Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 05, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001061069 | |
Entity Registrant Name | AVALON HOLDINGS CORP | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 1-14105 | |
Entity Incorporation, State or Country Code | OH | |
Entity Tax Identification Number | 34-1863889 | |
Entity Address, Address Line One | One American Way | |
Entity Address, City or Town | Warren | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 44484-5555 | |
City Area Code | 330 | |
Local Phone Number | 856-8800 | |
Title of 12(b) Security | Class A Common Stock, $0.01 par value | |
Trading Symbol | AWX | |
Security Exchange Name | NYSE | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Common Class B [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 611,784 | |
Common Class A [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 3,287,647 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Net operating revenues: | ||||
Operating revenues | $ 21,301 | $ 16,625 | $ 52,804 | $ 44,095 |
Costs and expenses: | ||||
Depreciation and amortization expense | 777 | 741 | 2,308 | 2,152 |
Selling, general and administrative expenses | 2,743 | 2,110 | 7,559 | 6,269 |
Operating income | 1,047 | 1,019 | 928 | 240 |
Other income (expense): | ||||
Interest expense | (290) | (302) | (878) | (913) |
Gain on debt extinguishment | 0 | 0 | 1,964 | 0 |
Other income, net | 85 | 83 | 298 | 264 |
Income (loss) before income taxes | 842 | 800 | 2,312 | (409) |
Provision for income taxes | 27 | 27 | 85 | 95 |
Net income (loss) | 815 | 773 | 2,227 | (504) |
Less net loss attributable to non-controlling interest in subsidiaries | (168) | (8) | (214) | (37) |
Net income (loss) attributable to Avalon Holdings Corporation common shareholders | $ 983 | $ 781 | $ 2,441 | $ (467) |
Basic net income (loss) per share (in dollars per share) | $ 0.25 | $ 0.20 | $ 0.63 | $ (0.12) |
Diluted net income (loss) per share (in dollars per share) | $ 0.25 | $ 0.20 | $ 0.62 | $ (0.12) |
Weighted average shares outstanding - basic (in shares) | 3,899,431 | 3,875,431 | 3,899,431 | 3,875,431 |
Weighted average shares outstanding - diluted (in shares) | 3,930,869 | 3,875,000 | 3,934,838 | 3,875,000 |
Waste Management Services [Member] | ||||
Net operating revenues: | ||||
Operating revenues | $ 11,444 | $ 9,326 | $ 31,279 | $ 29,547 |
Costs and expenses: | ||||
Operating costs | 9,385 | 7,393 | 25,055 | 23,473 |
Golf and Related Operations [Member] | ||||
Net operating revenues: | ||||
Operating revenues | 9,857 | 7,299 | 21,525 | 14,548 |
Costs and expenses: | ||||
Operating costs | 5,692 | 4,270 | 13,356 | 9,777 |
Golf and Related Operations [Member] | Food and Beverage [Member] | ||||
Net operating revenues: | ||||
Operating revenues | 3,984 | 2,851 | 8,608 | 5,247 |
Costs and expenses: | ||||
Operating costs | 1,657 | 1,092 | 3,598 | 2,184 |
Golf and Related Operations [Member] | Product and Service, Other [Member] | ||||
Net operating revenues: | ||||
Operating revenues | $ 5,873 | $ 4,448 | $ 12,917 | $ 9,301 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Assets | ||
Cash and cash equivalents | $ 4,106 | $ 4,210 |
Accounts receivable, less allowance for credit losses | 9,919 | 8,744 |
Unbilled membership dues receivable | 839 | 585 |
Inventories | 1,154 | 910 |
Prepaid expenses | 751 | 730 |
Other current assets | 66 | 80 |
Total current assets | 16,835 | 15,259 |
Property and equipment, net | 52,625 | 51,299 |
Property and equipment under finance leases, net | 5,644 | 5,735 |
Operating lease right-of-use assets | 1,354 | 1,728 |
Restricted cash | 2,092 | 3,885 |
Noncurrent deferred tax asset | 8 | 8 |
Other assets, net | 36 | 36 |
Total assets | 78,594 | 77,950 |
Liabilities and Equity | ||
Current portion of long-term debt | 1,111 | 1,594 |
Current portion of obligations under finance leases | 178 | 333 |
Current portion of obligations under operating leases | 540 | 529 |
Accounts payable | 8,973 | 9,097 |
Accrued payroll and other compensation | 1,226 | 809 |
Accrued income taxes | 97 | 43 |
Other accrued taxes | 428 | 461 |
Deferred membership dues revenue | 4,422 | 3,196 |
Other liabilities and accrued expenses | 1,042 | 1,121 |
Total current liabilities | 18,017 | 17,183 |
Long-term debt, net of current portion | 19,663 | 21,941 |
Obligations under finance leases, net of current portion | 444 | 560 |
Obligations under operating leases, net of current portion | 814 | 1,199 |
Asset retirement obligation | 100 | 100 |
Equity: | ||
Paid-in capital | 59,200 | 59,196 |
Accumulated deficit | (19,701) | (22,142) |
Total Avalon Holdings Corporation Shareholders' Equity | 39,538 | 37,093 |
Non-controlling interest in subsidiaries | 18 | (126) |
Total equity | 39,556 | 36,967 |
Total liabilities and equity | 78,594 | 77,950 |
Common Class A [Member] | ||
Equity: | ||
Common Stock | 33 | 33 |
Common Class B [Member] | ||
Equity: | ||
Common Stock | $ 6 | $ 6 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2021 | Dec. 31, 2020 |
Common Class A [Member] | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common Class B [Member] | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - 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, 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 | 0 | 0 | 4 | 0 | 4 | 0 | 4 |
Net income (loss) | 0 | 0 | 0 | (467) | (467) | (37) | (504) |
Net income (loss) | $ 0 | $ 0 | 0 | (467) | (467) | (37) | (504) |
Balance (in shares) at Sep. 30, 2020 | 3,263,647 | 611,784 | |||||
Balance at Sep. 30, 2020 | $ 33 | $ 6 | 59,151 | (22,623) | 36,567 | (103) | 36,464 |
Balance (in shares) at Jun. 30, 2020 | 3,263,647 | 611,784 | |||||
Balance at Jun. 30, 2020 | $ 33 | $ 6 | 59,150 | (23,404) | 35,785 | (95) | 35,690 |
Stock options - compensation costs | 0 | 0 | 1 | 0 | 1 | 0 | 1 |
Net income (loss) | 0 | 0 | 0 | 781 | 781 | (8) | 773 |
Net income (loss) | $ 0 | $ 0 | 0 | 781 | 781 | (8) | 773 |
Balance (in shares) at Sep. 30, 2020 | 3,263,647 | 611,784 | |||||
Balance at Sep. 30, 2020 | $ 33 | $ 6 | 59,151 | (22,623) | 36,567 | (103) | 36,464 |
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 |
Stock options - compensation costs | 0 | 0 | 4 | 0 | 4 | 0 | 4 |
Investment in subsidiary from accredited investor | 0 | 0 | 0 | 0 | 0 | 358 | 358 |
Net income (loss) | 0 | 0 | 0 | 2,441 | 2,441 | (214) | 2,227 |
Net income (loss) | $ 0 | $ 0 | 0 | 2,441 | 2,441 | (214) | 2,227 |
Balance (in shares) at Sep. 30, 2021 | 3,287,647 | 611,784 | |||||
Balance at Sep. 30, 2021 | $ 33 | $ 6 | 59,200 | (19,701) | 39,538 | 18 | 39,556 |
Balance (in shares) at Jun. 30, 2021 | 3,287,647 | 611,784 | |||||
Balance at Jun. 30, 2021 | $ 33 | $ 6 | 59,199 | (20,684) | 38,554 | (172) | 38,382 |
Stock options - compensation costs | 0 | 0 | 1 | 0 | 1 | 0 | 1 |
Investment in subsidiary from accredited investor | 0 | 0 | 0 | 0 | 0 | 358 | 358 |
Net income (loss) | 0 | 0 | 0 | 983 | 983 | (168) | 815 |
Net income (loss) | $ 0 | $ 0 | 0 | 983 | 983 | (168) | 815 |
Balance (in shares) at Sep. 30, 2021 | 3,287,647 | 611,784 | |||||
Balance at Sep. 30, 2021 | $ 33 | $ 6 | $ 59,200 | $ (19,701) | $ 39,538 | $ 18 | $ 39,556 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 2,227,000 | $ (504,000) |
Reconciliation of net income (loss) to cash provided by operating activities: | ||
