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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues $ 9,852 $ 11,016 $ 28,963 $ 32,738
Cost of revenues 5,470 5,658 16,004 16,853
Gross profit 4,382 5,358 12,959 15,885
Operating Expenses:        
General & administrative 1,417 1,599 4,687 4,907
Marketing & selling 1,238 1,267 3,455 3,807
Research & development 393 372 1,213 1,089
Total Operating Expenses 3,048 3,238 9,355 9,803
Operating income 1,334 2,120 3,604 6,082
Other income/(expense), net 6 (9) 54 47
Net income before provision for income taxes 1,340 2,111 3,658 6,129
Provision for income taxes 663 836 1,586 2,426
Net income 677 1,275 2,072 3,703
Other Comprehensive Income (Loss):        
Foreign currency translation (330) (180) (297) (1,346)
Total Comprehensive Income $ 347 $ 1,095 $ 1,775 $ 2,357
Basic net income per share (in dollars per share) $ 0.12 $ 0.23 $ 0.38 $ 0.67
Diluted net income per share (in dollars per share) 0.12 0.23 0.37 0.67
Dividends declared per share (in dollars per share) $ 0.18 $ 0.18 $ 0.54 $ 0.51
Weighted average common shares outstanding, basic (in shares) 5,517 5,507 5,513 5,500
Weighted average common shares outstanding, diluted (in shares) 5,517 5,555 5,529 5,552