XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Sales $ 4,286,731 $ 4,884,629 $ 8,099,712 $ 9,389,164
Cost of sales 2,732,022 3,311,257 5,390,848 6,469,640
Gross profit 1,554,709 1,573,372 2,708,864 2,919,524
Operating expenses        
Wages 381,913 468,524 802,116 921,390
Administrative salaries and benefits 199,659 203,466 398,609 414,014
Advertising and promotion 5,476 10,941 27,950 17,663
Investor relations and transfer agent fee 54,494 58,768 103,197 115,516
Office and miscellaneous 62,586 214,942 172,294 333,230
Insurance 71,874 49,834 146,917 121,292
Interest expense 25,940 46,484 52,772 55,880
Rent 50,562 45,711 100,525 91,710
Consulting 58,357 83,361 138,903 161,616
Professional fees 53,557 81,948 148,655 125,173
Travel 24,763 26,833 54,662 61,784
Telecommunications 8,158 8,913 15,185 15,736
Shipping 6,459 6,999 17,867 14,213
Research 32,020 66,943 76,542 80,155
Commissions 6,843 46,871 70,678 86,340
Bad debt expense    27,225    27,225
Currency exchange 1,263 4,483 (4,149) 5,030
Utilities 12,323 38,957 43,257 68,285
Total operating expenses 1,056,247 1,491,203 2,365,980 2,716,252
Income (loss) before other items and income tax 498,462 82,169 342,884 203,272
Gain on sale of equipment 0 0    2,057
Income (loss) before income tax 498,462 82,169 342,884 205,329
Provision for income taxes 98,709 12,000 98,709 70,000
Net income (loss) 399,753 70,169 244,175 135,329
Other comprehensive income (loss) 190,976 (129,507) (71,368) (206,564)
Comprehensive income (loss) $ 590,729 $ (59,338) $ 172,807 $ (71,235)
Net income per share (basic and diluted) $ 0.03 $ 0 $ 0.01 $ (0.01)
Weighted average number of common shares (basic and diluted) 13,169,991 13,169,991 13,169,991 13,169,991