| Selected Quarterly Financial Data (Unaudited) |
NOTE 14 - SELECTED QUARTERLY FINANCIAL DATA
(UNAUDITED)
The following is a summary of the Company’s unaudited
quarterly results of operations for the periods ended
December 28, 2013 and December 31, 2012.
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For the three month periods ended
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December 28,
2013 |
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December 31,
2012 |
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(unaudited) |
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(unaudited) |
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REVENUE
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$ |
8,974,216 |
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$ |
6,819,321 |
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COST OF REVENUE
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7,099,767 |
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5,357,046 |
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GROSS PROFIT
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1,874,449 |
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1,462,275 |
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OPERATING EXPENSES:
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Depreciation
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2,709 |
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3,182 |
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Selling, general and administrative
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1,110,136 |
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996,072 |
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TOTAL OPERATING EXPENSES
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1,112,845 |
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999,254 |
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OPERATING INCOME
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761,604 |
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463,021 |
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OTHER INCOME (EXPENSES)
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Derivative income/(expense)
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— |
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1,200 |
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Interest income
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121 |
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188 |
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Interest expense
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(10,342 |
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(11,707 |
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TOTAL OTHER (EXPENSE)
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(10,221 |
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(10,319 |
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INCOME BEFORE INCOME TAXES
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751,383 |
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452,702 |
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INCOME TAX BENEFIT/(EXPENSE)
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(327,762 |
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174,683 |
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NET INCOME
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$ |
423,621 |
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$ |
627,385 |
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Net Income Per Share (Basic)
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$ |
0.03 |
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$ |
0.04 |
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Net Income Per Share (Fully Diluted)
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$ |
0.03 |
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$ |
0.04 |
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Weighted Average Common Shares Outstanding
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15,493,116 |
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16,200,509 |
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Weighted Average Common and Common Equivalent Shares
Outstanding
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15,493,116 |
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16,200,509 |
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