Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
Revenues, net of returns and allowances $ 20,692,000 $ 23,225,000
Cost of sales 12,518,000 14,205,000
Gross profit 8,174,000 9,020,000
Selling, general and administrative 5,915,000 6,626,000
Research, development and engineering 622,000 866,000
Restructuring charges   864,000
Operating income 1,637,000 664,000
Loss on sale of subsidiary (2,793,000)  
Interest income and other, net (70,000) 166,000
(Loss) income from continuing operations before income taxes (1,226,000) 830,000
Income tax provision 41,000 582,000
(Loss) income from continuing operations, net of tax (1,267,000) 248,000
Loss from discontinued operations, net of tax (665,000) (2,620,000)
Net loss $ (1,932,000) $ (2,372,000)
(Loss) Income Per Basic Share:    
Basic (loss) income per share from continuing operations $ (0.09) $ 0.02
Basic loss per share from discontinued operations (0.05) (0.18)
Net loss per basic share (0.14) (0.16)
(Loss) Income Per Diluted Share:    
Diluted (loss) income per share from continuing operations (0.09) 0.02
Diluted loss per share from discontinued operations (0.05) (0.18)
Net loss per diluted share $ (0.14) $ (0.16)
Weighted average shares outstanding - basic 14,290 14,220
Weighted average shares outstanding - diluted 14,290 14,252