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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 26,362 $ 30,058 $ 80,263 $ 85,515
Cost of Goods Sold 24,716 26,423 73,171 76,594
Gross Profit 1,646 3,635 7,092 8,921
Operating Expenses        
Selling Expenses 594 589 1,945 2,147
General and Administrative Expenses 2,164 2,333 5,819 7,374
Gain on Sale of Property and Equipment (3,821) (3,821)
Total Operating Expenses (1,063) 2,922 3,943 9,521
Income (Loss) From Operations 2,709 713 3,149 (600)
Other Expense        
Interest Expense (126) (256) (526) (780)
Income (Loss) Before Income Taxes 2,583 457 2,623 (1,380)
Income Tax Expense 612 44 638 122
Net Income (Loss) $ 1,971 $ 413 $ 1,985 $ (1,502)
Net Income (Loss) Per Common Share:        
Basic (in dollars per share) (in dollars per share) $ 0.74 $ 0.16 $ 0.75 $ (0.56)
Weighted Average Number of Common Shares Outstanding - Basic (in shares) (in shares) 2,657,530 2,657,911 2,657,530 2,667,754
Diluted (in dollars per share) (in dollars per share) $ 0.73 $ 0.16 $ 0.74 $ (0.56)
Weighted Average Number of Common Shares Outstanding - Diluted (in shares) (in shares) 2,703,029 2,657,911 2,678,698 2,667,754
Other comprehensive income (loss)        
Foreign currency translation $ 96 $ (56) $ 54 $ (56)
Comprehensive income (loss), net of tax $ 2,067 $ 357 $ 2,039 $ (1,558)