Preferred stock	3 Months Ended
Apr. 02, 2013
Preferred stock
Preferred stock	6. Preferred stock As of April 2, 2013, the Company had 3,000,000 shares of Series A Preferred stock outstanding. The Company is obligated to pay 9% dividends on the Series A Preferred through 2013, of which one-half is in cash and one-half is in the form of common stock. As such, on December 31, 2012, the Company paid $101,252 in cash dividends and issued 45,731 shares of its common stock to the preferred shareholder of record on that date. On March 29, 2013, the Company paid $101,252 in cash dividends and issued 48,009 shares of its common stock to the preferred shareholder of record on that date.

Preferred stock

3 Months Ended

Apr. 02, 2013

6. Preferred stock

As of April 2, 2013, the Company had 3,000,000 shares of Series A Preferred stock outstanding. The Company is obligated to pay 9% dividends on the Series A Preferred through 2013, of which one-half is in cash and one-half is in the form of common stock. As such, on December 31, 2012, the Company paid $101,252 in cash dividends and issued 45,731 shares of its common stock to the preferred shareholder of record on that date. On March 29, 2013, the Company paid $101,252 in cash dividends and issued 48,009 shares of its common stock to the preferred shareholder of record on that date.