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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2020
QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract] |
Quarterly Financial Information | The Company is providing quarterly and year-to-date unaudited consolidated financial information for interim periods occurring within the years ended December 31, 2020 and 2019 in order to comply with SEC requirements.
(in thousands, except share and per share data) 2020 |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
Net sales |  | $ | 17,145 |  |  | $ | 9,146 |  |  | $ | 15,990 |  |  | $ | 21,803 |
Gross profit |  |  | 9,866 |  |  |  | 5,243 |  |  |  | 9,289 |  |  |  | 11,660 |
Net loss |  |  | (1,738 | ) |  |  | (1,775 | ) |  |  | (982 | ) |  |  | (406 | )
Net loss per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.19 | ) |  | $ | (0.20 | ) |  | $ | (0.11 | ) |  | $ | (0.04 | )
Diluted (1) |  | $ | (0.19 | ) |  | $ | (0.20 | ) |  | $ | (0.11 | ) |  | $ | (0.04 | )
Weighted average number of common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 9,029,212 |  |  |  | 9,042,991 |  |  |  | 9,042,991 |  |  |  | 9,134,621 |
Diluted |  |  | 9,029,212 |  |  |  | 9,042,991 |  |  |  | 9,042,991 |  |  |  | 9,134,621 |
(1) For the three months ended March 31, 2020, June 30, 2020, September 30, 2020, and December 31, 2020, there were 492, 2,290, 1,875 and 3,300 shares, respectively, excluded from the diluted EPS calculation because the impact of their assumed exercise would be anti-dilutive due to a net loss in those periods.
|  | First Quarter Restated |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
(in thousands, except share and per share data) 2019 |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 20,941 |  |  | $ | 17,197 |  |  | $ | 16,311 |  |  | $ | 20,469 |
Gross profit |  |  | 12,245 |  |  |  | 9,370 |  |  |  | 8,849 |  |  |  | 11,495 |
Net income (loss) |  |  | 1,520 |  |  |  | (875 | ) |  |  | (1,719 | ) |  |  | (829 | )
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.17 |  |  | $ | (0.10 | ) |  | $ | (0.19 | ) |  | $ | (0.09 | )
Diluted (2) |  | $ | 0.17 |  |  | $ | (0.10 | ) |  | $ | (0.19 | ) |  | $ | (0.09 | )
Weighted average number of common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 9,009,752 |  |  |  | 8,933,648 |  |  |  | 8,932,246 |  |  |  | 9,020,187 |
Diluted |  |  | 9,011,107 |  |  |  | 8,933,648 |  |  |  | 8,932,246 |  |  |  | 9,020,187 |
(2) For the three months ended June 30, 2019, September 30, 2019 and December 31, 2019, there were 2,290, 2,704 and 8,387 shares, respectively, excluded from the diluted EPS calculation because the impact of their assumed exercise would be anti-dilutive due to a net loss in those periods.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124502072&loc=d3e1280-108306 + Details
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