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Selected Quarterly Consolidated Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Consolidated Financial Data (Unaudited)

13.

Selected quarterly consolidated financial data (unaudited):

The following table presents certain unaudited quarterly consolidated financial information for the years ended December 31, 2016 and 2015 (in thousands of U.S. dollars except per share amounts). This information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results of the interim periods.

 

 

 

Three Months Ended

 

 

 

March 31,

2016

 

 

June 30,

2016

 

 

September 30,

2016

 

 

December 31,

2016

 

Revenue

 

$

601

 

 

$

413

 

 

$

413

 

 

$

376

 

Loss from operations

 

 

(5,658

)

 

 

(6,366

)

 

 

(7,331

)

 

 

(5,462

)

Net loss

 

 

(3,263

)

 

 

(6,016

)

 

 

(7,714

)

 

 

(6,004

)

Basic and diluted net loss per common share

 

$

(0.23

)

 

$

(0.42

)

 

$

(0.51

)

 

$

(0.34

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

2015

 

 

June 30,

2015

 

 

September 30,

2015

 

 

December 31,

2015

 

Revenue

 

$

4,010

 

 

$

4,046

 

 

$

4,294

 

 

$

3,227

 

Income (loss) from operations

 

 

(6,137

)

 

 

199

 

 

 

(820

)

 

 

(2,603

)

Net income (loss)

 

 

(9,156

)

 

 

1,168

 

 

 

(3,827

)

 

 

(3,937

)

Basic net income (loss) per common share

 

$

(0.64

)

 

$

0.08

 

 

$

(0.27

)

 

$

(0.27

)

Diluted net loss per common share

 

$

(0.64

)

 

$

(0.07

)

 

$

(0.27

)

 

$

(0.27

)