Document And Entity Information
Document And Entity Information - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Mar. 05, 2021 | |
Document Information [Line Items] | ||
Entity Registrant Name | AVALON HOLDINGS CORP | |
Entity Central Index Key | 0001061069 | |
Trading Symbol | awx | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Public Float | $ 10.2 | |
Entity Shell Company | false | |
Document Type | 10-K | |
Document Period End Date | Dec. 31, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | FY | |
Amendment Flag | false | |
Title of 12(b) Security | Class A Common Stock, $.01 par value | |
Common Class B [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding (in shares) | 611,784 | |
Common Class A [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding (in shares) | 3,287,647 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Assets | ||
Cash and cash equivalents | $ 4,210 | $ 1,446 |
Accounts receivable, less allowance for credit losses of $265 at December 31, 2020 and $275 at December 31, 2019 | 8,744 | 12,009 |
Unbilled membership dues receivable | 585 | 602 |
Inventories | 910 | 813 |
Prepaid expenses | 730 | 725 |
Other current assets | 80 | 15 |
Total current assets | 15,259 | 15,610 |
Property and equipment, net | 51,299 | 48,978 |
Property and equipment under finance leases, net | 5,735 | 5,878 |
Operating lease right-of-use assets | 1,728 | 1,466 |
Restricted cash | 3,885 | 7,185 |
Noncurrent deferred tax asset | 8 | 8 |
Other assets, net | 36 | 39 |
Total assets | 77,950 | 79,164 |
Liabilities and Equity | ||
Current portion of long-term debt | 1,594 | 1,015 |
Current portion of obligations under finance leases | 333 | 295 |
Current portion of obligations under operating leases | 529 | 513 |
Accounts payable | 9,097 | 11,719 |
Accrued payroll and other compensation | 809 | 961 |
Accrued income taxes | 43 | 93 |
Other accrued taxes | 461 | 434 |
Deferred membership dues revenue | 3,196 | 3,153 |
Other liabilities and accrued expenses | 1,121 | 839 |
Total current liabilities | 17,183 | 19,022 |
Long-term debt, net of current portion | 21,941 | 21,570 |
Obligations under finance leases, net of current portion | 560 | 555 |
Long-term portion of obligations under leases, operating | 1,199 | 953 |
Asset retirement obligation | 100 | 100 |
Equity: | ||
Paid-in capital | 59,196 | 59,147 |
Accumulated deficit | (22,142) | (22,156) |
Total Avalon Holdings Corporation Shareholders' Equity | 37,093 | 37,030 |
Non-controlling interest in subsidiary | (126) | (66) |
Total equity | 36,967 | 36,964 |
Total liabilities and equity | 77,950 | 79,164 |
Common Class A [Member] | ||
Equity: | ||
Common stock | 33 | 33 |
Common Class B [Member] | ||
Equity: | ||
Common stock | $ 6 | $ 6 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) $ in Thousands | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 31, 2019USD ($)$ / sharesshares |
Accounts receivable, allowance for doubtful accounts | $ | $ 265 | $ 275 |
Common Class A [Member] | ||
Common stock, par value (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 10,500,000 | 10,500,000 |
Common stock, shares issued (in shares) | 3,287,647 | 3,263,647 |
Common stock, shares outstanding (in shares) | 3,287,647 | 3,263,647 |
Common stock, votes per share | 1 | 1 |
Common Class B [Member] | ||
Common stock, par value (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Common stock, shares issued (in shares) | 611,784 | 611,784 |
Common stock, shares outstanding (in shares) | 611,784 | 611,784 |
Common stock, votes per share | 10 | 10 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Net operating revenues: | ||
Operating revenues | $ 58,720 | $ 68,357 |
Costs and expenses: | ||
Depreciation and amortization expense | 2,909 | 2,522 |
Selling, general and administrative expenses | 8,672 | 9,430 |
Operating income | 124 | 133 |
Other income (expense): | ||
Interest expense | (1,210) | (837) |
Gain on debt extinguishment | 801 | |
Other income, net | 337 | 329 |
Income (loss) before income taxes | 52 | (375) |
Provision for income taxes | 98 | 160 |
Net loss | (46) | (535) |
Less net loss attributable to non-controlling interest in subsidiary | (60) | (80) |
Net income (loss) attributable to Avalon Holdings Corporation common shareholders | $ 14 | $ (455) |
Income (loss) per share attributable to Avalon Holdings Corporation common shareholders: | ||
Basic net income (loss) per share (in dollars per share) | $ 0 | $ (0.12) |
Diluted net income (loss) per share (in dollars per share) | $ 0 | $ (0.12) |
Weighted average shares outstanding - basic (in shares) | 3,875,693 | 3,875,431 |
Weighted average shares outstanding - diluted (in shares) | 3,878,000 | 3,875,000 |
Waste Management Services [Member] | ||
Net operating revenues: | ||
Operating revenues | $ 40,371 | $ 48,731 |
Costs and expenses: | ||
Operating costs | 31,658 | 39,191 |
Golf and Related Operations [Member] | ||
Net operating revenues: | ||
Operating revenues | 18,349 | 19,626 |
Costs and expenses: | ||
Operating costs | 12,547 | 13,587 |
Golf and Related Operations [Member] | Food and Beverage [Member] | ||
Net operating revenues: | ||
Operating revenues | 6,416 | 7,893 |
Costs and expenses: | ||
Operating costs | 2,810 | 3,494 |
Golf and Related Operations [Member] | Product and Service, Other [Member] | ||
Net operating revenues: | ||
Operating revenues | $ 11,933 | $ 11,733 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities: | ||
Net loss | $ (46,000) | $ (535,000) |
Reconciliation of net loss to cash provided by operating activities: | ||
Depreciation and amortization expense | 2,909,000 | 2,522,000 |
Amortization of debt issuance costs | 42,000 | 31,000 |
Compensation costs - stock options | 6,000 | 6,000 |
Provision for losses on accounts receivable | 40,000 | 33,000 |
Gain from disposal of vehicles | (38,000) | (45,000) |
Gain on debt extinguishment | (801,000) | |
Change in operating assets and liabilities, net of effect of acquisition: | ||
Accounts receivable | 3,225,000 | 155,000 |
Unbilled membership dues receivable | 17,000 | (48,000) |
Inventories | (97,000) | 7,000 |
Prepaid expenses | (5,000) | (83,000) |
Other assets, net | (62,000) | 4,000 |
Accounts payable | (2,769,000) | 675,000 |
Accrued payroll and other compensation | (152,000) | 89,000 |
Accrued income taxes | (50,000) | 9,000 |
Other accrued taxes | 27,000 | 29,000 |
Deferred membership dues revenue | 43,000 | 254,000 |
Other liabilities and accrued expenses | 282,000 | 46,000 |
Net cash provided by operating activities | 2,571,000 | 3,149,000 |
Cash flows from investing activities: | ||
Capital expenditures | (4,549,000) | (7,159,000) |
Payments related to acquisition of New Castle Country Club property | (90,000) | |
Proceeds from disposal of vehicle | 38,000 | 45,000 |
Net cash used in investing activities | (4,511,000) | (7,204,000) |
Cash flows from financing activities: | ||
Proceeds under Paycheck Protection Program loans | 2,765,000 | |
Proceeds under term loan facilities | 26,000,000 | |
Principal payments on term loan facilities | (1,056,000) | (14,551,000) |
Principal payments on finance lease obligations | (348,000) | (247,000) |
Borrowings under line of credit facilities | 1,705,000 | |
Repayment under line of credit facilities | (1,839,000) | |
Payments of debt issuance costs | (290,000) | |
Proceeds from exercise of employee stock options | 43,000 | |
Net cash provided by financing activities | 1,404,000 | 10,778,000 |
Increase (decrease) in cash, cash equivalents and restricted cash | (536,000) | 6,723,000 |
Cash, cash equivalents and restricted cash at beginning of year | 8,631,000 | 1,908,000 |
Cash, cash equivalents and restricted cash at end of year | 8,095,000 | 8,631,000 |
Significant non-cash operating and investing activities: | ||
Capital expenditures included in accounts payable | 147,000 | 590,000 |
Significant non-cash investing and financing activities: | ||
Operating lease right-of-use assets in exchange for lease obligations | 948,000 | 2,002,000 |
Finance lease obligations incurred | 391,000 | 173,000 |
Acquisition of New Castle Country Club real property in exchange for the assumption of outstanding debt | 787,000 | |
Cash paid during the year for interest | 1,156,000 | 790,000 |
Cash paid during the year for income taxes | 148,000 | 151,000 |
Paycheck Protection Program CARES Act [Member] | ||
Significant non-cash operating and financing activities: | ||
Interest forgiven from Paycheck Protection Program Loans | $ 4,000 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands | Common Stock [Member]Common Class A [Member] | Common Stock [Member]Common Class B [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance (in shares) at Dec. 31, 2018 | 3,263,647 | 611,784 | |||||
Balance at Dec. 31, 2018 | $ 33 | $ 6 | $ 59,141 | $ (21,701) | $ 37,479 | $ 14 | $ 37,493 |
Stock options - compensation costs | 6 | 6 | 6 | ||||
Net loss | (455) | (455) | (80) | $ (535) | |||
Exercise of employee stock options (in shares) | |||||||
Net income (loss) | (455) | (455) | (80) | $ (535) | |||
Balance (in shares) at Dec. 31, 2019 | 3,263,647 | 611,784 | |||||
Balance at Dec. 31, 2019 | $ 33 | $ 6 | 59,147 | (22,156) | 37,030 | (66) | 36,964 |
Stock options - compensation costs | 6 | 6 | 6 | ||||
Net loss | 14 | 14 | (60) | $ (46) | |||
Exercise of employee stock options (in shares) | 24,000 | 24,000 | |||||
Exercise of employee stock options | 43 | 43 | $ 43 | ||||
Net income (loss) | 14 | 14 | (60) | (46) | |||
Balance (in shares) at Dec. 31, 2020 | 3,287,647 | 611,784 | |||||
Balance at Dec. 31, 2020 | $ 33 | $ 6 | $ 59,196 | $ (22,142) | $ 37,093 | $ (126) | $ 36,967 |
Note 1 - Description of Busines
Note 1 - Description of Business | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | Note 1. Avalon Holdings Corporation (“Avalon” or the “Company”) was formed on April 30, 1998 June 17, 1998, 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. In addition, Avalon owns Avalon Resorts and Clubs, Inc. (“ARCI”), which includes the operation and management of four |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | Note 2. The significant accounting policies of Avalon, which are summarized below, are consistent with accounting principles generally accepted in the United States and reflect practices appropriate to the businesses in which they operate. The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. The coronavirus/COVID- 19 19" December 31, 2020. 19 may Principles of C onsolidation The consolidated financial statements include the accounts of Avalon, its wholly owned subsidiaries and those companies in which Avalon has managerial control. All significant intercompany accounts and transactions have been eliminated in consolidation. Subsequent E vents Avalon evaluated subsequent events through the date the financial statements were issued and did not $1.1 9. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three may, not not 4 Restricted C ash Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded in restricted cash on the Consolidated Balance Sheets. Restricted cash of $3.9 $7.2 December 31, 2020 2019, 4 9 Inventories Inventories are stated at the lower of cost or net realizable value. Cost of inventories is determined by the average cost method. If necessary, a provision for potentially obsolete or slow-moving inventory is made based on management's analysis of inventory levels and future sales forecasts. Financial Instruments The Company follows the guidance included in the Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures December 31, 2020 2019 The fair value of the Company's term loan approximates carrying value at December 31, 2020 2019, Property and Equipment Property and equipment is stated at cost and depreciated using the straight-line method over the estimated useful life of the asset which varies from 10 30 5 50 3 10 6 Major additions and improvements are charged to the property and equipment accounts while replacements, maintenance and repairs, which do not D ebt I ssuance C osts Debt issuance costs are capitalized and amortized over the life of the related debt. Amortization of deferred financing costs is included in interest expense in the Consolidated Statements of Operations. Debt issuance costs incurred related to the loan and security agreement is presented in the Consolidated Balance Sheets as a direct deduction from the carrying amount of the debt. Debt issuance costs incurred related to the line of credit agreement is presented in the Consolidated Balance Sheets as “Other current assets.” Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and to operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded against net deferred tax assets when management believes it is more likely than not not The provisions of ASC 740, Income Taxes 740” 740 not Revenue Recognition The Company recognizes revenue in accordance with FASB ASC 606, Revenue from Contracts with Customers 606” 606, 5 Accounts Receivable Receivables, net, include amounts billed and currently due from customers. The majority of Avalon's accounts receivable is due from industrial and commercial customers. Credit is extended based on an evaluation of a customer's financial condition and, generally, collateral is not not 5 Leases Avalon applies FASB Accounting Standards Update (“ASU”) 2016 02, Leases 12 7 Non - c ontrolling I nterest Under FASB ASC 810 10, Consolidations – Over all 810 10” As a result of a private placement offering, Avalon is not December 31, 2020 2019, 47% 810 10 , 810 10 16 Share -Based C ompensation Avalon recognizes share-based compensation expense related to stock options issued to employees and directors. Avalon estimates the fair value of the stock options granted using a Monte Carlo simulation. The Monte Carlo Simulation was selected to determine the fair value because it incorporates six 1 2 3 4 5 6 Avalon amortizes the grant date fair value of the stock options over the expected term which approximates the requisite service period. If accelerated vesting occurs based on the market performance of Avalon's common stock, the compensation costs related to the vested stock options that have not Asset Retirement Obligation Avalon recorded an estimated asset retirement obligation of $0.1 December 31, 2020 2019, two third Asset Impairments Avalon reviews the carrying value of its long-lived assets whenever events or changes in circumstances indicate that its carrying amount may not not Avalon reviewed the carrying value of its long-lived assets in accordance with FASB ASC 360 10 35, Property, Plant and Equipment – Overall – Subsequent Measurement not 2020 2019 not Environmental Liabilities When Avalon concludes that it is probable that a liability has been incurred with respect to a site, a provision is made in Avalon's financial statements for Avalon's best estimate of the liability based on management's judgment and experience, information available from regulatory agencies, and the number, financial resources and relative degree of responsibility of other potentially responsible parties who are jointly and severally liable for remediation of that site, as well as, the typical allocation of costs among such parties. If a range of possible outcomes is estimated and no not no not Basic and D iluted N et Income ( L oss ) per S hare 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. Diluted net income (loss) per share attributable to Avalon Holdings Corporation common shareholders is computed by dividing net income (loss) 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. The weighted common equivalent shares 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 periods in which Avalon is in a net loss position, the diluted per share amount reported is equal to the basic per share amount because such dilution would be considered anti-dilutive (See Note 8 |
Note 3 - Recent Accounting Pron
Note 3 - Recent Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | Note 3. Adopted Accounting Standards In February 2016, 2016 02, Leases 2016 02” 12 January 1, 2019, 2016 02 January 1, 2019, $1.7 7 In June 2016, 2016 13, Measurement of Credit Losses on Financial Instruments 2016 13” 2016 13, December 15, 2019, January 1, 2020. 2016 13 January 1, 2020. 2016 13 not 5 |
Note 4 - Cash, Cash Equivalents
Note 4 - Cash, Cash Equivalents and Restricted Cash | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Cash and Cash Equivalents Disclosure [Text Block] | Note 4. The Company considers all highly liquid investments with a maturity of three may, not not Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded in restricted cash on the Consolidated Balance Sheets. Restricted cash consists of loan proceeds deposited into a project fund account to fund costs associated with the renovation and expansion of The Grand Resort and Avalon Field Club at New Castle in accordance with the provisions of the loan and security agreement (See Note 9 The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statements of Cash Flows. Cash, cash equivalents and restricted cash consist of the following at December 31, 2020 2019 2020 2019 Cash and cash equivalents $ 4,210 $ 1,446 Restricted cash 3,885 7,185 Cash, cash equivalents and restricted cash $ 8,095 $ 8,631 |
Note 5 - Revenues
Note 5 - Revenues | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 5. Revenue Recognition The Company identifies a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when obligations under the terms of the contract with our customer are satisfied; generally this occurs with the transfer of control of the good or service to the customer. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. Sales and other taxes we collect concurrent with revenue-producing activities are excluded from revenue. The Company does not not Waste Management Services Avalon's waste management services provide hazardous and nonhazardous waste brokerage and management services, captive landfill management services and salt water injection well operations. Waste management services are provided to industrial, commercial, municipal and governmental customers primarily in selected northeastern and midwestern United States markets. Avalon's waste brokerage and management business assists customers with managing and disposing of wastes at approved treatment and disposal sites based upon a customer's needs. Avalon provides a service to its customers whereby Avalon, arranges for, and accepts responsibility for the removal, transportation and disposal of waste on behalf of the customer. Avalon's landfill management business provides technical and operational services to customers owning captive disposal facilities. A captive disposal facility only disposes of waste generated by the owner of such facility. The Company provides turnkey services, including daily operations, facilities management and management reporting for its customers. Currently, Avalon manages one Avalon is a minority owner with managerial control over two 17 no December 31, 2020 2019. For the years ended December 31, 2020 2019, 69% 71%, December 31, 2020 2019, no one 10% For our waste management services contracts, the customer contracts with us to provide a series of distinct waste management services over time which integrates a set of tasks (i.e. removal, transportation and disposal of waste) into a single project. Avalon provides substantially the same service over time and the same method is used to measure the Company's progress toward complete satisfaction of the performance obligation to transfer each distinct service in the series to the customer. The series of distinct waste management services, which are the same over time, meets the series provision criteria, and as such, the Company treats that series as a single performance obligation. The Company allocates the transaction price to the single performance obligation and recognizes revenue by applying a single measure of progress to that performance obligation. Avalon transfers control of the service over time and, therefore, satisfies the performance obligation and recognizes the revenue over time as the customer simultaneously receives and consumes the benefits provided by Avalon's performance as we perform. In addition, as the promise to provide services qualifies as a series accounted for as a single performance obligation, the Company applied the practical expedient guidance that allows an entity that is recognizing revenue over time by using an output method to recognize revenue equal to the amount that the entity has the right to invoice if the invoiced amount corresponds directly to the value transferred to the customer. The Company applied the standard's practical expedient that permits the omission of disclosures relating to unsatisfied performance obligations as most of the Company's waste management service contracts (i) have an original expected length of one Avalon evaluated whether we are the principal (i.e. report revenues on a gross basis) or agent (i.e. report revenues on a net basis). Avalon reports waste management services on a gross basis, that is, amounts billed to our customers are recorded as revenues, and amounts paid to vendors for providing those services are recorded as operating costs. As principal, Avalon is primarily responsible for fulfilling the promise to provide waste management services for the customer. Avalon accepts credit risk in the event of nonpayment by the customer and is obligated to pay vendors who provide the service regardless of whether the customer pays the Company. Avalon does have a level of discretion in establishing the pricing for its service. Our payment terms vary by the type and location of our customer and the service offered. Avalon does not not The Company assesses each contract amendment individually. Typically, amendments made to our contracts do not not Consideration promised in our waste management contracts do not no Golf and Related Operations Avalon's golf and related operations include the operation and management of four first three 2020 2019. For the years ended December 31, 2020 2019, 31% 29%, December 31, 2020 2019, no one 10% For Avalon's golf and related operations, the Avalon Golf and Country Club offers membership packages for use of the country club facilities and its related amenities. Membership agreements are a one not Membership for the Avalon Golf and Country Club does not not no not Under the terms of the contract, Avalon will provide unlimited use and access to the country club facilities. Avalon's performance obligation in the contract is the “stand ready obligation” to provide access to these facilities for the member for the entire membership term. Avalon providing the “stand ready obligation” for use of the facilities to the member over the entire term of the membership agreement represents a single performance obligation of which Avalon expects the member to receive and consume the benefits of its obligation throughout the membership term, and as such, the Company recognizes membership dues on a straight line basis over the term of the contract. The Company applied the standard's practical expedient that permits the omission of disclosures relating to unsatisfied performance obligations for contracts with an original expected length of one one For our hotel operations, Avalon's performance obligation is to provide lodging facilities. The separate components of providing these services (hotel room, toiletry items, housekeeping, and amenities) are not For food, beverage, and merchandise sales, greens fees and associated cart rental, fitness activities, salon and spa services and other ancillary services, the transaction price is the set price charged by the Company for those goods or services. Upon purchase of the good or service, the Company transfers control of the good or service to the customer and the customer immediately consumes the benefits of the Company's performance and, as such, we recognize revenue at the point of sale. Amounts paid in advance, such as deposits on overnight lodging or for banquet or conferences facilities, are recorded as a liability until the goods or services are provided to the customer (see Contract Liabilities below). The following table presents our net operating revenues disaggregated by revenue source for the years ended December 31, 2020 2019 2020 2019 Waste management and brokerage services $ 38,049 $ 46,041 Captive landfill management operations 2,322 2,690 Total waste management services revenues 40,371 48,731 Food, beverage and merchandise sales 6,416 7,893 Membership dues revenue 6,068 5,710 Room rental revenue 2,223 2,340 Greens fees and cart rental revenue 2,270 1,917 Other revenue 1,372 1,766 Total golf and related operations revenue 18,349 19,626 Total net operating revenues $ 58,720 $ 68,357 Avalon does not not Receivables, Net Receivables, net, include amounts billed and currently due from customers. The amounts due are stated at their net realizable value. At December 31, 2020 2019, $7.9 $11.0 December 31, 2020 no one 10% December 31, 2019 one 14% 13% $0.8 $1.0 December 31, 2020 2019, No one 10% December 31, 2020 2019. The Company maintains an allowance for credit losses to provide for the estimated amount of receivables that will not $0.3 December 31, 2020 2019. On January 1, 2020, 2016 13. 