Depreciation and amortization expense | 2,308,000 | 2,152,000 |
Amortization of debt issuance costs | 31,000 | 31,000 |
Compensation costs - stock options | 4,000 | 4,000 |
Provision for doubtful accounts | 35,000 | 23,000 |
(Gain) loss from disposal of equipment | (3,000) | 3,000 |
Gain on debt extinguishment | (1,964,000) | 0 |
Change in operating assets and liabilities: | ||
Accounts receivable | (1,210,000) | 3,307,000 |
Unbilled membership dues receivable | (254,000) | (264,000) |
Inventories | (244,000) | (221,000) |
Prepaid expenses | (21,000) | (85,000) |
Other assets, net | 14,000 | 3,000 |
Accounts payable | (418,000) | (3,712,000) |
Accrued payroll and other compensation | 417,000 | (5,000) |
Accrued income taxes | 54,000 | (47,000) |
Other accrued taxes | (33,000) | (72,000) |
Deferred membership dues revenue | 1,226,000 | 888,000 |
Other liabilities and accrued expenses | (79,000) | 286,000 |
Net cash provided by operating activities | 2,090,000 | 1,787,000 |
Cash flows from investing activities: | ||
Capital expenditures | (3,249,000) | (3,207,000) |
Proceeds from disposal of equipment | 3,000 | 0 |
Net cash used in investing activities | (3,246,000) | (3,207,000) |
Cash flows from financing activities: | ||
Proceeds under Paycheck Protection Program loans | 0 | 2,765,000 |
Principal payments on term loan facilities | (828,000) | (787,000) |
Principal payments on finance lease obligations | (271,000) | (276,000) |
Net cash provided by (used in) financing activities | (741,000) | 1,702,000 |
Increase (decrease) in cash, cash equivalents and restricted cash | (1,897,000) | 282,000 |
Cash, cash equivalents and restricted cash at beginning of period | 8,095,000 | 8,631,000 |
Cash, cash equivalents and restricted cash at end of period | 6,198,000 | 8,913,000 |
Significant non-cash operating and investing activities: | ||
Capital expenditures included in accounts payable | 294,000 | 87,000 |
Significant non-cash investing and financing activities: | ||
Operating lease right-of-use assets in exchange for lease obligations | 67,000 | 266,000 |
Finance lease obligations incurred | 0 | 391,000 |
Cash paid during the period for interest | 851,000 | 873,000 |
Cash paid during the period for income taxes | 31,000 | 142,000 |
Paycheck Protection Program CARES Act [Member] | ||
Significant non-cash operating and financing activities: | ||
Interest forgiven from Paycheck Protection Program loans | 17,000 | 0 |
Subsidiaries [Member] | ||
Cash flows from financing activities: | ||
Proceeds from subsidiary private placement offering | $ 358,000 | $ 0 |
Note 1 - Description of Busines
Note 1 - Description of Business | 9 Months Ended |
Sep. 30, 2021 | |
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 - Basis of Presentation
Note 2 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | Note 2. The unaudited condensed consolidated financial statements of Avalon and related notes included herein have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted consistent with such rules and regulations. The accompanying unaudited condensed consolidated financial statements and related notes should be read in conjunction with the consolidated financial statements and related notes included in Avalon’s 2020 The unaudited condensed 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. In the opinion of management, these unaudited condensed consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the financial position of Avalon as of September 30, 2021, The operating results for the interim periods are not The condensed consolidated financial statements presented herein reflect our current estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures as of the date of the financial statements and reported amounts of revenues and expenses during the reporting periods presented. The coronavirus/COVID- 19 19" nine September 30, 2020. 19 nine September 30, 2021. 19, may |
Note 3 - Covid-19 Coronavirus P
Note 3 - Covid-19 Coronavirus Pandemic | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Covid-19 Coronavirus Pandemic [Text Block] | Note 3. 19 In December 2019, 19, March 11, 2020, 19 During the nine September 30, 2020, 19 March 2020, Although the various government mandates impacting our business operations have currently been lifted, we may 19 19 may |
Note 4 - Recent Accounting Pron
Note 4 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | Note 4. In March 2020, 2020 04” 848, Reference Rate Reform. 2020 04 2020 04 may not |
Note 5 - Cash, Cash Equivalents
Note 5 - Cash, Cash Equivalents and Restricted Cash | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Cash and Cash Equivalents Disclosure [Text Block] | Note 5. 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 Condensed 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 10 The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Condensed Consolidated Statements of Cash Flows. Cash, cash equivalents and restricted cash consist of the following at September 30, 2021 December 31, 2020 ( September 30, December 31, 2021 2020 Cash and cash equivalents $ 4,106 $ 4,210 Restricted cash 2,092 3,885 Cash, cash equivalents and restricted cash $ 6,198 $ 8,095 |
Note 6 - Revenues
Note 6 - Revenues | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 6. 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 16 three nine September 30, 2021 2020. For the three September 30, 2021 2020, nine September 30, 2021 2020, nine September 30, 2021, one nine September 30, 2020, 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 2021 2020. For the three September 30, 2021 2020, nine September 30, 2021 2020, nine September 30, 2021 2020, 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 three nine September 30, 2021 2020 Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Waste management and brokerage services $ 10,841 $ 8,792 $ 29,470 $ 27,818 Captive landfill management operations 603 534 1,809 1,729 Total waste management services revenues 11,444 9,326 31,279 29,547 Food, beverage and merchandise sales 3,984 2,851 8,608 5,247 Membership dues revenue 1,684 1,522 4,952 4,540 Room rental revenue 1,824 1,132 3,438 1,725 Greens fees and cart rental revenue 1,467 1,332 2,470 1,998 Tennis lesson revenue 79 72 303 213 Other revenue 819 390 1,754 825 Total golf and related operations revenue 9,857 7,299 21,525 14,548 Total net operating revenues $ 21,301 $ 16,625 $ 52,804 $ 44,095 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 September 30, 2021 December 31, 2020, September 30, 2021, one December 31, 2020 no one 10% September 30, 2021 December 31, 2020, No one 10% September 30, 2021 December 31, 2020. The Company maintains an allowance for credit losses to provide for the estimated amount of receivables that will not September 30, 2021 December 31, 2020. The following table presents changes in our allowance for credit losses during the three nine September 30, 2021 2020 Balance at Beginning of Period Losses Write-offs less Recoveries Balance at End of Period Allowance for credit losses Three months ended September 30, 2021 $ 250 $ 35 $ (18 ) $ 267 Three months ended September 30, 2020 $ 271 $ 9 $ (4 ) $ 276 Nine months ended September 30, 2021 $ 265 $ 35 $ (33 ) $ 267 Nine months ended September 30, 2020 $ 275 $ 23 $ (22 ) $ 276 