• Filing Date: 2013-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
Consolidated Condensed Statements of Income (Operations) (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 28, 2013
Jun. 29, 2012
Jun. 28, 2013
Jun. 29, 2012
Income Statement [Abstract]        
Revenue $ 23,294,561 $ 24,269,530 $ 43,199,279 $ 43,363,211
Cost of staffing services 17,412,312 18,256,277 32,097,439 32,708,400
Gross Profit 5,882,249 6,013,253 11,101,840 10,654,811
Selling, general and administrative expenses 5,204,200 5,066,979 10,158,030 9,386,315
Depreciation and amortization 128,038 82,937 217,049 203,400
Income from operations 550,011 863,337 726,761 1,065,096
Interest expense and other financing expense (119,086) (191,792) (339,385) (338,864)
Change in fair value of derivative liability 41,648 461,538 97,404 (154,645)
Net income before income taxes 472,573 1,133,083 484,779 571,587
Provision for income taxes 0 (290,500) 0 (290,500)
Net Income $ 472,573 $ 842,583 $ 484,779 $ 281,087
Earnings per share:        
Basic $ 0.01 $ 0.01 $ 0.01 $ 0.00
Diluted $ 0.01 $ 0.01 $ 0.01 $ 0.00
Weighted average shares outstanding:        
Basic 59,611,242 59,146,678 59,611,242 59,095,732
Diluted 62,484,459 63,985,995 62,794,132 63,720,922