NOTES TO CONDENSED UNAUDITED CONSOLIDATEDĪppliance Recycling Centers of America, Inc.Īnd subsidiaries (“we,” the “Company” or “ARCA”) are in the business of providing turnkey appliance The accompanying notes are an integral part of these unauditedĬondensed consolidated financial statements. Noncash financing and investing activities:ĭebt issuance costs related to credit agreement renewal (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTSĬASH AND CASH EQUIVALENTS, beginning of period Proceeds from issuance of long term debt obligationsĮffect of changes in exchange rate on cash and cash equivalents Net borrowing under the line of credit - MidCap Financial Trust Net payments under line of credit - PNC Bank Net cash provided by (used) in investing activities Net cash provided by operating activities Total other comprehensive income (loss), net of taxĬomprehensive loss attributable to noncontrolling interestĬomprehensive income (loss) attributable to controlling interestĬONDENSED CONSOLIDATED STATEMENTS OF CASHĪdjustments to reconcile net income to net cash provided by (used in) operating activities:Ĭhange in reserve for uncollectible accounts receivableĬhange in reserve for inventory obsolescence Other comprehensive income (loss), net of taxĮffect of foreign currency translation adjustments Weighted average common shares outstanding: Net income (loss) attributed to controlling interest Net loss attributed to noncontrolling interest
Total provision (benefit) for income taxes Income (loss) before provision for income taxes Selling, general and administrative expenses UNAUDITED CONDENSED CONSOLIDATED STATEMENTS Of these unaudited condensed consolidated financial statements. The accompanying notes are an integral part Total liabilities and stockholders' equity Long term obligations, less current maturitiesĬommon stock, no par value, 50,000 shares authorized, 6,655 shares issued and and outstanding at Jand December 31, 2016 Prepaid expenses and other current assets
Condensed Consolidated Financial Statements Unregistered Sales of Equity Securities and Use of Proceeds Quantitative and Qualitative Disclosures About Market Risk Management’s Discussion and Analysis of Financial Condition and Results of Operations Notes to Unaudited Condensed Consolidated Financial Statements Unaudited Condensed Consolidated Statements of Cash Flows for the 26 weeks ended Jand July 2, 2016 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the 13 weeks ended Jand Jand for the 26 weeks ended Jand July 2, 2016 Outstanding 6,655,365 shares of the registrant’s Common Stock, without par value.ĪPPLIANCE RECYCLING CENTERS OF AMERICA, INC.Ĭondensed Consolidated Financial StatementsĬondensed Consolidated Balance Sheets as of J(Unaudited) and December 31, 2016 Is a shell company (as defined in Rule 12b-2 of the Act). If an emerging growth company, indicate byĬheck mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialĪccounting standards provided pursuant to Section 13(a) of the Exchange Act. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”,Īnd “emerging growth company” in Rule 12b-2 of the Exchange Act.
Is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. Pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was Has submitted electronically and posted on its Website, if any, every Interactive Data File required to be submitted and posted Subject to such filing requirements for the past 90 days. The preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during Indicate by check mark whether the registrant (Registrant’s telephone number, including (Exact name of registrant as specified in itsġ75 Jackson Avenue North Suite 102, Minneapolis, Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934ĪPPLIANCE RECYCLING CENTERS OF AMERICA, INC. Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934įor the quarterly period ended July 1, 2017