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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 5,141,000 $ 4,416,000 $ 9,581,000 $ 8,328,000
Costs of revenues:        
Total costs of revenues 3,132,000 2,316,000 5,710,000 4,618,000
Gross profit 2,009,000 2,100,000 3,871,000 3,710,000
Selling, general and administrative expenses 1,727,000 1,631,000 3,500,000 3,595,000
Income from operations 282,000 469,000 371,000 115,000
Other income/(expense):        
Dividend income from Progressive Beef 30,000 30,000 60,000 60,000
Other income, net 2,000 1,000 4,000
Loan forgiveness from Paycheck Protection Program 1,037,000
Gain on sale of assets 9,000
(Loss)/gain on foreign currency exchange (5,000) (2,000) (7,000) 1,000
Interest expense (1,000) (3,000) (4,000) (5,000)
Income before income taxes 306,000 496,000 1,467,000 175,000
Income tax expense 104,000 145,000 115,000 65,000
Net income $ 202,000 $ 351,000 $ 1,352,000 $ 110,000
Per share - net income:        
Basic $ 0.03 $ 0.06 $ 0.22 $ 0.02
Diluted $ 0.03 $ 0.06 $ 0.22 $ 0.02
Weighted average number of common shares outstanding:        
Basic 6,100 6,219 6,151 6,228
Diluted 6,186 6,258 6,241 6,271
Verification and Certification Service Revenue [Member]        
Revenues:        
Total revenues $ 3,695,000 $ 3,108,000 $ 6,958,000 $ 5,911,000
Costs of revenues:        
Total costs of revenues 2,132,000 1,516,000 3,925,000 3,050,000
Consolidated [Member]        
Revenues:        
Total revenues 964,000 796,000 1,521,000 1,688,000
Costs of revenues:        
Total costs of revenues 648,000 501,000 1,003,000 1,105,000
Software and Related Consulting Revenue [Member]        
Revenues:        
Total revenues 482,000 512,000 935,000 896,000
Costs of revenues:        
Total costs of revenues $ 352,000 $ 299,000 $ 680,000 $ 565,000