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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Product sales $ 7,205,000 $ 6,485,000 $ 21,868,000 $ 20,036,000
Barrier rentals 1,708,000 3,171,000 8,667,000 4,820,000
Royalty income 676,000 484,000 1,788,000 1,165,000
Shipping and installation revenue 3,511,000 2,375,000 8,302,000 6,768,000
Total revenue 13,100,000 12,515,000 40,625,000 32,789,000
Cost of goods sold 9,898,000 8,674,000 28,388,000 24,971,000
Gross profit 3,202,000 3,841,000 12,237,000 7,818,000
Operating expenses        
General and administrative expenses 1,215,000 1,271,000 3,880,000 3,553,000
Selling expenses 719,000 521,000 2,010,000 1,684,000
Total operating expenses 1,934,000 1,792,000 5,890,000 5,237,000
Operating income (loss) 1,268,000 2,049,000 6,347,000 2,581,000
Other income (expense)        
Interest expense (47,000) (53,000) (145,000) (166,000)
Interest income 10,000 8,000 29,000 26,000
Gain (loss) on sale of assets 205,000 (8,000) 293,000 58,000
Gain on forgiveness of PPP loan 2,692,000 0 2,692,000 0
Other income 8,000 22,000 41,000 41,000
Total other income (expense) 2,868,000 (31,000) 2,910,000 (41,000)
Income (loss) before income tax expense (benefit) 4,136,000 2,018,000 9,257,000 2,540,000
Income tax expense (benefit) 442,000 469,000 1,711,000 588,000
Net income (loss) $ 3,694,000 $ 1,549,000 $ 7,546,000 $ 1,952,000
Basic and diluted earnings (loss) per common share $ 0.71 $ 0.30 $ 1.45 $ 0.38
Weighted average number of common shares outstanding:        
Basic 5,202 5,184 5,202 5,184
Diluted 5,220 5,184 5,217 5,184