Lendway (LDWY) 10-Q 1 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 29, 2014
Document and Entity Information	'	'
Entity Registrant Name	'INSIGNIA SYSTEMS INC/MN	'
Entity Central Index Key	'0000875355	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	12,887,397
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash and cash equivalents	$20,330,000	$21,763,000
Accounts receivable, net	5,460,000	4,287,000
Inventories	407,000	307,000
Deferred tax assets	171,000	171,000
Income tax receivable	12,000	11,000
Prepaid expenses and other	294,000	324,000
Total Current Assets	26,674,000	26,863,000
Other Assets:	'	'
Property and equipment, net	1,682,000	1,753,000
Other, net	3,135,000	2,956,000
Total Assets	31,491,000	31,572,000
Current Liabilities:	'	'
Accounts payable	2,695,000	2,636,000
Accrued liabilities	1,052,000	1,741,000
Income tax payable	141,000	22,000
Deferred revenue	395,000	261,000
Total Current Liabilities	4,283,000	4,660,000
Long-Term Liabilities:	'	'
Deferred tax liabilities	284,000	284,000
Accrued income taxes	458,000	458,000
Total Long-Term Liabilities	742,000	742,000
Commitments and Contingencies	'	'
Shareholders' Equity:	'	'
Common stock, par value $.01: Authorized shares - 40,000,000 Issued and outstanding shares - 12,879,000 at March 31, 2014 and 12,782,000 at December 31, 2013	129,000	128,000
Additional paid-in capital	21,162,000	20,982,000
Retained earnings	5,175,000	5,060,000
Total Shareholders' Equity	26,466,000	26,170,000
Total Liabilities and Shareholders' Equity	$31,491,000	$31,572,000

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
CONDENSED BALANCE SHEETS	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	12,879,000	12,782,000
Common stock, shares outstanding	12,879,000	12,782,000

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
STATEMENTS OF OPERATIONS	'	'
Services revenues	$5,951,000	$6,967,000
Products revenues	452,000	429,000
Total Net Sales	6,403,000	7,396,000
Cost of services	3,415,000	3,571,000
Cost of goods sold	305,000	289,000
Total Cost of Sales	3,720,000	3,860,000
Gross Profit	2,683,000	3,536,000
Operating Expenses:	'	'
Selling	1,351,000	1,395,000
Marketing	235,000	209,000
General and administrative	930,000	956,000
Total Operating Expenses	2,516,000	2,560,000
Operating Income	167,000	976,000
Other income	6,000	7,000
Income Before Taxes	173,000	983,000
Income tax expense	58,000	563,000
Net Income	$115,000	$420,000
Net income per share:	'	'
Basic	$0.01	$0.03
Diluted	$0.01	$0.03
Shares used in calculation of net income per share:	'	'
Basic	12,853,000	13,654,000
Diluted	13,091,000	13,684,000

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Activities:	'	'
Net income	$115,000	$420,000
Adjustments to reconcile net income to net cash used in operating activities:	'	'
Depreciation and amortization	266,000	274,000
Stock-based compensation	36,000	77,000
Gain on sale of property and equipment	'	-12,000
Changes in operating assets and liabilities:	'	'
Accounts receivable	-1,173,000	-2,338,000
Inventories	-100,000	-15,000
Income tax receivable	-1,000	-28,000
Prepaid expenses and other	-10,000	92,000
Accounts payable	-3,000	496,000
Accrued liabilities	-689,000	-770,000
Income tax payable	119,000	563,000
Deferred revenue	134,000	347,000
Net cash used in operating activities	-1,306,000	-894,000
Investing Activities:	'	'
Purchases of property and equipment	-84,000	-16,000
Proceeds from sale of property and equipment	'	13,000
Acquisition of selling rights	-188,000	'
Net cash used in investing activities	-272,000	-3,000
Financing Activities:	'	'
Proceeds from issuance of common stock	145,000	87,000
Net cash provided by financing activities	145,000	87,000
Decrease in cash and cash equivalents	-1,433,000	-810,000
Cash and cash equivalents at beginning of period	21,763,000	20,271,000
Cash and cash equivalents at end of period	20,330,000	19,461,000
Supplemental disclosures for cash flow information:	'	'
Cash paid during the period for income taxes	22,000	30,000
Non-cash investing activities:	'	'
Acquisition of selling rights in accounts payable	$62,000	'

