XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
Sales $ 17,040,249 $ 18,999,701 $ 52,622,968 $ 66,304,892
Cost of goods sold 13,905,844 15,687,340 43,267,708 56,532,284
Gross margin 3,134,405 3,312,361 9,355,260 9,772,608
Expenses:        
Selling, general and administrative expenses 2,936,556 3,809,548 9,632,784 10,354,913
Depreciation and amortization 99,893 87,326 288,600 269,113
Total operating expenses 3,036,449 3,896,874 9,921,384 10,624,026
Operating income (loss) 97,956 (584,513) (566,124) (851,418)
Other expense (income):        
Other (income) expense, net (5,717) (2,250) (44,679) 213
Interest expense 89,239 66,604 258,383 170,566
Other expense (income) 83,522 64,354 213,704 170,779
Income (loss) from continuing operations before income taxes 14,434 (648,867) (779,828) (1,022,197)
Income tax expense 1,604 214,414 29,975 174,379
Income (loss) from continuing operations 12,830 (863,281) (809,803) (1,196,576)
Discontinued operations:        
Income (loss) from discontinued operations, net of taxes 166,757 (568,673) (3,985,827) (1,057,523)
Net income (loss) $ 179,587 $ (1,431,954) $ (4,795,630) $ (2,254,099)
Basic net income (loss) per common share:        
Income (loss) from continuing operations $ 0.00 $ (0.07) $ (0.06) $ (0.10)
Income (loss) from discontinued operations $ 0.01 $ (0.05) $ (0.33) $ (0.09)
Net income (loss) per share $ 0.01 $ (0.12) $ (0.39) $ (0.19)
Diluted net income (loss) per common share:        
Income (loss) from continuing operations $ 0.00 $ (0.07) $ (0.06) $ (0.10)
Income (loss) from discontinued operations $ 0.01 $ (0.05) $ (0.33) $ (0.09)
Net income (loss) per share $ 0.01 $ (0.12) $ (0.39) $ (0.19)
Weighted-average number of common shares        
Basic 12,223,584 12,175,584 12,209,416 12,175,584
Diluted 12,271,362 12,175,584 12,209,416 12,175,584