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 Condensed Consolidated Balance Sheets were approximately $0.8 million at September 30, 2021 December 31, 2020. The following table presents changes in our contract assets during the three nine September 30, 2021 2020 Balance at Beginning of Period Unbilled Membership Dues Billings Balance at End of Period Contract Assets: Unbilled membership dues receivable Three months ended September 30, 2021 $ 1,102 $ 237 $ (500 ) $ 839 Three months ended September 30, 2020 $ 1,109 $ 305 $ (548 ) $ 866 Nine months ended September 30, 2021 $ 585 $ 1,802 $ (1,548 ) $ 839 Nine months ended September 30, 2020 $ 602 $ 1,950 $ (1,686 ) $ 866 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 Condensed Consolidated Balance Sheets were approximately $4.4 million at September 30, 2021 December 31, 2020, 12 September 30, 2021 December 31, 2020. The following table presents changes in our contract liabilities during the three nine September 30, 2021 2020 Balance at Beginning of Period Billings Revenue Recognized Balance at End of Period Contract Liabilities: Deferred membership dues revenue Three months ended September 30, 2021 $ 5,376 $ 730 $ (1,684 ) $ 4,422 Three months ended September 30, 2020 $ 4,776 $ 787 $ (1,522 ) $ 4,041 Nine months ended September 30, 2021 $ 3,196 $ 6,178 $ (4,952 ) $ 4,422 Nine months ended September 30, 2020 $ 3,153 $ 5,428 $ (4,540 ) $ 4,041 Customer advance deposits Three months ended September 30, 2021 $ 784 $ 588 $ (688 ) $ 684 Three months ended September 30, 2020 $ 652 $ 261 $ (301 ) $ 612 Nine months ended September 30, 2021 $ 674 $ 1,299 $ (1,289 ) $ 684 Nine months ended September 30, 2020 $ 553 $ 656 $ (597 ) $ 612 |
Note 7 - Property and Equipment
Note 7 - Property and Equipment | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 7. 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 to 30 years for land improvements; 5 to 50 years in the case of buildings and improvements; and from 3 to 10 years for machinery and equipment, vehicles and office furniture and equipment. Major additions and improvements are charged to the property and equipment accounts while replacements, maintenance and repairs, which do not Property and equipment at September 30, 2021 December 31, 2020 September 30, December 31, 2021 2020 Land and land improvements $ 15,312 $ 15,150 Buildings and improvements 47,997 47,026 Machinery and equipment 5,708 5,469 Office furniture and fixtures 8,521 8,000 Vehicles 661 677 Construction in progress 2,408 1,086 80,607 77,408 Less accumulated depreciation and amortization (27,982 ) (26,109 ) Property and equipment, net $ 52,625 $ 51,299 At September 30, 2021, not Avalon reviews the carrying value of its long-lived assets whenever events or changes in circumstances indicate that its carrying amount may not not first nine 2021 2020, no |
Note 8 - Leases
Note 8 - Leases | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Lessee, Operating and Financing Leases [Text Block] | Note 8. 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. Our operating leases have remaining lease terms ranging from less than 1 year to 4.2 years. The weighted average remaining lease term on operating leases was approximately 3.0 years at September 30, 2021. During the first nine 2021, first nine 2020, Leased property and associated obligations under operating leases at September 30, 2021 December 31, 2020 September 30, December 31, 2021 2020 Operating lease right-of-use assets $ 1,354 $ 1,728 Current portion of obligations under operating leases $ 540 $ 529 Long-term portion of obligations under operating leases 814 1,199 Total obligations under operating leases $ 1,354 $ 1,728 The weighted average discount rate on operating leases was 4.7% at September 30, 2021 December 31, 2020. Finance Leases In November 2003, ten four ten $150,000 September 30, 2021 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 September 30, 2021, September 30, 2021. Leased property and associated obligations under finance leases at September 30, 2021 December 31, 2020 September 30, December 31, 2021 2020 Leased property under finance leases $ 12,434 $ 12,112 Less accumulated amortization (6,790 ) (6,377 ) Leased property under finance leases, net $ 5,644 $ 5,735 Current portion of obligations under finance leases $ 178 $ 333 Long-term portion of obligations under finance leases 444 560 Total obligations under finance leases $ 622 $ 893 The weighted average discount rate on finance leases was 4.8% at September 30, 2021 December 31, 2020. For the three nine September 30, 2021 2020, Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Operating lease cost: Rental expense $ 279 $ 235 $ 571 $ 520 Finance lease cost: Depreciation expense $ 133 $ 148 $ 413 $ 416 Interest expense 9 9 33 30 Total finance lease cost $ 142 $ 157 $ 446 $ 446 For the twelve September 30, Finance Operating Total 2022 $ 206 $ 591 $ 797 2023 132 427 559 2024 107 254 361 2025 55 159 214 2026 15 26 41 Thereafter 405 - 405 Total lease payments 920 1,457 2,377 Less: imputed interest 298 103 401 Total 622 1,354 1,976 Less: current portion of obligations under leases 178 540 718 Long-term portion of obligations under leases $ 444 $ 814 $ 1,258 |
Note 9 - Basic and Diluted Net
Note 9 - Basic and Diluted Net Income (Loss) Per Share | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 9. 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. For both the three nine September 30, 2021, three nine September 30, 2020, 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 three September 30, 2021, nine September 30, 2021, For the three September 30, 2020, nine September 30, 2020, |
Note 10 - Term Loans and Line o
Note 10 - Term Loans and Line of Credit Agreements | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 10. New Term Loan Agreement On December 20, 2019, September 30, 2021 December 31, 2020, The New Term Loan Agreement is payable in 119 equal monthly installments of principal and interest , fifteen January 20, 2020 one December 20, 2029. 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 first five four sixth seventh three eighth ninth two 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 tested on an annual basis on December 31 September 30, 2021 December 31, 2020. The Company capitalized approximately $0.4 million of debt issuance costs in connection with the New Term Loan Agreement. The Company is amortizing these costs over the life of the New Term Loan Agreement. In accordance with ASU 2015 03, Simplifying the Presentation of Debt Issuance Costs Line of Credit Agreement On May 31, 2018, August 17, 2021, July 31, 2023. No amounts were drawn under the Line of Credit Agreement at September 30, 2021 December 31, 2020. September 30, 2021, 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 tested on an annual basis on December 31 September 30, 2021 December 31, 2020. 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, 24 The Company accounted for the loans in accordance with ASC 470 Debt 470, 405 20, Liabilities: Extinguishments of Liabilities During the fourth 2020, first 2021, second 2021, During the three September 30, 2021 2020, nine September 30, 2021 2020, Obligations under the Company’s debt agreements at September 30, 2021 December 31, 2020 September 30, 2021 Gross Amount Debt Issuance Costs Net Amount Term Loan Agreement $ 21,116 $ (342 ) $ 20,774 Less current portion 1,153 (42 ) 1,111 Long-term debt $ 19,963 $ (300 ) $ 19,663 December 31, 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 For the twelve September 30, 2022 $ 1,153 2023 1,212 2024 1,274 2025 1,339 2026 1,408 Thereafter 14,730 Total $ 21,116 |
