9. Restructuring

In 2009, the Company restructured its business operations to streamline its cost structure. The restructuring included plans for the relocation and consolidation of its Ellicottville, New York operations into its Texas facility. This planned relocation resulted in certain severance and payroll expenses. The balance remaining of such accrued restructuring expenses included in Other accrued expenses in the Company’s consolidated balance sheet as of June 30, 2013 was $13,500, and the Company expects to make such payments before the end of fiscal year 2013.

In 2012, the Company commenced the Ellicottville relocation, resulting in the realization of expense for discontinued inventory, severance and professional fees to complete the move. As a result, the Company recorded a restructuring charge in 2012 of approximately $283,900. Of this amount, $89,000 was recorded as an increase to the inventory reserve and is included in Inventory, net in the Company’s consolidated balance sheet as of June 30, 2013.

The following table analyzes the changes in the Company’s reserve with respect to the restructuring plan for the three months ended June 30, 2013:


	December 31, 2012		Expense		Payment/Charges			June 30, 2013
Severance	$	27,900		—		($14,400	)	$	13,500
Inventory		89,000		—		—			89,000
Other		12,000		—		($12,000	)		—

Total	$	128,900		—		($26,400	)	$	102,500


	March 31, 2013		Expense		Payment/Charges			June 30, 2013
Severance	$	13,500		—		—		$	13,500
Inventory		89,000		—		—			89,000
Other		—		—		—			—

Total	$	102,500		—		—		$	102,500