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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 13,780 $ 14,283 $ 41,393 $ 43,561
Cost of sales 11,219 13,788 34,505 38,603
Gross profit 2,561 495 6,888 4,958
Operating expenses:        
Research and development 276 425 504 651
Selling and marketing 546 617 1,642 1,850
General and administrative 1,523 1,640 4,046 3,995
Total operating expenses 2,345 2,682 6,192 6,496
Income (loss) from consolidated continuing operations 216 (2,187) 696 (1,538)
Net equity income from foreign joint ventures’ operations:        
Equity income from foreign joint ventures’ operations 225 350 625 1,934
Foreign joint ventures’ operations related expenses (103) (122) (310) (412)
Net equity income from foreign joint ventures’ operations 122 228 315 1,522
Income (loss) from consolidated continuing operations and net equity income from foreign joint ventures’ operations 338 (1,959) 1,011 (16)
Other income (expense):        
Interest expense and other, net (93) (23) (157) (56)
Foreign transaction gain (loss) (134)      
Continuing operations income (loss) before income taxes 111 (1,982) 854 (72)
Provision for (benefit from) income taxes on continuing operations (93)   (171)  
Net income (loss) from continuing operations 204 (1,982) 1,025 (72)
Discontinued operations income (loss)   (21)   (2,673)
Net income (loss) from discontinued operations   (21)   (2,673)
Net income (loss) before dividends on redeemable convertible preferred stock 204 (2,003) 1,025 (2,745)
Dividends on redeemable convertible preferred stock (87) (86) (261) (258)
Net income (loss) attributable to common stockholders $ 117 $ (2,089) $ 764 $ (3,003)
Earnings (loss) from continuing operations per common share:        
Basic $ 0.01 $ (0.25) $ 0.09 $ (0.04)
Diluted $ 0.01 $ (0.25) $ 0.08 $ (0.04)
Weighted - average number of common shares outstanding:        
Basic 8,252,396 8,180,970 8,236,212 8,137,133
Diluted 8,252,396 8,180,970 9,277,929 8,137,133
Loss per common share from discontinued operations:        
Basic and diluted   $ (0.01)   $ (0.33)
Total earnings (loss) per common share:        
Basic $ 0.01 (0.26) $ 0.09 (0.37)
Diluted $ 0.01 $ (0.26) $ 0.08 $ (0.37)
Continuing Operations        
Weighted - average number of common shares outstanding:        
Basic 8,252,396 8,180,970 8,236,212 8,137,133
Diluted 8,252,396 8,180,970 9,277,929 8,137,133