Talon International (TALN) 10-Q 12 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	9-May-14
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'TALON INTERNATIONAL, INC.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	92,267,831
Amendment Flag	'false	'
Entity Central Index Key	'0001047881	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets_Cu

Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Cash and cash equivalents	$1,822,387	$3,779,508
Accounts receivable, net	4,080,811	3,576,925
Inventories, net	701,224	800,240
Prepaid expenses and other current assets	1,212,099	973,836
Total current assets	7,816,521	9,130,509
Property and equipment, net	575,295	614,592
Intangible assets, net	4,263,839	4,267,110
Deferred income tax assets, net	6,076,185	6,050,402
Other assets	437,507	460,226
Total assets	19,169,347	20,522,839
Accounts payable	7,177,330	7,158,938
Accrued expenses	1,960,246	2,880,764
Revolving credit loan	1,000,000	1,000,000
Current portion of term loan payable	1,666,667	1,666,667
Total current liabilities	11,804,243	12,706,369
Term loan payable, net of current portion	2,916,667	3,333,333
Deferred income tax liabilities	20,995	30,388
Other liabilities	16,417	22,169
Total liabilities	14,758,322	16,092,259
Commitments and contingencies (Note 10)	'	'
Common Stock, $0.001 par value, 300,000,000 shares authorized; 92,267,831 and 91,342,215 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	92,268	91,342
Additional paid-in capital	64,007,793	64,046,631
Accumulated deficit	-59,804,913	-59,822,178
Accumulated other comprehensive income	115,877	114,785
Total stockholders’ equity	4,411,025	4,430,580
Total liabilities and stockholders’ equity	$19,169,347	$20,522,839

Consolidated_Balance_Sheets_Cu1

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Common Stock, par value (in Dollars per share)	$0.00	$0.00
Common Stock, shares authorized	300,000,000	300,000,000
Common Stock, shares issued	92,267,831	91,342,215
Common Stock,shares outstanding	92,267,831	91,342,215

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net sales	$11,343,118	$10,139,750
Cost of goods sold	7,608,162	6,963,672
Gross profit	3,734,956	3,176,078
Sales and marketing expenses	1,415,690	1,263,992
General and administrative expenses	2,177,071	1,703,209
Total operating expenses	3,592,761	2,967,201
Income from operations	142,195	208,877
Interest expense, net	111,271	772
Income before provision for income taxes	30,924	208,105
Provision for (benefit from) income taxes, net	13,659	-72,248
Net income	17,265	280,353
Series B Preferred Stock liquidation preference increase	'	-899,221
Net Income (loss) applicable to Common Stockholders	17,265	-618,868
Per share amounts:	'	'
Net income (in Dollars per share)	$0	$0.01
Net income applicable to Preferred Stockholders (in Dollars per share)	$0	($0.04)
Basic and diluted net income (loss) applicable to Common Stockholders (in Dollars per share)	$0	($0.03)
Weighted average number of common shares outstanding - Basic (in Shares)	91,804,752	24,412,044
Weighted average number of common shares outstanding - Diluted (in Shares)	93,431,832	24,412,044
Net income	17,265	280,353
Other comprehensive income (loss) from foreign currency translation	1,092	-1,291
Total comprehensive income	$18,357	$279,062

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net income	$17,265	$280,353
Adjustments to reconcile net income to net cash (used in) operating activities:	'	'
Depreciation and amortization	100,682	124,074
Gain on disposal of equipment	'	-1,832
Amortization of deferred financing cost	22,569	'
Stock based compensation	75,916	125,200
Deferred income taxes (benefits), net	-35,430	36,106
Bad debt expense, net	9,414	111
Inventory valuation provisions, net	8,327	5,994
Changes in operating assets and liabilities:	'	'
Accounts receivable	-517,572	-425,927
Inventories	90,554	-309,805
Prepaid expenses and other current assets	-240,790	-205,203
Other assets.	40	-33,395
Accounts payable and accrued expenses	-887,117	-756,646
Other liabilities	-5,752	-137,739
Net cash (used in) operating activities	-1,361,894	-1,298,709
Cash flows from investing activities:	'	'
Proceeds from sale of equipment	'	1,832
Acquisitions of property and equipment	-58,842	-66,776
Net cash (used in) investing activities	-58,842	-64,944
Cash flows from financing activities:	'	'
Payments of term loan payable	-416,666	'
Payments related to taxes on the exercise of stock options and settlement of RSUs	-143,537	'
Proceeds from exercise of stock options	29,709	'
Payments of capital leases	'	-801
Net cash (used in) financing activities	-530,494	-801
Net effect of foreign currency exchange translation on cash	-5,891	3,245
Net (decrease) in cash and cash equivalents	-1,957,121	-1,361,209
Cash and cash equivalents at beginning of period	3,779,508	8,927,333
Cash and cash equivalents at end of period	$1,822,387	$7,566,124

Supplemental_Disclosures_of_Ca

Supplemental Disclosures of Cash Flow Information (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash received (paid) during the period for:	'	'
Interest paid	($89,264)	($1,221)
Interest received	493	449
Income tax paid, net (principally foreign)	-18,522	-40,799
Non-cash financing activities:	'	'
Series B preferred stock liquidation preference increase	'	-899,221
Non-cash exercise of stock options and settlement of RSUs in common stock	649	1,500
Effect of Foreign Currency Translation on Net Assets [Member]	'	'
Non-cash financing activities:	'	'
Effect of foreign currency translation on net assets	$1,092	($1,291)

