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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 32,518 $ 30,182 $ 63,229 $ 52,254
Cost of Goods Sold 27,514 26,597 54,181 47,108
Gross Profit 5,004 3,585 9,048 5,146
Operating Expenses        
Selling Expenses 960 571 1,793 1,292
General and Administrative Expenses 2,668 2,418 5,397 5,214
Research and Development Expenses 351 207 679 207
Restructuring Charges 0 77 0 296
Gain on Sale of Assets 0 (94) (15) (94)
Total Operating Expenses 3,979 3,179 7,854 6,915
Income (Loss) From Operations 1,025 406 1,194 (1,769)
Other Expense        
Interest Expense (117) (116) (215) (202)
Income (Loss) Before Income Taxes 908 290 979 (1,971)
Income Tax Expense (Benefit) 189 111 122 (596)
Net Income (Loss) $ 719 $ 179 $ 857 $ (1,375)
Net Income (Loss) Per Common Share:        
Basic (in dollars per share) (in dollars per share) $ 0.27 $ 0.07 $ 0.32 $ (0.52)
Weighted Average Number of Common Shares Outstanding - Basic (in shares) (in shares) 2,683,131 2,658,926 2,681,931 2,659,028
Diluted (in dollars per share) (in dollars per share) $ 0.25 $ 0.06 $ 0.30 $ (0.52)
Weighted Average Number of Common Shares Outstanding - Diluted (in shares) (in shares) 2,886,755 2,767,991 2,879,216 2,659,028
Other comprehensive (loss) income        
Foreign currency translation $ (244) $ 58 $ (239) $ 24
Comprehensive income (loss), net of tax $ 475 $ 237 $ 618 $ (1,351)