Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenue $ 6,750,000 $ 4,001,000 $ 19,819,000 $ 12,556,000
Cost of revenues 4,444,000 3,103,000 12,832,000 9,342,000
Gross profit 2,306,000 898,000 6,987,000 3,214,000
Operating expenses:        
Research and development 1,594,000 1,802,000 4,806,000 4,335,000
General and administrative 3,701,000 3,487,000 11,677,000 9,536,000
Sales and marketing 1,054,000 1,243,000 3,731,000 3,543,000
Total operating expenses 6,349,000 6,532,000 20,214,000 17,414,000
Loss from operations (4,043,000) (5,634,000) (13,227,000) (14,200,000)
Other income (expense):        
Interest expense (111,000) (112,000) (344,000) (227,000)
Interest income 4,000 5,000 21,000 30,000
Change in fair value of acquisition note payable 18,000 315,000 119,000 (91,000)
Change in fair value of warrant liability 712,000 214,000 729,000 18,000
Other expense (325,000) 0 (325,000) 0
Total other (expense) 298,000 422,000 200,000 (270,000)
Net (loss) $ (3,745,000) $ (5,212,000) $ (13,027,000) $ (14,470,000)
Basic Net (Loss) Per Share (usd per share) $ (0.23) $ (0.54) $ (0.88) $ (1.49)
Diluted Net (Loss) Per Share (usd per share) $ (0.23) $ (0.56) $ (0.88) $ (1.49)
Basic Weighted-Average Shares Outstanding (in shares) 16,519 9,726 14,868 9,715
Diluted Weighted-Average Shares Outstanding (in shares) 16,519 9,728 14,868 9,716