Quarterly report pursuant to sections 13 or 15(d)

NOTE 5 - BUSINESS COMBINATION (Tables)

v2.4.0.6
NOTE 5 - BUSINESS COMBINATION (Tables)
9 Months Ended
Sep. 30, 2012
Business Acquisition, Pro Forma Information [Table Text Block]
The following table represents the unaudited consolidated pro forma results of operations for the nine months ended September 30, 2012 and 2011 as if the acquisition occurred on January 1, 2011. Operating expenses have been increased for the estimated amortization expense associated with the fair value adjustment as of September 2012 of expected definite lived intangible assets, for a net adjustment of $111,000 in the nine months ended September 30, 2012 and 2011

   
Pro – Forma
 
   
Nine Months Ended
September 30, 2012
   
Nine Months Ended
September 30, 2011
 
Net sales
 
$
10,043,620
   
$
10,418,752
 
Operating expenses
   
4,824,622
     
3,159,836
 
Income (loss) before taxes
   
(1,108,354
)
   
2,258,226
 
Net income (loss)
 
$
(1,108,354
)
 
$
2,258,226
 
Basic income (loss) per common share
 
$
(0.01
)
 
$
0.50
 
Diluted income (loss) per common share
 
$
(0.01
)
 
$
0.02