Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue, net of returns, allowances and discounts $ 348 $ 499 $ 1,756 $ 1,354
Cost of revenues 361 400 1,371 1,335
Gross profit/(loss) (13) 99 385 19
Operating expenses        
Selling, general and administrative 745 1,522 3,892 4,057
Business development costs 212 0 413 635
Total operating expenses 957 1,522 4,305 4,692
Loss from operations (970) (1,423) (3,920) (4,673)
Other (expense) income        
Interest income 8 1 12 5
Change in fair value of warrant liability (22) 35 (56) 404
Loss on early extinguishment of debt, net 0 (182) (1,706) (182)
Total other (expense) income (14) (146) (1,750) 227
Loss from continuing operations before tax (984) (1,569) (5,670) (4,446)
Income tax expense 0 (3) 0 (9)
Loss from continuing operations (984) (1,572) (5,670) (4,455)
Discontinued operations:        
Gain/(loss) from discontinued operations, net of tax of $0, for the three and nine months ended September 30, 2018 and 2017 204 (2,828) (7,003) (11,145)
Gain on sale of assets, net of tax of ($0.026) million and $0.5 million for the three and nine months ended September 30, 2018, respectively 26 1,700 5,546 1,700
Income/(loss) from discontinued operations, net of tax 230 (1,128) (1,457) (9,445)
Net loss $ (754) $ (2,700) $ (7,127) $ (13,900)
Net loss per basic and diluted common share:        
Loss from continuing operations $ (0.20) $ (0.33) $ (1.16) $ (1.08)
Income/(loss) from discontinued operations 0.04 (0.59) (1.43) (2.70)
Gain on sale of assets 0.01 0.36 1.13 0.41
Total from discontinued operations 0.05 (0.23) (0.30) (2.29)
Net loss per basic and diluted common share $ (0.15) $ (0.56) $ (1.46) $ (3.37)
Weighted average shares used in computing net loss per basic and diluted common share 4,984,923 4,753,789 4,902,657 4,125,653