NOTE 12—QUARTERLY FINANCIAL INFORMATION (Unaudited)

The following table presents unaudited selected quarterly financial information (in thousands, except per share data) for the periods indicated. This information has been derived from the Company’s unaudited quarterly consolidated financial statements, which in the opinion of management include adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of such information. These operating results are not necessarily indicative of results for any future period.


	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
Year Ended December 31, 2015
Net sales	$	14,517	$	10,945		$	12,179		$	10,192
Gross profit		2,554		1,608			2,001			1,256
Net income (loss)		532		(678	)		(138	)		(959	)
Basic and diluted net income (loss) per share		0.04		(0.05	)		(0.01	)		(0.07	)

Year Ended December 31, 2014
Net sales	$	11,624	$	10,445		$	8,138		$	17,937
Gross profit		2,073		2,029			1,195			2,956
Net income (loss)		55		109			(633	)		730
Basic and diluted net income (loss) per share		0.00		0.01			(0.04	)		0.05