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CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net Sales $ 9,135 $ 5,801 $ 16,359 $ 10,414
Cost of goods sold 3,933 2,713 6,990 4,798
Gross margin 5,202 3,088 9,369 5,616
Operating expenses:        
Research and development 1,771 1,172 3,316 2,297
Selling, general and administrative 2,163 1,525 3,981 3,103
Total operating expenses 3,934 2,697 7,297 5,400
Operating income 1,268 391 2,072 216
Non-operating income (expense):        
Interest income 6 11 13 23
Gain on sale of assets 80 0 291 0
Foreign currency transaction gain (loss) (62) 49 (92) 45
Total non-operating income 24 60 212 68
Income before income taxes 1,292 451 2,284 284
Income tax (expense) (86) (7) (99) (8)
Net income $ 1,206 $ 444 $ 2,185 $ 276
Basic earnings per share $ 0.15 $ 0.06 $ 0.27 $ 0.03
Diluted earnings per share $ 0.14 $ 0.06 $ 0.26 $ 0.03
Weighted-average basic shares 8,104 7,942 8,067 7,944
Weighted-average diluted shares 8,408 8,039 8,367 8,033