Note_1_Presentation_of_Interim

Note 1 - Presentation of Interim Information	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	Note 1.          Presentation of Interim Information
	The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. Certain information and footnote disclosures normally included in comprehensive financial statements have been condensed or omitted pursuant to such rules and regulations, although the management of Talon International, Inc. and its consolidated subsidiaries (collectively, the “Company”) believes that the disclosures made are adequate to make the information not misleading. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	Note 2.     Summary of Significant Accounting Policies
	A complete description of the Company’s Significant Accounting Policies is included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, and should be read in conjunction with these unaudited consolidated financial statements. The Significant Accounting Policies noted below are only those policies that have changed materially or have supplemental information included for the periods presented here.
	Allowance for Accounts Receivable Doubtful Accounts
	The Company is required to make judgments as to the collectability of accounts receivable based on established aging policy, historical experience and future expectations. The allowances for doubtful accounts represent allowances for customer trade accounts that are estimated to be partially or entirely uncollectible. These allowances are used to reduce gross trade receivables to their net realizable value. The Company records these allowances based on estimates related to the following factors: (i) customer specific allowances; (ii) amounts based upon an aging schedule; and (iii) an estimated amount, based on our historical experience, for issues not yet identified. Bad debt expense, net for the three months ended March 31, 2014 and 2013 was $9,414 and $111, respectively.
	Fair Value Measurements
	Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, the fair value guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
	Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2 - Includes other inputs that are directly or indirectly observable in the marketplace.
	Level 3 - Unobservable inputs which are supported by little or no market activity.
	The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	The Company’s financial instruments include cash and cash equivalents, accounts receivable, other assets, accounts payable, accrued expenses, revolving credit loan, term loan payable and other liabilities. The book value of the financial instruments is representative of their fair values. In accordance with this guidance, the Company measures its cash equivalents at fair value. The Company’s cash equivalents are classified within Level 1. Cash equivalents are valued primarily using quoted market prices utilizing market observable inputs. At March 31, 2014 and December 31, 2013, cash equivalents consisted of money market funds measured at fair value on a recurring basis; fair value of the Company’s money market funds was approximately $535,000 and $961,000, respectively.
	The Company adopted the Financial Accounting Standards Board (“FASB”) staff position that delayed the guidance on fair value measurements for non-financial assets and non-financial liabilities. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements.
	Intangible Assets
	Intangible assets consist of the Talon trade name acquired in a purchase business combination, patents, licenses, intellectual property rights and technology. Intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but instead are tested for impairment at least annually in accordance with the provisions of FASB Accounting Standards Codification (“ASC”) 350, “Intangibles - Goodwill and Other”. Intangible assets with estimable useful lives are amortized over their respective estimated useful lives using the straight-line method, and are reviewed for impairment in accordance with the provisions of ASC 360, “Property, Plant and Equipment”. Costs incurred to renew or extend the term of recognized intangible assets are capitalized and amortized over the useful life of the asset.
	In July 2012, the FASB issued Accounting Standards Update (“ASU”) 2012-02, “Intangibles – Goodwill and Other - Testing Indefinite-lived Intangible Assets for Impairment.”  The updated guidance gives companies the option to first perform a qualitative assessment to determine whether it is more likely than not, defined as a likelihood of more than 50%, that an indefinite-lived intangible asset is impaired.  If it is determined that it is more likely than not that an impairment exists, then the company is required to estimate the fair value of the indefinite-lived intangible assets and perform a quantitative impairment test in accordance with ASU 350-30. The updated guidance was effective for annual and interim indefinite lived intangibles asset impairment tests performed for fiscal years, and interim periods within those years, beginning after September 15, 2012.   The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. The Company completed the required assessment as of March 31, 2014 and December 31, 2013, and noted no impairment.
	In March 2012 the Company completed the acquisition from Pro-Fit Holdings Limited and related parties of all U.S. patents, applications, trademarks, rights and technology associated with the stretch waistband technology that was formerly under an exclusive license agreement. The Company also acquired other intellectual property related to accessory components used with a variety of apparel products from inventors. The total purchase price and related fees for all intangibles acquired in 2012 totaled $178,722, and is amortized based on the estimated useful lives between 10 and 17 years.
	Amortization expense for intangible assets was $3,271 and $3,020 for the three months ended March 31, 2014 and 2013, respectively.
	Intangible assets as of March 31, 2014 and December 31, 2013 are as follows:
			March 31,			December 31,
			2014			2013
	Tradename - Talon trademark		$	4,110,751		$	4,110,751
	Intellectual property rights			178,722			178,722
	Less: Accumulated amortization			(25,634	)		(22,363	)
	Intellectual property rights, net			153,088			156,359
	Intangible assets, net		$	4,263,839		$	4,267,110
	Convertible Preferred Stock
	The Company had classified its conditionally redeemable Series B Convertible Preferred shares, which were subject to redemption upon the occurrence of uncertain events not solely within the Company’s control, as temporary equity in the mezzanine section of the consolidated balance sheets, in accordance with the guidance enumerated in FASB ASC No. 480-10 “Distinguishing Liabilities from Equity”, FASB ASC No. 210 “Classification and Measurement of Redeemable Securities” and Rule 5-02.28 of Regulation S-X, when determining the classification and measurement of preferred stock (See Note 7).
	The Company evaluated the conversion option of the Series B Convertible Preferred shares in accordance with FASB ASC No. 470-20, “Debt with Conversion and Other Options”, Accounting for Convertible Securities with Beneficial Conversion Features (“BCF”) or Contingently Adjustable Conversion Ratios.  The Series B Convertible Preferred shares were initially recorded at their fair value minus the BCF and minus preferred stock issuance costs, and then were subsequently adjusted for changes in the preferred stock value in accordance with the following guidelines:
		●	When an equity instrument is not currently redeemable, but it is probable that the equity instrument will become redeemable then changes in the redemption value are recognized as they occur, and the carrying amount of the instrument is adjusted to equal the current redemption value. An increase in the carrying amount of the instrument reduces income available to common stockholders in the calculation of earnings per share.
		●	When the liquidation preference increases on preferred shares, it is added to the preferred stock carrying amount, and reduces income available to common stockholders in the calculation of earnings per share.
	Accordingly, the Series B Convertible Preferred shares were reported at their liquidation preference amount.
	Classification of Expenses
	Costs of Goods Sold – Cost of goods sold primarily includes expenses related to inventory purchases, customs, duty, freight, overhead expenses and reserves for obsolete inventory. Overhead expenses primarily consist of quality assurance costs, warehouse and operations salaries, and other warehouse expense.
	Sales and Marketing Expenses – Sales and marketing expenses primarily include sales salaries and commissions, travel and entertainment, marketing, advertising and other sales related costs. Marketing and advertising efforts are expensed as incurred.
	General and Administrative Expenses – General and administrative expenses primarily include administrative salaries, employee benefits, professional service fees, facility expenses, information technology costs, investor relations, travel and entertainment, depreciation and amortization, bad debts and other general corporate expenses.
	Interest Expense, net – Interest expense reflects the cost of borrowings and amortization of deferred financing costs. Interest expense for the three months ended March 31, 2014, and 2013 totaled $111,764 and $1,221 respectively. Interest income consists of earnings from cash held in interest bearing accounts. For the three months ended March 31, 2014 and 2013 the Company recorded interest income of $493 and $449, respectively.
	Foreign Currency Translation
	The Company has operations and holds assets in various foreign countries. The local currency is the functional currency for the Company’s subsidiaries in China and India. Assets and liabilities are translated at end-of-period exchange rates while revenues and expenses are translated at the average exchange rates in effect during the period. Equity is translated at historical rates and the resulting cumulative translation adjustments are included as a component of accumulated other comprehensive income until the translation adjustments are realized. Included in accumulated other comprehensive income were a cumulative foreign currency translation gain of $115,877 and $114,785 as of March 31, 2014 and December 31, 2013, respectively.
	Comprehensive Income
	Comprehensive income consists of net income and unrealized income (loss) on foreign currency translation adjustments. The foreign currency translation adjustment represents the net currency translation gains and losses related to our China and India subsidiaries, which have not been reflected in the net income for the periods presented.
	In the first quarter of 2012 we adopted FASB ASU 2011-05, “Presentation of Comprehensive Income” (“ASU 2011-05”) and ASU 2011-12, “Comprehensive Income (Topic 220)”, which amended ASC Topic 220, “Comprehensive Income”, and was effective for fiscal years, and interim periods within those years, beginning after December 15, 2011.  The Company chose the option provided by ASU 2011-05 to present the total of comprehensive income (loss), the components of net income (loss) and the components of other comprehensive income (loss) in a single continuous statement.
	Use of Estimates
	The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year.  The accounting estimates that require the Company’s most significant, difficult and subjective judgments include the valuation allowance for accounts receivable and inventory, and the assessment of recoverability of long-lived assets and intangible assets, stock-based compensation and the recognition and measurement of current and deferred income taxes (including the measurement of uncertain tax positions). Actual results could differ materially from the Company’s estimates.
	Presentation
	In order to facilitate the comparison of financial information, certain amounts reported in the prior year have been reclassified to conform to the current year presentation.

Note_3_Net_Income_Loss_Per_Sha

Note 3 - Net Income (Loss) Per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	Note 3. Net Income (Loss) Per Share
	The following is a reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share computations:
		Net income			Shares		Per Share
		(loss)					Amount
	Three Months ended March 31, 2014:
	Basic net income per share:
	Net income applicable to Common Stockholders	$	17,265			91,804,752	$	0
	Effect of Dilutive Securities -
	Options		-			1,627,080		-
	Diluted net income applicable to Common Stockholders	$	17,265			93,431,832	$	0
	Three Months ended March 31, 2013:
	Basic net income per share:
	Net income	$	280,353			24,412,044	$	0.01
	Series B Preferred Stock liquidation preference increase		(899,221	)		-		(0.04	)
	Net income (loss) applicable to Common Stockholders		(618,868	)		24,412,044		(0.03	)
	Effect of Dilutive Securities -
	Options, Preferred Stock and RSUs		-			-		-
	Diluted net income (loss) applicable to Common Stockholders	$	(618,868	)		24,412,044	$	(0.03	)
	For the three months ended March 31, 2014, options to purchase 1,627,080 shares of common stock exercisable between $0.04 and $0.20 per share were included in the computation of diluted net income per share. Options to purchase 638,600 shares of common stock exercisable between $0.28 and $5.23 per share were outstanding but were not included in the computation of diluted net income per share applicable to common stockholders because they would have an antidilutive effect on the net income per share.
	For the three months ended March 31, 2013, options to purchase 6,372,100 shares of common stock exercisable between $0.04 and $5.23 per share, RSUs to settle for 7,057,000 common shares and Series B Preferred Stock to be converted into 40,716,000 shares of common stock were outstanding, but were not included in the computation of diluted net income (loss) per share because they would have an antidilutive effect on the net income (loss) per share.

Note_4_Accounts_Receivable

Note 4 - Accounts Receivable	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	Note 4.     Accounts Receivable
	Accounts receivable are included on the consolidated balance sheets net of the allowance for doubtful accounts. The allowance for doubtful accounts at March 31, 2014 and December 31, 2013 was $50,670 and $41,596, respectively.

Note_5_Inventories

Note 5 - Inventories	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	Note 5. Inventories
	Inventories are stated at the lower of cost, determined using the first-in, first-out basis, or market value and are all categorized as finished goods. The costs of inventory include the purchase price, inbound freight and duties, conversion costs and certain allocated production overhead costs. Inventory valuation reserves are recorded for damaged, obsolete, excess and slow-moving inventory. The Company uses estimates to record these reserves. Slow-moving inventory is reviewed by category and may be partially or fully reserved depending on the type of product and the length of time the product has been included in inventory. Reserve adjustments are made for the difference between the cost of the inventory and the estimated market value, if lower, and charged to operations in the period in which the facts that give rise to these adjustments become known. Market value of inventory is estimated based on the impact of market trends, an evaluation of economic conditions and the value of current orders relating to the future sales of this inventory.
	Inventories consist of the following:
		March 31,			December 31,
		2014			2013
	Finished goods	$	938,911		$	1,029,759
	Less: Reserves		(237,687	)		(229,519	)
	Total inventories	$	701,224		$	800,240

