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Quarterly Results of Operation (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operation (Unaudited)
23. Quarterly Results of Operation (Unaudited)

The following is a summary of the Company’s unaudited quarterly results of operations for the fiscal years ended December 31, 2015 and 2014 (in thousands, except per share amounts):

 

     Fiscal Year Ended December 31, 2015  
     1st
Quarter
    2nd
Quarter
    3rd
Quarter
    4th
Quarter
    Total
Year
 

Total revenues

   $ —        $ —        $ —        $ —        $ —     

Cost of goods sold

     —          —          —          —          —     

Amortization of intangible assets

     125        126        338        1,596        2,185   

Acquisition related costs

     —          —          4,003        228        4,231   

Other operating expenses

     9,714        8,942        9,223        12,076        39,955   

Interest expense, net

     281        280        436        604        1,601   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income taxes

     (10,120 )     (9,348 )     (14,000 )     (14,504 )     (47,972 )

Income tax benefit

     —          —          99        925        1,024   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

   $ (10,120 )   $ (9,348 )   $ (13,901 )   $ (13,579 )   $ (46,948 )
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share – basic and diluted

   $ (0.16   $ (0.14   $ (0.16   $ (0.13 )   $ (0.59
     Fiscal Year Ended December 31, 2014  
     1st
Quarter
    2nd
Quarter
    3rd
Quarter
    4th
Quarter
    Total
Year
 

Total revenues

   $ 93      $ 113      $ 61      $ 134      $ 401   

Cost of goods sold

     220        238        202        435        1,095   

Amortization of intangible assets

     126        126        125        126        503   

Other operating expenses

     6,905        10,130        11,004        7,373        35,412   

Interest expense, net

     321        206        237        279        1,043   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income taxes

     (7,479 )     (10,587 )     (11,507 )     (8,079 )     (37,652 )

Income tax benefit

     —          —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

   $ (7,479 )   $ (10,587 )   $ (11,507 )   $ (8,079 )   $ (37,652 )
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share – basic and diluted

   $ (0.15   $ (0.18   $ (0.18   $ (0.13   $ (0.64 )