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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Sales $ 2,314,704 $ 3,621,079 $ 4,495,693 $ 6,461,797
Cost of Goods Sold 2,058,776 3,299,702 3,879,127 5,709,115
Gross Profit 255,928 321,377 616,566 752,682
Selling, general and administrative expense 192,910 191,006 381,683 341,639
Total Operating Expenses 192,910 191,006 381,683 341,639
Income before depreciation expense 63,018 130,371 234,883 411,043
Depreciation and amortization expense 2,518 1,215 4,989 2,171
Income before Other Income/(Expenses) 60,500 129,156 229,894 408,872
Interest and other income 1 3 3 3
Penalty   (3,877)   (4,098)
Unrealized gain/(loss) (1,286) (418) 130 (892)
Interest expense (5,851) (7,642) (11,224) (14,068)
Total Other Income/(Expenses) (7,136) (11,934) (11,091) (19,055)
Income before Provision for Income Taxes 53,364 117,222 218,803 389,817
Income tax expense (11,033) (45,673) (72,385) (154,153)
Net Income $ 42,331 $ 71,549 $ 146,418 $ 235,664
BASIC AND DILUTED INCOME PER SHARE $ 0.00 $ 0.01 $ 0.02 $ 0.03
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED 8,470,481 8,470,481 8,470,481 8,470,481