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Unrestricted Net Assets (Tables)
9 Months Ended
Sep. 30, 2014
Unrestricted Net Assets  
Condensed Balance Sheets

Balance Sheets   September 30, 2014
(unaudited)
    December 31, 2013  
             
Assets                
Cash and cash equivalents   $ 45,200     $ 113,700  
Accounts receivable, net     1,889,500       1,512,300  
Inventories     1,862,200       2,217,300  
Other current assets     207,300       165,500  
Total current assets     4,004,200       4,008,800  
                 
Investment in subsidiary     1,225,000       1,225,000  
Property and equipment     10,088,500       10,519,200  
Intercompany receivable     551,100       716,700  
Other assets     316,400       324,500  
Total assets   $ 16,185,200     $ 16,794,200  
                 
Liabilities                
Line of credit   $ 1,311,300     $ 1,517,200  
Accounts payable     2,509,900       2,524,500  
Accrued liabilities     1,065,000       1,001,700  
Note payable related party     1,026,700       -  
Current maturities of debt and capital leases     4,052,300       4,453,300  
Total current liabilities     9,965,200       9,496,700  
                 
Long-term capital leases     14,000       17,700  
Subordinated convertible notes payable     3,566,000       3,497,900  
Total liabilities     13,545,200       13,012,300  
                 
Stockholders’ equity                
Preferred stock     227,600       227,600  
Common stock     15,100,300       15,100,300  
Accumulated deficit     (12,687,900 )     (11,546,000 )
Total stockholders’ equity     2,640,000       3,781,900  
Total liabilities and stockholders’ equity   $ 16,185,200     $ 16,794,200  

Condensed Statement of Operations

Statements of Operations   Three months ended
September 30
    Nine months ended
September 30
 
    2014     2013     2014     2013  
    (unaudited)     (unaudited)     (unaudited)     (unaudited)  
Net sales   $ 3,584,500     $ 3,682,700     $ 9,564,000     $ 11,057,400  
Cost of goods sold     (2,879,200 )     (2,849,800 )     (7,937,500 )     (8,694,200 )
Sales, marketing, and retail expenses     (365,500 )     (464,100 )     (1,071,900 )     (1,278,700 )
General and administrative expenses     (412,900 )     (477,500 )     (1,341,100 )     (1,501,600 )
Loss from operations     (73,100 )     (108,700 )     (786,500 )     (417,100 )
                                 
Other income     22,100       37,700       32,800       112,100  
Interest expense     (131,600 )     (114,900 )     (388,200 )     (315,300 )
Provision for taxes     --       --       --       (5,000 )
Net loss   $ (182,600 )   $ (185,900 )   $ (1,141,900 )   $ (625,300 )

Condensed Statement of Cash Flows

    Nine months ended September 30  
    2014     2013  
    (unaudited)     (unaudited)  
Statements of Cash Flows            
Cash flows from operating activities   $ (518,900 )   $ 405,500  
Purchase of property and equipment     (105,300 )     (333,400 )
Proceed from sale of assets     700       -  
Net borrowing (repayment) on line of credit     (205,900 )     (116,500 )
Borrowing on long term debt     -       539,700  
Borrowing on note payable     1,000,000       -  
Repayment on long term debt     (401,000 )     (390,500 )
Payment on obligation under capital lease     (3,700 )     (3,100 )
Net change in payable to UBI     165,600       (184,500 )
Decrease in cash     (68,500 )     (82,800 )
Cash, beginning of period     113,700       123,200  
Cash, end of period   $ 45,200     $ 40,400