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Summary of Significant Accounting Policies	'
Summary of Significant Accounting Policies	'
	1.              Summary of Significant Accounting Policies.
	Description of Business. Insignia Systems, Inc. (the “Company”) markets in-store advertising products, programs and services to consumer packaged goods manufacturers and retailers. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store advertising program, thermal sign card supplies for the Company’s Impulse Retail systems, laser printable cardstock and label supplies.
	Basis of Presentation. Financial statements for the interim periods included herein are unaudited; however, they contain all adjustments, including normal recurring accruals, which in the opinion of management, are necessary to present fairly the financial position of the Company at March 31, 2014, its results of operations for the three months ended March 31, 2014 and 2013, and its cash flows for the three months ended March 31, 2014 and 2013. Results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year.
	The financial statements do not include certain footnote disclosures and financial information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America and, therefore, should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	The Summary of Significant Accounting Policies in the Company’s 2013 Annual Report on Form 10-K describes the Company’s accounting policies.
	Inventories. Inventories are primarily comprised of parts and supplies for Impulse Retail systems, sign cards, and rollstock.  Inventory is valued at the lower of cost or market using the first-in, first-out (FIFO) method, and consists of the following:
		March 31,			December 31,
		2014			2013
	Raw materials	$	103,000		$	71,000
	Work-in-process	19,000			12,000
	Finished goods	285,000			224,000
		$	407,000		$	307,000
	Property and Equipment. Property and equipment consists of the following:
		March 31,			December 31,
		2014			2013
	Property and Equipment:
	Production tooling, machinery and equipment	$	3,908,000		$	3,826,000
	Office furniture and fixtures	260,000			260,000
	Computer equipment and software	913,000			896,000
	Web site	65,000			65,000
	Leasehold improvements	616,000			616,000
	Construction in-progress	19,000			34,000
		5,781,000			5,697,000
	Accumulated depreciation and amortization	(4,099,000		)	(3,944,000		)
	Net Property and Equipment	$	1,682,000		$	1,753,000
	Depreciation expense was approximately $155,000 and $174,000 in the three months ended March 31, 2014 and 2013, respectively.
	Stock-Based Compensation. The Company measures and recognizes compensation expense for all stock-based awards at fair value using the Black-Scholes option pricing model to determine the weighted average fair value of options and employee stock purchase plan rights. The Company recognizes stock-based compensation expense on a straight-line method over the requisite service period of the award.
	During the three months ended March 31, 2014 and 2013, no stock option awards were granted by the Company. The Company estimated the fair value of stock-based rights granted during the three months ended March 31, 2014 under the employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 year, expected volatility of 50%, dividend yield of 0% and risk-free interest rate of 0.13%. The total fair value of stock-based rights granted under the employee stock purchase plan during the three months ended March 31, 2014 and 2013 was approximately $10,000 and $11,000, respectively. Total stock-based compensation expense recorded for the three months ended March 31, 2014 and 2013, was $36,000 and $77,000, respectively.
	During the three months ended March 31, 2014, there were 49,670 stock stock options exercised, for which the Company received proceeds of $62,000. During the three months ended March 31, 2013, there were 6,666 stock options exercised, for which the Company received proceeds of $13,000.
	Net Income per Share. Basic net income per share is computed by dividing net income by the weighted average shares outstanding and excludes any potential dilutive effects of stock options. Diluted net income per share gives effect to all diluted potential common shares outstanding during the period.
	Options to purchase approximately 459,000 shares of common stock with a weighted average exercise price of $4.36 were outstanding at March 31, 2014 and were not included in the computation of common stock equivalents for the three months ended March 31, 2014 because their exercise prices were higher than the average fair market value of the common shares during the reporting period. Options to purchase approximately 1,322,000 shares of common stock with a weighted average exercise price of $3.45 were outstanding at March 31, 2013 and were not included in the computation of common stock equivalents for the three months ended March 31, 2013 because their exercise prices were higher than the average fair market value of the common shares during the reporting period.
	Weighted average common shares outstanding for the three months ended March 31, 2014 and 2013 were as follows:
	Three months ended March 31	2014		2013
	Denominator for basic net income per share - weighted average shares	12,853,000		13,654,000
	Effect of dilutive securities:
	Stock options	238,000		30,000
	Denominator for diluted net income per share - weighted average shares	13,091,000		13,684,000

