XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue $ 7,093,785 $ 7,507,717 $ 14,248,736 $ 13,713,417
Cost of revenue 4,183,854 4,635,083 8,603,617 8,556,543
Gross profit 2,909,931 2,872,634 5,645,119 5,156,874
Operating expenses        
Selling and shipping 328,869 235,730 710,799 522,249
General and administrative 1,376,390 1,420,267 2,656,226 2,521,034
Related party-professional fees   15,000   35,000
Loss on sale of building (Note 8) 693,818   693,818  
Total operating expenses 2,399,077 1,670,997 4,060,843 3,078,283
Operating income 510,854 1,201,637 1,584,276 2,078,591
Other income (expense)        
Interest income 8,839 2,665 15,720 6,000
Interest expense (56,313) (48,923) (88,612) (102,655)
Other income 17,260 8,055 29,052 92,459
Total other (expense) (30,214) (38,203) (43,840) (4,196)
Income before income taxes 480,640 1,163,434 1,540,436 2,074,395
Income tax expense 159,886 384,994 491,526 608,531
Net income $ 320,754 $ 778,440 $ 1,048,910 $ 1,465,864
Basic income per common share (in Dollars per share) $ 0.05 $ 0.15 $ 0.18 $ 0.29
Diluted income per common share (in Dollars per share) $ 0.05 $ 0.14 $ 0.17 $ 0.28
Weighted average common shares outstanding basic (in Shares) 5,992,330 5,211,190 5,984,392 5,019,562
Stock options (in Shares) 169,842 256,514 169,563 244,968
Weighted average common shares outstanding diluted (in Shares) 6,162,172 5,467,704 6,153,955 5,264,530