XML 30 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Sales $ 16,523,826 $ 17,040,249 $ 44,341,612 $ 52,622,968
Cost of goods sold 14,137,085 13,905,844 37,052,512 43,267,708
Gross margin 2,386,741 3,134,405 7,289,100 9,355,260
Expenses:        
Selling, general and administrative expenses 2,689,569 2,930,475 8,108,750 9,634,616
Depreciation and amortization 80,499 105,971 302,831 287,786
Total operating expenses 2,770,068 3,036,446 8,411,581 9,922,402
Operating (loss) income (383,327) 97,959 (1,122,481) (567,142)
Other expense (income):        
Other (income) expense, net (3,766) 12,982 (7,469) (44,679)
Interest expense 84,826 89,240 257,487 258,383
Other expense 81,060 102,222 250,018 213,704
Loss from continuing operations before income taxes (464,387) (4,263) (1,372,499) (780,846)
Income tax expense (benefit) 18,159 (17,094) 43,082 29,976
(Loss) income from continuing operations (482,546) 12,831 (1,415,581) (810,822)
Discontinued operations:        
Income (loss) from discontinued operations, net of taxes 13,848 166,757 58,095 (3,984,808)
Net (loss) income $ (468,698) $ 179,588 $ (1,357,486) $ (4,795,630)
Basic net loss per common share:        
(Loss) income from continuing operations $ (0.04) $ 0.00 $ (0.11) $ (0.06)
(Loss) income from discontinued operations 0.01 (0.33)
Net (loss) income per share $ (0.04) 0.01 $ (0.11) (0.39)
Diluted net loss per common share:        
(Loss) income from continuing operations $ (0.04) 0.00 $ (0.11) (0.06)
(Loss) income from discontinued operations 0.01 (0.33)
Net (loss) income per share $ (0.04) $ 0.01 $ (0.11) $ (0.39)
Weighted-average number of common shares        
Basic 12,296,446 12,223,584 12,268,475 12,209,416
Diluted 12,296,446 12,271,362 12,268,475 12,209,416