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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net revenue $ 15,782,000 $ 14,633,000 $ 44,357,000 $ 44,769,000
Cost of sales 10,198,000 10,128,000 28,377,000 29,743,000
Gross profit 5,584,000 4,505,000 15,980,000 15,026,000
Selling, general and administrative expenses 5,352,000 4,915,000 15,765,000 15,088,000
Impairment of goodwill and other intangible assets 0 0 0 8,311,000
Operating income (loss) 232,000 (410,000) 215,000 (8,373,000)
Other expense (income), net 11,000 (43,000) (13,000) (75,000)
Interest expense 50,000 26,000 124,000 164,000
Income (loss) from continuing operations before income taxes 171,000 (393,000) 104,000 (8,462,000)
Income tax expense (benefit) 166,000 (107,000) 142,000 (2,872,000)
Income (loss) from continuing operations 5,000 (286,000) (38,000) (5,590,000)
Discontinued operations (Note 2)        
Income from discontinued operations, net of tax of $-0- and $38,000 for the three and nine-month periods ended September 30, 2016, respectively. 0 0 0 72,000
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, respectively. 0 187,000 0 12,358,000
Income from discontinued operations, net of tax 0 187,000 0 12,430,000
Net income (loss) $ 5,000 $ (99,000) $ (38,000) $ 6,840,000
Basic (loss) earnings per share        
Continuing operations $ 0 $ (0.08) $ (0.01) $ (1.55)
Discontinued operations 0 0.05 0 3.45
Net (loss) income 0 (0.03) (0.01) 1.9
Diluted (loss) earnings per share        
Continuing operations 0 (0.08) (0.01) (1.55)
Discontinued operations 0 0.05 0 3.45
Net (loss) income $ 0 $ (0.03) $ (0.01) $ 1.9
Weighted average common shares outstanding:        
Basic 3,617,000 3,598,000 3,609,000 3,598,000
Diluted 3,777,000 3,598,000 3,609,000 3,598,000
Net income (loss) $ 5,000 $ (99,000) $ (38,000) $ 6,840,000
Other comprehensive income (loss) - foreign currency translation adjustment 71,000 (63,000) 188,000 (299,000)
Total comprehensive income (loss) $ 76,000 $ (162,000) $ 150,000 $ 6,541,000