Note 11 - Income Taxes
Note 11 - Income Taxes | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 11. During the three September 30, 2021 2020, nine September 30, 2021, nine September 30, 2020. three nine September 30, 2021 2020, not not 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 |
Note 12 - Long-term Incentive P
Note 12 - Long-term Incentive Plan | 9 Months Ended |
Sep. 30, 2021 | |
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 2009 2009 not 2009 April 25, 2019, The purpose of the Avalon Holdings Corporation 2019 NQSO’s may not not ten not may, one may not no ten ten no five No one no not No may The stock options, vest ratably over a five ten three not 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 expected dividends and the risk-free interest rate was based on yield data for U. S. Treasury securities over a period consistent with the expected term. In March 2021, 2009 not ten September 30, 2021, 2009 The following table is a summary of the stock option activity during 2021: Number of Options Granted Weighted Average Exercise Price Weighted Average Fair Value at Grant Date Outstanding at January 1, 2021 244,000 2.66 1.03 Options granted - - - Options exercised - - - Options expired (190,000 ) 2.89 1.20 Options cancelled or forfeited - - - Outstanding at September 30, 2021 54,000 $ 1.83 $ 0.43 Options Vested 54,000 $ 1.83 $ 0.43 Exercisable at September 30, 2021 - $ - $ - The stock options vest and become exercisable based upon achieving two 1 five 2 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 Compensation costs were approximately $1,000 for both the three September 30, 2021 2020, nine September 30, 2021 2020, September 30, 2021, |
Note 13 - Legal Matters
Note 13 - Legal Matters | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | Note 13. 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 16 |
Note 14 - Business Segment Info
Note 14 - Business Segment Information | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 14. 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 For the nine September 30, 2021, one nine September 30, 2020, one 10% The accounting policies of the segments are consistent with those described for the consolidated financial statements in the summary of significant accounting policies included in Avalon’s 2020 Business segment information including the reconciliation of segment income before taxes to income (loss) before taxes is as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Net operating revenues from: Waste management services: External customer revenues $ 11,444 $ 9,326 $ 31,279 $ 29,547 Intersegment revenues - - - - Total waste management services 11,444 9,326 31,279 29,547 Golf and related operations: External customer revenues 9,857 7,299 21,525 14,548 Intersegment revenues 15 7 32 37 Total golf and related operations 9,872 7,306 21,557 14,585 Segment operating revenues 21,316 16,632 52,836 44,132 Intersegment eliminations (15 ) (7 ) (32 ) (37 ) Total net operating revenues $ 21,301 $ 16,625 $ 52,804 $ 44,095 Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Income (loss) before income taxes: Waste management services $ 672 $ 855 $ 2,491 $ 2,710 Golf and related operations 1,412 1,018 3,238 101 Segment income before income taxes 2,084 1,873 5,729 2,811 Corporate interest expense (282 ) (293 ) (845 ) (883 ) Corporate gain on debt extinguishment - - 502 - Corporate other income, net 2 9 10 22 General corporate expenses (962 ) (789 ) (3,084 ) (2,359 ) Income (loss) before income taxes $ 842 $ 800 $ 2,312 $ (409 ) Gain on debt extinguishment: Waste management services $ - $ - $ - $ - Golf and related operations - - 1,462 - Corporate - - 502 - Total gain on debt extinguishment $ - $ - $ 1,964 $ - September 30, December 31, 2021 2020 Identifiable assets: Waste management services $ 32,624 $ 31,875 Golf and related operations 59,484 57,863 Corporate 56,835 59,425 Subtotal 148,943 149,163 Elimination of intersegment receivables (70,349 ) (71,213 ) Total $ 78,594 $ 77,950 In comparing total assets at September 30, 2021 December 31, 2020, |
Note 15 - Certain Relationships
Note 15 - Certain Relationships and Related Transactions | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 15. AWMS Holdings, LLC In August 2013, In 2014 2013, 2014 2013. As a result of a private placement offering, Avalon is not September 30, 2021 December 31, 2020, 810 10 , 810 10 three nine September 30, 2021, three nine September 30, 2020, Avalon Med Spa, LLC In March 2021, In 2021, August 2021. In accordance with ASC 810 10 , 810 10 three nine September 30, 2021, |
Note 16 - Injection Wells Suspe
Note 16 - Injection Wells Suspension | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Suspended Injection Well Costs Disclosure [Text Block] | Note 16. 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, 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 September October 2021. 11 th On May 24, 2021, September 3, 2014 #2 three 2.1 May 2021 2022. |
Note 5 - Cash, Cash Equivalen_2
Note 5 - Cash, Cash Equivalents and Restricted Cash (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Table Text Block] | September 30, December 31, 2021 2020 Cash and cash equivalents $ 4,106 $ 4,210 Restricted cash 2,092 3,885 Cash, cash equivalents and restricted cash $ 6,198 $ 8,095 |
Note 6 - Revenues (Tables)
Note 6 - Revenues (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Waste management and brokerage services $ 10,841 $ 8,792 $ 29,470 $ 27,818 Captive landfill management operations 603 534 1,809 1,729 Total waste management services revenues 11,444 9,326 31,279 29,547 Food, beverage and merchandise sales 3,984 2,851 8,608 5,247 Membership dues revenue 1,684 1,522 4,952 4,540 Room rental revenue 1,824 1,132 3,438 1,725 Greens fees and cart rental revenue 1,467 1,332 2,470 1,998 Tennis lesson revenue 79 72 303 213 Other revenue 819 390 1,754 825 Total golf and related operations revenue 9,857 7,299 21,525 14,548 Total net operating revenues $ 21,301 $ 16,625 $ 52,804 $ 44,095 |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Balance at Beginning of Period Losses Write-offs less Recoveries Balance at End of Period Allowance for credit losses Three months ended September 30, 2021 $ 250 $ 35 $ (18 ) $ 267 Three months ended September 30, 2020 $ 271 $ 9 $ (4 ) $ 276 Nine months ended September 30, 2021 $ 265 $ 35 $ (33 ) $ 267 Nine months ended September 30, 2020 $ 275 $ 23 $ (22 ) $ 276 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Balance at Beginning of Period Unbilled Membership Dues Billings Balance at End of Period Contract Assets: Unbilled membership dues receivable Three months ended September 30, 2021 $ 1,102 $ 237 $ (500 ) $ 839 Three months ended September 30, 2020 $ 1,109 $ 305 $ (548 ) $ 866 Nine months ended September 30, 2021 $ 585 $ 1,802 $ (1,548 ) $ 839 Nine months ended September 30, 2020 $ 602 $ 1,950 $ (1,686 ) $ 866 Balance at Beginning of Period Billings Revenue Recognized Balance at End of Period Contract Liabilities: Deferred membership dues revenue Three months ended September 30, 2021 $ 5,376 $ 730 $ (1,684 ) $ 4,422 Three months ended September 30, 2020 $ 4,776 $ 787 $ (1,522 ) $ 4,041 Nine months ended September 30, 2021 $ 3,196 $ 6,178 $ (4,952 ) $ 4,422 Nine months ended September 30, 2020 $ 3,153 $ 5,428 $ (4,540 ) $ 4,041 Customer advance deposits Three months ended September 30, 2021 $ 784 $ 588 $ (688 ) $ 684 Three months ended September 30, 2020 $ 652 $ 261 $ (301 ) $ 612 Nine months ended September 30, 2021 $ 674 $ 1,299 $ (1,289 ) $ 684 Nine months ended September 30, 2020 $ 553 $ 656 $ (597 ) $ 612 |