Note_6_Bank_Credit_Facilities

Note 6 - Bank Credit Facilities	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	Note 6.     Bank Credit Facilities
	On December 31, 2013, the Company entered into a Commercial Credit Agreement (the “Credit Agreement”) with Union Bank, N.A. (“Union Bank”). The Credit Agreement as amended provides for a 24 month revolving loan commitment and a 36 month term loan. The revolving loan commitment includes available borrowings of up to $3,500,000 (the “Revolving Credit Loan”), consisting of revolving loans and a sublimit of letters of credit not to exceed a maximum aggregate principal amount of $1,000,000. Borrowings under the Revolving Credit Loan carry interest at a per annum rate of two and one-half percent (2.50%) in excess of a reference rate (“Reference Rate”), which is an index rate determined by Union Bank from time to time as a means of pricing certain extensions of credit. The Reference Rate was 3.25% as of March 31, 2014 and December 31, 2013
	The Credit Agreement also provides for a term loan in the amount of $5,000,000 (the “Term Loan Payable” and together with the Revolving Credit Loan, the “Credit Facilities”). The Term Loan Payable is payable in 36 monthly payments of $138,889 beginning January 31, 2014 with interest payable at a per annum rate of two and three-quarters percent (2.75%) in excess of the Reference Rate. The Company paid $250,000 in financing costs associated with the Credit Agreement. The Company used all of the proceeds of the Term Loan and $827,490 of the proceeds of the Revolving Credit Loan to repay in full the promissory note entered into in July 2013 with CVC California, LLC (“CVC”) in the principal amount of $5,800,000 at December 31, 2013 plus accrued interest (See Note 7).
	The Credit Agreement contains representations and warranties, affirmative, negative and financial covenants, and events of default, applicable to the Company and its subsidiaries which are customary for Credit Facilities of this type including maintaining a Fixed Charge Coverage Ratio (as defined in the Credit Agreement) of not less than 1.25:1.00 as of the close of each fiscal quarter and an Adjusted EBITDA (as defined in the Credit Agreement) of at least $2,750,000 as of the close of each fiscal quarter, for the 12-month period ended as of the last day of the quarter.
	The payment and performance of all indebtedness and other obligations under the Credit Facilities are secured by liens on substantially all of the Company assets pursuant to the terms and conditions of security agreements and guaranties executed by the Company and its principle operating subsidiaries including Tag-It, Inc., Talon Technologies, Inc., and Tag-It Pacific Limited.
	The Company had outstanding borrowings as of March 31, 2014 and December 31, 2013 of $5,583,334 and $6,000,000, respectively, under the Credit Facilities, of which $1,000,000 relates to obligations under Revolving Credit Loan and the remainder relates to the Term Note Payable. As of March 31, 2014 the Company had $1,195,761 in available borrowings.
	Interest expense, net included on our Consolidated Statements of Operations is comprised as follows:
		Three Months Ended March 31,
		2014			2013
	Revolving credit loan	$	16,212		$	-
	Term loan payable		72,688			-
	Amortization of deferred financing cost		22,569			-
	Total Credit Facilities related interest expense		111,469			-
	Other interest expense (income), net		(198	)		772
	Interest expense, net	$	111,271		$	772

Note_7_Stockholders_Equity

Note 7 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	Note 7.     Stockholders’ Equity
	Series B Convertible Preferred Stock Redemption and Private Placement of Common Stock
	On July 12, 2013 the Company entered into a Securities Redemption Agreement (the “Redemption Agreement”) with CVC. Pursuant to the Redemption Agreement, the Company repurchased from CVC all of the 407,160 outstanding shares of the Company’s Series B Convertible Preferred Stock (the “Series B Preferred Stock”) for an aggregate purchase price of $18,800,000. The purchase price was paid by delivery of $13,000,000 in cash and the issuance to CVC of a promissory note in the principal amount of $5,800,000 (the “Promissory Note”).
	The redemption of the Series B Preferred Stock eliminated the Preferred Stock liquidation preference obligation of $25,893,686, which had entitled the preferred stockholders to payment of the preference amount before payment to the common stockholders. The liquidation preference was scheduled to increase to $40,704,105 in 2016, the time that the preferred shares would have become mandatorily redeemable. The redemption resulted in an immediate benefit to common stockholders of $7,093,686 (less redemption costs of $154,429). Following the redemption of the Series B Preferred Stock, the Company amended the Corporation’s Certificate of Incorporation to eliminate all of the Series B Convertible Preferred Stock. There were no Series B Preferred Stock authorized, issued or outstanding as of March 31, 2014 and December 31, 2013, and the Company now has only common shares outstanding. In connection with the redemption of the Series B Preferred Stock, Mark Hughes, formerly CVC’s representative on the Company’s Board of Directors, resigned from the Board of Directors effective July 12, 2013. Pursuant to the Redemption Agreement, the existing Stockholder’s Agreement with CVC, and with Lonnie D. Schnell (our Chief Executive Officer and a member of our Board of Directors) and Larry Dyne (our President), was terminated.
	In order to provide additional funds necessary for the redemption of the Series B Preferred Stock, and simultaneous with the Redemption Agreement, the Company raised $5,500,000 of new equity through the sale, in a private placement transaction, of 61,111,109 shares of the Company’s common stock at a price of $0.09 per share. The closing of the private placement was expressly conditioned upon the contemporaneous closing of the transactions under the Redemption Agreement. The closing price of the Company's common stock was $0.058 per share on Friday, July 12, 2013, the last trading day prior to public announcement of the equity financing and redemption transactions.
	In connection with the private placement, the Company entered into a series of Subscription Agreements (the “Subscription Agreements”) and a Registration Rights Agreement (the “Registration Rights Agreement“) with the investors in the transaction. The Subscription Agreement entered into with Kutula Holdings Ltd. (“Kutula”) grants Kutula the right to nominate one member of the Company’s Board of Directors, so long as Kutula continues to hold at least 15,500,000 of the shares (as adjusted for stock splits and the like) purchased pursuant to its Subscription Agreement, subject to certain disclosure requirements and other limitations. The Registration Rights Agreement provides for demand registration rights, such that upon the demand of holders of at least 25% of the shares issued in the private placement and subject to certain conditions, the Company will then file a registration statement covering the shares issued in the private placement that requested to be included in such registration. The Registration Rights Agreement also provides certain piggyback rights, in which the holders of shares acquired in the private placement have the right to include those shares in a Company-initiated registration.
	As a result of the redemption, on July 12, 2013 a total of 4,745,600 shares of common stock were issued to the Company’s executive management team in settlement of previously vested RSUs pursuant to terms of the 2010 RSU grants and the related deferral elections (See Note 8).
	Authorized Common Stock and Preferred Stock
	On November 8, 2013, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to increase the number of shares of common stock authorized to be issued from 100,000,000 to 300,000,000. The stockholders also approved an amendment to the Company’s Certificate of Incorporation to allow for a reverse split of the Company’s outstanding shares of common stock when and if the Board of Directors determines that such action is appropriate.
	The Company’s Certificate of Incorporation presently authorizes the issuance of 3,000,000 shares of Preferred Stock, having a par value of $0.001 per share. No shares of Preferred Stock were outstanding at March 31, 2014 or December 31, 2013.
	Previously Outstanding Series B Convertible Preferred Stock
	On July 30, 2010, the Company entered into the Recapitalization Agreement with CVC, pursuant to which the Company issued to CVC an aggregate of 407,160 shares of a newly created series of the Company’s preferred stock, designated Series B Preferred Stock, in payment of an aggregate of $16,706,685 owed by the Company to CVC at the time under a loan agreement.
	The Series B Preferred Stock was initially recorded at the fair value of $17,277,600 as of July 30, 2010, reduced by the BCF ($1,283,343) and stock issuance costs ($190,744), for a net value of $15,803,513 as of July 30, 2010. The value of the Series B Preferred Stock was adjusted as follows as a consequence of its redemption features:
		●	The Series B Preferred Stock was not currently redeemable, but it was probable that the preferred stock would become redeemable due to the redemption option available to the preferred stockholders on July 30, 2016. Changes in the redemption value were recognized immediately as they occurred, and the carrying amount of the instrument was adjusted to equal the redemption value at the end of each reporting period. Accordingly, the adjustment of $903,172 to record the preferred stock at its redemption value (“Original issue discount”) was charged against the preferred stock carrying value and retained earnings during the year ended December 31, 2010. The resulting increases in the carrying amount of the Series B Preferred Stock reduced the income applicable to common stockholders reported in the calculation of earnings per share.
		●	In addition, an annual 16% increase on the liquidation preference of outstanding preferred shares was accrued each reporting period (until the redemption of the outstanding shares of Series B Preferred Stock in July 2013) as an addition to the carrying value of the preferred stock and reduced the income applicable to common stockholders reported in the calculation of earnings per share.
	The Series B Preferred Stock was fully redeemed as noted above on July 12, 2013, and the Company subsequently amended the Corporation’s Certificate of Incorporation to eliminate all of the authorized Series B Preferred Stock (none of which were outstanding) that had been authorized in 2010 in connection with the Recapitalization Agreement.
	Eliminated Series A Preferred Stock
	On July 12, 2013, the Company amended the Corporation’s Certificate of Incorporation to eliminate all of the Series A Preferred Stock (none of which were outstanding) which had been authorized in 1998 upon the Company’s adoption of a stockholder’s rights plan. The stockholder rights plan expired in accordance with its terms in 2008.
	Terminated Stockholders Agreement
	Concurrent with the execution of the Recapitalization Agreement, on July 30, 2010, the Company entered into a Stockholders Agreement with CVC, and with Lonnie D. Schnell and Larry Dyne, that provided for certain voting covenants and rights and restrictions with respect to transfers of stock. The Stockholders Agreement was terminated on July 12, 2013 pursuant to the Redemption Agreement entered into on that date with CVC.

