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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Total revenue $ 10,852 $ 9,833 $ 21,041 $ 18,958
Cost of goods sold 8,696 6,857 16,663 14,391
Gross profit 2,156 2,976 4,378 4,567
General and administrative expenses 1,143 1,452 2,350 2,919
Selling expenses 640 613 1,207 1,290
Total operating expenses 1,783 2,065 3,557 4,209
Operating income 373 911 821 358
Other income (expense)        
Interest expense (40) (44) (85) (90)
Interest income 11 9 21 19
Gain on sale of assets 10 31 12 55
Other income 5 9 20 18
Total other income (expense) (14) 5 (32) 2
Income before income tax expense 359 916 789 360
Income tax expense 86 225 185 90
Net income $ 273 $ 691 $ 604 $ 270
Basic and diluted earnings per share $ 0.05 $ 0.14 $ 0.12 $ 0.05
Weighted average number of common shares outstanding:        
Basic (in thousands) 5,134 5,080 5,134 5,076
Diluted (in thousands) 5,143 5,104 5,141 5,101
Product sales        
Revenue        
Total revenue $ 7,327 $ 6,943 $ 14,831 $ 14,396
Barrier rentals        
Revenue        
Total revenue 582 340 1,163 649
Royalty income        
Revenue        
Total revenue 429 506 735 727
Shipping and installation revenue        
Revenue        
Total revenue $ 2,514 $ 2,044 $ 4,312 $ 3,186