2016 13 not not January 1, 2020. The following table presents changes in our allowance for credit losses during the years ended at December 31, 2020 2019 Provision Write-offs Balance at for Credit less Balance at Beginning of Period Losses Recoveries End of Period Allowance for credit losses Year ended December 31, 2020 $ 275 $ 40 $ (50 ) $ 265 Year ended December 31, 2019 $ 255 $ 33 $ (13 ) $ 275 Contract Assets Contract assets include unbilled membership dues receivables related to the Avalon Golf and Country Club for the customers membership commitment which are billed on a monthly basis over the course of the annual agreement. Such amounts are stated at their net realizable value. Contract assets related to unbilled membership dues are classified as current as revenue related to such agreements is recognized within the annual membership period. Unbilled membership receivables in our Consolidated Balance Sheets were approximately $0.6 December 31, 2020 2019. The following table presents changes in our contract assets during the years ended December 31, 2020 2019 Unbilled Balance at Membership Balance at Beginning of Period Dues Billings End of Period Contract Assets: Unbilled membership dues receivable Year ended December 31, 2020 $ 602 $ 2,143 $ (2,160 ) $ 585 Year ended December 31, 2019 $ 554 $ 2,029 $ (1,981 ) $ 602 Contract Liabilities Contract liabilities include unrecognized or deferred revenues relating to membership dues and customer advance deposits. We record deferred revenue when cash payments are received in advance of satisfying our performance obligation. We classify deferred membership dues revenue as current based on the timing of when we expect to recognize revenue for the membership commitment based on the Company satisfying the stand ready performance obligation throughout the annual membership period. The unrecognized or deferred revenues related to membership dues in our Consolidated Balance Sheets were approximately $3.2 December 31, 2020 2019, 12 $0.7 December 31, 2020 $0.6 December 31, 2019. The following table presents changes in our contract liabilities during the years ended December 31, 2020 2019 Balance at Revenue Balance at Beginning of Period Billings Recognized End of Period Contract Liabilities: Deferred membership dues revenue Year ended December 31, 2020 $ 3,153 $ 6,111 $ (6,068 ) $ 3,196 Year ended December 31, 2019 $ 2,899 $ 5,964 $ (5,710 ) $ 3,153 Customer advance deposits Year ended December 31, 2020 $ 553 $ 917 $ (796 ) $ 674 Year ended December 31, 2019 $ 453 $ 1,540 $ (1,440 ) $ 553 |
Note 6 - Property and Equipment
Note 6 - Property and Equipment | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 6 . Property and Equipment Property and equipment at December 31, 2020 2019 2020 2019 Land and land improvements $ 15,150 $ 14,823 Buildings and improvements 47,026 44,596 Machinery and equipment 5,469 5,005 Office furniture and fixtures 8,000 7,234 Vehicles 677 499 Construction in progress 1,086 581 77,408 72,738 Less accumulated depreciation and amortization (26,109 ) (23,760 ) Property and equipment, net $ 51,299 $ 48,978 At December 31, 2020, not |
Note 7 - Leases
Note 7 - Leases | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Lessee, Operating and Financing Leases [Text Block] | Note 7. Operating Leases Avalon leases golf carts, machinery and equipment for the landfill operations, furniture and fixtures for The Grand Resort and office copiers under operating leases. On January 1, 2019, 2016 02, $1.7 1 5 3.7 December 31, 2020. In connection with the purchase of New Castle Country Club's real property assets on May 13, 2019, $126,000. 3 18 $194,000. During the 2020, $0.9 Leased property and associated obligations under operating leases at December 31, 2020 2019 2020 2019 Operating lease right-of-use assets $ 1,728 $ 1,466 Current portion of obligations under operating leases $ 529 $ 513 Long-term portion of obligations under operating leases 1,199 953 Total obligations under operating leases $ 1,728 $ 1,466 The weighted average discount rate on operating leases was 4.7% December 31, 2020 5.0% December 31, 2019. Finance Leases In November 2003, ten 10 four 4 ten 10 $15,000 $150,000 $150,000 December 31, 2020 32.8 In addition, the golf and related operations also entered into lease agreements for vehicles, golf course maintenance and restaurant equipment and the captive landfill operations entered into lease agreements for equipment which were determined to be finance leases. At December 31, 2020, 1 5 3.0 December 31, 2020. Leased property and associated obligations under finance leases at December 31, 2020 2019 2020 2019 Leased property under finance leases $ 12,112 $ 11,758 Less accumulated amortization (6,377 ) (5,880 ) Leased property under finace leases, net $ 5,735 $ 5,878 Current portion of obligations under finance leases $ 333 $ 295 Long-term portion of obligations under finance leases 560 555 Total obligations under finance leases $ 893 $ 850 The weighted average discount rate on finance leases was 4.5% December 31, 2020 5.2% December 31, 2019. For the years ended December 31, 2020 2019, 2020 2019 Operating lease cost: Rental expense $ 643 $ 775 Finance lease cost: Depreciation expense $ 497 $ 506 Interest expense 40 43 Total finance lease cost $ 537 $ 549 Future commitments under long-term, operating and finance leases at December 31, 2020 Finance Operating Total 2021 $ 372 $ 598 $ 970 2022 174 548 722 2023 116 380 496 2024 105 204 309 2025 41 153 194 Thereafter 405 - 405 Total lease payments 1,213 1,883 3,096 Less imputed interest 320 155 475 Total 893 1,728 2,621 Less: current portion of obligations under leases 333 529 862 Long-term portion of obligations under leases $ 560 $ 1,199 $ 1,759 Future commitments under long-term, operating and finance leases at December 31, 2019 Finance Operating Total 2020 $ 332 $ 575 $ 907 2021 285 513 798 2022 87 323 410 2023 29 154 183 2024 18 27 45 Thereafter 420 - 420 Total lease payments 1,171 1,592 2,763 Less imputed interest 321 126 447 Total 850 1,466 2,316 Less: current portion of obligations under leases 295 513 808 Long-term portion of obligations under leases $ 555 $ 953 $ 1,508 |
Note 8 - Basic and Diluted Net
Note 8 - Basic and Diluted Net Income (Loss) Per Share | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 8. Basic and Diluted N et Income ( L oss ) per S hare Basic net income (loss) per share attributable to Avalon Holdings Corporation common shareholders for the years ended December 31, 2020 2019 3,875,693 2020 3,875,431 2019. Diluted net income (loss) per share attributable to Avalon Holdings Corporation common shareholders is computed by dividing net income (loss) 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. The weighted common equivalent shares 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 year ended December 31, 2020, 3,877,853. December 31, 2019, December 31, 2019 3,903,430. The income (loss) per share calculations for the years ended December 31, 2020 2019 2020 2019 Net income (loss) attributable to Avalon Holdings Corporation common shareholders $ 14 $ (455 ) Shares used in computing basic income (loss) per share 3,876 3,875 Potentially dilutive shares from stock options 2 - Shares used in computing diluted income (loss) per share 3,878 3,875 Income (loss) per share attributable to Avalon Holdings Corporation common shareholders Basic net income (loss) per share $ 0.00 $ (0.12 ) Diluted net income (loss) per share $ 0.00 $ (0.12 ) |
Note 9 - Term Loans and Line of
Note 9 - Term Loans and Line of Credit Agreements | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 9. New Term Loan Agreement On December 20, 2019, $23.0 At closing, $10.3 December 20, 2016 ( “2016 $2.9 March 29, 2019 ( “2019 $1.7 May 31, 2018, $0.6 May 13, 2019 ( $0.3 $7.2 December 30, 2020 2019, $3.9 $7.2 The 2016 2019 The New Term Loan Agreement is payable in 119 , fifteen 15 January 20, 2020 one December 20, 2029. 5.00% fifth 5.00% five two 2 3.60%, no 7.35% Avalon has the right to prepay the amount outstanding under the New Term Loan Agreement, in whole or in part, at any time upon payment of the principal amount of the loan to be prepaid plus accrued unpaid interest thereon to the prepayment date, plus an applicable prepayment penalty. The prepayment penalty, expressed as a percentage of the principal of the loan being prepaid, is five 5% first five four 4% sixth seventh three 3% eighth ninth two 2% tenth Borrowings under the New Term Loan Agreement are secured by certain real property and related business assets as defined in the agreement. The New Term Loan Agreement contains a Fixed Charge Coverage Ratio requirement of at least 1.20 December 31 December 31, 2020. December 31, 2020 2019. The Company capitalized approximately $0.4 2015 03, Simplifying the Presentation of Debt Issuance Costs Line of Credit Agreement On May 31, 2018, $5.0 August 5, 2020, July 31, 2022. $1.0 At December 20, 2019, $1.7 No December 31, 2020 2019. .25%. December 31, 2020, 3.50%. Borrowings under the Line of Credit Agreement are secured by certain business assets of the Company including accounts receivable, inventory and equipment. The Line of Credit Agreement contains a Fixed Charge Coverage Ratio requirement of at least 1.20 December 31 December 31, 2020 2019. Paycheck Protection Program Loan The Coronavirus Aid, Relief, and Economic Security Act, or (“CARES”) Act, was signed into law on March 27, 2020, $2.0 19 100% $10 2.5 not Under the Program, the borrower is eligible for loan forgiveness up to the amount the borrower spends on certain eligible costs during, at the borrowers election, either an 8 24 25% not 1% 18 54 10 In the second 2020, $2.8 24 The Company is accounting for the loans in accordance with Accounting Standards Codification (“ASC”) 470 Debt 470, 405 20, Liabilities: Extinguishments of Liabilities During the fourth 2020, $0.8 $4,000 December 31, 2020, $1.1 $8,000 first second 2021. not not 18 third 2021. During the years ended December 31, 2020 2019, 4.73% 5.46%, Obligations under the Company's debt agreements at December 31, 2020 2019 2020 Gross Amount Debt Issuance Costs Net Amount Term Loan Agreement $ 21,944 $ (373 ) $ 21,571 Paycheck Protection Program Loans 1,964 - 1,964 Total 23,908 (373 ) 23,535 Less current portion 1,636 (42 ) 1,594 Long-term debt $ 22,272 $ (331 ) $ 21,941 2019 Gross Amount Debt Issuance Costs Net Amount New Term Loan Agreement $ 23,000 $ (415 ) $ 22,585 Less current portion 1,057 (42 ) 1,015 Long-term debt $ 21,943 $ (373 ) $ 21,570 At December 31, 2020, 2021 $ 1,636 2022 2,495 2023 1,339 2024 1,290 2025 1,356 Thereafter 15,792 Total $ 23,908 |
Note 10 - Income Taxes
Note 10 - Income Taxes | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 10 . Income Taxes Income (loss) before income taxes for each of the two December 31, 2020 2020 2019 Current: Federal $ (2 ) $ (3 ) State 100 163 Total current income taxes 98 160 Deferred: Federal - - State - - Total deferred income taxes - - Total provision for income taxes $ 98 $ 160 On March 27, 2020, 19 December 31, 2017, 100% January 1, 2021, 80% December 31, 2020. December 31, 2017, January 1, 2021, five not On December 27, 2020, 2021 19 December 31, 2025, December 31, 2021, not not The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 31, 2020 2019 2020 2019 Deferred tax assets: Accounts receivable, allowance for doubtful accounts $ 68 $ 71 Reserves not deductible until paid 55 154 Net operating loss carryforwards Federal 2,170 1,646 State 816 749 Federal tax credit 733 653 Business interest expense carryforward - 235 Operating lease liabilities 416 - Other 69 115 Gross deferred tax assets 4,327 3,623 Less valuation allowance (2,269 ) (2,043 ) Deferred tax assets net of valuation allowance $ 2,058 $ 1,580 Deferred tax liabilities: Property and equipment $ (1,552 ) $ (1,517 ) Operating lease right of use assets (416 ) - Other (82 ) (55 ) Gross deferred tax liabilities $ (2,050 ) $ (1,572 ) Net deferred tax asset $ 8 $ 8 The $2,050,000 $2,058,000 not not $2,269,000 December 31, 2020, The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to the income (loss) before income taxes as a result of the following differences (in thousands): 2020 2019 Income (loss) before income taxes $ 52 $ (375 ) Less net loss attributable to non-controlling interest in subsidiary (60 ) (80 ) Income (loss) before income taxes attributable to Avalon Holdings Corporation common shareholders 112 (295 ) Federal statutory rate 21 % 21 % Computed Federal provision (benefit) for income taxes 24 (62 ) State income taxes, net of federal income tax benefits 79 128 Change in valuation allowance 226 162 Increase in available federal tax credit (80 ) (97 ) Other nondeductible expenses 16 39 Other nontaxable income (168 ) - Other, net 1 (10 ) Total provision for income taxes $ 98 $ 160 Avalon is subject to income taxes in the U.S. federal and various states jurisdictions. With few exceptions, Avalon is no 2016 no 2020 2019. Avalon made net income tax payments of approximately $148,000 $151,000 2020 2019, December 31, 2020, $10,305,000 2018 2018 may 80% $10,305,000 $2,076,000 80% 2018 2023 2037. December 31, 2020, $10,281,000 2039. not not |
