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Note 1. Nature of the Business
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6 Months Ended |
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Jul. 01, 2012
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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
Company has a manufacturing relationship with Alco
Electronics Ltd. (“Alco”), a Hong
Kong-headquartered, publicly-traded company with large scale
manufacturing operations in China. 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.
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 January
1, 2012, (“Form 10-K”) filed with the Securities
and Exchange Commission (the “SEC”) on March 8,
2012, 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 January 1,
2012.
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