Annual report pursuant to Section 13 and 15(d)

QUARTERLY INFORMATION (UNAUDITED)

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QUARTERLY INFORMATION (UNAUDITED)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

NOTE 13 – QUARTERLY INFORMATION (UNAUDITED)

 

The following table presents unaudited quarterly financial information for Fiscal 2011 and Fiscal 2010 (in thousands, except per share amounts):

 

    Quarter Ended  
    March 31,     June 30,     September 30,     December 31,  
Fiscal 2011                        
Net sales   $ 3,166     $ 1,744     $ 5,083     $ 7,460  
Gross profit   $ 1,994     $ 896     $ 3,596     $ 4,796  
Income (loss) from continuing operations   $ (1,013 )   $ (976 )   $ 1,110     $ (1,831 )
Net income (loss)   $ (1,013 )   $ (976 )   $ 1,110     $ (1,831 )
                                 
Basic and diluted earnings (loss) per share:                                
Income (loss) from continuing operations   $ (0.07 )   $ (0.07 )   $ 0.07     $ (0.12 )
Net income  (loss)   $ (0.07 )   $ (0.07 )   $ 0.07     $ (0.12 )
                                 
Fiscal 2010                                
Net sales   $ 1,976     $ 1,131     $ 5,204     $ 6,191  
Gross profit   $ 1,170     $ 471     $ 3,610     $ 3,579  
Income (loss) from continuing operations   $ (1,062 )   $ (2,254 )   $ 947     $ (1,132 )
Net income (loss)   $ (1,062 )   $ (2,254 )   $ 947     $ (1,132 )
                                 
Basic and diluted earnings (loss) per share:                                
Income (loss) from continuing operations   $ (0.08 )   $ (0.15 )   $ 0.06     $ (0.08 )
Net income  (loss)   $ (0.08 )   $ (0.15 )   $ 0.06     $ (0.08 )