Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Other Comprehensive Loss

v3.21.1
Consolidated Statements of Operations and Other Comprehensive Loss - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Revenue $ 5,751,000 $ 7,305,000
Cost of revenues 3,353,000 3,701,000
Gross profit 2,398,000 3,604,000
Operating expenses:    
General and administrative 6,595,000 5,171,000
Sales and marketing 1,246,000 1,146,000
Impairment of goodwill 0 2,873,000
Impairment of intangible assets 2,201,000 0
Merger costs 539,000 117,000
Total operating expenses 10,581,000 9,307,000
Loss from continuing operations (8,183,000) (5,703,000)
Other income (expense):    
Interest expense (272,000) (1,437,000)
Interest income 0 108,000
Change in fair value of acquisition note payable 4,000 4,000
Change in fair value of other derivatives 0 86,000
Change in fair value of warrant liability 167,000 70,000
Change in fair value of siParadigm Earn-Out (66,000) (935,000)
Change in fair value of Excess Consideration Note 0 93,000
Gain on troubled debt restructuring 0 258,000
Other income 307,000 59,000
Total other income (expense) 140,000 (1,694,000)
Loss before income taxes (8,043,000) (7,397,000)
Income tax benefit 0 512,000
Loss from continuing operations (8,043,000) (6,885,000)
Income from discontinuing operations, including a gain on disposal of business of $8,370 during the year ended December 31, 2019 42,000 177,000
Net loss (8,001,000) (6,708,000)
Foreign currency translation loss (249,000) (34,000)
Comprehensive loss $ (8,250,000) $ (6,742,000)
Basic and diluted net loss per share from continuing operations (usd per share) $ (3.18) $ (3.57)
Basic and diluted net income (loss) per share from discontinuing operations (usd per share) 0.02 0.09
Basic and diluted net loss per share (usd per share) $ (3.16) $ (3.48)
Basic and diluted weighted-average shares outstanding 2,532 1,928