Note 11 - Retirement Benefits
Note 11 - Retirement Benefits | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Retirement Benefits [Text Block] | Note 11. Avalon sponsors a defined contribution profit sharing plan that is a qualified tax deferred benefit plan under Section 401 100% five may not 2020 2019. |
Note 12 - Long-term Incentive P
Note 12 - Long-term Incentive Plan | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 12. On March 14, 2019, 2009 “2009 October 2019. 2009 422 The name of the plan was changed to the 2019 2009 1,300,000 1,300,000 2009 2009 not 1,300,000. 2009 April 25, 2019, The purpose of the Avalon Holdings Corporation 2019 NQSO's may not 100% not 110% ten not 100% may, one may not no ten ten no five No one no 6 not No may The stock options, vest ratably over a five ten three not 2018, not not three The grant-date fair values of the stock option awards were estimated using the Monte Carlo Simulation. The Monte Carlo Simulation was selected to determine the fair value because it incorporates six 1 2 3 4 5 6 The grant date fair value of the underlying equity was determined to be equal to Avalon's publicly traded stock price as of the grant dates times the sum of the Class A and Class B common shares outstanding. The expected term, or time until the option is exercised, is typically based on historical exercising behavior of previous option holders of a company's stock. Due to the fact that the Company has had no 2018, five For stock option awards, the expected volatility was based on the observed historical volatility of Avalon common stock. There were no In March 2020, 420,000 2009 not ten December 2020, 24,000 2009 At December 31, 2020, 280,000 2009 36,000 244,000 The following table is a summary of the stock option activity during 2020 2019: Weighted Weighted Number of Average Average Options Exercise Fair Value at Granted Price Grant Date Outstanding at January 1, 2019 688,000 $ 2.52 $ 1.00 Options granted - - - Options exercised - - - Options expired - - - Options cancelled or forfeited - - - Outstanding at December 31, 2019 688,000 2.52 1.00 Options granted - - - Options exercised (24,000 ) 1.83 0.43 Options expired (420,000 ) 2.48 1.02 Options cancelled or forfeited - - - Outstanding at December 31, 2020 244,000 $ 2.66 $ 1.03 Options Vested 226,000 $ 2.72 $ 1.08 Exercisable at December 31, 2020 190,000 $ 2.89 $ 1.20 The stock options vest and become exercisable based upon achieving two 1 Contract Vesting Term: The stock options vest ratably over a five 2 The Avalon common stock price traded on a public stock exchange (NYSE Amex) must reach the predetermined vesting price within three The table below represents the period and predetermined stock price needed for vesting. Begins Ends Predetermined Vesting Vesting Vesting Price Block 1 12 months after Grant Dates 48 months after Grant Dates $ 3.43 Block 2 24 months after Grant Dates 60 months after Grant Dates $ 4.69 Block 3 36 months after Grant Dates 72 months after Grant Dates $ 6.43 Block 4 48 months after Grant Dates 84 months after Grant Dates $ 8.81 Block 5 60 months after Grant Dates 96 months after Grant Dates $ 12.07 The total intrinsic value of the 24,000 December 31, 2020 $64,000. Compensation costs were approximately $6,000 December 31, 2020 2019 December 31, 2020, $12,000 3.42 |
Note 13 - Shareholders' Equity
Note 13 - Shareholders' Equity | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | Note 13. Each share of Class A Common Stock is entitled to one ten 50% 25% one ten not Each share of Class B Common Stock is convertible, at any time, at the option of the shareholder, into one not |
Note 14 - Legal Matters
Note 14 - Legal Matters | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | Note 14. In the ordinary course of conducting its business, Avalon becomes involved in lawsuits, administrative proceedings and governmental investigations, including those related to environmental matters. Some of these proceedings may may not 17 |
Note 15 - Business Segment Info
Note 15 - Business Segment Information | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 15. In determining the segment information, Avalon considered its operating and management structure and the types of information subject to regular review by its “chief operating decision maker.” Using the criteria of FASB ASC 280 Segment Reporting third Avalon's primary business segment, the waste management services segment, provides hazardous and nonhazardous brokerage and management services to industrial, commercial, municipal and governmental customers, captive landfill management for an industrial customer and salt water injection well operations. Avalon's golf and related operations segment consists of four Avalon does not not 2020 2019, no 10% The accounting policies of the segments are consistent with those described for the consolidated financial statements in the summary of significant accounting policies (See Note 2 Business segment information including the reconciliation of segment income (loss) to consolidated income (loss) before taxes is as follows (in thousands): Year Ended December 31, 2020 2019 Net operating revenues from: Waste management services: External customer revenues $ 40,371 $ 48,731 Intersegment revenues - - Total waste management services 40,371 48,731 Golf and related operations: External customer revenues 18,349 19,626 Intersegment revenues 41 61 Total golf and related operations 18,390 19,687 Segment operating revenues 58,761 68,418 Intersegment eliminations (41 ) (61 ) Total net operating revenues $ 58,720 $ 68,357 Income (loss) before income taxes: Waste management services $ 4,588 $ 4,423 Golf and related operations (190 ) (803 ) Segment income before taxes 4,398 3,620 Corporate interest expense (1,170 ) (770 ) Corporate other income (expense), net 16 64 General corporate expenses (3,192 ) (3,289 ) Income (loss) before income taxes $ 52 $ (375 ) Depreciation and amortization expense: Waste management services $ 89 $ 59 Golf and related operations 2,671 2,330 Corporate 149 133 Total depreciation and amortization expense $ 2,909 $ 2,522 Interest expense: Waste management services $ 6 $ 3 Golf and related operations 34 64 Corporate 1,170 770 Total interest expense $ 1,210 $ 837 Gain on debt extinguishment: Waste management services $ 553 $ - Golf and related operations 248 - Corporate - - Total interest expense $ 801 $ - Year Ended December 31, 2020 2019 Capital expenditures: Waste management services $ 99 $ 182 Golf and related operations 4,870 7,536 Corporate 118 204 Total capital expenditures $ 5,087 $ 7,922 December 31, 2020 2019 Total assets: Waste management services $ 31,875 $ 31,574 Golf and related operations 57,863 55,369 Corporate 59,425 58,638 Subtotal 149,163 145,581 Elimination of intersegment receivables (71,213 ) (66,417 ) Total assets $ 77,950 $ 79,164 In comparing the total assets at December 31, 2020 December 31, 2019, $0.3 $2.5 $0.8 |
Note 16 - Certain Relationships
Note 16 - Certain Relationships and Related Transactions | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 16. In August 2013, In 2014 2013, $3.4 $3.8 2014 2013. $1.0 As a result of a private placement offering, Avalon is not December 31, 2020 2019, 47% 810 10 , 810 10 |
Note 17 - Injection Wells Suspe
Note 17 - Injection Wells Suspension | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Suspended Injection Well Costs Disclosure [Text Block] | Note 17. As a result of a seismic event with a magnitude of 2.1 August 31, 2014, September 3, 2014 two two On September 5, 2014, #1 September 18, 2014. September 19, 2014, #2 not On October 2, 2014, #2 March 11, 2015, #2 On August 12, 2015, #2 Avalon appealed that decision to the Franklin County Court of Common Pleas (the “Court”), and on November 1, 2016 December 23, 2016, 26 not On February 21, 2017, #2 February 22, 2017, 10 th March 21, 2017. On September 14, 2017, 10 th July 31, 2018 On September 12, 2018, 10 th November 21, 2018, not 10 th February 21, 2017 #2 On April 5, 2019, no no August 13, 2019. April 2020, Concurrently with the filing of the appeal with the Franklin County Court of Common Pleas, the Company filed a writ of mandamus in the 10 th August 30, 2019 #2 October 6, 2020 In addition, on August 26, 2016, 11 th 19 163. On March 18, 2019, 11 th April 5, 2019. April 7, 2020. September 23, 2020, 11 th |
Note 18 - Asset Acquisition
Note 18 - Asset Acquisition | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Asset Acquisition [Text Block] | No te 18 . Asset Acquisition On May 13, 2019, $0.8 $0.1 $0.7 The outstanding balance under the Commercial Demand Line of Credit was repaid in the second 2019 fourth 2019 9 Subsequent to the asset Purchase and Sale Agreement, Havana Cigar Shop, Inc. was named The Avalon Field Club at New Castle. The Avalon Field Club at New Castle is currently in operation. The operating results are included in the Company's Consolidated Statements of Operations and within Avalon's golf and related operations segment from the date of acquisition. The net operating revenues and results of operations related to The Avalon Field Club at New Castle from the period of acquisition are not not The acquisition is consistent with the Company's golf operations business strategy as members of the Avalon Golf and Country Club have access to all the golf and related country club activities offered by The Avalon Field Club at New Castle. In addition, hotel guests at The Grand Resort can utilize the facility during their stay. The Avalon Field Club at New Castle earns revenue through membership dues, food, beverage and merchandise sales, greens fees and associated cart rentals. The Company accounted for the acquisition of The Avalon Field Club at New Castle in accordance with ASU 2017 01, Business Combinations 2017 01” 2017 01, 2017 01, $67,000 2017 01. The Avalon Field Club also assumed the remaining term of the Club's golf cart operating lease. At acquisition the Company recorded an operating lease right-of-use asset and corresponding obligation under operating leases of approximately $126,000 3 Avalon Holdings Corporation and Subsidiaries The following table summarizes the fair values of the assets acquired and liabilities assumed at the transaction date (in thousands): Assets acquired: Building and land $ 854 Operating lease right-of-use assets 126 Prepaid real estate taxes 23 Total assets acquired: 1,003 Liabilities assumed: Commercial mortgage 653 Demand line of credit 134 Obligations under operating leases 126 Total liabilities assumed 913 Total consideration $ 90 |
Note 19 - Covid-19 Coronavirus
Note 19 - Covid-19 Coronavirus Pandemic | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Covid-19 Coronavirus Pandemic [Text Block] | Note 1 9 . COVID- 19 In December 2019, 19, March 11, 2020, 19 In response to the COVID- 19 March 15, 2020, On March 19, 2020, March 23, 2020, March 2020 In accordance with the “Essential Critical Infrastructure Workforce” guidance issued by the U.S Department of Homeland Security, Cybersecurity & Infrastructure Agency on March 19, 2020, In late May June 2020, On December 12, 2020, January 4, 2021 10 During 2020, 19 2020 third fourth 2020 2021. no We may May 2020 may |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of C onsolidation The consolidated financial statements include the accounts of Avalon, its wholly owned subsidiaries and those companies in which Avalon has managerial control. All significant intercompany accounts and transactions have been eliminated in consolidation. |
