1. Basis of Presentation
The accompanying unaudited consolidated financial statements of American Locker Group Incorporated (the
“Company”) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q. Accordingly, the financial statements do not include
all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of the Company’s management, all adjustments, consisting of normal recurring accruals, considered
necessary for a fair presentation of such consolidated financial statements, have been included. Operating results for the three and nine-month periods ended September 30, 2012 are not necessarily indicative of the results that may be expected
for the year ended December 31, 2012.
The consolidated balance sheet at December 31, 2011 has been derived from the
Company’s audited financial statements at that date, but does not include all of the financial information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to
the Company’s consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.
Additional risks and uncertainties not presently known or that the Company currently deems immaterial may also impair its business operations. Should one or more of these risks or uncertainties
materialize, the Company’s business, financial condition or results of operations could be materially adversely affected.
Certain 2011 financial statement line items have been reclassified to conform to the current year’s presentation.