Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenue, net of returns, allowances and discounts $ 2,216 $ 2,019
Cost of revenues 1,720 1,841
Gross profit 496 178
Operating expenses    
Selling, general and administrative 4,778 5,303
Business development costs/(benefit) 1,014 (365)
Total operating expenses 5,792 4,938
Loss from operations (5,296) (4,760)
Other (expense) income    
Interest income 24 6
Change in fair value of warrant liability (26) 692
Loss on early extinguishment of debt, net (1,706) (182)
Total other (expense) income (1,708) 516
Loss from continuing operations before tax (7,004) (4,244)
Income tax expense 0 0
Loss from continuing operations (7,004) (4,244)
Discontinued operations:    
Loss from discontinued operations, net of tax of $0 and $0.7 million for the years ended December 31, 2018 and 2017, respectively (6,901) (23,159)
Gain on sale of assets, $0.5 million and $0 for the years ended December 31, 2018 and 2017, respectively 5,488 1,696
Loss from discontinued operations, net of tax (1,413) (21,463)
Net loss $ (8,417) $ (25,707)
Net loss per basic and diluted common share:    
Loss from continuing operations $ (1.42) $ (0.99)
Discontinued operations:    
Loss from discontinued operations, net of tax of $0 and $0.7 million for the years ended December 31, 2018 and 2017, respectively (1.40) (5.40)
Gain on sale of assets, $0.5 million and $0 for the years ended December 31, 2018 and 2017, respectively 1.11 0.40
Total from discontinued operations (0.29) (5.00)
Net loss per basic and diluted common share $ (1.71) $ (5.99)
Weighted average shares used in computing net loss per basic and diluted common share 4,923,393 4,291,600