XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net Sales $ 3,175us-gaap_SalesRevenueNet $ 2,666us-gaap_SalesRevenueNet $ 5,909us-gaap_SalesRevenueNet $ 4,480us-gaap_SalesRevenueNet
Operating Expenses        
Cost of revenues 1,441us-gaap_CostOfRevenue 1,252us-gaap_CostOfRevenue 3,258us-gaap_CostOfRevenue 2,284us-gaap_CostOfRevenue
Depreciation expense 39us-gaap_Depreciation 46us-gaap_Depreciation 78us-gaap_Depreciation 92us-gaap_Depreciation
Research and development 246us-gaap_ResearchAndDevelopmentExpense 285us-gaap_ResearchAndDevelopmentExpense 445us-gaap_ResearchAndDevelopmentExpense 469us-gaap_ResearchAndDevelopmentExpense
Selling, general and administrative 1,333mdit_SellingGeneralAndAdministrativeExpenseAndBenefit 933mdit_SellingGeneralAndAdministrativeExpenseAndBenefit 1,642mdit_SellingGeneralAndAdministrativeExpenseAndBenefit 1,515mdit_SellingGeneralAndAdministrativeExpenseAndBenefit
Total cost and expenses 3,059us-gaap_CostsAndExpenses 2,516us-gaap_CostsAndExpenses 5,423us-gaap_CostsAndExpenses 4,360us-gaap_CostsAndExpenses
Operating Income (loss) 116us-gaap_OperatingIncomeLoss 150us-gaap_OperatingIncomeLoss 486us-gaap_OperatingIncomeLoss 120us-gaap_OperatingIncomeLoss
Other Expenses        
Interest expense 75us-gaap_InterestIncomeExpenseNonoperatingNet 67us-gaap_InterestIncomeExpenseNonoperatingNet 150us-gaap_InterestIncomeExpenseNonoperatingNet 130us-gaap_InterestIncomeExpenseNonoperatingNet
Non-operating expenses (income) 122us-gaap_OtherNonoperatingIncomeExpense (2)us-gaap_OtherNonoperatingIncomeExpense 151us-gaap_OtherNonoperatingIncomeExpense 23us-gaap_OtherNonoperatingIncomeExpense
Total other expenses 197us-gaap_NonoperatingIncomeExpense 65us-gaap_NonoperatingIncomeExpense 301us-gaap_NonoperatingIncomeExpense 153us-gaap_NonoperatingIncomeExpense
Income (loss )from operations before income taxes (81)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 85us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 185us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (33)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes (benefit) (31)us-gaap_IncomeTaxExpenseBenefit (19)us-gaap_IncomeTaxExpenseBenefit 16us-gaap_IncomeTaxExpenseBenefit 8us-gaap_IncomeTaxExpenseBenefit
Net Income (loss) (50)us-gaap_NetIncomeLoss 104us-gaap_NetIncomeLoss 169us-gaap_NetIncomeLoss (41)us-gaap_NetIncomeLoss
Preferred dividend 36us-gaap_PreferredStockDividendsAndOtherAdjustments 0us-gaap_PreferredStockDividendsAndOtherAdjustments 36us-gaap_PreferredStockDividendsAndOtherAdjustments 0us-gaap_PreferredStockDividendsAndOtherAdjustments
Net Income (loss) to common stockholders (86)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 104us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 133us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (41)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Statement of Comprehensive Income        
Net Income (loss) (50)us-gaap_NetIncomeLoss 104us-gaap_NetIncomeLoss 169us-gaap_NetIncomeLoss (41)us-gaap_NetIncomeLoss
Other Comprehensive income (loss)        
Foreign currency translation adjustments (4)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 2us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (4)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 2us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Comprehensive income (loss) (54)us-gaap_ComprehensiveIncomeNetOfTax 106us-gaap_ComprehensiveIncomeNetOfTax 165us-gaap_ComprehensiveIncomeNetOfTax (39)us-gaap_ComprehensiveIncomeNetOfTax
Pro Forma Earnings Per Share        
Net income (loss) to common stockholders $ (86)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 104us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 133us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (41)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Pro forma basic and diluted earnings per share $ 0mdit_BasicAndDilutedEarningsPerShareProForma $ 0mdit_BasicAndDilutedEarningsPerShareProForma $ 0mdit_BasicAndDilutedEarningsPerShareProForma $ 0mdit_BasicAndDilutedEarningsPerShareProForma
Pro forma weighted average basic and diluted shares outstanding 1,634,948,381mdit_EarningsPerShareBasicAndDilutedProFormaAdjustment 1,468,750,000mdit_EarningsPerShareBasicAndDilutedProFormaAdjustment 1,552,762,369mdit_EarningsPerShareBasicAndDilutedProFormaAdjustment 1,468,750,000mdit_EarningsPerShareBasicAndDilutedProFormaAdjustment