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