Note 7 - Property and Equipme_2
Note 7 - Property and Equipment (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | September 30, December 31, 2021 2020 Land and land improvements $ 15,312 $ 15,150 Buildings and improvements 47,997 47,026 Machinery and equipment 5,708 5,469 Office furniture and fixtures 8,521 8,000 Vehicles 661 677 Construction in progress 2,408 1,086 80,607 77,408 Less accumulated depreciation and amortization (27,982 ) (26,109 ) Property and equipment, net $ 52,625 $ 51,299 |
Note 8 - Leases (Tables)
Note 8 - Leases (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Lessee, Operating Lease Assets and Liabilities [Table Text Block] | September 30, December 31, 2021 2020 Operating lease right-of-use assets $ 1,354 $ 1,728 Current portion of obligations under operating leases $ 540 $ 529 Long-term portion of obligations under operating leases 814 1,199 Total obligations under operating leases $ 1,354 $ 1,728 September 30, December 31, 2021 2020 Leased property under finance leases $ 12,434 $ 12,112 Less accumulated amortization (6,790 ) (6,377 ) Leased property under finance leases, net $ 5,644 $ 5,735 Current portion of obligations under finance leases $ 178 $ 333 Long-term portion of obligations under finance leases 444 560 Total obligations under finance leases $ 622 $ 893 |
Lease, Cost [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Operating lease cost: Rental expense $ 279 $ 235 $ 571 $ 520 Finance lease cost: Depreciation expense $ 133 $ 148 $ 413 $ 416 Interest expense 9 9 33 30 Total finance lease cost $ 142 $ 157 $ 446 $ 446 |
Lease, Liability, Maturity [Table Text Block] | Finance Operating Total 2022 $ 206 $ 591 $ 797 2023 132 427 559 2024 107 254 361 2025 55 159 214 2026 15 26 41 Thereafter 405 - 405 Total lease payments 920 1,457 2,377 Less: imputed interest 298 103 401 Total 622 1,354 1,976 Less: current portion of obligations under leases 178 540 718 Long-term portion of obligations under leases $ 444 $ 814 $ 1,258 |
Note 10 - Term Loans and Line_2
Note 10 - Term Loans and Line of Credit Agreements (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | September 30, 2021 Gross Amount Debt Issuance Costs Net Amount Term Loan Agreement $ 21,116 $ (342 ) $ 20,774 Less current portion 1,153 (42 ) 1,111 Long-term debt $ 19,963 $ (300 ) $ 19,663 December 31, 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 |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2022 $ 1,153 2023 1,212 2024 1,274 2025 1,339 2026 1,408 Thereafter 14,730 Total $ 21,116 |
Note 12 - Long-term Incentive_2
Note 12 - Long-term Incentive Plan (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of Options Granted Weighted Average Exercise Price Weighted Average Fair Value at Grant Date Outstanding at January 1, 2021 244,000 2.66 1.03 Options granted - - - Options exercised - - - Options expired (190,000 ) 2.89 1.20 Options cancelled or forfeited - - - Outstanding at September 30, 2021 54,000 $ 1.83 $ 0.43 Options Vested 54,000 $ 1.83 $ 0.43 Exercisable at September 30, 2021 - $ - $ - |
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 14 - Business Segment In_2
Note 14 - Business Segment Information (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Net operating revenues from: Waste management services: External customer revenues $ 11,444 $ 9,326 $ 31,279 $ 29,547 Intersegment revenues - - - - Total waste management services 11,444 9,326 31,279 29,547 Golf and related operations: External customer revenues 9,857 7,299 21,525 14,548 Intersegment revenues 15 7 32 37 Total golf and related operations 9,872 7,306 21,557 14,585 Segment operating revenues 21,316 16,632 52,836 44,132 Intersegment eliminations (15 ) (7 ) (32 ) (37 ) Total net operating revenues $ 21,301 $ 16,625 $ 52,804 $ 44,095 Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Income (loss) before income taxes: Waste management services $ 672 $ 855 $ 2,491 $ 2,710 Golf and related operations 1,412 1,018 3,238 101 Segment income before income taxes 2,084 1,873 5,729 2,811 Corporate interest expense (282 ) (293 ) (845 ) (883 ) Corporate gain on debt extinguishment - - 502 - Corporate other income, net 2 9 10 22 General corporate expenses (962 ) (789 ) (3,084 ) (2,359 ) Income (loss) before income taxes $ 842 $ 800 $ 2,312 $ (409 ) Gain on debt extinguishment: Waste management services $ - $ - $ - $ - Golf and related operations - - 1,462 - Corporate - - 502 - Total gain on debt extinguishment $ - $ - $ 1,964 $ - September 30, December 31, 2021 2020 Identifiable assets: Waste management services $ 32,624 $ 31,875 Golf and related operations 59,484 57,863 Corporate 56,835 59,425 Subtotal 148,943 149,163 Elimination of intersegment receivables (70,349 ) (71,213 ) Total $ 78,594 $ 77,950 |
Note 1 - Description of Busin_2
Note 1 - Description of Business (Details Textual) | 9 Months Ended |
Sep. 30, 2021 | |
Golf and Related Operations [Member] | |
Number of Golf Courses | 4 |
Note 5 - Cash, Cash Equivalen_3
Note 5 - Cash, Cash Equivalents and Restricted Cash - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Dec. 31, 2019 |
Cash and cash equivalents | $ 4,106 | $ 4,210 | ||
Restricted cash | 2,092 | 3,885 | ||
Cash, cash equivalents and restricted cash | $ 6,198 | $ 8,095 | $ 8,913 | $ 8,631 |
Note 6 - Revenues (Details Text
Note 6 - Revenues (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2020USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) | Sep. 03, 2014 | |
Number of Suspended Saltwater Injection Wells | 2 | 2 | 2 | ||||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 21,301 | $ 16,625 | $ 52,804 | $ 44,095 | |||||
Accounts Receivable, Allowance for Credit Loss, Ending Balance | 300 | 300 | $ 300 | ||||||
Contract with Customer, Asset, after Allowance for Credit Loss, Total | 839 | 866 | 839 | $ 866 | 585 | $ 1,102 | $ 1,109 | $ 602 | |
Contract with Customer, Liability, Total | 4,400 | $ 4,400 | 3,200 | ||||||
Customer Concentration Risk [Member] | Sales Revenue, Net to External Customers [Member] | One Customer [Member] | |||||||||
Concentration Risk, Percentage | 12.00% | ||||||||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||||||
Number of Major Customers | 1 | 0 | |||||||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Customer [Member] | |||||||||
Concentration Risk, Percentage | 7.00% | ||||||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member] | |||||||||
Concentration Risk, Percentage | 18.00% | ||||||||
Waste Management Services [Member] | |||||||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 11,444 | $ 9,326 | $ 31,279 | $ 29,547 | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Percentage | 54.00% | 56.00% | 59.00% | 67.00% | |||||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 8,500 | $ 8,500 | $ 7,900 | ||||||
