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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Net sales $ 6,733,000 $ 4,655,000 $ 12,748,000 $ 9,440,000
Cost of goods sold 2,896,000 2,216,000 5,573,000 4,217,000
Gross margin 3,837,000 2,439,000 7,175,000 5,223,000
Operating expenses:        
Research and development 1,673,000 1,614,000 3,279,000 3,196,000
Selling, general and administrative 2,054,000 1,703,000 4,116,000 3,514,000
Total operating expenses 3,727,000 3,317,000 7,395,000 6,710,000
Operating income (loss) 110,000 (878,000) (220,000) (1,487,000)
Non-operating income:        
Interest income 0 1,000 3,000 9,000
Foreign currency transaction gain (loss) (64,000) (83,000) (38,000) (31,000)
Total non-operating income (loss) (64,000) (82,000) (35,000) (22,000)
Income (loss) before income taxes 46,000 (960,000) (255,000) (1,509,000)
Income tax (expense) benefit (75,000) (97,000) (107,000) (102,000)
Net income (loss) $ (29,000) $ (1,057,000) $ (362,000) $ (1,611,000)
Basic earnings (loss) per share $ 0.00 $ (0.13) $ (0.04) $ (0.19)
Diluted earnings (loss) per share $ 0.00 $ (0.13) $ (0.04) $ (0.19)
Weighted-average basic shares 8,517 8,302 8,469 8,261
Weighted-average diluted shares 8,517 8,302 8,469 8,261