0000050292
2011-09-23
0000050292
2011-03-25
0000050292
2011-03-26
2011-09-23
0000050292
2010-03-27
2010-09-24
0000050292
2011-06-25
2011-09-23
0000050292
2010-06-26
2010-09-24
0000050292
2010-09-24
0000050292
2010-03-26
iso4217:USD
iso4217:USD
xbrli:shares
xbrli:shares
<div><div><div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 7 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">OTHER CURRENT LIABILITIES:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Other current liabilities are comprised of the following:</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="right"><table cellpadding="0" cellspacing="0" width="90%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Sept. 23,</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">March 25,</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="70%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2011</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2011</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Payroll and vacation accruals</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">188,101</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">323,205</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Sales commissions</font></div></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">37,505</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">37,009</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%" style="padding-bottom: 2px;"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Other</font></div></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">58,080</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">4,251</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">283,686</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">364,465</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div></div></div></div>
1664597
1986799
7319628
7244628
2744573
2744573
75000
75000
157049
320006
634800
452100
19249
13262
-322202
198261
290128
468704
-78898
-224040
-2742
90
66981
751020
-33335
44585
-80779
-66455
<div><div><div><table><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 11 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">CASH BONUS PLAN:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td align="left" valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">In 1987, the Company adopted a cash bonus plan (“Cash Bonus Plan”) for executive officers.  Contributions to the Cash Bonus Plan are made by the Company only after pre-tax operating profits exceed $150,000 for a fiscal year, and then to the extent of 10% of the excess of the greater of $150,000 or 25% of pre-tax operating profits.  The Company accrued $94,800 for the six months ended September 23, 2011.  For the year ended March 25, 2011, the Company's contribution was $173,000.</font></div></td></tr></table></div></div></div>
<div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 12 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">COMMITMENTS AND CONTINGENCIES:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has renewed its lease for its corporate offices (including its manufacturing facility) located at 140 58<font style="display: inline; font-size: 70%; vertical-align: text-top;">th</font> Street, Suite 8E, Brooklyn, New York.  The renewed lease term runs from December 1, 2010 through November 30, 2020. The basic minimum annual rentals are as follows:</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="right"><table cellpadding="0" cellspacing="0" width="90%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="bottom" width="56%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Fiscal year ending March:</font></div></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="30%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="56%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="30%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="56%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2012</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">149,380</font></td><td bgcolor="white" nowrap="nowrap" valign="bottom" width="30%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="56%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2013</font></div></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">153,860</font></td><td nowrap="nowrap" valign="bottom" width="30%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="56%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2014</font></div></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">158,480</font></td><td bgcolor="white" nowrap="nowrap" valign="bottom" width="30%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="56%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2015</font></div></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">163,240</font></td><td nowrap="nowrap" valign="bottom" width="30%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="56%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2016</font></div></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">168,120</font></td><td bgcolor="white" nowrap="nowrap" valign="bottom" width="30%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="56%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Thereafter</font></div></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">853,100</font></td><td bgcolor="white" nowrap="nowrap" valign="bottom" width="30%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="56%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">1,646,180</font></td><td bgcolor="white" nowrap="nowrap" valign="bottom" width="30%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The rental expense for the six months ended September 23, 2011 and September 24,  2010 was $79,950 and $72,534, respectively.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has a collective bargaining multi-employer pension plan (“Multi-Employer Plan”) with the United Auto Workers of America, Local 259 (“UAW”). Contributions are made by the Company in accordance with a negotiated labor contract and are based on the number of covered employees employed per month. With the passage of the Multi-Employer Pension Plan Amendment Act of 1990 (the “1990 Act”), the Company may become subject to liabilities in excess of contributions made under the collective bargaining agreement. Generally, these are contingent upon termination, withdrawal, or partial withdrawal from the Multi-Employer Plan.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has not taken any action to terminate, withdraw or partially withdraw from the Multi-Employer Plan, nor does it intend to do so in the future. Under the 1990 Act, liabilities would be based upon the Company's proportional share of the Multi-Employer Plan's unfunded vested benefits which is currently not available.  The amount of accumulated benefits and net assets of such Plan also is not currently available to the Company. The total contributions charged to operations under the provisions of the Multi-Employer Plan were $56,064 and $57,273 for the six months ended September 23, 2011 and<font style="display: inline; font-weight: bold;"> </font>September 24, 2010, respectively.