$OCC
OPTICAL CABLE CORP Stock $occ

$occ Overview Financials Valuation SEC Filings Company Website

2020 Q2 Form 10-Q Financial Statement

#000143774920013004 Filed on June 12, 2020

Income Statement

Concept	2020 Q2	2019 Q2	2018 Q4
Revenue	$14.86M	$18.96M	$20.27M
YoY Change	-21.59%	-29.49%	17.82%
Cost Of Revenue	$10.87M	$13.65M	$13.61M
YoY Change	-20.38%	-23.89%	11.56%
Gross Profit	$3.997M	$5.309M	$6.662M
YoY Change	-24.72%	-40.72%	32.73%
Gross Profit Margin	26.89%	28.01%	32.86%
Selling, General & Admin	$5.550M	$5.777M	$6.802M
YoY Change	-3.93%	-21.94%	24.78%
% of Gross Profit	138.85%	108.81%	102.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$390.0K	$430.0K	$480.0K
YoY Change	-9.3%	-4.44%	6.67%
% of Gross Profit	9.76%	8.1%	7.21%
Operating Expenses	$5.550M	$5.777M	$6.802M
YoY Change	-3.93%	-21.94%	24.78%
Operating Profit	-$1.560M	-$475.5K	-$140.7K
YoY Change	228.19%	-130.51%	-67.5%
Interest Expense	$124.8K	$129.3K	-$130.0K
YoY Change	-3.48%	-15.2%	0.0%
% of Operating Profit
Other Income/Expense, Net	-$123.7K	-$136.7K	-$80.00K
YoY Change	-9.51%	-9.8%	700.0%
Pretax Income	-$1.684M	-$612.2K	-$360.7K
YoY Change	175.1%	-143.52%	-39.44%
Income Tax	$5.051K	$5.240K	$20.00K
% Of Pretax Income
Net Earnings	-$1.689M	-$617.4K	-$350.3K
YoY Change	173.58%	-144.39%	-40.5%
Net Earnings / Revenue	-11.36%	-3.26%	-1.73%
Basic Earnings Per Share
Diluted Earnings Per Share	-$229.9K	-$84.70K	-$45.45K
COMMON SHARES
Basic Shares Outstanding	7.540M	7.461M	7.694M
Diluted Shares Outstanding

Balance Sheet

Concept	2020 Q2	2019 Q2	2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.290M	$310.0K	$180.0K
YoY Change	1283.87%	10.71%	-79.78%
Cash & Equivalents	$4.295M	$310.7K	$177.4K
Short-Term Investments
Other Short-Term Assets	$230.0K	$430.0K	$500.0K
YoY Change	-46.51%	-25.86%	19.05%
Inventory	$17.04M	$20.24M	$17.47M
Prepaid Expenses
Receivables	$7.756M	$11.72M	$12.83M
Other Receivables	$120.0K	$50.00K	$60.00K
Total Short-Term Assets	$29.44M	$32.75M	$31.05M
YoY Change	-10.11%	-18.77%	14.55%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.343M	$10.78M	$11.20M
YoY Change	-13.33%	-9.44%	-8.24%
Goodwill
YoY Change
Intangibles	$661.9K	$664.6K	$635.0K
YoY Change	-0.4%	7.29%	1.73%
Long-Term Investments
YoY Change
Other Assets	$1.523M	$93.45K	$162.5K
YoY Change	1529.92%	-3.64%	-19.1%
Total Long-Term Assets	$11.53M	$11.59M	$12.05M
YoY Change	-0.51%	-8.66%	-7.55%
TOTAL ASSETS
Total Short-Term Assets	$29.44M	$32.75M	$31.05M
Total Long-Term Assets	$11.53M	$11.59M	$12.05M
Total Assets	$40.97M	$44.34M	$43.10M
YoY Change	-7.6%	-16.35%	7.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.560M	$8.230M	$3.260M
YoY Change	-44.59%	-16.78%	25.87%
Accrued Expenses	$1.810M	$1.670M	$3.490M
YoY Change	8.38%	-33.2%	160.45%
Deferred Revenue
YoY Change
Short-Term Debt	$6.000M	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$305.6K	$265.5K	$261.0K
YoY Change	15.1%	3.82%	4.08%
Total Short-Term Liabilities	$14.33M	$10.19M	$7.028M
YoY Change	40.57%	-29.13%	67.45%
LONG-TERM LIABILITIES
Long-Term Debt	$5.011M	$6.025M	$6.159M
YoY Change	-16.83%	-4.22%	-4.07%
Other Long-Term Liabilities	$1.269M	$69.37K	$101.2K
YoY Change	1729.1%	-46.02%	-24.05%
Total Long-Term Liabilities	$6.280M	$6.094M	$6.260M
YoY Change	3.05%	-5.06%	-4.47%
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.33M	$10.19M	$7.028M
Total Long-Term Liabilities	$6.280M	$6.094M	$6.260M
Total Liabilities	$23.95M	$21.44M	$16.29M
YoY Change	11.74%	-22.89%	-0.99%
SHAREHOLDERS EQUITY
Retained Earnings	$3.098M	$9.128M	$12.99M
YoY Change	-66.06%	-29.29%	8.95%
Common Stock	$13.92M	$13.78M	$13.82M
YoY Change	1.04%	12.01%	17.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$17.02M	$22.90M	$26.81M
YoY Change
Total Liabilities & Shareholders Equity	$40.97M	$44.34M	$43.10M
YoY Change	-7.6%	-16.35%	7.37%