Selling_Arrangement

Selling Arrangement	3 Months Ended
	Mar. 31, 2014
Selling Arrangement	'
Selling Arrangement	'
	2.              Selling Arrangement.  In February 2011, the Company paid News America Marketing In-Store, LLC (“News America”) $4,000,000 in exchange for a 10-year arrangement to sell signs with price into News America’s network of retailers as News America’s exclusive agent. The $4,000,000 is being amortized on a straight-line basis over the 10-year term of the arrangement. Amortization expense, which was $100,000 in each of the three months ended March 31, 2014 and 2013 and is expected to be $400,000 per year over the next five years, is recorded within Cost of Services in the Company’s Statements of Operations. The net carrying amount of the selling arrangement is recorded within Other Assets on the Company’s Condensed Balance Sheets.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Taxes	'
Income Taxes	'
	3.              Income Taxes.  For the three months ended March 31, 2014, the Company recorded income tax expense of $58,000, or 33.5% of income before taxes. For the three months ended March 31, 2013, the Company recorded income tax expense of $563,000, or 57.3% of income before taxes. The decrease in the effective tax rate during the three months ended March 31, 2014 is primarily the result of the tax benefit of disqualifying dispositions of stock options, which decreased the effective tax rate for the three months ended March 31, 2014 by 7.2%. The income tax provision for the three months ended March 31, 2014 and 2013 is comprised of federal and state taxes. The primary differences between the Company’s March 31, 2014 and 2013 effective tax rates and the statutory federal rate are expenses related to stock-based compensation and nondeductible meals and entertainment.
	As of March 31, 2014 and December 31, 2013, the Company has unrecognized tax benefits totaling $458,000, including interest, which relates to state nexus issues. The amount of the unrecognized tax benefits, if recognized, that would affect the effective income tax rates of future periods is $458,000. Due to the current statute of limitations regarding the unrecognized tax benefits, the unrecognized tax benefits and associated interest is not expected to change significantly in 2014.

Concentrations

Concentrations	3 Months Ended
	Mar. 31, 2014
Concentrations	'
Concentrations	'
	4.              Concentrations.  During the three months ended March 31, 2014, two customers accounted for 31% and 15% of the Company’s total net sales. During the three months ended March 31, 2013, two customers accounted for 29% and 13% of the Company’s total net sales. At March 31, 2014, three customers accounted for 34%, 13% and 13% of the Company’s total accounts receivable. At December 31, 2013, two customers accounted for 47% and 14% of the Company’s total accounts receivable.
	Although there are a number of customers that the Company sells to, the loss of a major customer could adversely affect operating results. Additionally, the loss of a major retailer from the Company’s retail network could adversely affect operating results.

