XML 39 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
NOTE 9 - BUSINESS COMBINATION (Tables)
6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block] The following unaudited pro forma information does not purport to present what the Company’s actual results would have been had the acquisitions occurred on January 1, 2015, nor is the financial information indicative of the results of future operations. The following table represents the unaudited consolidated pro forma results of operations for the six months ended June 30, 2015 as if the acquisition occurred on January 1, 2015. Operating expenses have been increased for the amortization expense associated with the estimated fair value adjustment of definite lived intangible assets.

Pro Forma
 
Six Months Ended
June 30, 2015
 
Net sales
 
$
15,250,093
 
Operating expenses
   
5,963,961
 
Income  before taxes
   
631,982
 
Net income
 
$
575,493
 
Basic and diluted income per common share
 
$
0.13