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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 2,132 $ 3,175 $ 4,419 $ 5,909
Cost of revenues 1,166 1,441 2,535 2,938
Gross profit 966 1,734 1,884 2,971
Operating expenses        
Depreciation and amortization expense 31 39 65 78
Research and development 341 246 603 445
Selling, general and administrative 600 1,333 1,407 1,962
Total operating expenses 972 1,618 2,075 2,485
Operating income (loss) (6) 116 (191) 486
Other expenses        
Interest expense 54 75 111 150
Other expenses 0 122 50 151
Total other expenses 54 197 161 301
Income (loss) before income taxes (60) (81) (352) 185
Income tax expense (benefit) 13 (31) (25) 16
Net income (loss) (73) (50) (327) 169
Preferred dividend (23) (36) (46) (36)
Net income (loss) to common stockholders (96) (86) (373) 133
Condensed statements of comprehensive income (loss)        
Net income (loss) (73) (50) (327) 169
Other comprehensive loss        
Foreign currency translation adjustments 87 (4) (160) (4)
Comprehensive income (loss) 14 (54) (487) 165
Earnings (loss) per share        
Net income (loss) to common stockholders $ (96) $ (86) $ (373) $ 133
Basic and diluted earnings (loss) per share $ 0 $ 0 $ (0.02) $ 0
Weighted average basic and diluted shares outstanding 20,328,495 16,349,483 20,018,269 15,527,624