TJT Inc. reported unaudited earnings results for the second quarter and six months ended March 31, 2012. For the quarter, the company reported total sales of $991,000 against $1,312,000 a year ago. Operating loss was $338,000 against $218,000 a year ago. Net loss was $286,000 or $0.06 per basic and diluted share against $296,000 or $0.07 per basic and diluted share a year ago. Net sales decreased 24% in the three month period ending March 31, 2012 as compared to the same period a year ago. Net sales of axles and tires decreased 38% quarter over quarter, while sales of accessories decreased 14%. Improvements to net loss in the quarter reflects that the 2011 net loss includes an impairment loss on real estate held for sale of $88,000, offset by $30,000 of income related to the Company selling its interest in Ladder Lift Systems, L.L.C. For the six months, the company reported total sales of $2,303,000 against $2,661,000 a year ago. Operating loss was $698,000 against $549,000 a year ago. Net loss was $615,000 or $0.14 per basic and diluted share against $582,000 or $0.13 per basic and diluted share a year ago. Net cash used by operating activities was $368,000 against $183,000 a year ago. Purchases of property, plant and equipment was $478,000 against $15,000 a year ago. Net sales are down 13% for the six month period ending March 31, 2012 as compared to the same period in 2011. Net sales of axles and tires decreased 19% in the first six months of 2012 compared to 2011; net sales for accessories and siding decreased 14% in that same time period. The increase in the year-to-date net loss compared to that of the same period in fiscal 2011 was driven primarily by increased administrative expenses, start-up costs associated with the new North Dakota facility, and corporate office relocation expenses.