Note_8_StockBased_Compensation

Note 8 - Stock-Based Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	Note 8.     Stock-Based Compensation
	The Company accounts for stock-based awards to employees and directors in accordance with FASB ASC 718, “Compensation - Stock Compensation”, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors based on estimated fair values. Options issued to consultants are accounted for in accordance with the provisions of FASB ASC 505-50, “Equity-Based Payments to Non-Employees”.
	Stock Options
	The Company’s 2008 Stock Incentive Plan initially authorized the issuance of up to 2,500,000 shares of common stock in awards to individuals under the plan. On November 19, 2010, an amendment to the 2008 Stock Incentive Plan increased the authorized shares from 2,500,000 to 4,810,000. On November 8, 2013, the Company’s stockholders approved a further amendment to the 2008 Stock Incentive Plan to increase from 4,810,000 to 15,000,000 the number of shares of common stock that may be issued pursuant to awards under the plan.
	The Company’s 2007 Stock Plan was approved by the Company’s stockholders in 2007, and replaced the 1997 Stock Plan that had previously authorized the granting of a variety of stock-based incentive awards. The 2007 Stock Plan authorizes up to 2,600,000 shares of common stock for issuance pursuant to awards granted to individuals under the plan.
	The Board of Directors, who determines the recipients and terms of the award granted, administers the Company’s stock plans. Awards under the Company’s stock plans are generally granted with an exercise price equal to the average market price of the Company’s stock for the five trading days following the date of approval of the grant. Those option awards generally vest over periods determined by the Board of Directors from immediate to 4 years of continuous service and have 10 year contractual terms.
	No options were granted during the three months ended March 31, 2014 and 2013.
	During the three months ended March 31, 2014, options were exercised to acquire 186,458 shares of common stock under the 2007 and 2008 Stock Incentive Plans, and 148,820 shares were retained by the Company in payment of the exercise price of $0.18 weighted average per share and the tax associated with the exercise of the options. At the time of exercise, the intrinsic value of the options exercised was $0.27 per share, and the retained shares had a value of $40,181. During the three months ended March 31, 2014, options were also exercised to acquire 277,084 shares of common stock under the 2008 Stock Incentive Plan. Cash received upon exercise was $29,709 or weighted average of $0.11 per share. At the time of exercise, the intrinsic value of the options exercised was $0.23 per share.
	As of March 31, 2014, the Company had $73,633 of unamortized stock-based compensation expense related to options issued to employees and directors, which will be recognized over the remaining weighted average period of 0.6 years. As of March 31, 2013, unamortized stock-based compensation expense related to options issued to employees and directors was $68,325, which was to be recognized over the weighted average period of approximately 1.9 years.
	The following table summarizes the activity in the Company’s share based compensation plans during the three months ended March 31, 2014.
			Number of			Weighted
			Shares			Average
						Exercise
						Price
	Employees and Directors
	Options outstanding - January 1, 2014			6,221,725		$	0.19
	Granted			-		$	-
	Exercised			(463,542	)	$	0.13
	Cancelled			(27,291	)	$	0.11
	Options outstanding - March 31, 2014			5,730,892		$	0.2
	Restricted Stock Units (RSUs)
	On July 30, 2010, the Company awarded each of Lonnie D. Schnell and Larry Dyne a restricted stock unit award (an “RSU Award”) for 5,778,500 shares of the Company’s common stock. Each RSU Award vested 50% on August 30, 2011, and 10% on each date which is 18, 24, 30, 36 and 42 months following the grant date, subject to partial acceleration of vesting as part of the executives’ severance benefits and full acceleration of vesting upon a change in control of the Company. As of July 30, 2010, the RSUs were valued at $2,263,884, which was reduced by the fair value of the options surrendered by the employees in connection with these grants.
	On August 30, 2010, Lonnie D. Schnell and Larry Dyne elected to defer the settlement in common shares of 5,434,200 RSUs beyond the vesting dates. On July 12, 2013, 4,745,600 shares of common stock were issued upon settlement of previously vested restricted stock units pursuant to conditions included in the RSU Awards and the deferral elections.
	There were no outstanding RSUs and no unamortized stock-based compensation expense related to RSUs as of March 31, 2014. At December 31, 2013 there were 1,155,700 unvested RSUs with a $0.196 per share weighted average value per the original award. These RSUs vested and were settled in common stock on January 30, 2014.
	Below is a breakdown by date of the common shares issued upon settlement of vested RSU Awards, and the related intrinsic value of the shares issued.
			Total			Common		Intrinsic value
			RSUs			shares		at the time
			awarded			issued upon		of issuance
						settlement of
						vested RSUs
	30-Jul-10			11,557,000			-	$	0.196
	30-Aug-11			-			600,000	$	0.1
	30-Jan-12			-			900,000	$	0.05
	30-Jul-12			-			1,500,000	$	0.04
	30-Jan-13			-			1,500,000	$	0.04
	July 12, 2013 (1)			-			4,745,600	$	0.06
	July 30, 2013 (1)			-			1,155,700	$	0.25
	January 30, 2014 (2)			-			1,155,700	$	0.25
	Total at March 31, 2014			11,557,000			11,557,000
		-1	On November 7, 2013, the Company redeemed 576,000 shares of common stock at a price of $0.38 per share. The redemption was made in payment of the tax associated with the settlement in July 2013 of previously granted restricted stock units.
		-2	On January 30, 2014, 610,894 shares of common stock were issued upon settlement of vested restricted stock units, and the equivalent of 544,806 shares were retained by the Company in payment of the tax associated with the vesting of restricted stock units previously granted to the reporting persons.

Note_9_Income_Taxes

Note 9 - Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Note 9.      Income taxes
	Provision for income taxes, net for the three months ended March 31, 2014 was $13,659. Benefit from income taxes, net for the three months ended March 31, 2013 was $(72,248).
	The provision for income taxes at March 31, 2014 includes consideration of all taxable income worldwide. In 2013 the provision for income taxes excluded the Company’s US and India operations due to valuation reserves against the respective income from these entities. These valuation reserves were removed at December 31, 2013.
	The benefit from income taxes, net for the three months ended March 31, 2013 included the benefit of the elimination of a tax liability of $135,177 recorded in 2007 in connection with a tax position that could have been subject to reversal upon a regulatory review. At March 31, 2013 the time limit for regulatory assessment of the tax position expired and the liability was removed.
	Other tax liabilities were principally associated with foreign withholdings and funds transfers, and income tax payable from our Asia operations. Other tax liabilities as of March 31, 2014 and December 31, 2013 totaled $205,747 and $179,000, respectively, and were included in Accrued Expenses.
	Current income taxes receivable were associated with foreign and domestic prepayments and totaled $178,760 and $176,935 as of March 31, 2014 and December 31, 2013, respectively.
	Deferred income tax assets, net totaled $6,469,168 and $6,443,385 as of March 31, 2014 and December 31, 2013, respectively, are included in long term deferred income tax assets, net and as part of prepaid expenses and other current assets.
	Deferred income tax liabilities totaled $20,995 and $30,388 as of March 31, 2014 and December 31, 2013, respectively.

Note_10_Commitments_and_Contin

Note 10 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Note 10.     Commitments and Contingencies
	The Company currently has pending claims and complaints that arise in the ordinary course of the Company’s business. The Company believes that it has meritorious defenses to these claims and that the claims are either covered by insurance or would not have a material effect on the Company’s consolidated financial position or results of operations if adversely determined against the Company.
	In November 2002, the FASB issued Topics of the FASB ASC 460-10, “Guarantees” (“ASC 460-10”) and FASB ASC 850-10, “Related Party Disclosures” (”ASC 850-10”). The following is a summary of the Company’s agreements that it has determined are within the scope of ASC 460-10 and ASC 850-10:
		●	In accordance with the bylaws of the Company, and indemnification agreements entered into with the members of the Board of Directors and executive officers, the Company’s officers and directors are indemnified for certain events or occurrences arising as a result of the officer or director serving in such capacity. The term of the indemnification period is for the lifetime of the officer or director. The maximum potential amount of future payments the Company could be required to make under the indemnification provisions of its bylaws and indemnification agreements is unlimited. However, the Company has a director and officer liability insurance policy that reduces its exposure and enables it to recover a portion of any future amounts paid. As a result of its insurance policy coverage, the Company believes the estimated fair value of the indemnification provisions of its bylaws and indemnification agreements is minimal and therefore, the Company has not recorded any related liabilities.
		●	The Company enters into indemnification provisions under its agreements with investors and its agreements with other parties in the normal course of business, typically with suppliers, customers and landlords. Under these provisions, the Company generally indemnifies and holds harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of the Company’s activities or, in some cases, as a result of the indemnified party’s activities under the agreement. These indemnification provisions often include indemnifications relating to representations made by the Company with regard to intellectual property rights, and generally survive termination of the underlying agreement. The maximum potential amount of future payments the Company could be required to make under these indemnification provisions is unlimited. The Company has not incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the estimated fair value of these agreements is minimal and accordingly, the Company has not recorded any related liabilities.

