XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues $ 7,775 $ 6,261 $ 13,463 $ 11,720
Cost of revenues 6,731 4,540 11,860 8,812
Gross profit 1,044 1,721 1,603 2,908
Operating expenses:        
Selling, general and administrative expense 6,787 4,463 13,979 9,298
Depreciation and amortization 1,424 384 1,831 790
Research and development 28 51 45 103
Provision for bad debt 2 61 8 128
Other operating (income) expense (2)
Total operating expenses 8,241 4,959 15,863 10,317
Continuing loss from operations (7,197) (3,238) (14,260) (7,409)
Other income (expense) 234 (353) (798) (105)
Interest expense (125) (22) (136) (31)
Loss from continuing operations before income taxes and equity in net loss of affiliate (7,088) (3,613) (15,194) (7,545)
Net loss of affiliate (4,360) (356) (4,806) (356)
Loss from continuing operations before taxes (11,448) (3,969) (20,000) (7,901)
Income tax benefit (1,550) (280) (3,150) (454)
Loss from continuing operations, net of income taxes (9,898) (3,689) (16,850) (7,447)
Discontinued operations (Note 3)        
Income from operations of discontinued power and electromechanical components businesses 595 1,313 109 2,289
Income tax (benefit) expense 22 (111) (35) 110
Income from discontinued operations, net of income taxes 573 1,424 144 2,179
Net loss $ (9,325) $ (2,265) $ (16,706) $ (5,268)
Basic and diluted weighted average common shares outstanding (in shares) 30,424,896 28,634,766 29,422,813 28,609,324
Loss from continuing operations per common share - basic and diluted (in dollars per share) $ (0.33) $ (0.13) $ (0.57) $ (0.26)
Income from discontinued operations - basic and diluted (in dollars per share) 0.02 0.05 0 0.08
Loss per common share - basic and diluted (in dollars per share) $ (0.31) $ (0.08) $ (0.57) $ (0.18)