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Organization and Description of Business (Tables)
6 Months Ended
Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Effect of Correction on Previously Issued Condensed Consolidated Statement of Operations and Comprehensive Loss

The effect of the correction of this error on the Company’s previously issued Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Comprehensive Loss for the Three and Six Months Ended June 30, 2019 is, as follows (in 000’s):

 

 

 

Three Months Ended June 30, 2019

 

 

 

As Previously Reported

 

 

Correction

 

 

As Restated

 

NET REVENUE

 

$

30,368

 

 

$

 

 

$

30,368

 

COST OF GOODS SOLD

 

 

18,608

 

 

 

 

 

 

18,608

 

GROSS PROFIT

 

 

11,760

 

 

 

 

 

 

11,760

 

OPERATING EXPENSES:

 

 

 

 

 

 

 

 

 

 

 

 

Sales and distribution

 

 

11,828

 

 

 

1,881

 

 

 

13,709

 

Research and development

 

 

1,860

 

 

 

1,482

 

 

 

3,342

 

General and administrative

 

 

4,414

 

 

 

5,891

 

 

 

10,305

 

TOTAL OPERATING EXPENSES:

 

 

18,102

 

 

 

9,254

 

 

 

27,356

 

OPERATING LOSS

 

 

(6,342

)

 

 

(9,254

)

 

 

(15,596

)

INTEREST EXPENSE—net

 

 

1,281

 

 

 

 

 

 

1,281

 

OTHER EXPENSE (INCOME)—net

 

 

(13

)

 

 

 

 

 

(13

)

LOSS BEFORE INCOME TAXES

 

 

(7,610

)

 

 

(9,254

)

 

 

(16,864

)

PROVISION FOR INCOME TAXES

 

 

15

 

 

 

 

 

 

15

 

NET LOSS

 

$

(7,625

)

 

$

(9,254

)

 

$

(16,879

)

Net loss per share, basic and diluted

 

$

(0.62

)

 

$

(0.76

)

 

$

(1.38

)

Comprehensive loss

 

$

(7,637

)

 

$

(9,254

)

 

$

(16,891

)

 

 

 

Six Months Ended June 30, 2019

 

 

 

As Previously Reported

 

 

Correction

 

 

As Restated

 

NET REVENUE

 

$

48,213

 

 

$

 

 

$

48,213

 

COST OF GOODS SOLD

 

 

29,783

 

 

 

 

 

 

29,783

 

GROSS PROFIT

 

 

18,430

 

 

 

 

 

 

18,430

 

OPERATING EXPENSES:

 

 

 

 

 

 

 

 

 

 

 

 

Sales and distribution

 

 

21,101

 

 

 

1,881

 

 

 

22,982

 

Research and development

 

 

3,023

 

 

 

1,482

 

 

 

4,505

 

General and administrative

 

 

7,780

 

 

 

5,891

 

 

 

13,671

 

TOTAL OPERATING EXPENSES:

 

 

31,904

 

 

 

9,254

 

 

 

41,158

 

OPERATING LOSS

 

 

(13,474

)

 

 

(9,254

)

 

 

(22,728

)

INTEREST EXPENSE—net

 

 

2,494

 

 

 

 

 

 

2,494

 

OTHER EXPENSE (INCOME)—net

 

 

31

 

 

 

 

 

 

31

 

LOSS BEFORE INCOME TAXES

 

 

(15,999

)

 

 

(9,254

)

 

 

(25,253

)

PROVISION FOR INCOME TAXES

 

 

15

 

 

 

 

 

 

15

 

NET LOSS

 

$

(16,014

)

 

$

(9,254

)

 

$

(25,268

)

Net loss per share, basic and diluted

 

$

(1.35

)

 

$

(0.78

)

 

$

(2.13

)

Comprehensive loss

 

$

(16,001

)

 

$

(9,254

)

 

$

(25,255

)