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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 2,662 $ 2,785 $ 7,081 $ 8,694
Cost of revenues 1,493 1,198 4,028 4,456
Gross profit 1,169 1,587 3,053 4,238
Operating expenses        
Depreciation and amortization expense 30 48 95 126
Research and development 222 317 825 762
Selling, general and administrative 785 1,260 2,191 2,902
Total operating expenses 1,037 1,625 3,111 3,790
Operating income (loss) 132 (38) (58) 448
Other expenses        
Interest expense 46 71 157 221
Other expenses 11 2 61 153
Total other expenses 57 73 218 374
Income (loss) before income taxes 75 (111) (276) 74
Income tax expense (benefit) 16 (8) (9) 24
Net income (loss) 59 (119) (267) 50
Preferred dividend (23) (18) (69) (54)
Net income (loss) applicable to common stockholders 36 (137) (336) (4)
Condensed consolidated statements of comprehensive income (loss)        
Net income (loss) 59 (119) (267) 50
Other comprehensive income (loss)        
Foreign currency translation adjustments (170) 45 (330) 41
Comprehensive income (loss) (111) (74) (597) 91
Earnings (loss) per share        
Net income (loss) applicable to common stockholders $ 36 $ (137) $ (336) $ (4)
Basic and diluted earnings (loss) per share $ 0 $ (0.01) $ (0.01) $ 0
Weighted average basic and diluted shares outstanding 20,484,936 19,345,231 20,051,206 17,683,284