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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 115,168 $ 104,106
Cost of Goods Sold 99,304 94,441
Gross Profit 15,864 9,665
Operating Expenses:    
Selling Expenses 2,361 2,474
General and Administrative Expenses 10,002 9,253
Restructuring Expenses 327 0
R&D Expenses 483 0
Impairment of Goodwill 0 2,375
Loss on Abandonment of Intangible Asset 560 0
Gain on Sale of Property and Equipment (141) (3,821)
Total Operating Expenses 13,592 10,281
Income (Loss) from Operations 2,272 (616)
Other Income (Expense)    
Interest Expense (430) (620)
PPP Loan Forgiviness Gain 6,171 0
Total Other Income (Expense) 5,741 (620)
Loss Before Income Taxes 8,013 (1,236)
Income Tax Expense 859 310
Net Income (Loss) $ 7,154 $ (1,546)
Income (Loss) Per Common Share:    
Basic (in dollars per share) $ 2.68 $ (0.58)
Outstanding - Basic (in shares) 2,664,586 2,657,738
Diluted (in dollars per share) $ 2.54 $ (0.58)
Outstanding - Dilutive (in shares) 2,821,523 2,657,738
Other comprehensive income (loss)    
Foreign currency translation $ 93 $ 220
Comprehensive income (loss), net of tax $ 7,247 $ (1,326)