Waste Management Services [Member] | Maximum [Member] | |||||||||
Contract Term (Year) | 1 year | ||||||||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net to External Customers [Member] | |||||||||
Number of Major Customers | 1 | ||||||||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net to External Customers [Member] | One Customer [Member] | |||||||||
Concentration Risk, Percentage | 12.00% | ||||||||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||||||
Number of Major Customers | 0 | ||||||||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Customer [Member] | |||||||||
Concentration Risk, Percentage | 7.00% | ||||||||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | |||||||||
Number of Major Customers | 1 | 0 | |||||||
Waste Management Services [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member] | |||||||||
Concentration Risk, Percentage | 21.00% | ||||||||
Golf and Related Operations [Member] | |||||||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 9,857 | $ 7,299 | $ 21,525 | $ 14,548 | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Percentage | 46.00% | 44.00% | 41.00% | 33.00% | |||||
Number of Golf Courses | 4 | ||||||||
Accounts Receivable, after Allowance for Credit Loss, Total | $ 1,400 | $ 1,400 | $ 800 | ||||||
Golf and Related Operations [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||||||
Number of Major Customers | 0 | 0 | |||||||
Membership Agreement, Term (Year) | 1 year | ||||||||
Golf and Related Operations [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member] | |||||||||
Number of Major Customers | 0 | 0 | |||||||
Salt Water Injection Operations [Member] | Waste Management Services [Member] | |||||||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 0 | $ 0 | $ 0 | $ 0 | |||||
Customer Advance Deposits [Member] | |||||||||
Contract with Customer, Liability, Total | $ 684 | $ 612 | $ 684 | $ 612 | $ 674 | $ 784 | $ 652 | $ 553 |
Note 6 - Revenues - Disaggregat
Note 6 - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 21,301 | $ 16,625 | $ 52,804 | $ 44,095 |
Waste Management Services [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 11,444 | 9,326 | 31,279 | 29,547 |
Waste Management Services [Member] | Waste Brokerage And Management Services Member | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 10,841 | 8,792 | 29,470 | 27,818 |
Waste Management Services [Member] | Captive Landfill Management Operations [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 603 | 534 | 1,809 | 1,729 |
Golf and Related Operations [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 9,857 | 7,299 | 21,525 | 14,548 |
Golf and Related Operations [Member] | Food and Beverage [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 3,984 | 2,851 | 8,608 | 5,247 |
Golf and Related Operations [Member] | Membership Dues [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 1,684 | 1,522 | 4,952 | 4,540 |
Golf and Related Operations [Member] | Room Rental [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 1,824 | 1,132 | 3,438 | 1,725 |
Golf and Related Operations [Member] | Green Fees and Cart Rental [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 1,467 | 1,332 | 2,470 | 1,998 |
Golf and Related Operations [Member] | Tennis Lessons [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 79 | 72 | 303 | 213 |
Golf and Related Operations [Member] | Other Revenue [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 819 | $ 390 | $ 1,754 | $ 825 |
Note 6 - Revenues - Allowance f
Note 6 - Revenues - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Allowance for doubtful accounts, Balance | $ 250 | $ 271 | $ 265 | $ 275 |
Provision for doubtful accounts | 35 | 9 | 35 | 23 |
Allowance for Credit Loss, Writeoff | (18) | (4) | (33) | (22) |
Allowance for doubtful accounts, Balance | $ 267 | $ 276 | $ 267 | $ 276 |
Note 6 - Revenues - Contract As
Note 6 - Revenues - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Balance | $ 1,102 | $ 1,109 | $ 585 | $ 602 |
Unbilled | 237 | 305 | 1,802 | 1,950 |
Billings | (500) | (548) | (1,548) | (1,686) |
Balance | 839 | 866 | 839 | 866 |
Balance | 3,200 | |||
Billings | 500 | 548 | 1,548 | 1,686 |
Balance | 4,400 | 4,400 | ||
Deferred Membership Dues [Member] | ||||
Billings | (730) | (787) | (6,178) | (5,428) |
Balance | 5,376 | 4,776 | 3,196 | 3,153 |
Billings | 730 | 787 | 6,178 | 5,428 |
Revenue recognized | (1,684) | (1,522) | (4,952) | (4,540) |
Balance | 4,422 | 4,041 | 4,422 | 4,041 |
Customer Advance Deposits [Member] | ||||
Billings | (588) | (261) | (1,299) | (656) |
Balance | 784 | 652 | 674 | 553 |
Billings | 588 | 261 | 1,299 | 656 |
Revenue recognized | (688) | (301) | (1,289) | (597) |
Balance | $ 684 | $ 612 | $ 684 | $ 612 |
Note 7 - Property and Equipme_3
Note 7 - Property and Equipment (Details Textual) | 9 Months Ended |
Sep. 30, 2021 | |
Land Improvements [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 10 years |
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 |
Vehicles [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 3 years |
Vehicles [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 10 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 |
Furniture and Fixtures [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 3 years |
Furniture and Fixtures [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 10 years |
Note 7 - Property and Equipme_4
Note 7 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Property and equipment, gross | $ 80,607 | $ 77,408 |
Less accumulated depreciation and amortization | (27,982) | (26,109) |
Property and equipment, net | 52,625 | 51,299 |
Land and Land Improvements [Member] | ||
Property and equipment, gross | 15,312 | 15,150 |
Building and Building Improvements [Member] | ||
Property and equipment, gross | 47,997 | 47,026 |
Machinery and Equipment [Member] | ||
Property and equipment, gross | 5,708 | 5,469 |
Office Equipment [Member] | ||
Property and equipment, gross | 8,521 | 8,000 |
Vehicles [Member] | ||
Property and equipment, gross | 661 | 677 |
Construction in Progress [Member] | ||
Property and equipment, gross | $ 2,408 | $ 1,086 |
Note 8 - Leases (Details Textua
Note 8 - Leases (Details Textual) | 1 Months Ended | |||
Nov. 30, 2003 | Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) | Sep. 30, 2020USD ($) | |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 3 years | |||
Operating Lease, Liability, Total | $ 1,354,000 | $ 1,728,000 | ||
Operating Lease, Right-of-Use Asset | $ 1,354,000 | $ 1,728,000 | ||
Operating Lease, Weighted Average Discount Rate, Percent | 4.70% | 4.70% | ||
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 | |||
Lessee, Finance Lease, Remaining Lease Term (Year) | 32 years | |||
Finance Lease, Weighted Average Remaining Lease Term (Year) | 2 years 10 months 24 days | |||
Finance Lease, Weighted Average Discount Rate, Percent | 4.80% | 4.50% | ||
Lease for Golf Cart GPS Equipment [Member] | ||||
Operating Lease, Liability, Total | $ 67,000 | |||
Operating Lease, Right-of-Use Asset | $ 67,000 | |||
Operating Lease Agreement for Hotel furniture [Member] | ||||
Operating Lease, Liability, Total | $ 266,000 | |||
