Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 31,833 $ 14,177 $ 89,184 $ 33,426
Cost of sales 6,756 3,362 19,517 8,160
Gross profit 25,077 10,815 69,667 25,266
Operating expenses:        
Distributor commissions 14,509 6,259 40,390 14,376
Selling, general and administrative expenses (including stock-based compensation expense of $29 and $8 during the three months ended September 30, 2013 and 2014, respectively, and $82 and $42 during the nine months ended September 30, 2013 and 2014, respectively) 5,076 3,216 14,454 8,270
Depreciation and amortization 28 13 72 53
Total operating expenses 19,613 9,488 54,916 22,699
Income from operations 5,464 1,327 14,751 2,567
Other income (expense), net (31) 15 (39) (6)
Income before income taxes 5,433 1,342 14,712 2,561
Income tax provision 46 21 144 49
Net income 5,387 1,321 14,568 2,512
Preferred stock dividends (2) (4) (9) (12)
Net income available to common stockholders $ 5,385 $ 1,317 $ 14,559 $ 2,500
Income per common share:        
Basic (in Dollars per share) $ 0.43 $ 0.12 $ 1.22 $ 0.22
Diluted (in Dollars per share) $ 0.42 $ 0.12 $ 1.16 $ 0.22
Weighted-average number of common shares outstanding:        
Basic (in Shares) 12,455 11,181 11,883 11,128
Diluted (in Shares) 12,774 11,312 12,424 11,294
Cash dividends declared per share:        
Common (in Dollars per share) $ 0.010   $ 0.020  
Series A Preferred Stock [Member]
       
Cash dividends declared per share:        
Series A preferred stock (in Dollars per share) $ 0.027   $ 0.862