</font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">As of October 2, 2011, the Company received notice from the U.S. Small Business Administration-HUBZone Program that on October 1, 2011 the Company is no longer eligible for participation in the HUBZone Program because the Company's principal office is not located in a qualified HUBZone. As a result of the 2010 decennial census, certain designated HUBZones lost their status as a qualified HUBZone on October 1, 2011, which is the date on which the U.S. Census Bureau publicly released the first results from the 2010 Census. The Company's principal office in which the Company has been based since 1991 is no longer within a designated HUBZone and thus the Company is no longer approved by the federal government as a “HUBZone small business enterprise”. Although it is possible that the loss of eligibility for participation in the HUBZone Program may have a material adverse effect on the business of the Company, at this juncture, the Company cannot determine whether such loss of eligibility will have a material adverse effect on our business.</font></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Legislation has been introduced in the U.S. Congress to restore HUBZone certification to a number of areas, including where the Company's principal office is located. No assurance can be given as to the likelihood that this legislation will be enacted.</font></div></div></td></tr></table></div></div>
10000000
10000000
2303468
2303468
2303468
2303468
23035
23035
4505516
4274228
2206888
2164322
676328
772080
690261
731369
22424
17225
14565
9817
4003500
3713372
765569
885141
7965341
7479983
101012
321878
-129340
-125511
506079
-64273
604930
605133
257275
210265
477751
132094
0
312
0
148
25145
27887
89241
113061
1144930
1325163
525275
587659
<div><div><div><div><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 1-</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">INTERIM RESULTS AND BASIS OF PRESENTATION:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The accompanying unaudited financial statements as of September 23, 2011 and September 24, 2010 and for the six months then ended have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of September 23, 2011 and September 24, 2010 and the results of operations and cash flows for the six months then ended. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the six months ended September 23, 2011, are not necessarily indicative of the results to be expected for any subsequent quarter or the entire fiscal year. The balance sheet at March 25, 2011 has been derived from the audited financial statements at that date.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The Company believes, however, that the disclosures in this report are adequate to make the information presented not misleading in any material respect. The accompanying financial statements should be read in conjunction with the audited financial statements and notes thereto of IEH Corporation for the fiscal year ended March 25, 2011 included in the Company's Annual Report on Form 10-K as filed with the SEC and the attached Management's Discussion and Analysis of Financial Condition and Results of Operations.</font></div></td></tr></table></div></div></div></div>
23820
24803
22114
0
1323230
1268890
129340
125511
4432164
3827234
6824250
6667527
3336795
3314446
<div><div><div><div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 3 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">INVENTORIES:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Inventories are stated at cost, on a first-in, first-out basis, which does not exceed market value.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company manufactures products pursuant to specific technical and contractual requirements. The Company historically purchases material in excess of its requirements to avail itself of favorable pricing as well as the possibility of receiving additional orders from customers. This excess may result in material not being used in subsequent periods, which may result in this material being deemed obsolete.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company annually reviews its purchase and usage activity of its inventory of parts as well as work in process and finished goods to determine which items of inventory have become obsolete within the framework of current and anticipated orders. The Company based upon historical experience has determined that if a part has not been used and purchased or an item of finished goods has not been sold in three years, it is deemed to be obsolete.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company estimates which materials may be obsolete and which products in work in process or finished goods may be sold at less than cost. A periodic adjustment, based upon historical experience is made to inventory in recognition of this impairment.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Inventories are comprised of the following:</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="right"><table cellpadding="0" cellspacing="0" width="90%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Sept. 23,</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">March 25,</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="70%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2011</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2011</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Raw materials</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2,457,881</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2,279,762</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Work in progress</font></div></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">726,249</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">673,619</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Finished goods</font></div></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">819,370</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">759,991</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">4,003,500</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">3,713,372</font></td></tr></table></div></div></div></div></div>
1076380
975911
552567
515148
