$LMB
Limbach Holdings, Inc.

2016 Q1 Form 10-K Financial Statement

#000114420416089184 Filed on March 21, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 2014 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $400.0K $400.0K $100.0K
YoY Change 300.0% 100.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.630M
YoY Change
% of Gross Profit
Operating Expenses $400.0K $0.00 $100.0K
YoY Change -100.0%
Operating Profit -$430.2K -$391.0K
YoY Change 202.33%
Interest Expense $0.00 $100.0K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$400.0K -$300.0K -$100.0K
YoY Change 300.0% 50.0%
Income Tax $1.500K $0.00
% Of Pretax Income
Net Earnings -$384.6K -$339.6K -$100.0K
YoY Change 182.57% 69.8%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$210.5K -$166.7K -$50.00K
COMMON SHARES
Basic Shares Outstanding 5.948M shares 5.948M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0K $100.0K $400.0K
YoY Change -66.67% -75.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $0.00 $0.00 $100.0K
YoY Change -100.0% -100.0%
Inventory
Prepaid Expenses $72.48K
Receivables
Other Receivables
Total Short-Term Assets $100.0K $100.0K $469.9K
YoY Change -72.23% -80.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $46.10M $46.10M $46.00M
YoY Change 0.22% 0.22%
Other Assets
YoY Change
Total Long-Term Assets $46.00M $46.10M $46.01M
YoY Change -0.03% 0.22%
TOTAL ASSETS
Total Short-Term Assets $100.0K $100.0K $469.9K
Total Long-Term Assets $46.00M $46.10M $46.01M
Total Assets $46.10M $46.20M $46.48M
YoY Change -0.59% -0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K $100.0K $69.85K
YoY Change 400.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $600.0K $300.0K $200.0K
YoY Change 200.0% 50.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $600.0K $300.0K $200.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $600.0K $300.0K $194.9K
YoY Change 163.81% 50.0%
SHAREHOLDERS EQUITY
Retained Earnings -$189.8K
YoY Change
Common Stock $185.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.000M $45.90M $5.284M
YoY Change
Total Liabilities & Shareholders Equity $46.10M $46.20M $46.48M
YoY Change -0.59% -0.65%

