Business Segments (Tables)

6 Months Ended

Jul. 04, 2015

Business Segments Tables

Business Segmentation

Three months ended
July 4, 2015
		Ingredients segment				Core Standards and Contract Services segment				Scientific and Regulatory Consulting segment				Other						Total
Net sales		$		3,411,636		$		2,371,477		$		318,267		$		-				$		6,101,380
Cost of sales				1,869,205				1,635,294				126,189				-						3,630,688
Gross profit				1,542,431				736,183				192,078				-						2,470,692
Operating expenses:
Sales and marketing				298,281				336,392				5,075				-						639,748
General and administrative				-				-				-				2,015,004						2,015,004
Operating expenses				298,281				336,392				5,075				2,015,004						2,654,752
Operating income (loss)		$		1,244,150		$		399,791		$		187,003		$		(2,015,004		)		$		(184,060	)
Three months ended
June 28, 2014
	Ingredients segment				Core Standards and Contract Services segment				Scientific and Regulatory Consulting segment				Other						Total
Net sales	$		1,721,872		$		1,856,950		$		277,332		$		-				$		3,856,154
Cost of sales			1,043,538				1,295,530				118,320				-						2,457,388
Gross profit			678,334				561,420				159,012				-						1,398,766
Operating expenses:
Sales and marketing			310,386				221,797				39,365				-						571,548
General and administrative			-				-				-				2,468,646						2,468,646
Operating expenses			310,386				221,797				39,365				2,468,646						3,040,194
Operating income (loss)	$		367,948		$		339,623		$		119,647		$		(2,468,646		)		$		(1,641,428		)

Six months ended
July 4, 2015
	Ingredients segment		Core Standards and Contract Services segment		Scientific and Regulatory Consulting segment		Other			Total
Net sales	$	6,091,977	$	4,671,520	$	598,854	$	-		$	11,362,351
Cost of sales		3,472,381		3,209,078		282,576		-			6,964,035
Gross profit		2,619,596		1,462,442		316,278		-			4,398,316
Operating expenses:
Sales and marketing		572,905		647,336		5,284		-			1,225,525
General and administrative		-		-		-		4,262,935			4,262,935
Operating expenses		572,905		647,336		5,284		4,262,935			5,488,460
Operating income (loss)	$	2,046,691	$	815,106	$	310,994	$	(4,262,935	)	$	(1,090,144	)

Six months ended
June 28, 2014
	Ingredients segment		Core Standards and Contract Services segment		Scientific and Regulatory Consulting segment		Other			Total
Net sales	$	2,858,181	$	3,592,833	$	479,278	$	-		$	6,930,292
Cost of sales		1,761,715		2,489,165		295,638		-			4,546,518
Gross profit		1,096,466		1,103,668		183,640		-			2,383,774
Operating expenses:
Sales and marketing		550,346		434,572		51,197		-			1,036,115
General and administrative		-		-		-		4,806,309			4,806,309
Loss from investment in affiliate		-		-		-		21,543			21,543
Operating expenses		550,346		434,572		51,197		4,827,852			5,863,967
Operating income (loss)	$	546,120	$	669,096	$	132,443	$	(4,827,852	)	$	(3,480,193	)

-13-

			Core Standards and		Scientific and
At July 4, 2015	Ingredients		Contract Services		Regulatory Consulting
	segment		segment		segment		Other		Total
Total assets	$	4,275,827	$	3,406,936	$	185,357	$	6,354,474	$	14,222,594

			Core Standards and		Scientific and
At January 3, 2015	Ingredients		Contract Services		Regulatory Consulting
	segment		segment		segment		Other		Total
Total assets	$	3,757,073	$	3,220,518	$	105,711	$	4,433,545	$	11,516,847