Company: AWX
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001437749-25-015162
Chunk: 0

Company: AVALON HOLDINGS CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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 ( 146  
  Principal payments on finance lease obligations                                                             ( 27                   ( 14  
  Net cash used in financing activities                                                                      ( 183                  ( 160  
  Decrease in cash, cash equivalents and restricted cash                                                   ( 1,555                   ( 97  
  Cash, cash equivalents and restricted cash at beginning of period                                         11,761                 11,452  
  Cash, cash equivalents and restricted cash at end of period            $                                  10,206      $          11,355  
  Supplemental disclosure of cash flow information:                                                                                        
  Significant non-cash operating and investing activities:                                                                                 
  Capital expenditures included in accounts payable                      $                                     101      $              22  
  Significant non-cash investing and financing activities:                                                                                 
  Finance lease obligations incurred                                     $                                     163      $               -  
  Cash paid during the period for interest                               $                                     523      $             558  
  Cash paid during the period for income taxes                           $                                       4      $               -  

See accompanying notes to unaudited condensed consolidated financial statements.

4

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES

Notes to Unaudited Condensed Consolidated Financial Statements

March 31, 2025

Note 1. Description of Business

Avalon Holdings Corporation (“ Avalon” or the “ Company”) was formed on April 30, 1998 as a subsidiary of American Waste Services, Inc. (“ AWS”). On June 17, 1998, AWS distributed, as a special dividend, all of the outstanding shares of capital stock of Avalon to the holders of AWS common stock on a pro rata and corresponding basis.

Avalon provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U. S. markets, captive landfill management services and salt water injection well operations. Avalon also owns and operates a hotel and its associated resort amenities, four golf courses and related country clubs and a multipurpose recreation center.

Note 2. Basis of Presentation

The unaudited condensed consolidated financial statements of Avalon and related notes included herein have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted consistent with such rules and regulations. The accompanying unaudited condensed consolidated financial statements and related notes should be read in conjunction with the consolidated financial statements and related