XML 45 R11.htm IDEA: XBRL DOCUMENT

Note 6 - Significant Risks and Uncertainties	3 Months Ended
Sep. 30, 2013
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	*Note 6. Significant Risks and Uncertainties* *(a) Major Customers.* For the three months ended September 30, 2013, approximately 79% of total net sales were derived from two customers in the Company’s contract manufacturing segment as compared to approximately 72% of total net sales derived from two customers in the Company’s contract manufacturing segment in the three months ended September 30, 2012. Accounts receivable as of September 30, 2013 from these customers represented approximately 63% of total accounts receivable. The loss of any of these customers would have an adverse affect on the Company’s operations. Major customers are those customers who account for more than 10% of net sales. *(b) Other Business Risks.* Approximately 63% the Company’s employees are covered by a union contract and are employed in its New Jersey facilities. The union contract was renewed in May 2012 and expires in August 2015.

Note 6 - Significant Risks and Uncertainties

3 Months Ended

Sep. 30, 2013

Concentration Risk Disclosure [Text Block]

Note 6. Significant Risks and Uncertainties

(a) Major Customers. For the three months ended September 30, 2013, approximately 79% of total net sales were derived from two customers in the Company’s contract manufacturing segment as compared to approximately 72% of total net sales derived from two customers in the Company’s contract manufacturing segment in the three months ended September 30, 2012. Accounts receivable as of September 30, 2013 from these customers represented approximately 63% of total accounts receivable. The loss of any of these customers would have an adverse affect on the Company’s operations. Major customers are those customers who account for more than 10% of net sales.

(b) Other Business Risks. Approximately 63% the Company’s employees are covered by a union contract and are employed in its New Jersey facilities. The union contract was renewed in May 2012 and expires in August 2015.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details