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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives of property, plant and equipment

Production equipment		3 to 13 years
Office furniture and equipment		3 to 10 years
Buildings		39 years
Building improvements		15 years
Automobiles		7 years

Schedule of significant customers

		Six Months ended June 30, 2015		Six Months ended June 30, 2014		Three Months ended June 30, 2015		Three Months ended June 30, 2014
Number of significant customers		2		1		2		1
Aggregate dollar amount of net sales to significant customers		$5.7 million		$3.8 million		$3.0 million		$2.1 million
Percentage of net sales to significant customers		43.9%		29.7%		44.8%		30.6%

Schedule of earnings per share

		Three Months Ended June 30, 2015 (Restated)		Three Months Ended June 30, 2014		Six Months Ended June 30, 2015 (Restated)		Six Months Ended June 30, 2014
Net income (loss)	$	6,438,630	$	(1,389,823	) $	5,494,285	$	(3,428,215	)
Preferred dividend requirements		(227,554	)	(228,999	)	(455,303	)	(457,998	)

Earnings (loss) applicable to common shareholders after assumed conversions	$	6,211,076	$	(1,618,822	) $	5,038,982	$	(3,886,213	)

Average common shares outstanding		27,741,052		27,332,483		27,702,276		27,295,586

Average common and common equivalent shares outstanding - assuming dilution		29,432,468		27,332,483		29,411,606		27,295,586

Basic earnings (loss) per share	$	0.22	$	(0.06	) $	0.18	$	(0.14	)

Diluted earnings (loss) per share	$	0.21	$	(0.06	) $	0.17	$	(0.14	)