XML 22 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Earnings (unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Net sales $ 4,605,000us-gaap_SalesRevenueNet $ 7,073,000us-gaap_SalesRevenueNet
Cost of sales 3,584,000us-gaap_CostOfRevenue 5,732,000us-gaap_CostOfRevenue
Gross margin 1,021,000us-gaap_GrossProfit 1,341,000us-gaap_GrossProfit
Selling & administrative expenses 1,011,000us-gaap_SellingGeneralAndAdministrativeExpense 1,304,000us-gaap_SellingGeneralAndAdministrativeExpense
Operating earnings 10,000us-gaap_OperatingIncomeLoss 37,000us-gaap_OperatingIncomeLoss
Interest expense 0us-gaap_InterestExpense 15,000us-gaap_InterestExpense
Other income, net 0us-gaap_OtherNonoperatingIncomeExpense (5,000)us-gaap_OtherNonoperatingIncomeExpense
Income tax expense 4,000us-gaap_IncomeTaxExpenseBenefit 38,000us-gaap_IncomeTaxExpenseBenefit
Earnings (loss) from continuing operations 6,000us-gaap_IncomeLossFromContinuingOperations (11,000)us-gaap_IncomeLossFromContinuingOperations
Discontinued Operations:    
Earnings from discontinued operations 73,000us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 82,000us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Discontinued operations, net of income taxes 73,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 82,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 79,000us-gaap_NetIncomeLoss $ 71,000us-gaap_NetIncomeLoss
Basic and Diluted earnings per share:    
Continuing operations (in dollars per share) $ 0us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Discontinued operations (in dollars per share) $ 0.01us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $ 0.01us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
Net income per share (in dollars per share) $ 0.01us-gaap_EarningsPerShareBasicAndDiluted $ 0.01us-gaap_EarningsPerShareBasicAndDiluted
Basic and diluted average common shares outstanding (in shares) 11,680,395us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 11,731,842us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted