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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, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net Sales $ 7,204 $ 9,135 $ 14,834 $ 16,359
Cost of goods sold 2,955 3,933 6,169 6,990
Gross margin 4,249 5,202 8,665 9,369
Operating expenses:        
Research and development 1,845 1,771 3,724 3,316
Selling, general and administrative 2,158 2,163 4,351 3,981
Total operating expenses 4,003 3,934 8,075 7,297
Operating income 246 1,268 590 2,072
Non-operating income (expense):        
Interest income 9 6 16 13
Gain on sale of assets 4 80 4 291
Foreign currency transaction gain (loss) 269 (62) 93 (92)
Total non-operating income 282 24 113 212
Income before income taxes 528 1,292 703 2,284
Income tax (expense) (42) (86) (87) (99)
Net income $ 486 $ 1,206 $ 616 $ 2,185
Basic earnings per share $ 0.06 $ 0.15 $ 0.07 $ 0.27
Diluted earnings per share $ 0.06 $ 0.14 $ 0.07 $ 0.26
Weighted-average basic shares 8,356 8,104 8,321 8,067
Weighted-average diluted shares 8,500 8,408 8,521 8,367