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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Total revenue $ 13,209 $ 9,544 $ 34,249 $ 28,502
Cost of goods sold 10,616 6,951 27,278 21,508
Gross profit 2,593 2,593 6,971 6,994
General and administrative expenses 1,123 1,305 3,474 4,059
Selling expenses 717 624 1,924 1,913
Total operating expenses 1,840 1,929 5,398 5,972
Operating income 753 664 1,573 1,022
Other income (expense)        
Interest expense (43) (44) (127) (135)
Interest income 9 10 31 29
Gain on sale of assets 19 51 30 106
Other income 15 11 35 30
Total other income (expense) 0 28 (31) 30
Income before income tax expense 753 692 1,542 1,052
Income tax expense 179 172 364 262
Net income $ 574 $ 520 $ 1,178 $ 790
Basic and diluted earnings per share $ 0.11 $ 0.10 $ 0.23 $ 0.16
Diluted earnings per share $ .11 $ .10 $ .23 $ .15
Weighted average number of common shares outstanding:        
Basic (in thousands) 5,134 5,080 5,134 5,078
Diluted (in thousands) 5,138 5,099 5,138 5,098
Product sales        
Revenue        
Total revenue $ 8,589 $ 6,828 $ 23,420 $ 21,224
Barrier rentals        
Revenue        
Total revenue 625 540 1,787 1,188
Royalty income        
Revenue        
Total revenue 427 465 1,162 1,193
Shipping and installation revenue        
Revenue        
Total revenue $ 3,568 $ 1,711 $ 7,880 $ 4,897