XML 20 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement

In accordance with ASC 205-20, the sale of the TDG Assets has been accounted for as discontinued operation. Accordingly, the operating results of the TDG Assets for the three months ended March 31, 2013 and 2012 have been reclassified as discontinued operations on the unaudited Consolidated Statement of Operations. Below is a summary of these results:

 

    For Three Months  
    Ended March 31,  
    2013     2012  
    (Unaudited)     (Unaudited)  
             
Sales of Products   $ —     $ 1,387,337  
Sales of Engineering Services     —       354,014  
                 
Total Sales     —       1,741,351  
                 
Total Cost of Sales     —       986,869  
                 
Gross Profit     —       754,482  
                 
Operating Expenses:                
Research and Development     —       163,921  
Selling and Marketing     —       98,006  
General and Administrative     —       —  
Depreciation and Amortization     —       —  
Interest Expense on Senior Debt*     —       206,470  
Amortization Senior Debt Discount*     —       62,976  
                 
Income from Discontinued Operations     —       223,109  
                 
Gain (Loss) on Disposal of Discontinued Operations     —       —  
Provision (Benefit) for Income Taxes     —       —  
                 
Net Income from Discontinued Operations     —       223,109  
                 
Basic Income per Share   $ —     $ 0.063  
Diluted Income per Share   $ —     $ 0.063  
Weighted-average Shares Outstanding                
Basic and Diluted     3,536,865       3,536,865  

 

* Amounts reported represent the interest expense and the amortization of the discount on the Senior Term debt that was required to be repaid from the proceeds of the TDG Asset sale.