Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.1.900
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Revenue $ 18,040 $ 10,199 $ 6,610
Cost of revenues 14,098 8,453 4,925
Gross profit 3,942 1,746 1,685
Operating expenses:      
Research and development 5,483 4,622 2,190
General and administrative 14,567 12,369 6,115
Sales and marketing 5,269 3,964 1,842
Total operating expenses 25,319 20,955 10,147
Loss from operations (21,377) (19,209) (8,462)
Other income (expense):      
Interest expense (344) (473) (2,388)
Interest income 49 74 30
Change in fair value of warrant liability 35 417 4,633
Change in fair value of acquisition note payable 269 198 0
Debt conversion costs 0 0 (6,850)
Total other income (expense) 9 216 (4,575)
Loss before income taxes (21,368) (18,993) (13,037)
Income tax (benefit) (1,184) (2,350) (664)
Net (loss) $ (20,184) $ (16,643) $ (12,373)
Basic net (loss) per share (in dollars per share) $ (1.96) $ (1.76) $ (2.65)
Diluted net (loss) per share (in dollars per share) $ (1.96) $ (1.80) $ (3.64)
Basic weighted average shares outstanding (in shares) 10,298 9,449 4,665
Diluted weighted average shares outstanding (in shares) 10,299 9,462 4,676