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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, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 5,834 $ 7,204 $ 11,892 $ 14,834
Cost of goods sold 2,250 2,955 4,623 6,169
Gross margin 3,584 4,249 7,269 8,665
Operating expenses:        
Research and development 1,680 1,845 3,361 3,724
Selling, general and administrative 1,829 2,158 3,803 4,351
Total operating expenses 3,509 4,003 7,164 8,075
Operating income 75 246 105 590
Non-operating income:        
Interest income 10 9 22 16
Gain on sale of assets 0 4 60 4
Foreign currency transaction gain (loss) 69 269 (36) 93
Total non-operating income 79 282 46 113
Income before income taxes 154 528 151 703
Income tax (expense) benefit (27) (42) 2 (87)
Net income $ 127 $ 486 $ 153 $ 616
Basic earnings per share $ 0.02 $ 0.06 $ 0.02 $ 0.07
Diluted earnings per share $ 0.02 $ 0.06 $ 0.02 $ 0.07
Weighted-average basic shares 8,257 8,356 8,280 8,321
Weighted-average diluted shares 8,332 8,500 8,375 8,521