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v2.4.1.9

Consolidated Statements of Income (USD $) | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2013
Revenue |  |
Products sales and leasing | $ 16,609,047 smid_ProductsSalesAndLeasing | $ 21,897,695 smid_ProductsSalesAndLeasing
Shipping and installation revenue | 4,269,157 smid_ShippingAndInstallationRevenue | 4,267,469 smid_ShippingAndInstallationRevenue
Royalties | 1,592,633 us-gaap_LicensesRevenue | 1,545,378 us-gaap_LicensesRevenue
Total revenue | 22,470,837 us-gaap_SalesRevenueNet | 27,710,542 us-gaap_SalesRevenueNet
Cost of goods sold | 18,625,035 us-gaap_CostOfGoodsAndServicesSold | 21,138,628 us-gaap_CostOfGoodsAndServicesSold
Gross profit | 3,845,802 us-gaap_GrossProfit | 6,571,914 us-gaap_GrossProfit
General and administrative expenses | 2,979,835 us-gaap_GeneralAndAdministrativeExpense | 3,088,403 us-gaap_GeneralAndAdministrativeExpense
Selling expenses | 2,218,269 us-gaap_SellingAndMarketingExpense | 2,322,837 us-gaap_SellingAndMarketingExpense
Total operating expenses | 5,198,104 us-gaap_OperatingExpenses | 5,411,240 us-gaap_OperatingExpenses
Gain on sale of assets | (174)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 61,634 us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Other | 157,540 us-gaap_OtherIncome | 57,362 us-gaap_OtherIncome
Operating income | (1,194,936)us-gaap_OperatingIncomeLoss | 1,279,670 us-gaap_OperatingIncomeLoss
Other income (expense) |  |
Interest expense | (116,229)us-gaap_InterestExpense | (132,026)us-gaap_InterestExpense
Interest income | 8,327 us-gaap_InterestIncomeDomesticDeposits | 3,538 us-gaap_InterestIncomeDomesticDeposits
Loss on investment securities available-for-sale | 0 us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet | (68,680)us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Total other expense | (107,902)smid_TotalOtherExpense | (197,168)smid_TotalOtherExpense
Income before income tax expense | (1,302,838)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 1,082,502 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense | (498,000)us-gaap_IncomeTaxExpenseBenefit | 391,000 us-gaap_IncomeTaxExpenseBenefit
Net income | $ (804,838)us-gaap_NetIncomeLoss | $ 691,502 us-gaap_NetIncomeLoss
Basic earnings per share (in dollars per share) | $ (0.16)us-gaap_EarningsPerShareBasic | $ 0.14 us-gaap_EarningsPerShareBasic
Diluted earnings per share (in dollars per share) | $ (0.16)us-gaap_EarningsPerShareDiluted | $ 0.14 us-gaap_EarningsPerShareDiluted

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