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CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 6,533 $ 9,596 $ 21,367 $ 25,955
Cost of goods sold 2,415 3,639 8,584 10,629
Gross margin 4,118 5,957 12,783 15,326
Operating expenses:        
Research and development 1,826 1,814 5,550 5,130
Selling, general and administrative 1,888 2,319 6,239 6,300
Total operating expenses 3,714 4,133 11,789 11,430
Operating income 404 1,824 994 3,896
Non-operating income (expense):        
Interest income 10 6 26 19
Gain on sale of assets 0 72 4 363
Foreign currency transaction gain (loss) 108 (66) 201 (158)
Total non-operating income 118 12 231 224
Income before income taxes 522 1,836 1,225 4,120
Income tax (expense) (180) (108) (267) (207)
Net income $ 342 $ 1,728 $ 958 $ 3,913
Basic earnings per share $ 0.04 $ 0.21 $ 0.11 $ 0.48
Diluted earnings per share $ 0.04 $ 0.20 $ 0.11 $ 0.47
Weighted-average basic shares 8,439 8,201 8,361 8,112
Weighted-average diluted shares 8,507 8,467 8,516 8,400