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Note 1 - Nature of the Business
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3 Months Ended |
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Mar. 31, 2013
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| Business Description and Basis of Presentation [Text Block] |
1.
Nature
of the business
SMTC
Corporation (the “Company”) is a worldwide
provider of advanced electronics manufacturing services to
original equipment manufacturers. The Company services its
customers through manufacturing and technology centers
located in the United States, Canada, Mexico and China. The
Canada facility is expected to be closed in the second
quarter of 2013. All facilities provide a full suite of
integrated manufacturing services including assembly,
testing, box build, final product integration, and expanded
supply chain capabilities. In addition, the Company operates
an international sourcing and procurement office in Hong
Kong.
The
unaudited interim consolidated financial statements of the
Company have been prepared in accordance with the accounting
principles and methods of application disclosed in the
audited consolidated financial statements within the
Company’s Form 10-K for the fiscal period ended
December 30, 2012, (“Form 10-K”) filed with the
Securities and Exchange Commission (the “SEC”) on
March 27, 2013, except as described in Note 2. The
accompanying unaudited interim consolidated financial
statements include adjustments of a normal, recurring nature
that are, in the opinion of management, necessary for a fair
presentation under generally accepted accounting principles
in the United States (“U.S. GAAP”). These
unaudited interim consolidated financial statements should be
read in conjunction with the Company’s audited
consolidated financial statements for the period ended
December 30, 2012.
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