v3.22.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue, net	$ 33,060	$ 31,768
Cost of goods sold	24,188	23,558
Gross profit	8,872	8,210
Operating expenses:
Sales and marketing	2,318	1,982
General and administrative	4,310	4,052
Research and development	1,587	1,293
Merger-related costs	1,032	0
Other operating expenses	54	35
Total operating expenses	9,301	7,362
Operating (loss) income	(429)	848
Interest expense, net	(1)	(9)
Other expense, net	(152)	(77)
(Loss) income before income taxes	(582)	762
Income tax expense	15	90
Net (loss) income	(597)	672
Less: Income (loss) allocated to non-controlling interest	60	(42)
Net (loss) income attributable to Intricon shareholders	$ (657)	$ 714
(Loss) income per share attributable to Intricon shareholders:
Basic (loss) income per share attributable to Intricon shareholders: (in dollars per share)	$ (0.07)	$ 0.08
Diluted (loss) income per share attributable to Intricon shareholders: (in dollars per share)	$ (0.07)	$ 0.07
Average shares outstanding:
Basic (in shares)	9,256	8,994
Diluted (in shares)	9,256	9,607

This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 25
-Paragraph 23
-URI https://asc.fasb.org/extlink&oid=123586518&loc=d3e1043-128460

INTRICON CORP 10-Q