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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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 4,655 $ 5,834 $ 9,440 $ 11,892
Cost of goods sold 2,216 2,250 4,217 4,623
Gross margin 2,439 3,584 5,223 7,269
OPERATING EXPENSES:        
Research and development 1,614 1,680 3,196 3,361
Selling, general and administrative 1,703 1,829 3,514 3,803
Total operating expenses 3,317 3,509 6,710 7,164
Operating income (loss) (878) 75 (1,487) 105
NON-OPERATING INCOME (LOSS):        
Interest income 1 10 9 22
Gain on sale of assets 0 0 0 60
Foreign currency transaction gain (loss) (83) 69 (31) (36)
Total non-operating income (loss) (82) 79 (22) 46
Income (loss) before income taxes (960) 154 (1,509) 151
Income tax (expense) benefit (97) (27) (102) 2
Net income (loss) $ (1,057) $ 127 $ (1,611) $ 153
Basic earnings (loss) per share $ (0.13) $ 0.02 $ (0.19) $ 0.02
Diluted earnings (loss) per share $ (0.13) $ 0.02 $ (0.19) $ 0.02
Weighted-average basic shares (in thousands) 8,302 8,257 8,261 8,280
Weighted-average diluted shares (in thousands) 8,302 8,332 8,261 8,375