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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2013
Summary Of Significant Accounting Policies Tables  
Credit and Concentration Risks

There were three customers that represented 59.3% and 67.9% of total sales for the three months ended March 31, 2013 and 2012, respectively. This is set forth in the table below.

 

Customer   Percentage of Sales  
    2013     2012  
    (Unaudited)     (Unaudited)  
             
1     25.8       37.8  
2     18.3       30.1  
3     15.2       *  
                 
* Customer was less than 10% of sales at March 31, 2012  

 

There were three customers that represented 51% and 54.6% of gross accounts receivable at March 31, 2013 and December 31, 2012, respectively. his is set forth in the table below.

 

Customer   Percentage of Receivables  
    March     December  
    2013     2012  
    (Unaudited)        
1     19.1       18.6  
2     17.0       25.3  
3     14.9       10.7  
Earnings per share

The following is a reconciliation of the denominators of basic and diluted earnings per share computations:

 

    2013     2012  
    (Unaudited)     (Unaudited)  
Weighted average shares outstanding used to compute basic earning per share     5,711,093       3,579,114  
Effect of dilutive stock options and warrants     98,479       -  
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share     5,809,572       3,579,114  
Anti-dilutive Securities

The following securities have been excluded from the calculation as their effect would be anti-dilutive:

 

    March 31,     March 31,  
    2013     2012  
    (Unaudited)     (Unaudited)  
Stock Options     12,548       306,336  
Warrants     250       250  
      12,798       306,586