XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 3 Months Ended 6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Net sales $ 3,012,481 $ 15,582,793 $ 6,135,935 $ 32,145,635
Cost of goods sold 2,381,234 9,483,026 4,778,741 21,156,049
Gross profit 631,247 6,099,767 1,357,194 10,989,586
Operating expenses:        
Selling, general, and administrative 1,638,762 2,497,214 3,302,659 5,448,292
Total operating expenses 1,638,762 2,497,214 3,302,659 5,448,292
Income (loss)from operations (1,007,515) 3,602,553 (1,945,465) 5,541,294
Other income (loss), net:        
Interest income 8,645 11,080 18,000 24,302
Gain from sale of property and equipment   120   212,303
Loss on disposal of property and equipment (291) (1,054) (291) (140,283)
Other income (loss), net (8,534) (104,284) 10,479 (16,548)
Total other income (loss), net (180) (94,138) 28,188 79,774
Net income (loss) before provision for income taxes (1,007,695) 3,508,415 (1,917,277) 5,621,068
Income tax provision (benefit) (332,658) 1,105,232 (508,658) 2,255,232
Net income (loss) before non-controlling interests (675,037) 2,403,183 (1,408,619) 3,365,836
Non-controlling interests in net loss (income) of subsidiary at 48.2% and 49.4% for the three and six months ended December 31, 2011 and 2010, respectively 186,847 (371,906) 467,845 (207,740)
Net income (loss) $ (488,190) $ 2,031,277 $ (940,774) $ 3,158,096
Basic earnings (loss) per share (in Dollars per share) $ (0.04) $ 0.17 $ (0.08) $ 0.25
Diluted earnings (loss) per share (in Dollars per share) $ (0.04) $ 0.17 $ (0.08) $ 0.25
Weighted average common shares outstanding – basic (in Shares) 11,837,559 11,977,808 11,834,788 12,717,023
Weighted average common shares outstanding – diluted (in Shares) 12,050,924 12,150,765 12,048,153 12,889,980