XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 3,851,121 $ 3,538,830 $ 11,093,893 $ 9,937,688
Cost of products sold 2,983,879 2,582,726 8,472,200 7,025,060
Gross profit 867,242 956,104 2,621,693 2,912,628
Selling, general and administrative expenses 1,057,020 949,480 3,575,804 2,903,564
Restructuring costs 0 66,185 0 283,924
Settlement expense     441,583  
Total operating loss (189,778) (59,561) (1,395,694) (274,860)
Other income (expense):        
Gain on sale of property 205,055   205,055  
Interest income   13,630 18,747 13,637
Other income (expense) – net (6,019) 24,327 (28,273) 9,611
Interest expense (60,522) (28,155) (115,328) (84,945)
Total other income (expense) 138,514 9,802 80,201 (61,697)
Net loss before income taxes (51,264) (49,759) (1,315,493) (336,557)
Income tax benefit (expense) (3,276) 49,737 (15,661) 106,713
Net loss (54,540) (22) (1,331,154) (229,844)
Provision for preferred stock dividends (838)   (838)  
Net loss applicable to common shareholders $ (55,378) $ (22) $ (1,331,992) $ (229,844)
Weighted average common shares:        
Basic (in Shares) 1,687,319 1,683,985 1,687,319 1,682,661
Diluted (in Shares) 1,687,319 1,683,985 1,687,319 1,682,661
Net loss per share applicable to common shareholders:        
Basic (in Dollars per share) $ (0.03) $ 0.00 $ (0.79) $ (0.14)
Diluted (in Dollars per share) $ (0.03) $ 0.00 $ (0.79) $ (0.14)