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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net revenues $ 60,660 $ 78,563
Cost of revenues 31,435 39,162
Gross margin 29,225 39,401
Operating expenses:    
Selling expense 8,460 9,611
Engineering and product development expense 4,964 4,908
General and administrative expense 13,252 12,801
Adjustment to contingent consideration liability 6,901
Total operating expenses 26,676 34,221
Operating income 2,549 5,180
Other income (loss) 55 (137)
Earnings before income tax expense 2,604 5,043
Income tax expense 282 2,006
Net earnings $ 2,322 $ 3,037
Net earnings per common share – basic (in dollars per share) $ 0.22 $ 0.29
Weighted average common shares outstanding – basic (in shares) 10,373,164 10,347,947
Net earnings per common share – diluted (in dollars per share) $ 0.22 $ 0.29
Weighted average common shares and common share equivalents outstanding – diluted (in shares) 10,391,975 10,382,194