• Filing Date: 2019-11-15
  • Form Type: 10-Q/A
  • Description: Quarterly report (Amendment)
v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Technology $ 1,536 $ 892 $ 3,962 $ 2,639
Professional Services 3,447 5,015 10,922 12,632
Total revenue 4,983 5,907 14,884 15,271
Cost of revenue:        
Technology 390 405 1,152 1,101
Professional Services 1,842 2,561 5,868 6,433
Total cost of revenue 2,232 2,966 7,020 7,534
Gross profit:        
Technology 1,146 487 2,810 1,538
Professional Services 1,605 2,454 5,054 6,199
Gross profit 2,751 2,941 7,864 7,737
OPERATING EXPENSES:        
General and administrative expenses 3,039 2,954 10,435 9,953
Selling and marketing expenses 1,343 297 2,012 1,095
Research and development expenses 450 5 757 127
Impairment of intangible assets 0 0 1,549 0
Operating expenses 4,832 3,256 14,753 11,175
Loss from operations (2,081) (315) (6,889) (3,438)
Other income (expense):        
Loss on extinguishment of debt (45) 0 (1,158) 0
Interest expense (1,228) (214) (2,832) (412)
Other income (expense) (102) 1 (99) 201
Total other expense (1,375) (213) (4,089) (211)
Loss before income taxes (3,456) (528) (10,978) (3,649)
Income tax provision 0 0 0 0
Net loss from continuing operations (3,456) (528) (10,978) (3,649)
Income (loss) from operations held for sale (160) 47 (415) 52
Income tax provision from operations held for sale (12) (22) (35) (22)
Net income (loss) from operations held for sale (172) 25 (450) 30
Net loss $ (3,628) $ (503) $ (11,428) $ (3,619)
Loss per common share from continuing operations - basic and diluted $ (0.19) $ (0.06) $ (0.61) $ (0.31)
Income (loss) per common share from operations held for sale - basic and diluted (0.01) 0.01 (0.02) .00
Loss per common share - basic and diluted $ (0.20) $ (0.05) $ (0.63) $ (0.31)
Weighted average shares outstanding        
Basic and diluted 19,878,518 14,542,362 19,592,679 14,524,030