Company: APT
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015457
Chunk: 0

Company: ALPHA PRO TECH LTD
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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000  
  Net income                                                       $                                  613,000      $            576,000  
  Basic earnings per common share                                  $                                     0.06      $               0.05  
  Diluted earnings per common share                                $                                     0.06      $               0.05  
  Basic weighted average common shares outstanding                                                 10,724,760                11,285,296  
  Diluted weighted average common shares outstanding                                               10,836,581                11,389,394  

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

2

Alpha Pro Tech, Ltd.

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

                                                                             For the Three Months Ended                                       
                                                                             March 31,                                                        
                                                                             2025                                          2024               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income                                                                 $                                613,000      $         576,000  
  Other comprehensive income - foreign currency translation gain (loss)                                      ( 65,000                  6,000  
  Comprehensive income                                                       $                                548,000      $         582,000  

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

3

Alpha Pro Tech, Ltd.

Condensed Consolidated Statements of Shareholders’ Equity (Unaudited)

  For the Three Months Ended March 31, 2025                                                                                   Accumulated                     
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                              Additional                                      Other                           
                                                                              Paid-in                                         Comprehensive                   
                                                                              Capital                                         Income (Loss)                   
  Balance as of December 31, 2024                10,816,878      108,000      $               16,368,000      47,257,000      $                   62,234,000  
  Net income                                     -               -                                     -      613,000                                613,000  
  Common stock repurchased and retired           ( 221,413       ( 2,000                       ( 335,000      ( 841,000                          ( 1,178,000  
  Treasury stock excise tax                      -               -                              ( 12,000      -                                     ( 12,000  
  Stock-based compensation expense               -               -                               136,000      -                                      136,000  
  Other comprehensive loss                       -