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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Total revenue $ 10,450 $ 10,852 $ 20,275 $ 21,041
Cost of goods sold 8,073 8,696 16,297 16,663
Gross profit 2,377 2,156 3,978 4,378
Operating expenses        
General and administrative expenses 1,230 1,143 2,282 2,350
Selling expenses 574 640 1,164 1,207
Total operating expenses 1,804 1,783 3,446 3,557
Operating income (loss) 573 373 532 821
Other income (expense)        
Interest expense (57) (40) (113) (85)
Interest income 9 11 17 21
Gain on sale of assets 30 10 66 12
Other income 16 20 20 44
Total other income (expense) (2) 1 (10) (8)
Income (loss) before income tax expense (benefit) 571 374 522 813
Income tax expense (benefit) 130 86 119 185
Net income (loss) $ 441 $ 288 $ 403 $ 628
Basic and diluted earnings (loss) per common share $ 0.09 $ 0.06 $ 0.08 $ 0.12
Weighted average number of common shares outstanding:        
Basic (in thousands) 5,184 5,134 5,184 5,134
Diluted (in thousands) 5,184 5,143 5,184 5,141
Product Sales        
Revenue        
Total revenue $ 6,699 $ 7,327 $ 13,550 $ 14,831
Barrier Rentals        
Revenue        
Total revenue 907 582 1,650 1,163
Royalty Income        
Revenue        
Total revenue 413 429 681 735
Shipping and Installation Revenue        
Revenue        
Total revenue $ 2,431 $ 2,514 $ 4,394 $ 4,312