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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Product sales $ 1,815,000 $ 1,588,000 $ 3,437,000 $ 3,237,000
Total revenue 1,815,000 1,588,000 3,437,000 3,237,000
Expenses        
Cost of sales 516,000 409,000 934,000 848,000
Research and development 567,000 1,411,000 1,685,000 2,369,000
Selling and marketing 602,000 679,000 1,256,000 1,348,000
General and administrative 1,067,000 1,332,000 2,465,000 2,980,000
Total expenses 2,752,000 3,831,000 6,340,000 7,545,000
Loss from operating activities (937,000) (2,243,000) (2,903,000) (4,308,000)
Other income (expense)        
Change in fair value of warrant liability 1,702,000 1,271,000 2,381,000 1,894,000
Warrant exchange inducement expense   (3,445,000)   (3,445,000)
Interest expense (2,000) (1,000) (3,000) (2,000)
Warrant modification expense (40,000)   (40,000)  
Sublease income   8,000 1,000 16,000
Total other income (expense), net 1,660,000 (2,167,000) 2,339,000 (1,537,000)
Income (loss) before income taxes 723,000 (4,410,000) (564,000) (5,845,000)
Provision for income taxes     0  
Net income (loss) 723,000 (4,410,000) (564,000) (5,845,000)
Net income (loss) applicable to common stockholders $ 723,000 $ (4,410,000) $ (564,000) $ (5,845,000)
Net income (loss) per common share-basic [1] $ 0.40 $ (3.88) $ (0.33) $ (5.41)
Net income (loss) per common share-diluted [1] $ (0.52) $ (3.88) $ (1.61) $ (5.41)
Weighted average shares-basic [1] 1,800 1,138 1,719 1,081
Weighted average shares-diluted [1] 1,881 1,138 1,829 1,081
[1] See Note 1, "Reverse Stock Split"