• Filing Date: 2020-08-03
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 2,677 $ 1,416 $ 4,273 $ 2,426
Cost of revenue 1,276 271 1,770 761
Gross profit 1,401 1,145 2,503 1,665
OPERATING EXPENSES:        
General and administrative expenses 2,937 2,116 5,728 3,658
Selling and marketing expenses 424 336 795 495
Research and development expenses 819 302 1,362 307
Operating expenses 4,180 2,754 7,885 4,460
Loss from operations (2,779) (1,609) (5,382) (2,795)
Other income (expense):        
Loss on extinguishment of debt (200) 0 (200) (1,113)
Interest expense (1,086) (1,334) (2,250) (1,543)
Other income (expense) 17 (36) 16 (34)
Gain on sale of business 3,636 0 3,636 0
Total other income (expense) 2,367 (1,370) 1,202 (2,690)
Loss before income taxes (412) (2,979) (4,180) (5,485)
Income tax provision (7) (12) (13) (24)
Net loss from continuing operations (419) (2,991) (4,193) (5,509)
Net loss from discontinued operations (199) (1,936) (213) (2,293)
Net loss $ (618) $ (4,927) $ (4,406) $ (7,802)
Loss per common share from continuing operations - basic and diluted $ (0.03) $ (0.17) $ (0.22) $ (0.32)
Loss per common share from held for sale and discontinued operations - basic and diluted (0.01) (0.10) (0.01) (0.12)
Loss per common share - basic and diluted $ (0.04) $ (0.27) $ (0.23) $ (0.44)
Weighted average shares outstanding        
Basic and diluted 22,829,084 19,369,399 22,224,417 19,135,176