$LMB
Limbach Holdings, Inc.

2015 Q1 Form 10-Q Financial Statement

#000114420415028842 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q1
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $100.0K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $0.00
YoY Change
Operating Profit -$142.3K
YoY Change
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$100.0K
YoY Change
Income Tax $0.00
% Of Pretax Income
Net Earnings -$136.1K
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$55.56K
COMMON SHARES
Basic Shares Outstanding 5.948M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.0K
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $100.0K
YoY Change
Inventory
Prepaid Expenses $50.91K
Receivables
Other Receivables
Total Short-Term Assets $360.1K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $46.00M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $46.01M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $360.1K
Total Long-Term Assets $46.01M
Total Assets $46.37M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K
Total Long-Term Liabilities $0.00
Total Liabilities $227.4K
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$325.9K
YoY Change
Common Stock $185.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.147M
YoY Change
Total Liabilities & Shareholders Equity $46.37M
YoY Change

Cashflow Statement

Concept 2015 Q1
OPERATING ACTIVITIES
Net Income -$136.1K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$80.00K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$10.00K
YoY Change
Cash From Investing Activities -$10.00K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities -80.00K
Cash From Investing Activities -10.00K
Cash From Financing Activities 0.000
Net Change In Cash -90.00K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$80.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-88154 USD
CY2015Q1 tfscu Cash Fee To Be Paid For Services
CashFeeToBePaidForServices
1610000 USD
CY2014Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1150000 shares
CY2015Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
10000 USD
CY2014Q2 tfscu Percentage Of Shares Redeemed
PercentageOfSharesRedeemed
1 pure
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q1 us-gaap Cash
Cash
309233 USD
CY2014Q4 us-gaap Cash
Cash
397387 USD
CY2015Q1 us-gaap Assets
Assets
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CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
69854 USD
CY2015Q1 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
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CY2014Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
125000 USD
CY2015Q1 us-gaap Liabilities
Liabilities
227434 USD
CY2014Q4 us-gaap Liabilities
Liabilities
194854 USD
CY2015Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
5147446 USD
CY2015Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>Use of Estimates</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q3 tfscu Percentage Of Underwriters Discount
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CY2014Q3 tfscu Payment Of Underwriting Discounts
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CY2014Q3 tfscu Percentage Of Additional Underwriters Discount
PercentageOfAdditionalUnderwritersDiscount
0.03 pure
CY2014Q3 tfscu Payment Of Additional Underwriting Discounts
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180000 USD
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2014Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
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CY2014Q3 tfscu Percentage Of Shares Redeemed
PercentageOfSharesRedeemed
1 pure
CY2015Q1 tfscu Percentage Of Initial Public Offering Proceeds
PercentageOfInitialPublicOfferingProceeds
0.035 pure
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2015Q1 us-gaap Common Stock Value
CommonStockValue
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CY2014Q4 us-gaap Common Stock Value
CommonStockValue
185 USD
CY2015Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
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CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5473141 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-325880 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-189755 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
5283571 USD
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
46374870 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2015Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2014Q4 us-gaap Preferred Stock Shares Authorized
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CY2014Q4 us-gaap Preferred Stock Shares Issued
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CY2014Q4 us-gaap Preferred Stock Shares Outstanding
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CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2015Q1 us-gaap Common Stock Shares Issued
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CY2014Q4 us-gaap Common Stock Shares Issued
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CommonStockSharesOutstanding
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CommonStockSharesOutstanding
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CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
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us-gaap Sales Revenue Net
SalesRevenueNet
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CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
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us-gaap Operating Expenses
OperatingExpenses
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CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
340047 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-136125 USD
us-gaap Net Income Loss
NetIncomeLoss
-325880 USD
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1648451 shares
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-274351 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25000 USD
CY2015Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
125000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
46598316 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
309233 USD
CY2014Q2 us-gaap Cash
Cash
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CY2015Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
50905 USD
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
72479 USD
CY2015Q1 us-gaap Assets Current
AssetsCurrent
360138 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
469866 USD
CY2015Q1 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
46014732 USD
CY2014Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
46008549 USD
CY2015Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
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CY2014Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
40999990 USD
CY2014Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
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CY2015Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10
CY2014Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
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CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2015Q1 us-gaap Interest And Other Income
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us-gaap Interest And Other Income
InterestAndOtherIncome
14732 USD
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2015Q1 us-gaap Increase Decrease In Restricted Cash And Investments
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6183 USD
us-gaap Increase Decrease In Restricted Cash And Investments
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46014732 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-6183 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-46014732 USD
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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tfscu Stock Issued During Period Value Issued For Private Placement Including Over Allotment
StockIssuedDuringPeriodValueIssuedForPrivatePlacementIncludingOverAllotment
1980000 USD
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
300000 USD
tfscu Stock Issued During Period Value Issued For Underwriter Purchase Option
StockIssuedDuringPeriodValueIssuedForUnderwriterPurchaseOption
100 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
40999990 USD
tfscu Sale Of Warrants
SaleOfWarrants
600000 shares
invest Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
15
tfscu Private Placement Warrants Per Share
PrivatePlacementWarrantsPerShare
0.5
CY2015Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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CY2015Q1 tfscu Proceeds From Issuance Of Private Placement Exercise Price Of Warrants
ProceedsFromIssuanceOfPrivatePlacementExercisePriceOfWarrants
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tfscu Proceeds From Issuance Of Private Placement Exercise Price Of Warrants
ProceedsFromIssuanceOfPrivatePlacementExercisePriceOfWarrants
300000 USD
CY2015Q1 tfscu Proceeds From Issuance Of Underwritter Purchase Option
ProceedsFromIssuanceOfUnderwritterPurchaseOption
0 USD
tfscu Proceeds From Issuance Of Underwritter Purchase Option
ProceedsFromIssuanceOfUnderwritterPurchaseOption
100 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
1980000 USD
CY2015Q1 us-gaap Assets Held In Trust Current
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CY2015Q1 tfscu Pubic Shares Redeemable Amount Reflected Intangible Assets
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5000001 USD
CY2015Q1 us-gaap Deferred Offering Costs
DeferredOfferingCosts
1831784 USD
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
1347 CAPITAL CORP
CY2015Q1 tfscu Underwriter Fee Related To Offering
UnderwriterFeeRelatedToOffering
1380000 USD
CY2015Q1 tfscu Common Stock Redemption Amount Shares
CommonStockRedemptionAmountShares
4099999 shares
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001606163
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q1 dei Trading Symbol
TradingSymbol
TFSCU
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5948000 shares
CY2015Q1 tfscu Common Stock Shares Transferred By Sponsor
CommonStockSharesTransferredBySponsor
10000 shares
CY2015Q1 us-gaap Share Price
SharePrice
0.0217391

Files In Submission

Name View Source Status
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0001144204-15-028842-index.html Edgar Link pending
0001144204-15-028842.txt Edgar Link pending
0001144204-15-028842-xbrl.zip Edgar Link pending
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Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
tfscu-20150331.xml Edgar Link completed
tfscu-20150331.xsd Edgar Link pending
tfscu-20150331_cal.xml Edgar Link unprocessable
tfscu-20150331_def.xml Edgar Link unprocessable
tfscu-20150331_lab.xml Edgar Link unprocessable
tfscu-20150331_pre.xml Edgar Link unprocessable
v408089_10q.htm Edgar Link pending
v408089_ex31-1.htm Edgar Link pending
v408089_ex31-2.htm Edgar Link pending
v408089_ex32-1.htm Edgar Link pending
v408089_ex32-2.htm Edgar Link pending