Cashflow Statement

Concept	2020 Q2	2019 Q2	2018 Q4
OPERATING ACTIVITIES
Net Income	-$1.689M	-$617.4K	-$350.3K
YoY Change	173.58%	-144.39%	-40.5%
Depreciation, Depletion And Amortization	$390.0K	$430.0K	$480.0K
YoY Change	-9.3%	-4.44%	6.67%
Cash From Operating Activities	-$1.360M	$700.0K	$2.160M
YoY Change	-294.29%	-125.45%	800.0%
INVESTING ACTIVITIES
Capital Expenditures	-$30.00K	-$160.0K	-$180.0K
YoY Change	-81.25%	0.0%	63.64%
Acquisitions
YoY Change
Other Investing Activities			$0.00
YoY Change
Cash From Investing Activities	-$30.00K	-$160.0K	-$180.0K
YoY Change	-81.25%	0.0%	63.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	5.000M	-660.0K	-2.840M
YoY Change	-857.58%	-124.81%	-1334.78%
NET CHANGE
Cash From Operating Activities	-1.360M	700.0K	2.160M
Cash From Investing Activities	-30.00K	-160.0K	-180.0K
Cash From Financing Activities	5.000M	-660.0K	-2.840M
Net Change In Cash	3.610M	-120.0K	-860.0K
YoY Change	-3108.33%	-52.0%	-338.89%
FREE CASH FLOW
Cash From Operating Activities	-$1.360M	$700.0K	$2.160M
Capital Expenditures	-$30.00K	-$160.0K	-$180.0K
Free Cash Flow	-$1.330M	$860.0K	$2.340M
YoY Change	-254.65%	-133.2%	568.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2020Q2	us-gaap	Loans Payable Current LoansPayableCurrent	305630	USD
CY2019Q4	us-gaap	Loans Payable Current LoansPayableCurrent	738955	USD
CY2019Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1763338	USD
CY2020Q2	us-gaap	Notes Payable To Bank Current NotesPayableToBankCurrent	6000000	USD
CY2019Q4	us-gaap	Notes Payable To Bank Current NotesPayableToBankCurrent	5650000	USD
CY2020Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	4963670	USD
CY2020Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	21332	USD
CY2019Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	15382	USD
CY2020Q2	us-gaap	Liabilities Current LiabilitiesCurrent	14327279	USD
CY2019Q4	us-gaap	Liabilities Current LiabilitiesCurrent	13627027	USD
CY2020Q2	occ	Notes Payable Sbappp Loan Noncurrent NotesPayableSBAPPPLoanNoncurrent	3345059	USD
CY2019Q4	occ	Notes Payable Sbappp Loan Noncurrent NotesPayableSBAPPPLoanNoncurrent	0	USD
CY2020Q2	us-gaap	Long Term Loans Payable LongTermLoansPayable	5010791	USD
CY2019Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	5459352	USD
CY2020Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1400306	USD
CY2020Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7539952
CY2020Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	95251	USD
CY2020Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	105645
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4294809	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	537330	USD
CY2020Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7756215	USD
CY2019Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10347597	USD
CY2020Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	50007	USD
CY2019Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	25004	USD
CY2020Q2	us-gaap	Other Receivables OtherReceivables	73116	USD
CY2019Q4	us-gaap	Other Receivables OtherReceivables	69727	USD
CY2020Q2	us-gaap	Inventory Net InventoryNet	17037152	USD
CY2019Q4	us-gaap	Inventory Net InventoryNet	18095627	USD
CY2020Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	231458	USD
CY2019Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	304713	USD
CY2020Q2	us-gaap	Assets Current AssetsCurrent	29442757	USD
CY2019Q4	us-gaap	Assets Current AssetsCurrent	29379998	USD
CY2020Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9343134	USD
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10010223	USD
CY2020Q2	us-gaap	Income Taxes Receivable Noncurrent IncomeTaxesReceivableNoncurrent	0	USD
CY2019Q4	us-gaap	Income Taxes Receivable Noncurrent IncomeTaxesReceivableNoncurrent	25003	USD
CY2020Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	661923	USD
CY2019Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	659280	USD
CY2020Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1523080	USD
CY2019Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	32430	USD
CY2020Q2	us-gaap	Assets Assets	40970894	USD
CY2019Q4	us-gaap	Assets Assets	40106934	USD
CY2020Q2	occ	Notes Payable Sbappp Loan Current NotesPayableSBAPPPLoanCurrent	1636341	USD
CY2019Q4	occ	Notes Payable Sbappp Loan Current NotesPayableSBAPPPLoanCurrent	0	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4270985	USD
CY2020Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1684130	USD
CY2019Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-612185	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3696175	USD
CY2020Q2	us-gaap	Interest Expense InterestExpense	124786	USD
CY2019Q2	us-gaap	Interest Expense InterestExpense	129291	USD
	us-gaap	Interest Expense InterestExpense	261473	USD
	us-gaap	Gross Profit GrossProfit	6400890	USD
	us-gaap	Gross Profit GrossProfit	8871693	USD
CY2020Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5549501	USD
CY2019Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5776814	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	10373625	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	12550459	USD
CY2020Q2	occ	Royalty Revenue Expense RoyaltyRevenueExpense	2527	USD
CY2019Q2	occ	Royalty Revenue Expense RoyaltyRevenueExpense	1706	USD
	occ	Royalty Revenue Expense RoyaltyRevenueExpense	-15031	USD
	occ	Royalty Revenue Expense RoyaltyRevenueExpense	1488	USD
CY2020Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	10176	USD
CY2019Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9482	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	20167	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	18897	USD
