Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.22.2.2
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net Sales $ 1,707 $ 4,136 $ 9,690 $ 12,273
Cost of Sales 1,954 3,170 7,971 10,398
Gross profit (loss) (247) 966 1,719 1,875
Operating Expenses        
Sales and marketing 328 372 1,134 1,119
Research and development 319 533 1,145 1,485
General and administrative 1,482 823 3,648 2,796
Total operating expenses 2,129 1,728 5,927 5,400
Loss from operations (2,376) (762) (4,208) (3,525)
Other income (expenses)        
Interest expense and finance costs (12) (14) (39) (46)
Gain on forgiveness of PPP loan payable 1,715 1,715
Other income (expense), net 7 3 7 29
Total other income (expenses), net (5) 1,704 (32) 1,698
Net income (loss) $ (2,381) $ 942 $ (4,240) $ (1,827)
Net income (loss) per share – basic $ (0.19) $ 0.07 $ (0.33) $ (0.14)
Net income (loss) per share – diluted $ (0.19) $ 0.07 $ (0.33) $ (0.14)
Weighted average shares outstanding, basic 12,848,466 12,788,203 12,967,027 12,697,683
Weighted average shares outstanding, diluted 12,848,466 12,807,361 12,967,027 12,697,683