XML 72 R80.htm IDEA: XBRL DOCUMENT v2.4.0.8
19. Quarterly Results of Operations (Unaudited) (Details) - Schedule of Quarterly Financial Information (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2014
Mar. 31, 2013
Schedule of Quarterly Financial Information [Abstract]                    
Net sales $ 4,504,706 $ 4,089,029 $ 4,034,581 $ 3,199,975 $ 1,905,000 $ 2,350,020 $ 2,394,950 $ 1,177,288 $ 15,828,291 $ 7,827,258
Gross margin 2,506,293 [1] 1,395,687 1,275,749 1,186,158 (378,263) [2] 453,368 602,423 283,694 6,363,887 961,222
Income (loss) before taxes 956,709 (87,081) (61,614) (103,641) (1,756,566) (848,965) (878,276) (832,344) 704,373 (4,316,151)
Net income (loss) $ 565,707 $ (145,933) $ (72,474) $ (85,772) $ (1,128,889) $ (545,177) $ (429,705) $ (668,800) $ 261,528 $ (2,772,571)
Basic income (loss) per share (in Dollars per share) $ 0.17 $ (0.04) $ (0.02) $ (0.03) $ (0.38) $ (0.19) $ (0.16) $ (0.25) $ 0.08 $ (0.98)
Diluted income (loss) per share (in Dollars per share) $ 0.14 $ (0.04) $ (0.02) $ (0.03) $ (0.38) $ (0.19) $ (0.16) $ (0.25) $ 0.10 $ (0.98)
[1] As part of the agreement with the Company's subcontractor to secure the IP (see Note 6), upon payment of the $1,200,000, the outstanding amount due to the subcontractor in the amount of $790,535 was discharged and is recorded as a reduction of cost of goods sold.
[2] During the fourth quarter of fiscal 2013, the Company recorded a write down of inventory of approximately of $180,000 related to book to physical adjustments, approximately $200,000 of additional third party costs related to vendor services, manufacturing variances, and incurred charges related to temporarily curtailing production in order to enhance quality procedures in its production process.