XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Income Statement [Abstract]        
Sales $ 3,598,032 $ 3,861,195 $ 12,553,832 $ 12,148,737
Cost of sales 2,567,853 2,708,051 8,442,563 7,528,651
Gross profit 1,030,179 1,153,144 4,111,269 4,620,086
Operating expenses        
Wages 410,369 410,470 1,267,020 1,299,421
Administrative salaries and benefits 153,280 86,651 592,527 273,042
Advertising and promotion 10,895 21,073 54,161 77,548
Investor relations and transfer agent fee 58,008 50,115 171,771 137,781
Office and miscellaneous 167,339 92,953 372,131 347,278
Insurance 70,899 66,144 203,060 180,967
Interest expense 24,223 28,568 85,637 68,657
Rent 44,984 47,171 136,086 136,377
Consulting 78,755 26,981 220,112 80,375
Professional fees 152,936 89,911 408,880 309,210
Travel 38,431 24,090 102,580 96,544
Telecommunications 7,793 8,745 22,614 27,257
Shipping 12,713 8,752 29,678 25,188
Research 14,608 20,836 52,285 56,265
Commissions 42,751 6,888 155,523 104,127
Bad debt expense (395)    (319)   
Currency exchange (5,219) (12,566) (8,782) 22,040
Utilities 34,824 21,074 99,234 74,880
Total operating expenses 1,317,194 997,856 3,964,198 3,316,957
Operating income (loss) (287,015) 155,288 147,071 1,303,129
Interest income 398 53 759 53
Gain on sale of equipment       2,217   
Income (loss) before income tax (286,617) 155,341 150,047 1,303,182
Deferred tax (recovery)   (20,000) (10,000) (20,000)
Provision for income taxes 171,468 267,634 861,468 882,634
Net income (loss) $ (458,085) $ (92,293) $ (701,421) $ 440,548
Net income (loss) per share (basic) $ (0.03) $ (0.01) $ (0.05) $ 0.03
Net income (loss) per share (diluted) $ (0.03) $ (0.01) $ (0.05) $ 0.03
Weighted average number of common shares (basic) 13,169,991 13,169,991 13,169,991 13,269,926
Weighted average number of common shares (diluted) 13,169,991 13,507,833 13,231,475 13,443,795