Subsequent Events, Policy [Policy Text Block] | Subsequent E vents Avalon evaluated subsequent events through the date the financial statements were issued and did not $1.1 9. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three may, not not 4 |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Restricted C ash Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded in restricted cash on the Consolidated Balance Sheets. Restricted cash of $3.9 $7.2 December 31, 2020 2019, 4 9 |
Inventory, Policy [Policy Text Block] | Inventories Inventories are stated at the lower of cost or net realizable value. Cost of inventories is determined by the average cost method. If necessary, a provision for potentially obsolete or slow-moving inventory is made based on management's analysis of inventory levels and future sales forecasts. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Financial Instruments The Company follows the guidance included in the Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures December 31, 2020 2019 The fair value of the Company's term loan approximates carrying value at December 31, 2020 2019, |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment is stated at cost and depreciated using the straight-line method over the estimated useful life of the asset which varies from 10 30 5 50 3 10 6 Major additions and improvements are charged to the property and equipment accounts while replacements, maintenance and repairs, which do not |
Debt, Policy [Policy Text Block] | D ebt I ssuance C osts Debt issuance costs are capitalized and amortized over the life of the related debt. Amortization of deferred financing costs is included in interest expense in the Consolidated Statements of Operations. Debt issuance costs incurred related to the loan and security agreement is presented in the Consolidated Balance Sheets as a direct deduction from the carrying amount of the debt. Debt issuance costs incurred related to the line of credit agreement is presented in the Consolidated Balance Sheets as “Other current assets.” |
Income Tax, Policy [Policy Text Block] | Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and to operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recorded against net deferred tax assets when management believes it is more likely than not not The provisions of ASC 740, Income Taxes 740” 740 not |
Revenue [Policy Text Block] | Revenue Recognition The Company recognizes revenue in accordance with FASB ASC 606, Revenue from Contracts with Customers 606” 606, 5 |
Accounts Receivable [Policy Text Block] | Accounts Receivable Receivables, net, include amounts billed and currently due from customers. The majority of Avalon's accounts receivable is due from industrial and commercial customers. Credit is extended based on an evaluation of a customer's financial condition and, generally, collateral is not not 5 |
Lessee, Leases [Policy Text Block] | Leases Avalon applies FASB Accounting Standards Update (“ASU”) 2016 02, Leases 12 7 |
Equity Method Investments [Policy Text Block] | Non - c ontrolling I nterest Under FASB ASC 810 10, Consolidations – Over all 810 10” As a result of a private placement offering, Avalon is not December 31, 2020 2019, 47% 810 10 , 810 10 16 |
Share-based Payment Arrangement [Policy Text Block] | Share -Based C ompensation Avalon recognizes share-based compensation expense related to stock options issued to employees and directors. Avalon estimates the fair value of the stock options granted using a Monte Carlo simulation. The Monte Carlo Simulation was selected to determine the fair value because it incorporates six 1 2 3 4 5 6 Avalon amortizes the grant date fair value of the stock options over the expected term which approximates the requisite service period. If accelerated vesting occurs based on the market performance of Avalon's common stock, the compensation costs related to the vested stock options that have not |
Asset Retirement Obligation [Policy Text Block] | Asset Retirement Obligation Avalon recorded an estimated asset retirement obligation of $0.1 December 31, 2020 2019, two third |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Asset Impairments Avalon reviews the carrying value of its long-lived assets whenever events or changes in circumstances indicate that its carrying amount may not not Avalon reviewed the carrying value of its long-lived assets in accordance with FASB ASC 360 10 35, Property, Plant and Equipment – Overall – Subsequent Measurement not 2020 2019 not |
Regulatory Environmental Costs, Policy [Policy Text Block] | Environmental Liabilities When Avalon concludes that it is probable that a liability has been incurred with respect to a site, a provision is made in Avalon's financial statements for Avalon's best estimate of the liability based on management's judgment and experience, information available from regulatory agencies, and the number, financial resources and relative degree of responsibility of other potentially responsible parties who are jointly and severally liable for remediation of that site, as well as, the typical allocation of costs among such parties. If a range of possible outcomes is estimated and no not no not |
Earnings Per Share, Policy [Policy Text Block] | Basic and D iluted N et Income ( L oss ) per S hare 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. Diluted net income (loss) per share attributable to Avalon Holdings Corporation common shareholders is computed by dividing net income (loss) 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. The weighted common equivalent shares 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 periods in which Avalon is in a net loss position, the diluted per share amount reported is equal to the basic per share amount because such dilution would be considered anti-dilutive (See Note 8 |
Note 4 - Cash, Cash Equivalen_2
Note 4 - Cash, Cash Equivalents and Restricted Cash (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Table Text Block] | 2020 2019 Cash and cash equivalents $ 4,210 $ 1,446 Restricted cash 3,885 7,185 Cash, cash equivalents and restricted cash $ 8,095 $ 8,631 |
Note 5 - Revenues (Tables)
Note 5 - Revenues (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | 2020 2019 Waste management and brokerage services $ 38,049 $ 46,041 Captive landfill management operations 2,322 2,690 Total waste management services revenues 40,371 48,731 Food, beverage and merchandise sales 6,416 7,893 Membership dues revenue 6,068 5,710 Room rental revenue 2,223 2,340 Greens fees and cart rental revenue 2,270 1,917 Other revenue 1,372 1,766 Total golf and related operations revenue 18,349 19,626 Total net operating revenues $ 58,720 $ 68,357 |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Provision Write-offs Balance at for Credit less Balance at Beginning of Period Losses Recoveries End of Period Allowance for credit losses Year ended December 31, 2020 $ 275 $ 40 $ (50 ) $ 265 Year ended December 31, 2019 $ 255 $ 33 $ (13 ) $ 275 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Unbilled Balance at Membership Balance at Beginning of Period Dues Billings End of Period Contract Assets: Unbilled membership dues receivable Year ended December 31, 2020 $ 602 $ 2,143 $ (2,160 ) $ 585 Year ended December 31, 2019 $ 554 $ 2,029 $ (1,981 ) $ 602 Balance at Revenue Balance at Beginning of Period Billings Recognized End of Period Contract Liabilities: Deferred membership dues revenue Year ended December 31, 2020 $ 3,153 $ 6,111 $ (6,068 ) $ 3,196 Year ended December 31, 2019 $ 2,899 $ 5,964 $ (5,710 ) $ 3,153 Customer advance deposits Year ended December 31, 2020 $ 553 $ 917 $ (796 ) $ 674 Year ended December 31, 2019 $ 453 $ 1,540 $ (1,440 ) $ 553 |
Note 6 - Property and Equipme_2
Note 6 - Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 2020 2019 Land and land improvements $ 15,150 $ 14,823 Buildings and improvements 47,026 44,596 Machinery and equipment 5,469 5,005 Office furniture and fixtures 8,000 7,234 Vehicles 677 499 Construction in progress 1,086 581 77,408 72,738 Less accumulated depreciation and amortization (26,109 ) (23,760 ) Property and equipment, net $ 51,299 $ 48,978 |
Note 7 - Leases (Tables)
Note 7 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Lessee, Operating Lease Assets and Liabilities [Table Text Block] | 2020 2019 Operating lease right-of-use assets $ 1,728 $ 1,466 Current portion of obligations under operating leases $ 529 $ 513 Long-term portion of obligations under operating leases 1,199 953 Total obligations under operating leases $ 1,728 $ 1,466 |
Lessee, Financing Lease Assets and Liabilities [Table Text Block] | 2020 2019 Leased property under finance leases $ 12,112 $ 11,758 Less accumulated amortization (6,377 ) (5,880 ) Leased property under finace leases, net $ 5,735 $ 5,878 Current portion of obligations under finance leases $ 333 $ 295 Long-term portion of obligations under finance leases 560 555 Total obligations under finance leases $ 893 $ 850 |
Lease, Cost [Table Text Block] | 2020 2019 Operating lease cost: Rental expense $ 643 $ 775 Finance lease cost: Depreciation expense $ 497 $ 506 Interest expense 40 43 Total finance lease cost $ 537 $ 549 |
Lease, Liability, Maturity [Table Text Block] | Finance Operating Total 2021 $ 372 $ 598 $ 970 2022 174 548 722 2023 116 380 496 2024 105 204 309 2025 41 153 194 Thereafter 405 - 405 Total lease payments 1,213 1,883 3,096 Less imputed interest 320 155 475 Total 893 1,728 2,621 Less: current portion of obligations under leases 333 529 862 Long-term portion of obligations under leases $ 560 $ 1,199 $ 1,759 Finance Operating Total 2020 $ 332 $ 575 $ 907 2021 285 513 798 2022 87 323 410 2023 29 154 183 2024 18 27 45 Thereafter 420 - 420 Total lease payments 1,171 1,592 2,763 Less imputed interest 321 126 447 Total 850 1,466 2,316 Less: current portion of obligations under leases 295 513 808 Long-term portion of obligations under leases $ 555 $ 953 $ 1,508 |
Note 8 - Basic and Diluted Ne_2
Note 8 - Basic and Diluted Net Income (Loss) Per Share (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 2020 2019 Net income (loss) attributable to Avalon Holdings Corporation common shareholders $ 14 $ (455 ) Shares used in computing basic income (loss) per share 3,876 3,875 Potentially dilutive shares from stock options 2 - Shares used in computing diluted income (loss) per share 3,878 3,875 Income (loss) per share attributable to Avalon Holdings Corporation common shareholders Basic net income (loss) per share $ 0.00 $ (0.12 ) Diluted net income (loss) per share $ 0.00 $ (0.12 ) |
Note 9 - Term Loans and Line _2
Note 9 - Term Loans and Line of Credit Agreements (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | 2020 Gross Amount Debt Issuance Costs Net Amount Term Loan Agreement $ 21,944 $ (373 ) $ 21,571 Paycheck Protection Program Loans 1,964 - 1,964 Total 23,908 (373 ) 23,535 Less current portion 1,636 (42 ) 1,594 Long-term debt $ 22,272 $ (331 ) $ 21,941 2019 Gross Amount Debt Issuance Costs Net Amount New Term Loan Agreement $ 23,000 $ (415 ) $ 22,585 Less current portion 1,057 (42 ) 1,015 Long-term debt $ 21,943 $ (373 ) $ 21,570 |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2021 $ 1,636 2022 2,495 2023 1,339 2024 1,290 2025 1,356 Thereafter 15,792 Total $ 23,908 |
Note 10 - Income Taxes (Tables)
Note 10 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 2020 2019 Current: Federal $ (2 ) $ (3 ) State 100 163 Total current income taxes 98 160 Deferred: Federal - - State - - Total deferred income taxes - - Total provision for income taxes $ 98 $ 160 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2020 2019 Deferred tax assets: Accounts receivable, allowance for doubtful accounts $ 68 $ 71 Reserves not deductible until paid 55 154 Net operating loss carryforwards Federal 2,170 1,646 State 816 749 Federal tax credit 733 653 Business interest expense carryforward - 235 Operating lease liabilities 416 - Other 69 115 Gross deferred tax assets 4,327 3,623 Less valuation allowance (2,269 ) (2,043 ) Deferred tax assets net of valuation allowance $ 2,058 $ 1,580 Deferred tax liabilities: Property and equipment $ (1,552 ) $ (1,517 ) Operating lease right of use assets (416 ) - Other (82 ) (55 ) Gross deferred tax liabilities $ (2,050 ) $ (1,572 ) Net deferred tax asset $ 8 $ 8 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2020 2019 Income (loss) before income taxes $ 52 $ (375 ) Less net loss attributable to non-controlling interest in subsidiary (60 ) (80 ) Income (loss) before income taxes attributable to Avalon Holdings Corporation common shareholders 112 (295 ) Federal statutory rate 21 % 21 % Computed Federal provision (benefit) for income taxes 24 (62 ) State income taxes, net of federal income tax benefits 79 128 Change in valuation allowance 226 162 Increase in available federal tax credit (80 ) (97 ) Other nondeductible expenses 16 39 Other nontaxable income (168 ) - Other, net 1 (10 ) Total provision for income taxes $ 98 $ 160 |
Note 12 - Long-term Incentive_2
Note 12 - Long-term Incentive Plan (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Weighted Number of Average Average Options Exercise Fair Value at Granted Price Grant Date Outstanding at January 1, 2019 688,000 $ 2.52 $ 1.00 Options granted - - - Options exercised - - - Options expired - - - Options cancelled or forfeited - - - Outstanding at December 31, 2019 688,000 2.52 1.00 Options granted - - - Options exercised (24,000 ) 1.83 0.43 Options expired (420,000 ) 2.48 1.02 Options cancelled or forfeited - - - Outstanding at December 31, 2020 244,000 $ 2.66 $ 1.03 Options Vested 226,000 $ 2.72 $ 1.08 Exercisable at December 31, 2020 190,000 $ 2.89 $ 1.20 |
Schedule Of Period And Predetermined Stock Price Needed For Vesting [Table Text Block] | Begins Ends Predetermined Vesting Vesting Vesting Price Block 1 12 months after Grant Dates 48 months after Grant Dates $ 3.43 Block 2 24 months after Grant Dates 60 months after Grant Dates $ 4.69 Block 3 36 months after Grant Dates 72 months after Grant Dates $ 6.43 Block 4 48 months after Grant Dates 84 months after Grant Dates $ 8.81 Block 5 60 months after Grant Dates 96 months after Grant Dates $ 12.07 |
Note 15 - Business Segment In_2
Note 15 - Business Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Year Ended December 31, 2020 2019 Net operating revenues from: Waste management services: External customer revenues $ 40,371 $ 48,731 Intersegment revenues - - Total waste management services 40,371 48,731 Golf and related operations: External customer revenues 18,349 19,626 Intersegment revenues 41 61 Total golf and related operations 18,390 19,687 Segment operating revenues 58,761 68,418 Intersegment eliminations (41 ) (61 ) Total net operating revenues $ 58,720 $ 68,357 Income (loss) before income taxes: Waste management services $ 4,588 $ 4,423 Golf and related operations (190 ) (803 ) Segment income before taxes 4,398 3,620 Corporate interest expense (1,170 ) (770 ) Corporate other income (expense), net 16 64 General corporate expenses (3,192 ) (3,289 ) Income (loss) before income taxes $ 52 $ (375 ) Depreciation and amortization expense: Waste management services $ 89 $ 59 Golf and related operations 2,671 2,330 Corporate 149 133 Total depreciation and amortization expense $ 2,909 $ 2,522 Interest expense: Waste management services $ 6 $ 3 Golf and related operations 34 64 Corporate 1,170 770 Total interest expense $ 1,210 $ 837 Gain on debt extinguishment: Waste management services $ 553 $ - Golf and related operations 248 - Corporate - - Total interest expense $ 801 $ - Year Ended December 31, 2020 2019 Capital expenditures: Waste management services $ 99 $ 182 Golf and related operations 4,870 7,536 Corporate 118 204 Total capital expenditures $ 5,087 $ 7,922 December 31, 2020 2019 Total assets: Waste management services $ 31,875 $ 31,574 Golf and related operations 57,863 55,369 Corporate 59,425 58,638 Subtotal 149,163 145,581 Elimination of intersegment receivables (71,213 ) (66,417 ) Total assets $ 77,950 $ 79,164 |
Note 18 - Asset Acquisition (Ta
Note 18 - Asset Acquisition (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Asset Acquisition [Table Text Block] | Assets acquired: Building and land $ 854 Operating lease right-of-use assets 126 Prepaid real estate taxes 23 Total assets acquired: 1,003 Liabilities assumed: Commercial mortgage 653 Demand line of credit 134 Obligations under operating leases 126 Total liabilities assumed 913 Total consideration $ 90 |
Note 1 - Description of Busin_2
Note 1 - Description of Business (Details Textual) | 12 Months Ended |
Dec. 31, 2020 | |
Golf and Related Operations [Member] | |
Number of Golf Courses | 4 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 2 Months Ended | 3 Months Ended | 12 Months Ended | ||
Mar. 11, 2021 | Dec. 31, 2020 | Dec. 31, 2020 | Sep. 30, 2020 | Dec. 31, 2019 | |
Restricted Cash and Cash Equivalents, Noncurrent, Total | $ 3,885,000 | $ 3,885,000 | $ 7,185,000 | ||
Asset Retirement Obligation, Ending Balance | $ 100,000 | $ 100,000 | $ 100,000 | ||
AWMS Holdings, LLC [Member] | |||||
Equity Method Investment, Ownership Percentage | 47.00% | 47.00% | 47.00% | 47.00% | |
Land and Land Improvements [Member] | Minimum [Member] | |||||
Property, Plant and Equipment, Useful Life (Year) | 10 years | ||||
Land and Land Improvements [Member] | Maximum [Member] | |||||
Property, Plant and Equipment, Useful Life (Year) | 30 years | ||||
Building and Building Improvements [Member] | Minimum [Member] | |||||
Property, Plant and Equipment, Useful Life (Year) | 5 years | ||||
Building and Building Improvements [Member] | Maximum [Member] | |||||
Property, Plant and Equipment, Useful Life (Year) | 50 years | ||||
Machinery and Equipment [Member] | Minimum [Member] | |||||
Property, Plant and Equipment, Useful Life (Year) | 3 years | ||||
Machinery and Equipment [Member] | Maximum [Member] | |||||
Property, Plant and Equipment, Useful Life (Year) | 10 years | ||||
Paycheck Protection Program CARES Act [Member] | |||||
Debt Instrument, Decrease, Forgiveness | $ 800,000 | ||||
Paycheck Protection Program CARES Act [Member] | Subsequent Event [Member] | |||||
Debt Instrument, Decrease, Forgiveness | $ 1,100,000 |
Note 3 - Recent Accounting Pr_2
Note 3 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 |
Operating Lease, Right-of-Use Asset | $ 1,728 | $ 1,466 | |
Accounting Standards Update 2016-02 [Member] | |||
Operating Lease, Right-of-Use Asset | $ 1,700 |
Note 4 - Cash, Cash Equivalen_3
Note 4 - Cash, Cash Equivalents and Restricted Cash - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Cash and cash equivalents | $ 4,210 | $ 1,446 | |
Restricted cash | 3,885 | 7,185 | |
Cash, cash equivalents and restricted cash | $ 8,095 | $ 8,631 | $ 1,908 |
Note 5 - Revenues (Details Text
Note 5 - Revenues (Details Textual) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Dec. 30, 2019USD ($) | Dec. 31, 2018USD ($) | Sep. 03, 2014 | |
Number of Suspended Saltwater Injection Wells | 2 | 2 | |||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 58,720 | $ 68,357 | |||
Accounts Receivable, Allowance for Credit Loss, Ending Balance | 300 | 300 | |||
Contract with Customer, Asset, after Allowance for Credit Loss, Total | 585 | 602 | $ 554 | ||
Contract with Customer, Liability, Total | $ 3,200 | $ 3,200 | |||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Number of Major Customers | 0 | 0 | |||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member] | |||||
Concentration Risk, Percentage | 13.00% | ||||
Waste Management Services [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 40,371 | $ 48,731 | |||
Revenue from Contract with Customer, Excluding Assessed Tax, Percentage | 69.00% | 71.00% | |||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 7,900 | $ 11,000 | |||
Waste Management Services [Member] | Maximum [Member] | |||||
Contract Term (Year) | 1 year | ||||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Number of Major Customers | 1 | 1 | |||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | |||||
Number of Major Customers | 1 | 1 | |||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member] | |||||
Concentration Risk, Percentage | 14.00% | ||||
Golf and Related Operations [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 18,349 | $ 19,626 | |||
Revenue from Contract with Customer, Excluding Assessed Tax, Percentage | 31.00% | 29.00% | |||
Number of Golf Courses | 4 | ||||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 800 | $ 1,000 | |||
Golf and Related Operations [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Number of Major Customers | 1 | 1 | |||
Membership Agreement, Term (Year) | 1 year | ||||
Golf and Related Operations [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | |||||
Number of Major Customers | 1 | 1 | |||
Salt Water Injection Operations [Member] | Waste Management Services [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 0 | $ 0 | |||
Customer Advance Deposits [Member] | |||||
Contract with Customer, Liability, Total | $ 674 | $ 553 | $ 453 |
Note 5 - Revenues - Disaggregat
Note 5 - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 58,720 | $ 68,357 |
Waste Management Services [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 40,371 | 48,731 |
Waste Management Services [Member] | Waste Brokerage And Management Services Member | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 38,049 | 46,041 |
Waste Management Services [Member] | Captive Landfill Management Operations [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 2,322 | 2,690 |
Golf and Related Operations [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 18,349 | 19,626 |
Golf and Related Operations [Member] | Food and Beverage [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 6,416 | 7,893 |
Golf and Related Operations [Member] | Membership Dues [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 6,068 | 5,710 |
Golf and Related Operations [Member] | Room Rental [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 2,223 | 2,340 |
Golf and Related Operations [Member] | Green Fees and Cart Rental [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 2,270 | 1,917 |
Golf and Related Operations [Member] | Other Revenue [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 1,372 | $ 1,766 |
Note 5 - Revenues - Allowance f
Note 5 - Revenues - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Allowance for doubtful accounts, Balance | $ 275 | $ 255 |
Provision for losses on accounts receivable | 40 | 33 |
Recoveries | (50) | (13) |
Allowance for doubtful accounts, Balance | $ 265 | $ 275 |
Note 5 - Revenues - Contract As
Note 5 - Revenues - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Balance | $ 602 | $ 554 |
Unbilled membership dues | 2,143 | 2,029 |
Billings | (2,160) | (1,981) |
Balance | 585 | 602 |
Balance | 3,200 | |
Balance | 3,200 | 3,200 |
Deferred Membership Dues [Member] | ||
Balance | 3,153 | 2,899 |
Billings | 6,111 | 5,964 |
Revenue recognized | (6,068) | (5,710) |
Balance | 3,196 | 3,153 |
Customer Advance Deposits [Member] | ||
Balance | 553 | |
Billings | 917 | 1,540 |
Balance | 674 | 553 |
Revenue recognized, performance obligation satisfied | $ (796) | $ (1,440) |
Note 6 - Property and Equipme_3
Note 6 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Property and equipment, gross | $ 77,408 | $ 72,738 |
Less accumulated depreciation and amortization | (26,109) | (23,760) |
Property and equipment, net | 51,299 | 48,978 |
Land and Land Improvements [Member] | ||
Property and equipment, gross | 15,150 | 14,823 |
Building and Building Improvements [Member] | ||
Property and equipment, gross | 47,026 | 44,596 |
Machinery and Equipment [Member] | ||
Property and equipment, gross | 5,469 | 5,005 |
Office Equipment [Member] | ||
Property and equipment, gross | 8,000 | 7,234 |
Vehicles [Member] | ||
Property and equipment, gross | 677 | 499 |
Construction in Progress [Member] | ||
Property and equipment, gross | $ 1,086 | $ 581 |
Note 7 - Leases (Details Textua
Note 7 - Leases (Details Textual) | 1 Months Ended | ||||
Nov. 30, 2003 | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | May 13, 2019USD ($) | Jan. 01, 2019USD ($) | |
Operating Lease, Liability, Total | $ 1,728,000 | $ 1,466,000 | |||
Operating Lease, Weighted Average Remaining Lease Term (Year) | 3 years 255 days | ||||
Operating Lease, Right-of-Use Asset | $ 1,728,000 | $ 1,466,000 | |||
Operating Lease, Weighted Average Discount Rate, Percent | 4.70% | 5.00% | |||
Lessee, Finance Lease, Term of Contract (Year) | 10 years | ||||
Number of Consecutive Renewal Term Options | 4 | ||||
Lessee, Finance Lease, Renewal Term (Year) | 10 years | ||||
Lessee, Finance Lease, Annual Rent | $ 15,000 | ||||
Leasehold Improvements Required to be Made Per Year | $ 150,000 | ||||
Finance Lease, Weighted Average Remaining Lease Term (Year) | 3 years | ||||
Finance Lease, Weighted Average Discount Rate, Percent | 4.50% | 5.20% | |||
Golf and Related Operations [Member] | |||||
Finance Lease, Weighted Average Remaining Lease Term (Year) | 32 years 292 days | ||||
