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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue $ 12,366 $ 11,573 $ 35,362 $ 33,382
Cost of goods sold 4,921 4,856 14,054 13,464
Gross profit 7,445 6,717 21,308 19,918
Operating expenses:        
Sales and marketing 2,220 1,821 6,575 6,209
Research and product development 1,788 1,959 5,497 5,996
General and administrative 1,405 1,470 4,639 4,561
Proceeds from litigation, net (272) 0 (272) (250)
Total operating expenses 5,141 5,250 16,439 16,516
Operating income 2,304 1,467 4,869 3,402
Other income (expense), net 85 29 117 40
Income before income taxes 2,389 1,496 4,986 3,442
Provision for income taxes 726 492 1,548 1,310
Net income 1,663 1,004 3,438 2,132
Basic earnings per common share $ 0.18 $ 0.11 $ 0.38 $ 0.23
Diluted earnings per common share $ 0.18 $ 0.11 $ 0.36 $ 0.23
Basic weighted average shares outstanding 9,027,764 9,113,713 9,090,903 9,106,455
Diluted weighted average shares outstanding 9,406,941 9,193,574 9,485,808 9,219,161
Unrealized gain (loss) on available-for-sale securities 55 0 (33) 0
Comprehensive income $ 1,718 $ 1,004 $ 3,405 $ 2,132