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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 6,164 $ 5,682 $ 12,137 $ 11,625
Cost of goods sold 4,039 3,205 7,611 6,940
Gross profit 2,125 2,477 4,526 4,685
Operating expenses:        
Selling 631 664 1,310 1,316
General and administrative 988 884 1,916 1,947
Research and development 644 694 1,272 1,387
Total Operating expenses 2,263 2,242 4,498 4,650
Earnings (loss) from operations (138) 235 28 35
Other Expense - net (93) (90) (373) (178)
Change in derivative liability 0 (72) (142) (72)
Earnings (loss) before income taxes (231) 73 (487) (215)
Provision (benefit) for income taxes 0 0 0 0
Net earnings (loss) $ (231) $ 73 $ (487) $ (215)
Basic and diluted net earnings (loss) per share $ (0.03) $ 0.01 $ (0.06) $ (0.03)
Basic weighted averages shares outstanding 8,122 7,029 8,122 6,897
Diluted weighted average shares outstanding 8,122 7,036 8,122 6,897