Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Loss and Comprehensive Loss

v3.8.0.1
Condensed Consolidated Statements of Loss and Comprehensive Loss - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Condensed Consolidated Statements of Loss and Comprehensive Loss [Abstract]    
Sales $ 16,773,685 $ 20,800,079
Cost of sales 11,595,066 14,835,014
Gross profit 5,178,619 5,965,065
Operating expenses:    
Selling, general and administrative expenses 7,152,840 7,037,255
Restructuring expense 0 387,638
Total operating expenses 7,152,840 7,424,893
Operating loss (1,974,221) (1,459,828)
Other income (expenses):    
Investment and other income 104,121 41,686
Gain (Loss) on sale of assets 27,531 (17,800)
Interest and other expense (9,706) (9,559)
Other income, net 121,946 14,327
Loss from operations before income taxes (1,852,275) (1,445,501)
Income tax expense 7,570 70,011
Net loss (1,859,845) (1,515,512)
Other comprehensive income (loss), net of tax:    
Unrealized loss on available-for-sale securities (6,432) (1,784)
Foreign currency translation adjustment 34,094 (4,988)
Total other comprehensive income (loss) 27,662 (6,772)
Comprehensive loss $ (1,832,183) $ (1,522,284)
Basic net loss per share: $ (0.21) $ (0.17)
Diluted net loss per share: $ (0.21) $ (0.17)
Weighted Average Basic Shares Outstanding 9,000,185 8,894,195
Weighted Average Dilutive Shares Outstanding 9,000,185 8,894,195
Dividends declared per share $ 0.04 $ 0.04