Income Statement

v3.8.0.1
Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Net sales $ 123,340 $ 103,803
Cost of goods sold 104,698 87,417
Gross profit 18,642 16,386
Research and development costs 2,070 1,999
Selling, general and administrative expense 11,450 8,377
Operating income 5,122 6,010
Other income (expense)    
Interest expense (3,034) (4,963)
Loss on debt extinguishment (989) (2,196)
Loss on sale of assets (57) (24)
Other income 2  
Total other expense (4,021) (7,183)
Income (loss) before taxes 1,101 (1,173)
Income tax benefit (608)  
Net income (loss) $ 1,709 $ (1,173)
Earnings per share:    
Basic net income (loss) per share $ 0.19 $ (0.15)
Diluted net income (loss) per share $ 0.19 $ (0.15)
Weighted average common shares outstanding:    
Basic weighted average common shares outstanding 9,125 8,000
Diluted weighted average common shares outstanding 9,125 8,000
Pro forma (C corporation basis):    
Pro forma tax (benefit)   $ (422)
Pro forma net income (loss)   $ (751)
Pro forma earnings per share:    
Basic net income per share   $ (0.09)
Diluted net income per share   $ (0.09)

Source