Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Loss And Comprehensive Loss

v3.7.0.1
Condensed Consolidated Statements Of Loss And Comprehensive Loss - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Condensed Consolidated Statements Of Loss And Comprehensive Loss [Abstract]    
Sales $ 20,800,079 $ 24,666,444
Cost of sales 14,835,014 17,897,426
Gross profit 5,965,065 6,769,018
Operating expenses:    
Selling, general and administrative expenses 7,037,255 9,637,061
Pension liability adjustment gains   (4,147,836)
Restructuring expense 387,638  
Total operating expenses 7,424,893 5,489,225
Operating (loss) income (1,459,828) 1,279,793
Other income (expenses):    
Investment and other income 41,686 27,652
(Loss) Gain on sale of assets (17,800) 808,322
Interest and other expense (9,559) (9,071)
Foreign currency translation loss   (4,238,497)
Other income (expense), net 14,327 (3,411,594)
Loss from operations before income taxes (1,445,501) (2,131,801)
Income tax expense 70,011 334,866
Net loss (1,515,512) (2,466,667)
Other comprehensive income (loss), net of tax:    
Additional minimum pension liability adjustments   (4,147,836)
Unrealized gain on available-for-sale securities (1,784) 37,003
Foreign currency translation adjustment (4,988) 4,324,966
Total other comprehensive (loss) income (6,772) 214,133
Comprehensive loss $ (1,522,284) $ (2,252,534)
Basic net loss per share: $ (0.17) $ (0.28)
Diluted net loss per share: $ (0.17) $ (0.28)
Weighted Average Basic Shares Outstanding 8,894,195 8,859,865
Weighted Average Dilutive Shares Outstanding 8,894,195 8,859,865
Dividends declared per share $ 0.04 $ 0.16