Cashflow Statement

Concept 2016 Q1 2015 2014 Q4
OPERATING ACTIVITIES
Net Income -$384.6K -$339.6K -$100.0K
YoY Change 182.57% 69.8%
Depreciation, Depletion And Amortization $2.630M
YoY Change
Cash From Operating Activities -$50.00K -$230.0K -$70.00K
YoY Change -37.5% 21.05%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $10.00K -$50.00K -$10.00K
YoY Change -200.0% -99.89%
Cash From Investing Activities $10.00K -$50.00K -$10.00K
YoY Change -200.0% -99.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -50.00K -230.0K -70.00K
Cash From Investing Activities 10.00K -50.00K -10.00K
Cash From Financing Activities 0.000 0.000
Net Change In Cash -40.00K -280.0K -80.00K
YoY Change -55.56% -170.0%
FREE CASH FLOW
Cash From Operating Activities -$50.00K -$230.0K -$70.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q4 us-gaap Liabilities
Liabilities
255283 USD
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5529241 USD
us-gaap Sales Revenue Net
SalesRevenueNet
0 USD
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015Q2 dei Entity Public Float
EntityPublicFloat
44850000 USD
CY2015 dei Trading Symbol
TradingSymbol
TFSC
CY2016Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5948000 shares
CY2014Q4 us-gaap Assets Current
AssetsCurrent
469866 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.12
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-390974 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-198304 USD
CY2015 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q4 us-gaap Cash
Cash
119826 USD
CY2015Q4 us-gaap Assets
Assets
46199240 USD
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
130283 USD
CY2015Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
125000 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
185 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-529359 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
5000067 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
46199240 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
19496 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
139322 USD
CY2015Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
46059918 USD
CY2015Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
40943890 USD
CY2014Q4 us-gaap Cash
Cash
397387 USD
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
72479 USD
CY2014Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
46008549 USD
CY2014Q4 us-gaap Assets
Assets
46478415 USD
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
69854 USD
CY2014Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
125000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
194854 USD
CY2014Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
40999990 USD
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
185 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5473141 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-189755 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
5283571 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
46478415 USD
CY2015 us-gaap Sales Revenue Net
SalesRevenueNet
0 USD
CY2015 us-gaap Operating Expenses
OperatingExpenses
0 USD
us-gaap Operating Expenses
OperatingExpenses
565 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
390974 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
197739 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-339604 USD
us-gaap Net Income Loss
NetIncomeLoss
-189755 USD
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1848001 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1579640 shares
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
CY2015 us-gaap Interest And Other Income
InterestAndOtherIncome
49749 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
8549 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25000 USD
tfsc 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
tfsc Adjustments To Additional Paid In Capital Issuance Of Underwriter Purchase Option
AdjustmentsToAdditionalPaidInCapitalIssuanceOfUnderwriterPurchaseOption
100 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
40999990 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
0 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
60429 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
69854 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-52983 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
72479 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-226192 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-192380 USD
CY2015 us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
51369 USD
us-gaap Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
46008549 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-51369 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-46008549 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25000 USD
CY2015 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
125000 USD
CY2015 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
44168216 USD
CY2015 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
1980000 USD
CY2015 tfsc Proceeds From Issuance Of Private Placement Exercise Price Of Warrants
ProceedsFromIssuanceOfPrivatePlacementExercisePriceOfWarrants
0 USD
tfsc Proceeds From Issuance Of Private Placement Exercise Price Of Warrants
ProceedsFromIssuanceOfPrivatePlacementExercisePriceOfWarrants
300000 USD
CY2015 tfsc Proceeds From Issuance Of Underwriter Purchase Option
ProceedsFromIssuanceOfUnderwriterPurchaseOption
0 USD
tfsc Proceeds From Issuance Of Underwriter Purchase Option
ProceedsFromIssuanceOfUnderwriterPurchaseOption
100 USD
CY2015 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
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-277561 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
397387 USD
CY2014Q2 us-gaap Cash
Cash
0 USD
CY2015Q4 us-gaap Assets Held In Trust Current
AssetsHeldInTrustCurrent
46059918 USD
CY2015Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
4094389 shares
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4000000 shares
CY2014Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2014Q3 tfsc Percentage Of Shares Redeemed
PercentageOfSharesRedeemed
1 pure
CY2014Q3 tfsc Percentage Of Underwriters Discount
PercentageOfUnderwritersDiscount
0.03 pure
CY2014Q3 tfsc Payment Of Underwriting Discounts
PaymentOfUnderwritingDiscounts
1200000 USD
CY2014Q3 tfsc Payment Of Additional Underwriting Discounts
PaymentOfAdditionalUnderwritingDiscounts
180000 USD
CY2015Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
1831784 USD
CY2015Q4 tfsc Underwriter Fee Related To Offering
UnderwriterFeeRelatedToOffering
1380000 USD
CY2015 tfsc Percentage Of Initial Public Offering Proceeds
PercentageOfInitialPublicOfferingProceeds
0.035 pure
CY2015 tfsc Cash Fee To Be Paid For Services
CashFeeToBePaidForServices
1610000 USD
CY2015Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
10000 USD
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2015Q4 tfsc Common Stock Redemption Amount Shares
CommonStockRedemptionAmountShares
4094389 shares
CY2015Q1 tfsc Common Stock Shares Transferred By Sponsor
CommonStockSharesTransferredBySponsor
10000 shares
CY2015Q1 us-gaap Share Price
SharePrice
0.0217391
CY2014Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
4099999 shares
CY2015Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10
CY2014Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1853611 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1848001 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1853611 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1848001 shares
CY2015 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
1621 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
44168216 USD
tfsc Sale Of Warrants
SaleOfWarrants
600000 shares
invest Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
15
tfsc Private Placement Warrants Per Share
PrivatePlacementWarrantsPerShare
0.5
CY2015 invest Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
15
CY2015 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: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt">Use of Estimates</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q4 tfsc Public Shares Redeemable Amount Reflected Intangible Assets
PublicSharesRedeemableAmountReflectedIntangibleAssets
312015 USD
CY2015 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
-56100 USD

Files In Submission

Name View Source Status
0001144204-16-089184-index-headers.html Edgar Link pending
0001144204-16-089184-index.html Edgar Link pending
0001144204-16-089184.txt Edgar Link pending
0001144204-16-089184-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tfsc-20151231.xml Edgar Link completed
tfsc-20151231.xsd Edgar Link pending
tfsc-20151231_cal.xml Edgar Link unprocessable
tfsc-20151231_def.xml Edgar Link unprocessable
tfsc-20151231_lab.xml Edgar Link unprocessable
tfsc-20151231_pre.xml Edgar Link unprocessable
v434424_10k.htm Edgar Link pending
v434424_ex31-1.htm Edgar Link pending
v434424_ex31-2.htm Edgar Link pending
v434424_ex32-1.htm Edgar Link pending
v434424_ex32-2.htm Edgar Link pending