XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Sale of products, net $ 6,435 $ 5,815 $ 13,493 $ 12,109
Cost of goods sold (exclusive of depreciation shown separately below):        
Products 6,234 5,901 13,005 12,298
Gross profit (loss) 201 (86) 488 (189)
Operating expenses:        
Selling, general and administrative (including equity-based compensation ) 3,501 2,586 6,640 5,060
Impairment of intangible assets 146   146  
Depreciation 157 147 313 282
Amortization 189 223 361 438
Total operating expenses 4,954 4,943 9,384 10,218
Operating loss (4,753) (5,029) (8,896) (10,407)
Other income (expense):        
Unrealized (loss) gain on investment 312 (1,424) (133) 1,549
Impairment of stock warrant (1,062)   (1,062)  
Realized (loss) on short-term investment securities 3 72   56
Litigation expense   (1,891) 0 (1,891)
Gain on the sale of machinery and equipment     0 87
Interest income, net 462 243 1,074 515
Interest expense (19) (13) (31) (24)
Total other income (expense) (304) (3,013) (152) 292
Loss before income taxes (5,057) (8,042) (9,048) (10,115)
Income taxes     38  
Net loss (5,057) (8,042) (9,086) (10,115)
Other comprehensive income (loss):        
Unrealized gain (loss) on short-term investment securities 241 89 45 236
Reclassification of gain to net loss (3) (72)   (56)
Other comprehensive income (loss) 238 17 45 180
Comprehensive loss $ (4,819) $ (8,025) $ (9,041) $ (9,935)
Net loss per common share - basic and diluted $ (0.04) $ (0.06) $ (0.07) $ (0.08)
Weighted average common shares outstanding - basic and diluted (in thousands) 138,854 124,662 138,732 124,653
Products Other Than Modified Risk Tobacco Products [Member]        
Operating expenses:        
Research and development (including equity-based compensation ) $ 957 $ 1,674 $ 1,770 $ 2,914
Modified Risk Tobacco Product [Member]        
Operating expenses:        
Research and development (including equity-based compensation ) $ 4 $ 313 $ 154 $ 1,524