Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue $ 17,517 $ 7,357 $ 22,459 $ 13,669
Cost of sales 11,954 3,772 15,293 7,423
Gross profit 5,563 3,585 7,166 6,246
Selling, general and administrative:        
Severance and transition costs 189 173 271 978
Acquisition related expenses 65 520 429 1,575
Amortization and depreciation 1,525 1,028 2,079 1,977
Stock based compensation 229 509 361 701
Other selling, general and administrative 6,254 2,352 9,695 4,444
Research and development 474 320 978 780
Total operating expenses 8,736 4,902 13,813 10,455
Operating loss (3,173) (1,317) (6,647) (4,209)
Non-operating income (expense):        
Change in fair value of embedded derivative   (3,821)   (6,990)
Gain on bargain purchase of business       743
Interest expense (372)   (459)  
Other income (expense) (9) 3 (18) 3
Total non-operating expense, net (381) (3,818) (477) (6,244)
Loss before taxes (3,554) (5,135) (7,124) (10,453)
Deferred income tax benefit 5,964   5,964  
Net income (loss) 2,410 (5,135) (1,160) (10,453)
Accrual of preferred stock dividends 404 316 804 593
Accretion to redemption value of Series E, F and G preferred stock 906 6 913 2,177
Net income (loss) attributable to common stockholders $ 1,100 $ (5,457) $ (2,877) $ (13,223)
Net income (loss) per common share attributable to common stockholders - Basic $ 0.01 $ (0.07) $ (0.03) $ (0.18)
Net income (loss) per common share attributable to common stockholders - Diluted $ 0.01 $ (0.07) $ (0.03) $ (0.18)
Weighted average shares outstanding - Basic 89,086 77,286 85,379 74,488
Weighted average shares outstanding - Diluted 110,130 77,286 85,379 74,488