Acquisition - Proforma Combined Statements of Operations

6 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Note 3 - Acquisition – Proforma Combined Statements of Operations

On February 1, 2012, the Company’s wholly-owned subsidiary, R. L. Drake Holdings, LLC (“RLD”), a Delaware limited liability company, acquired substantially all of the assets and assumed certain specified liabilities of R. L. Drake, LLC, a Delaware limited liability company (“Seller”), pursuant to an Asset Purchase Agreement of even date, by and among RLD, Seller, R. L. Drake Acquisition Corporation, a Delaware corporation, and WBMK Holding Company, an Ohio corporation, as amended by a certain First Amendment to Asset Purchase Agreement dated February 3, 2012.

The Company accounted for the business combination using the acquisition method of accounting. The Company’s results of operations for the three and six months ended June 30, 2012, include the revenue and expenses of the acquired business since the date of acquisition. The operations of the acquired business have been fully integrated with those of the Company and is not separately reportable. The unaudited pro forma financial results for the six months ended June 30, 2012 combines the historical results of the Seller with those of the Company as if this acquisition had been completed as of the beginning of the period presented. There were no material non-recurring pro forma adjustments directly attributable to this acquisition. 

 Pro Forma Combined Statements of Operations

	Six Months Ended June 30, 2012
Net sales	$	15,008
Loss from operations	$	(1,661)
Net loss	$	(1,873)
Basic and diluted net loss per share	$	(0.30)
Basic and diluted weighted average shares outstanding		6,216