v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue, net $ 5,446 $ 6,270 $ 14,645 $ 12,280
Cost of revenue (excluding amortization of $1,031 and $813, for the three months and $2,062 and $1,626 for the six months, respectively) 3,850 3,031 9,963 5,654
Gross profit 1,596 3,239 4,682 6,626
Operating expenses:        
Sales and marketing 1,596 2,959 4,077 5,369
Research and development 550 647 1,360 1,175
General and administrative 4,107 2,788 8,993 5,299
Acquisition related expense 1,295 1,696
Acquisition related amortization expense 1,031 813 2,062 1,626
Total operating expenses 7,284 8,502 16,492 15,165
Operating loss (5,688) (5,263) (11,810) (8,539)
Interest accretion (167) (91) (276) (220)
Other income (expense), net 438 74 485 123
Loss from continuing operations before tax (5,417) (5,280) (11,601) (8,636)
Provision for income taxes 13 5 28 10
Loss from continuing operations, net of tax (5,430) (5,285) (11,629) (8,646)
Less adjustment for preferred stock deemed dividend (3,033)
Loss from continuing operations attributable to common stockholders (5,430) (5,285) (14,662) (8,646)
(Loss) income from discontinued operations, net of tax (66) 65 (130) 7
Net loss attributable to common stockholders $ (5,496) $ (5,220) $ (14,792) $ (8,639)
Basic and diluted loss per share of common stock:        
From continuing operations $ (1.35) $ (1.39) $ (3.65) $ (2.36)
From discontinued operations (0.01) 0.02 (0.03) 0.00
Net loss per basic and diluted share of common stock $ (1.36) $ (1.37) $ (3.68) $ (2.36)
Weighted average number of common shares and common share equivalents outstanding:        
Basic 4,033,000 3,813,000 4,018,000 3,665,000
Diluted 4,033,000 3,813,000 4,018,000 3,665,000

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