Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue, net of returns, allowances and discounts $ 5,522 $ 4,467 $ 10,116 $ 8,424
Cost of revenues 1,850 1,599 3,510 3,189
Gross profit 3,672 2,868 6,606 5,235
Operating expenses        
Selling, general and administrative 7,278 9,189 15,018 18,930
Royalties 209 258 394 475
Research and product development 9 328 120 527
Acquisition-related 0 104 635 104
Change in fair value of contingent consideration liability 1 (9,092) 35 (8,730)
Total operating expenses 7,497 787 16,202 11,306
(Loss) income from operations (3,825) 2,081 (9,596) (6,071)
Other (expense) income        
Interest expense (596) (653) (1,169) (1,271)
Interest income 2 7 4 15
Change in fair value of warrant liability 251 (75) 369 662
Warrant modification expense (33) 0 (803) 0
Total other expense (376) (721) (1,599) (594)
(Loss) income from continuing operations before tax (4,201) 1,360 (11,195) (6,665)
Income tax expense (3) (3) (6) (6)
(Loss) income from continuing operations (4,204) 1,357 (11,201) (6,671)
Discontinued operations:        
Income from discontinued operations, net of tax of $0 for the three and six months ended June 30, 2017 and 2016 0 504 0 850
Gain on sale of assets, net of tax of $0 for the three and six months ended June 30, 2017 and 2016 0 3,311 0 3,311
Income from discontinued operations, net of tax 0 3,815 0 4,161
Net (loss) income $ (4,204) $ 5,172 $ (11,201) $ (2,510)
Net (loss) income per basic common share:        
(Loss) income from continuing operations $ (0.09) $ 0.05 $ (0.29) $ (0.24)
Income from discontinued operations 0 0.02 0 0.03
Gain on sale of assets 0 0.11 0 0.12
Total 0 0.13 0 0.15
Net (loss) income per basic common share (0.09) 0.18 (0.29) (0.09)
Net (loss) income per diluted common share:        
(Loss) income from continuing operations (0.09) 0.05 (0.29) (0.24)
Income from discontinued operations 0 0.02 0 0.03
Gain on sale of assets 0 0.11 0 0.12
Total 0 0.13 0 0.15
Net (loss) income per diluted common share $ (0.09) $ 0.18 $ (0.29) $ (0.09)
Weighted average shares used in computing net (loss) income per common share:        
Basic 45,236,890 28,169,843 38,015,273 27,731,465
Diluted 45,236,890 28,568,600 38,015,273 27,731,465