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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net revenue $ 14,633,000 $ 15,924,000 $ 44,769,000 $ 46,541,000
Cost of sales 10,128,000 10,294,000 29,743,000 29,580,000
Gross profit 4,505,000 5,630,000 15,026,000 16,961,000
Selling, general and administrative expenses 4,915,000 4,787,000 15,088,000 14,834,000
Impairment of goodwill and other intangible assets 0 0 8,311,000 0
Operating (loss) income (410,000) 843,000 (8,373,000) 2,127,000
Other (income) expense, net (43,000) 38,000 (75,000) (234,000)
Interest expense 26,000 29,000 164,000 87,000
(Loss) income from continuing operations before income taxes (393,000) 776,000 (8,462,000) 2,274,000
Income tax (benefit) expense (107,000) 271,000 (2,872,000) 764,000
(Loss) income from continuing operations (286,000) 505,000 (5,590,000) 1,510,000
Discontinued operations (Note 2)        
Net income from discontinued operations, net of tax of $-0- and $38,000 for the three and nine-month periods ended September 30, 2016 and $334,000 and $946,000 for the three and nine-month periods ended September 30, 2015 0 545,000 72,000 1,633,000
Gain on sale of discontinued operations, net of tax benefit of $187,000 and $328,000 for the three and nine-month periods ended September 30, 2016 187,000 0 12,358,000 0
Net income from discontinued operations, net of tax 187,000 545,000 12,430,000 1,633,000
Net (loss) income $ (99,000) $ 1,050,000 $ 6,840,000 $ 3,143,000
Basic (loss) earnings per share        
Continuing operations (in dollars per share) $ (0.08) $ 0.14 $ (1.55) $ 0.42
Discontinued operations (in dollars per share) 0.05 0.15 3.45 0.45
Net (loss) income (in dollars per share) (0.03) 0.29 1.9 0.87
Diluted (loss) earnings per share        
Continuing operations (in dollars per share) (0.08) 0.13 (1.55) 0.4
Discontinued operations (in dollars per share) 0.05 0.15 3.45 0.44
Net (loss) income (in dollars per share) $ (0.03) $ 0.28 $ 1.9 $ 0.84
Weighted average common shares outstanding:        
Basic (in shares) 3,598,000 3,616,000 3,598,000 3,604,000
Diluted (in shares) 3,598,000 3,792,000 3,598,000 3,764,000
Net (loss) income $ (99,000) $ 1,050,000 $ 6,840,000 $ 3,143,000
Other comprehensive loss-foreign currency translation adjustment (63,000) (99,000) (299,000) (55,000)
Total comprehensive (loss) income $ (162,000) $ 951,000 $ 6,541,000 $ 3,088,000