New Castle Country Club [Member] | |||||
Operating Lease, Liability, Total | $ 126,000 | ||||
Operating Lease, Right-of-Use Asset | 126,000 | ||||
New Castle Country Club [Member] | Vehicles [Member] | |||||
Operating Lease, Liability, Total | $ 900,000 | ||||
Operating Lease, Right-of-Use Asset | $ 194,000 | ||||
New Castle Country Club [Member] | Golf Cart Operating Lease [Member] | |||||
Lessee, Operating Lease, Remaining Lease Term (Year) | 3 years | ||||
Minimum [Member] | |||||
Lessee, Operating Lease, Remaining Lease Term (Year) | 1 year | ||||
Minimum [Member] | Golf and Related Operations [Member] | |||||
Lessee, Finance Lease, Remaining Lease Term (Year) | 1 year | ||||
Maximum [Member] | |||||
Lessee, Operating Lease, Remaining Lease Term (Year) | 5 years | ||||
Maximum [Member] | Golf and Related Operations [Member] | |||||
Lessee, Finance Lease, Remaining Lease Term (Year) | 5 years | ||||
Accounting Standards Update 2016-02 [Member] | |||||
Operating Lease, Liability, Total | $ 1,700,000 | ||||
Operating Lease, Right-of-Use Asset | $ 1,700,000 |
Note 7 - Leases - Operating Lea
Note 7 - Leases - Operating Leases Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Operating lease right-of-use assets | $ 1,728 | $ 1,466 |
Current portion of obligations under operating leases | 529 | 513 |
Long-term portion of obligations under operating leases | 1,199 | 953 |
Total obligations under operating leases | $ 1,728 | $ 1,466 |
Note 7 - Leases - Financing Lea
Note 7 - Leases - Financing Leases Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Leased property under finance leases | $ 12,112 | $ 11,758 |
Less accumulated amortization | (6,377) | (5,880) |
Leased property under finance leases, net | 5,735 | 5,878 |
Current portion of obligations under finance leases | 333 | 295 |
Long-term portion of obligations under finance leases | 560 | 555 |
Total obligations under finance leases | $ 893 | $ 850 |
Note 7 - Leases - Lease Cost (D
Note 7 - Leases - Lease Cost (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Rental expense | $ 643 | $ 775 |
Depreciation expense | 497 | 506 |
Interest expense | 40 | 43 |
Total finance lease cost | $ 537 | $ 549 |
Note 7 - Leases - Future Commit
Note 7 - Leases - Future Commitments Under Long-term Leases (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
2021, finance | $ 372 | $ 332 |
2021, operating | 598 | 575 |
2021, total | 970 | 907 |
2022, finance | 174 | 285 |
2022, operating | 548 | 513 |
2022, total | 722 | 798 |
2023, finance | 116 | 87 |
2023, operating | 380 | 323 |
2023, total | 496 | 410 |
2024, finance | 105 | 29 |
2024, operating | 204 | 154 |
2024, total | 309 | 183 |
2025, finance | 41 | 18 |
2025, operating | 153 | 27 |
2025, total | 194 | |
Thereafter, finance | 405 | 420 |
Thereafter, operating | ||
Thereafter, total | 405 | 420 |
Total lease payments, finance | 1,213 | 1,171 |
Total lease payments, operating | 1,883 | 1,592 |
Total lease payments, total | 3,096 | 2,763 |
Less imputed interest, finance | 320 | 321 |
Less imputed interest, operating | 155 | 126 |
Less imputed interest, total | 475 | 447 |
Total, finance | 893 | 850 |
Total, operating | 1,728 | 1,466 |
Total, total | 2,621 | 2,316 |
Less: current portion of obligations under leases, finance | 333 | 295 |
Less: current portion of obligations under leases, operating | 529 | 513 |
Less: current portion of obligations under leases, total | 862 | 808 |
Long-term portion of obligations under leases, finance | 560 | 555 |
Long-term portion of obligations under leases, operating | 1,199 | 953 |
Long-term portion of obligations under leases, total | 1,759 | 1,508 |
2020, finance | 372 | 332 |
2020, operating | 598 | 575 |
2020, total | $ 970 | 907 |
2024, total | $ 45 |
Note 8 - Basic and Diluted Ne_3
Note 8 - Basic and Diluted Net Income (Loss) Per Share (Details Textual) - shares | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Weighted Average Number of Shares Outstanding, Basic, Total (in shares) | 3,875,693 | 3,875,431 |
Weighted Average Number of Shares Outstanding, Assuming Dilution (in shares) | 3,877,853 | 3,903,430 |
Note 8 - Basic and Diluted Ne_4
Note 8 - Basic and Diluted Net Income (Loss) Per Share - Income (Loss) Per Shar (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Net income (loss) attributable to Avalon Holdings Corporation common shareholders | $ 14 | $ (455) |
Weighted Average Number of Shares Outstanding, Basic, Total (in shares) | 3,875,693 | 3,875,431 |
Potentially dilutive shares from stock options (in shares) | 2,000 | |
Shares used in computing diluted income (loss) per share (in shares) | 3,878,000 | 3,875,000 |
Basic net income (loss) per share (in dollars per share) | $ 0 | $ (0.12) |
Diluted net income (loss) per share (in dollars per share) | $ 0 | $ (0.12) |
Note 9 - Term Loans and Line _3
Note 9 - Term Loans and Line of Credit Agreements (Details Textual) | Dec. 20, 2019USD ($) | May 31, 2018USD ($) | Mar. 11, 2021USD ($) | Dec. 31, 2020USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2020 | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) |
Long-term Debt, Gross | $ 23,908,000 | $ 23,908,000 | ||||||
Repayments of Lines of Credit | $ 1,839,000 | |||||||
Payments of Debt Issuance Costs | $ 290,000 | |||||||
Debt Issuance Costs, Net, Total | 373,000 | $ 373,000 | ||||||
Long-term Debt, Weighted Average Interest Rate, over Time | 4.73% | 5.46% | ||||||
New Term Loan Agreement [Member] | ||||||||
Long-term Debt, Gross | $ 23,000,000 | |||||||
Debt Issuance Costs, Net, Total | 415,000 | |||||||
New Term Loan Agreement [Member] | Laurel Capital Corporation [Member] | ||||||||
Long-term Debt, Gross | $ 23,000,000 | |||||||
Payments of Debt Issuance Costs | 300,000 | |||||||
Proceeds from Issuance of Debt | $ 7,200,000 | |||||||
Restricted Cash, Total | $ 3,900,000 | $ 3,900,000 | 7,200,000 | |||||
Debt Instrument, Periodic Payment, Number of Payments | 119 | |||||||
Debt Instrument, Maturity Schedule (Year) | 15 years | |||||||
Debt Instrument, Interest Rate, Stated Percentage, First Five Years | 5.00% | |||||||
Debt Instrument, Prepayment Penalty, Percentage, First Five Years | 5.00% | |||||||
Debt Instrument, Prepayment Penalty, Percentage, Years Six and Seven | 4.00% | |||||||
Debt Instrument, Prepayment Penalty, Percentage, Years Eight and Nine | 3.00% | |||||||
Debt Instrument, Prepayment Penalty, Percentage, Year Ten | 2.00% | |||||||
Debt Instrument, Covenant, Fixed Charge Coverage Ratio | 1.2 | |||||||
Debt Issuance Costs, Net, Total | $ 400,000 | |||||||
The 2016 Term Loan Agreement [Member] | Laurel Capital Corporation [Member] | ||||||||
Repayments of Debt | 10,300,000 | |||||||
The 2019 Term Loan Agreement [Member] | Laurel Capital Corporation [Member] | ||||||||
Repayments of Debt | 2,900,000 | |||||||
The Line of Credit Agreement [Member] | Home Savings Bank [Member] | ||||||||
Repayments of Lines of Credit | 1,700,000 | |||||||
Debt Instrument, Covenant, Fixed Charge Coverage Ratio | 1.2 | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | |||||||
Line of Credit Facility, Amounts in Excess of, Subject to Borrowing Base | $ 1,000,000 | |||||||
Proceeds from Lines of Credit, Total | 0 | |||||||
Line of Credit Facility, Interest Rate at Period End | 3.50% | 3.50% | ||||||
The Line of Credit Agreement [Member] | Home Savings Bank [Member] | Prime Rate [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.25% | |||||||
New Castle Country Club Commercial Mortgage [Member] | Mercer County State Bank [Member] | ||||||||
Repayments of Debt | $ 600,000 | |||||||
Paycheck Protection Program CARES Act [Member] | ||||||||
Long-term Debt, Gross | $ 1,964,000 | $ 1,964,000 | ||||||
Debt Issuance Costs, Net, Total | ||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 2,800,000 | |||||||
Debt Instrument, Decrease, Forgiveness | 800,000 | |||||||
Interest Forgiven | $ 4,000 | $ 4,000 | ||||||
Paycheck Protection Program CARES Act [Member] | Subsequent Event [Member] | ||||||||
Debt Instrument, Decrease, Forgiveness | $ 1,100,000 | |||||||
Interest Forgiven | $ 8,000 |
Note 9 - Term Loans and Line _4
Note 9 - Term Loans and Line of Credit Agreements - Summary of Term Loan and Line of Credit Agreements (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Long-term debt, gross | $ 23,908 | |
Debt issuance costs | (373) | |
Term Loan Agreement | 23,535 | |
Less current portion of long-term debt, gross | 1,636 | $ 1,057 |
Less current portion debt issuance costs | (42) | (42) |
Current portion of long-term debt | 1,594 | 1,015 |
Long-term debt, gross, net of current portion | 22,272 | 21,943 |
Debt issuance costs, net of current portion | (331) | (373) |
Long-term debt | 21,941 | 21,570 |
Less current portion of long-term debt | 1,015 | |
Long-term debt, net of current portion | 21,570 | |
Term Loan Agreement [Member] | ||
Long-term debt, gross | 21,944 | |
Debt issuance costs | (373) | |
Term Loan Agreement | 21,571 | |
New Term Loan Agreement [Member] | ||
Long-term debt, gross | 23,000 | |
Debt issuance costs | (415) | |
Long-term debt | $ 22,585 | |
Paycheck Protection Program CARES Act [Member] | ||
Long-term debt, gross | 1,964 | |
Debt issuance costs | ||
Term Loan Agreement | $ 1,964 |
Note 9 - Term Loans and Line _5
Note 9 - Term Loans and Line of Credit Agreements - Future Maturities of Long-term Debt (Details) $ in Thousands | Dec. 31, 2020USD ($) |
2021 | $ 1,636 |
2022 | 2,495 |
2023 | 1,339 |
2024 | 1,290 |
2025 | 1,356 |
Thereafter | 15,792 |
Total | $ 23,908 |
Note 10 - Income Taxes (Details
Note 10 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Deferred Tax Liabilities, Gross, Total | $ 2,050,000 | $ 1,572,000 |
Deferred Tax Assets, Net of Valuation Allowance, Total | 2,058,000 | 1,580,000 |
Deferred Tax Assets, Valuation Allowance, Total | 2,269,000 | 2,043,000 |
Income Tax Examination, Penalties and Interest Accrued, Total | 0 | 0 |
Income Taxes Paid, Net, Total | $ 148,000 | $ 151,000 |
Domestic Tax Authority [Member] | ||
Open Tax Year | 2016 2017 2018 2019 2020 | |
Operating Loss Carryforwards, Total | $ 10,305,000 | |
Domestic Tax Authority [Member] | Indefinite Tax Credit Carryforward [Member] | ||
Operating Loss Carryforwards, Total | $ 2,076,000 | |
State and Local Jurisdiction [Member] | ||
Open Tax Year | 2016 2017 2018 2019 2020 | |
Operating Loss Carryforwards, Total | $ 10,281,000 |
Note 10 - Income Taxes - Income
Note 10 - Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Federal | $ (2) | $ (3) |
State | 100 | 163 |
Total current income taxes | 98 | 160 |
Federal | ||
State | ||
Total deferred income taxes | ||
Total provision for income taxes | $ 98 | $ 160 |
Note 10 - Income Taxes - Deferr
Note 10 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2020 | Dec. 31, 2019 |
Deferred tax assets: | ||
Accounts receivable, allowance for doubtful accounts | $ 68,000 | $ 71,000 |
Reserves not deductible until paid | 55,000 | 154,000 |
Net operating loss carryforwards | ||
Federal | 2,170,000 | 1,646,000 |
State | 816,000 | 749,000 |
Federal tax credit | 733,000 | 653,000 |
Business interest expense carryforward | 235,000 | |
Operating lease liabilities | 416,000 | |
Other | 69,000 | 115,000 |
Gross deferred tax assets | 4,327,000 | 3,623,000 |
Less valuation allowance | (2,269,000) | (2,043,000) |
Deferred tax assets net of valuation allowance | 2,058,000 | 1,580,000 |
Deferred tax liabilities: | ||
Property and equipment | (1,552,000) | (1,517,000) |
Operating lease right of use assets | (416,000) | |
Other | (82,000) | (55,000) |
Gross deferred tax liabilities | (2,050,000) | (1,572,000) |
Net deferred tax asset | $ 8,000 | $ 8,000 |
Note 10 - Income Taxes - Inco_2
Note 10 - Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Income (loss) before income taxes | $ 52 | $ (375) |
Less net loss attributable to non-controlling interest in subsidiary | (60) | (80) |
ncome (loss) before income taxes attributable to Avalon Holdings Corporation common shareholders | $ 112 | $ (295) |
Federal statutory rate | 21.00% | 21.00% |
Computed Federal provision (benefit) for income taxes | $ 24 | $ (62) |
State income taxes, net of federal income tax benefits | 79 | 128 |
Change in valuation allowance | 226 | 162 |
Increase in available federal tax credit | (80) | (97) |
Other nondeductible expenses | 16 | 39 |
Other nontaxable income | (168) | |
Other, net | 1 | (10) |
Total provision for income taxes | $ 98 | $ 160 |
Note 11 - Retirement Benefits (
Note 11 - Retirement Benefits (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage | 100.00% | |
