Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 16,404 $ 23,428 $ 31,352 $ 42,756
Cost of sales 4,817 5,407 9,331 10,631
Gross profit 11,587 18,021 22,021 32,125
Operating expenses:        
Commissions expense 7,113 11,398 13,716 20,896
Selling, general and administrative expenses 4,291 6,627 9,570 13,942
Total operating expenses 11,404 18,025 23,286 34,838
Income (loss) from operations 183 (4) (1,265) (2,713)
Other income, net 125 373 218 805
Income (loss) before income taxes 308 369 (1,047) (1,908)
Income tax provision (benefit) 274 (28) (508) (382)
Net income (loss) $ 34 $ 397 $ (539) $ (1,526)
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.00 $ 0.04 $ (0.05) $ (0.14)
Diluted (in dollars per share) $ 0.00 $ 0.04 $ (0.05) $ (0.14)
Weighted-average common shares outstanding:        
Basic (in shares) 10,580 11,082 10,532 11,207
Diluted (in shares) 11,424 11,135 10,532 11,207