Operating Lease, Right-of-Use Asset | $ 266,000 | |||
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) | 4 years 2 months 12 days | |||
Maximum [Member] | Golf and Related Operations [Member] | ||||
Lessee, Finance Lease, Remaining Lease Term (Year) | 3 years 8 months 12 days |
Note 8 - Leases - Operating Lea
Note 8 - Leases - Operating Leases Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Operating lease right-of-use assets | $ 1,354 | $ 1,728 |
Current portion of obligations under operating leases | 540 | 529 |
Long-term portion of obligations under leases, operating | 814 | 1,199 |
Total obligations under operating leases | 1,354 | 1,728 |
Leased property under finance leases | 12,434 | 12,112 |
Less accumulated amortization | (6,790) | (6,377) |
Leased property under finance leases, net | 5,644 | 5,735 |
Current portion of obligations under finance leases | 178 | 333 |
Long-term portion of obligations under finance leases | 444 | 560 |
Total obligations under finance leases | $ 622 | $ 893 |
Note 8 - Leases - Lease Cost (D
Note 8 - Leases - Lease Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Rental expense | $ 279 | $ 235 | $ 571 | $ 520 |
Depreciation expense | 133 | 148 | 413 | 416 |
Interest expense | 9 | 9 | 33 | 30 |
Total finance lease cost | $ 142 | $ 157 | $ 446 | $ 446 |
Note 8 - Leases - Future Commit
Note 8 - Leases - Future Commitments Under Long-term Leases (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
2022, finance | $ 206 | |
2022, operating | 591 | |
2022, total | 797 | |
2023, finance | 132 | |
2023, operating | 427 | |
2023, total | 559 | |
2024, finance | 107 | |
2024, operating | 254 | |
2024, total | 361 | |
2025, finance | 55 | |
2025, operating | 159 | |
2025, total | 214 | |
2026, finance | 15 | |
2026, operating | 26 | |
2026, total | 41 | |
Thereafter, finance | 405 | |
Thereafter, operating | 0 | |
Thereafter, total | 405 | |
Total lease payments, finance | 920 | |
Total lease payments, operating | 1,457 | |
Total lease payments, total | 2,377 | |
Less imputed interest, finance | 298 | |
Less imputed interest, operating | 103 | |
Less imputed interest, total | 401 | |
Total, finance | 622 | $ 893 |
Total, operating | 1,354 | 1,728 |
Total, total | 1,976 | |
Less: current portion of obligations under leases, finance | 178 | 333 |
Less: current portion of obligations under leases, operating | 540 | 529 |
Less: current portion of obligations under leases, total | 718 | |
Long-term portion of obligations under leases, finance | 444 | 560 |
Long-term portion of obligations under leases, operating | 814 | $ 1,199 |
Long-term portion of obligations under leases, total | $ 1,258 |
Note 9 - Basic and Diluted Ne_2
Note 9 - Basic and Diluted Net Income (Loss) Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Weighted Average Number of Shares Outstanding, Basic, Total (in shares) | 3,899,431 | 3,875,431 | 3,899,431 | 3,875,431 |
Weighted Average Number of Shares Outstanding, Diluted, Total (in shares) | 3,930,869 | 3,875,000 | 3,934,838 | 3,875,000 |
Note 10 - Term Loans and Line_3
Note 10 - Term Loans and Line of Credit Agreements (Details Textual) | Dec. 20, 2019USD ($) | May 31, 2018USD ($) | Sep. 30, 2021USD ($) | Jun. 30, 2021USD ($) | Mar. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Sep. 30, 2020 | Jun. 30, 2020USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2020USD ($) |
Long-term Debt, Gross | $ 21,116,000 | $ 23,908,000 | $ 21,116,000 | $ 23,908,000 | |||||||
Debt Issuance Costs, Net, Total | 373,000 | 373,000 | |||||||||
Long-term Debt, Weighted Average Interest Rate, over Time | 5.00% | 4.57% | 4.91% | 4.74% | |||||||
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 | $ 2,100,000 | 3,900,000 | $ 2,100,000 | 3,900,000 | |||||||
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 | 1.20 | ||||||||||
Debt Issuance Costs, Net, Total | $ 400,000 | ||||||||||
New Castle Country Club Commercial Mortgage [Member] | Mercer County State Bank [Member] | |||||||||||
Repayments of Debt | 13,800,000 | ||||||||||
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 | 1.20 | ||||||||||
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 | 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 | 25.00% | ||||||||||
Paycheck Protection Program CARES Act [Member] | |||||||||||
Long-term Debt, Gross | 1,964,000 | 1,964,000 | |||||||||
Debt Issuance Costs, Net, Total | 0 | $ 0 | |||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 2,800,000 | ||||||||||
Debt Instrument, Decrease, Forgiveness | $ 900,000 | $ 1,100,000 | 800,000 | ||||||||
Interest Forgiven | $ 9,000 | $ 8,000 | $ 4,000 | $ 17,000 | $ 0 |
Note 10 - Term Loans and Line_4
Note 10 - Term Loans and Line of Credit Agreements - Summary of Term Loan and Line of Credit Agreements (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Long-term debt, gross | $ 21,116 | $ 23,908 |
Debt issuance costs | (373) | |
Term Loan Agreement | 23,535 | |
Less current portion of long-term debt, gross | 1,153 | 1,636 |
Less current portion debt issuance costs | (42) | (42) |
Current portion of long-term debt | 1,111 | 1,594 |
Long-term debt, gross, net of current portion | 19,963 | 22,272 |
Debt issuance costs, net of current portion | (300) | (331) |
Long-term debt | 19,663 | 21,941 |
Term Loan Agreement [Member] | ||
Long-term debt, gross | 21,116 | 21,944 |
Debt issuance costs | (342) | (373) |
Term Loan Agreement | $ 20,774 | 21,571 |
Paycheck Protection Program CARES Act [Member] | ||
Long-term debt, gross | 1,964 | |
Debt issuance costs | 0 | |
Term Loan Agreement | $ 1,964 |
Note 10 - Term Loans and Line_5
Note 10 - Term Loans and Line of Credit Agreements - Future Maturities of Long-term Debt (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
2022 | $ 1,153 | |
2023 | 1,212 | |
2024 | 1,274 | |
2025 | 1,339 | |
2026 | 1,408 | |
Thereafter | 14,730 | |
Total | $ 21,116 | $ 23,908 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Net Income (Loss) Attributable to Parent, Total | $ 983 | $ 781 | $ 2,441 | $ (467) |
Note 12 - Long-term Incentive_3
Note 12 - Long-term Incentive Plan (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Apr. 25, 2019 | 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) | 190,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 0 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 54,000 | 54,000 | 244,000 | |||||
Share-based Payment Arrangement, Expense | $ 1,000 | $ 1,000 | $ 4,000 | $ 4,000 | ||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 8,000 | $ 8,000 | ||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 8 months 1 day | |||||||
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, Options, Grants in Period, Net of Forfeitures, Total (in shares) | 90,000 | |||||||
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, Outstanding, Number, Ending Balance (in shares) | 54,000 | 54,000 | ||||||
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) | 6 months | |||||||
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) | 190,000 | |||||||
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) | 9 Months Ended |
Sep. 30, 2021$ / sharesshares | |
Outstanding outstanding (in shares) | shares | 244,000 |
Weighted average exercise price, options outstanding (in dollars per share) | $ 2.66 |
