Income Statement

v3.8.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net sales $ 29,870 $ 28,010
Cost of goods sold 25,928 23,650
Gross profit 3,942 4,360
Research and development costs 471 537
Selling, general and administrative expense 3,407 2,713
Operating income 64 1,110
Other income (expense)    
Interest expense (458) (878)
Other income (expense) 6  
Total other expense (452) (878)
(Loss) income before taxes (388) 232
Income tax benefit (81) 0
Net (loss) income $ (307) $ 232
(Loss) earnings per share:    
Basic net (loss) income per share $ (0.03) $ 0.03
Diluted net (loss) income per share $ (0.03) $ 0.03
Weighted average common shares outstanding:    
Basic weighted average common shares outstanding 9,816 8,000
Diluted weighted average common shares outstanding 9,816 8,000
Pro forma (C corporation basis):    
Pro forma tax expense   $ 84
Pro forma net income   $ 148
Pro forma earnings per share:    
Basic net income per share   $ 0.02
Diluted net income per share   $ 0.02

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