XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)/ INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Software and devices $ 43 $ 11
Services - Consulting 0 75
Gaming 42 0
Revenues 85 86
Cost of revenues:    
Services - Consulting 0 63
Gaming 49 0
Cost of Revenues 49 63
Gross margin 36 23
Operating expenses:    
General and administrative 1,264 1,161
Sales and marketing 17 0
Research and development 60 0
Operating Expenses, Total 1,341 1,161
Operating loss (1,305) (1,138)
Other non-operating income:    
Interest and other income 3 24
Change in fair value of warrants 0 2,122
Other Nonoperating Income (Expense) 3 2,146
Net (loss) / income before income taxes and non-controlling interest (1,302) 1,008
Income tax benefit / (expense) 10 (3)
Net (loss) / income before non-controlling interest (1,292) 1,005
Net loss attributable to non-controlling interest 170 56
Net (loss) / income attributable to MGT (1,122) 1,061
Less:    
Quarterly dividend on Series A Preferred Stock 0 (61)
Net (loss) / income applicable to Common shareholders (1,122) 1,000
Per-share data:    
Basic net (loss) / income (in dollars per share) $ (0.13) $ 0.33
Diluted net (loss) / income per share (in dollars per share) $ (0.13) $ 0.24
Weighted average number of common shares outstanding - Dilutive (in shares) 8,796,041 4,614,577
Weighted average number of common shares outstanding - Basic (in shares) 8,796,041 3,075,802
Net (loss) / income as reported (1,292) 1,005
Other comprehensive (loss) / income:    
Comprehensive (loss) / income (1,292) 1,005
Comprehensive loss attributable to non-controlling interest 0 0
Comprehensive (loss) / income attributable to MGT $ (1,292) $ 1,005