QUARTERLY INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY INFORMATION (UNAUDITED)

18.  QUARTERLY INFORMATION (UNAUDITED)

The following table sets forth selected quarterly financial data for 2015, 2014 and 2013 (in thousands, except share and per share data):

	2015 (by quarter)
		1			2			3			4
Revenues	$	991		$	1,695		$	1,181		$	902
Cost of Sales		286			798			321			539
Operating expenses		2,641			2,660			2,813			2,921
Loss from Operations		(1,936	)		(1,763	)		(1,953	)		(2,558	)
Interest expense (income), net		437			(2	)		1			11
Other expense (income), net		(46	)		—			(99	)		—
Income tax expense (benefit)		3			6			3			10
Net loss	$	(2,330	)	$	(1,767	)	$	(1,858	)	$	(2,579	)
Net loss per share:
Net loss	$	(0.03	)	$	(0.02	)	$	(0.02	)	$	(0.03	)
Preferred dividends	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic loss per share to common shareholders	$	(0.03	)	$	(0.02	)	$	(0.02	)	$	(0.03	)
Basic weighted-average shares outstanding		93,515,640			93,674,349			93,876,339			94,070,895

	2014 (by quarter)
		1			2			3			4
Revenues	$	1,063		$	937		$	919		$	1,240
Cost of Sales		251			232			248			261
Operating expenses		2,706			2,667			2,793			2,797
Loss from Operations		(1,894	)		(1,962	)		(2,122	)		(1,818	)
Interest expense (income), net		79			105			104			128
Other expense (income), net		(283	)		(5	)		(1	)		(8	)
Income tax expense (benefit)		—			12			3			10
Net loss	$	(1,690	)	$	(2,074	)	$	(2,228	)	$	(1,948	)
Net loss per share:
Net loss	$	(0.02	)	$	(0.02	)	$	(0.02	)	$	(0.02	)
Preferred dividends	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic loss per share to common shareholders	$	(0.02	)	$	(0.02	)	$	(0.02	)	$	(0.02	)
Basic weighted-average shares outstanding		88,604,221			91,930,400			93,162,548			93,384,834

	2013 (by quarter)
		1			2			3			4
Revenues	$	856		$	1,024		$	2,496		$	928
Cost of Sales		237			296			299			258
Operating expenses		2,316			2,306			2,375			2,504
Loss from Operations		(1,697	)		(1,578	)		(178	)		(1,834	)
Interest expense (income), net		1			73			73			74
Change in fair value of derivative liabilities		1,176			3,973			(470	)		97
Other expense (income), net		(104	)		(4	)		(123	)		(212	)
Income tax expense (benefit)		3			(1	)		3			3
Net income (loss)	$	(2,773	)	$	(5,619	)	$	339		$	(1,796	)
Net income (loss) per share:
Net income (loss)	$	(0.04	)	$	(0.07	)	$	0.00		$	(0.02	)
Preferred dividends	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic income (loss) per share to common shareholders	$	(0.04	)	$	(0.07	)	$	0.00		$	(0.02	)
Basic weighted-average shares outstanding		76,846,563			78,581,502			83,750,636			85,594,118