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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, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 3,808 $ 6,533 $ 15,700 $ 21,367
Cost of goods sold 1,806 2,415 6,430 8,584
Gross margin 2,002 4,118 9,270 12,783
Operating expenses:        
Research and development 1,507 1,826 4,868 5,550
Selling, general and administrative 1,535 1,888 5,338 6,239
Total operating expenses 3,042 3,714 10,206 11,789
Operating income (loss) (1,040) 404 (936) 994
Non-operating income:        
Interest income 25 10 47 26
Gain on sale of assets 0 0 60 4
Foreign currency transaction gain (loss) 226 108 190 201
Total non-operating income 251 118 297 231
Income (loss) before income taxes (789) 522 (639) 1,225
Income tax (expense) benefit (55) (180) (52) (267)
Net income (loss) $ (844) $ 342 $ (691) $ 958
Basic earnings (loss) per share $ (0.10) $ 0.04 $ (0.08) $ 0.11
Diluted earnings (loss) per share $ (0.10) $ 0.04 $ (0.08) $ 0.11
Weighted-average basic shares 8,217 8,439 8,259 8,361
Weighted-average diluted shares 8,242 8,507 8,259 8,516