XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net revenue $ 15,359,000 $ 15,637,000 $ 28,575,000 $ 30,136,000
Cost of sales 9,937,000 10,332,000 18,180,000 19,615,000
Gross profit 5,422,000 5,305,000 10,395,000 10,521,000
Selling, general and administrative expenses 5,366,000 5,154,000 10,413,000 10,173,000
Impairment of goodwill and other intangible assets 0 8,311,000 0 8,311,000
Operating income (loss) 56,000 (8,160,000) (18,000) (7,963,000)
Other income, net (24,000) (18,000) (24,000) (32,000)
Interest expense 64,000 36,000 74,000 138,000
Income (loss) from continuing operations before income taxes 16,000 (8,178,000) (68,000) (8,069,000)
Income tax benefit 0 (2,808,000) (24,000) (2,765,000)
Income (loss) from continuing operations 16,000 (5,370,000) (44,000) (5,304,000)
Discontinued operations (Note 2)        
Net income from discontinued operations, net of tax of $-0- and $38,000 for the three and six-month periods ended June 30, 2016 0 0 0 72,000
(Loss) gain on sale of discontinued operations, net of tax benefit of $-0- and $141,000 for the three and six-month periods ended June 30, 2016 0 (14,000) 0 12,171,000
(Loss) income from discontinued operations, net of tax 0 (14,000) 0 12,243,000
Net income (loss) $ 16,000 $ (5,384,000) $ (44,000) $ 6,939,000
Basic earnings (loss) per share        
Continuing operations $ 0 $ (1.49) $ (0.01) $ (1.47)
Discontinued operations 0 0 0 3.40
Net income (loss) 0 (1.49) (0.01) 1.93
Diluted earnings (loss) per share        
Continuing operations 0 (1.49) (0.01) (1.47)
Discontinued operations 0 0 0 3.40
Net income (loss) $ 0 $ (1.49) $ (0.01) $ 1.93
Weighted average common shares outstanding:        
Basic 3,611,000 3,595,000 3,605,000 3,598,000
Diluted 3,720,000 3,595,000 3,605,000 3,598,000
Net income (loss) $ 16,000 $ (5,384,000) $ (44,000) $ 6,939,000
Other comprehensive income (loss)-foreign currency translation adjustment 91,000 (166,000) 117,000 (236,000)
Total comprehensive income (loss) $ 107,000 $ (5,550,000) $ 73,000 $ 6,703,000