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CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net Sales $ 5,801 $ 4,958 $ 10,414 $ 10,860
Cost of goods sold 2,713 2,236 4,798 5,280
Gross margin 3,088 2,722 5,616 5,580
Operating expenses:        
Research and development 1,172 1,243 2,297 2,341
Selling, general and administrative 1,525 1,415 3,103 2,953
Total operating expenses 2,697 2,658 5,400 5,294
Operating income 391 64 216 286
Non-operating income (expense):        
Interest income 11 27 23 58
Foreign currency transaction gain (loss) 49 7 45 (188)
Total non-operating income (expense) 60 34 68 (130)
Income before income taxes 451 98 284 156
Income tax (expense) benefit (7) 2 (8) (7)
Net income $ 444 $ 100 $ 276 $ 149
Basic earnings per share $ 0.06 $ 0.01 $ 0.03 $ 0.02
Diluted earnings per share $ 0.06 $ 0.01 $ 0.03 $ 0.02
Weighted-average basic shares 7,942 7,894 7,944 7,879
Weighted-average diluted shares 8,039 8,078 8,033 8,062