Weighted average fair value at grant date, options outstanding (in dollars per share) | $ 1.03 |
Options granted (in shares) | shares | 0 |
Weighted average exercise price, options granted (in dollars per share) | $ 0 |
Options exercised (in shares) | shares | 0 |
Weighted average exercise price, options exercised (in dollars per share) | $ 0 |
Options expired (in shares) | shares | (190,000) |
Weighted average exercise price, options expired (in dollars per share) | $ 2.89 |
Weighted average fair value at grant date, options expired (in dollars per share) | $ 1.20 |
Options cancelled or forfeited (in shares) | shares | 0 |
Weighted average exercise price, options cancelled or forfeited (in dollars per share) | $ 0 |
Outstanding outstanding (in shares) | shares | 54,000 |
Weighted average exercise price, options outstanding (in dollars per share) | $ 1.83 |
Weighted average fair value at grant date, options outstanding (in dollars per share) | $ 0.43 |
Options Vested (in shares) | shares | 54,000 |
Weighted average exercise price, options vested (in dollars per share) | $ 1.83 |
Weighted average fair value at grant date, options vested (in dollars per share) | $ 0.43 |
Options exercisable (in shares) | shares | 0 |
Weighted average exercise price, options exercisable (in dollars per share) | $ 0 |
Note 12 - Long-term Incentive_5
Note 12 - Long-term Incentive Plan - Period and Predetermined Stock Price Needed for Vesting (Details) | 9 Months Ended |
Sep. 30, 2021$ / 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 14 - Business Segment In_3
Note 14 - Business Segment Information (Details Textual) $ in Millions | 9 Months Ended | |
Sep. 30, 2021USD ($) | Sep. 30, 2020 | |
Waste Management Services [Member] | ||
Increase (Decrease) in Total Assets | $ 0.7 | |
Golf and Related Operations [Member] | ||
Increase (Decrease) in Total Assets | 1.6 | |
Corporate Segment [Member] | ||
Increase (Decrease) in Total Assets | $ (2.6) | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | ||
Number of Major Customers | 1 | 0 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Waste Management Services [Member] | ||
Number of Major Customers | 0 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Golf and Related Operations [Member] | ||
Number of Major Customers | 0 | 0 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Customer [Member] | ||
Concentration Risk, Percentage | 7.00% | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | One Customer [Member] | Waste Management Services [Member] | ||
Concentration Risk, Percentage | 7.00% | |
Customer Concentration Risk [Member] | Sales Revenue, Net to External Customers [Member] | Waste Management Services [Member] | ||
Number of Major Customers | 1 | |
Customer Concentration Risk [Member] | Sales Revenue, Net to External Customers [Member] | One Customer [Member] | ||
Concentration Risk, Percentage | 12.00% | |
Customer Concentration Risk [Member] | Sales Revenue, Net to External Customers [Member] | One Customer [Member] | Waste Management Services [Member] | ||
Concentration Risk, Percentage | 12.00% |
Note 14 - Business Segment In_4
Note 14 - Business Segment Information - Segment Reporting Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 21,301 | $ 16,625 | $ 52,804 | $ 44,095 | |
Income (loss) before income taxes | 842 | 800 | 2,312 | (409) | |
Interest expense | (290) | (302) | (878) | (913) | |
Gain on debt extinguishment | 0 | 0 | 1,964 | 0 | |
Other income, net | 85 | 83 | 298 | 264 | |
Gain on debt extinguishment | 0 | 0 | 1,964 | 0 | |
Total Assets | 78,594 | 78,594 | $ 77,950 | ||
Operating Segments [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 21,316 | 16,632 | 52,836 | 44,132 | |
Income (loss) before income taxes | 2,084 | 1,873 | 5,729 | 2,811 | |
Total Assets | 148,943 | 148,943 | 149,163 | ||
Intersegment Eliminations [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | (15) | (7) | (32) | (37) | |
Total Assets | (70,349) | (70,349) | (71,213) | ||
Corporate, Non-Segment [Member] | |||||
Interest expense | (282) | (293) | (845) | (883) | |
Gain on debt extinguishment | 0 | 0 | 502 | 0 | |
Other income, net | 2 | 9 | 10 | 22 | |
General corporate expenses | (962) | (789) | (3,084) | (2,359) | |
Gain on debt extinguishment | 0 | 0 | 502 | 0 | |
Total Assets | 56,835 | 56,835 | 59,425 | ||
Waste Management Services [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 11,444 | 9,326 | 31,279 | 29,547 | |
Waste Management Services [Member] | Operating Segments [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 11,444 | 9,326 | 31,279 | 29,547 | |
Income (loss) before income taxes | 672 | 855 | 2,491 | 2,710 | |
Gain on debt extinguishment | 0 | 0 | 0 | 0 | |
Gain on debt extinguishment | 0 | 0 | 0 | 0 | |
Total Assets | 32,624 | 32,624 | 31,875 | ||
Waste Management Services [Member] | Intersegment Eliminations [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 0 | 0 | 0 | 0 | |
Golf and Related Operations [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 9,857 | 7,299 | 21,525 | 14,548 | |
Golf and Related Operations [Member] | Operating Segments [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | 9,872 | 7,306 | 21,557 | 14,585 | |
Income (loss) before income taxes | 1,412 | 1,018 | 3,238 | 101 | |
Gain on debt extinguishment | 0 | 0 | 1,462 | 0 | |
Gain on debt extinguishment | 0 | 0 | 1,462 | 0 | |
Total Assets | 59,484 | 59,484 | $ 57,863 | ||
Golf and Related Operations [Member] | Intersegment Eliminations [Member] | |||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 15 | $ 7 | $ 32 | $ 37 |
Note 15 - Certain Relationshi_2
Note 15 - Certain Relationships and Related Transactions (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 24 Months Ended | |||||
Aug. 31, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Mar. 31, 2021 | Dec. 31, 2020 | |
Net Income (Loss) Attributable to Noncontrolling Interest, Total | $ (168,000) | $ (8,000) | $ (214,000) | $ (37,000) | ||||||
Avalon Med Spa [Member] | ||||||||||
Net Income (Loss) Attributable to Noncontrolling Interest, Total | $ (24,000) | $ (24,000) | ||||||||
Avalon Med Spa [Member] | ||||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 50.10% | 50.10% | ||||||||
Investment in Subsidiary [Member] | Management and Accredited Investors [Member] | ||||||||||
Related Party Transaction, Amounts of Transaction | $ 1,000,000 | |||||||||
Investment in Subsidiary [Member] | Outside Director, Accredited Investor [Member] | Maximum [Member] | ||||||||||
Related Party Transaction, Percentage of Total Investment | 10.00% | |||||||||
AWMS Holdings, LLC [Member] | ||||||||||
Equity Method Investments | $ 3,400,000 | $ 3,400,000 | $ 3,400,000 | |||||||
Proceeds from Issuance of Private Placement | $ 3,800,000 | $ 3,800,000 | ||||||||
Equity Method Investment, Ownership Percentage | 47.00% | 47.00% | 47.00% | |||||||
Net Income (Loss) Attributable to Noncontrolling Interest, Total | $ (144,000) | $ (8,000) | $ (190,000) | $ (37,000) | ||||||
Avalon Med Spa [Member] | ||||||||||
Equity Method Investments | $ 359,000 | |||||||||
Proceeds from Issuance of Private Placement | $ 358,000 |
Note 16 - Injection Wells Sus_2
Note 16 - Injection Wells Suspension (Details Textual) | Sep. 30, 2021 | Sep. 03, 2014 |
Number of Suspended Saltwater Injection Wells | 2 | 2 |