<div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 2 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Description of Business:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company designs, develops and manufactures printed circuit connectors for high performance applications.  The Company has also developed a high performance plastic circular connector line. All of the Company's products utilize the HYPERTAC™ contact design, which is identified by the generic “HYPERBOLOID” in the Company's catalogs. This is necessary since all other HYPERTAC™ companies have been purchased by a multi-national company.  The Company is the only independent producer of HYPERTAC™ in the United States.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company's customers consist of OEM's (Original Equipment Manufacturers), companies manufacturing medical equipment, and distributors who resell the Company's products to OEMs.  The Company sells its products directly and through regional representatives located in all regions of the United States as well as in Canada, Israel, India, various Pacific Rim countries, South Korea and the European Union (EU).</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The customers, the Company services, are in the Government, Military, Aerospace, Medical, Automotive, Industrial, Test Equipment and Commercial Electronics markets.  The Company appears on the Military Qualified Product Listing “QPL” to MIL-DTL-55302 and supply</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Description of Business: (<font style="font-style: italic; display: inline;">continued</font>)</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">customer requested modifications to this specification. Sales to the commercial electronic and military markets were 31% and 69%, respectively, of the Company's net sales for the year ended March 25, 2011.  The Company's offering of “QPL” items has recently been expanded to include additional products.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Accounting Period:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company maintains an accounting period based upon a 52-53 week year, which ends on the nearest Friday in business days to March 31.  The year ended March 25, 2011 was comprised of 52 weeks.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Revenue Recognition:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Revenues are recognized at the shipping date of the Company's products. The Company has historically adopted the shipping terms that title to merchandise passes to the customer at the shipping point (FOB Shipping Point). At this juncture, title has passed, the Company has recognized the sale, inventory has been relieved, and the customer has been invoiced. The Company does not offer any discounts, credits or other sales incentives.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company's policy with respect to customer returns and allowances as well as product warranty is as follows:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company will accept a return of defective product within one year from shipment for repair or replacement at the Company's option. If the product is repairable, the Company at its own cost, will repair and return it to the customer. If unrepairable, the Company will either offer an allowance against payment or will reimburse the customer for the total cost of product. The Company's experience has been that a loss from returns is extremely remote. Accordingly, the Company's management does not believe that an allowance for loss from returns is necessary.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Most of the Company's products are custom ordered by customers for a specific use. The Company provides engineering services as part of the relationship with its customers in developing the custom product. The Company is not obligated to provide such engineering service to its customers. The Company does not invoice its customers separately for these services.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Inventories:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Inventories are stated at cost, on a first-in, first-out basis, which does not exceed market value.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company manufactures products pursuant to specific technical and contractual requirements.</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Inventories: <font style="font-style: italic; display: inline;">(continued)</font></font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company historically purchases material in excess of its requirements to avail itself of favorable pricing as well as the possibility of receiving additional orders from customers. This excess may result in material not being used in subsequent periods, which may result in this material being deemed obsolete.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company annually reviews its purchase and usage activity of its inventory of parts as well as work in process and finished goods to determine which items of inventory have become obsolete within the framework of current and anticipated orders. The Company based upon historical experience has determined that if a part has not been used and purchased or an item of finished goods has not been sold in three years, it is deemed to be obsolete.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company estimates which materials may be obsolete and which products in work in process or finished goods may be sold at less than cost. A periodic adjustment, based upon historical experience is made to inventory in recognition of this impairment.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Concentration of Credit Risk:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Financial instruments which potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Under the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law on July 21, 2010, the Federal Deposit Insurance Corporation (FDIC) will permanently insure interest bearing accounts at financial institutions up to $250,000 in the aggregate.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">An additional provision of the Dodd-Frank Act provides for all non-interest bearing transaction accounts to be fully insured by the FDIC. Coverage under this provision began on December 31, 2010 and will end on December 31, 2012.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has not experienced any losses in such accounts and believes its cash balances are not exposed to any significant risk.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">As of September 23, 2011, the Company had funds on deposit in the amount of $634,800 in one financial institution comprised of the following:</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="center"><table cellpadding="0" cellspacing="0" width="50%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="77%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Non-interest bearing accounts</font></div></td><td align="left" valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="17%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">430,102</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="77%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Interest bearing account</font></div></td><td align="left" valign="bottom" width="2%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="17%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">204,698</font></font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="77%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="2%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="17%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="77%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="17%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">634,800</font></font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Property, Plant and Equipment:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Property, plant and equipment is stated at cost less accumulated depreciation and amortization.  