Retail_Access_and_Distribution

Retail Access and Distribution Agreement	3 Months Ended
	Mar. 31, 2014
Retail Access and Distribution Agreement	'
Retail Access and Distribution Agreement	'
	5.              Retail Access and Distribution Agreement.  On February 21, 2014, the Company and Valassis Sales and Marketing Services, Inc. (“Valassis”) signed the Retail Access and Distribution Agreement (the “New Valassis Agreement”) that replaced all prior agreements. As a result of this new agreement, which was to be in effect through December 31, 2017, among other things, Valassis was no longer a reseller of the Company’s POPSign and the Company regained access to all consumer packaged goods manufacturers for the sale of POPSigns, in exchange for total consideration of $500,000 to be paid by the Company in 2014.
	On March 24, 2014, the Company received notice of termination from Valassis of the New Valassis Agreement which was terminated in accordance with its provisions for termination for either party’s convenience.
	The amount due to Valassis related to the Company regaining selling rights is being amortized over the original term of the New Valassis Agreement, which is approximately four years. The Company paid Valassis $188,000 related to the acquisition of these selling rights during the three months ended March 31, 2014. The termination will be effective on August 11, 2014, and all other material aspects of the agreement will remain in effect until that date and the Company will continue to have access to all consumer packaged goods manufacturers for the sale of POPS signs as noted above. We are currently focused on maximizing opportunities available to us as a result of this termination to minimize whatever financial impact may result from it, and potentially have a positive impact on the Company.

Shareholders_Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2014
Shareholders' Equity	'
Shareholders' Equity	'
	6.              Shareholders’ Equity. On December 3, 2013, the Board of Directors authorized the repurchase of up to $5,000,000 of the Company’s common stock on or before December 3, 2015. The plan allows the repurchases to be made in open market or privately negotiated transactions. For the three months ended March 31, 2014, the Company made no repurchases.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Summary of Significant Accounting Policies	'
Description of Business	'
	Description of Business. Insignia Systems, Inc. (the “Company”) markets in-store advertising products, programs and services to consumer packaged goods manufacturers and retailers. The Company’s products include the Insignia Point-of-Purchase Services (POPS) in-store advertising program, thermal sign card supplies for the Company’s Impulse Retail systems, laser printable cardstock and label supplies.
Basis of Presentation	'
	Basis of Presentation. Financial statements for the interim periods included herein are unaudited; however, they contain all adjustments, including normal recurring accruals, which in the opinion of management, are necessary to present fairly the financial position of the Company at March 31, 2014, its results of operations for the three months ended March 31, 2014 and 2013, and its cash flows for the three months ended March 31, 2014 and 2013. Results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year.
	The financial statements do not include certain footnote disclosures and financial information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America and, therefore, should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	The Summary of Significant Accounting Policies in the Company’s 2013 Annual Report on Form 10-K describes the Company’s accounting policies.
Inventories	'
	Inventories. Inventories are primarily comprised of parts and supplies for Impulse Retail systems, sign cards, and rollstock.  Inventory is valued at the lower of cost or market using the first-in, first-out (FIFO) method, and consists of the following:
		March 31,			December 31,
		2014			2013
	Raw materials	$	103,000		$	71,000
	Work-in-process	19,000			12,000
	Finished goods	285,000			224,000
		$	407,000		$	307,000
Property and Equipment	'
	Property and Equipment. Property and equipment consists of the following:
		March 31,			December 31,
		2014			2013
	Property and Equipment:
	Production tooling, machinery and equipment	$	3,908,000		$	3,826,000
	Office furniture and fixtures	260,000			260,000
	Computer equipment and software	913,000			896,000
	Web site	65,000			65,000
	Leasehold improvements	616,000			616,000
	Construction in-progress	19,000			34,000
		5,781,000			5,697,000
	Accumulated depreciation and amortization	(4,099,000		)	(3,944,000		)
	Net Property and Equipment	$	1,682,000		$	1,753,000
	Depreciation expense was approximately $155,000 and $174,000 in the three months ended March 31, 2014 and 2013, respectively.
Stock-Based Compensation	'
	Stock-Based Compensation. The Company measures and recognizes compensation expense for all stock-based awards at fair value using the Black-Scholes option pricing model to determine the weighted average fair value of options and employee stock purchase plan rights. The Company recognizes stock-based compensation expense on a straight-line method over the requisite service period of the award.
	During the three months ended March 31, 2014 and 2013, no stock option awards were granted by the Company. The Company estimated the fair value of stock-based rights granted during the three months ended March 31, 2014 under the employee stock purchase plan using the following weighted average assumptions: expected life of 1.0 year, expected volatility of 50%, dividend yield of 0% and risk-free interest rate of 0.13%. The total fair value of stock-based rights granted under the employee stock purchase plan during the three months ended March 31, 2014 and 2013 was approximately $10,000 and $11,000, respectively. Total stock-based compensation expense recorded for the three months ended March 31, 2014 and 2013, was $36,000 and $77,000, respectively.
	During the three months ended March 31, 2014, there were 49,670 stock stock options exercised, for which the Company received proceeds of $62,000. During the three months ended March 31, 2013, there were 6,666 stock options exercised, for which the Company received proceeds of $13,000.
Net Income per Share	'
	Net Income per Share. Basic net income per share is computed by dividing net income by the weighted average shares outstanding and excludes any potential dilutive effects of stock options. Diluted net income per share gives effect to all diluted potential common shares outstanding during the period.
	Options to purchase approximately 459,000 shares of common stock with a weighted average exercise price of $4.36 were outstanding at March 31, 2014 and were not included in the computation of common stock equivalents for the three months ended March 31, 2014 because their exercise prices were higher than the average fair market value of the common shares during the reporting period. Options to purchase approximately 1,322,000 shares of common stock with a weighted average exercise price of $3.45 were outstanding at March 31, 2013 and were not included in the computation of common stock equivalents for the three months ended March 31, 2013 because their exercise prices were higher than the average fair market value of the common shares during the reporting period.
	Weighted average common shares outstanding for the three months ended March 31, 2014 and 2013 were as follows:
	Three months ended March 31	2014		2013
	Denominator for basic net income per share - weighted average shares	12,853,000		13,654,000
	Effect of dilutive securities:
	Stock options	238,000		30,000
	Denominator for diluted net income per share - weighted average shares	13,091,000		13,684,000

