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SUPPLEMENTAL UNAUDITED QUARTERLY FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]  
SELECTED UNAUDITED QUARTERLY FINANCIAL INFORMATION
SUPPLEMENTAL UNAUDITED QUARTERLY FINANCIAL INFORMATION

The following table sets forth certain unaudited quarterly data for each of the four quarters in the years ended December 31, 2017 and 2016, respectively. The data has been derived from the Company’s unaudited consolidated financial statements that, in management’s opinion, include all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of such information when read in conjunction with the Consolidated Financial Statements and Notes thereto. The results of operations for any quarter are not necessarily indicative of the results of operations for any future period.
(In thousands, except per share data)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Year ended December 31, 2017
 
 
 
 
 
 
 
Sales
$
8,389

 
$
9,799

 
$
9,347

 
$
11,348

Gross profit
4,226

 
5,042

 
4,594

 
5,899

Net loss attributable to common shareholders
(1,685
)
 
(1,308
)
 
(1,245
)
 
(824
)*
Basic loss per common share
$
(0.05
)
 
$
(0.04
)
 
$
(0.04
)
 
$
(0.03
)
 
 
 
 
 
 
 
 
Year ended December 31, 2016
 
 
 
 
 
 
 
Sales
$
7,775

 
$
9,295

 
$
10,063

 
$
9,494

Gross profit
3,323

 
4,700

 
5,062

 
4,830

Net loss attributable to common shareholders
(1,944
)
 
(519
)
 
(964
)
 
(523
)
Basic loss per common share
$
(0.07
)
 
$
(0.02
)
 
$
(0.04
)
 
$
(0.02
)

*Fourth quarter 2017 period includes approximately $1.5 million of non-recurring severance and expenses related to former members of the Company’s executive management team and related closure of the corporate office in Purchase, New York.