Quarterly report pursuant to sections 13 or 15(d)

NOTE 5 - BUSINESS COMBINATION (Tables)

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NOTE 5 - BUSINESS COMBINATION (Tables)
3 Months Ended
Mar. 31, 2013
Business Acquisition, Pro Forma Information [Table Text Block]
The following table represents the unaudited consolidated pro forma results of operations for the three months ended March 31, 2012 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 March 31, 2012 of expected definite lived intangible assets, for a net adjustment of $41 in the three months ended March 31, 2012.

  Pro Forma (in thousands)
       
   
 
Three Months Ended
March 31, 2012
 
Net sales
 
$
3,504
 
Operating expenses
   
2,563
 
Income (loss) before taxes
   
(807
Net income (loss)
 
$
(807
Basic income (loss) per common share
 
$
(0.01
)
Diluted income (loss) per common share
 
$
(0.01
)