][>.MQ25EZPGC^P1&3?>_1=.'OWX1H]"Q=RTX&?EZN$VI;/!-7 M^C9'2\)R*V^?7,(;+,DJ1O]T6NT39-7G&/6/#X_)<6 MB"R2L_M$*S6#8:H?,&-@5%7MW9%9:+&";9S!7TQ)QK\=[+T2,4-B/CUD3 MDM:G ,*K(0:YPQAD16PTKNBP7NUJ1Q)V" E#*R-](&$H!#O5.IKZ!K3'&R%E M!JHY%_G:JY!KC5C.Q MQQ4;9I&3ZTACT7KW31QK )L9.[HSV<.&D7)-X(RZ-,=B(!A*FDWVW?(XSOP7 M^8\T"8IO_A]02P$"% ,4 " #-6*=.4GME_XEN Z08 $ M @ $ 87!T+3(P,3DP,S,Q+GAM;%!+ 0(4 Q0 ( ,U8ITY-X)@+ M#@T .:9 0 " ;=N !A<'0M,C Q.3 S,S$N>'-D4$L! M A0#% @ S5BG3G)H2/JK"@ HHP !0 ( !\WL &%P M="TR,#$Y,#,S,5]C86PN>&UL4$L! A0#% @ S5BG3M"?FU(V* &9@# M !0 ( !T(8 &%P="TR,#$Y,#,S,5]D968N>&UL4$L! A0# M% @ S5BG3O$MHBD3-@ 7_@" !0 ( !.*\ &%P="TR M,#$Y,#,S,5]L86(N>&UL4$L! A0#% @ S5BG3D\Y#$#/*@ AP0$ !0 M ( !?>4 &%P="TR,#$Y,#,S,5]P&UL4$L%!@ & - 8 A $ 'X0 0 $! end