Income Statement

v3.7.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Net sales $ 28,010 $ 28,470
Cost of goods sold 23,650 24,365
Gross profit 4,360 4,105
Research and development costs 537 593
Selling, general and administrative expense 2,713 2,485
Operating income 1,110 1,027
Other income (expense)    
Interest expense (878) (1,274)
Other expense   (12)
Total other expense (878) (1,286)
Income (loss) before taxes 232 (259)
Net income (loss) $ 232 $ (259)
Earnings per share:    
Basic net income (loss) per share $ 0.03 $ (0.03)
Diluted net income (loss) per share $ 0.03 $ (0.03)
Weighted average common shares outstanding:    
Basic weighted average common shares outstanding 8,000 8,000
Diluted weighted average common shares outstanding 8,000 8,000
Pro forma (C corporation basis):    
Income tax expense (benefit) $ 84 $ (93)
Net income (loss) $ 148 $ (166)
Pro forma earnings per share:    
Basic net income (loss) per share $ 0.02 $ (0.02)
Diluted net income (loss) per share $ 0.02 $ (0.02)

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