XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues $ 40,389 $ 54,614 $ 119,608 $ 158,174
Cost of sales 38,315 50,876 115,054 142,847
Gross profit 2,074 3,738 4,554 15,327
OPERATING EXPENSES:        
Selling, general and administrative 3,888 4,030 12,623 12,537
Intangible amortization 183 183 550 550
Total operating expenses 4,071 4,213 13,173 13,087
Operating (loss) income (1,997) (475) (8,619) 2,240
OTHER (EXPENSE) INCOME, net:        
Paycheck Protection Program loan forgiveness 0 0 9,151 0
Interest expense, net (269) (507) (816) (1,654)
Other, net 185 (1) 7,322 (3)
Total other (expense) income, net (84) (508) 15,657 (1,657)
Net (loss) income before provision for income taxes (2,081) (983) 7,038 583
Provision for income taxes 24 20 101 103
NET (LOSS) INCOME $ (2,105) $ (1,003) $ 6,937 $ 480
NET (LOSS) INCOME PER COMMON SHARE—BASIC:        
Net (loss) income (in dollars per share) $ (0.11) $ (0.06) $ 0.38 $ 0.03
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares) 19,417,675 16,866,134 18,460,444 16,741,481
NET (LOSS) INCOME PER COMMON SHARE—DILUTED:        
Net (loss) income (in dollars per share) $ (0.11) $ (0.06) $ 0.36 $ 0.03
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares) 19,417,675 16,866,134 19,218,420 17,278,401