Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue, net of returns, allowances and discounts $ 4,901 $ 4,375 $ 14,108 $ 11,851
Cost of revenues 1,538 1,608 4,765 4,493
Gross profit 3,363 2,767 9,343 7,358
Operating expenses        
Selling, general and administrative 7,004 8,458 21,729 27,019
Royalties 200 271 593 746
Research and product development 1 164 121 692
Milestone expense to licensor 0 1,000 0 1,000
Acquisition-related 0 715 635 819
Change in fair value of contingent consideration liability 0 97 35 (8,634)
Total operating expenses 7,205 10,705 23,113 21,642
Loss from operations (3,842) (7,938) (13,770) (14,284)
Other (expense) income        
Interest expense (577) (685) (1,746) (1,957)
Interest income 1 9 5 24
Change in fair value of warrant liability 35 135 404 797
Warrant modification expense 0 0 (803) 0
Loss on early extinguishment of debt, net (214) (373) (214) (373)
Other income 67 100 67 100
Total other expense (688) (814) (2,287) (1,409)
Loss from continuing operations before tax (4,530) (8,752) (16,057) (15,693)
Income tax expense (3) (3) (9) (9)
Loss from continuing operations (4,533) (8,755) (16,066) (15,702)
Discontinued operations:        
Income from discontinued operations, net of tax of $0 for the three and nine months ended September 30, 2017 and 2016 133 167 466 1,293
Gain on sale of assets, net of tax of $0 for the three and nine months ended September 30, 2017 and 2016 1,700 0 1,700 3,311
Income from discontinued operations, net of tax 1,833 167 2,166 4,604
Net loss $ (2,700) $ (8,588) $ (13,900) $ (11,098)
Net loss per basic and diluted common share:        
Loss from continuing operations $ (0.95) $ (3.11) $ (3.89) $ (5.63)
Income from discontinued operations 0.03 0.06 0.11 0.46
Gain on sale of assets 0.36 0 0.41 1.19
Total from discontinued operations 0.39 0.06 0.52 1.65
Net loss per basic and diluted common share $ (0.56) $ (3.05) $ (3.37) $ (3.98)
Weighted average shares used in computing net loss per basic and diluted common share 4,753,789 2,819,567 4,125,653 2,788,696