v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 14,124 $ 17,023 $ 45,476 $ 59,779
Cost of sales 3,635 4,371 12,966 15,002
Gross profit 10,489 12,652 32,510 44,777
Operating expenses:        
Commissions expense 5,620 7,362 19,336 28,258
Selling, general and administrative expenses 4,201 6,354 13,771 20,296
Total operating expenses 9,821 13,716 33,107 48,554
Income (loss) from operations 668 (1,064) (597) (3,777)
Other income, net 385 323 603 1,128
Income (loss) before income taxes 1,053 (741) 6 (2,649)
Income tax provision (benefit) 418 502 (90) 120
Net income (loss) $ 635 $ (1,243) $ 96 $ (2,769)
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.06 $ (0.12) $ 0.01 $ (0.25)
Diluted (in dollars per share) $ 0.06 $ (0.12) $ 0.01 $ (0.25)
Weighted-average common shares outstanding:        
Basic (in shares) 10,678 10,623 10,581 11,010
Diluted (in shares) 11,424 10,623 11,424 11,010

Source