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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenues $ 15,044,000 $ 15,854,000 $ 30,020,000 $ 29,974,000
Cost of revenues 8,455,000 8,590,000 16,405,000 16,491,000
Gross margin 6,589,000 7,264,000 13,615,000 13,483,000
Research and development expenses 2,249,000 2,243,000 4,542,000 4,423,000
Selling, general and administrative expenses 3,761,000 4,146,000 7,924,000 8,503,000
Income from operations 579,000 875,000 1,149,000 557,000
Interest income and other 77,000 95,000 136,000 157,000
Income before income taxes 656,000 970,000 1,285,000 714,000
Income tax expense 192,000 230,000 326,000 147,000
Net income $ 464,000 $ 740,000 $ 959,000 $ 567,000
Net income per share – Basic $ 0.07 $ 0.11 $ 0.14 $ 0.08
Net income per share – Diluted $ 0.06 $ 0.10 $ 0.13 $ 0.08
Weighted average shares outstanding – Basic 7,106 7,010 7,103 6,998
Weighted average shares outstanding – Diluted 7,296 7,242 7,309 7,114