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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 12,176,000 $ 13,213,000 $ 34,925,000 $ 35,421,000
Cost of goods sold, excluding depreciation and amortization 7,370,000 8,327,000 22,379,000 22,416,000
Gross profit 4,806,000 4,886,000 12,546,000 13,005,000
Operating expenses:        
Selling, general and administrative 3,882,000 3,288,000 10,979,000 9,958,000
Depreciation and amortization 206,000 198,000 527,000 562,000
Total operating expenses 4,088,000 3,486,000 11,506,000 10,520,000
Income from operations 718,000 1,400,000 1,040,000 2,485,000
Other income (loss):        
Equity in income (loss) of unconsolidated affiliate $ (165,000) $ 22,000 $ 50,000 216,000
Gain on sale of marketable securities and investment in common stock warrants 409,000
Interest income, net $ 4,000 $ 15,000 13,000
Total other income (loss) $ (165,000) 26,000 65,000 638,000
Income before provision for income taxes 553,000 1,426,000 1,105,000 3,123,000
Provision for income taxes 247,000 460,000 364,000 993,000
Net income $ 306,000 $ 966,000 $ 741,000 $ 2,130,000
Basic earnings per common share (in dollars per share) $ 0.02 $ 0.05 $ 0.04 $ 0.12
Diluted earnings per common share (in dollars per share) $ 0.02 $ 0.05 $ 0.04 $ 0.11
Basic weighted average common shares outstanding (in shares) 18,276,616 18,107,073 18,261,747 18,429,985
Diluted weighted average common shares outstanding (in shares) 18,299,279 18,387,422 18,359,725 18,689,274