XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
NET SALES $ 8,842,000us-gaap_SalesRevenueNet $ 7,438,000us-gaap_SalesRevenueNet $ 24,968,000us-gaap_SalesRevenueNet $ 21,646,000us-gaap_SalesRevenueNet
COST OF SALES 4,489,000us-gaap_CostOfGoodsSold 4,293,000us-gaap_CostOfGoodsSold 13,371,000us-gaap_CostOfGoodsSold 12,656,000us-gaap_CostOfGoodsSold
Gross profit 4,353,000us-gaap_GrossProfit 3,145,000us-gaap_GrossProfit 11,597,000us-gaap_GrossProfit 8,990,000us-gaap_GrossProfit
OPERATING EXPENSES:        
General and administrative 1,829,000us-gaap_GeneralAndAdministrativeExpense 1,685,000us-gaap_GeneralAndAdministrativeExpense 6,746,000us-gaap_GeneralAndAdministrativeExpense 4,502,000us-gaap_GeneralAndAdministrativeExpense
Sales and marketing 1,473,000us-gaap_SellingAndMarketingExpense 1,011,000us-gaap_SellingAndMarketingExpense 4,169,000us-gaap_SellingAndMarketingExpense 3,195,000us-gaap_SellingAndMarketingExpense
Research and development 155,000us-gaap_ResearchAndDevelopmentExpense 108,000us-gaap_ResearchAndDevelopmentExpense 376,000us-gaap_ResearchAndDevelopmentExpense 394,000us-gaap_ResearchAndDevelopmentExpense
Loss on disposal of equipment and leasehold improvements 113,000us-gaap_GainLossOnDispositionOfAssets 19,000us-gaap_GainLossOnDispositionOfAssets 126,000us-gaap_GainLossOnDispositionOfAssets 46,000us-gaap_GainLossOnDispositionOfAssets
Total operating expenses 3,570,000us-gaap_OperatingExpenses 2,823,000us-gaap_OperatingExpenses 11,417,000us-gaap_OperatingExpenses 8,136,000us-gaap_OperatingExpenses
Income from operations 783,000us-gaap_OperatingIncomeLoss 322,000us-gaap_OperatingIncomeLoss 180,000us-gaap_OperatingIncomeLoss 854,000us-gaap_OperatingIncomeLoss
Interest expense, net (23,000)us-gaap_InterestIncomeExpenseNonoperatingNet (29,000)us-gaap_InterestIncomeExpenseNonoperatingNet (71,000)us-gaap_InterestIncomeExpenseNonoperatingNet (90,000)us-gaap_InterestIncomeExpenseNonoperatingNet
Income before income tax 760,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 293,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 109,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 764,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
INCOME TAX EXPENSE 456,000us-gaap_IncomeTaxExpenseBenefit 257,000us-gaap_IncomeTaxExpenseBenefit 30,000us-gaap_IncomeTaxExpenseBenefit 592,000us-gaap_IncomeTaxExpenseBenefit
NET INCOME $ 304,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 36,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 79,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 172,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings Per Share [Abstract]        
Basic (in dollars per share) $ 0.05us-gaap_EarningsPerShareBasic $ 0.01us-gaap_EarningsPerShareBasic $ 0.01us-gaap_EarningsPerShareBasic $ 0.03us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.05us-gaap_EarningsPerShareDiluted $ 0.01us-gaap_EarningsPerShareDiluted $ 0.01us-gaap_EarningsPerShareDiluted $ 0.03us-gaap_EarningsPerShareDiluted
SHARES USED IN CALCULATION OF NET INCOME PER SHARE:        
Basic (in shares) 5,533us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 5,486us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 5,505us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 5,475us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 5,779us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,659us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,704us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,656us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding