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v3.7.0.1

Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015
Income Statement [Abstract] |  |  |
Net sales |  | $ 37,812 | $ 49,083
Cost of sales |  | 36,796 | 42,493
Gross profit |  | 1,016 | 6,590
Operating expenses: |  |  |
Research and development |  | 962 | 769
Selling and marketing |  | 2,181 | 2,380
General and administrative |  | 5,242 | 5,782
Total operating expenses |  | 8,385 | 8,931
Loss from operations |  | (7,369) | (2,341)
Net equity income from foreign joint ventures’ operations: |  |  |
Equity income from foreign joint ventures’ operations |  | 529 | 741
Foreign joint ventures’ operations related expenses |  | (245) | (393)
Net equity income from foreign joint ventures’ operations |  | 284 | 348
Loss from operations and net equity income from foreign joint ventures’ operations |  | (7,085) | (1,993)
Other income (expense): |  |  |
Interest expense and other, net |  | 69 | (172)
Loss before income taxes |  | (7,016) | (2,165)
Provision for (benefit from) income taxes |  | 44 | 428
Net loss before dividends on redeemable convertible preferred stock |  | (7,060) | (2,593)
Dividends on redeemable convertible preferred stock |  | (353) | (349)
Net loss attributable to common stockholders | [1],[2] | $ (7,413) | $ (2,942)
Earnings (loss) per common share: |  |  |
Basic |  | $ (0.89) | $ (0.36)
Diluted |  | $ (0.89) | $ (0.36)
Weighted - average number of common shares outstanding: |  |  |
Basic |  | 8,305,764 | 8,241,585
Diluted |  | 8,305,764 | 8,241,585
[1] | Net income (loss) represents net income (loss) from continuing operations less the dividends on redeemable convertible preferred stock.
[2] | Net of preferred dividends of $353 and $349 in 2016 and 2015, respectively.

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