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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Product sales $ 6,701 $ 5,178 $ 12,471 $ 8,993
Cost of product sales 1,958 1,537 3,606 2,901
Gross profit 4,743 3,641 8,865 6,092
Operating expenses        
Research and development 739 325 1,111 671
Sales and marketing 928 641 1,776 1,253
General and administrative 2,118 1,390 4,321 2,744
Acquisition costs 39 247
Total operating expenses 3,824 2,356 7,455 4,668
Operating income 919 1,285 1,410 1,424
Other income (expenses), net        
Interest income 137 32 307 41
Interest expense (1) (1) (4) (1)
Loss from equity-method investment in SAVSU (217) (177) (448) (321)
Total other income (expenses), net (81) (146) (145) (281)
Income before provision for income taxes 838 1,139 1,265 1,143
Income taxes
Net income 838 1,139 1,265 1,143
Less: Preferred stock dividends (93) (200)
Net income attributable to common stockholders $ 838 $ 1,046 $ 1,265 $ 943
Basic net income per common share (in dollars per share) $ 0.04 $ 0.07 $ 0.07 $ 0.06
Diluted net income per common share (in dollars per share) $ 0.03 $ 0.05 $ 0.05 $ 0.05
Basic shares used to compute earnings per share (in shares) 18,819,459 15,180,169 18,734,401 14,642,378
Diluted shares used to compute earnings per share (in shares) 24,539,299 20,374,358 24,439,959 19,063,595