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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) |  |
Net Sales | $ 113,370 | $ 112,335
Cost of Goods Sold | 100,059 | 100,217
Gross Profit | 13,311 | 12,118
Operating Expenses |  |
Selling Expenses | 3,629 | 4,747
General and Administrative Expenses | 8,433 | 8,086
Impairment of Goodwill | 0 | 908
Gain on Sale of Property and Equipment |  | (355)
Total Operating Expenses | 12,062 | 13,386
Income from Operations | 1,249 | (1,268)
Other Expense |  |
Loss on Extinguishment of Debt |  | (175)
Interest Expense | (757) | (628)
Income (Loss) Before Income Taxes | 492 | (2,071)
Income Tax Expense | 326 | 375
Net Income (Loss) | $ 166 | $ (2,446)
Earnings (Loss) Per Common Share: |  |
Basic (in dollars per share) | $ 0.06 | $ (0.89)
Weighted Average Number of Common Shares Outstanding - Basic (in shares) | 2,692,382 | 2,745,602
Diluted (in dollars per share) | $ 0.06 | $ (0.89)
Weighted Average Number of Common Shares Outstanding - Dilutive (in shares) | 2,699,614 | 2,745,602
Other comprehensive income (loss) |  |
Foreign currency translation adjustment | $ (132) | $ (57)
Comprehensive income (loss), net of tax | $ 34 | $ (2,503)

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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=84228862&loc=d3e557-108580 + Details
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