Note 14 - Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Quarterly Financial Information [Text Block]

14. Selected Quarterly Financial Information (Unaudited)  

	Three Months Ended
	March 31			June 30			September 30			December 31
	(In thousands, except per share data)
2021:
General and administrative expense	$	2,463		$	1,991		$	1,564		$	1,135
Operating loss		(2,463	)		(1,991	)		(1,564	)		(1,135	)
Other income (loss), net		706			6,733			20,588			(5,992	)
Interest income		53			74			70			79
Equity income (loss), net		19,329			(5,136	)		(761	)		(1,586	)
Net loss before income taxes		17,625			(320	)		18,333			(8,634	)
Income tax benefit (expense)		—			—			—			—
Net loss	$	17,625		$	(320	)	$	18,333		$	(8,634	)
Net loss per share (a)
Basic	$	0.84		$	(0.02	)	$	0.88		$	(0.51	)
Diluted	$	0.84		$	(0.02	)	$	0.88		$	(0.51	)
2020:
General and administrative expense	$	3,532		$	2,028		$	2,275		$	1,631
Operating loss		(3,532	)		(2,028	)		(2,275	)		(1,631	)
Other income (loss), net		(3,567	)		(2,658	)		(820	)		(663	)
Interest income		105			52			52			52
Equity income (loss), net		(9,014	)		(5,277	)		(1,300	)		(5,111	)
Net income (loss) before income taxes		(16,008	)		(9,911	)		(4,343	)		(7,353	)
Income tax benefit (expense)		—			—			—			—
Net income (loss)	$	(16,008	)	$	(9,911	)	$	(4,343	)	$	(7,353	)
Net income (loss) per share (a)
Basic	$	(0.77	)	$	(0.48	)	$	(0.21	)	$	(0.35	)
Diluted	$	(0.77	)	$	(0.48	)	$	(0.21	)	$	(0.35	)

(a) Per share amounts for the quarters have each been calculated separately. Accordingly, quarterly amounts may not add to the annual amounts because of differences in the average common shares outstanding during each period. Additionally, in regard to diluted per share amounts only, quarterly amounts may not add to the annual amounts because of the inclusion of the effect of potentially dilutive securities only in the periods in which such effect would have been dilutive, and because of the adjustments to net income (loss) for the dilutive effect of common stock equivalents and convertible securities at our ownership interests.