v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
|
|
|
|
Sales |
|
|
|
|
Hardware |
$ 1,543
|
$ 1,022
|
$ 2,081
|
$ 1,680
|
Services and other |
2,025
|
2,007
|
7,906
|
3,784
|
Total sales |
3,568
|
3,029
|
9,987
|
5,464
|
Cost of sales |
|
|
|
|
Hardware |
1,141
|
620
|
1,674
|
1,360
|
Services and other |
803
|
692
|
3,843
|
1,242
|
Total cost of sales (exclusive of depreciation and amortization shown below) |
1,944
|
1,312
|
5,517
|
2,602
|
Gross profit |
1,624
|
1,717
|
4,470
|
2,862
|
Operating expenses: |
|
|
|
|
Sales and marketing expenses |
404
|
232
|
822
|
472
|
Research and development expenses |
146
|
272
|
303
|
518
|
General and administrative expenses |
1,688
|
1,472
|
3,436
|
3,189
|
Depreciation and amortization expense |
408
|
536
|
809
|
1,075
|
Total operating expenses |
2,646
|
2,512
|
5,370
|
5,254
|
Operating income/(loss) |
(1,022)
|
(795)
|
(900)
|
(2,392)
|
Other income (expenses): |
|
|
|
|
Interest expense |
(273)
|
(352)
|
(757)
|
(698)
|
Change in fair value of warrant liability |
(369)
|
293
|
(377)
|
440
|
Gain on settlement of debt |
|
406
|
866
|
406
|
Other income/(expense) |
(2)
|
(12)
|
(2)
|
|
Total other income/(expense) |
(644)
|
335
|
(270)
|
148
|
Loss before income taxes |
(1,666)
|
(460)
|
(1,170)
|
(2,244)
|
(Provision)/benefit for income taxes |
(73)
|
578
|
(152)
|
515
|
Net income/(loss) from operations |
(1,739)
|
118
|
(1,322)
|
(1,729)
|
Dividends on preferred stock |
(113)
|
(112)
|
(227)
|
(224)
|
Net income/(loss) attributable to common shareholders |
$ (1,852)
|
$ 6
|
$ (1,549)
|
$ (1,953)
|
Basic and diluted earnings/(loss) per common share |
$ (0.03)
|
$ 0.00
|
$ (0.02)
|
$ (0.03)
|
Diluted earnings/(loss) per common share |
$ (0.03)
|
$ 0.00
|
$ (0.02)
|
$ (0.03)
|
Weighted average shares outstanding - basic |
68,862
|
65,055
|
67,985
|
64,788
|
Weighted average shares outstanding -diluted |
68,862
|
65,055
|
67,985
|
64,788
|
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- DefinitionGain loss on fair value of warrant liability.
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