Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2012

Assets and Liabilities, Revenues and Expenses Associated with Discontinued Operations

The following amounts have been segregated from continuing operations and included in discontinued operations in the consolidated statements of operations:

	Three Months Ended June 30, 2011			Six Months Ended June 30, 2011

Net sales	$	3,201,095		$	5,736,934
Cost of goods sold		1,004,336			1,762,949
Gross profit		2,196,759			3,973,985

Operating expenses:
Research and development		102,133			278,219
Selling, general and administrative		687,355			756,557
Total operating expenses		789,488			1,034,776

Other expense, net		(87	)		(221	)
Income taxes		(478,444	)		(999,257	)

Income from discontinued operations	$	928,740		$	1,939,731

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details