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CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Net Sales $ 4,613 $ 5,902
Cost of goods sold 2,085 3,045
Gross margin 2,528 2,857
Operating expenses:    
Research and development 1,125 1,098
Selling, general and administrative 1,578 1,537
Total operating expenses 2,703 2,635
Operating income (loss) (175) 222
Non-operating income (expense):    
Interest income 12 31
Foreign currency transaction gain (loss) (4) (195)
Total non-operating income (expense) 8 (164)
Income (loss) before income taxes (167) 58
Income tax (expense) benefit (1) (9)
Net income (loss) $ (168) $ 49
Basic earnings (loss) per share $ (0.02) $ 0.01
Diluted earnings (loss) per share $ (0.02) $ 0.01
Weighted-average basic shares 7,945 7,863
Weighted-average diluted shares 7,945 8,045