Quarterly Financial Information

NOTE 13—QUARTERLY FINANCIAL INFORMATION (Unaudited)

The following table presents unaudited selected quarterly financial information (in thousands, except per share data) for the periods indicated. This information has been derived from the Company's unaudited quarterly consolidated financial statements, which in the opinion of management include adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of such information. These operating results are not necessarily indicative of results for any future period.


	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Year Ended December 31, 2011
Net sales	$	9,469		$	6,318		$	7,173		$	11,924
Gross profit		812			903			1,218			1,607
Loss from continuing operations		(942	)		(767	)		(420	)		(359	)
Income (loss) from discontinued operations		48			(55	)		7			—
Net loss		(894	)		(822	)		(413	)		(359	)
Basic and diluted net loss per share		(0.06	)		(0.06	)		(0.03	)		(0.03	)

Year Ended December 31, 2010
Net sales	$	27,541		$	22,353		$	8,171		$	14,465
Gross profit		1,441			1,569			542			1,244
Loss from continuing operations		(561	)		(390	)		(1,940	)		(721	)
Income (loss) from discontinued operations		(6	)		76			(22	)		(4	)
Net loss		(567	)		(314	)		(1,962	)		(725	)
Basic and diluted net loss per share		(0.04	)		(0.02	)		(0.14	)		(0.05	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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