Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) (USD $)
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12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) [Abstract] | |||
Sales | $ 119,071,439us-gaap_SalesRevenueNet | $ 131,319,510us-gaap_SalesRevenueNet | $ 104,249,654us-gaap_SalesRevenueNet |
Costs and expenses: | |||
Cost of sales | 76,912,881us-gaap_CostOfRevenue | 86,420,982us-gaap_CostOfRevenue | 62,752,763us-gaap_CostOfRevenue |
Selling, general and administrative expenses | 38,627,801us-gaap_SellingGeneralAndAdministrativeExpense | 36,742,869us-gaap_SellingGeneralAndAdministrativeExpense | 38,100,773us-gaap_SellingGeneralAndAdministrativeExpense |
Impairment loss | 5,849,853us-gaap_GoodwillImpairmentLoss | ||
Restructuring expense | 237,838us-gaap_RestructuringCharges | 1,149,439us-gaap_RestructuringCharges | |
Total costs and expenses | 115,778,520us-gaap_CostsAndExpenses | 130,163,143us-gaap_CostsAndExpenses | 100,853,536us-gaap_CostsAndExpenses |
Operating income | 3,292,919us-gaap_OperatingIncomeLoss | 1,156,367us-gaap_OperatingIncomeLoss | 3,396,118us-gaap_OperatingIncomeLoss |
Other income and (expenses): | |||
Investment and other income | 80,392us-gaap_InvestmentIncomeInterestAndDividend | 125,985us-gaap_InvestmentIncomeInterestAndDividend | 75,187us-gaap_InvestmentIncomeInterestAndDividend |
(Loss)/gain on sale of assets | (112,242)us-gaap_GainLossOnDispositionOfAssets | (73,126)us-gaap_GainLossOnDispositionOfAssets | 62,630us-gaap_GainLossOnDispositionOfAssets |
Interest and other expense | (79,841)us-gaap_InterestAndDebtExpense | (106,101)us-gaap_InterestAndDebtExpense | (136,255)us-gaap_InterestAndDebtExpense |
Other (expense) income, net | (111,691)us-gaap_NonoperatingIncomeExpense | (53,242)us-gaap_NonoperatingIncomeExpense | 1,562us-gaap_NonoperatingIncomeExpense |
Income from operations before income taxes | 3,181,228us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 1,103,125us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 3,397,680us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
Income tax expense | 1,219,355us-gaap_IncomeTaxExpenseBenefit | 2,061,013us-gaap_IncomeTaxExpenseBenefit | 1,159,566us-gaap_IncomeTaxExpenseBenefit |
Net income (loss) | 1,961,873us-gaap_NetIncomeLoss | (957,888)us-gaap_NetIncomeLoss | 2,238,114us-gaap_NetIncomeLoss |
Other comprehensive (loss) income, net of tax: | |||
Additional minimum pension liability adjustments | 155,000us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax | 37,000us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax | 1,311,000us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax |
Unrealized (losses)/gains on available-for-sale securities | (42,666)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax | (21,964)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax | 26,223us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax |
Foreign currency translation adjustment | (567,480)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax | 333,000us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax | (2,032,877)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax |
Total other comprehensive (loss) income | (455,146)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent | 348,036us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent | (695,654)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent |
Comprehensive income (loss) | $ 1,506,727us-gaap_ComprehensiveIncomeNetOfTax | $ (609,852)us-gaap_ComprehensiveIncomeNetOfTax | $ 1,542,460us-gaap_ComprehensiveIncomeNetOfTax |
Basic net income (loss) per share: | $ 0.23us-gaap_EarningsPerShareBasic | $ (0.11)us-gaap_EarningsPerShareBasic | $ 0.26us-gaap_EarningsPerShareBasic |
Diluted net income (loss) per share: | $ 0.23us-gaap_EarningsPerShareDiluted | $ (0.11)us-gaap_EarningsPerShareDiluted | $ 0.26us-gaap_EarningsPerShareDiluted |
Weighted Average Basic Shares Outstanding | 8,622,032us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 8,531,073us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 8,508,497us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Weighted Average Dilutive Shares Outstanding | 8,640,416us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 8,531,073us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 8,518,613us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
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Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after tax and reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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