The Company provides for depreciation and amortization using the Double Declining Balance method over the estimated useful lives (5-7 years) of the related assets.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Maintenance and repair expenditures are charged to operations, and renewals and betterments are capitalized.  Items of property, plant and equipment, which are sold, retired or otherwise disposed of, are removed from the asset and accumulated depreciation or amortization accounts.  Any gain or loss thereon is either credited or charged to operations.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Income Taxes:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company follows the policy of treating investment tax credits as a reduction in the provision for federal income tax in the year in which the credit arises or may be utilized.  Deferred income taxes arise from temporary differences resulting from different depreciation methods used for financial and income tax purposes.  The Company has adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740, <font style="font-style: italic; display: inline;">Income Taxes, </font>which includes the provisions of<font style="font-style: italic; display: inline;"> </font>Statement of Financial Accounting Standards (“SFAS”) No. 109, “Accounting for Income Taxes.”</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Net Income Per Share:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has adopted the provisions of ASC Topic 260, <font style="font-style: italic; display: inline;">Earnings per Share, </font>which includes the provisions of SFAS No. 128, “Earnings Per Share”, which requires the disclosure of “basic” and “diluted” earnings (loss) per share. Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during each period.  Diluted earnings per share is similar to basic earnings per share except that the weighted average number of common shares outstanding is increased to reflect the dilutive effect of potential common shares, such as those issuable upon the exercise of stock or warrants, as if they had been issued.  For the six months ended September 23, 2011 and September 24, 2010, respectively, there were no items of potential dilution that would impact on the computation of diluted earnings or loss per share.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Fair Value of Financial Instruments:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The carrying value of the Company's financial instruments, consisting of accounts receivable, accounts payable, and borrowings, approximate their fair value due to the relatively short maturity (three months) of these instruments.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Use of Estimates:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities at the date of the financial statements.  Actual amounts could differ from those estimates.</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Impairment of Long-Lived Assets:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has adopted the provisions of ASC Topic, 360, <font style="font-style: italic; display: inline;">Property, Plant and Equipment-Impairment or Disposal of Long-Lived Assets </font>which includes the provisions of<font style="font-style: italic; display: inline;"> </font>SFAS No. 144, “Accounting for The Impairment or Disposal of Long-Lived Assets,” and requires that long-lived assets and certain identifiable intangibles to be held and used by an entity be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  The Company has adopted SFAS No. 144. There were no long-lived asset impairments recognized by the Company for the six months ended September 23, 2011 and September 24, 2010, respectively.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Reporting Comprehensive Income:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has adopted the provisions of ASC Topic, 220, <font style="font-style: italic; display: inline;">Comprehensive Income </font>which includes the provisions of<font style="font-style: italic; display: inline;"> </font>SFAS No. 130, “Reporting Comprehensive Income”.  This Statement established standards for reporting and display of comprehensive income and its components (revenues, expenses, gains and losses) in an entity's financial statements.  This Statement requires an entity to classify items of other comprehensive income by their nature in a financial statement and display the accumulated balance of other comprehensive income separately from retained earnings and additional paid-in capital in the equity section of a statement of balance sheet. There were no material items of comprehensive income to report for the six months ended September 23, 2011 and September 24, 2010, respectively.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Segment Information:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has adopted the provisions of ASC Topic, 280, <font style="font-style: italic; display: inline;">Segment Reporting </font>which includes the provisions of SFAS No. 131, “Disclosures About Segment of An Enterprise and Related Information.” This Statement requires public enterprises to report financial and descriptive information about its reportable operating segments and establishes standards for related disclosures about product and services, geographic areas, and major customers.  The adoption of ASC Topic 280 did not affect the Company's presentation of its results of operations or financial position.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Research and Development:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company provides personalized engineering services to its customers by designing connectors for specific customer applications.  The employment of electromechanical engineers is the anticipated cornerstone of the Company's future growth.  The Company maintains a testing laboratory where its engineers experiment with new connector designs based on changes in technology and in an attempt to create innovative, more efficient connector designs.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company did not expend any funds on nor receive any revenues related to customer sponsored research and development activities relating to the development of new designs, techniques and the improvement of existing design during the six months ended September 23, 2011 and September 24, 2010, respectively.</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Effect of New Accounting Pronouncements:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">In June 2009, the FASB issued SFAS No. 168, “<font style="font-style: italic; display: inline;">The FASB Accounting Standards Codification and Hierarchy of Generally Accepted Principles- a Replacement of FASB Statement No. 162 </font>(“SFAS No. 168<font style="font-style: italic; display: inline;">”). </font>SFAS No. 168 establishes the ASC as the source of authoritative accounting principles recognized by the FASB to be applied in the preparation of financial statements in conformity with GAAP.