Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations (Unaudited)

v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales $ 9,813 $ 10,475 $ 20,550 $ 21,426
Cost of sales 2,558 2,699 5,390 5,611
Gross profit 7,255 7,776 15,160 15,815
Operating expenses:        
Commissions expense 4,012 4,203 8,500 8,689
Selling, general and administrative expenses 3,576 3,811 7,338 7,729
Total operating expenses 7,588 8,014 15,838 16,418
Loss from operations (333) (238) (678) (603)
Other income, net 348 519 813 1,082
Income before income taxes 15 281 135 479
Income tax provision (benefit) 0 108 (2) 118
Net income $ 15 $ 173 $ 137 $ 361
Net income per common share:        
Basic (in dollars per share) $ 0 $ 0.02 $ 0.01 $ 0.03
Diluted (in dollars per share) $ 0 $ 0.02 $ 0.01 $ 0.03
Weighted average common shares outstanding:        
Basic (in shares) 11,493 11,464 11,489 11,460
Diluted (in shares) 11,497 11,483 11,496 11,481