XML 24 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Income Statement [Abstract]    
Sales, net $ 7,331,945 $ 5,260,971
Cost of sales 3,880,526 3,333,347
Gross profit 3,451,419 1,927,624
Operating expenses:    
Sales and marketing 544,722 585,777
Research and development 464,072 121,095
General and administrative 1,988,559 2,126,836
Operating expenses 2,997,353 2,833,708
Operating income (loss) 454,066 (906,084)
Nonoperating income (expense):    
Interest income 794 718
Interest expense (188,495) (120,149)
Nonoperating expenses (187,701) (119,431)
Income (loss) before taxes 266,365 (1,025,515)
Provision for taxes (10,740) 0
Net income (loss) $ 255,625 $ (1,025,515)
Basic earnings (loss) per common share $ 0.01 $ (0.03)
Diluted earnings (loss) per common share $ 0.01 $ (0.03)
Basic weighted average common shares outstanding [1] 36,414,041 35,732,866
Diluted weighted average common shares outstanding 37,472,579 35,732,866
[1] Includes 373,289 and 518,029 weighted average nonvested shares of restricted stock for the three months ended April 2, 2016 and April 4, 2015, respectively, which are participating securities that feature voting and dividend rights.