Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Net sales $ 62,071 $ 77,614
Cost of sales 16,990 20,104
Gross profit 45,081 57,510
Operating expenses:    
Commissions expense 26,204 35,549
Selling, general and administrative expenses 18,208 27,220
Goodwill impairment 0 1,764
Total operating expenses 44,412 64,533
Income (loss) from operations 669 (7,023)
Other income, net 821 1,426
Income (loss) before income taxes 1,490 (5,597)
Income tax provision 647 14
Net income (loss) $ 843 $ (5,611)
Net income (loss) per common share:    
Basic (in dollars per share) $ 0.08 $ (0.52)
Diluted (in dollars per share) $ 0.07 $ (0.52)
Weighted-average number of common shares outstanding:    
Basic (in shares) 10,630 10,871
Diluted (in shares) 11,424 10,871