• Filing Date: 2020-11-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue $ 2,126 $ 1,536 $ 6,399 $ 3,962
Cost of revenue 984 390 2,753 1,152
Gross profit 1,142 1,146 3,646 2,810
OPERATING EXPENSES:        
General and administrative expenses 3,168 2,600 8,896 6,259
Selling and marketing expenses 560 587 1,356 1,081
Research and development expenses 781 450 2,143 757
Operating expenses 4,509 3,637 12,395 8,097
Loss from operations (3,367) (2,491) (8,749) (5,287)
Other income (expense):        
Loss on extinguishment of debt (3,081) 0 (3,281) (1,113)
Interest expense (218) (1,182) (2,468) (2,724)
Other income 6 157 27 123
Gain on sale of business 0 0 3,631 0
Total other expense (3,293) (1,025) (2,091) (3,714)
Loss before income taxes (6,660) (3,516) (10,840) (9,001)
Income tax provision (7) (12) (20) (35)
Net loss from continuing operations (6,667) (3,528) (10,860) (9,036)
Net loss from discontinued operations (2) (100) (215) (2,392)
Net loss $ (6,669) $ (3,628) $ (11,075) $ (11,428)
Loss per common share from continuing operations - basic and diluted $ (.26) $ (0.19) $ (.52) $ (0.51)
Loss per common share from held for sale and discontinued operations - basic and diluted .00 (0.01) (0.01) (0.12)
Loss per common share - basic and diluted $ (0.26) $ (0.20) $ (.53) $ (0.63)
Weighted average shares outstanding        
Basic and diluted 26,907,069 19,878,518 22,781,807 19,592,679