Defined Contribution Plan, Employers Matching Contribution, Requisite Service Period (Year) | 5 years | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 0 | $ 0 |
Note 12 - Long-term Incentive_3
Note 12 - Long-term Incentive Plan (Details Textual) - USD ($) | 1 Months Ended | 12 Months Ended | 135 Months Ended | |||||
Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Apr. 25, 2019 | Dec. 31, 2018 | Oct. 06, 2009 | |
Minimum Percentage of Fair Market Value for Non-qualified Stock Option Price | 100.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period (in shares) | 420,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 24,000 | 24,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 244,000 | 244,000 | 688,000 | 244,000 | 688,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 64,000 | |||||||
Share-based Payment Arrangement, Expense | 6,000 | $ 6,000 | ||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 12,000 | $ 12,000 | $ 12,000 | |||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 3 years 153 days | |||||||
Ten Percent Shareholders [Member] | ||||||||
Minimum Percentage of Fair Market Value for Incentive Stock Option Price | 110.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||
Other Employees [Member] | ||||||||
Minimum Percentage of Fair Market Value for Incentive Stock Option Price | 100.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 5 years | |||||||
Avalon Holdings Corporation 2009 Long Term Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years | |||||||
Number Of Years After Options Vested, Stock Price Reach Predetermined Vesting Price (Year) | 3 years | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 0.00% | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 36,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares) | 280,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 244,000 | 244,000 | 244,000 | |||||
Avalon Holdings Corporation 2009 Long Term Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period (Year) | 1 year | |||||||
Avalon Holdings Corporation 2009 Long Term Incentive Plan [Member] | Share-based Payment Arrangement, Option [Member] | Minimum [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period (Year) | 180 days | |||||||
Avalon Holdings Corporation 2009 Long Term Incentive Plan [Member] | Common Class A [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 1,300,000 | |||||||
The 2019 Long-Term Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period (in shares) | 420,000 | |||||||
The 2019 Long-Term Incentive Plan [Member] | Common Class A [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 1,300,000 | |||||||
Avalon Holdings Corporation 2009 Long Term Incentive Plan And 2019 Long Term Incentive Plan [Member] | Common Class A [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 1,300,000 |
Note 12 - Long-term Incentive_4
Note 12 - Long-term Incentive Plan - Stock Option Activity (Details) - $ / shares | 1 Months Ended | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | |
Outstanding outstanding (in shares) | 688,000 | 688,000 | ||
Weighted average exercise price, options outstanding (in dollars per share) | $ 2.52 | $ 2.52 | ||
Weighted average fair value at grant date, options outstanding (in dollars per share) | $ 1 | $ 1 | ||
Options granted (in shares) | ||||
Weighted average exercise price, options granted (in dollars per share) | ||||
Options exercised (in shares) | (24,000) | (24,000) | ||
Weighted average exercise price, options exercised (in dollars per share) | $ 1.83 | |||
Weighted average fair value at grant date, options exercised (in dollars per share) | $ 0.43 | |||
Options expired (in shares) | (420,000) | |||
Weighted average exercise price, options expired (in dollars per share) | $ 2.48 | |||
Weighted average fair value at grant date, options expired (in dollars per share) | $ 1.02 | |||
Options cancelled or forfeited (in shares) | ||||
Weighted average exercise price, options cancelled or forfeited (in dollars per share) | ||||
Outstanding outstanding (in shares) | 244,000 | 244,000 | 688,000 | |
Weighted average fair value at grant date, options outstanding (in dollars per share) | $ 1.03 | $ 1.03 | $ 1 | |
Options cancelled or forfeited (in shares) | ||||
Outstanding outstanding (in shares) | 244,000 | 244,000 | 688,000 | 244,000 |
Weighted average exercise price, options outstanding (in dollars per share) | $ 2.66 | $ 2.66 | $ 2.52 | |
Weighted average fair value at grant date, options outstanding (in dollars per share) | $ 1.03 | $ 1.03 | $ 1 | $ 1.03 |
Options Vested (in shares) | 226,000 | |||
Weighted average exercise price, options vested (in dollars per share) | $ 2.72 | |||
Weighted average fair value at grant date, options vested (in dollars per share) | $ 1.08 | |||
Options exercisable (in shares) | 190,000 | |||
Weighted average exercise price, options exercisable (in dollars per share) | $ 2.89 | |||
Weighted average fair value at grant date, options exercisable (in dollars per share) | $ 1.20 |
Note 12 - Long-term Incentive_5
Note 12 - Long-term Incentive Plan - Period and Predetermined Stock Price Needed for Vesting (Details) | 12 Months Ended |
Dec. 31, 2020$ / shares | |
Share-based Payment Arrangement, Tranche One [Member] | |
Begins Vesting | 12 months after Grant Dates |
Ends Vesting | 48 months after Grant Dates |
Predetermined Vesting Price (in dollars per share) | $ 3.43 |
Share-based Payment Arrangement, Tranche Two [Member] | |
Begins Vesting | 24 months after Grant Dates |
Ends Vesting | 60 months after Grant Dates |
Predetermined Vesting Price (in dollars per share) | $ 4.69 |
Share-based Payment Arrangement, Tranche Three [Member] | |
Begins Vesting | 36 months after Grant Dates |
Ends Vesting | 72 months after Grant Dates |
Predetermined Vesting Price (in dollars per share) | $ 6.43 |
Share-Based Compensation Award Tranche Four [Member] | |
Begins Vesting | 48 months after Grant Dates |
Ends Vesting | 84 months after Grant Dates |
Predetermined Vesting Price (in dollars per share) | $ 8.81 |
Share-Based Compensation Award Tranche Five [Member] | |
Begins Vesting | 60 months after Grant Dates |
Ends Vesting | 96 months after Grant Dates |
Predetermined Vesting Price (in dollars per share) | $ 12.07 |
Note 13 - Shareholders' Equity
Note 13 - Shareholders' Equity (Details Textual) | 12 Months Ended | |
Dec. 31, 2020shares | Dec. 31, 2019 | |
Number of Class A Common Stock Convertible with Each Class B Common Stock (in shares) | 1 | |
Common Class A [Member] | ||
Common Stock, Votes Per Share | 1 | 1 |
Common Class B [Member] | ||
Common Stock, Votes Per Share | 10 | 10 |
Note 15 - Business Segment In_3
Note 15 - Business Segment Information (Details Textual) $ in Millions | 12 Months Ended | |
Dec. 31, 2020USD ($) | Dec. 31, 2019 | |
Corporate, Non-Segment [Member] | ||
Increase (Decrease) in Total Assets | $ 0.8 | |
Waste Management Services [Member] | ||
Increase (Decrease) in Total Assets | 0.3 | |
Golf and Related Operations [Member] | ||
Increase (Decrease) in Total Assets | $ 2.5 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | ||
Number of Major Customers | 0 | 0 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Waste Management Services [Member] | ||
Number of Major Customers | 1 | 1 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Golf and Related Operations [Member] | ||
Number of Major Customers | 1 | 1 |
Note 15 - Business Segment In_4
Note 15 - Business Segment Information - Segment Reporting Information (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 58,720 | $ 68,357 |
Income (loss) before income taxes | 52 | (375) |
Interest expense | (1,210) | (837) |
Other income, net | 337 | 329 |
Income (loss) before income taxes | 52 | (375) |
Depreciation and amortization expense | 2,909 | 2,522 |
Interest expense | 1,210 | 837 |
Gain on debt extinguishment | 801 | |
Capital expenditures | 5,087 | 7,922 |
Total Assets | 77,950 | 79,164 |
Waste Management Services [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 40,371 | 48,731 |
Golf and Related Operations [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 18,349 | 19,626 |
Operating Segments [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 58,761 | 68,418 |
Income (loss) before income taxes | 4,398 | 3,620 |
Income (loss) before income taxes | 4,398 | 3,620 |
Total Assets | 149,163 | 145,581 |
Operating Segments [Member] | Waste Management Services [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 40,371 | 48,731 |
Income (loss) before income taxes | 4,588 | 4,423 |
Interest expense | (6) | (3) |
Income (loss) before income taxes | 4,588 | 4,423 |
Depreciation and amortization expense | 89 | 59 |
Interest expense | 6 | 3 |
Gain on debt extinguishment | 553 | |
Capital expenditures | 99 | 182 |
Total Assets | 31,875 | 31,574 |
Operating Segments [Member] | Golf and Related Operations [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 18,390 | 19,687 |
Income (loss) before income taxes | (190) | (803) |
Interest expense | (34) | (64) |
Income (loss) before income taxes | (190) | (803) |
Depreciation and amortization expense | 2,671 | 2,330 |
Interest expense | 34 | 64 |
Gain on debt extinguishment | 248 | |
Capital expenditures | 4,870 | 7,536 |
Total Assets | 57,863 | 55,369 |
Intersegment Eliminations [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | (41) | (61) |
Total Assets | (71,213) | (66,417) |
Intersegment Eliminations [Member] | Waste Management Services [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | ||
Intersegment Eliminations [Member] | Golf and Related Operations [Member] | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 41 | 61 |
Corporate, Non-Segment [Member] | ||
Interest expense | (1,170) | (770) |
Other income, net | 16 | 64 |
General corporate expenses | (3,192) | (3,289) |
Depreciation and amortization expense | 149 | 133 |
Interest expense | 1,170 | 770 |
Gain on debt extinguishment | ||
Capital expenditures | 118 | 204 |
Total Assets | $ 59,425 | $ 58,638 |
Note 16 - Certain Relationshi_2
Note 16 - Certain Relationships and Related Transactions (Details Textual) - USD ($) $ in Millions | 12 Months Ended | 24 Months Ended | ||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2020 | Sep. 30, 2020 | Dec. 31, 2019 | |
Investment in Subsidiary [Member] | Management and Accredited Investors [Member] | ||||||
Related Party Transaction, Amounts of Transaction | $ 1 | |||||
AWMS Holdings, LLC [Member] | ||||||
Equity Method Investments | $ 3.4 | $ 3.4 | $ 3.4 | |||
Proceeds from Issuance of Private Placement | $ 3.8 | $ 3.8 | ||||
Equity Method Investment, Ownership Percentage | 47.00% | 47.00% | 47.00% |
Note 17 - Injection Wells Sus_2
Note 17 - Injection Wells Suspension (Details Textual) | Dec. 31, 2020 | Sep. 03, 2014 |
Number of Suspended Saltwater Injection Wells | 2 | 2 |
Note 18 - Asset Acquisition (De
Note 18 - Asset Acquisition (Details Textual) - USD ($) | May 13, 2019 | Dec. 31, 2020 | Dec. 31, 2019 |
Long-term Debt, Total | $ 23,535,000 | ||
Operating Lease, Right-of-Use Asset | 1,728,000 | $ 1,466,000 | |
Operating Lease, Liability, Total | 1,728,000 | $ 1,466,000 | |
New Castle Country Club [Member] | |||
Long-term Debt, Total | $ 800,000 | ||
Assets Acquisition Recognized Identifiable Assets Acquired and Liabilities Assumed, Demand Line of Credit | 134,000 | ||
Assets Acquisition Recognized Identifiable Assets Acquired and Liabilities Assumed, Commercial Mortgage | 653,000 | ||
Asset Acquisition, Transaction Costs Capitalized | 67,000 | ||
Operating Lease, Right-of-Use Asset | 126,000 | ||
Operating Lease, Liability, Total | 126,000 | ||
New Castle Country Club [Member] | Vehicles [Member] | |||
Operating Lease, Right-of-Use Asset | $ 194,000 | ||
Lessee, Operating Lease, Remaining Term Of Contract (Year) | 3 years | ||
Operating Lease, Liability, Total | $ 900,000 |
Note 18 - Asset Acquisition - A
Note 18 - Asset Acquisition - Assets Acquired and Liabilities Assumed in New Caste Country Club Acquisition (Details) - New Castle Country Club [Member] $ in Thousands | May 13, 2019USD ($) |
Building and land | $ 854 |
Operating lease right-of-use assets | 126 |
Prepaid real estate taxes | 23 |
Total assets acquired: | 1,003 |
Assets Acquisition Recognized Identifiable Assets Acquired and Liabilities Assumed, Commercial Mortgage | 653 |
Assets Acquisition Recognized Identifiable Assets Acquired and Liabilities Assumed, Demand Line of Credit | 134 |
Obligations under operating leases | 126 |
Total liabilities assumed | 913 |
Total consideration | $ 90 |