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Rules and interpretive releases of the SEC under the authority of Federal securities laws are also sources of authoritative GAAP for SEC registrants. All guidance contained in the ASC carries an equal level of authority.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The ASC superseded all existing non-SEC accounting and reporting standards. The FASB will not issue new standards in the form of any SFAS, FASB Staff Positions or Emerging Issues Task Force Abstracts. Instead, the FASB will issue Accounting Standards Updates (“ASU”) that will serve to update the ASC, provide background information about the guidance and provide the bases for conclusions on the change(s) in the ASC. The adoption of SFAS No. 168 did not have an impact upon the Company's financial position, results of operations or cash flows<font style="font-style: italic; display: inline;">.</font></font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">In May 2009, the FASB issued guidance now codified as ASC Topic 855, “<font style="font-style: italic; display: inline;">Subsequent Events”, </font>which provides authoritative accounting literature related to evaluating subsequent events. ASC 855 is similar to current guidance with some exceptions that are not intended to result in significant change to current practice. ASC 855 defines subsequent events and also requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date. The provisions of ASC 855 are effective for interim or annual financial periods ending after June 15, 2009. The Company has adopted the provisions of ASC 855 effective as of September 30, 2009 and its adoption did not have a material impact on the Company's financial position, results of operations, cash flows or its required disclosures in its Form 10-Q. The Company has evaluated subsequent events through November 11, 2011.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">In April 2009, the FASB issued FSP FAS No. 107-1 and Accounting Principles Board (“APB”) Opinion No. 28-1, <font style="font-style: italic; display: inline;">Interim Disclosures about Fair Value of Financial Instruments”, </font>which amends SFAS No. 107, <font style="font-style: italic; display: inline;">Disclosures about Fair Value of Financial Instruments</font> and requires disclosures about the fair value of financial instruments for interim reporting periods as well as in annual financial statements. FSP FAS No. 107-1 and APB No. 28-1 also amend APB Opinion No. 28, <font style="font-style: italic; display: inline;">Interim Financial Reporting,</font> to require these disclosures in all interim financial statements. FSP FAS No. 107-1 and APB No. 28-1 are effective for interim reporting periods ending after June 15, 2009. The guidance of FSP FAS No. 107-1 and APB No. 28-1 is now included in ASC Topic 825, <font style="font-style: italic; display: inline;">Financial Statements. </font>The adoption of FSP FAS No. 107-1 and APB No. 28-1 has not had a material impact on the Company's financial position, results of operations or cash flows.</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Effect of New Accounting Pronouncements: <font style="font-style: italic; display: inline;">(continued)</font></font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has adopted the provisions of ASC Topic, 740, <font style="font-style: italic; display: inline;">Income Taxes </font>which<font style="font-style: italic; display: inline;"> </font>includes<font style="font-style: italic; display: inline;"> </font>the provisions of Financial Accounting Standards Board Interpretation No.48 (“FIN 48”), <font style="font-style: italic; display: inline;">“Accounting for Uncertainty in Income Taxes- an interpretation of FASB Statement No. 109”, </font>which clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements in accordance with FASB Statement No.109, <font style="font-style: italic; display: inline;">“Accounting for Income Taxes”</font> FIN 48 prescribes a recognition threshold and measurement attribute for the financial statement disclosures of tax positions taken or expected to be taken in an income tax filing.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The evaluation of a tax position is a two step process. The first step requires an entity to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position.  The second step requires an entity to recognize in the financial statements each tax position that meets the more likely than not criteria, measured at the largest amount of benefit that has a greater than fifty percent likelihood of being recognized. FIN 48 also provides guidance on de-recognition, classification, interest and penalties, accounting for interim periods, disclosure and transition.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company believes that, with its adoption of ASC Topic 740, the income tax positions taken by it did not have a material effect on the financial statements for the six months ended September 23, 2011.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has adopted the provisions of ASC Topic 820, <font style="font-style: italic; display: inline;">Fair Value Measurements and Disclosures </font>which includes the provisions of SFAS No. 157, <font style="font-style: italic; display: inline;">“Fair Value Measurements”</font>, which enhances existing guidance for measuring assets and liabilities using fair value. ASC Topic 820 and SFAS No. 157 provide a single definition of fair value, together with a framework for measuring it, and require additional disclosure about the use of fair value to measure assets and liabilities. The Company does not believe that ASC Topic 820 will have a material impact on its financial statements.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has adopted the provisions of ASC Topic 825, <font style="font-style: italic; display: inline;">Financial Instruments, which includes the provisions of</font> SFAS 159 <font style="font-style: italic; display: inline;">“The Fair Value Option for Financial Assets and Financial Liabilities”</font>, providing companies with an option to report selected financial assets and liabilities at fair value. The objective of ASC Topic 825 and SFAS 159 is to reduce both complexity in accounting for financial instruments and the volatility in earnings caused by measuring related assets and liabilities differently. They also require entities to display the fair value of those assets and liabilities. The Company has chosen to use fair value on the face of the balance sheet. The Company does not believe that ASC Topic 825 will have a material impact on its financial statements.</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-indent: 0pt; display: block;"><br /></div></div>
<div><table><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 9 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">CHANGES IN STOCKHOLDERS' EQUITY:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The accumulated retained earnings increased by $604,930, which represents the net income for the six months ended September 23, 2011.  Accordingly, the Company reported accumulated retained earnings of $4,432,164 as of September 23, 2011.</font></div></td></tr></table></div>
