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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
License fees $ 357 $ 300 $ 676 $ 594
Royalties from product sales 117 76 274 174
Grant income 1,437 640 2,130 1,216
Sale of research products and services 98 91 188 189
Total revenues 2,009 1,107 3,268 2,173
Cost of sales (260) (252) (525) (383)
Gross Profit 1,749 855 2,743 1,790
OPERATING EXPENSES:        
Research and development (9,059) (9,081) (18,383) (17,470)
General and administrative (6,186) (4,836) (11,365) (8,503)
Total operating expenses (15,245) (13,917) (29,748) (25,973)
Loss from operations (13,496) (13,062) (27,005) (24,183)
OTHER INCOME/(EXPENSE):        
Interest income/(expense), net 4 (10) (79) (18)
Other income, net 225 165 35 234
Total other income, net 229 155 (44) 216
LOSS BEFORE INCOME TAX BENEFIT (13,267) (12,907) (27,049) (23,967)
Deferred income tax benefit 1,271 1,513 2,448 2,862
NET LOSS (11,996) (11,394) (24,601) (21,105)
Net loss attributable to non-controlling interest 2,305 1,874 4,736 3,496
NET LOSS ATTRIBUTABLE TO BIOTIME, INC. (9,691) (9,520) (19,865) (17,609)
Dividends on preferred shares (52) (34) (52) (34)
NET LOSS ATTRIBUTABLE TO BIOTIME, INC. COMMON SHAREHOLDERS $ (9,743) $ (9,554) $ (19,917) $ (17,643)
BASIC AND DILUTED NET LOSS PER COMMON SHARE (in dollars per share) $ (0.12) $ (0.16) $ (0.25) $ (0.29)
WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING: BASIC AND DILUTED (in shares) 78,362 61,498 78,312 59,887