Company: AWX
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025765
Chunk: 0

Company: AVALON HOLDINGS CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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2,052                  3,610  
  Cash flows from investing activities:                                                                                                    
  Capital expenditures                                                                                       ( 682                  ( 703  
  Proceeds from disposal of equipment                                                                            -                      7  
  Net cash used in investing activities                                                                      ( 682                  ( 696  
  Cash flows from financing activities:                                                                                                    
  Principal payments on term loan facilities                                                                 ( 313                  ( 294  
  Principal payments on finance lease obligations                                                            ( 133                   ( 81  
  Net cash used in financing activities                                                                      ( 446                  ( 375  
  Increase in cash, cash equivalents and restricted cash                                                       924                  2,539  
  Cash, cash equivalents and restricted cash at beginning of period                                         11,761                 11,452  
  Cash, cash equivalents and restricted cash at end of period               $                               12,685      $          13,991  
  Supplemental disclosure of cash flow information:                                                                                        
  Significant non-cash operating and investing activities:                                                                                 
  Capital expenditures included in accounts payable                         $                                    6      $              15  
  Significant non-cash investing and financing activities:                                                                                 
  Finance lease obligation incurred                                         $                                  525      $             111  
  Cash paid during the period for interest                                  $                                1,052      $           1,114  
  Cash paid during the period for income taxes                              $                                    6      $               -  

See accompanying notes to unaudited condensed consolidated financial statements.

5

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES

Notes to Unaudited Condensed Consolidated Financial Statements

June 30, 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