XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sales $ 2,168,740 $ 3,100,218 $ 6,664,433 $ 9,562,015
Cost of Goods Sold 1,933,611 2,776,937 5,808,393 8,486,052
Gross Profit 235,129 323,281 856,040 1,075,963
Selling, general and administrative expense 179,084 186,425 565,112 528,064
Total Operating Expenses 179,084 186,425 565,112 528,064
Income before depreciation expense 56,045 136,856 290,928 547,899
Depreciation and amortization expense 2,490 1,681 7,479 3,852
Income before Other Income/(Expenses) 53,555 135,175 283,449 544,047
Interest and other income 1 2 4 5
Penalty       (4,098)
Unrealized gain/(loss) 740 (2,244) 870 (3,136)
Interest expense (8,851) (6,831) (20,075) (20,899)
Total Other Income/(Expenses) (8,110) (9,073) (19,201) (28,128)
Income before Provision for Income Taxes 45,445 126,102 264,248 515,919
Income tax expense (9,584) (43,581) (81,970) (197,734)
Net Income $ 35,861 $ 82,521 $ 182,278 $ 318,185
BASIC AND DILUTED INCOME PER SHARE $ 0.00 $ 0.00 $ 0.00 $ 0.00
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED 169,409,620 169,409,620 169,409,620 169,409,620