CY2020Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1560400	USD
CY2019Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-475456	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-4007933	USD
CY2019Q4	us-gaap	Long Term Loans Payable LongTermLoansPayable	5169668	USD
CY2020Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1268901	USD
CY2019Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	71339	USD
CY2020Q2	us-gaap	Liabilities Liabilities	23952030	USD
CY2019Q4	us-gaap	Liabilities Liabilities	18868034	USD
CY2020Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2019Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2020Q2	us-gaap	Common Stock Value CommonStockValue	13920921	USD
CY2019Q4	us-gaap	Common Stock Value CommonStockValue	13853334	USD
CY2020Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	3097943	USD
CY2019Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7385566	USD
CY2020Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	17018864	USD
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	21238900	USD
CY2020Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	40970894	USD
CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	40106934	USD
CY2020Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	14863428	USD
CY2019Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	18957175	USD
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	27750824	USD
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	35707843	USD
CY2020Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	10866678	USD
CY2019Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	13648041	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	21349934	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	26836150	USD
CY2020Q2	us-gaap	Gross Profit GrossProfit	3996750	USD
CY2019Q2	us-gaap	Gross Profit GrossProfit	5309134	USD
	us-gaap	Interest Expense InterestExpense	246171	USD
CY2020Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1056	USD
CY2019Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-7438	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1579	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-7280	USD
CY2020Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-123730	USD
CY2019Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-136729	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-263052	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-253451	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3949626	USD
CY2020Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5051	USD
CY2019Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5240	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	10084	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-22181	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-1689181	USD
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	-617425	USD
	us-gaap	Net Income Loss NetIncomeLoss	-4281069	USD
	us-gaap	Net Income Loss NetIncomeLoss	-3927445	USD
CY2020Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.23
CY2019Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.58
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.53
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	21238900	USD
CY2020Q1	occ	Impact Of Adoption Of Accounting Standards Update ImpactOfAdoptionOfAccountingStandardsUpdate	0	USD
CY2020Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	34356	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-2591888	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	18681368	USD
CY2020Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	26677	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-1689181	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	17018864	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	26810837	USD
CY2019Q1	occ	Impact Of Adoption Of Accounting Standards Update ImpactOfAdoptionOfAccountingStandardsUpdate	61763	USD
CY2019Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-66327	USD
CY2019Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	1257	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-3310020	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	23494996	USD
CY2019Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	27169	USD
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	-617425	USD
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	22904740	USD
	us-gaap	Net Income Loss NetIncomeLoss	-4281069	USD
	us-gaap	Net Income Loss NetIncomeLoss	-3927445	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	775343	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	874272	USD
	occ	Provision For Recovery Of Doubtful Accounts ProvisionForRecoveryOfDoubtfulAccounts	452060	USD
	occ	Provision For Recovery Of Doubtful Accounts ProvisionForRecoveryOfDoubtfulAccounts	42693	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	61033	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	898704	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-4377	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1435	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2139322	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1072995	USD
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	3389	USD
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-12002	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1058475	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2768468	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-67120	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-128688	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-820842	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	5060548	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-363032	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-1817695	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	5950	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	2938	USD
