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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue from product sales        
Total revenue from product sales $ 14,248,000 $ 16,600,000 $ 28,592,000 $ 31,257,000
Inventory write-down 175,000.0 0 175,000 0
Cost of sales for product sales 14,269,000 15,103,000 27,991,000 28,548,000
Gross profit (196,000) 1,497,000 426,000 2,709,000
Selling, general and administrative expenses 1,064,000 893,000 2,003,000 1,819,000
(Loss) income before other income (expense) (1,260,000) 604,000 (1,577,000) 890,000
Other income (expense)        
Interest expense, including loan fee amortization (163,000) (282,000) (323,000) (524,000)
Gain on insurance proceeds 0 487,000 38,000 487,000
Total other income (expense), net (163,000) 205,000 (285,000) (37,000)
(Loss) income before income taxes (1,423,000) 809,000 (1,862,000) 853,000
Income tax provision 4,000 12,000 6,000 20,000
Net (loss) income $ (1,427,000) $ 797,000 $ (1,868,000) $ 833,000
Basic (loss) earnings per share (in dollars per share) $ (0.18) $ 0.10 $ (0.23) $ 0.10
Diluted (loss) earnings per share (in dollars per share) $ (0.18) $ 0.10 $ (0.23) $ 0.10
Weighted average shares outstanding:        
Basic (in Shares) 8,108 8,102 8,108 8,096
Diluted (in Shares) 8,108 8,170 8,108 8,142
Ferrous operations [Member]        
Revenue from product sales        
Total revenue from product sales $ 6,658,000 $ 8,003,000 $ 13,618,000 $ 15,048,000
Non-ferrous operations [Member]        
Revenue from product sales        
Total revenue from product sales 7,407,000 8,292,000 14,609,000 15,607,000
Auto parts operations and other [Member]        
Revenue from product sales        
Total revenue from product sales $ 183,000 $ 305,000 $ 365,000 $ 602,000