Note_11_Segment_Reporting_and_

Note 11 - Segment Reporting and Geographic Information	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	Note 11.      Segment Reporting and Geographic Information
	The Company manufactures and distributes a full range of zipper (Talon), trim and waistband items utilizing proprietary stretch technology (Tekfit) to manufacturers of fashion apparel, specialty retailers and mass merchandisers. The Company’s organization is based on divisions representing the major product lines, and the Company’s operating decisions use these divisions to assess performance, allocate resources and make other operating decisions. Within these product lines there is not enough difference between the types of products to justify segmented reporting by product type or to account for these products separately. The net revenues and operating margins for the three primary product groups are as follows:
		Three Months ended March 31, 2014
				Trim		Tekfit			Consolidated
		Talon
	Net sales	$	5,792,035	$	5,545,138	$	5,945		$	11,343,118
	Cost of goods sold		4,093,423		3,475,161		39,578			7,608,162
	Gross profit (loss)	$	1,698,612	$	2,069,977	$	(33,633	)		3,734,956
	Less: Operating expenses									(3,592,761	)
	Income from operations								$	142,195
		Three Months ended March 31, 2013
				Trim		Tekfit			Consolidated
		Talon
	Net sales	$	5,800,526	$	4,329,944	$	9,280		$	10,139,750
	Cost of goods sold		4,131,434		2,830,150		2,088			6,963,672
	Gross profit	$	1,669,092	$	1,499,794	$	7,192			3,176,078
	Less: Operating expenses									(2,967,201	)
	Income from operations								$	208,877
	The Company distributes its products internationally and has reporting requirements based on geographic regions. Revenues are attributed to countries based upon customer delivery locations and the net book value of long-lived assets (consisting of property and equipment and intangibles) is attributed to countries based on the location of the assets, as follows:
	Sales:	Three Months Ended
		March 31,
	Country / Region	2014		2013
	United States	$	1,179,127	$	1,082,087
	Hong Kong		3,120,837		2,508,776
	China		2,973,919		3,000,051
	Other		4,069,235		3,548,836
	Total	$	11,343,118	$	10,139,750
		March 31,		December 31,
		2014		2013
	Long-lived Assets:
	United States	$	4,501,488	$	4,514,104
	Hong Kong		254,542		278,636
	China		83,104		88,962
	Total	$	4,839,134	$	4,881,702

Note_12_Subsequent_Events

Note 12 - Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	Note 12.      Subsequent Events
	The Company evaluated subsequent events after the balance sheet date of March 31, 2014 through the date of the filing of this report.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	'
	Allowance for Accounts Receivable Doubtful Accounts
	The Company is required to make judgments as to the collectability of accounts receivable based on established aging policy, historical experience and future expectations. The allowances for doubtful accounts represent allowances for customer trade accounts that are estimated to be partially or entirely uncollectible. These allowances are used to reduce gross trade receivables to their net realizable value. The Company records these allowances based on estimates related to the following factors: (i) customer specific allowances; (ii) amounts based upon an aging schedule; and (iii) an estimated amount, based on our historical experience, for issues not yet identified. Bad debt expense, net for the three months ended March 31, 2014 and 2013 was $9,414 and $111, respectively.
Fair Value Measurement, Policy [Policy Text Block]	'
	Fair Value Measurements
	Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, the fair value guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
	Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2 - Includes other inputs that are directly or indirectly observable in the marketplace.
	Level 3 - Unobservable inputs which are supported by little or no market activity.
	The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	The Company’s financial instruments include cash and cash equivalents, accounts receivable, other assets, accounts payable, accrued expenses, revolving credit loan, term loan payable and other liabilities. The book value of the financial instruments is representative of their fair values. In accordance with this guidance, the Company measures its cash equivalents at fair value. The Company’s cash equivalents are classified within Level 1. Cash equivalents are valued primarily using quoted market prices utilizing market observable inputs. At March 31, 2014 and December 31, 2013, cash equivalents consisted of money market funds measured at fair value on a recurring basis; fair value of the Company’s money market funds was approximately $535,000 and $961,000, respectively.
	The Company adopted the Financial Accounting Standards Board (“FASB”) staff position that delayed the guidance on fair value measurements for non-financial assets and non-financial liabilities. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	'
	Intangible Assets
	Intangible assets consist of the Talon trade name acquired in a purchase business combination, patents, licenses, intellectual property rights and technology. Intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but instead are tested for impairment at least annually in accordance with the provisions of FASB Accounting Standards Codification (“ASC”) 350, “Intangibles - Goodwill and Other”. Intangible assets with estimable useful lives are amortized over their respective estimated useful lives using the straight-line method, and are reviewed for impairment in accordance with the provisions of ASC 360, “Property, Plant and Equipment”. Costs incurred to renew or extend the term of recognized intangible assets are capitalized and amortized over the useful life of the asset.
	In July 2012, the FASB issued Accounting Standards Update (“ASU”) 2012-02, “Intangibles – Goodwill and Other - Testing Indefinite-lived Intangible Assets for Impairment.”  The updated guidance gives companies the option to first perform a qualitative assessment to determine whether it is more likely than not, defined as a likelihood of more than 50%, that an indefinite-lived intangible asset is impaired.  If it is determined that it is more likely than not that an impairment exists, then the company is required to estimate the fair value of the indefinite-lived intangible assets and perform a quantitative impairment test in accordance with ASU 350-30. The updated guidance was effective for annual and interim indefinite lived intangibles asset impairment tests performed for fiscal years, and interim periods within those years, beginning after September 15, 2012.   The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. The Company completed the required assessment as of March 31, 2014 and December 31, 2013, and noted no impairment.
	In March 2012 the Company completed the acquisition from Pro-Fit Holdings Limited and related parties of all U.S. patents, applications, trademarks, rights and technology associated with the stretch waistband technology that was formerly under an exclusive license agreement. The Company also acquired other intellectual property related to accessory components used with a variety of apparel products from inventors. The total purchase price and related fees for all intangibles acquired in 2012 totaled $178,722, and is amortized based on the estimated useful lives between 10 and 17 years.
	Amortization expense for intangible assets was $3,271 and $3,020 for the three months ended March 31, 2014 and 2013, respectively.
	Intangible assets as of March 31, 2014 and December 31, 2013 are as follows:
			March 31,			December 31,
			2014			2013
	Tradename - Talon trademark		$	4,110,751		$	4,110,751
	Intellectual property rights			178,722			178,722
	Less: Accumulated amortization			(25,634	)		(22,363	)
	Intellectual property rights, net			153,088			156,359
	Intangible assets, net		$	4,263,839		$	4,267,110
Stockholders' Equity Note, Redeemable Preferred Stock, Issue, Policy [Policy Text Block]	'
	Convertible Preferred Stock
	The Company had classified its conditionally redeemable Series B Convertible Preferred shares, which were subject to redemption upon the occurrence of uncertain events not solely within the Company’s control, as temporary equity in the mezzanine section of the consolidated balance sheets, in accordance with the guidance enumerated in FASB ASC No. 480-10 “Distinguishing Liabilities from Equity”, FASB ASC No. 210 “Classification and Measurement of Redeemable Securities” and Rule 5-02.28 of Regulation S-X, when determining the classification and measurement of preferred stock (See Note 7).
	The Company evaluated the conversion option of the Series B Convertible Preferred shares in accordance with FASB ASC No. 470-20, “Debt with Conversion and Other Options”, Accounting for Convertible Securities with Beneficial Conversion Features (“BCF”) or Contingently Adjustable Conversion Ratios.  The Series B Convertible Preferred shares were initially recorded at their fair value minus the BCF and minus preferred stock issuance costs, and then were subsequently adjusted for changes in the preferred stock value in accordance with the following guidelines:
		●	When an equity instrument is not currently redeemable, but it is probable that the equity instrument will become redeemable then changes in the redemption value are recognized as they occur, and the carrying amount of the instrument is adjusted to equal the current redemption value. An increase in the carrying amount of the instrument reduces income available to common stockholders in the calculation of earnings per share.
		●	When the liquidation preference increases on preferred shares, it is added to the preferred stock carrying amount, and reduces income available to common stockholders in the calculation of earnings per share.
	Accordingly, the Series B Convertible Preferred shares were reported at their liquidation preference amount.
Cost of Sales, Policy [Policy Text Block]	'
	Costs of Goods Sold – Cost of goods sold primarily includes expenses related to inventory purchases, customs, duty, freight, overhead expenses and reserves for obsolete inventory. Overhead expenses primarily consist of quality assurance costs, warehouse and operations salaries, and other warehouse expense.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	'
	Sales and Marketing Expenses – Sales and marketing expenses primarily include sales salaries and commissions, travel and entertainment, marketing, advertising and other sales related costs. Marketing and advertising efforts are expensed as incurred.
	General and Administrative Expenses – General and administrative expenses primarily include administrative salaries, employee benefits, professional service fees, facility expenses, information technology costs, investor relations, travel and entertainment, depreciation and amortization, bad debts and other general corporate expenses.
Interest Expense, Policy [Policy Text Block]	'
	Interest Expense, net – Interest expense reflects the cost of borrowings and amortization of deferred financing costs. Interest expense for the three months ended March 31, 2014, and 2013 totaled $111,764 and $1,221 respectively. Interest income consists of earnings from cash held in interest bearing accounts. For the three months ended March 31, 2014 and 2013 the Company recorded interest income of $493 and $449, respectively.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	'
	Foreign Currency Translation
	The Company has operations and holds assets in various foreign countries. The local currency is the functional currency for the Company’s subsidiaries in China and India. Assets and liabilities are translated at end-of-period exchange rates while revenues and expenses are translated at the average exchange rates in effect during the period. Equity is translated at historical rates and the resulting cumulative translation adjustments are included as a component of accumulated other comprehensive income until the translation adjustments are realized. Included in accumulated other comprehensive income were a cumulative foreign currency translation gain of $115,877 and $114,785 as of March 31, 2014 and December 31, 2013, respectively.
Comprehensive Income, Policy [Policy Text Block]	'
	Comprehensive Income
	Comprehensive income consists of net income and unrealized income (loss) on foreign currency translation adjustments. The foreign currency translation adjustment represents the net currency translation gains and losses related to our China and India subsidiaries, which have not been reflected in the net income for the periods presented.
	In the first quarter of 2012 we adopted FASB ASU 2011-05, “Presentation of Comprehensive Income” (“ASU 2011-05”) and ASU 2011-12, “Comprehensive Income (Topic 220)”, which amended ASC Topic 220, “Comprehensive Income”, and was effective for fiscal years, and interim periods within those years, beginning after December 15, 2011.  The Company chose the option provided by ASU 2011-05 to present the total of comprehensive income (loss), the components of net income (loss) and the components of other comprehensive income (loss) in a single continuous statement.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year.  The accounting estimates that require the Company’s most significant, difficult and subjective judgments include the valuation allowance for accounts receivable and inventory, and the assessment of recoverability of long-lived assets and intangible assets, stock-based compensation and the recognition and measurement of current and deferred income taxes (including the measurement of uncertain tax positions). Actual results could differ materially from the Company’s estimates.
Reclassification, Policy [Policy Text Block]	'
	Presentation
	In order to facilitate the comparison of financial information, certain amounts reported in the prior year have been reclassified to conform to the current year presentation.

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Schedule of Intangible Assets and Goodwill [Table Text Block]	'
		March 31,			December 31,
		2014			2013
	Tradename - Talon trademark	$	4,110,751		$	4,110,751
	Intellectual property rights		178,722			178,722
	Less: Accumulated amortization		(25,634	)		(22,363	)
	Intellectual property rights, net		153,088			156,359
	Intangible assets, net	$	4,263,839		$	4,267,110

Note_3_Net_Income_Loss_Per_Sha1

Note 3 - Net Income (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Net income			Shares		Per Share
		(loss)					Amount
	Three Months ended March 31, 2014:
	Basic net income per share:
	Net income applicable to Common Stockholders	$	17,265			91,804,752	$	0
	Effect of Dilutive Securities -
	Options		-			1,627,080		-
	Diluted net income applicable to Common Stockholders	$	17,265			93,431,832	$	0
	Three Months ended March 31, 2013:
	Basic net income per share:
	Net income	$	280,353			24,412,044	$	0.01
	Series B Preferred Stock liquidation preference increase		(899,221	)		-		(0.04	)
	Net income (loss) applicable to Common Stockholders		(618,868	)		24,412,044		(0.03	)
	Effect of Dilutive Securities -
	Options, Preferred Stock and RSUs		-			-		-
	Diluted net income (loss) applicable to Common Stockholders	$	(618,868	)		24,412,044	$	(0.03	)

Note_5_Inventories_Tables

Note 5 - Inventories (Tables)	3 Months Ended
	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
		March 31,			December 31,
		2014			2013
	Finished goods	$	938,911		$	1,029,759
	Less: Reserves		(237,687	)		(229,519	)
	Total inventories	$	701,224		$	800,240

Note_6_Bank_Credit_Facilities_

Note 6 - Bank Credit Facilities (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Interest Income and Interest Expense Disclosure [Table Text Block]	'
		Three Months Ended March 31,
		2014			2013
	Revolving credit loan	$	16,212		$	-
	Term loan payable		72,688			-
	Amortization of deferred financing cost		22,569			-
	Total Credit Facilities related interest expense		111,469			-
	Other interest expense (income), net		(198	)		772
	Interest expense, net	$	111,271		$	772

Note_8_StockBased_Compensation1

Note 8 - Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
		Number of			Weighted
		Shares			Average
					Exercise
					Price
	Employees and Directors
	Options outstanding - January 1, 2014		6,221,725		$	0.19
	Granted		-		$	-
	Exercised		(463,542	)	$	0.13
	Cancelled		(27,291	)	$	0.11
	Options outstanding - March 31, 2014		5,730,892		$	0.2
Schedule of Unvested Restricted Stock Units Roll Forward [Table Text Block]	'
		Total			Common		Intrinsic value
		RSUs			shares		at the time
		awarded			issued upon		of issuance
					settlement of
					vested RSUs
	30-Jul-10		11,557,000			-	$	0.196
	30-Aug-11		-			600,000	$	0.1
	30-Jan-12		-			900,000	$	0.05
	30-Jul-12		-			1,500,000	$	0.04
	30-Jan-13		-			1,500,000	$	0.04
	July 12, 2013 (1)		-			4,745,600	$	0.06
	July 30, 2013 (1)		-			1,155,700	$	0.25
	January 30, 2014 (2)		-			1,155,700	$	0.25
	Total at March 31, 2014		11,557,000			11,557,000

Note_11_Segment_Reporting_and_1

Note 11 - Segment Reporting and Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
		Three Months ended March 31, 2014
				Trim		Tekfit			Consolidated
		Talon
	Net sales	$	5,792,035	$	5,545,138	$	5,945		$	11,343,118
	Cost of goods sold		4,093,423		3,475,161		39,578			7,608,162
	Gross profit (loss)	$	1,698,612	$	2,069,977	$	(33,633	)		3,734,956
	Less: Operating expenses									(3,592,761	)
	Income from operations								$	142,195
		Three Months ended March 31, 2013
				Trim		Tekfit			Consolidated
		Talon
	Net sales	$	5,800,526	$	4,329,944	$	9,280		$	10,139,750
	Cost of goods sold		4,131,434		2,830,150		2,088			6,963,672
	Gross profit	$	1,669,092	$	1,499,794	$	7,192			3,176,078
	Less: Operating expenses									(2,967,201	)
	Income from operations								$	208,877
Revenue from External Customers by Geographic Areas [Table Text Block]	'
	Sales:	Three Months Ended
		March 31,
	Country / Region	2014		2013
	United States	$	1,179,127	$	1,082,087
	Hong Kong		3,120,837		2,508,776
	China		2,973,919		3,000,051
	Other		4,069,235		3,548,836
	Total	$	11,343,118	$	10,139,750
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]	'
		March 31,		December 31,
		2014		2013
	Long-lived Assets:
	United States	$	4,501,488	$	4,514,104
	Hong Kong		254,542		278,636
	China		83,104		88,962
	Total	$	4,839,134	$	4,881,702

Note_2_Summary_of_Significant_2

Note 2 - Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]	'	'	'	'
Provision for Doubtful Accounts	$9,414	$111	'	'
Impairment of Long-Lived Assets Held-for-use	0	0	'	'
Finite-Lived Intangible Assets, Gross	178,722	'	178,722	178,722
Amortization of Intangible Assets	3,271	3,020	'	'
Interest Expense	111,764	1,221	'	'
Interest Income, Other	493	449	'	'
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	115,877	'	114,785	'
Pro-Fit [Member] | Minimum [Member]	'	'	'	'
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'10 years	'	'	'
Pro-Fit [Member] | Maximum [Member]	'	'	'	'
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'17 years	'	'	'
Money Market Funds [Member]	'	'	'	'
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]	'	'	'	'
Cash and Cash Equivalents, Fair Value Disclosure	$535,000	'	$961,000	'

Note_2_Summary_of_Significant_3

Note 2 - Summary of Significant Accounting Policies (Details) - Intangible Assets (USD $)	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets [Abstract]	'	'	'
Tradename - Talon trademark	$4,110,751	$4,110,751	'
Intellectual property rights	178,722	178,722	178,722
Less: Accumulated amortization	-25,634	-22,363	'
Intellectual property rights, net	153,088	156,359	'
Intangible assets, net	$4,263,839	$4,267,110	'

Note_3_Net_Income_Loss_Per_Sha2

Note 3 - Net Income (Loss) Per Share (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Employee And Board Member Stock Options [Member] | Stock Compensation Plan [Member]	'	'
Note 3 - Net Income (Loss) Per Share (Details) [Line Items]	'	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$0.28	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$5.23	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	638,600	'
Employee And Board Member Stock Options [Member]	'	'
Note 3 - Net Income (Loss) Per Share (Details) [Line Items]	'	'
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements (in Shares)	1,627,080	6,372,100
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$0.04	$0.04
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	$0.20	$5.23
Restricted Stock Units (RSUs) [Member]	'	'
Note 3 - Net Income (Loss) Per Share (Details) [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	'	7,057,000
Series B Convertible Preferred Stock [Member]	'	'
Note 3 - Net Income (Loss) Per Share (Details) [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)	'	40,716,000

