Annual report pursuant to Section 13 and 15(d)

QUARTERLY INFORMATION (UNAUDITED)

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QUARTERLY INFORMATION (UNAUDITED)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

NOTE 12 – QUARTERLY INFORMATION (UNAUDITED)

 

The following table presents unaudited quarterly financial information for Fiscal 2012 and Fiscal 2011 (in thousands, except per share amounts):

 

    Quarter Ended  
    March 31,     June 30,     September 30,     December 31,  
Fiscal 2012                        
Net sales   $ 6,018     $ 1,894     $ 5,415     $ 9,079  
Gross profit   $ 4,340     $ 825     $ 3,399     $ 5,688  
Net income (loss)   $ (688 )   $ (1,930 )   $ 1,074     $ 453  
                                 
Basic and diluted earnings (loss) per share:                                
Net income  (loss)   $ (0.05 )   $ (0.13 )   $ 0.07     $ 0.04  
                                 
Fiscal 2011                                
Net sales   $ 3,166     $ 1,744     $ 5,083     $ 7,460  
Gross profit   $ 1,994     $ 896     $ 3,596     $ 4,796  
Net income (loss)   $ (1,013 )   $ (976 )   $ 1,110     $ (1,831 )
                                 
Basic and diluted earnings (loss) per share:                                
Net income  (loss)   $ (0.07 )   $ (0.07 )   $ 0.07     $ (0.12 )