Company: APT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007218
Chunk: 24

Company: ALPHA PRO TECH LTD
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7A
Chunk 24
---
000                 16,290,000  
  Cash and cash equivalents, end of the year                                                                  $                              18,636,000      $          20,378,000  
  Supplemental disclosure of cash flow information:                                                                                                                                 
  Cash paid for income taxes                                                                                  $                               1,435,000      $           1,524,000  
  Supplemental disclosure of non-cash transactions:                                                                                                                                 
  Net non-cash changes to operating leases                                                                    $                               4,803,000      $           3,859,000  

The accompanying notes are an integral part of these consolidated financial statements.

30

Alpha Pro Tech, Ltd.

Notes to Consolidated Financial Statements

  The Company  
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Alpha Pro Tech, Ltd. (“ Alpha Pro Tech,” the “ Company,” “we”, “us” or “our”) 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, housewrap accessories, namely tape and flashing, synthetic roof underlayment and synthetic roof underlayment accessories, namely self-adhered underlayment, as well as other woven material.

The Disposable Protective Apparel segment consists of a complete line of disposable protective garments (shoecovers, bouffant caps, coveralls, gowns, frocks and lab coats), face masks and face shields. All of our disposable protective apparel products, 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.

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

  Summary of Significant Accounting Policies  
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Principles of Consolidation

The consolidated financial statements of the Company include the accounts of the Company and its wholly-owned subsidiaries, Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation.

Events that occurred after December 31,