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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 30,182 $ 26,461 $ 52,254 $ 53,901
Cost of Goods Sold 26,597 23,736 47,108 47,936
Gross Profit 3,585 2,725 5,146 5,965
Operating Expenses        
Selling Expenses 571 730 1,292 1,351
General and Administrative Expenses 2,418 1,946 5,214 4,174
Research and Development 207 0 207 0
Restructuring 77 0 296 0
Gain on Sale of Assets (94) 0 (94) 0
Total Operating Expenses 3,179 2,676 6,914 5,525
Income (Loss) From Operations 406 49 (1,769) 440
Other Expense        
Interest Expense (116) (176) (202) (400)
Income (Loss) Before Income Taxes 290 (127) (1,971) 40
Income Tax Expense (Benefit) 111 (4) (596) 26
Net Income (Loss) $ 179 $ (123) $ (1,375) $ 14
Net Income (Loss) Per Common Share - Basic (in dollars per share) $ 0.07 $ (0.05) $ (0.52) $ 0.01
Weighted Average Number of Common Shares Outstanding - Basic (in shares) 2,658,926 2,657,530 2,659,028 2,657,530
Net (Loss) Income Per Common Share - Diluted (in dollars per share) $ 0.06 $ (0.05) $ (0.52) $ 0.01
Weighted Average Number of Common Shares Outstanding - Diluted (in shares) 2,767,991 2,657,530 2,659,028 2,666,532
Other Comprehensive Income (Loss)        
Foreign currency translation $ 58 $ 19 $ 24 $ (42)
Comprehensive Income (Loss), net of tax $ 237 $ (104) $ (1,351) $ (28)