Quarterly report pursuant to Section 13 or 15(d)

NOTE 6 - BUSINESS COMBINATION (Tables)

v2.4.0.8
NOTE 6 - BUSINESS COMBINATION (Tables)
9 Months Ended
Sep. 30, 2014
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block] The following unaudited pro forma information does not purport to present what the Company’s actual results would have been had the acquisition occurred on January 1, 2013, nor is the financial information indicative of the results of future operations. The following table represents the unaudited consolidated pro forma results of operations for the nine months ended September 30, 2014 and 2013 as if the acquisition occurred on January 1, 2013. Operating expenses have been increased for the amortization expense associated with the estimated fair value adjustment as of September 30, 2014 of expected definite lived intangible assets.

Pro Forma
 
Nine Months Ended
September 30, 2014
   
Nine Months Ended
September 30, 2013
 
Net sales
 
$
17,000,967
   
$
13,530,826
 
Operating expenses
   
6,238,390
     
5,035,264
 
Income  before taxes
   
858,658
     
104,756
 
Net income
 
$
493,370
   
$
104,756
 
Basic and diluted income per common share
 
$
0.00
   
$
0.00