Note_3_Net_Income_Loss_Per_Sha3

Note 3 - Net Income (Loss) Per Share (Details) - Reconciliation of the Numerators and Denominators of the Basic and Diluted Net Income/Loss Per Share (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Basic net income per share:	'	'
Net income (loss)	$17,265	($618,868)
Shares	91,804,752	24,412,044
Per share amount	$0	($0.03)
Effect of Dilutive Securities -	'	'
Options	1,627,080	'
Diluted net income (loss) applicable to Common Stockholders	17,265	-618,868
Diluted shares applicable to Common Stockholders	93,431,832	24,412,044
Diluted net income (loss) per share applicable to Common Stockholders	$0	($0.03)
Basic net income per share:	'	'
Net income	17,265	280,353
Net income	'	24,412,044
Net income	$0	$0.01
Series B Preferred Stock liquidation preference increase	'	($899,221)
Series B Preferred Stock liquidation preference increase	'	($0.04)

Note_4_Accounts_Receivable_Det

Note 4 - Accounts Receivable (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Receivables [Abstract]	'	'
Allowance for Doubtful Accounts Receivable, Current	$50,670	$41,596

Note_5_Inventories_Details_Inv

Note 5 - Inventories (Details) - Inventories (USD $)	Mar. 31, 2014	Dec. 31, 2013
Inventories [Abstract]	'	'
Finished goods	$938,911	$1,029,759
Less: Reserves	-237,687	-229,519
Total inventories	$701,224	$800,240

Note_6_Bank_Credit_Facilities_1

Note 6 - Bank Credit Facilities (Details) (USD $)	0 Months Ended	3 Months Ended
	Dec. 31, 2013	Mar. 31, 2014
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Repayments of Notes Payable	'	416,666
CVC [Member]	'	'
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Repayments of Notes Payable	5,800,000	'
Union Bank [Member] | Union Bank's Reference Rate [Member] | Term Loan Payable [Member] | Revolving Credit Facility [Member]	'	'
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Line of Credit Facility, Interest Rate at Period End	3.25%	3.25%
Union Bank [Member] | Union Bank's Reference Rate [Member] | Term Loan Payable [Member]	'	'
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Debt Instrument, Basis Spread on Variable Rate	2.75%	2.75%
Union Bank [Member] | Union Bank's Reference Rate [Member] | Revolving Credit Facility [Member]	'	'
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Debt Instrument, Basis Spread on Variable Rate	2.50%	2.50%
Union Bank [Member] | Term Loan Payable [Member]	'	'
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Debt Instrument, Term	'36 months	'
Debt Instrument, Face Amount	5,000,000	'
Debt Instrument, Periodic Payment	'	138,889
Payments of Financing Costs	250,000	'
Union Bank [Member] | CVC [Member]	'	'
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Proceeds from Lines of Credit	827,490	'
Union Bank [Member] | Revolving Credit Facility [Member]	'	'
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Debt Instrument, Term	'24 months	'
Line of Credit Facility, Maximum Borrowing Capacity	3,500,000	'
Proceeds from Lines of Credit	1,000,000	'
Line of Credit Facility, Amount Outstanding	1,000,000	1,000,000
Union Bank [Member]	'	'
Note 6 - Bank Credit Facilities (Details) [Line Items]	'	'
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio	'	1.25
Debt Instrument, Covenant, Minimum EBITDA	'	2,750,000
Line of Credit Facility, Amount Outstanding	6,000,000	5,583,334
Line of Credit Facility, Remaining Borrowing Capacity	'	1,195,761

Note_6_Bank_Credit_Facilities_2

Note 6 - Bank Credit Facilities (Details) - Interest Expense Included in Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Note 6 - Bank Credit Facilities (Details) - Interest Expense Included in Consolidated Statements of Operations [Line Items]	'	'
Amortization of deferred financing cost	$22,569	'
Total Credit Facilities related interest expense	111,469	'
Other interest expense (income), net	-198	772
Interest expense, net	111,271	772
Revolving Credit Facility [Member]	'	'
Note 6 - Bank Credit Facilities (Details) - Interest Expense Included in Consolidated Statements of Operations [Line Items]	'	'
Debt Interest Expense	16,212	'
Term Loan Payable [Member]	'	'
Note 6 - Bank Credit Facilities (Details) - Interest Expense Included in Consolidated Statements of Operations [Line Items]	'	'
Debt Interest Expense	$72,688	'

Note_7_Stockholders_Equity_Det

Note 7 - Stockholders' Equity (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Nov. 08, 2013

Nov. 07, 2013

Jul. 12, 2013

Jul. 30, 2016

Jan. 30, 2014

Jul. 30, 2013

Jul. 12, 2013

Jan. 30, 2013

Jul. 30, 2012

Jan. 30, 2012

Aug. 30, 2011

Mar. 31, 2014

Nov. 07, 2013

Jul. 12, 2013

Jul. 12, 2013

Jul. 12, 2013

Jul. 30, 2010

Mar. 31, 2014

Dec. 31, 2013

Eliminated [Member]

Original Scheduled Liquidation Preference [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Kutula Holdings Ltd [Member]

Common Stock [Member]

Series B Convertible Preferred Stock [Member]

Series B Convertible Preferred Stock [Member]

Series B Convertible Preferred Stock [Member]

Series B Convertible Preferred Stock [Member]

Series B Convertible Preferred Stock [Member]

Series B Convertible Preferred Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Minimum [Member]

Note 7 - Stockholders' Equity (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Redeemed or Called During Period, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

576,000

'

'

407,160

'

'

'

Stock Redeemed or Called During Period, Value (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$18,800,000

'

'

'

Payments for Repurchase of Redeemable Convertible Preferred Stock (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,000,000

'

'

'

Preferred Stock Redeemed Through Issuance of Promissory Note (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,800,000

'

'

'

Temporary Equity, Carrying Amount, Attributable to Parent (in Dollars)

'

'

'

'

25,893,686

40,704,105

'

'

'

'

'

'

'

'

'

'

'

'

15,803,513

'

'

Preferred Stock Redemption Discount, Gross (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,093,686

'

'

'

Payments For Cost Associated With Redemption Of Preferred Stock (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

154,429

'

'

'

Preferred Stock, Shares Authorized

'

'

3,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

Preferred Stock, Shares Issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

Preferred Stock, Shares Outstanding

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

Proceeds from Issuance of Private Placement (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,500,000

'

'

'

'

Stock Issued During Period, Shares, New Issues

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

61,111,109

'

'

'

'

Sale of Stock, Price Per Share (in Dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.09

'

'

'

'

Share Price (in Dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.06

'

'

'

'

Common Stock, Shares, Outstanding

92,267,831

91,342,215

'

'

'

'

'

'

'

'

'

'

'

'

'

15,500,000

'

'

'

'

'

Common Stock, Registration Rights Agreement, Minimum Percent of Shares Required for Registration Statement Filing

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

'

'

'

'

'

'

1,155,700

[1]

1,155,700

[2]

4,745,600

[2]

1,500,000

1,500,000

900,000

600,000

11,557,000

'

'

'

'

'

'

'

Common Stock, Shares Authorized

300,000,000

300,000,000

300,000,000

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Stock, Par or Stated Value Per Share (in Dollars per share)

'

'

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Temporary Equity, Shares Issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

407,160

'

'

Long-term Debt, Current Maturities (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

16,706,685

'

'

Conversion of Stock, Amount Converted (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

17,277,600

'

'

Debt Instrument, Convertible, Beneficial Conversion Feature (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,283,343

'

'

Payments of Stock Issuance Costs (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

190,744

'

'

Preferred Stock Redemption Discount (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$903,172

'

'

[1]

On January 30, 2014, 610,894 shares of common stock were issued upon settlement of vested restricted stock units, and the equivalent of 544,806 shares were retained by the Company in payment of the tax associated with the vesting of restricted stock units previously granted to the reporting persons.

[2]

On November 7, 2013, the Company redeemed 576,000 shares of common stock at a price of $0.38 per share. The redemption was made in payment of the tax associated with the settlement in July 2013 of previously granted restricted stock units.

