Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Disposal Groups, including Discontinued Operations

	Years Ended December 31,
	2011			2010

Net sales	$	7,684,689		$	10,140,476
Cost of goods sold		2,324,427			3,230,575
Gross profit		5,360,262			6,909,901

Operating expenses:
Research and development		564,194			371,794
Selling, general and administrative		308,220			258,452
Total operating expenses		872,414			630,246

Other expense, net		(1,084	)		(529	)
Income taxes		(1,157,230	)		(2,134,903	)

Income from discontinued operations	$	3,329,534		$	4,144,223

- 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