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	88418	USD
	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-31777	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-816234	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-451110	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	81494	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	448569	USD
	occ	Payments For Proceeds From Intangible Assets PaymentsForProceedsFromIntangibleAssets	22810	USD
	occ	Payments For Proceeds From Intangible Assets PaymentsForProceedsFromIntangibleAssets	48438	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-104304	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-497007	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	-0	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	937862	USD
	occ	Proceeds From Paycheck Protection Program Under Cares Act ProceedsFromPaycheckProtectionProgramUnderCaresAct	4981400	USD
	occ	Proceeds From Paycheck Protection Program Under Cares Act ProceedsFromPaycheckProtectionProgramUnderCaresAct	0	USD
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	350000	USD
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	2350000	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	592202	USD
	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	329510	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	61181	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	-0	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	-0	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1257	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4678017	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1081371	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	3757479	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	133254	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	537330	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	177413	USD
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4294809	USD
CY2019Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	310667	USD
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	99562	USD
CY2018Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	64242	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	452060	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	42693	USD
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	-0	USD
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	24811	USD
CY2020Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	551622	USD
CY2019Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	82124	USD
CY2020Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	5109148	USD
CY2019Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	5845973	USD
CY2020Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	3794390	USD
CY2019Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	3321216	USD
CY2020Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	7862534	USD
CY2019Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	8632230	USD
CY2020Q2	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	271080	USD
CY2019Q4	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	296208	USD
CY2020Q2	us-gaap	Inventory Net InventoryNet	17037152	USD
CY2019Q4	us-gaap	Inventory Net InventoryNet	18095627	USD
CY2020Q2	us-gaap	Product Warranty Expense ProductWarrantyExpense	48646	USD
	us-gaap	Product Warranty Expense ProductWarrantyExpense	156554	USD
	us-gaap	Product Warranty Expense ProductWarrantyExpense	11389	USD
CY2019Q2	us-gaap	Product Warranty Expense ProductWarrantyExpense	48716	USD
CY2020Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	98558	USD
	us-gaap	Operating Lease Expense OperatingLeaseExpense	194429	USD
CY2020Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P49M27D
CY2020Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.051	pure
CY2020Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	305630	USD
CY2019Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	738955	USD
CY2020Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5010791	USD
CY2019Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5169668	USD
CY2020Q2	occ	Proceeds From Paycheck Protection Program Under Cares Act ProceedsFromPaycheckProtectionProgramUnderCaresAct	4981400	USD
CY2020Q2	occ	Notes Payable Sbappp Loan Periodic Payment NotesPayableSBAPPPLoanPeriodicPayment	280335	USD
CY2020Q2	occ	Notes Payable Sbappp Loan Current NotesPayableSBAPPPLoanCurrent	1636341	USD
CY2020Q2	occ	Notes Payable Sbappp Loan Noncurrent NotesPayableSBAPPPLoanNoncurrent	3345059	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	327071	USD
CY2019Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	120000	USD
CY2018Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	180000	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	92769	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	153981	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	46389	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	176554	USD
	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	-81380	USD
	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	2573	USD
CY2020Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	85000	USD
CY2019Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	160000	USD
CY2020Q2	us-gaap	Long Term Debt LongTermDebt	5316421	USD