Note_8_StockBased_Compensation2

Note 8 - Stock-Based Compensation (Details) (USD $)

3 Months Ended

3 Months Ended

0 Months Ended

44 Months Ended

0 Months Ended

44 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Nov. 07, 2013

Mar. 31, 2014

Mar. 31, 2013

Jan. 30, 2014

Jul. 30, 2013

Jul. 12, 2013

Jan. 30, 2013

Jul. 30, 2012

Jan. 30, 2012

Aug. 30, 2011

Mar. 31, 2014

Jan. 30, 2014

Jan. 30, 2014

Jul. 30, 2013

Jan. 30, 2013

Jul. 30, 2012

Jan. 30, 2012

Aug. 30, 2011

Jul. 30, 2010

Nov. 07, 2013

Aug. 30, 2010

Jul. 30, 2010

Mar. 31, 2014

Dec. 31, 2013

Jul. 12, 2013

Mar. 31, 2014

Nov. 07, 2013

Nov. 18, 2010

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Redemption Price Per Share [Member]

Options Issued To Employees And Directors [Member]

Options Issued To Employees And Directors [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Common Stock [Member]

The 2008 Stock Plan [Member]

The 2008 Stock Plan [Member]

The 2008 Stock Plan [Member]

The 2007 Stock Plan [Member]

2007 and 2008 Stock Incentive Plans [Member]

Maximum [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Lonnie Schnell and Larry Dyne [Member]

Lonnie Schnell and Larry Dyne [Member]

Lonnie Schnell and Larry Dyne [Member]

Lonnie Schnell and Larry Dyne [Member]

Lonnie Schnell and Larry Dyne [Member]

Lonnie Schnell and Larry Dyne [Member]

Lonnie Schnell and Larry Dyne [Member]

Note 8 - Stock-Based Compensation (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

4,810,000

2,500,000

2,600,000

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'4 years

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period

'

'

'

463,542

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

277,084

'

'

'

186,458

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Shares Retained in Lieu of Cash

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

148,820

'

Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in Dollars per share)

'

'

'

$0.13

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.11

'

'

'

$0.18

'

Share Based Compensation Arrangement By Share Based Payment Award, Options, Exercise Date, Intrinsic Value, Per Share (in Dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.27

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Shares Retained in Lieu of Cash, Intrinsic Value (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$40,181

'

Proceeds from Stock Options Exercised (in Dollars)

29,709

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

29,709

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value (in Dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.23

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)

'

'

'

73,633

68,325

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

'

'

'

'219 days

'1 year 328 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,778,500

'

'

11,557,000

11,557,000

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

10.00%

10.00%

10.00%

10.00%

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instrument Other Than Options, Grant Date Value (in Dollars)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,263,884

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Shares Deferred In Period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,434,200

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

'

'

'

'

'

1,155,700

[1]

1,155,700

[2]

4,745,600

[2]

1,500,000

1,500,000

900,000

600,000

11,557,000

610,894

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

1,155,700

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in Dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.20

'

'

'

'

'

'

'

Stock Redeemed or Called During Period, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

576,000

'

'

'

'

'

'

'

'

'

'

'

Share Price (in Dollars per share)

'

'

$0.38

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.06

'

'

'

'

'

'

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures, Shares Retained in Payment of Tax

'

'

'

'

'

'

'

'

'

'

'

'

'

544,806

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

On January 30, 2014, 610,894 shares of common stock were issued upon settlement of vested restricted stock units, and the equivalent of 544,806 shares were retained by the Company in payment of the tax associated with the vesting of restricted stock units previously granted to the reporting persons.

[2]

On November 7, 2013, the Company redeemed 576,000 shares of common stock at a price of $0.38 per share. The redemption was made in payment of the tax associated with the settlement in July 2013 of previously granted restricted stock units.

Note_8_StockBased_Compensation3

Note 8 - Stock-Based Compensation (Details) - Stock Options (Options Issued To Employees And Directors [Member], USD $)	3 Months Ended
	Mar. 31, 2014
Options Issued To Employees And Directors [Member]	'
Note 8 - Stock-Based Compensation (Details) - Stock Options [Line Items]	'
Number of Shares Outstanding	6,221,725
Weighted Average Exercise Price Outstanding	$0.19
Exercised	-463,542
Exercised	$0.13
Cancelled	-27,291
Cancelled	$0.11
Number of Shares Outstanding	5,730,892
Weighted Average Exercise Price Outstanding	$0.20

Note_8_StockBased_Compensation4

Note 8 - Stock-Based Compensation (Details) - Summary Upon Settlement of Vested Units and Shares Remaining Under RSU Awards (Restricted Stock Units (RSUs) [Member], USD $)

0 Months Ended

44 Months Ended

Jan. 30, 2014

Jul. 30, 2013

Jul. 12, 2013

Jan. 30, 2013

Jul. 30, 2012

Jan. 30, 2012

Aug. 30, 2011

Jul. 30, 2010

Mar. 31, 2014

Note 8 - Stock-Based Compensation (Details) - Summary Upon Settlement of Vested Units and Shares Remaining Under RSU Awards [Line Items]

'

'

'

'

'

'

'

'

'

Total RSU's awarded

'

'

'

'

'

'

'

11,557,000

11,557,000

Intrinsic value at the time of issuance (in Dollars per share)

$0.25

[1]

$0.25

[2]

$0.06

[2]

$0.04

$0.04

$0.05

$0.10

$0.20

'

Common Stock [Member]

'

'

'

'

'

'

'

'

'

Note 8 - Stock-Based Compensation (Details) - Summary Upon Settlement of Vested Units and Shares Remaining Under RSU Awards [Line Items]

'

'

'

'

'

'

'

'

'

Common shares issued

1,155,700

[1]

1,155,700

[2]

4,745,600

[2]

1,500,000

1,500,000

900,000

600,000

'

11,557,000

[1]

On January 30, 2014, 610,894 shares of common stock were issued upon settlement of vested restricted stock units, and the equivalent of 544,806 shares were retained by the Company in payment of the tax associated with the vesting of restricted stock units previously granted to the reporting persons.

[2]

On November 7, 2013, the Company redeemed 576,000 shares of common stock at a price of $0.38 per share. The redemption was made in payment of the tax associated with the settlement in July 2013 of previously granted restricted stock units.

Note_9_Income_Taxes_Details

Note 9 - Income Taxes (Details) (USD $)	0 Months Ended	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Note 9 - Income Taxes (Details) [Line Items]	'	'	'	'
Income Tax Expense (Benefit)	'	$13,659	($72,248)	'
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	135,177	'	'	'
Income Taxes Receivable	'	178,760	'	176,935
Deferred Tax Liabilities, Net, Noncurrent	'	20,995	'	30,388
Accrued Expenses [Member]	'	'	'	'
Note 9 - Income Taxes (Details) [Line Items]	'	'	'	'
Accrued Income Taxes, Current	'	205,747	'	179,000
Prepaid Expenses and Other Current Assets [Member]	'	'	'	'
Note 9 - Income Taxes (Details) [Line Items]	'	'	'	'
Deferred Tax Assets, Net of Valuation Allowance	'	$6,469,168	'	$6,443,385

Note_11_Segment_Reporting_and_2

Note 11 - Segment Reporting and Geographic Information (Details) - Net Revenues and Operating Margins (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'
Net sales	$11,343,118	$10,139,750
Cost of goods sold	7,608,162	6,963,672
Gross profit (loss)	3,734,956	3,176,078
Operating expenses	-3,592,761	-2,967,201
Income (loss) from operations	142,195	208,877
Talon [Member] | Operating Segments [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Net sales	5,792,035	5,800,526
Cost of goods sold	4,093,423	4,131,434
Gross profit (loss)	1,698,612	1,669,092
Trim [Member] | Operating Segments [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Net sales	5,545,138	4,329,944
Cost of goods sold	3,475,161	2,830,150
Gross profit (loss)	2,069,977	1,499,794
Tekfit [Member] | Operating Segments [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Net sales	5,945	9,280
Cost of goods sold	39,578	2,088
Gross profit (loss)	($33,633)	$7,192

Note_11_Segment_Reporting_and_3

Note 11 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Note 11 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]	'	'
Sales - Geographic Regions	$11,343,118	$10,139,750
Geography Eliminations [Member] | UNITED STATES	'	'
Note 11 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]	'	'
Sales - Geographic Regions	1,179,127	1,082,087
Geography Eliminations [Member] | HONG KONG	'	'
Note 11 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]	'	'
Sales - Geographic Regions	3,120,837	2,508,776
Geography Eliminations [Member] | CHINA	'	'
Note 11 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]	'	'
Sales - Geographic Regions	2,973,919	3,000,051
Geography Eliminations [Member] | INDIA	'	'
Note 11 - Segment Reporting and Geographic Information (Details) - Revenues by Delivery Locations [Line Items]	'	'
Sales - Geographic Regions	$4,069,235	$3,548,836

Note_11_Segment_Reporting_and_4

Note 11 - Segment Reporting and Geographic Information (Details) - Long-Lived Assets by Location (USD $)	Mar. 31, 2014	Dec. 31, 2013
Note 11 - Segment Reporting and Geographic Information (Details) - Long-Lived Assets by Location [Line Items]	'	'
Long-lived assets - geographical	$4,839,134	$4,881,702
Geography Eliminations [Member] | UNITED STATES	'	'
Note 11 - Segment Reporting and Geographic Information (Details) - Long-Lived Assets by Location [Line Items]	'	'
Long-lived assets - geographical	4,501,488	4,514,104
Geography Eliminations [Member] | HONG KONG	'	'
Note 11 - Segment Reporting and Geographic Information (Details) - Long-Lived Assets by Location [Line Items]	'	'
Long-lived assets - geographical	254,542	278,636
Geography Eliminations [Member] | CHINA	'	'
Note 11 - Segment Reporting and Geographic Information (Details) - Long-Lived Assets by Location [Line Items]	'	'
Long-lived assets - geographical	$83,104	$88,962