6616966
6183206
<div><div><div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 5 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">PROPERTY, PLANT AND EQUIPMENT:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Property, plant and equipment are comprised of the following:</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="right"><table cellpadding="0" cellspacing="0" width="90%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Sept. 23,</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">March 25,</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="70%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2011</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2011</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Computers</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">261,750</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">258,402</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Leasehold improvements</font></div></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">588,685</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">588,685</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Machinery and equipment</font></div></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">5,268,841</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">5,212,686</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Tools and dies</font></div></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2,356,012</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2,286,175</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Furniture and fixture</font></div></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">160,020</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">160,020</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="70%" style="padding-bottom: 2px;"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Website development cost</font></div></td><td align="right" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">7,550</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">7,550</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">8,642,858</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">8,513,518</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%" style="padding-bottom: 2px;"><div align="left" style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Less: accumulated depreciation and amortization</font></div></td><td align="right" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">(7,319,628</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">)</font></td><td align="right" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">(7,244,628</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">1,323,230</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">1,268,890</font></td></tr></table></div></div></div></div>
634800
157049
7965341
7479983
0
78898
11562
11562
283686
364465
89241
113061
75000
75000
37500
37500
0.01
0.01
7199772
6594842
540000
720342
268000
377542
<div><div><div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 8 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">WORKERS COMPENSATION INSURANCE ASSESSMENT:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">On September 15, 2008, the Company was notified by the State of New York Workers' Compensation Board (the “Board”) that the Trade Industry Workers' Compensation Trust for Manufacturers (the “Trust”) had defaulted. As a member of this self-insured group, the Company was assessed on an estimated basis by the Board for its allocable share necessary to discharge all liabilities of the Trust.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The assessed amount for the years 2002 through 2006 was $101,362. The assessed amount for each year is detailed as follows:</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="center"><table cellpadding="0" cellspacing="0" width="50%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2002</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">16,826</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2003</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">24,934</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2004</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">31,785</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2005</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">14,748</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="72%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2006</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">13,069</font></font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="72%" style="padding-bottom: 4px;"> </td><td valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="21%" style="border-bottom: black 4px double; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">101,362</font></font></font></div></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company did have the option of paying this assessment as a lump sum amount or paying off the assessment over a 60 month period. The Company elected the deferral option, and was obligated to making monthly payments of $1,689 for 59 months, and $1,711 for the 60<font style="display: inline; font-size: 70%; vertical-align: text-top;">th</font> and final month. The Company had recorded this assessment as a charge to Cost of Sales in the quarter ended December 26, 2008.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company was subsequently notified that it was being assessed an additional $146,073 covering the years 2002 through 2007, bringing the total deficit allocation assessment to $247,435.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The total revised assessment for the years 2002 to 2007 is as follows:</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"><br /></div><div align="center"><table cellpadding="0" cellspacing="0" width="50%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2002</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">23,445</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2003</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">43,797</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2004</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">51,381</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2005</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">38,309</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="72%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2006</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">46,477</font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="72%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2007</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="21%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">44,026</font></font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="72%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="2%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="21%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"><font style="display: inline;">247,435</font></font></td><td nowrap="nowrap" valign="bottom" width="2%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div><div align="left"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has elected to pay the revised assessment over a five year period (60 months). The monthly payments, inclusive of interest at 7.50%, are $3,970.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">As of September 23, 2011, the Company had paid down $110,556 of this assessment.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The remaining balance of the total revised assessment payable as of September 23, 2011 was $136,879.</font></div></td></tr></table></div></div></div></div>
