XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues $ 50,843 $ 50,012 $ 99,716 $ 91,856
Cost of sales 42,510 47,618 84,407 87,450
Gross profit 8,333 2,394 15,309 4,406
OPERATING EXPENSES:        
Selling, general and administrative 5,952 4,122 11,478 8,024
Intangible amortization 165 184 333 367
Total operating expenses 6,117 4,306 11,811 8,391
Operating income (loss) 2,216 (1,912) 3,498 (3,985)
OTHER EXPENSE, net:        
Interest expense, net (751) (776) (1,239) (1,121)
Other, net (22) 0 (24) 21
Total other expense, net (773) (776) (1,263) (1,100)
Net income (loss) before provision for income taxes 1,443 (2,688) 2,235 (5,085)
Provision for income taxes 28 15 51 22
NET INCOME (LOSS) $ 1,415 $ (2,703) $ 2,184 $ (5,107)
NET INCOME (LOSS) PER COMMON SHARE—BASIC:        
Net income (loss) (in dollars per share) $ 0.07 $ (0.13) $ 0.10 $ (0.26)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares) 21,091,496 20,244,176 20,980,880 19,977,477
NET INCOME (LOSS) PER COMMON SHARE—DILUTED:        
Net income (loss) (in dollars per share) $ 0.07 $ (0.13) $ 0.10 $ (0.26)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares) 21,408,527 20,244,176 21,390,231 19,977,477