date:Jan 16, 2014
es as a result of improved operations in fiscal year 2012 versus fiscal year 2011.
Operating income for the fiscal year 2012 fourth quarter was $458,000, compared to $843,000 in the fourth quarter of the previous fiscal year. Fourth quarter 2012 operating income was lower than the prior year due primarily to $125,000 operating loss on the Sheldon Ranch leases and increased selling, general and administrative expenses. The Sheldon Ranch leases are comprised of six operating leases for approximat