Ratio Analysis
Current Ratio
Quick Ratio
Receivable Turnover
Collection Ratio
Inventory Turnover
Average Days Inventory in Stock
Debt-to-Equity Ratio
Profit Margin
Asset Turnover Currently Use the Vertical Analysis Below

Vertical Analysis
Balance Sheet		2003	% of Assets		2002	% of Assets		2001	% of Assets
Assets
Current Assets
Cash		$ 2,388.00	8.21%		$ 1,695.00	11.78%		$ 453.00	5.43%
Accounts receivable		$ 5,592.00	19.23%		$ 3,432.00	23.85%		$ 2,094.00	25.12%
Inventories		$ 9,434.00	32.44%		$ 5,034.00	34.99%		$ 3,266.00	39.18%
Notes Receivable		$ 2,681.00	9.22%		$ 1,592.00	11.07%		$ 622.00	7.46%
Deferred Net Taxes		$ 211.00	0.73%		$ 209.00	1.45%		$ 299.00	3.59%
Intangible Assets		$ 1,157.00	3.98%		$ 971.00	6.75%		$ 552.00	6.62%
Total Current Assets		$ 21,463.00	73.80%		$ 12,933.00	89.89%		$ 7,286.00	87.41%
Equipment		$ 6,940.00	23.86%		$ 910.00	6.32%		$ 600.00	7.20%
Other Assets		$ 183.00	0.63%		$ 167.00	1.16%		$ 163.00	1.96%
Deferred Income Taxes		$ 222.00	0.76%		$ 126.00	0.86%		$ 34.00	0.41%
Intangible Assets		$ 274.00	0.94%		$ 251.00	1.74%		$ 252.00	3.02%
Total Assets		$ 29,082.00	100.00%		$ 14,387.00	100.00%		$ 8,335.00	100.00%
Liabilities and Stockholder's Equity
Current Liabilities
Notes Payable		$ 1,625.00	5.59%		$ 1,328.00	9.23%		$ 1,021.00	12.25%
Long -Term Obligations		$ 136.00	0.47%		$ 103.00	0.72%		$ 95.00	1.14%
Accounts Payable		$ 5,862.00	20.16%		$ 3,871.00	26.91%		$ 2,307.00	27.68%
Income taxes payable		$ 614.00	2.11%		$ 591.00	4.11%		$ 86.00	1.03%
Total Current Liabilities		$ 8,237.00	28.32%		$ 5,893.00	40.96%		$ 3,509.00	42.10%
Long -Term Obligations		$ 367.00	1.26%		$ 161.00	1.12%		$ 79.00	0.95%
Deferred income taxes		$ 242.00	0.83%		$ -			$ -
Total Liabilities		$ 8,846.00	30.42%		$ 6,054.00	42.08%		$ 3,588.00	43.05%
Stockholder's Equity
Common Stock		$ 183.00	0.63%		$ 56.00	0.39%		$ 37.00	0.44%
Additional Paid-in Capital		$ 14,213.00	48.87%		$ 7,086.00	49.25%		$ 3,810.00	45.71%
Retained Earnings		$ 5,840.00	20.08%		$ 1,191.00	8.28%		$ 900.00	10.80%
Total Stockholder's Equity		$ 20,236.00	69.58%		$ 8,333.00	57.92%		$ 4,747.00	56.95%
Total Liabilities Stockholder's Equity		$ 29,082.00	100.00%		$ 14,387.00	100.00%		$ 8,335.00	100.00%
Income Statement		2003	% of Income		2002	% of Income		2001	% of Income
Sales		$ 18,848.00	100.00%		$ 12,445.00	100.00%		$ 8,213.00	100.00%
Cost of Goods Sold		$ 10,598.00	56.23%		$ 6,833.00	54.91%		$ 4,523.00	55.07%
Gross Margin		$ 8,250.00	43.77%		$ 5,612.00	45.09%		$ 3,690.00	44.93%
General & Administrative Expenses		$ 967.00	5.13%		$ 3,366.00	27.05%		$ 1,889.00	23.00%
Research & Developmental Costs		$ 149.00	0.79%		$ 1,335.00	10.73%		$ 895.00	10.90%
Income From Operations		$ 7,134.00	37.85%		$ 911.00	7.32%		$ 906.00	11.03%
Net Interest Expense		$ 217.00	1.15%		$ 64.00	0.51%		$ 161.00	1.96%
Loss on Sale or Receivables		$ -			$ -			$ 77.00	0.94%
Income Before Taxes		$ 6,917.00	36.70%		$ 847.00	6.81%		$ 668.00	8.13%
Provision for Income Taxes		$ 2,268.00	12.03%		$ 556.00	4.47%		$ 284.00	3.46%
Net Income		$ 4,649.00	24.67%		$ 291.00	2.34%		$ 384.00	4.68%