| Pro Forma Effect of Results of Operations |
The following gives pro forma effect to the results of
operations for the nine months ended September 30,2013 had the
modification been effective on February 21, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine months ended September 30,
2013 |
|
| |
|
As Reported |
|
|
Series E
Adjustments
|
|
|
Proforma |
|
|
|
|
|
|
Revenue
|
|
$ |
18,982,195 |
|
|
$ |
— |
|
|
$ |
18,982,195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
$ |
7,610,265 |
|
|
$ |
— |
|
|
$ |
7,610,265 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss
|
|
|
(7,264,663 |
) |
|
|
— |
|
|
|
(7,264,663 |
) |
|
Non-operating income (expenses)
|
|
|
(6,268,185 |
) |
|
|
6,990,353 |
|
|
|
722,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$ |
(13,532,848 |
) |
|
$ |
6,990,353 |
|
|
$ |
(6,542,495 |
) |
|
Dividends and accretion to redemption value of Series E and F
|
|
|
(3,234,746 |
) |
|
|
1,635,767 |
|
|
|
(1,598,979 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to common stockholders
|
|
$ |
(16,767,594 |
) |
|
$ |
8,626,120 |
|
|
$ |
(8,141,474 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per common share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations attributable to common
stockholders
|
|
$ |
(0.22 |
) |
|
|
|
|
|
$ |
(0.11 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to common stockholders
|
|
$ |
(0.22 |
) |
|
|
|
|
|
$ |
(0.11 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|