Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues $ 26,060 $ 4,481 $ 8,988
Cost of sales 16,108 4,705 7,075
Gross profit (loss) 9,952 (224) 1,913
Selling, general and administrative:      
Severance and transition costs 1,152    
Acquisition and other related expenses 2,389 286  
Amortization and depreciation 3,122 353 447
Stock based compensation 809 45 301
Other selling, general and administrative 11,193 4,557 5,234
Research and development 1,809 555 834
Impairment expense   3,397 407
Total operating expenses 20,474 9,193 7,223
Operating loss (10,522) (9,417) (5,310)
Other income (expense):      
Gain on debt restructuring   1,048  
Change in fair value of embedded derivative (6,990)    
Gain on bargain purchase of business 743    
Interest expense (52) (210) (127)
Other income     12
Total other income (expense), net (6,299) 838 (115)
Loss from continuing operations (16,821) (8,579) (5,425)
Discontinued operations:      
Income (loss) from discontinued operations   1 (44)
Net loss (16,821) (8,578) (5,469)
Accretion of preferred stock, to redemption value, beneficial conversion feature and discount (2,290) (5,195)  
Accrual of preferred stock dividends (1,360) (31)  
Net loss attributable to common stockholders $ (20,471) $ (13,804) $ (5,469)
Basic and diluted loss per common share:      
Loss from continuing operations attributable to common stockholders $ (0.26) $ (0.63) $ (0.33)
Net loss attributable to common stockholders $ (0.26) $ (0.63) $ (0.33)
Basic and diluted weighted average shares outstanding 77,317 22,065 16,406