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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, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net Sales $ 9,596 $ 6,588 $ 25,955 $ 17,002
Cost of goods sold 3,639 2,945 10,629 7,743
Gross margin 5,957 3,643 15,326 9,259
Operating expenses:        
Research and development 1,814 1,358 5,130 3,655
Selling, general and administrative 2,319 1,664 6,300 4,766
Total operating expenses 4,133 3,022 11,430 8,421
Operating income 1,824 621 3,896 838
Non-operating income (expense):        
Interest income 6 11 19 34
Gain on sale of assets 72 0 363 0
Foreign currency transaction gain (loss) (66) (3) (158) 41
Total non-operating income 12 8 224 75
Income before income taxes 1,836 629 4,120 913
Income tax (expense) (108) (4) (207) (12)
Net income $ 1,728 $ 625 $ 3,913 $ 901
Basic earnings per share $ 0.21 $ 0.08 $ 0.48 $ 0.11
Diluted earnings per share $ .20 $ 0.08 $ 0.47 $ 0.11
Weighted-average basic shares 8,201 7,977 8,112 7,955
Weighted-average diluted shares 8,467 8,183 8,400 8,083