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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Product revenues $ 8,389,000 $ 7,057,000 $ 25,684,000 $ 20,716,000
Service revenues 4,597,000 3,337,000 12,505,000 9,964,000
Royalties   1,162,000   2,963,000
Total revenues 12,986,000 11,556,000 38,189,000 33,643,000
Cost of product revenues 5,160,000 3,683,000 14,776,000 11,892,000
Cost of service revenues 2,559,000 2,022,000 7,149,000 6,630,000
Total cost of revenues 7,719,000 5,705,000 21,925,000 18,522,000
Gross profit 5,267,000 5,851,000 16,264,000 15,121,000
Operating expenses        
Sales and marketing 517,000 259,000 1,306,000 910,000
Research and development 2,291,000 2,304,000 5,285,000 8,234,000
General and administrative 3,238,000 3,111,000 12,263,000 9,815,000
Restructuring charge 756,000   756,000  
Total operating expenses 6,802,000 5,674,000 19,610,000 18,959,000
(Loss) income from operations (1,535,000) 177,000 (3,346,000) (3,838,000)
Interest expense, net (47,000) (24,000) (105,000) (74,000)
Other income, net 127,000 90,000 179,000 296,000
Total non-operating income 80,000 66,000 74,000 222,000
(Loss) income before income taxes (1,455,000) 243,000 (3,272,000) (3,616,000)
Income tax (benefit) expense (45,000) (5,000) (45,000) 47,000
Net (loss) income $ (1,410,000) $ 248,000 $ (3,227,000) $ (3,663,000)
Basic net (loss) income per common share $ (0.13) $ 0.02 $ (0.26) $ (0.34)
Diluted net (loss) income per common share $ (0.13) $ 0.02 $ (0.26) $ (0.34)
Basic weighted average common shares outstanding 10,844 10,799 10,817 10,791
Diluted weighted average common shares outstanding 10,844 11,060 10,817 10,791