XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Sales $ 3,733,183 $ 3,900,922 $ 9,045,818 $ 8,864,809
Cost of sales 1,750,025 2,273,992 4,823,957 5,338,686
Gross profit 1,983,158 1,626,930 4,221,861 3,526,123
Operating expenses        
Wages 394,328 405,418 748,418 796,160
Administrative salaries and benefits 218,772 187,103 423,517 374,378
Advertising and promotion 2,021 9,620 11,326 25,951
Investor relations and transfer agent fee 44,281 42,922 63,738 78,099
Office and miscellaneous 112,700 72,492 148,429 113,593
Insurance 75,525 70,237 149,173 144,655
Interest expense 11,614 14,831 22,558 32,177
Rent 24,218 31,940 46,201 64,366
Consulting 30,997 29,844 60,833 67,193
Professional fees 48,778 61,819 68,687 94,466
Travel 46,004 29,221 84,519 57,427
Telecommunications 7,334 8,369 11,925 16,529
Shipping 6,238 4,996 9,632 9,769
Research 28,277 15,710 64,005 38,410
Commissions 4,193 32,460 59,727 70,945
Currency exchange (7,015) 339 10,980 (10,917)
Utilities 5,400 4,451 8,900 14,997
Total operating expenses 1,053,665 1,021,772 1,992,568 1,988,198
Income (loss) before other items and income tax 929,493 605,158 2,229,293 1,537,925
Gain (loss) on sale of equipment 1,914 (18,382) 1,914 (45,249)
Interest income 0 1 0 2,963
Income (loss) before income tax 931,407 586,777 2,231,207 1,495,639
Provision for income taxes 370,170 268,106 928,176 672,703
Net income (loss) 561,237 318,671 1,303,031 822,936
Other comprehensive income (loss) 11,553 78,343 (65,848) (426,426)
Comprehensive income (loss) $ 572,790 $ 397,014 $ 1,237,183 $ 396,510
Net income (loss) per share (basic and diluted) $ 0.05 $ 0.02 $ 0.11 $ 0.06
Weighted average number of common shares (basic) 11,427,991 13,169,991 11,485,683 13,169,991
Weighted average number of common shares (diluted) 11,577,960 13,427,466 11,558,183 13,320,109