v3.19.2
Condensed Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 36,018,000 $ 31,860,000 $ 63,356,000 $ 61,729,000
Cost of goods sold 31,435,000 27,603,000 55,338,000 53,531,000
Gross profit 4,583,000 4,257,000 8,018,000 8,198,000
Research and development costs 523,000 451,000 1,015,000 922,000
Selling, general and administrative expense 3,713,000 2,934,000 6,849,000 6,341,000
Operating income 347,000 872,000 154,000 935,000
Other income (expense)        
Interest expense (570,000) (464,000) (1,122,000) (922,000)
Other income     8,000 7,000
Total other expense (570,000) (464,000) (1,114,000) (915,000)
(Loss) Income before income taxes (223,000) 408,000 (960,000) 20,000
Income tax expense (benefit) 0 89,000   8,000
Net (loss) income $ (223,000) $ 319,000 $ (960,000) $ 12,000
Earnings per share:        
Basic net (loss) income per share of common stock $ (0.02) $ 0.03 $ (0.10) $ 0.00
Diluted net (loss) income per share of common stock $ (0.02) $ 0.03 $ (0.10) $ 0.00
Weighted average common shares outstanding:        
Basic weighted average common shares outstanding 9,901 9,823 9,882 9,820
Diluted weighted average common shares outstanding 9,901 9,823 9,882 9,820

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