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2014
Summary of Significant Accounting Policies	'
Schedule Of Inventories	'
		March 31,			December 31,
		2014			2013
	Raw materials	$	103,000		$	71,000
	Work-in-process	19,000			12,000
	Finished goods	285,000			224,000
		$	407,000		$	307,000
Schedule Of property and equipment	'
		March 31,			December 31,
		2014			2013
	Property and Equipment:
	Production tooling, machinery and equipment	$	3,908,000		$	3,826,000
	Office furniture and fixtures	260,000			260,000
	Computer equipment and software	913,000			896,000
	Web site	65,000			65,000
	Leasehold improvements	616,000			616,000
	Construction in-progress	19,000			34,000
		5,781,000			5,697,000
	Accumulated depreciation and amortization	(4,099,000		)	(3,944,000		)
	Net Property and Equipment	$	1,682,000		$	1,753,000
Schedule Of Weighted Average Common Shares Outstanding	'
	Three months ended March 31	2014		2013
	Denominator for basic net income per share - weighted average shares	12,853,000		13,654,000
	Effect of dilutive securities:
	Stock options	238,000		30,000
	Denominator for diluted net income per share - weighted average shares	13,091,000		13,684,000

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Inventories	'	'
Raw materials	$103,000	$71,000
Work-in-process	19,000	12,000
Finished goods	285,000	224,000
Inventories	$407,000	$307,000

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Property and Equipment	'	'	'
Gross Property and Equipment	$5,781,000	'	$5,697,000
Accumulated depreciation and amortization	-4,099,000	'	-3,944,000
Net Property and Equipment	1,682,000	'	1,753,000
Depreciation expense	155,000	174,000	'
Production tooling, machinery and equipment	'	'	'
Property and Equipment	'	'	'
Gross Property and Equipment	3,908,000	'	3,826,000
Office furniture and fixtures	'	'	'
Property and Equipment	'	'	'
Gross Property and Equipment	260,000	'	260,000
Computer equipment and software	'	'	'
Property and Equipment	'	'	'
Gross Property and Equipment	913,000	'	896,000
Web site	'	'	'
Property and Equipment	'	'	'
Gross Property and Equipment	65,000	'	65,000
Leasehold improvements	'	'	'
Property and Equipment	'	'	'
Gross Property and Equipment	616,000	'	616,000
Construction in-progress	'	'	'
Property and Equipment	'	'	'
Gross Property and Equipment	$19,000	'	$34,000

