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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 15,977 $ 13,902 $ 49,456 $ 39,401
Cost of goods sold 8,976 8,206 27,588 23,332
Gross profit (7,001) (5,696) (21,868) (16,069)
Advertising and marketing 1,093 1,275 3,647 3,359
Selling, general and administrative 2,645 1,897 7,681 5,399
Advertising and marketing 1,093 1,275 3,647 3,359
Merger and acquisition related 59 32 217 1,519
Depreciation and amortization 22 22 85 64
Total operating expense 3,819 3,226 11,630 10,341
OPERATING INCOME 3,182 2,470 10,238 5,728
OTHER EXPENSE (INCOME)        
Interest income (19) (119) (41) (269)
Interest expense 326 249 1,085 598
Foreign exchange (gain) loss (21) 210 (26) 93
Total other expense, net 286 340 1,018 422
INCOME BEFORE INCOME TAX PROVISION 2,896 2,130 9,220 5,306
PROVISION FOR INCOME TAXES 770 434 2,306 1,490
NET INCOME $ 2,126 $ 1,696 $ 6,914 $ 3,816
Diluted (in dollars per share) $ 0.43 $ 0.35 $ 1.4 $ 0.78
Basic (in dollars per share) $ 0.46 $ 0.38 $ 1.5 $ 0.86
Basic weighted average common shares (in shares) 4,598 4,446 4,598 4,458
Diluted weighted average common shares (in shares) 4,965 4,891 4,943 4,901
NET INCOME $ 2,126 $ 1,696 $ 6,914 $ 3,816
Foreign currency translation adjustment 35 (318) (136) (49)
Comprehensive income $ 2,161 $ 1,378 $ 6,778 $ 3,767