Company: AWX
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025765
Chunk: 12

Company: AVALON HOLDINGS CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
────────────────────────────
  2026                                                      $362           $438        $800  
  2027                                                       337            395         732  
  2028                                                       296            292         588  
  2029                                                       231            201         432  
  2030                                                       115            109         224  
  Thereafter                                                 344              -         344  
  Total lease payments                                     1,685          1,435       3,120  
  Less: imputed interest                                     385            166         551  
  Total                                                    1,300          1,269       2,569  
  Less: current portion of obligations under leases          278            364         642  
  Long-term portion of obligations under leases           $1,022           $905      $1,927  

Note 8. Basic and Diluted Net Income (Loss) per Share

Basic net income (loss) per share attributable to Avalon Holdings Corporation common shareholders is computed by dividing the net income (loss) by the weighted average number of common shares outstanding. For both the three and six months ended June 30, 2025 and 2024, the weighted average number of common shares outstanding was3,899,431.

Diluted net loss per share attributable to Avalon Holdings Corporation common shareholders is computed by dividing net loss attributable to Avalon Holdings Corporation common shareholders by the weighted average number of common shares outstanding plus any weighted common equivalent shares determined to be outstanding during the period using the treasury method. Weighted common equivalent shares, if any included in the calculation are related to stock options granted by Avalon where the weighted average market price of Avalon’s common stock for the period presented is greater than the option exercise price of the stock option.

For the both the three and six months ended June 30, 2025 and 2024 there werenooutstanding options. Therefore, no weighted common equivalent shares are included in the calculation, thus, no dilution.

Note 9. Term Loans and Line of Credit Agreements

2022 Term Loan Agreement

On August 5, 2022, Avalon and certain direct and indirect wholly owned subsidiaries entered into a loan and security agreement (the “2022 Term Loan Agreement”) with Laurel Capital Corporation which provided for a $31.0million term loan. At closing, $20.2million of the proceeds were used to pay off and refinance amounts outstanding and