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DISCONTINUED OPERATIONS
6 Months Ended
Jun. 30, 2012
DISCONTINUED OPERATIONS  
DISCONTINUED OPERATIONS

NOTE 2 — DISCONTINUED OPERATIONS

 

Effective December 25, 2010, the Company decided to cease operations at its Woodburn, Oregon manufacturing facility.  The Oregon operations were discontinued due to the Company’s decision to exit this unprofitable geographic region.  The amount of Oregon business expected to be retained is insignificant.  The Oregon facility and equipment are classified as held for sale as of June 30, 2012 and December 31, 2011 and are included in other current assets in the accompanying balance sheets.

 

The 2011 operating results for the Woodburn, Oregon location are classified as discontinued operations as follows:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

July 2, 2011

 

July 2, 2011

 

Net sales

 

$

465,193

 

$

3,285,848

 

Pretax loss from operations

 

$

(334,706

)

$

(691,845

)

Net loss

 

$

(334,706

)

$

(691,845

)