Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 60,005 $ 62,071
Cost of sales 15,010 16,990
Gross profit 44,995 45,081
Operating expenses:    
Commissions expense 25,578 26,204
Selling, general and administrative expenses 17,846 18,208
Total operating expenses 43,424 44,412
Income from operations 1,571 669
Other income (expense), net (61) 821
Income before income taxes 1,510 1,490
Income tax provision 425 647
Net income $ 1,085 $ 843
Net income per common share:    
Basic (in dollars per share) $ 0.10 $ 0.08
Diluted (in dollars per share) $ 0.09 $ 0.07
Weighted-average number of common shares outstanding:    
Basic (in shares) 11,017 10,630
Diluted (in shares) 11,424 11,424