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CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net Sales $ 7,629 $ 7,224
Cost of goods sold 3,213 3,057
Gross margin 4,416 4,167
Operating expenses:    
Research and development 1,879 1,545
Selling, general and administrative 2,193 1,818
Total operating expenses 4,072 3,363
Operating income 344 804
Non-operating income (expense):    
Interest income 7 8
Gain on sale of assets 0 211
Foreign currency transaction gain (loss) (176) (32)
Total non-operating income (169) 187
Income before income taxes 175 991
Income tax (expense) (45) (12)
Net income $ 130 $ 979
Basic earnings per share $ 0.02 $ 0.12
Diluted earnings per share $ 0.02 $ 0.12
Weighted-average basic shares 8,287 8,031
Weighted-average diluted shares 8,542 8,327