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Business Segments (Tables)
 3 Months Ended
Apr. 01, 2017
Business Segmentation

Three months ended

April 1, 2017

 

          Core Standards and              
    Ingredients     Contract Services     Corporate        
    segment     segment     and other     Total  
                         
Net sales   $ 2,084,403     $ 2,364,719     $ -     $ 4,449,122  
Cost of sales     914,767       1,781,702       -       2,696,469  
                                 
Gross profit     1,169,636       583,017       -       1,752,653  
                                 
Operating expenses:                                
Sales and marketing     305,345       290,817       -       596,162  
Research and development     664,190       -       -       664,190  
General and administrative     -       -       2,383,146       2,383,146  
Operating expenses     969,535       290,817       2,383,146       3,643,498  
                                 
Operating income (loss)   $ 200,101     $ 292,200     $ (2,383,146 )   $ (1,890,845 )

 

 

Three months ended

April 2, 2016

 

          Core Standards and              
    Ingredients     Contract Services     Corporate        
    segment     segment     and other     Total  
                         
Net sales   $ 4,600,626     $ 2,731,319     $ -     $ 7,331,945  
Cost of sales     2,099,162       1,781,364       -       3,880,526  
                                 
Gross profit     2,501,464       949,955       -       3,451,419  
                                 
Operating expenses:                                
Sales and marketing     331,743       212,979       -       544,722  
Research and development     464,072       -       -       464,072  
General and administrative     -       -       1,988,559       1,988,559  
Operating expenses     795,815       212,979       1,988,559       2,997,353  
                                 
Operating income (loss)   $ 1,705,649     $ 736,976     $ (1,988,559 )   $ 454,066  

    

At April 1, 2017

 

          Core Standards and              
    Ingredients     Contract Services     Corporate        
    segment     segment     and other     Total  
                         
Total assets   $ 14,858,562     $ 4,059,395     $ 2,133,364     $ 21,051,320  
                                 

 

 

At December 31, 2016

 

          Core Standards and              
    Ingredients     Contract Services     Corporate        
    segment     segment     and other     Total  
                         
Total assets   $ 13,257,289     $ 3,918,440     $ 2,576,339     $ 19,752,068  
Sales Revenue, Net [Member]  
Percentage of Sales Table

    Three months ended  
Major Customers   April 1, 2017     April 2, 2016  
             
Customer C (Ingredients segment)     *       27.4 %
                 
* Represents less than 10%.                
Accounts Receivable [Member]  
Percentage of Sales Table
    Percentage of the Company's Total Trade Receivables  
Major Customers   At April 1, 2017     At December 31, 2016  
             
Customer C (Ingredients segment)     53.1 %     45.8 %
Customer D (Ingredients and Core segment)     *       10.2 %
                 
* Represents less than 10%.