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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Net sales $ 438,000 $ 344,000 $ 1,282,000 $ 1,131,000
Interest income 544,000 52,000 1,017,000 57,000
Investment (loss) income (4,000) (2,121,000) 384,000 (4,449,000)
Total revenues, net of investment (loss) income 978,000 (1,725,000) 2,683,000 (3,261,000)
Expenses:        
Manufacturing cost of sales 195,000 203,000 595,000 672,000
Engineering, selling and administrative 584,000 667,000 1,799,000 2,310,000
Total Expenses 779,000 870,000 2,394,000 2,982,000
Income (loss) from continuing operations before income taxes 199,000 (2,595,000) 289,000 (6,243,000)
Income tax expense (benefit) 69,000 (648,000) 132,000 (1,402,000)
Net income (loss) from continuing operations 130,000 (1,947,000) 157,000 (4,841,000)
Income from discontinued operations, net of tax 0 488,000 0 1,753,000
Net income (loss) 130,000 (1,459,000) 157,000 (3,088,000)
Less: net income attributable to non-controlling interests 22,000 0 22,000 0
Net income (loss) attributable to LGL Group $ 108,000 $ (1,459,000) $ 135,000 $ (3,088,000)
Net Income (Loss) per Basic Share:        
Continuing operations (in dollars per share) $ 0.02 $ (0.36) $ 0.03 $ (0.91)
Discontinued operations (in dollars per share) 0 0.09 0 0.32
Total Net Income (Loss) per Basic Share (in dollars per share) 0.02 (0.27) 0.03 (0.58)
Net Income (Loss) per Diluted Share:        
Continuing operations (in dollars per share) 0.02 (0.36) 0.03 (0.91)
Discontinued operations (in dollars per share) 0 0.09 0 0.32
Total Net Income (Loss) per Diluted Share (in dollars per share) $ 0.02 $ (0.27) $ 0.03 $ (0.58)
Weighted average shares outstanding:        
Basic (in shares) 5,352,937 5,346,043 5,352,937 5,334,774
Dilutive (in shares) 5,355,006 5,346,043 5,352,937 5,334,774