5679320
5342364
2811520
2726787
604930
605133
0
3752
-98851
-669406
322890
356225
47638
47638
1144930
1325475
525275
587807
314069
247088
25145
27887
<div><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 6 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">ACCOUNTS RECEIVABLE FINANCING:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company entered into an accounts receivable financing agreement with a non-bank lending institution (“Factor”) whereby it can borrow up to 80 percent of its eligible receivables (as defined in such financing agreement) at an interest rate of 2 ½% above JP Morgan Chase's publicly announced rate with a minimum rate of 12% per annum.  The financing agreement has an initial term of one year and will automatically renew for successive one-year terms, unless terminated by the Company or the Factor upon receiving 60 days prior notice.  Funds advanced by the Factor are secured by the Company's accounts receivable and inventories. As of September 23, 2011, the Company reported a liability to the Factor of $22,114.<font style="display: inline; font-size: 10pt;"> </font>As of March 25, 2011, the Company had reported excess payments to the Factor resulting in an overpayment of $78,898, which the Company applied against borrowings during the six months ended September 23, 2011.  These excess payments are reported in the accompanying financial statements as of March 25, 2011 as “Excess payments to accounts receivable factor.”</font></div></td></tr></table></div>
-3752
720342
<div><table><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 10-</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2011 EQUITY INCENTIVE PLAN:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">On August 31, 2011, the Company's shareholders approved the adoption of the Company's 2011 Equity Incentive Plan (“2011 Plan”) to provide for the grant of stock options and restricted stock awards to purchase up to 750,000 shares of the Company's common stock to all employees, consultants and other eligible participants including senior management and members of the Board of Directors of the Company.  The 2011 Plan replaced the prior 2002 Employee Stock Option Plan which had expired in accordance with its terms.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Options granted to employees under the 2011 Plan may be designated as options which qualify for incentive stock option treatment under Section 422A of the Internal Revenue Code, or options which do not qualify (non-qualified stock options).</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Under the 2011 Plan, the exercise price of an option designated as an incentive stock option shall not be less than the fair market value of the Company's common stock on the day the option is granted. In the event an option designated as an incentive stock option is granted to a ten percent (10%) or greater shareholder, such exercise price shall be at least 110 percent (110%) of the fair market value of the Company's common stock and the option must not be exercisable after the expiration of five years from the day of the grant. The 2011 Plan also provides that holders of options that wish to pay for the exercise price of their options with shares of the Company's common stock must have beneficially owned such stock for at least six months prior to the exercise date.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Exercise prices of non-incentive stock options may be less than the fair market value of the Company's common stock.</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The aggregate fair market value of shares subject to options granted to a participant(s), which are designated as incentive stock options, and which become exercisable in any calendar year, shall not exceed $100,000. As of September 23, 2011, no options or restricted stock awards had been granted under the 2011 Plan.</font></div></td></tr></table></div>
<div><div><div><div align="left" style="text-indent: 0pt; display: block;"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="top" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 4 -</font></div></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">PREPAID EXPENSES AND OTHER CURRENT ASSETS:</font></div></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="top" width="90%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td></tr><tr><td valign="top" width="10%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="top" width="90%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Prepaid expenses and other current assets are comprised of the following:</font></div></td></tr></table></div><div style="text-indent: 0pt; display: block;"> </div><div align="right"><table cellpadding="0" cellspacing="0" width="90%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Sept. 23,</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">March 25,</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="70%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2011</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">2011</font></div></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr><td valign="bottom" width="70%"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="11%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Prepaid insurance</font></div></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">19,870</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">31,249</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="70%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Prepaid corporate taxes</font></div></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">291,949</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">145,440</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="70%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Other current assets</font></div></td><td align="right" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">2,250</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">70,399</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">314,069</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">$</font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">247,088</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: times new roman; font-size: 10pt;"> </font></td></tr></table></div></div></div></div>
0.26
0.26
0.11
0.09
2303
2303
false
--03-30
2011-09-23
No
No
Yes
Smaller Reporting Company
10135259.2
IEH CORPORATION
0000050292
2303468
2011
Q2
10-Q
1323230
1268890
-22114
-97838