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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues $ 21,792,000 $ 0 $ 21,792,000 $ 0
Cost of revenue 5,172,000 0 5,172,000 0
Gross profit 16,620,000 0 16,620,000 0
Research and development expense 600,000 1,415,000 2,543,000 3,060,000
Selling, general and administrative expense 2,456,000 1,556,000 4,326,000 3,195,000
Operating income (loss) 13,568,000 (3,077,000) 9,711,000 (6,058,000)
Other income (expense):        
Warrant revaluation income 37,000 91,000 8,000 326,000
Derivative revaluation income (expense) (1,138,000) 242,000 (1,083,000) 179,000
Interest expense (200,000) (191,000) (397,000) (381,000)
Other income, net 110,000 41,000 472,000 139,000
Income (loss) before income taxes 12,377,000 (2,894,000) 8,711,000 (5,795,000)
Income tax (expense) (634,000) 0 (634,000) 0
Net income (loss) 11,743,000 (2,894,000) 8,077,000 (5,795,000)
Dividend paid in-kind to preferred stockholders (86,000) (83,000) (171,000) (165,000)
Deemed dividend on preferred stock (see Note 12) (145,000) (126,000) (285,000) (247,000)
Net income (loss) attributable to common stockholders $ 11,512,000 $ (3,103,000) $ 7,621,000 $ (6,207,000)
Net income (loss):        
Basic (usd per share) $ 1.18 $ (0.49) $ 0.78 $ (1.03)
Diluted (usd per share) $ 1.12 $ (0.49) $ 0.77 $ (1.03)
Weighted average number of common shares outstanding:        
Basic (shares) 9,758,332 6,376,048 9,758,332 6,026,454
Diluted (shares) 11,697,391 6,376,048 10,509,881 6,026,454
Affiliated Entity        
Research and development expense $ (4,000) $ 106,000 $ 40,000 $ (197,000)
License revenue        
Revenues 20,979,000 0 20,979,000 0
License revenue | Affiliated Entity        
Cost of revenue 3,750,000 0 3,750,000 0
Collaboration revenue        
Revenues 813,000 0 813,000 0
Cost of revenue 1,355,000 0 1,355,000 0
Collaboration revenue | Affiliated Entity        
Cost of revenue $ 67,000 $ 0 $ 67,000 $ 0