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SUPPLEMENTAL UNAUDITED QUARTERLY FINANCIAL INFORMATION OF CONTINUING OPERATIONS
 12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]  
SUPPLEMENTAL UNAUDITED QUARTERLY FINANCIAL INFORMATION OF CONTINUING OPERATIONS
SUPPLEMENTAL UNAUDITED QUARTERLY FINANCIAL INFORMATION OF CONTINUING OPERATIONS

The following table sets forth certain unaudited quarterly data of continuing operations for each of the four quarters in the years ended December 31, 2018, and 2017, 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, 2018
 
 
 
 
 
 
 
Sales
$
3,397

 
$
3,691

 
$
3,672

 
$
5,926

Gross profit
2,212

 
2,537

 
2,521

 
3,523

Net income (loss)
(2,791
)

(2,938
)

(438
)

(3,327
)
Basic income (loss) per common share
(0.08
)
 
(0.09
)
 
(0.01
)
 
(0.10
)
 
 
 
 
 
 
 
 
Year ended December 31, 2017
 
 
 
 
 
 
 
Sales
$
1,614

 
$
2,311

 
$
2,651

 
$
3,658

Gross profit
777

 
1,572

 
1,913

 
2,696

Net income (loss)
(3,898
)
 
(3,867
)
 
(2,944
)
 
(2,973
)
Basic income (loss) per common share
(0.13
)
 
(0.13
)
 
(0.09
)
 
(0.09
)


*Fourth quarter 2018 and 2017 period includes approximately $0.7 million and $1.5 million, respectively, 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.