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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Total revenue $ 12,515 $ 13,209 $ 32,789 $ 34,249
Cost of goods sold 8,674 10,616 24,971 27,278
Gross profit 3,841 2,593 7,818 6,971
Operating expenses        
General and administrative expenses 1,271 1,123 3,553 3,474
Selling expenses 521 717 1,684 1,924
Total operating expenses 1,792 1,840 5,237 5,398
Operating income (loss) 2,049 753 2,581 1,573
Other income (expense)        
Interest expense (53) (43) (166) (127)
Interest income 8 9 26 31
Gain (loss) on sale of assets (8) 19 58 30
Other income 22 20 41 64
Total other income (expense) (31) 5 (41) (2)
Income (loss) before income tax expense (benefit) 2,018 758 2,540 1,571
Income tax expense (benefit) 469 179 588 364
Net income (loss) $ 1,549 $ 579 $ 1,952 $ 1,207
Basic and diluted earnings (loss) per common share $ .30 $ 0.11 $ 0.38 $ 0.24
Weighted average number of common shares outstanding:        
Basic (in thousands) 5,184 5,134 5,184 5,134
Diluted (in thousands) 5,184 5,138 5,184 5,138
Product Sales        
Revenue        
Total revenue $ 6,485 $ 8,589 $ 20,036 $ 23,420
Barrier Rentals        
Revenue        
Total revenue 3,171 625 4,820 1,787
Royalty Income        
Revenue        
Total revenue 484 427 1,165 1,162
Shipping and Installation Revenue        
Revenue        
Total revenue $ 2,375 $ 3,568 $ 6,768 $ 7,880