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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues $ 1,019,000 $ 0 $ 22,811,000 $ 0
Cost of revenue 1,686,000 0 6,858,000 0
Gross profit (loss) (667,000) 0 15,953,000 0
Research and development expense 763,000 1,541,000 3,306,000 4,601,000
Selling, general and administrative expense 2,929,000 1,501,000 7,255,000 4,696,000
Operating income (loss) (4,363,000) (3,105,000) 5,348,000 (9,163,000)
Other income (expense):        
Warrant revaluation income 141,000 265,000 149,000 591,000
Derivative revaluation income (expense) (3,522,000) 87,000 (4,605,000) 266,000
Interest expense (200,000) (194,000) (597,000) (575,000)
Other income, net 43,000 88,000 515,000 227,000
Income (loss) before income taxes (7,901,000) (2,859,000) 810,000 (8,654,000)
Income tax benefit 697,000 0 63,000 0
Net income (loss) (7,204,000) (2,859,000) 873,000 (8,654,000)
Dividend paid in-kind to preferred stockholders (89,000) (85,000) (260,000) (250,000)
Deemed dividend on preferred stock (see Note 12) (150,000) (130,000) (435,000) (377,000)
Net income (loss) attributable to common stockholders $ (7,443,000) $ (3,074,000) $ 178,000 $ (9,281,000)
Net income (loss):        
Basic (usd per share) $ (0.76) $ (0.33) $ 0.02 $ (1.31)
Diluted (usd per share) $ (0.76) $ (0.33) $ 0.02 $ (1.31)
Weighted average number of common shares outstanding:        
Basic (shares) 9,758,332 9,234,869 9,758,332 7,107,678
Diluted (shares) 9,758,332 9,234,869 9,776,888 7,107,678
Affiliated Entity        
Research and development expense $ 4,000 $ 63,000 $ 44,000 $ (134,000)
License revenue        
Revenues 0 0 20,979,000 0
License revenue | Affiliated Entity        
Cost of revenue 0 0 3,750,000 0
Collaboration revenue        
Revenues 1,019,000 0 1,832,000 0
Cost of revenue 1,684,000 0 3,039,000 0
Collaboration revenue | Affiliated Entity        
Cost of revenue $ 2,000 $ 0 $ 69,000 $ 0