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details 3) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Weighted average assumptions	'	'
Total stock-based compensation expense	$36,000	$77,000
Stock Options	'	'
Stock-Based Compensation	'	'
Awards granted	0	0
Weighted average assumptions	'	'
Total option exercises	49,670	6,666
Proceeds from option exercises	62,000	13,000
Employee stock purchase plan	'	'
Weighted average assumptions	'	'
Expected life	'1 year	'
Expected volatility	50.00%	'
Dividend yield	0.00%	'
Risk-free interest rate	0.13%	'
Total fair value of stock-based rights granted	$10,000	$11,000

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Details 4) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net Income per Share	'	'
Denominator for basic net income per share - weighted average shares	12,853,000	13,654,000
Effect of dilutive securities: Stock options	238,000	30,000
Denominator for diluted net income per share - weighted average shares	13,091,000	13,684,000
Options	'	'
Net Income per Share	'	'
Options not included in computation because they were anti-dilutive	459,000	1,322,000
Weighted average exercise of price of options outstanding that were anti-dilutive	4.36	3.45

Selling_Arrangement_Details

Selling Arrangement (Details) (USD $)	1 Months Ended	3 Months Ended
	Feb. 28, 2011	Mar. 31, 2014	Mar. 31, 2013
Selling Arrangement	'	'	'
Payment for arrangement to sell signs	'	$188,000	'
Selling Agreement	'	'	'
Selling Arrangement	'	'	'
Payment for arrangement to sell signs	4,000,000	'	'
Term of arrangement	'10 years	'	'
Amortization expense	'	100,000	100,000
2014	'	400,000	'
2015	'	400,000	'
2016	'	400,000	'
2017	'	400,000	'
2018	'	$400,000	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Income Taxes	'	'	'
Income tax expense	$58,000	$563,000	'
Income tax rate, percentage	33.50%	57.30%	'
Decrease in effective tax rate as result of tax benefit of disqualifying disposition of stock options	7.20%	'	'
Unrecognized tax benefits	458,000	'	458,000
Unrecognized tax benefits, if recognized, that would affect the effective income tax rates of future periods	$458,000	'	'

Concentrations_Details

Concentrations (Details)

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Net sales

Net sales

Net sales

Net sales

Net sales

Net sales

Accounts receivable

Accounts receivable

Accounts receivable

Accounts receivable

Accounts receivable

Accounts receivable

Accounts receivable

item

item

Customer one

Customer one

Customer two

Customer two

item

item

Customer one

Customer one

Customer two

Customer two

Customer three

Concentration Risk

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of customers

2

2

'

'

'

'

3

2

'

'

'

'

'

Customer's percentage of net sales

'

'

31.00%

29.00%

15.00%

13.00%

'

'

34.00%

47.00%

13.00%

14.00%

13.00%

Retail_Access_and_Distribution1

Retail Access and Distribution Agreement (Details) (Valassis, USD $)	3 Months Ended		1 Months Ended
	Mar. 31, 2014	Feb. 21, 2014	Apr. 30, 2014
			Forecast
Retail access and distribution agreement	'	'	'
Payment made for marketing and service agreement	$188,000	'	'
Marketing and service agreement amortization period	'	'	'4 years
Total consideration to be paid for marketing and service agreement	'	$500,000	'

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	0 Months Ended	3 Months Ended
	Dec. 03, 2013	Mar. 31, 2014
Stock Repurchase Plans	'	'
Repurchase of common stock, authorized	$5,000,000	'
Repurchase of common stock, shares	'	0