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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
Sales        
Hardware $ 1,601 $ 1,654 $ 2,968 $ 3,295
Services and other 2,055 7,660 4,392 15,503
Total sales 3,656 9,314 7,360 18,798
Cost of sales        
Hardware 1,296 1,311 2,279 2,716
Services and other 543 3,775 1,657 8,173
Total cost of sales 1,839 5,086 3,936 10,889
Gross profit 1,817 4,228 3,424 7,909
Operating expenses:        
Sales and marketing expenses 371 610 798 1,307
Research and development expenses 245 394 558 767
General and administrative expenses 2,465 2,421 5,321 4,711
Depreciation and amortization expense 380 308 746 594
Goodwill impairment 10,646
Total operating expenses 3,461 3,733 18,069 7,379
Operating income/(loss) (1,644) 495 (14,645) 530
Other income (expenses):        
Interest expense (260) (213) (487) (417)
Change in fair value of warrant liability 22 21
Gain on settlement of obligations 1 6 41 13
Change in fair value of Special Loan (551) (702)
Other expense (1)
Total other expense (811) (185) (1,148) (383)
Income/(loss) before income taxes (2,455) 310 (15,793) 147
Benefit/(provision) for income taxes (4) 107 151 86
Net income/(loss) $ (2,459) $ 417 $ (15,642) $ 233
Basic earnings/(loss) per common share $ (0.25) $ 0.04 $ (1.59) $ 0.02
Diluted earnings/(loss) per common share $ (0.25) $ 0.04 $ (1.59) $ 0.02
Weighted average shares outstanding - basic 9,837 9,736 9,815 9,731
Weighted average shares outstanding - diluted 9,837 9,736 9,815 9,731