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	5908623	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	193362	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	389398	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	389807	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	274132	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	26370	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1600140	USD
CY2020Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	162530	USD
CY2020Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	1437610	USD
	us-gaap	Operating Lease Payments OperatingLeasePayments	189450	USD
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1462817	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-1689181	USD
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	-617425	USD
	us-gaap	Net Income Loss NetIncomeLoss	-4281069	USD
	us-gaap	Net Income Loss NetIncomeLoss	-3927445	USD
CY2020Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	7350427
CY2019Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	7317516
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	7351897
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	7449864
CY2020Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.23
CY2019Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.58
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.53
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	105645
CY2019Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	125893
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	121039
CY2020Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	92810	USD
CY2019Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	19850	USD
CY2020Q2	us-gaap	Contract With Customer Refund Liability ContractWithCustomerRefundLiability	107538	USD
CY2019Q4	us-gaap	Contract With Customer Refund Liability ContractWithCustomerRefundLiability	273512	USD
CY2020Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	14863428	USD
CY2019Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	18957175	USD
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	27750824	USD
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	35707843	USD
	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"> <tbody> <tr style="vertical-align: top;"> <td style="width: 27pt;"> <p style="margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b>(<em style="font: inherit;">13</em>) </b></p> </td> <td> <p style="margin: 0pt; text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b>New Accounting Standards <em style="font: inherit;">Not</em> Yet Adopted</b></p> </td> </tr> </tbody> </table> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27.35pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <em style="font: inherit;"> December 2019, </em>the FASB issued Accounting Standards Update <em style="font: inherit;">2019</em>-<em style="font: inherit;">12,</em> <i>Income Taxes (Topic <em style="font: inherit;">740</em>): Simplifying the Accounting for Income Taxes </i>(“ASU <em style="font: inherit;">2019</em>-<em style="font: inherit;">12”</em>), which is intended to simplify various aspects related to accounting for income taxes. ASU <em style="font: inherit;">2019</em>-<em style="font: inherit;">12</em> removes certain exceptions to the general principles in Topic <em style="font: inherit;">740</em> and also clarifies and amends existing guidance to improve consistent application. ASU <em style="font: inherit;">2019</em>-<em style="font: inherit;">12</em> is effective for fiscal years beginning after <em style="font: inherit;"> December 15, 2020, </em>with early adoption permitted. The Company is currently evaluating the impact of the adoption of ASU <em style="font: inherit;">2019</em>-<em style="font: inherit;">12</em> on its results of operations, financial position and liquidity and its related financial statement disclosures.</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27.35pt;margin-right:0pt;margin-top:0pt;text-align:justify;">There are <em style="font: inherit;">no</em> other new accounting standards issued, but <em style="font: inherit;">not</em> yet adopted by the Company, which are expected to materially impact the Company’s financial position, operating results or financial statement disclosures.</p>

Files In Submission

Name	View Source	Status
0001437749-20-013004-index-headers.html	Edgar Link	pending
0001437749-20-013004-index.html	Edgar Link	pending
0001437749-20-013004.txt	Edgar Link	pending
0001437749-20-013004-xbrl.zip	Edgar Link	pending
ex_189740.htm	Edgar Link	pending
ex_189741.htm	Edgar Link	pending
ex_189742.htm	Edgar Link	pending
ex_189743.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
occ-20200430.xsd	Edgar Link	pending
occ-20200430_cal.xml	Edgar Link	unprocessable
occ-20200430_def.xml	Edgar Link	unprocessable
occ-20200430_lab.xml	Edgar Link	unprocessable
occ-20200430_pre.xml	Edgar Link	unprocessable
occ20200430_10q.htm	Edgar Link	pending
occ20200430_10q_htm.xml	Edgar Link	completed
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
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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

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$OCC
OPTICAL CABLE CORP Stock $occ

2020 Q2 Form 10-Q Financial Statement

#000143774920013004 Filed on June 12, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OCC OPTICAL CABLE CORP Stock $occ

2020 Q2 Form 10-Q Financial Statement

#000143774920013004 Filed on June 12, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OCC
OPTICAL CABLE CORP Stock $occ