v3.19.1
Condensed Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Net sales $ 27,338,000 $ 29,870,000
Cost of goods sold 23,903,000 25,928,000
Gross profit 3,435,000 3,942,000
Research and development costs 493,000 471,000
Selling, general and administrative expense 3,136,000 3,407,000
Operating (loss) income (194,000) 64,000
Other income (expense)    
Interest expense (551,000) (458,000)
Other income (expense) 8,000 6,000
Total other expense (543,000) (452,000)
Loss before income taxes (737,000) (388,000)
Income tax expense (benefit) 0 (81,000)
Net loss $ (737,000) $ (307,000)
Earnings per share:    
Basic net loss per share of common stock $ (0.07) $ (0.03)
Diluted net loss per share of common stock $ (0.07) $ (0.03)
Weighted average common shares outstanding:    
Basic weighted average common shares outstanding 9,863 9,816
Diluted weighted average common shares outstanding 9,863 9,816

Source