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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Total revenues $ 23,140 $ 22,872 [1] $ 43,802 $ 39,509 [1]
Cost of revenues 13,983 14,599 26,609 25,015
Gross profit 9,157 8,273 17,193 14,494
Operating expenses:        
Selling, general and administrative 9,009 7,894 18,247 16,579
Depreciation and amortization 616 609 1,225 1,595
Research and development 527 531 1,032 974
Provision for bad debt 42 54 49 137
Other operating expenses 0 0 0 2
Total operating expenses 10,194 9,088 20,553 19,287
Loss from operations (1,037) (815) (3,360) (4,793) [2]
Other income (expense) (195) 293 (271) 189
Interest expense (121) (96) (245) (209)
Loss before taxes (1,353) (618) (3,876) (4,813)
Income tax expense (benefit) 128 (114) 273 (233)
Net loss $ (1,481) $ (504) $ (4,149) $ (4,580)
Basic and diluted weighted average common and common equivalent shares outstanding (in shares) 20,889,052 20,786,081 20,883,800 20,780,074
Basic and diluted (loss) per common share (in dollars per share) $ (0.07) $ (0.02) $ (0.20) $ (0.22)
[1] See note 1, Nature of operations - Revisions, for explanation of change to 2015 revenue amounts.
[2] For the three and six months ended June 30, 2015, $31 thousand and $62 thousand, respectively, of compensation expense included in Selling, General and Administrative expense was reclassified from the Power and Electromechanical segment to the Energy segment to conform with the 2016 presentation.